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Washintgon was granted statehood in 1889, and is currently the 13th most populous US State, though over 60% of Washington residents live in or near the Seattle metro area. Due to the mountains, Washington has a diverse climate and a widely-varied economy.
Given its large population, there are a large number of gold and silver dealers in Washington, especially in the Seattle and Spokane areas. The headquarters of the Northwest Territorial Mint is also based in Washington.
Are There Taxes on Buying Gold and Silver Bullion in Washington?
Although Washington has a high sales tax rate, under WAC 458-20-248 bullion and coin purchases are exempt. Specifically, the law states there shall be no sales taxes on “Sales of precious metal bullion and monetized bullion.” “Monetized Bullion” is defined as precious metals products that do not derive any value from their form, only the precious metal content. Eligible examples would be gold and silver bullion coins and bullion bars.
Numismatic coins and collectibles are still subject to sales taxes in Washington, especially if their form adds to their value, such as jewelry. Paper money is also still subject to sales tax in Washington. The current state sales tax rate in Washington is 6.5%, but areas also have additional local sales taxes. Seattle, notably, adds a 3% sales tax on top of the state sales tax. Because Washington has some of the highest sales tax rates in the country, many investors and collectors who reside in Washington prefer to buy coins and bullion online, where sales taxes can be avoided.
CBMint is not based in the state of Washington, so Washington residents do not have to pay any sales taxes when shopping with CBMint. Please feel free to Browse our Selection of tax-free bullion products. WAC 458-20-248 can be read in detail here:
http://apps.leg.wa.gov/WAC/default.aspx?cite=458-20-248
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.
Local Gold and Silver Dealers in Washington, by City:
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Featured Gold and Silver Dealers in Washington (WA)
Below you will find a sample of featured coin and bullion dealers in the state of Washington. Should you wish to recommend any Washington coin and bullion stores to add to this list, please feel free to Contact CBMint.
Crown Hill Coin and Stamp
A north Seattle fixture for over 40 years, Crown Hill Coin and Stamp has a wide selection of numismatic products including gold and silver coins. Postage stamps and other collectibles are also among their featured products. Investors looking to buy gold and silver bullion in Seattle also flock to Crown Hill Coin, as their impressive selection of bullion products, especially the selection of gold and silver bullion coins, is able to meet the needs of most investors. This selection includes Gold and Silver American Eagles, Canadian Maple Leafs, Krugerrands, and world gold and silver coins. Crown Hill Coin and Stamp does buy bullion products back from the public, so their selection and variety is always changing.
8343 15th Avenue Northwest
Seattle, WA 98117
(206) 789-5363
Northgate Rare Coins
Also based in north Seattle and doing business for over four decades, Northgate Rare coins specializes in rare US coinage and bullion products. Befitting their concentration on the US collectible coin market, Nortgate is PCGS and NGC certified and they do coin appraisals upon request, making Northgate one of the best places to buy coins and bullion in Seattle. Northgate Coins also has a weekly store-based silent auction and a bid board. In addition to their selection of rare US and world coins, Northgate buys and sells gold, silver, platinum, and even palladium bullion products.
11319 Pinehurst Way Northeast
Seattle, WA 98125
(206) 364-0090
Eugene Coin and Jewelry
On the list of the best gold and silver dealers in Oregon is Eugene Coin and Jewelry. Specializing in bullion products, Eugene Coin is one of the best places to buy gold, silver, platinum, or palladium in Oregon. They buy bullion back from the public and offer very competitive purchasing prices on gold, silver, and other forms of bullion. Their coin selection is also impressive, with a range of US gold and silver coinage, including pre-1933 US gold coins, Morgan Silver Dollars and Peace Dollars, and Seated Liberty coins. Their selection of silver and gold bullion coins is also vast. Eugene Coin is a certified dealer for both NGC and PCGS, and, as a result, offers coin grading services.
2472 Willamette Street
Eugene, OR 97405
(541) 683-8445
Bellevue Rare Coins & West Seattle Coins
These two coin and bullion stores in Seattle are part of the same family-owned company. They feature an impressive array of collectible coins, paper currency, and gold, silver, and platinum bullion products. Both of these coin shops in Seattle are PCGS and NGC authorized dealers, and they even provide free coin appraisals. They are renowned for helping customers locate rare coins. They do buy coins and gold and silver bullion back from the public.
4500 Southwest California Avenue
Seattle, WA 98116
(206) 938-3519
CoinsPlus
CoinsPlus is one of the best gold and silver dealers in Spokane, as they specialize in gold, silver, platinum, and other precious metals. CoinsPlus is also NGC and PCGS certified and provides coin appraisal services. They buy gold and silver bullion from the public, as well as rare US and world coins. CoinsPlus is also happy to offer its customers advice on investing in bullion.
3201 North Division Street
Spokane, WA 99207
(509) 444-0044
Rare Coin Galleries
One of, if not the best gold and silver dealer in Issaquah, Washington, Rare Coin Galleries features a wide selection of collectible coins and gold and silver products and has been in the industry for over 50 years. They specialize in collectible US coinage, with a reputation of helping customers track down hard to find issues. They also actively buy and sell gold and silver bullion, such as American Gold and Silver Eagles, 90% silver US junk coinage, and gold, silver, and platinum bars.
1175 Northwest Gilman Boulevard Suite B-16
Issaquah, WA 98027
(800) 774-7557
Northwest Territorial Mint
Northwest Territorial Mint was founded in the 1980’s in Federal Way, Washington. Though their actual production line has moved to Nevada, NWT still maintains their corporate headquarters and a bullion products retail store in Washington. Northwest Territorial Mint manufactures a wide range of gold, silver, platinum and palladium bullion bars and rounds, as well as specialty bullion products.
NWT is still one of the best places to buy gold and silver in Washington. The current NWT bullion retail store in Federal Way features, unsurprisingly, bullion bars and rounds manufactured by Northwest Territorial Mint. The selection is vast, including fractional silver rounds and bars such as half-ounce silver rounds and 5 gram silver bars. Stamped onto many NWT products is the Pan-American Silver trademark, owned by NWT.
2505 320th Street South
Federal Way, WA 98003
(800) 843-9854
Product Selections on CBMint: Gold Silver Platinum Palladium All Products
