Buying Gold and Silver in Alabama
The name 'Alabama' derives from the language of the local Creek Indians and means “Tribal Town.” Alabama lies in the southern region of USA, being its 24th most populous state. Although agriculture was its main source of income in the old days, Alabama's economy currently stands on various sectors such as automotive, manufacturing, finance, aerospace, mineral extraction, healthcare, retail, education, management, and technology.
Alabama has some popular nicknames like “The Yellowhammer State” named after the state bird. It's also called “The Cotton State,” as it ranks among the top US cotton producers, and “Heart of Dixie,” a slogan that was put forth by the Alabama Chamber of Commerce in the late 1940s/early 1950s in order to give a distinct nickname than the 'Cotton State'. Alabama has some of the most beautiful beaches, like the Gulf Shores and Orange Beach. Fairhope and Dauphin Island are also popular tourist spots.
There are several popular precious metals dealers in the State of Alabama, and if you plan on visiting it, do not forget to stop by at these lovely shops which have a broad variety of gold and silver bullion coins, as well as rare coins, and other collectibles.
Gold and Silver Dealers in Alabama State, by City:
Take a look at our precious metals dealers’ directory pages to find local coin shops in your city.
- Birmingham Coin and Bullion Dealers
- Montgomery Coin and Bullion Dealers
- Mobile Coin and Bullion Dealers
- Huntsville Coin and Bullion Dealers
- Tuscaloosa Coin and Bullion Dealers
- Hoover Coin and Bullion Dealers
Local coin shows
Coin collecting is a highly popular hobby prevalent around the world. You can witness the passion for it as more and more coin enthusiasts are traveling to different states and countries to attend famous national and international coin shows. USA sees many coin shows throughout the year, and Alabama is among the states which host a few of the most famous coin shows of the nation. If you are planning to visit Alabama soon, take a look at the most popular coins shows in this state which are listed below.
Most popular coin shows:
Organized by the South Baldwin Numismatic Society, this is one of the most popular coin shows held in Alabama. Many dealers from the region display their vast inventories of US and foreign coins, currency, bullion, jewelry, and other collectibles. The show will have at least 36 dealer tables. This is a great place to view some rare coins as well as educate children about coin collecting. The show is handicap/wheelchair accessible. Timings are Saturday 9 a.m. – 5 p.m., Sunday 9 a.m. – 3 p.m. The event offers free parking, free admission, free appraisals, refreshments, and 24-hour security.
This show forgathers coin dealers from all across the Southeast. This annual show is sponsored by the Rainbow City-Gadsden Coin Club. The event will have at least 60 dealers are 35 tables, being a nice place for collectors and investors to have a great bargain on U.S. and foreign gold and silver coins, bullion, rare coins, paper currency. Apart from these, individuals can also take a look at sports cards, sports memorabilia, jewelry, and entertainment memorabilia. Timings are Friday 10:00 a.m. – 6:00 p.m., Saturday 10:00 a.m. – 6:00 p.m. Admission is free.
The show is hosted by Alabama Numismatic Society and forgathers around 60 dealers from the region displaying over 103 tables. Active members of ANS will also participate in this annual coin show. The dealers have an impressive inventory consisting of remarkable selections of US and foreign coins, paper money, medals, tokens, and jewelry. Apart from these, the dealers also offer old stocks and bonds, advertising trade cards, and other numismatic related items. Timings are Friday 10:00 a.m. – 6:00 p.m., Saturday 10:00 a.m. – 6:00 p.m., and Sunday 11:00 a.m. – 4:00 p.m. Free admission.
This show will be attended by several dealers from the region and will have around 40-80 tables. You can see a magnificent selection of US and foreign coins, currency, bullion, rare coins, jewelry, and gold, silver, platinum collectibles, as well as collections of stamps, postcards, and currency. Admission is free and the timings are Saturday 9 a.m. – 4 p.m. Parking is also free.
The show is hosted by the Montgomery Area Stamp Club which was founded more than 30 years ago. The show forgathers a large number of prominent stamp and coin dealers from all over the Southeastern region. The dealers are ready to buy, sell, and trade. The visitors can also win exciting door prizes apart from treating themselves with an array of wonderful coins and stamps. This is a great place for youngsters to start collecting coins and stamps. A one-day show with timings from 9 a.m. to 4:30 p.m. Show is usually held during the weekends. Admission and parking are free.
The show will host dealers from all across the southeast, having a setup of minimum 25 tables. At the event, there will be trading, buying, and selling of gold and silver coins, collectible, paper currency, sports cards, jewelry, and more. Timing is 8 a.m. – 4 p.m. Admission is free.
Breaking Down Bullion Sales Tax in Alabama
Precious metals are considered tangible personal property hence precious metals for investment purposes are taxable in Alabama. Therefore, the state charges a sales tax of 4% on all sales of precious metal coins, bullion, nuggets, flake, or other forms of gold and silver. Items such as collectors' coins, bills, and currency are also subject to this sales tax. The only exemption is for reselling or if gold is used in another product as a component. The gold or silver that is bought outside of Alabama and thereafter brought into the state is also subject to a use tax at the same rate as the sales tax.
Apart from the 4% tax levied by the State of Alabama, there could be an additional county or city sales tax on the sales of the above-mentioned items. The total sales tax may amount up to 8-12% depending on the county or city you decide to make the sale.
When buying from Bullion Exchanges, the residents of Alabama do not have to pay any sales taxes, as Bullion Exchanges is not based in Alabama. Please take your time to browse through our tax-free gold and silver products. However, please note that there may be a local use tax that an individual might have to pay so it is advisable to check with a tax professional before making a purchase.
Online Coin Dealers
Online purchasing is the best way to buy coins and bullion. It is comfortable, easy, it saves time and energy, and you can check through several shops in one go to compare their prices and get the best bargain. Bullion Exchanges is a trusted online precious metal dealer which offers you a vast inventory, competitive prices, and prompt service. Below you will find the most popular online coin dealers in Alabama.
- Southern Coin and Collectibles – An online store that specializes in PCGS/NGC certified coins.
- Alabama Gold Refinery – A local family-owned business that deals with all types of precious metals.
- Deep Mirror Coin – A family-owned business recently launched online sales.
Local Precious Metals Companies
Southern Coin and Collectibles
This company is an official U.S. Mint Distributor, a PCGS and NGC certified dealer and ANA member. It has a wide variety of coins and collectibles. It's specialized in PCG/NGC certified coins, American Eagle Gold & Silver Bullion, Investment Quality Rare Coins, New and Estate Jewelry, Vintage Sports Cards and Memorabilia, Bank and Estate Appraisals. A PCGS, NGC, and PMG authorized dealer.
Alabama Coin and Silver Company
The company is located in Huntsville, being owned and operated by Charles Cataldo, who has over 40 years of experience in the numismatic field. It offers a variety of unique and specialty coins, dealing with all types of precious metal coins, bullion, jewelry, and stamps. An NGC and PCGS authorized dealer.
A. R. Akin Rare Coins & Currency
Owned and operated by Rusty Akin, who has served as secretary, vice president, and president of the Alabama Numismatic Society. The company offers a wide variety of services to the numismatic community. It has a large national customer base due to its fair and consistent grading, low-profit margin, and fair return policy. The company is specialized in rare coins and precious metals, but it also buys and sells all types of coins, bullion, and other precious metal items. An NGC and PMG authorized dealer.
Mobile Bay Coins
It's one of the largest dealers of collector coins in the Mobile area of Alabama. It has a vast inventory of gold, silver, and platinum coins, rounds, bars, and other types of bullion. Apart from these, it also has a great selection of rings, chains, bracelets, necklaces, and much more. It offers free appraisals on coins and jewelry, immediate payment for gold with the highest returns, and instant payments for other precious metals. This is a one stop shop for all precious metal and diamond related products.
The shop has been around since 1963 and is one of the most trusted precious metal dealers in the Mobile area. It has customers from all around the local area as well as nationwide. It deals with a wide variety of gold, silver, and other precious metal coins. You can find some of the rarest currency to gold and commemorative coins in this place. An NGC, PMG, and PCGS authorized dealer.
Security Vault, Inc.
Located in Huntsville, Alabama, Security Vault, Inc. offers secure storage for any valuables like rare coins, bullion, jewelry, stamps, guns, collectibles, gems, and works of art. The dual key control system ensures the complete safety of your valuables. With the provision of private rooms and a conference room, you can access the contents of the vault in a highly secure environment.
Smelters & Refineries
If you have some gold coins, small bars or jewelry items which you want to convert to other precious metals pieces, Bullion Exchanges offers you high-class gold and silver smelting. Below you will also find renowned precious metal smelters and refiners in Alabama.May Metals Inc. Address: 1455 Montlimar Drive Mobile, AL 36609 Phone: (251) 343-1838Southeastern Refining Co. Address: 1326 US Hwy 431 Glencoe, AL 35905 Phone: 256-546-0614B & C Silver Refining Address: 132 Hilldale Rd, Anniston, AL 36207 Phone: (256) 831-7626