Maine

Updated: July 21, 2026

Flag of State of Maine

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Sound Money Score (x/7)

How the ME Score is Derived :

NOT IN PLACE - Exempt Sales Tax on PMs

NOT IN PLACE - Exempt Capital Gains

NOT IN PLACE - Legal Tender Recognition

NOT IN PLACE - State PM Depository/Holdings

NOT IN PLACE - Accept Tax Payment in PMs

NOT IN PLACE - Anti Confiscation Legislation

NOT IN PLACE - Protection of PM Contracts

Current Status in ME :

Maine has adopted few policies specifically supporting precious metals ownership. The state does not provide a general sales tax exemption for bullion or coins, meaning purchases of investment-grade precious metals may be subject to sales taxation. Maine also does not exempt capital gains from the sale of precious metals, so profits from bullion transactions remain subject to state income tax. The state has not recognized gold or silver as legal tender or created a special legal framework for their use in commerce.

Maine does not operate a state-owned precious metals depository or maintain publicly disclosed holdings of physical gold or silver. The state also does not accept taxes or other government payments in precious metals and has not enacted anti-confiscation legislation or specific protections for contracts denominated in precious metals. Overall, Maine remains a relatively limited state for precious metals policy, with no major sound money reforms currently in place.

Action Needed!

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