New York

Silver price in New York

Spot is $69.09/oz right now. Spot is the same everywhere — what changes in New York is the premium dealers charge over it and whether the state taxes the purchase.

Sales tax on bullion

Exempt from $1,000, taxed below it

State rate: 4%
Exemption threshold: $1,000
Source read on: 2026-08-16

What the tax would cost here

State rate only · local rates stack on top

On a $500 order: $20.00
On a $1,000 order: $0.00 – $40.00
On a $2,500 order: $0.00 – $100.00
On a $10,000 order: $0.00 – $400.00

Clearing $1,000 is necessary but not sufficient in New York: the price also has to stay inside the premium cap. Which of the current offers clear it is worked out below.

How common is this answer

5 of 51 states treat bullion this way

Exempt34
No sales tax5
Above a threshold5
Taxed7

The rule, as New York writes it

New York exempts precious-metal bullion sold for investment only when a single invoice totals more than $1,000 AND the price depends only on metal content — meaning it may not exceed 115% of the daily closing bullion price for bars and ingots, 140% for silver coins, 120% for gold coins of a quarter ounce or less, and 115% for other coins. South African coins are excluded by name.

The state rate is 4%. Local rates are charged on top of it and are not included here.

Source: NY TSB-M-89(20)S — Exemption for Certain Precious Metal Bullion (Tax Law §1115(a)(27)) · read on 2026-08-16

Which of these actually qualify

New York exempts bullion only when the price “depends only on the value of the metal content” — a cap on premium, not just on order size. Every offer below is already measured against melt, so we can check each one against the tier that applies to it.

The dealer snapshot is unavailable right now, so there are no offers to check against the cap.

An assessment, not tax advice. The statute measures against the daily closing bullion price; we measure against live spot at the moment each offer was observed, so an offer near the line can fall either side of it on the day. Anything within a percentage point is shown as too close to call.

What silver costs from the dealers we check

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Check another rule

24 more states with a sourced rule

Gold price and bullion tax in New York →Every state’s rule on one page →

Tax information is a sourced, dated reading of a public document, not tax advice. Rules change; confirm with New York before a large purchase. Flag image: public domain via Wikimedia Commons.