VA § 58.1-609.1 (19) exempts gold, silver, or platinum bullion, as well as legal tender coins from sales tax. This exemption was set to expire June 30, 2025 and VA HB 1600 extended the expiration to June 30, 2026. At this time, Virginia has not extended the exemption further. Therefore, Virginia will begin taxing these products July 1, 2026 absent further legislative action.
Virginia Set to Tax Bullion and Coins July 1, 2026
Bradley Feimer
May 19, 2026
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Author
Bradley Feimer
Bradley Feimer is Regulatory Counsel at Sovos. Within Sovos’s Regulatory Analysis function, Bradley focuses on domestic sales tax, international Value Added Tax, and Global Sales Tax. Bradley received a B.A. in English from The Ohio State University and J.D. at Suffolk University Law School. Bradley is a member of the Massachusetts Bar.
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