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North Dakota, formerly part of Dakota Territory, was given statehood in 1889. Until the 1970s, the economy of North Dakota was centered around agriculture. Though still playing a huge role, mineral and raw material extraction, especially oil, has skyrocketed as of late. North Dakota is now one of the leader producers of crude oil in the entire United States, and the booming economy has transformed the character of the state.
Though gold was found in North Dakota for a brief period, the state is not a substantial producer of gold and silver. Nevertheless, the residents of North Dakota have a long history of investing in gold and silver bullion, and, despite the relatively small population of the state, several top coin, gold, and silver dealers are scattered around the state.
Are There Taxes on Buying Gold and Silver Bullion in North Dakota?
North Dakota does not have sales taxes on most purchases of bullion products, coins, and paper monies. Specifically, the North Dakota tax code provides a sales tax exemption for sales of currency and coin that are legal tender in the United States or a foreign nation. The exemption also applies to buying precious metal bullion in North Dakota. However, the tax law only exempts precious metal bullion that has a fineness of at least .999, so many bullion products are not exempt from sales tax under this law. Such bullion products, along with numismatic items such as tokens, medallions, and other collectibles, are subject to the state sales tax of 5%, along with any local and county taxes that may apply.
CBMint is not based in North Dakota and North Dakota 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. Overall, the sales tax laws on coins and gold and silver bullion are friendly in North Dakota. The applicable tax law can be read in more detail here:
http://www.nd.gov/tax/salesanduse/pubs/guide/gl-21814.pdf?20130908164203
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 North Dakota.
List of North Dakota Cities with Gold and Silver Dealers
- Fargo
- Bismarck
- Grand Forks
- Minot
- Dickinson
- Williston
Featured Gold and Silver Dealers in North Dakota (ND)
Listed below is a small sample of featured gold and silver dealers in North Dakota. If you would like to suggest any additional North Dakota coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Treasure Island Coins and Precious Metals
Formerly a small coin shop located in West Acres Mall in Fargo, Treasure Island has expanded greatly in recent years, and moved to a large, new location. Treasure Island Coins and Precious Metals is currently one of the largest and best gold and silver dealers in North Dakota. They feature an impressive selection of rare US and world coins, including mint sets, proof coins, certified coins, Morgan silver dollars, and pre-1933 US gold coins. They are renowned as having the widest selection of collectible coins in the Fargo area. Their fine silver and gold bullion selection is equally as large, and they rourtinely carry American Eagles, Canadian Maple Leafs, fractional gold bars, silver bars, palladium and platinum bullion products. Treasure Island offers appraisals and actively buys coins and bullion from the public. Their selection often changes, so be sure to visit their showroom to see the latest bullion and coin products.
1429 42nd Street Street South
Fargo, ND 58103
(877) 332-6467
Northern Plains Coins
A relatively new coin shop in Fargo, North Dakota, Northern Plains Coins specializes in gold and silver bullion products, offering a wide selection of choices for any price range. Northern Plains Coins also carries a good selection of rare coins, proof coins, mint sets, and world coins. They offer appraisals and the owner and staff are extremely knowledgeable, and strong advocates of the importance of investing in gold and silver bullion. They buy coins and bullion from the publc and their offerings are always changing, so if you are looking for a particular rare coin, be sure to call ahead.
2425 Main Avenue
Fargo, ND 58103
(701) 297-0321
Bismarck Gold and Silver Exchange
For more than 30 years, Bismarck Gold and Silver Exchange has been one of the best coin and bullion shops in North Dakota. They concentrate on precious metals, especially gold, and their selection includes all the most popular bullion products, including Gold Eagles, Maple Leafs, Krugerrands, silver and gold bars, platinum and palladium bullion, and 90% silver coins. They also buy and sell scrap gold and silver metal. They do carry a range of high-end and rare coins, and are a PCGS and NGC certified coin dealer. They are known for having some of the lowest gold and silver bullion prices in North Dakota.
212 4th Street North #101
Bismarck, ND 58501
(701) 258-9438
Antique and Coin Exchange
Located in the Kirkwood Mall, Antique and Coin Exchange buys and sells a huge number of collectibles, including coins, jewelry, antiques, and bullion. Their bullion selection includes fine gold, silver, platinum, and palladium bullion products, 90% silver coinage, and scrap bullion. They buy and sell rare coins, proof coins, certified coins, and more. Be sure to visit their store and see their most recent product offerings.
722 Kirkwood Mall
Bismarck, ND 58504
(701) 222-8859
Tom’s Coin, Stamp, and Gem Shop
The largest and best coin, gold and silver dealer in Minot, North Dakota, Tom’s Coin has an absolutely huge selection of gold and silver bullion, stamps, coins, tokens, and sports cards, magazines, comics, and all manner of collecting supplies. Tom’s Coin is famous for having such a staggering array of collectibles from which to choose, though their specialty is coins. Rare coins, proof coins, high-grade US coins, world coins, pre-1933 US gold coins, ancient coins, Morgan silver dollars, and much more can be found at Tom’s Coins. They excel at helping collectors locate rare coins.
2 First Street Southwest
Minot, ND 58701
(701) 852 4522
Product Selections on CBMint: Gold Silver Platinum Palladium All Products
