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Division of Taxation

Exemption for Sales of Certain Investment Bullion and Investment Coins

P.L. 2024, c. 64 amends N.J.S.A. 54:32B-8.32 to exempt sales of qualifying investment metal bullion and investment coins beginning on and after January 1, 2025.

“Investment metal bullion” means any elementary precious metal that has been put through a process of smelting or refining, including, but not limited to: gold, silver, platinum, and palladium, and that is in such a state or condition that its value depends upon its contents and not its form. “Investment metal bullion” does not include any precious metal that has been assembled, fabricated, manufactured, or processed in one or more specific and customary industrial, professional, aesthetic, or artistic uses.

“Investment coin” means any numismatic coin manufactured of gold, silver, platinum, palladium, or any other metal, including non-precious metals, and having a fair market value of not less than $1,000. In order to be exempt, the individual coin must have a fair market value of not less than $1,000. “Investment coin” does not include jewelry or works of art made of coins, nor does it include commemorative medallions.

Note that the $1,000 fair market value requirement does not apply to investment metal bullion.

A copy of the public law can be found at: P.L. 2024, c. 64.


Last Updated: Tuesday, 10/01/24