Delaware – FMV Gold

The six facts

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

No state tax

Sales tax on bullion

Delaware imposes no state or local sales tax, only a gross receipts tax on sellers of goods or providers of services. Because there is no sales tax, bullion sales are not subject to sales tax (nor is any other transaction). Delaware is one of five US states without a sales tax.

Source · high confidence

Recognized as legal tender

Delaware has not enacted a statute recognizing gold or silver coins or bullion as legal tender for payment of debts. No legal-tender legislation found in Delaware statutes or 2021–2026 legislative records.

Source As of 2026-04-25 · medium confidence

Taxed

Capital gains on bullion

Delaware subjects capital gains from precious metals to ordinary income tax. No exemption exists for gold, silver, platinum, or palladium. Precious metals are treated as property and gains are taxed at Delaware's standard income-tax rates (top marginal rate approximately 6.6%).

Source · medium confidence

State bullion depository

Delaware has not authorized a state bullion depository. No enabling legislation exists, and no depository is operational, authorized, or in study phase.

Source As of 2026-04-25 · medium confidence

State gold & silver reserves

Delaware State Treasurer does not hold physical gold or silver bullion in state reserves. Delaware follows the national pattern of holding rainy-day funds in cash and securities, not specie.

Source As of 2026-04-25 · medium confidence

Pension fund holdings

Delaware Public Employees' Retirement System (DEPERS) and other state pension plans do not disclose physical gold or silver holdings. Standard pension portfolios focus on equities, bonds, and alternative securities. No evidence of bullion or specie in published pension fund reports.

Source As of 2026-04-25 · medium confidence

What this means for buyers

When you buy bullion in Delaware: Delaware has no state sales tax of any kind, so bullion isn’t taxed at the state level. Local sales taxes (city or borough) may still apply in some jurisdictions — verify before transacting.

When you sell or otherwise realize a gain: capital gains on bullion are taxed as ordinary income at Delaware’s state-tax rates, stacked on top of the federal 28% collectibles rate. This is a real drag on long-term holdings — consult a CPA before realizing a major position.

Mostly standard taxation; one carve-out worth knowing about. Confirm it covers your specific purchase before relying on it.

Rules of Gold in Delaware

The six facts

Sales tax on bullion

Recognized as legal tender

Capital gains on bullion

State bullion depository

State gold & silver reserves

Pension fund holdings

What this means for buyers

Coin & bullion dealers in Delaware

Diamond State Coins & Currency

Dutch Country Auctions

First State Coin

The Coin Gallery of Delaware

Track your Delaware collection at fair-market value.