Buying silver in Denver, CO
Colorado does not charge sales tax on qualifying silver bullion and coins. Jewelry is taxed at the 2.9% state rate plus any local tax. The combined state and local sales tax rate in Denver is about 9.15%.
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 Denver is tax, explained below and on the Colorado page.
Sales tax on silver in Denver
Not on investment bullion. Coins and precious metal bullion are exempt from state sales tax and from local taxes the state collects, including RTD and SCFD. Self-collecting home-rule cities may still tax them. Jewelry, art, and non-coin collectibles such as paper money and tokens are taxable. The combined state and local rate is about 9.15% here.
Full state rules: silver price and tax in Colorado.
Tax when you sell silver in Colorado
Profits on silver are generally taxed by Colorado like other investment gains, under its income tax rules. 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.
Buying and selling rules in Colorado
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.