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Maryland is one of the smallest and one of the most densely-populated US states. The economy of Maryland is based heavily on the state’s location — being near Washington, the government is among Maryland’s largest employers. Sea and rail transportation, fishing, agriculture, and manufacturing also play large roles.
There were gold mines in Maryland, even near Washington DC, though these have long since been exhausted. The high urbanization of the state ensures there are several large population centers, where most of the best gold and silver dealers in Maryland can be found. Baltimore, especially, hosts many top coin shops and bullion dealers.
Are There Taxes on Buying Gold and Silver Bullion in Maryland?
There is a sales tax exemption for buying gold and silver in Maryland. The law states that purchases of precious metals bullion or coins are exempt from tax, as long as the purchase price is at least $1,000. The law defines precious metal bullion as highly refined metal, where the worth of the item is from its metal content, not its form. Bullion coins that are monetized (have a face value) are also included in the exemption. Please note, there are many numismatic products that are not covered by this exemption, such as coins not made from precious metals, numismatic items that are not legal tender, such as tokens, and paper currency. All such items, as well as bullion and coin purchases under $1,000, are all subject to the Maryland sales tax rate of 6%.
CBMint is not based in Maryland, so residents of Maryland 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 buying silver and gold in Maryland 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 Maryland.
List of Maryland Cities with Gold and Silver Dealers
Featured Gold and Silver Dealers in Maryland (MD)
Listed below is a small sample of featured bullion and coin dealers in Maryland. If you would like to suggest any additional Maryland coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Located in a suburb, Hartford Coin has been one of the best Baltimore coin shops for over 50 years. Their selection is truly vast, featuring historic and rare US coins, proof coins, mint sets, ancient coins, world coins, graded coins, and investment-grade coins. They also carry other numismatic items, such as medals, tokens, and paper currency. Hartford Coin buys and sells gold and silver bullion, as well. They offer product appraisals and coin grading services.
8722 Satyr Hill Road
Parkville, MD 21234
Frederick Coin Exchange
Situated west of Baltimore on I-70, Frederick Coin Exchange has quickly become one of the gold and silver dealers in Maryland. Their selection of rare and collectible coins is also impressive. Frederick Coin maintains a staff of coin experts, who offer appraisals and grading services. Investors looking to buy coins in Maryland will find plenty to choose from among Frederick Coin’s array of rare US coins, Morgan silver dollars, 90% silver coins, world gold and silver coins, paper currency, exonumia, investment-grade coins, proof coins, and much more.
Frederick Coin is also one of the biggest silver and gold dealers in Maryland, moving millions of dollars of precious metals bullion every month. They carry gold, silver, platinum, and palladium coins and bars. Their website shows current silver and gold prices. Though they buy and sell silver and gold bars, their bullion offerings tend towards gold and silver coins, such as American Eagles and Canadian Maple Leafs.
25 Market Street North
Frederick, MD 21701
Baltimore Gold and Silver
For decades, Baltimore Gold and Silver has been among the best silver and gold dealers in Maryland. They buy and sell rare foreign and US coins, paper money, ancient coins, and other numismatic items. Their main focus, however, is on buying and selling silver and gold bullion in Maryland. They have a wide selection, including silver bars, American Eagles, gold Krugerrands, world gold and silver coins, and platinum coins. They are renowned for offering some of the cheapest silver bullion bars and coins in Maryland, and they have low prices on other gold and silver bullion products, as well.
113 Charles Street North
Baltimore, MD 21201
Certified Rarities focuses on high-end rare coins. Most of these investment grade coins are certified coins (slabbed coins), proof coins, or mint sets. Located in a north suburb of Baltimore, Certified Rarities strives to be the best coin dealer in the area, with a friendly and extremely knowledgeable staff. They offer grading services and appraisals, along with coin collecting supplies. They are both an NGC and PCGS approved coin dealer. Certified Rarities does buy and sell gold and silver bullion, mainly coins.
1447 York Road #310
Lutherville, MD 21093
Gaithersburg Coin Exchange
Gaithersburg Coin Exchange is one the largest and best coin dealers in Maryland, including the Washington DC area. Located just north of Washington, Gaithersburg Coin is officially recommended by the United States Mint. They offer a huge range of rare and collectible coins — both US coins and foreign coins. Though their inventory constantly changes, common coin staples are Morgan silver dollars, Peace dollars, Walking Liberty halves, proof coins, pre-1933 US gold coinage, certified coins, graded coins, paper currency, and 90% silver coins.
They also buy and sell silver and gold bullion coins and bars. They offer low prices on silver bullion bars and coins, and investors often go to Gaithersburg to buy some of the cheapest gold bars in Maryland. They are one of the top bullion dealers in the Washington area who buy and sell platinum bullion, with an impressive range of platinum bars and platinum coins, such as the American Platinum Eagle. Their website lists several products, as well as current gold, silver, and platinum prices.
16 Diamond Avenue East
Gaithersburg, MD 20877
The Maryland Mint
The Maryland Mint produces replicas of historic US coins, such as silver dollars, cents, nickels, and dimes. They do not mint gold and silver coins, though they do plate historic coins with gold or silver to make them appear historically-accurate. Other replicas include gold and silver bullion bars, although they, too, contain no actual precious metals. The Maryland Mint is known for their beautiful replicas and wide range of products.