Arizona was the last of the continental US states to be granted statehood, this not being achieved until 1912. Arizona has a diverse economy, with transportation, tourism, healthcare, and government services accounting for a large portion thereof. Mining in Arizona also plays a role and has a storied history. Even today, copper mining is a major industry in the state and accounts for over two-thirds of the total copper output in the US.
Arizona has a large population, centered around the massive Phoenix metro area. This large population is served by a large number of great gold and silver dealers, especially in the greater Phoenix area. Arizona has relatively low taxes on bullion, a boon to local gold and silver investors. Due to the large number of local coin and bullion shops, investors have many options when purchasing precious metals bullion in Arizona.
Arizona does not generally charge sales taxes on bullion, coin, and currency purchases. Pursuant to Arizona tax law 42-5061(A)(21), sales of precious metals bullion and monetized bullion is not taxable in Arizona. Under this law, monetized bullion refers to any coinage made from gold, silver, or other precious metal that is legal tender in a state or country. The law defines precious metals bullion as any gold, silver, platinum, rhodium, or palladium product whose worth is entirely derived from the value of precious metal.
The fact that the state does not tax precious metal purchases makes Arizona a great place to buy buy bullion locally. However, although the state does not tax bullion sales, some cities and local governments have additional sales taxes that do sometimes apply to the purchasing of gold and silver bullion.
CBMint is not based in Arizona and residents of Arizona do not have to pay sales taxes when buying bullion online from CBMint. Please feel free to Browse our Selection of tax-free bullion products.You can read more about tax laws that apply when buying gold and silver in Arizona here:
http://www.azleg.gov/ars/42/05061.htm
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 Arizona.
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Listed below is a small sample of featured bullion and coin dealers in the state of Arizona. Should you wish to recommend any Arizona coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
For over 20 years, American Precious Metals has been one of the best coin and bullion dealers in Phoenix, Arizona. They specialize in investing in gold and silver, as well as high-grade coins. They are known for helping customers set up a Precious Metal IRA, or track down hard to find rare coinage to augment a collection. Their gold and silver bullion collection is extensive, featuring such famous examples as American Silver and Gold Eagles, Australian gold and silver coinage, and silver and gold bullion bars. They are also extremely knowledgeable about rare and certified coins.
2850 East Camelback Road #185
Phoenix, AZ 85016
(800) 522-4653
For over 40 years, CMI has been one of the top gold and silver dealers in Phoenix and the surrounding area. They cater to high-end investors who are looking to buy fine gold and silver bullion in Arizona. Though CMI has excellent gold and silver prices on their bullion products, they do have large order minimums. The high order minimums shut out some beginning investors, but for investors who are willing to make large gold and silver purchases in Arizona, CMI offers, in addition to low prices, excellent customer service. They willingly share their comprehensive knowledge about bullion investing, and even feature a guide to investing in bullion.
3800 North Central Avenue
Phoenix, AZ 85012
(800) 528-1380
The Coin Gallery has served the needs of Phoenix, Arizona coin and bullion investors for more than 30 years. They host a wide range of US and world coins, including proof coins, mint sets, and certified coins. Coin Gallery also offers some less-common gold and silver products, such as jewelry and silver bullets. The Coin Gallery offers coins and bullion in all sizes and grades, appealing to beginning investors as well as seasoned ones.
4224 West Dunlap
Phoenix AZ 85051
(602) 242-2931
For over a quarter of a century, Bullion and Coin Exchange has been among the best gold and silver dealers in Mesa, Arizona. They feature low premiums on coins and bullion products, as they accept only cash as a form of payment. Though sometimes inconvenient, this eliminates credit card processing fees, and they pass those savings onto their customers. Not only do they have a wide selection of US and world coins, their bullion section is also vast, with such stalwarts as the American Gold Eagle, Canadian Silver Maple Leaf, and gold Krugerrands. They also have a comprehensive website, where they list current gold and silver spot prices, as well as the premiums they charge over the metal spot price.
610 East Broadway
Mesa, AZ 85204
(480) 461-0963
American Federal Rare Coin and Bullion is based in a Phoenix, Arizona suburb and is well-renowned as one of the best coin dealers in Arizona. They offer a wide range of inexpensive US coins, including proof sets, certified coins, Morgan and Peace dollars, and pre-1965 silver coinage. They also buy and sell gold and silver bullion, offering great prices to their customers. One of the things that stands out about American Federal is the expertise of their staff, and their willingness to share investment advice with their customers. They publish free investing guide pamphlets, and are happy to answer questions about investing in gold and silver bullion.
500 Easy Street
Carefree, AZ 85377
(800) 221-7694
Based in Tucson, Glass Shoppe Coins is one of the oldest coin and bullion dealers in Arizona, being in business for over 50 years. They are a member of the American Numismatic Association and Glass Shoppe is famed for their fair pricing — they clearly display the bid and ask prices on all coin types and grades, and offer fair appraisals when buying coins, gold, and silver from the public. They also buy jewelry and scrap gold and silver. Their wide selection is always changing, so be sure to call ahead if you are looking for a particular coin or precious metal bullion product.
4325 East Broadway Boulevard
Tucson, AZ 85711
(520) 323-8811
The Scottsdale Mint is a world-famous private refiner of silver bullion products, and their products are sold around the world. They concentrate on silver bullion bars and rounds, most of which are stamped with their distinctive Lion-Head logo. The Scottsdale Mint also produces a range of “Silver Stacker Bars” — silver bullion bars with a unique shape that allows a tight fit when stacking. Scottsdale offers their wide range of silver bullion rounds and bars direct to the public, as well as to dealers around the world.
20701 North Scottsdale Road #107-266
Scottsdale, AZ 85255
(888) 745-2279
