Gold $2,623.20 1.18%
Silver $29.51 1.68%
Platinum $928.86 0.67%
Palladium $919.02 1.27%
McGruff Gold Dealers Oregon

Buy Gold Online in Oregon

The state of Oregon has a rich history with precious metals. In 1858, one of the world’s biggest gold mines was discovered in the Cascade Mountains, which sparked Oregon’s own gold rush.

With its loose tax laws, Oregon is one of the best states to invest in gold. The state is one of the few in the United States that doesn’t charge a sales tax on the gold spot price, making it easier and cheaper for local residents to purchase gold online from anywhere in the country.

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Oregon IRS Regulations

Federal capital gains tax applies to the sale of precious metals. Residents that sell precious metals for a profit have to pay a capital gains tax of 0%, 15%, or 20%, depending on the amount of income they make from the deal. However, the total tax cannot be more than 28% of the transaction value. The tax is payable only after the sale of the precious metal is complete.
Filing Status0%15%20%
SingleUp to $44,625$44,626 to $492,300Over $492,301
Head of householdUp to $59,750$59,751 to $523,050Over $523,051
Married filing jointlyUp to $89,250$89,251 to $553,850Over $553,851
Married filing separatelyUp to $44,625$44.626 to $276,900Over $276,901

IRS-Approved Precious Metals

A gold IRA is a retirement account that works exactly like a traditional IRA. The only difference is that it lets you invest in gold and precious metal products instead of paper assets like stocks and bonds.

Learn how to invest in silver and gold through an IRA, which potentially offers stability against market fluctuations. In order to keep precious metals in your gold IRA, they have to match the following requirements by the IRS:

Purity standards should be 99.5% for gold products, 99.95% for silver products, and 99.95% for platinum and palladium products.
Bars, rounds, and coins must be produced and distributed by refiners, assayers, or producers accredited or certified by NYMEX, COMEX, NYSE/Liffe, LME, LBMA, LPPM, TOCOM, and ISO 900. Moreover, the manufacturer should meet minimum fineness requirements of at least 99.5%.
Proof coins should be sold in original mint packaging, be in excellent condition, and have a certificate of authenticity.
Small bullion coins should be produced according to exact weight specifications (except for 100-ounce gold, 400-ounce gold, 1,000-ounce silver, 50-ounce platinum, and 100-ounce palladium bars).
Non-proof bullion coins should be in brilliant, uncirculated, and undamaged condition.

IRS-Approved Gold Products Include:

American Eagle bullion or proof coins
Australian Kangaroo or Nugget bullion coins
Australian Lunar Series coins
Austrian Philharmonic bullion coins
British Britannia (2013 or newer)
Canadian Maple Leaf coins
Chinese Panda coins
Credit Suisse – PAMP Suisse bars
U.S. Buffalo bullion coins

IRS-Approved Silver Products Include:

American Eagle bullion or proof coins
America the Beautiful coins
Australian Kookaburra coins
Austrian Vienna Philharmonic coins
British Britannia (2013 or newer)
Canadian Maple Leaf coins
Chinese Panda coins
Mexican Libertad bullion coins

IRS-Approved Platinum Products Include:

American Eagle bullion or proof coins
Australian Koala bullion coins
Canadian Maple Leaf bullion coins
Isle of Man Noble bullion coins
The only IRS-approved palladium product is the Canadian Maple Leaf coin.

IRS Forms

If you sell gold or another precious metal product in Oregon, you must report your profit to the IRS. The procedure includes filing Schedule D of Form 1040 on your annual tax return. However, certain precious metal sales must be reported at the time of sale using Form 1099-B. This is the case for transactions involving the following products:

90% silver U.S. dimes, quarters, or half dollars at a $1,000 face value
Twenty-five or more one-ounce gold Maple Leaf, Krugerrand, or Mexican Onza coins
One-kilogram or 1,000-troy-ounce gold and silver bars.

Oregon Taxes on Gold

Oregon doesn’t impose a statewide sales tax on the sale of precious metals of any type. Because of this, the state is one of the most popular for investors wanting to buy gold bars, coins, or bullion.

Gold Prices

The gold bar price or gold coin price is determined by the item’s weight and gold content. For example, gold bars that contain 99.9% gold are solely priced based on their face value.

Gold coins are also mostly priced based on their purity and weight. However, some older coins may be priced above their face value because of their rarity, scarcity, demand, and design elements.

Types of Gold Coins, Bars, and Bullion in Oregon

Whether you’re looking to buy silver, delve into the bullion exchange, or uncover the best place to buy gold, Oregon’s favorable conditions make it an attractive state for precious metal investments.

Gold coins can be of four types:

Bullion
These coins are collectible items that are valued for their historical and aesthetic significance. They can be obtained from certified gold dealers in physical stores and online. These coins also come with a certificate of authenticity.
Proof
Proof coins are high-quality coins with high purity standards that are produced in very limited quantities. They are manufactured by any of the U.S. Mints and also come with a certificate of authenticity.
Numismatic
These are old, collectible, and rare coins that are valued higher than their face value because of their artistry and scarcity.
Semi-numismatic
Semi-numismatic coins are bullion coins that also take attributes from numismatic coins. They are valued based on their rarity, scarcity, design, and purity.

Gold Bar Sizes

Gold bars can also be of four types:
Cast bars
Showcases modern precision with clean lines and a uniform matte finish, optimized for easy storage.
Minted bars
Highly refined, featuring high-gloss finish, sharp edges and tamper-evident packaging for added security.
Hand-poured bars
Uniquely shaped with slight imperfections, showcasing the traditional goldsmithing process.
Hand-poured, cast, and minted ingots
A blend of old and new techniques, offering an artisanal, rustic appeal.

Gold Buying Guide by State

Click on your state to learn more about investing in gold, silver, and other precious metals in your area.
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