# Tax - General (GTG)

## Title 11. Sales and Use Tax

### Subtitle 2. Exemptions

#### Section 11-214.1

(a) In this section:

  (1) "precious metal bullion or coins" means:

    (i) any precious metal that has gone through a refining process and is in a state or condition such that its value depends on its precious metal content and not on its form; or

    (ii) except as provided in paragraph (2) of this subsection, monetized bullion, coins, or other forms of money that:

      (1) are manufactured from precious metals; and

      (2) are or have in the past been used as a medium of exchange under the laws of the State, the United States, or a foreign nation; and

  (2) "precious metal bullion or coins" does not include jewelry or a work of art made of precious metal bullion or coins.

(b) The sales and use tax does not apply to a sale of precious metal bullion or coins if the sale price is greater than $1,000.

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Md. Code Ann., Tax-Gen. (as displayed at mgaleg.maryland.gov, October 16, 2026)