Buy Gold and Silver in New Mexico
The state of New Mexico was given statehood only in 1912. Gold and silver mining have had long and storied histories in New Mexico. Those mining roots continue today -- residents of New Mexico are heavy investors in gold and silver bullion, jewelry, and artwork. The production of oil and natural gas, along with military spending, also make up a large part of the economy of New Mexico.
Despite being thinly settled, New Mexico has a large population exceeding 2 million residents. Serving those residents are a number of great coin and bullion shops, especially in the Albuquerque and Santa Fe areas.
Are There Taxes on Buying Gold and Silver Bullion in New Mexico?
New Mexico does not have a sales tax, per se. It has a Gross Receipts Tax, which is levied on the retail business instead of on the buyer. Naturally, most businesses in New Mexico simply pass that added cost on to the purchaser, so it acts, in effect, like a sales tax. The current Gross Receipt Tax rate in New Mexico is 5.125%, but many county and local disctricts have additional taxes that may apply when buying gold and silver in New Mexico. These added taxes can greatly increase the tax rate that applies when you buy bullion in New Mexico.
CBMint is not based in New Mexico and New Mexico residents 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. The state of New Mexico has no tax exemptions on the buying of coins, jewelry, gold, silver, platinum, and other forms of precious metals coin and bullion. The law can be read in more 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 bullion locally in New Mexico.
List of New Mexico Cities with Gold and Silver Dealers
Featured Gold and Silver Dealers in New Mexico (NM)
Listed below is a small sample of featured bullion and coin dealers in the state of New Mexico. If you would like to suggest any additional New Mexico coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
For more than 30 years, Albuquerque Coins has been one of the best places to buy and sell gold and silver in New Mexico. Not only is their gold, silver, and platinum bullion collection expansive, they also specialize in US coinage, paper currency, jewelry, junk silver, and other coins and collectibles. Albuquerque Coins offers a great range of silver and gold bullion coins, such as Canadian Maple Leafs, American Eagles, gold Krugerrands, and other world gold and silver coins. They also buy and sell silver and gold bars. Albuquerque Coins offers free appraisals and buys coins and bullion from the public.
3216 San Mateo Boulevard NE
Albuquerque, NM 87110
ABC Coin and Stamp
ABC Coin and Stamp is another top gold and silver dealer in Albuquerque, New Mexico. They have a tremendous selection of coins, including US coins, world coins, and even ancient coins. They also buy and sell paper money and coin collecting supplies. ABC Coin is renowned for offering a wide range of coins for any type of collector, from beginners to advanced numismatists. ABC Coin and Stamp also deals with other collectibles, such as stamps, tokens, old postcards, jewelry, proof coins, and mint sets. Their selection is always changing so be sure to call ahead.
3401 San Mateo Boulevard NE
Albuquerque, NM 87110
Southwestern Gold has been a top coin shop in Albuquerque, New Mexico for over 30 years. They are NGC and PCGS certified, and carry a wide-range of high grade US and world coinage. They also buy and sell gold and silver bullion, including American Eagles, Canadian Maple Leafs, and world gold and silver coins. They do buy gold and silver bullion, jewelry, and coins from the public, so their large selection is always changing.
6909 Menaul Boulevard NE
Albuquerque, NM 87110
Jim Coad Rare Coins
Another great coin shop in Albuquerque, New Mexico, Jim Coad Rare Coins has served the numismatic community of New Mexico for over 35 years. They specialize in rare US and world coinage, including high-end and certified coins. They offer free coin appraisals, and are happy to help customers locate hard to find and rare coins. Jim Coad Rare Coins also buys and sells other collectibles, such as postcards, jewelry, and exonumia.
3107 Eubank Northeast #17
Albuquerque, NM 87111
Premier Precious Metals
Premier Precious Metals is one of the best gold and silver dealers in Santa Fe, New Mexico, and has an extremely large selection of silver, gold, platinum, and even palladium bullion products. Their array of fine silver and gold bullion products is always in flux, but staples include American Eagles, Canadian Maple Leafs, and other world gold and silver coins. Premier Precious Metals also buys and sells rare circulation US and world coinage, jewelry, stamps, proof coins, mint sets, and ancient coins. The selection of US coinage at Premier Precious Metals is especially large, including silver Morgan and Peace dollars, 90% silver coinage, cents and nickels, and commemorative coins.
855-A Cerrillos Road
Santa Fe, NM 87505