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Missouri is a large state with varied geography — the northern part of the state is prairie, while the southern half is mountainous. The varied geography leads to a varied economy, with agriculture and food processing playing a large role in the north, and manufacturing and mining being more prevalent in the south. Tourism, biotech, and banking also make up large portions of the economy.
In the past, some gold and silver were mined in Missouri, but most of the mining activity today is comprised of lead, coal, and stone. The large population of Missouri is centered around St. Louis and Kansas City, where many of the best Missouri gold and silver dealers are located.
Are There Taxes on Buying Gold and Silver Bullion in Missouri?
There is a sales tax exemption for buying gold and silver bullion in Missouri, as well as investment-grade coins. The law defines bullion as any gold, silver, platinum, or palladium with a fineness of at least .900, and whose value is derived entirely from the precious metal content, and not from the form of the item. The law defines “investment coins” to be “Numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium or metals with a fair market value greater than the face value of the coins.” This broad exemption covers most purchases of investors looking to buy coins and bullion in Missouri. However, certain numismatic items, such as tokens and paper currency, are not exempt, and subject to the state sales tax rate of 4.225%. Additional local and city taxes can bring the rate even higher.
CBMint is not based in Missouri, so residents of Missouri 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. You can read more details about the tax laws that apply when buying bullion and coins in Missouri here:
http://www.moga.mo.gov/statutes/C100-199/1440000815.HTM
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 Missouri.
List of Missouri Cities with Gold and Silver Dealers
- St. Louis
- Springfield
- Kansas City
- Columbia
- Branson
- Jefferson City
Featured Gold and Silver Dealers in Missouri (MO)
Listed below is a small sample of featured bullion and coin dealers in Missouri. If you would like to suggest any additional Missouri coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Scotsman Coin and Jewelry
A St. Louis coin and bullion dealer with a good product balance, Scotsman is among the best coin dealers in Missouri. They carry a range of high-grade and rare US coins, though they sell most of these at auction. Their storefront has a mixed selection of US and world coins, proof coins, silver dollars, and precious metal jewelry. They also sell and buy gold, silver, platinum, and palladium bullion. They offer wholesale discounts for buying silver in quantities greater than 100 troy ounces, and quantities greater than 10 troy ounces of gold. Their website publishes up to date spot prices for silver, gold, platinum, and palladium.
11262 Olive Boulevard
St. Louis, MO 63141
(314) 692-2646
Missouri Coin Company
Also located in St. Louis, the Missouri Coin Company is one of the top coin shops in Missouri, as they maintain a relationship network with other dealers across the country, enabling them to locate difficult to find and rare coins. They are well-regarded as being friendly and knowledgeable, readily giving advice to coin collectors, as well as buyers looking to invest in silver and gold. Their product selection includes investment-grade coins, world coins, pre-1933 gold US coins, and proof coins. Missouri Coin also buys and sells fine gold, silver, and platinum bullion coins and bars. They maintain a website which publishes their buy, sell, and spot prices for gold and silver bullion.
11718 Manchester Road
St Louis, MO 63131
(314) 965-9797
Crestwood Coin and Jewelers
For over 20 years, Crestwood Coin has been one of the best silver and gold dealers in St. Louis, MO. They have a wide selection of different types of products, including precious metals jewelry, scrap silver and gold, 90% junk silver coins, rare and certified coins, and even a selection of antiques. They buy and sell gold and silver bullion of most types, including American Eagles, Canadian Maple Leafs, world gold and silver coins, silver bars, gold bars, and a variety of precious metal rounds. Crestwood Coin also offers paper currency, other numismatic items such as tokens, and collecting supplies. They buy bullion and coins from the Missouri public, so their selection is ever-changing.
10021 Watson Road
St. Louis, MO 63126
(314) 821-7878
Americana Collectors
An NGC and PCGS authorized Missouri coin dealer, Americana Collectors focuses on rare and collectible coins. Their selection includes slabbed coins, investment-grade coins, silver and gold coins, world coins, proof coins, mint sets, exonumia, stamps, gems and other numismatic items of interest. They also buy and sell gold and silver bullion, including precious metals scrap, gold and silver bars, and bullion coins, such as American Eagles, Krugerrands, British Britannias, and Canadian Maple Leafs. They also buy and sell platinum and palladium coins and bars in many different sizes. Americana Collectors also offers coin appraisals.
14100 42nd Street East Terrace #A
Independence, MO 64055
(816) 373-0040
The Ozark Coin Company
Ozark Coin Company has a huge range of coins and bullion for collectors and investors of any budget. They actively help new Missouri buyers invest in gold and silver, as well as high-end collectible coins. Their coin selection includes pre-1933 US gold coins, Morgan silver dollars, 90% silver US coinage, large and small cents, nickels, and paper currency. They also have a wide selection of precious metal bullion, including gold, silver, platinum, and palladium. They post current silver spot prices, gold spot prices, and up to date platinum and palladium prices, as well. They buy numismatic coins and bullion from the public, so their large selection is always changing.
2551 South Campbell Avenue
Springfield, MO 65807
(417) 868-8877
Product Selections on CBMint: Gold Silver Platinum Palladium All Products
