Buy Gold and Silver in South Dakota
South Dakota is lightly-populated, especially in the western part of the state. Agriculture and ranching are the largest sectors of the economy in South Dakota, with tourism, mining, and government spending accounting for much of the rest. The famous Black Hills and Mount Rushmore are found in South Dakota.
South Dakota has a long history of gold and silver mining. Much gold was found in the Black Hills, sparking a gold rush in the late 1800's. Gold mines, such as the one in the town of Lead, continued to operate until only recently.
Are There Taxes on Buying Gold and Silver Bullion in South Dakota?
Many coin and bullion items are exempt from sales tax in South Dakota. Exempt bullion items are any medallions, bars, or ingots made of gold, silver, platinum, or palladium, including any alloy of those metals. Exempt currency and coins are those which have been, or currently are, used as legal tender. Other numismatic items, such as tokens, are not exempt under this law as they do not fit the criteria for exemption. These types of items are subject to the South Dakota state sales tax of 4%. Additional local taxes can increase this rate even higher.
CBMint is not based in South Dakota and South 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. The South Dakota sales tax laws 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 South Dakota.
List of South Dakota Cities with Gold and Silver Dealers
Featured Gold and Silver Dealers in South Dakota (SD)
Listed below is a small sample of featured gold and silver dealers in South Dakota. If you would like to suggest any additional South Dakota coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Sioux Falls Coins and Collectibles
Housed in the Empire Mall in Sioux Falls, Sioux Falls Coins and Collectibles is one of the best coin dealers in Sioux Falls, doing business for more than 30 years. They buy and sell all manner of collectible coins, rare coins, certified coins, proof coins, mint sets, and exonumia. They also sell and buy gold and silver bullion, precious metal scrap, jewelry, antiques, paper money, and more. They offer product appraisals and are well-known for their knowledge and customer service.
1300 West Empire Mall
Sioux Falls, SD 57106
First Stop Gun and Coin
Like the name says, First Stop is a combination firearm and coin shop in Rapid City, South Dakota. They deal in firearms, but also have a large selection of rare and collectible coins. They are knowledgeable and are happy to assist both seasoned and new coin collectors. First Stop also buys and sells gold and silver bullion in the forms of bullion coins and bars. They buy silver, gold, and coins from the public, so their selection is always changing.
701 Main Street
Rapid City, SD 57701
Dakota Coin and Precious Metals
Dakota Coin and Precious Metals is one of the best gold and silver dealers in South Dakota. Located in downtown Rapid City, they specialize in gold and silver bullion products, including American Eagles, Canadian Maple Leafs, gold Buffaloes, gold Krugerrands, Chinese Pandas, world gold and silver coins, and much more. In addition to gold and silver coins, they offer a wide range of silver and gold bars from private mints around the world. They also have an extensive collectible coin selection, including rare US and world coins, high-grade US coins, certified coins, paper currency, jewelry, 90% junk silver, and scrap precious metal.
615 Saint Joseph Street
Rapid City, SD 57701
Aberdeen Gold and Silver
Currently the largest gold and silver dealer in Aberdeen, South Dakota, Aberdeen Gold and Silver is a family-owned bullion and coin shop specializing in gold, silver, and platinum bullion bars and coins. They buy and sell all forms of bullion, including jewelry, scrap gold and silver, bars, coins, and junk silver. They actively buy and sell bullion and coins from the public, so their wide product offerings are always changing.
12 6th Avenue Southwest
Aberdeen, SD 57401