Buying silver in Jacksonville, FL
Florida does not charge sales tax on qualifying silver bullion and coins. Jewelry is taxed at the 6% state rate plus any local tax. The combined state and local sales tax rate in Jacksonville is about 7.5%.
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 Jacksonville is tax, explained below and on the Florida page.
Sales tax on silver in Jacksonville
Not on investment bullion. Gold, silver and platinum bullion has been exempt with no minimum since Aug 1, 2025 (HB 7031). From July 1, 2026, qualifying gold coins (99.5%+) and silver coins (99.9%+) are also exempt as legal tender (HB 999). Other coins and currency are exempt only on sales over $500. Palladium and jewelry are taxable. The combined state and local rate is about 7.5% here.
Full state rules: silver price and tax in Florida.
Tax when you sell silver in Florida
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 Florida
HB 999 (2025) recognizes qualifying gold and silver coin as legal tender from July 1, 2026, and HB 1311 (2026) ratified the rules. Use is voluntary, and government entities may accept it only electronically through licensed custodians.
Buying and selling rules in Florida
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.