Maryland Statutes
Subtitle 2 - Exemptions
Section 11-214.1 - Precious Metal Bullion and Coins

(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.

Structure Maryland Statutes