Sometimes referred to as “America’s Heartland,” Iowa, to outsiders, is most famous for its widespread cornfields, though the economy of Iowa is, today, greatly diversified. Agriculture remains an important part, though manufacturing, insurance, and finance make up large portions of the economy, as well. Historically, small deposits of gold and silver were found in Iowa, though silver and gold mining to not contribute greatly to the overall economy of the state.
The population of Iowa is concentrated in the greater Des Moines area, where most of the best gold and silver dealers in Iowa are located. There are several more coin shops Iowa, scattered throughout the state.
There is a sales tax exemption for buying gold, silver, platinum, and palladium bullion in Iowa, as well as for buying coins in Iowa. Specifically, the law states that the sale of coins, bullion, or currency is exempt from sales tax. Iowa law defines bullion as any amount of gold, silver, palladium, or platinum where the entire value is derived from the precious metal content. Iowa law exempts coins and currency that have been, or will be used, as legal tender in any nation. Non-exempt products, including numismatic items like tokens and medallions, are not exempt and subject to the current Iowa sales tax of 6%.
CBMint is not based in Iowa, so residents of Iowa 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 Iowa can be read in detail here:
http://www.iowa.gov/tax/educate/79120.pdf
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 Iowa.
Listed below is a small sample of featured bullion and coin dealers in the state of Iowa. If you would like to suggest any additional Iowa coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
One of the best gold and silver dealers in Iowa, Capital City Coins and Bullion has a wide range of both precious metals products and coins, including slabbed coins, investment-grade coins, proof coins, world coins, and more. They sell and buy gold, silver, and platinum bullion bars, coins, and rounds, and they are known for having some of the lowest gold and silver prices in Des Moines. They buy gold and silver jewelry, precious metal scrap, paper money, and other numismatic and collectible items. They give free appraisals and are even willing to open up the store for after-hours appointments.
7576 Hickman Road
Des Moines, IA 50324
(515) 276-9352
Christopher’s FIne Jewelry and Rare Coins specialize in gold and silver jewelry, as well as rare US and world coins. They do buy and sell fine gold, silver, platinum, and palladium bullion, including bullion bars, coins, rounds, and even precious metal scrap. They have gold and silver bars in all common sizes, and many popular silver and gold coins, such as American Eagles, Canadian Maple Leafs, Krugerrands, and more. This wide selection makes Christopher’s a perfect stop for beginning buyers looking to invest in gold and silver. They offer appraisals for a fee, but the fee is waived if Christopher’s ends up purchasing the coins or bullion.
3427 Merle Hay Road
Des Moines, IA 50310
(515) 251-4031
Quad City Coin, though a small family-run business, is one of the best coin shops in Iowa, specializing in rare US and world coins. The staff often travels to regional trade shows and coin stores, ensuring their coin selection is always changing and featuring some exceptional rare and high-grade coins. Quad City Coins is an ANA and INA member.
2395 Tech Drive #10
Bettendorf, IA 52722
(563) 332-9189
Also located in the Quad Cities, Royal Metals Group is one of the best silver and gold dealers in Iowa. They concentrate on gold and silver bullion and largely ignore collectible coins, except ones minted in precious metal. They offer advice to buyers looking to buy silver and gold bullion, and they help investors enroll in monthly silver buying programs, as well as Precious Metals IRAs. Their product selection includes fine gold and silver bullion bars, coins, and rounds.
2420 18th Street
Bettendorf, IA 52722
(877) 234-0472
Ron’s Coins is among the best coin dealers in Iowa. Located in Cedar Rapids, Ron’s Coins does not have scheduled hours of operation — they operate by appointment only. Ron’s buys and sells rare and historic US and world coins, including proof coins, investment-grade coins, certified coins, and mint sets. Ron’s Coins does buy gold, silver, platinum, and palladium bullion, precious metal jewelry and scrap, and other numismatic items. Their most common gold and silver bullion products are American Eagles, Canadian Maple Leafs, and various silver bars. They offer appraisals, and one-on-one personalized service.
222 3rd Street SE #417
Cedar Rapids, IA 52401
(319) 365-6108
