SUT-121 - Bullion or Precious Metal Coins

This article has been updated to reflect a law change.

Effective May 27, 2022, there is a sales and use tax exemption for the sale of all coins, currency, and bullion that are:

  • manufactured in whole or in part from gold, silver, platinum, palladium, and other material;
  • used solely as legal tender, security, or commodity in Tennessee or another state, the United States, or a foreign nation; and
  • sold based primarily on their intrinsic value as precious material or collectible items rather than their representative value as a medium of exchange.

Note: This article was updated on June 20, 2022. The previous version of SUT-121 is available here.

Public Chapter 1092 (2022).

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