Real Impacts, Real Progress, We need YOU Now!

Real Impacts, Real Progress, We need you now!

Dear WCBA Members, Prospective Members and Supporters,

The new Washington sales tax on precious metals and bullion been in effect for more than one week, and we are already seeing the negative consequences we warned lawmakers about. Two large coin shows have been cancelled or moved out of Washington.

Dealers across the state are experiencing huge sales declines, customers walking out frustrated, and widespread confusion at the counter over how the tax applies. Consumers who purchase gold and silver as a hedge against inflation are being hit immediately, and many are simply choosing not to buy at all.

At the same time, there is very encouraging progress to report.

Legislative Progress – January 2026 Session

The Washington legislative session begins today January 12, and the entire Washington Coin & Bullion Association Board continues to work aggressively to have the precious metals tax exemptions reinstated during this 60-day session.

  • House Bill 2115 (HB 2115)
    Our pre-filed House bill now has TEN sponsors, a strong and growing show of support.

  • Senate Bill 5894 (SB 5894)
    We have also pre-filed SB 5894 with bipartisan support:

    • Prime Sponsor: Senator Marcus Riccelli (D)

    • Co-Sponsors: Senator Chris Gildon (R) and Senator Manka Dhingra (D)

This bipartisan momentum is extremely encouraging and reflects a growing understanding that these taxes are harmful, regressive, and economically counterproductive.

We Need Your Help More Than Ever

If you have already donated to WCBA, thank you. Your support is directly funding our professional lobbyists as they work daily with lawmakers in Olympia.

If you have not yet donated — or if you have not donated at the recommended level for your business — please consider doing so now. Our ability to sustain this fight depends on it.

How to Donate:

Please Take a Few Minutes to Support Our Bills

Olympia needs to hear not only from dealers, but also from regular consumers who buy gold and silver and are being affected by these new taxes.

Submit public comments:

After commenting, please take one more step:

  • Find and contact your two State House Representatives and urge them to co-sponsor HB 2115:
    https://app.leg.wa.gov/districtfinder

  • Contact your State Senator using the same link and urge them to co-sponsor SB 5894.

Willing to Testify?

If you are a WCBA member (or intend to join) and are willing to testify via Zoom during session, please let me know. Legislators value hearing directly from both business owners and consumers.

Recent Media Coverage

Below are several recent media pieces highlighting the real-world impacts of the new tax:

Thank you for standing with us as we work to restore Washington’s long-standing recognition of precious metals as savings and investment assets that should not be taxed.

With sincere appreciation,
Carolyn Beko
President, Washington Coin & Bullion Association
cb@redmondrarecoins.com

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