Maryland Tax - General Section 11-214.1

      (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.