Buy Gold and Silver in Connecticut
What is present-day Connecticut was the first region in the US that was settled by Europeans. Today, Connecticut has the highest per capita income in the United States and is, therefore, often considered the wealthiest state. Historically, Connecticut was a center for manufacturing, especially firearms and shipping. Both Remington and Winchester were located in the state.
Investing in gold and silver bullion is popular among the affluent residents of the state, and there are many top gold and silver dealers in Connecticut to serve this population. New Haven and Bridgeport, especially, host many of the best coin and bullion dealers in Connecticut.
Are There Taxes on Buying Gold and Silver Bullion in Connecticut?
There are tax exemptions that apply when you buy silver and gold in Connecticut, along with certain coins and other precious metals bullion. The Connecticut sales tax laws regarding such purchases are rather complex, being dependent on both the types and amount of coins and precious metals purchased. Verbatim, the law gives a tax exemption for “Gold or silver bullion, legal tender of any nation, rare and antique coins. Sales of and the storage or use of rare or antique coins, gold or silver bullion and gold or silver legal tender of any nation, traded according to its value as precious metal, provided such exemption shall not be applicable with respect to any such sale, storage or use in which the total value of such bullion or legal tender sold by the retailer is less than one thousand dollars.”
Breaking that down, to be eligible for the exemption, the purchase must reach at least $1,000 in total. Additionally, coins are only exempt if they are legal tender coins of the US or a foreign nation, and bullion is only exempt if derives its value from the metal content and not its form. As a result, most Connecticut buyers looking to invest in gold and silver bullion, or rare coins, wait until they are ready to make a purchase exceeding $1,000, so they qualify for the exemption.
Please note -- other forms of precious metal bullion, such as platinum, palladium, rhodium, or ruthenium, are not considered exempt under the law, as the law only specifically exempts silver and gold bullion. Paper currency, tokens, medallions, and other numismatic items that are not legal tender are also excluded. For all such purchases, the full Connecticut sales tax rate of 6% is applied. Certain county and local use and sales taxes can raise this even further.
CBMint is not based in Connecticut, so residents of Connecticut do not have to pay any sales taxes when buying bullion online from CBMint. Please feel free to Browse our Selection of tax-free bullion products. More about the tax laws that pertain to buying coins and bullion in Connecticut can be read here:
Please note, we are not tax professionals or experts. Individuals are sometimes liable to pay local Use taxes. Contact your state and local tax authorities for all laws concerning taxes when buying bullion locally in Connecticut.
List of Connecticut Cities with Gold and Silver Dealers
Featured Gold and Silver Dealers in Connecticut (CT)
Listed below is a small sample of featured bullion and coin dealers in Connecticut. If you would like to suggest any additional Connecticut coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Brookfield Coin and Card
The founder of Brookfield Coin has decades of experience in the collectible coin industry, and the Brookfield Coin and Card shop welcomes buyers of all levels, from new coin collectors to experienced, high-end investors, a fact which makes Brookfield one of the best coin dealers in Connecticut. They buy and sell all manner of rare US coins, including mint sets, proof coins, Morgan silver dollars, slabbed coins, paper currency, foreign coins, pre-1933 US gold coins, and silver half-dollars. Brookfield sells and buys gold and silver bullion, especially gold and silver coins like American Gold and Silver Eagles, but their focus is mainly on collectible US and world coins. Brookfield also offers coin appraisals.
499 Federal Road
Brookfield, CT 06804
Sam Sloat Coins
One of the largest and best coin dealers in Connecticut, Sam Sloat has been in business since the 1960s. Sam Sloat offers a wide range of rare and historic US and foreign coinage, including proof coins, type sets, silver dollars, Walking Liberty half-dollars, pre-1964 90% silver coinage and junk silver coins, pre-1933 US gold coins, jewelry, and other numismatic collectibles. Sam Sloat also buys and sells scrap gold and silver, tokens, paper currency, and ancient coins.
In addition to their coin offerings, Sam Sloat is also one of the biggest and best gold and silver dealers in Connecticut, with a range of pure bullion products including silver bars, American Eagles, platinum coins, gold bars, silver rounds, and palladium bullion. Some of their products can be seen on the Sam Sloat website, where current silver and gold prices are also published.
606 Post Road East
Westport, CT 06880
World Treasures Mint
World Treasures Mint is a small, privately-owned mint operating out of Milford, Connecticut. They work mainly in silver, and manufacture a range of silver bars and ingots, including both solid silver bars (99% fineness or higher), and silver-clad ingots. They produce a large number of different styles, and employ many unique motifs on their silver art bars. Recently, the World Treasures Mint has begun producing solid gold bars and gold-clad bars, as well. Their website displays many items in their product lineup, as well as current spot prices for gold, silver, platinum, and palladium.
2 Broad Street #7
Milford, CT 06460
Good Ole Tom's
Located in East Hartford, CT, Good Ole Tom's is among the best coin shops in Connecticut, and certainly one of the best-known Connecticut coin dealers for over 50 years. Tom's is known for carrying an array of extremely rare and unique coins and collectibles. Their storefront is stocked with many high-grade US and foreign coins, including proof coins, mint sets, exonumia, graded coins, and US Gold Eagles and Gold Double Eagles. Antiques, postcards, precious metals jewelry, ancient coins, and silver and gold bullion coins. Tom's has a mail-in program, where they buy silver and gold scrap through the mail from Connecticut (and out-of-state) customers.
The store is also known as Tom's Coin World, and fittingly so -- the selection of coins and other numismatic items of interest is truly vast. Because Tom's Coin buys gold, silver, and rare coins and collections from the public, their selection is always changing. Be sure to visit Good Ole Tom's storefront to see everything that is on offer.
1100 Main Street
East Hartford, CT 06108
Olde Towne Coin Company
For over four decades, Old Towne Coin has been one of the leading coin dealers in Connecticut, being an ANACS, NGC, and PCGS certified coin dealer. The president of Old Towne Coin is an expert certified numismatist, and offers coin grading and appraisals. They buy and sell a huge range of historic and rare US coins, proof coins, foreign coins, paper currency, tokens, investment grade coins, coin collecting supplies, and much more.
Relatively recently, Olde Towne Coin has increased their precious metals business, and they are noted for helping Connecticut buyers invest in silver, gold, and platinum bullion. Their in-store bullion offerings include American Eagles, Canadian Silver Maple Leafs, South African Gold Krugerrands, European gold and silver coins, platinum bars, silver bars, and a large number of silver rounds. This expansive collection has turned Olde Towne into one of the largest and best gold, silver, and platinum dealers in Connecticut.
2600 Berline Turnpike
Newington, CT 06111