Buying gold in Alabama
Alabama does not charge sales tax on qualifying gold bullion and coins. Jewelry is taxed at the 4% 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 Alabama is tax, explained below.
Sales tax on gold in Alabama
Gold, silver, platinum and palladium bullion and coins of at least 80% purity sold by metal value are exempt from state sales/use tax; the exemption currently runs to June 1, 2028 (SB 13, 2022). Jewelry and collectible-priced items remain taxable.
Tax when you sell gold in Alabama
Gains on gold and silver are excluded from Alabama income tax (SB 297, signed 2024; applies from tax year 2025). 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 Alabama
SB 130 (2025) reaffirms gold and silver as legal tender for voluntary transactions.
Buying and selling rules in Alabama
SB 13 (2022) repealed the dealer reporting requirement tied to the exemption. 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.