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Since the Klondike gold rush of 1896, the history of Alaska has been inexorably tied with gold mining. Gold mining is still big business in Alaska, from small placer and sluice operations, to large, well-financed mining companies. It has been estimated that over 40 million troy ounces of gold have been mined in Alaska (over 1,370 short tons). Partly due to the long association Alaska has had with gold, Alaska residents are heavy investors in gold and silver bullion.
Despite the ties Alaska has had with precious metals, there are not very many gold and silver dealers in Alaska. Most are concentrated in Anchorage, the largest city in Alaska.
Are There Taxes on Buying Gold and Silver Bullion in Alaska?
Alaska does not have a state sales tax, so investors who buy gold and silver bullion in Alaska do not have to pay any state taxes. Purchasing coins, jewelry, scrap gold and silver, paper currency, and other numismatic products is also tax-free in Alaska. This freedom from sales tax makes Alaska one of the best places in the United States to buy gold and silver bullion bars, coins, and rounds. Please note that local counties and cities in Alaska can enact sales taxes, though most, currently, do not tax precious metals bullion.
CBMint is not based in Alaska and residents of Alaska 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. Even though no sales taxes are currently applied when buying gold and silver coins, bullion bars, and numismatic products in Alaska
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 and coins locally in Alaska.
List of Alaska Cities with Gold and Silver Dealers
Featured Gold and Silver Dealers in Alaska (AK)
Below is a listing of featured bullion and coin dealers in the state of Alaska. If you would like to suggest any additional Alaska coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Incredibly, Alascoin has been around so long that Alaska did not even have US statehood when Alascoin started doing business. For more than 50 years, Alascoins has been one of the best coin shops in Anchorage, Alaska, specializing in rare US coins, paper money, proof coins, and certified coins. Alascoins also buys and sells gold, silver, and platinum bullion, including silver and gold bars, rounds, and coins, and even the occasional gold nugget. Alascoins is renowned for having low prices on gold and silver bullion products.
3901 Old Seward Highway #2Anchorage, Alaska 99503(907) 561-2275
Oxford Assaying and Refining
Oxford Assaying and Refining has served residents of Anchorage for over three decades and is one of the best-known precious metals dealers in Alaska. They specialize in buying and selling gold and silver bullion, and their two stores (the other branch is located in Fairbanks, Alaska) carry a wide-range of precious metals bulloin products, including American Eagles, Canadian Maple Leafs, and world silver and gold coins. Not stopping there, they also feature an array of fine silver and gold bullion bars, ingots, and rounds. They also offer junk silver, as well as platinum and palladium coins and bars.
Oxford Assaying also has their own refinery, where they manufacture custom-designed coins and bullion products. They also mint coins and tokens in base metals, such as copper and bronze. Oxford works with customers wishing to create a unique design for a medallion, round, or token.
3406 Arctic BoulevardAnchorage, Alaska 99503(907)561-5237
Ray Brown’s Coins and Collectables
Supposedly the oldest coin shop in Anchorage, Alaska, Ray Brown’s Coins has a huge selection of rare US coins, proof coins, paper currency, mint sets, and certified coins. Ray Brown’s also has a wide array of fine precious metals bullion products, such as gold and silver bars, American Eagles, Silver and Gold Maple Leafs, junk silver, and rounds. Ray Brown’s is well-regarded for the personal attention they give to customers, and they help customers track down particularly hard to find rare coins.
3201 Spenard RoadAnchorage, Alaska 99503(907) 563-6708
The Alaska Mint
The Alaska Mint currently holds the distinction of being the northernmost mint or refiner in the United States. The Alaska Mint manufactures a large number of products, including custom gold and silver rounds and medallions, often with unique artwork commemorating the history and culture of Alaska. These have low mintages and are prizes by collectors, as well as investors who buy gold and silver bullion in Alaska. The Alaska Mint also manufactures a range of non-standard gold products such as knives and jewelry, as well as other specialized gifts. On occasion, the Alaska Mint sells gold nuggets mined throughout Alaska.
429 4th Avenue WestAnchorage, Alaska 99501(800) 770-6468
Uncommon Cents is small, yet one of the best coin shops in Alaska. Their selection is not as vast as some of the larger coin and bullion dealers in Alaska, but their expertise is second to none, and they are more than happy to help new and inexperienced coin collectors get their feet wet. Uncommon Cents also buys and sells fine gold, silver, and platinum bullion, and their selection often changes. Uncommon Cents is located in Palmer, Alaska, northeast of Anchorage.
10355 East Palmer-Wasilla HighwayPalmer, AK 99645-8821(907) 745-7887