Utah is known for its beautiful landscapes, outdoor activities, and thriving economy. It’s also a great place to buy and sell precious metals like gold and silver. Whether you’re an investor looking to diversify your portfolio with gold silver or a collector searching for unique pieces, many local dealers and online options for precious metal are available in Utah.
Utah is located in the western United States and has over 3 million people. Its capital city is Salt Lake City, also the state’s largest city. Utah’s diverse economy has significant contributions from the mining, tourism, government services, and technology industries among other minerals.
Gold and Silver Dealers in Utah, by City
If you’re looking to buy or sell gold or silver in Utah, many local dealers are available throughout the state. Here are some of the top gold and silver dealers, by city:
- Salt Lake City: Olympus Gold and Rare Coins, Monarch Coin
- Provo: American Coin
- St. George: Rare Legacy Coins
Utah State Sales Tax Laws?
When buying gold or silver or most forms of precious metal bullion in Utah, it’s essential to understand the state sales tax laws. Currently, purchases of silver coins issued precious metals bullion products are exempt from state sales tax if they meet specific criteria set forth by the state.
Are There Taxes on Buying Gold and Silver Bullion in Utah?
As mentioned above, there are currently no other state taxes or sales taxes on purchases of precious metals bullion in Utah that meet certain criteria. However, this may be subject to change, so it’s always best to check local sales taxes and use tax amount with your dealer before making any purchases.
Local Precious Metals Companies
In addition to the tens of millions of local dealers specializing in buying and selling precious metals like gold and silver, several companies based in Utah produce these metals themselves. These gold and silver mine include:
- Provident Metals
- Scottsdale Mint
- Intaglio Mint
Online Coin Dealers
For those who prefer to shop online for their local precious metals dealers graded coins and other precious metal mine needs, many reputable online coin dealers are available that ship directly to customers within Utah. Some popular coin mine options include:
- JM Bullion
- SD Bullion
Utah Depository Laws?
Utah has established itself as a leader among states in protecting individual ownership considered legal tender of its currency and precious metals through legislation such as The Specie Legal Tender Act (SLTA) passed in 2011. This law allows individuals who own gold or silver coins minted by the federal government to use them as legal currency and tender within the state.
Local Gold and Silver Mints in Utah
In the state st in addition to companies that produce gold and silver bullion and products themselves, as Provident Metals and Scottsdale Mint mentioned earlier – there are also mints located within the state that produce unique pieces of gold and even silver bars and bullion, including:
- Osborne Mint (Cincinnati)
- Mulligan Mint (Dallas)
For investors looking for secure storage facilities outside their homes – several depositories operate within the Utah & State of Texas, offering allocated storage programs with transportation services included, if necessary, pay locally to – including:
- International Depository Services of Delaware
- Texas Precious Metals Depository
- Brink’s Global Services USA Inc.
Safest Places to Buy and Sell Gold and Silver Bullion
Investing in gold and silver bullion is a popular way to diversify portfolios, protect assets, and hedge against inflation. But where can you buy or sell gold and silver coins of these precious metals safely? Here are some tips on the safest places to buy and sell gold and silver bullion.
What Does a Bullion Dealer Do?
A bullion dealer is a business that buys and sells precious metals like gold, silver, platinum, and palladium in the form of coins, bars, or rounds. These gold mine dealers typically operate online or through brick-and-mortar stores, offering competitive prices for buying or selling precious metals.
Do Banks Sell Bullion?
While some banks may offer services related to buying or using bullion coins and selling certain precious metals elsewhere, most do not sell their bullion coins or products directly to customers. Instead, investors should look for reputable bullion dealers specializing in this area.
Who is the Most Reputable Gold Dealer?
Many reputable gold and platinum bullion and silver dealers, nationwide have established themselves as trusted sources for buying or selling gold and silver bullion coins. Some of the most well-known include:
- JM Bullion
- Agate Precious Metals
- Provident Metals
When choosing a dealer, it’s essential to research ahead of time by reading reviews from other customers and checking their accreditations with organizations like the Better Business Bureau.
Where Can I Get the Most Money for Coins?
If you want to sell coins for cash, several options are available depending on your goals. Some of the best places to get top dollar for your rare coins to include:
- Auction houses: Auction houses can be an excellent option for rare or valuable coins since they attract collectors willing to pay top dollar.
- Coin dealers: Local coin dealers can also provide fair prices for your coins based on their condition, rarity, and current market value.
- Online marketplaces: Websites like eBay or Craigslist can be good options if you’re comfortable selling online but aware of potential scams.
Where is the Safest Place to Buy Coins?
When it comes to buying coins safely, there are several things you can do to reduce risks. One option is to work with reputable gold silver coin dealers who have established themselves as trusted sources within the industry. You can also look for companies that offer guarantees on their silver products” authenticity or purchase from government mints directly.
How Much Is My Coin Collection Worth?
The value of a coin collection depends on factors such as rarity, condition, age, mint mark location (if any), and historical significance of local gold foreign coins, among other factors – this makes it difficult to give coin shop an exact estimate without evaluating them firsthand by an expert appraiser.
How Do I Cash a Coin Collection?
One option to cash out a coin collection could be visiting local coin shops/dealerships, which will evaluate each piece individually and then make an offer based on its worth at current market prices. Alternatively – auctions could be another avenue where collectors bid against each other driving up prices if demand for decorative coins or rare coins is high enough.
Where Can I Get the Most Money for Silver?
Suppose you’re looking to sell gold and or silver bars or coins – similar options exist, as mentioned earlier when discussing coins, including local shops/dealerships or online platforms like eBay/Craigslist. However – before making any decisions, it’s essential to conduct research regarding current market conditions/price trends to make informed decisions about whether now would be ideal timing based upon these factors alone!