Buy Gold and Silver in Massachusetts
Massachusetts is a small New England state, yet is very densely populated. Manufacturing played a huge role in the state's early history, but today the economy is more diversified, with insurance, financial services, education, government, health care, biotechnology, and tourism comprising the largest sectors.
The large population of the state ensures that there are several top gold and silver dealers in Massachusetts, especially in the Greater Boston area. Massachusetts ranks comparatively high in per-capita income, and many of the well-to-do residents of the state heavily invest in gold and silver bullion.
Are There Taxes on Buying Gold and Silver Bullion in Massachusetts?
There are certain tax exemptions when you buy gold and silver in Massachusetts, as long as the total purchase price exceeds $1,000. Included in this exemption are rare coins of numismatic value, gold or silver bullion coins, and gold and silver tender of any nation which is traded and sold according to its value as a precious metal. Like several other states, Massachusetts makes an exception -- gold and silver bullion products from South Africa and Namibia are not granted sales tax exemptions. Notably, the South African gold Krugerrand, a popular gold bullion coin, does not qualify for a tax exemption. Other numismatic items like tokens, medallions, and paper currencies, also do not qualify. Note that only gold, and silver bullion are specified -- there is no tax exemption if you buy platinum or palladium bullion in Massachusetts.
The total purchase price must also reach at least $1,000; if you buy numismatic coins, or gold or silver bullion in Massachusetts and the total price is lower, the exemption does not apply and your purchases are then taxed at the state rate of 6.25%. Local, county, or city sales and use taxes may raise that total even further.
CBMint is not based in Massachusetts, so residents of Massachusetts 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. Click the link below to read more about the tax laws that pertain to buying coins and bullion in Massachusetts.
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 Massachusetts.
Local Gold and Silver Dealers in Massachusetts, by City:
Featured Gold and Silver Dealers in Massachusetts (MA)
Listed below is a small sample of featured bullion and coin dealers in Massachusetts. If you would like to suggest any additional Massachusetts coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Now one of the best coin and bullion dealers in Boston, MA, Kenmore was originally a sports card shop. Today they offer a full range of rare and historic US and foreign coins, including commemorative coins, proof coins, mint sets, pre-1933 US gold coins, 90% junk silver coins, Morgan silver dollars, Walking Liberty silver half-dollars, and a wide range of cents, nickels, and dimes in all grades. Kenmore Collectibles sells and buys gold and silver jewelry, along with precious metals scrap.
They carry a nice range of gold and silver bullion products, as well, including American Eagles, Canadian Maple Leafs, 1 ounce silver bars, gold bars, and silver rounds. They list current gold and silver prices on the Kenmore website, along with coin and bullion prices for many of their showroom items. However, the full range of coins and bullion available at Kenmore can only be seen by visiting their Boston location.
466 Commonwealth Avenue #103
Boston, MA 02215
Colonial Trading Company
Fittingly located in the Colonial District of Boston, the Colonial Trading Company specialized in early US and Colonial-Era coins, tokens, paper currency, and medallions. They are among the most knowledgeable and best coin dealers in Massachusetts, and are experts at grading and authenticating early and rare coins. Colonial Trading also sells ancient gold and silver coins, stamps, jewelry, and scrap silver. They also buy and sell gold, silver, and platinum bullion, especially bullion coins, such as American Silver Eagles ad Canadian Gold Maple Leafs.
102 Tremont Street
Boston, MA 02108
For over 30 years, Beantown Coins has been among the best silver and gold dealers in Boston, Massachusetts. Beantown has a wide range of historic and rare US coinage, including slabbed coins, investment grade coins, proof coins, and mint sets. They have an impressive range of silver dollars and half-dollars, including Franklin and Kennedy halves, Seated Liberty and Morgan silver dollars, Peace dollars, and circulation US gold coins, like the gold Double Eagle. Beantown also buys and sells silver and gold bullion from the Boston public, including bullion coins, rounds, and bars.
For a coin shop, Beantown has an active online presence. They often post silver and gold price specials to their Facebook and Twitter accounts, and Beantown maintains an up to date website, where select coins are listed for sale, along with current silver and gold price charts.
PO Box 890067
East Weymouth, MA 02189
Lincoln Stamp and Coin
One of the oldest and best coin dealers in Massachusetts, Lincoln Stamp and Coin has been doing business since the 1920s. Their wide storefront features a range of precious metals bullion, stamps, rare coins, and other numismatic collectibles. Among their top-end items are investment grade US coins and gold and silver bullion coins and bars. Included in the former are high grade Morgan silver dollars, Peace dollars, and pre-1933 US gold coins. They offer cheap silver and gold bullion products, including precious metals scrap, 90% junk silver coinage, and silver and gold bars with low premiums.
Lincoln Stamp does not end there -- they buy and sell postcards, antiques, ancient coins, proof coins, mint sets, rare foreign coins, silver rounds, and exonumia. They are a full-service Massachusetts coin dealer, as they also offer collecting supplies, coin grading and authentication services, free appraisals, and an in-house silent auction board. They buy coins, silver, gold, and platinum bullion from the public, so their wide selection often changes. Be sure to visit their Worcester, MA storefront to see the latest coin and bullion offerings.
372 Chandler Street #LL1
Worcester, MA 01602
Coin and Card Exchange
The Coin and Card Exchange is a small, locally-owned business, and one of the best gold and silver dealers in Massachusetts. Located in Springfield, the Coin and Card Exchange is known for having low silver and gold prices on their bullion products, and for paying top dollar when they buy gold and silver bullion from the Massachusetts public. They also maintain a wide selection of collectible and rare US and foreign coins. They do use a website to list gold and silver prices, or coin pricing -- instead, they ask you telephone ahead to get current prices on their products.
524 Allen Street
Springfield, MA 01118