Buying Gold and Silver in Connecticut
The present-day Connecticut is considered as one of the earliest settled regions among the thirteen original colonies. The English colonists were the first to establish major settlements on this territory in the 1630s. Referred as one of the most influential states in the creation and development of the Federal Government of the United States, Connecticut is also commonly named as the “Constitution State”. Its name comes from the Connecticut river – a major river within the US.
Connecticut, along with New Jersey and New York, is often called the Tri-State Area. Today, Connecticut is widely considered as the wealthiest US state because it has the highest income per capita, as well as medium household income, in the country. For this reason, investing in silver and gold bullion is very popular within the state, making it the home of many top precious metal dealers, as well as numismatic auctions and events.
Gold and Silver Dealers in Connecticut State, by City:
If you are searching for coin shops or precious metal dealers in a certain location within the Connecticut state, please check our city directory pages:
- Bridgeport Coin and Bullion Dealers
- New Haven Coin and Bullion Dealers
- Hartford Coin and Bullion Dealers
Local coin shows & conventions
Coin collecting is one of the most popular hobbies in the world, especially in the United States. By visiting any coin show or coin convention listed below, you will have the opportunity to see impressive numismatic collections showcased by Connecticut dealers, along with the ones from other neighboring states. These numismatic events offer you free appraisals and various educational programs, so stop by anytime you’ll be visiting the state.
Most popular coin shows:
This is a monthly numismatic show which hosts over 20 dealers presenting their exquisite collections of precious metal coins and other types of currency. The show is open from 9 AM to 2 PM, has free admission and free parking.
Another well-known coin show in Connecticut is held at the beginning of each month and hosts over 8 dealers showcasing their collections from 9AM to 1PM. There is an admission fee of $1.
Each month’s second Sunday, Meriden hosts its renowned stamp and coin show from 9 AM to 3 AM. The admission is free, and there is free parking for its visitors.
Each 4th Sunday of every month, postcard, stamp and coin dealers from throughout the Northeast forgather at this popular coin show held in New Haven. The admission and parking are free. Regular door prizes are given out during the event.
The first week of every month welcomes over 50 dealers who present their large selection of US coins and sets, as well as other non-precious metals collectibles. The show is held from 9 AM to 2 AM and offers free parking. There is a $2 admission fee.
Another well-known coin show in Connecticut which takes place less frequently than the ones mentioned above. It hosts over 25 coin dealers from 9 AM to 3 AM, has a free admission and offers free parking.
Called “The biggest little coin & paper money show in New England”, this famous numismatic event hosts over 75 dealers from all over the states in the area. The show’s hours are from 9 AM to 3:30 PM.
This numismatic event is held once per year and has a free admission from 10 AM to 3 PM.
Breaking Down Bullion Sales Tax in Connecticut
The sales tax on precious metals in Connecticut has been in effect since 2011 and is set to a rate of 6.35%. However, there is an exemption from this bullion tax that is established by law, and it depends on both the amount and type of coins and precious metals that are to be purchased. If the purchase does not qualify for these exemptions, the state sales tax is applied. There are also some local sales taxes which may be applied in some cities or counties throughout the state.
According to the law, gold or silver coins, legal tender of any nation or state, as well as silver or gold bullion with price set based on the value of its precious metal content, is not subject to any sales or use taxes only if the single transaction amount is equal or greater than $1,000. For this reason, many bullion investors from Connecticut often wait before investing in bullion until they can make a large purchase in order to qualify for the exemption. However, please note that this exemption does not apply on bullion items made from platinum, palladium or rhodium, as well as medals, medallions, tokens or any other numismatic item since these bullion types are not legal tender.
The sales tax exemption also applies to antique and rare coins, only if their value is determined by their demand, condition, and rarity rather than just on their gold or silver content. Also, keep in mind that this exemption applies only if the coins are or were used as legal tender by any nation. The minimum purchase amount to qualify for this exemption is also $1,000.
Bullion Exchanges is not a Connecticut-based precious metal retailer. Therefore, Connecticut residents are not eligible to pay any bullion sales tax when buying precious metal items on our website. Please, feel free to check our large collection of gold, silver, palladium, platinum and rhodium goods. Yet, please note that we are not experts on tax laws, so we advise you to check with your local tax professionals before making your purchase.
Online Coin Dealers
Among the easiest ways to invest in precious metals is purchasing from online bullion dealers. In Connecticut, you will find several online precious metal dealers, yet you can also check our wide selection of bullion products displayed on www.bullionexchanges.com:
- The Happy Coin – Premier rare coin and precious metal dealer
- Commemoratives International – Founded in 1947, specialized in US and Israeli commemorative coins
- Northeastern Metals & Chemicals – precious metal dealer and refiner
- CoinSuperstore – specialized in rare collectibles
- Sam Sloat Coins – One of the oldest coin shops, established in 1961 and much respected within numismatist communities
- Olde Towne Coin Co, Inc. - founded in 1973 and specialized in rare coins and gold, silver and platinum bullion
Toronto’s Gold & Silver Bullion Dealer Cache Metals
Cache Metals is a full-service gold and silver bullion dealer that is based in Toronto which also offers secure bullion depository services to its US clients across the Connecticut state. The company provides you special secure vaulted storage accounts for depositing you precious metals which are ideal for investors who prefer to make several or larger bullion purchases. If you are searching for where to store gold in Connecticut, Cache Metals bullion depositories is a great choice because it provides you high-quality secure vaulted safes ensured by such a prestigious company.
Smelters & Refineries / Mints
Over the time, Connecticut had registered multiple precious metal mining activities, including silver and gold mining. For this reason, there are many local companies which provide precious metal refining services. Either you are looking for silver smelting or gold refining, you can contact any of the companies listed below. Also, remember that Bullion Exchanges provides exceptional gold and silver refining services for all its clients, so don’t hesitate to contact us for any details.A A & A Precious Metals Exchange 474 Main St, East Haven, CT 06512 203-821-7677K Holdings Precious Metals LLC 107 Roger Road, New Haven, CT 06515Northeastern Metals & Chemicals M130 Lenox Ave., Unit #4, Stamford, CT 06906 800-243-2452Precious Metals Sales 100 New Wood Rd, Watertown, CT 06795 860-274-8813R & A Precious Metals LLC 3 Plumb Creek Road, Trumbull, CT 06611 203-220-8265Specialty Metals Smelters & Refiners, LLC 2490 Black Rock Tpke Fairfield, CT 06825 203-366-2500The Argen Corporation 22 North Plains Industrial Road, CT 06492 203-269-3400