CO No exemptions Last reviewed: April 2026

Rules of Gold in Colorado

The six facts

Statute-level rules. Each fact is sourced; click through to the primary citation.

Exempt

Sales tax on bullion

Gold, silver, platinum, and palladium bullion and coins are fully exempt from Colorado state and state-administered local sales and use taxes. The exemption applies to any precious metal that has been refined and is in a state where its value depends on precious metal content, not form. No minimum purchase threshold. Exemption does not apply to art, jewelry, or commemoratives made from bullion.

Source · high confidence

Recognized as legal tender

Colorado has not enacted a statute recognizing gold or silver coins or bullion as legal tender for payment of debts. Search of Colorado legislature website and Colorado Revised Statutes found no legal-tender legislation regarding precious metals.

Source As of 2026-04-25 · medium confidence

Taxed

Capital gains on bullion

Colorado taxes capital gains from the sale of precious metals as ordinary income at the state income-tax rate. No precious-metals exemption exists in Colorado's tax code. Capital gains are taxed as part of federal adjusted gross income for Colorado income-tax purposes. Colorado has a flat 4.40% state income tax rate (one of 14 flat-rate states; rate may be reduced based on excess state revenue under TABOR through 2034).

Source · medium confidence

State bullion depository

Colorado has not authorized a state bullion depository. No enabling legislation exists, and no depository is operational, authorized, or in study-phase.

Source As of 2026-04-25 · medium confidence

No disclosure

State gold & silver reserves

Colorado State Treasurer does not publish evidence of physical precious-metals holdings in state financial reports or comprehensive annual financial reports. No public disclosure of bullion or specie holdings found.

Source As of 2026-04-25 · medium confidence

No disclosure

Pension fund holdings

The Colorado Public Employees' Retirement Association (PERA) and other state retirement systems manage the state's public retirement plans. Published PERA and state retirement system annual financial reports do not disclose physical gold or silver holdings. Standard investment portfolios focus on equities, bonds, and alternatives.

Source As of 2026-04-25 · medium confidence

What this means for buyers

When you buy bullion in Colorado: investment-grade bullion is exempt from state sales tax. The exemption typically covers gold, silver, platinum, and palladium meeting standard investment-grade purity. Verify the exemption applies to your specific purchase — definitions and minimum-purity thresholds vary by statute.

When you sell or otherwise realize a gain: capital gains on bullion are taxed as ordinary income at Colorado’s state-tax rates, stacked on top of the federal 28% collectibles rate. This is a real drag on long-term holdings — consult a CPA before realizing a major position.

Mostly standard taxation; one carve-out worth knowing about. Confirm it covers your specific purchase before relying on it.

Coin & bullion dealers in Colorado

Verified retail dealers — sourced from state corporation registries, BBB, and trade associations.

Full directory

All Cs

NGC Authorized, PCGS Authorized, ANA member

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Colorado Coin Galleries

Operating since 1976
PCGS Authorized, NGC Authorized, ANA member

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Hallenbeck Coin Gallery

NGC certified, PCGS certified

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Noble House Precious Investments

Operating since 1979
PCGS Authorized, NGC Authorized

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Rocky Mountain Coin

Operating since 1976
NGC certified, PCGS certified

View dealer

About this page. Each fact on this page links to its primary source. State laws change, so confirm material facts with your CPA or the state Department of Revenue before acting on a transaction. Fair Market Value does not provide legal or tax advice.

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