New Jersey

New Jersey’s Gold & Silver Bullion Tax Laws

The state of New Jersey levies taxes (6.875%) on the sale of gold, silver, and platinum bullion. New Jersey also taxes capital gains on bullion. New Jersey residents must also pay United States federal capital gains taxes on bullion.

State Information

• New Jersey is a state in the Northeastern region of the United States and is bordered by New York, the Atlantic Ocean, the Delaware River, Pennsylvania, the Delaware Bay, and Delaware.
• In 1787, New Jersey became the 3^rd state in the United States.
• The capital of New Jersey is Trenton. Other cities include Newark, Jersey City, Paterson, Elizabeth, and Edison.
• New Jersey had a population of 9,288,994 in 2020.
• New Jersey’s real gross domestic product (GDP) was $656.48 billion in 2023, while the median household income was $97,126 in 2022.
• New Jersey’s largest industries include finance, insurance, real estate, professional and business services, education, healthcare, government and government enterprises, manufacturing, wholesale trade, information, and retail trade.

Economic and Personal Freedom Information

• New Jersey ranks #49 on the Sound Money Index that ranks states based on their friendliness toward gold and silver bullion.
• According to the Freedom in the 50 States report, New Jersey ranks #47 in overall freedom, #46 in economic freedom, and #35 in personal freedom.
• New Jersey ranks #46 on the Rich States, Poor States index, which evaluates states based on economic competitiveness by considering tax and regulatory burdens, as well as labor policies.