Michigan

In Michigan, most sales of investment-grade gold, silver, and platinum bullion, as well as numismatic coins, are exempt from the 6% state sales and use tax. This exemption applies to bullion with at least 90% purity and to coins (U.S. or foreign) with a fair market value greater than their face value.

Zang International is not a tax advisory firm, and this information is provided for general educational purposes only. It should not be relied upon as legal or tax advice and does not represent a complete summary of applicable sales tax laws or requirements in any state or jurisdiction. Tax laws vary by location and are subject to change. For the most accurate and up-to-date guidance, please consult a qualified tax professional or the official Department of Revenue website for your state.