Starting January 1, 2026, Washington State will impose sales tax and B&O tax on precious metals and coins — ending over 40 years of tax exemption.

In response, coin and bullion dealers across the state have united to form the Washington Coin & Bullion Association (WCBA).

Our mission: repeal ESSB 5794 Section 105 Act 1 during the 2026 Legislative Session.

This new law will:

• Hurt small businesses

• Drive customers out of state

• Disincentivize investment in precious metals

• Put many dealers at serious financial risk

The state claims this will raise $64.6 million over four years, but their projections are flawed and ignore buyer behavior and lost sales to out-of-state businesses.

We’re Organizing — and Already Taking Action

• Lobbyists hired April 2025: Mark Gjurasic & Chester Baldwin (Lobbyist/Attorney)

• Testimony delivered in Olympia spring 2025 by multiple dealers

• $20,000 raised as of July 2025 by 14 dealers to kickstart our efforts in

• Strong legislative strategy underway

Mark and Chet bring decades of experience — including Mark’s work leading the successful 1985 repeal of precious metals tax.

WCBA Leadership

• Carolyn Beko, President – Redmond Rare Coins, Kirkland

• Brian Geraghty, Vice President – Northgate Rare Coins, Seattle

• David Anderson, Treasurer – Goldmine, Gig Harbor

• Jake Graham, Membership Director – American Coin & Vault, Spokane

• Craig Rhyne, Secretary – Washington Gold Exchange, Bellevue