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Louisiana has long played an important cultural role in American history, especially with popular music and film. The modern economy of Louisiana is also diverse, including agricultural products, coal and petroleum extraction, finance, tourism, and logistics. Indeed, the Port of South Louisiana is the biggest bulk cargo port in the world.
Residents of Louisiana have always heavily invested in gold and silver bullion, despite the lack of gold mining in the state’s history. Today, there are many top gold and silver dealers in Louisiana, especially in the New Orleans and Baton Rouge metro areas.
Are There Taxes on Buying Gold and Silver Bullion in Louisiana?
Beginning in 2013, there is a broad sales tax exemption when you buy silver, gold, and platinum in Louisiana. Numismatic coins are also fully exempt from the state sales tax rate of 4%. Unlike other states with tax exemptions for buying precious metals bullion, no minimum purchase is required in Louisiana to qualify for the sales tax exemption. Please note that other numismatic collectibles, such as tokens, paper currency, medallions, and non-legal tender coins are still subject to the state sales tax, along with any local or county sales and use taxes that may apply.
CBMint is not based in Louisiana, so residents of Louisiana 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. More about the applicable laws regarding investing in silver and gold in Louisiana can be read 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 Louisiana.
List of Louisiana Cities with Gold and Silver Dealers
- New Orleans
- Baton Rouge
Featured Gold and Silver Dealers in Louisiana (LA)
Listed below is a small sample of featured bullion and coin dealers in Louisiana. If you would like to suggest any additional Louisiana coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Southern Coins and Precious Metals
Located in the largest suburb of New Orleans, Southern Coins and Precious Metals is one of the best gold and silver dealers in Louisiana, with large selection of different bullion products. Common examples are silver bars, platinum coins, American Eagles, Gold Krugerrands, Canadian Maple Leafs, and many other world gold and silver coins. Southern Coins possessed in-house refining and assaying equipment, enabling them to accurately assay scrap gold and silver bullion. They also manufacture their own in-house .999 fine 1 ounce and 10 ounce silver bars. The Southern Coins website lists some products for sale, along with current silver and gold spot prices.
4513 Zenith Street
Metairie, LA 70001
James H. Cohen and Sons
Amazingly, James H. Cohen and Sons has been in business since 1898, making them the oldest and one of the best coin dealers in New Orleans, LA. They carry all manner of collectible US and foreign coins, including pre-1964 silver coins, pre-1933 US gold coins, Morgan silver dollars, ancient coins, colonial coinage, paper currency, proof coins, and mint sets. James H. Cohen is also the most renowned coin dealer offering rare gold coins produced by the now-defunct New Orleans branch of the United States Mint.
437 Royal Street
New Orleans, LA 70130
Blanchard and Company
A huge coin and bullion dealer, Blanchard was instrumental in the development of modern strategies of investing in gold bullion. A New Orleans fixture since 1974, Blanchard specializes in high-end rare coins, including many investment-grade coins that can be found on their website. They also carry an impressive array of gold, silver, and platinum bullion coins, bars, and rounds. Most commonly-found products are offered here, including American Gold and Silver Eagles, platinum bars, silver bars, Gold Libertads, Krugerrands, gold bars, and palladium bullion. Blanchard offers discounts when you buy precious metals bullion in bulk, and they post current silver, gold, and platinum spot prices on their website.
909 Poydras Street
New Orleans, LA 70112
United States Mint — New Orleans Branch
The New Orleans branch of the United States Mint operated from 1838 – 1861, as well as from 1879 – 1909. It was closed during the US Civil War period, as well as during post-war reconstruction. During its years of operation, the branch produced over 427 million gold and silver circulation coins of every US denomination. The New Orleans branch was established at the same time as the Charlotte branch and the Dahlonega branch, in order to meet the increased need for circulating coinage caused, in part, by population growth, but also by certain fiscal policies initiated by then-President Andrew Jackson. Coins produced here are highly collectible, especially gold issues like the gold Eagles and Double Eagles. All coins manufactured here carry the “O” mint mark. Today, the building still stands and is home to the Louisiana State Museum.
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