Florida to exempt qualifying gold and silver coins from sales and use tax from July 1

Florida’s Department of Revenue said qualifying physical gold and silver products will be exempt from sales and use tax starting July 1. The exemption covers items recognized as legal tender and meeting purity thresholds—gold at or above 99.5% and silver at or above 99.9%—including certain coins, rounds, bars and ingots. Jewelry, utility items and collectibles are excluded. The move lowers transaction costs for holding physical precious metals in Florida but does not change federal pricing or global supply-and-demand dynamics.