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Puerto Rico does not currently have US statehood — it is an un unincorporated territory of the United States. The island has one of the strongest economies in Latin America, with manufacturing being the largest sector. Textiles, petrochemicals, electronics, and agricultural products make up most of the manufacturing of Puerto Rico.
Puerto Rico is not a center for gold or silver mining, although in the days of the Spanish Empire the island was a frequent stop for ships carrying gold and silver back to Europe. However, the large population of the island ensures that there are many top gold and silver dealers in Puerto Rico today.
Are There Taxes on Buying Gold and Silver Bullion in Puerto Rico?
Puerto Rico is not a state, but a Commonwealth of the United States. Puerto Rico does have sales and use taxes, just like many US States. Sales taxes do apply when you buy gold and silver bullion in Puerto Rico. All such purchases are taxed at the current sales tax rate of 6%. Municipal sales and use taxes may also increase this total higher.
CBMint is not based in Puerto Rico, so residents of Puerto Rico 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 Tennessee can be read here:
http://www.taxrates.com/state-rates/puerto-rico/
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 Puerto Rico.
List of Puerto Rico Cities with Gold and Silver Dealers
- San Juan
Featured Gold and Silver Dealers in Puerto Rico (PR)
Listed below is a small sample of featured bullion and coin dealers in Puerto Rico. If you would like to suggest any additional Puerto Rico coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Patino Fernandez, Victorino
SInce 1975, Patino Fernandez has been one of the best coin dealers in San Juan, Puerto Rico. With a wide selection of rare US coins, Latin American coins, and foreign coins, Patino Fernandez has something for collectors of all types. They are known for having low prices on coins, as well as low prices on their silver and gold bullion selection. The latter includes silver bars, gold coins, American Eagles, Mexican Libertads, and much more.
430 Callejon Tamarindo
San Juan, PR 00915
International Gold
A San Juan fixture, International Gold is among the best places to buy gold and silver bullion in Puerto Rico. Known for low price premiums on bullion products, their selection varies, but usually includes staples such as silver bars, American Eagles, Gold Krugerrands, fractional gold bars, and platinum coins. They also carry a range of numismatic coins, including Morgan silver dollars, Latin American and Caribbean coins, paper money, and collecting supplies. They post current silver and gold prices in their San Juan store, and actively buy gold and silver bullion from the public. Because of this fact, their selection often changes, so be sure to visit their storefront and see the latest product offerings.
1037 Avida Gleria San Pat
San Juan, PR 00920
(787) 707-0194
Pocket Change
Pocket Change is a Puerto Rico coin shop specializing in US and Latin American coins. Their selection includes coins of all grades, including some investment-grade coins. Included are Morgan silver dollars, 90% silver coins, US gold coins, world gold and silver coins, and gold and silver bullion, including silver bars. Pocket Change is known for having low prices on coins and bullion, and they offer top dollar when they buy silver and gold from the Puerto Rico public. They also post current platinum, gold, and silver bullion prices in their storefront.
1717 South Prairie Avenue
Pueblo Nuevo, PR 81005
(719) 561-0751
Product Selections on CBMint: Gold Silver Platinum Palladium All Products
