Florida Precious Metals Tax Information
The state of Florida requires the collection of sales tax on certain products sold by APMEX and delivered to a Florida address.
Please note: The information below is not a comprehensive description of sales tax laws and requirements in the state of Florida. It is intended only to provide a brief overview of Florida sales tax laws and requirements currently in effect that may relate to transactions with APMEX.
Sales tax is generally determined by the laws in effect on the date an order ships, not the date the order is placed. Because sales tax laws and product taxability rules can change, APMEX encourages customers to review applicable tax information before completing a purchase.
What Precious Metals Are Taxed?
Florida sales tax must be collected on certain products sold by APMEX and shipped to a Florida address.
Under current Florida law, sales of gold, silver, and platinum bullion are exempt from Florida sales and use tax regardless of sales price.
Taxes must generally be collected on:
- Palladium bullion;
- Copper products;
- Non-U.S. coins or non-U.S. numismatic coins that do not qualify for Florida’s coin or currency exemption;
- Non-U.S. currency, unless Florida law treats the transaction as exempt legal tender or an exempt coin/currency transaction;
- Accessory items; and
- Processed items.
Florida law also exempts certain coin or currency transactions, including U.S. legal tender, foreign legal tender sold at face value, and certain non-U.S. coin or currency transactions exceeding $500.
Taxable Products in Florida
The following definitions apply to products on which Florida sales tax may be collected:
- Bullion. For Florida sales tax purposes, bullion means gold, silver, or platinum in the form of bars, ingots, or plates, normally sold by weight. Finished goods, such as coins and jewelry, are not bullion.
- Palladium Bullion. Palladium is not included in Florida’s exemption for gold, silver, or platinum bullion and may be taxable unless another exemption applies.
- Non-U.S. Coins. Stamped pieces of metal issued by a sovereign government outside the United States. Florida taxability may depend on whether the coin is legal tender, whether it is sold at face value, whether it is sold based on collectible or Precious Metal value, and whether the transaction qualifies for Florida’s coin or currency exemption.
- Non-U.S. Currency. Money issued by a sovereign government outside the United States. Florida law may exempt foreign legal tender sold at face value or exchanged solely for use as legal tender.
- Single Sales Transaction. Generally determined by the transaction or invoice, subject to Florida’s item-specific exemption and surtax rules.
- Accessory Items. Items such as holders, tubes, coin flips, storage products, or similar supplies.
- Processed Items. Precious Metals processed into items valued on more than their Precious Metal content, such as jewelry, statues, colorized coins, or similar products. These items are generally taxable.
How Does Florida Calculate Precious Metals Taxes?
Taxes in Florida are calculated at checkout on the APMEX website based on:
- The taxability of products sold by APMEX and shipped to a Florida address;
- Florida sales tax rules in effect at the time the order ships;
- The applicable Florida state sales tax rate; and
- Any applicable local discretionary sales surtax based on the delivery address and Florida’s surtax rules.
Future Florida Sales Tax and Legal Tender Updates
Florida has enacted a legal-tender framework for certain gold and silver coins, with provisions scheduled for July 1, 2026, if the Legislature ratifies the required implementing rules and saves the provisions from repeal. Future-effective changes should be reviewed before they become applicable.