Please disregard if this gets too long or boring. And it's long. And it covers two law changes: last August, 2025 and new law changes coming in July, 2026.
I was looking at an online cart with a silver dealer and I noticed state tax in it. Which was new to me.
I live in Florida, so your own state may vary. But they seem to be doing some good that other states will hopefully copy:
As of August , 2025, state sales tax was removed in Florida for all precious metals bullion. But silver is defined as bars, ingots, or plates. Not rounds, not foreign coins. Coins are only tax exempt if they are US gov currency. So Maple Leafs, rounds, Britannia coins, etc. are all taxable.
But as of August, 2025, if you buy more than $500 the tax is removed. Note that this must be the taxable amount, not the full sale. So if you have, say, a silver purchase that is part US coins and part Maple Leafs, the Maple Leafs must total over $500 themselves to be exempt from Florida tax.
So now the law changes again on July 1, 2026 (assuming it is passed, which seems pretty certain). They will now define silver as (here's the wording of the bill): "The bill defines “silver coin” to mean a precious metal with the chemical element of atomic number 47 in solid form, in the shape of rounds, bars, ingots, or bullion coins, which is valued for its metal content and is stamped or imprinted with its weight and purity and which solid form of chemical element atomic number 47 consists of at least 99.9 percent purity."
They will now include coins from other governments and also rounds, as long as they are 99.9% pure. The rounds are supposed to state their purity in the design and not imply that they are issued by any government (likely for fraud prevention).
So as of July 1 things get much nicer for us to buy silver.
As for junk silver, Morgans, Franklin half dollars, etc., they are already tax exempt under an old law that continues to be in effect under the new system.
Just some light reading if you're interested.