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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).

What this means for me 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. Legislative data captured by the Empirical Research Orchestrator. Each fact links to its primary source. State laws change — 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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