Ohio

Silver price in Ohio

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

Sales tax on bullion

Silver bullion is exempt in Ohio

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 Ohio writes it

Ohio exempts sales of investment metal bullion and investment coins with no dollar threshold. “Investment metal bullion” is defined by reference to IRC §408(m)(3)(B), so it carries that provision’s purity standard — low-purity bullion can fall outside it. An “investment coin” is any coin composed primarily of gold, silver, platinum or palladium. The exemption was repealed and later reinstated, so older guidance found online is often wrong.

Source: Ohio Revised Code §5739.02(B)(57) — exemption for investment metal bullion and coins · 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 Ohio →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 Ohio before a large purchase. Flag image: public domain via Wikimedia Commons.