Maryland's Self-Inflicted
Sales Tax Wound

In July 2025, the Maryland legislature removed this state's sales tax exemption for coins and bullion. Yet Delaware, Virginia, Pennsylvania, and West Virginia (and most other states) maintain their tax exemptions, placing Maryland businesses at a sharp disadvantage. As a result of the tax, there has been a collapse in Maryland precious metal sales as business flees to other states.

You do not have to pay Maryland sales tax on most coins and bullion at LSCEX if you choose to transact nearby. We will be available near New Church, VA and Selbyville, DE to conduct higher value tax-free sales. Ask for details when you visit the shop.

Fighting the Bullion Tax and Restoring Parity with Nearby States

Maryland coin and bullion dealers have seen business plummet as much as 80% as the tax drives coin and bullion customers and dealers elsewhere. Yet while killing small businesses, the tax won't serve any significant purpose: Taxable in-state bullion transactions are now nearly nonexistent, so the revenue that Maryland collects is very small. It is truly a lose-lose situation.

And while money doesn't flow into the State's coffers, economic activity is reduced because the tax prevents the growth - and even survival - of coin and bullion-based businesses (less investment, fewer employees, fewer taxable sales, e.g. of supplies and books, etc.).

Coin and bullion dealers are working to repeal the law, and in early 2026 there is cause for optimism. HB 0500, introduced by Worcester County's own Delegate Wayne Hartman, and its sister bill in the State Senate, SB 0309, introduced by Senator JB Jennings of Hartford County would eliminate the unworkable sales tax imposed on coins and bullion in the State of Maryland.

If you live in Maryland, please reach out to your State Delegate and State Senator to express your support for HB 0500 and SB 0309.