MO No exemptions Last reviewed: April 2026

Rules of Gold in Missouri

The six facts

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

Bullion exempt

Sales tax on bullion

RSMo §144.815, effective August 28, 2001, exempts the sale of bullion and investment coins from Missouri state sales and use tax — and notably also exempts from all local sales taxes (a broader exemption than most states, which often cover only the state portion). "Bullion" is defined as gold, silver, platinum, or palladium in a bulk state where its value depends on metal content rather than form, with purity not less than 900 parts per 1,000 (same lenient 90% threshold as Michigan). "Investment coins" means numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium, or other metal with a fair market value greater than the face value of the coins.

Source As of 2001-08-28 · high confidence

Recognized as legal tender

Missouri has not enacted a statute formally recognizing gold and silver as legal tender, despite repeated near-misses. SB 100 (2023, "Sound Money Act," Sen. William Eigel) — declares Missouri shall accept gold and silver as legal tender, exempts gold/silver capital gains from state income tax, authorizes State Treasurer investment in gold/silver, and establishes a state gold depository — passed the Missouri Senate 21-12, then passed the House Special Committee on Government Accountability 12-5 (April 2023), but did not become law. SB 735 (2024, "Constitutional Money Act") covered similar ground and was passed by the Senate but did not advance further. Missouri remains absent from the legal-tender state list as of 2026, though much of the "sound money" agenda has been achieved through other vehicles (broad capital gains exemption, sales tax exemption).

Source As of 2026-04-26 · medium confidence

Capital gains on bullion

Missouri became the first US state with an individual income tax to fully eliminate state capital gains taxation, effective January 1, 2025. Per HB 594 / HB 798 (2025), individuals can deduct 100% of all capital gains reported for federal income tax purposes when calculating their Missouri adjusted gross income — covering both short-term and long-term gains across all asset classes including precious metals. The capital gains subtraction is administered by the Missouri Department of Revenue under guidance issued in 2025. Missouri is also transitioning to a flat 4.7% individual income tax rate effective tax year 2026 (HB 798); the top bracket already fell to 4.7% effective January 1, 2025. Combined effect: gold/silver capital gains realized in Missouri starting TY 2025 face zero state income tax, regardless of holding period or amount.

Source As of 2025-01-01 · high confidence

State bullion depository

Missouri has not enacted enabling legislation for a state-administered bullion depository. SB 100 (2023) and SB 735 (2024) — both of which would have authorized a state gold depository — did not become law.

Source As of 2026-04-26 · medium confidence

State gold & silver reserves

The Missouri State Treasurer does not currently hold physical gold or silver as a reserve asset. SB 100 (2023) and SB 735 (2024) — which would have authorized State Treasurer investment in gold and silver — did not become law.

Source As of 2026-04-26 · medium confidence

Pension fund holdings

Missouri's two largest public pension systems — the Missouri State Employees' Retirement System (MOSERS) and the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) — follow standard institutional asset allocations across public equities, fixed income, alternatives, and real estate. No precious-metals or commodities line item is disclosed. Combined assets exceed $50 billion.

Source As of 2024-06-30 · medium confidence

What this means for buyers

When you buy bullion in Missouri: 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.

A mixed picture — some friction on entry or exit, but a real exemption to plan around. Read the fact cards above and consider how each rule applies to your transaction size.

Coin & bullion dealers in Missouri

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

Full directory

Americana Collectors

Operating since 1978
PCGS Authorized, NGC Authorized

View dealer

Midwest Coin and Currency – Kansas City

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Missouri Coin Company

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Show Me Rare Coins

BBB A+
PCGS Authorized, NGC Authorized

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Smith Jewelry & Coins

Operating since 1964

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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