Buying silver in Alaska
Alaska has no statewide sales tax, so silver bullion, coins and jewelry are bought without state sales tax.
Silver has one national spot price in US dollars: the prices on this page are the same as on the silver price in the United States page. What differs in Alaska is tax, explained below.
Sales tax on silver in Alaska
No statewide sales tax. Some boroughs and cities levy local sales tax, but HB 1 (law May 29, 2026; effective Aug 28, 2026) bars local sales/use tax on the precious-metal content of gold and silver specie. Jewelry and other goods can still face local tax.
Tax when you sell silver in Alaska
No state personal income tax, so no state tax on bullion gains. At the federal level, the IRS treats bullion and most silver 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 Alaska
HB 1 (2026) recognizes gold and silver specie as legal tender and orders a study of accepting it for state taxes and debts.
Buying and selling rules in Alaska
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 Silver Eagles, 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.