Buying gold in Fayetteville, AR
Arkansas does not charge sales tax on qualifying gold bullion and coins. Jewelry is taxed at the 6.5% state rate plus any local tax. The combined state and local sales tax rate in Fayetteville is about 9.75%.
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 Fayetteville is tax, explained below and on the Arkansas page.
Sales tax on gold in Fayetteville
Not on investment bullion. Coins, currency and bullion have been exempt since 2021 (SB 336), and the 2023 Arkansas Legal Tender Act (HB 1718) removed state taxes on specie transactions. Jewelry and craftsmanship-priced items remain taxable; platinum and palladium treatment is less clear. The combined state and local rate is about 9.75% here.
Full state rules: gold price and tax in Arkansas.
Tax when you sell gold in Arkansas
HB 1718 (2023) exempts gains on gold and silver specie from state income tax. 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 Arkansas
Arkansas Legal Tender Act (HB 1718, 2023) recognizes gold and silver specie as legal tender.
Buying and selling rules in Arkansas
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.