In Virginia, the sales tax treatment depends on what type of coin or currency is being sold:
- Gold, silver, or platinum bullion: 0% sales tax (exempt). Virginia exempts qualifying precious metal bullion from sales tax.
- Legal tender coins: 0% sales tax (exempt). This includes government-issued coins used as a medium of exchange.
- Numismatic/collectible coins (rare coins, graded coins, proofs, tokens, medals, etc.): generally subject to Virginia sales tax unless another exemption applies.
- Paper currency: generally treated as collectible tangible personal property and is normally taxable unless it qualifies under a specific exemption.
The Virginia state sales tax rate is 5.3% in most locations (4.3% state + 1% local), though some areas have additional local taxes.
