Buy Gold and Silver in Michigan
Achieving statehood in 1837, Michigan is the only US state to be comprised of two separated peninsulas. Michigan has a long history of manufacturing, including aircraft, military equipment, food products, and, of course, automobiles. Insurance and information technology also comprise a large portion of the economy of Michigan. Mining has also played a significant role in Michigan, especially iron ore and copper mining. Before the rich iron deposits of Minnesota were found, Michigan was the leading US state for the production of iron ore.
Michigan has a large population, centered around the Detroit metro area. To serve the large population, there are several top gold and silver dealers in Michigan, especially in the Detroit area. Many top coin dealers are also scattered throughout Michigan.
Are There Taxes on Buying Gold and Silver Bullion in Michigan?
There is a sales tax exemption for buying gold, silver, and platinum in Michigan. This exemption is also extended to certain numismatic items. Michigan law specifically exempts silver, gold, or platinum bullion that with a fineness of at least .900, as long as the value of the product is dependent on the precious metal content, and not its form. Exempt numismatic coins are investment coins those which are minted in gold, silver, platinum, or other metal, and that are legal tender in the United States or a foreign nation. To be considered exempt, such investment coins must have a market value higher than their stated face value.
Please note -- there are several categories of numismatic items which do not qualify. Those which are not legal tender, such as tokens and medals, do not qualify. Paper currency also does not qualify. All of these types of items are subject to the Michigan state sales tax of 6%.
CBMint is not based in Michigan, so residents of Michigan 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. Further information on applicable sales taxes when buying bullion and coins in Michigan can be read in detail 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 coins and bullion locally in Michigan.
Local Gold and Silver Dealers in Michigan, by City:
Featured Gold and Silver Dealers in Michigan (MI)
Listed below is a small sample of featured bullion and coin dealers in the state of Michigan. If you would like to suggest any additional Michigan coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Birmingham Coin and Jewelry
Located in a suburb of Detroit, Birmingham Coin and Jewelry has recently moved to a larger location and expanded their product selection, making them one of the best gold and silver dealers in Michigan. Birmingham buys and sells a wide range of collectible and rare US coins, proof coins, investment-grade coins, paper currency, and precious metal jewelry. They sell and buy gold, silver, and platinum bullion, including bars, rounds, and coins such as American Eagles and Canadian Maple Leafs. They buy silver and gold from the public, including 90% junk silver, silver and gold scrap, and US and world coins. Birmingham Coin offers appraisals and their staff is regarded as being extremely knowledgeable.
7576 Hickman Road
33802 North Woodward Avenue
Birmingham, MI 48009
Jade Rare Coin
Located in Grand Rapids, Jade Rare Coin is among the best coin dealers in Michigan, with a large selection of rare and certified US coins, world coins, exonumia, and commemorative coins. Jade Rare Coin also buys and sells all manner of precious metals bullion, including gold, silver, and platinum coins, bars, and rounds. They also buy scrap silver and gold, jewelry, and 90% silver coins. Please note that their storefront is open by appointment only. They do maintain a constantly-updated website, which lists coin prices, as well as current gold and silver prices for their bullion products.
200 Ottawa Avenue Northwest
Grand Rapids, MI 49503
Silver Superior Coins
Another great Michigan gold and silver dealer located in a Detroit suburb, Silver Superior Coins (also called Redford Jewelry and Coin) specializes in collectible US coins. Their wide selection includes proof coins, mint sets, rare and investment-grade coins, pre-1933 US gold coins, 90% silver coins, and gold and silver world coins. They do sell and buy silver and gold bullion coins, as well, including American Eagles, Krugerrands, Maple Leafs, and other world gold and silver bullion coins. Redford Jewelry and Coin also buys coins and precious metals from the public, so their selection often changes. Their website lists current silver and gold prices, as well as pricing on many of their numismatic products.
25950 West Six Mile Road
Redford, MI 48240
Liberty Coin Service
For over 30 years, Liberty Coin has been one of the oldest and best Michigan coin dealers. Their new, larger store allows them to have an expanded selection of rare and collectible US coins, world coins, and silver and gold bullion. They are a PCGS, NGC, and ANACS approved coin dealer, and they offer coin appraisals to the public. Liberty Coin also buys and sells other numismatic items such as paper currency, tokens, medallions, and more.
2400 Frandor Avenue
Lansing, MI 48912
Westland Jewelry and Exchange
Another top Michigan coin and bullion dealer located in the Detroit suburbs, the product list at Westland emphasizes precious metals. They buy and sell gold, silver, platinum, and palladium coins, bars, and rounds. They buy and sell jewelry and precious metal scrap, as well. Westland does buy and sell collectible coins, such as rare US coins, silver and gold world coins, paper currency, and proof coins. They actively buy coins and bullion from the Michigan public, so their selection always is in flux.
28962 Warren Road
Westland, MI 48185