GOLD$4,261.37▲ 0.32%SILVER$62.10▲ 0.09%PLATINUM$1,751.80▲ 0.93%PALLADIUM$1,371.23▲ 0.17%

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AZ Some exemptions Last reviewed: April 2026

Rules of Gold in Arizona

Among the most bullion-friendly states. HB 2014 (2017) recognized specie as legal tender and excluded specie gains from state taxable income. Sales-tax exempt under A.R.S. § 42-5061(A)(25).

Coin & bullion dealers 5

The six facts

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

Exempt

Sales tax on bullion

A.R.S. § 42-5061(A)(25) exempts investment-grade bullion (gold, silver, platinum, palladium) from Arizona transaction privilege tax. No minimum purchase threshold.

Source As of 2026-04-25 · medium confidence

Yes

Recognized as legal tender

Arizona recognizes specie (legal-tender gold and silver coins) as legal tender for payment of debts under HB 2014 (2017), codified at A.R.S. § 41-1596.

Source As of 2026-04-25 · medium confidence

No

Capital gains on bullion

Under HB 2014 (now A.R.S. § 43-1022), gains on the sale of specie are subtracted from Arizona adjusted gross income. The state flat 2.5% income tax does not apply.

Source As of 2026-04-25 · medium confidence

No

State bullion depository

Arizona has not enacted enabling legislation for a state-chartered or state-administered bullion depository.

Source As of 2026-04-25 · medium confidence

No disclosure

State gold & silver reserves

Arizona State Treasurer Comprehensive Annual Financial Reports do not disclose physical bullion holdings on the state balance sheet.

Source As of 2026-04-25 · medium confidence

No

Pension fund holdings

Arizona State Retirement System (ASRS) and PSPRS CAFRs do not disclose physical bullion line-items. Holdings are equities, fixed income, alternatives, and real estate.

Source As of 2026-04-25 · medium confidence

What this means for buyers

When you buy bullion in Arizona: 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 from bullion are explicitly excluded from state taxable income. Federal capital-gains tax still applies — typically the 28% collectibles rate for physical bullion held more than a year — but you avoid the state-level layer. Meaningful exit-tax advantage.

On state legal tender: Arizona recognizes gold and silver coin as legal tender at the state level. Practically, specie can be used to settle private debts in-state and gains from specie transactions may be excluded from state taxation under related provisions. It does not obligate retailers to accept bullion in payment.

A favorable environment for collectors and investors. Stage transactions to capture the available exemptions and document basis carefully.

Coin & bullion dealers in Arizona

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

A-1 Coins

ANA member (American Numismatic Association)

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C&C Coin and Stamp

Scottsdale

Operating since 1992
NGC Authorized, PCGS Authorized; "100+ years combined experience" framing across…

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Scottsdale Bullion and Coin LLC

BBB Accredited (since 2012-03-13), A+ rated, PCGS Authorized, NGC Authorized

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Toliver James Rare Coins

Scottsdale + Phoenix + Gilbert

PCGS Authorized, NGC Authorized, CAC certified-coin dealer (high accreditation density)

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Valley Coin

Operating since 1983
NGC Authorized, PCGS Authorized

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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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