Buying gold in Nevada
Nevada exempts some gold bullion and coin purchases from sales tax, but not all. Jewelry is taxed at the 6.85% state rate plus any local tax.
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 Nevada is tax, explained below.
Sales tax on gold in Nevada
Nevada has no specific bullion statute. Under NAC 372.170, coins accepted as money and sold at no more than 150% of face value are exempt, while bullion and coins sold at a premium for uses other than money are taxable. Dealers apply this differently, and many treat investment bullion as exempt. A 2025 bill to send a full exemption to voters (AB 359) failed. Jewelry is taxed at the 6.85% state rate plus any local sales tax.
Tax when you sell gold in Nevada
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.
Selling gold or gold jewelry to a dealer in Nevada
- License: No general statewide license for secondhand dealers. Cities and counties may license, tax and regulate them, and may ban advertising as a secondhand dealer without a local license (NRS 647.0193, 647.080). A dealer that buys goods with a buy-back agreement must hold a pawnbroker license where local government requires one (NRS 647.019).
- Hold period: 30 days. Marked or otherwise individually identifiable property may not be removed from the place of business for 30 days after its receipt is reported to police in counties of 700,000 people or more (Clark County), or 15 days in smaller counties (NRS 647.130). A peace officer may also place a written hold (NRS 647.132).
- What the dealer records: At each purchase, in English: date, the employee, the seller's name, age, driver's license number, street address and general description, a description of the property (watch maker and case numbers, all jewelry inscriptions and marks) and the price paid. Records and goods are open to police inspection (NRS 647.110). Before noon each day the dealer must send the previous day's transactions to the sheriff or chief of police, by mail or by electronic or fax means if police direct (NRS 647.120). Suspected stolen property must be reported at once. No photo, fingerprint or retention period is set for secondhand dealers.
- What sellers need: Seller must sign a certificate that they have the legal right to sell (NRS 647.120). Dealers commit a misdemeanor if they receive property from a person under 18, or from intoxicated persons or known thieves (NRS 647.140).
- Who is exempt: Coins, antiques, used books and collectibles are outside the secondhand dealer definition (NRS 647.018), and coins not part of jewelry are exempt from daily reports (NRS 647.120). Certain licensed firearm dealers at short shows are also excluded.
- The law: Dealers in Junk and Secondhand Materials, NRS chapter 647; secondhand dealer defined in NRS 647.018 (buyers and sellers of metal junk, melted metals or secondhand personal property, other than antiques, used books, coins and collectibles); records NRS 647.110; daily reports NRS 647.120; holds NRS 647.130 and 647.132; offenses NRS 647.140.
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.
What you pay over spot
Dealers sell Gold Eagles, Buffaloes, bars and rounds at a premium over the spot price shown here, which covers minting, shipping and the dealer's margin; small coins carry the biggest premiums. Jewelry adds design and labour. When you sell, dealers usually pay a little under spot for common bullion and the melt value, less a margin, for scrap.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.