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Indiana was grated statehood in 1816. Though the smallest US state west of the Appalachian Mountains, Indiana is home to a large population and a diverse economy, including agriculture and food processing, steel production, electronics, transportation, and other manufacturing. The pharmaceutical industry also plays a large role in the economy of Indiana. Historically, gold and silver mining never played large roles.
Indiana has a large population, and there are a large number of top Indiana gold and silver dealers to serve this population. The largest metro area, Indianapolis, is home to many great coin shops and bullion dealers.
Are There Taxes on Buying Gold and Silver Bullion in Indiana?
There is currently no sales tax exemption for buying gold and silver in Indiana. Coins, paper currency, all forms of precious metal bullion, and other numismatic items are also not exempt. Specifically, the law states that purchases of “gold, silver, or any other metal or alloy such as bullion, bars, ingots, or in any other shape, size, or condition” are all subject to the state sales tax of 7%. The law spells out exactly that buying coins in Indiana for more than the face value of the coin is considered a retail purchase, and is taxable. Stamps, exonumia, tokens, and jewelry are also fully subject to sales taxes in Indiana. Local districts may also add on additional taxes, increasing the cost of purchasing gold, silver, platinum, and coins in Indiana.
CBMint is not based in Indiana, so residents of Indiana 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. Laws regarding sales taxes when buying bullion and coins in Indiana can be read in 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 Indiana.
Local Gold and Silver Dealers in Indiana, by City:
Featured Gold and Silver Dealers in Indiana (IN)
Listed below is a small sample of featured bullion and coin dealers in the state of Indiana. If you would like to suggest any additional Indiana coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Gold and Coin of America
Gold and Coin of America has four locations in the state, making them one of the best coin dealers in Indiana. They actively buy bullion and coins from the public, so their large selection is always changing. They feature rare and collectible US and world coins, proof coins, certified coins, and other numismatic items. They buy and sell gold and silver bullion, including coins, rounds, and bars. Gold and Coin of America also sells and buys precious metal jewelry, scrap silver and gold, paper money, and stamps.
7765 East Washington Street
Indianapolis, IN 46219
Lost Dutchman Rare Coins
Among the largest coin dealers in Indianapolis, Indiana, Lost Dutchman is both a PCGS and NGC approved coin shop, specializing in collectible coins. They offer coin appraisals, coin imaging services, consignment, and investment advice. The selection at Lost Dutchman features historic and rare US coins, world coins, and certified coins, including Morgan silver dollars, Peace dollars, 90% silver US coinage, and much more. They have an eBay presence and their Facebook page is constantly updated with current silver prices, gold prices, and product listings.
4983 Franklin Road North
Indianapolis, IN 46226
Engle’s Coin Shop
For over 40 years, Engle’s Coin Shop has been one of the top coin shops in Indianapolis, IN. They buy and sell US rare and high-grade coins, world coins, and other numismatic items of interest. Engle’s is also one of the best silver and gold dealers in Indiana — they buy and sell gold, silver, and platinum bullion bars, coins, and rounds. Because they buy gold and silver bullion from the public, their selection is always in flux. However, they usually have a good range of common precious metals bullion products, such as American Eagles, Krugerrands, Canadian Maple Leafs, silver bars and gold bars. This wide array of products makes Engle’s Coin Shop a staple for many Indiana buyers who invest in silver and gold bullion.
3520 Founders Road
Indianapolis, IN 46268
Mr. Wimp’s Coins
For over five decades, Mr. Wimp’s Coins, located in Fort Wayne, has been among the best Indiana coin dealers. They offer low prices on silver, gold, and a wide range of US and world coins. Mr. Wimp’s offers one-on-one customer service, appraisals, and access to the vast knowledge of the staff. Their numismatic coin selection tends towards high-grade and rare coins, but their fine gold and silver bullion offerings are expansive. They also buy and sell precious metal jewelry, gems, and scrap gold and silver.
926 West State Boulevard
Fort Wayne, IN 46808
Probably the best coin shop in South Bend, Casper’s Coins is located due north of Indianapolis. Featuring a wide selection of both numismatic coins and precious metals bullion, Casper’s has really low product premiums, making them one of the cheapest places to buy gold and silver in Indiana. Casper’s Coins uses up to the minute spot prices on silver and gold to determine product pricing. Their range of bullion items includes American Eagles, silver bars, Canadian Maple Leafs, and many world gold and silver coins. Their collectible coin offerings include Morgan silver dollars, 90% silver coinage, pre-1933 gold US coins, as well as scrap platinum, silver, and gold.
214 North Dixie Way
South Bend, IN 46637
Indiana is home to the famous SilverTowne Mint, doing business in the state since 1949. SilverTowne is one of the biggest private mints in the United States, manufacturing a wide range of cheap silver bars. Rather uniquely, SilverTowne produces poured silver bars, instead of stamping. The texture and design of poured silver bullion bars is favored by many buyers who invest in silver bullion. SilverTowne manufactures 1 ounce, 5 ounce, and 10 ounce silver bars.
120 Union City Pike East
Winchester, IN 47394