Rhode Island

Silver price in Rhode Island

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

Sales tax on bullion

Silver bullion is exempt in Rhode Island

State rate: None recorded
Exemption threshold: None
Source read on: 2026-08-16

What the tax would cost here

State rate only · local rates stack on top

On a $500 order: $0.00
On a $1,000 order: $0.00
On a $2,500 order: $0.00
On a $10,000 order: $0.00

Nothing is owed at the state level on any order size, so premium and shipping are the whole cost difference here.

How common is this answer

34 of 51 states treat bullion this way

Exempt34
No sales tax5
Above a threshold5
Taxed7

The rule, as Rhode Island writes it

Rhode Island exempts precious metal bullion where the transaction is substantially equivalent to a transaction in securities or commodities. Bullion means a smelted or refined elementary precious metal — gold, silver, platinum, rhodium and chromium are named — valued on content rather than form. Fabricated metal processed for industrial, professional or artistic use is excluded.

Source: Rhode Island General Laws §44-18-30(24) — precious metal bullion · read on 2026-08-16

What this page cannot tell you

Whether tax is actually charged depends on the dealer, not only on where you live: a retailer collects sales tax in states where they have nexus.

Local city and county rates stack on top of any state rate shown here, and several exemptions cover investment bullion but not jewellery or collectibles sold well above melt.

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 Rhode Island →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 Rhode Island before a large purchase. Flag image: public domain via Wikimedia Commons.