Granted Statehood in 1850, California has long been associated with gold. Indeed, the 1848 California Gold Rush is a key event in the history of the American West. Though gold and silver mining are no longer big industries in California, the booming economy and population of the state are telling reminders of the importance of this state.
Today, California has the largest economy of any state and is the most populous US state, so it easily follows that there are a massive number of coin and bullion stores in California. Below you will find a list of featured gold and silver dealers, as well as a list of cities in California where you can locate even more bullion and coin shops.
CBMint is not based in the state of California, so California residents are not required to pay sales tax when buying bullion online from CBMint.com. If you are a California resident, feel free to Browse our Selection of tax-free bullion products. The California state sales tax is currently 7.25%. This applies to all goods and services, including when you buy silver and gold bullion in California.
When buying gold and silver in California if your purchase is over $1,500 and constrained to a single bullion dealer, an exemption is available. Specifically, under California Sales and Use Tax Regulation 1599: “Tax applies to sales of gold or silver bullion”, and “Tax does apply to sales of coins as collector’s items or as an investment.” The aforementioned exemption is explained under section three of the regulation, dealing with the bulk sale of monetized bullion, non-monetized silver or gold bullion, and numismatic coins as long as the purchase price is $1,500 or more. You can read the regulations in detail here:
http://www.boe.ca.gov/lawguides/business/current/btlg/vol1/sutr/1599.html
Please note that several cities and municipal areas within California also charge local sales taxes, which can push up the cost of buying gold and silver locally even higher. Remember, we are not tax experts or tax professionals. Individuals are sometimes required to pay local Use taxes. Contact your state and local tax authority for all laws concerning taxes when buying bullion locally.
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Listed below is a sampling of featured coin and bullion dealers in California. If you would like to recommend any California coin or bullion stores to add to this list, please feel free to Contact CBMint.
The Fresno Coin Gallery has recently expanded, now having three locations in Fresno and Visalia. They are a family-owned and operated business and have been in the coin and bullion industry for over 30 years. They carry a reputation of being devoted and passionate numismatists and investors, and actively buy coins and bullion from the public, ensuring a wide and varied product selection. The Fresno Coin Gallery is one of the best gold and silver dealers in Fresno, and a must-stop for those looking to buy gold and silver bullion in Fresno or Visilia. Their main location can be found at:
4616 North Blackstone Avenue
Fresno, California 93726
(559) 222-2646
The Alhambra Coin Center is a famed coin and bullion store, and likely the best gold and silver dealer in the greater Alhambra area. They offer a wide selection of bullion, numismatic products, and jewelry, and actively buy gold and silver back from the public. The Alhambra Coin Center has been in continuous business for over 40 years, and they also act as a coin and bullion wholesaler to other coin shops. A family-run business, Alhambra Coin also offers expert numismatic services, such as coin grading. Alhambra Coin also assists customers in setting up a Precious Metals IRA account.
254 East Main Street
Alhambra, CA 91801
(626) 282-1151
Liberty Coin has been in business for over five decades and is one of the largest and best gold and silver dealers in the region. Their product selection is massive, with ease of purchase facilitated by their online storefront. Liberty Coin’s wide selection includes gold and silver bullion, palladium and platinum bullion, numismatic products, certified and rare coins, world coins, jewelry, and more. They keep up-to-date gold and silver prices posted, and are very informed about the coin and bullion markets.
2201 East Willow Street, Suite AA
Signal Hill, CA 90755
(800) 400-0824
One of the best gold and silver dealers in Fair Oaks and the surrounding area, Baysavers has a huge selection that includes other collectible items of interest, such as jewelry, stamps, and even equipment for the panning of gold! Their coin section includes extremely rare and collectible coins, proof and certified coins, and precious metal scrap. They allow some limited online purchasing through their website, but gold and silver bullion products are not among the products sold in this way. Instead, Baysavers encourages investors looking to buy gold and silver in Fair Oaks to call them to get up to the minute gold and silver prices.
8548 Madison Avenue
Fair Oaks, CA 95628
(916) 961-9130
The Golden State Mint is a private mint, and one of the largest in the United States. For over 30 years, the Golden State Mint has manufactured a wide-range of gold and silver bars and rounds. GSM is also one of the few major producers of copper bullion products, with their copper bullion rounds being especially popular. Fractional silver rounds are another specialty of GSM. Golden State Mint does sell to the public, albeit with a minimum order size of 100 troy ounces of gold, silver, or copper bullion.
The San Francisco Mint is not a private mint – it is a branch of the United States Mint, a sovereign mint. The San Francisco Mint has operated since 1854 — indeed, its founding coincided with the California Gold Rush. Of the major US Mint branches, the San Francisco Mint usually had the lowest coin mintages, and during many years would produce no coins at all. Today, the San Francisco Mint concentrates on US Proof Coinage, leaving circulation coinage to the Denver and Philadelphia mints. The San Francisco Branch of the US Mint offers guided tours to the public.
The Great American Mint and Refinery is a private mint in Anaheim, California, producing a range of bullion bars and bullion rounds. They purchase gold and silver bullion directly from the public and from dealers, and use a recycling process to refine the metal for production.
