Buying gold in Fort Worth, TX
Texas does not charge sales tax on qualifying gold bullion and coins. Jewelry is taxed at the 6.25% state rate plus any local tax. The combined state and local sales tax rate in Fort Worth is about 8.25%.
Gold has one national spot price in US dollars: the prices on this page are the same as on the gold price in the United States page. What differs in Fort Worth is tax, explained below and on the Texas page.
Sales tax on gold in Fort Worth
Not on investment bullion. Gold, silver and numismatic coins and platinum, gold and silver bullion are exempt (Tax Code 151.336); the old $1,000 threshold was removed in 2013. Jewelry is taxable. The combined state and local rate is about 8.25% here.
Full state rules: gold price and tax in Texas.
Tax when you sell gold in Texas
No state personal income tax, so no state tax on bullion gains. At the federal level, the IRS treats bullion and most gold coins as collectibles: long-term gains (assets held more than a year) are taxed at your ordinary rate, capped at 28%, and short-term gains as ordinary income.
Gold and silver as money in Texas
HB 1056 (2025) recognizes gold and silver specie as legal tender and lets the Comptroller set up electronic payments backed by metal held in the Texas Bullion Depository. Provisions phase in from 2026, with the full system targeted for 2027. State depository: Texas Bullion Depository (state-run; created by HB 483 in 2015, opened 2018 in Leander).
Selling gold or gold jewelry to a dealer in Texas
- License: A 'crafted precious metal dealer' must register with the consumer credit commissioner (Office of Consumer Credit Commissioner, OCCC), listing each Texas location, and pay a processing fee per location set by the commissioner. Registration must be renewed under commission rules and displayed. The commissioner publishes a list of registered dealers.
- Hold period: 11 days. A dealer may not melt, deface, alter or dispose of reported crafted precious metal until the 11th day after the report is filed, unless a peace officer allows it for good cause, the dealer records the buyer's name, address and description, or (for a pawnbroker) the pledgor redeems it. A peace officer who suspects an item is stolen may place a written hold of up to 60 days.
- What the dealer records: Before buying, the dealer must have the seller file a list with the seller's name and address, a full description of the items and a signed certification that it is true. The dealer records the number of the seller's driver's license or Texas ID card. A copy goes to the chief of police or sheriff within 48 hours, and to any peace officer on demand. Since 2013 reports may be on a preprinted, prenumbered form, and copies must be kept until the later of 2 years after the item is sold or 3 years after the report.
- What sellers need: Seller must file the signed list certifying the information is true and show a driver's license or Texas ID card, whose number is recorded.
- Who is exempt: Per the 2013 bill analysis: dealers who buy only coins, bars, commemorative medals or certain scrap items are outside the dealer definition, and licensed pawnshops are excluded.
- The law: Texas Occupations Code chapter 1956, subchapter B (Sale of Crafted Precious Metal to Dealers), sections 1956.061 to 1956.069; registration in section 1956.0612.
Dealers report a customer's sale to the IRS on Form 1099-B only for certain forms and quantities, such as 1-kilo gold bars, 1,000 ounces of silver bars or 25 or more Krugerrands or Maple Leafs; American Eagles and smaller lots are generally not reported. Any business that receives more than $10,000 in cash in one transaction or related transactions files IRS Form 8300. Bring a photo ID when you sell.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.