Buying Gold and Silver in Delaware

DelawareDelaware is a state in the northeastern region of USA. Its neighboring states are Maryland to the south and west, Pennsylvania to the north, and New Jersey to the northeast. The state is named after the English nobleman Thomas West, Third Baron De La Warr, who was Virginia’s first colonial governor. Delaware is the only state in the US which has the smallest number of counties - only three. Since Delaware was the first state to ratify the constitution of the US in 1787, it is also known as “The First State.”

One of the major industries in Delaware is the manufacturing industry. The goods manufactured in Delaware include textiles, paper, vulcanized fiber, metal products, machine tools, medical supplies, machinery, and automobiles. Delaware is also a pioneering state in food canning industry. The important crops produced in Delaware are corn, potatoes, soybeans, and hay. Broiler-chicken farms are also in abundance, supplying the eastern markets. Other major industries in Delaware are fishing and dairy products.

The most important places to visit in Delaware are the Hagley Museum and Library, Nemours Mansion and Gardens, Delaware Art Museum, Grand Opera House, Air Mobility Command Museum, Delaware's Old State House, John Dickinson Plantation, Brandywine Creek State Park, The Nanticoke Indian Museum, etc.

Also, there are many reputed and authorized precious metal dealers in Delaware due to this state’s investor-friendly sales tax policy. It's considered one of the best places to buy gold and silver coins and bullion. A few coin shows are also held in Delaware, being attended by many regional dealers. It is a great place for collectors and investors alike to buy coins and bullion.

Gold and Silver Dealers in Delaware, by City:

Please check these directory pages to find local precious metals dealers in your city.

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 Delaware is among the states which host a few of the most famous coin shows of the nation. If you are planning to visit Delaware soon, take a look at the most popular coins shows in this state which are listed below.

Most Popular Coin Shows:

Wilmington Coin Club Show - Nur Shrine Temple, 198 South DuPont Highway, New Castle, Delaware. Phone: 610-675-6186

This coin show is organized by the Wilmington Coin Club, a nonprofit corporation. There will be many coin dealers from Delaware and neighboring states attending this show which will buy, sell and trade their coins and collections. The show will also host a Youth Program with provided lunch for children aged between 6-16. The admission is free with registration. Name tags are required for entry. The parking is free. The show hours are 10 am to 6 pm.

South Delaware Coin Show – American Legion Post #28 31768 Legion Road Millsboro, DE 19966. Phone: 302-945-1827

The coin show is organized by the South Delaware Coin Club and will feature many dealers from around the region. There will be a wide display of various coins, currency, and other collectibles and traders will be buying, selling, and trading their products at this show. The admission and parking are free. The show hours are 10 am – 5 pm.

Breaking Down Bullion Sales Tax in Delaware

Delaware is one of the very few states in the US where there is absolutely no sales tax on purchases of coins, bullion, paper currency, or precious metals. This encourages more and more investors and coin collectors to buy bullion products from precious metal dealers in Delaware. The state has become one of the most favorable states for investing in precious metal bullion and coins as there are many dealers who have set up online shops in Delaware.

When buying from Bullion Exchanges, the residents of Delaware do not have to pay any sales taxes, as Bullion Exchanges is not based in Delaware. 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 Delaware.

  • Diamond State Coins and Currency - Established in 1991, considered the most aggressive buyer of coins.
  • First State Coins - Located in the West Dover, has been buying and selling coins for over 40 years.
  • Dutch Country Auctions – Established in 1979, offers a good variety of philatelic, numismatic, and related items.
  • Collectors Corner – A premier marketplace for exquisite rare coin, currency, sports card and stamp collectors.

Local Precious Metals Companies:

Dutch Country Auctions Concord Pike Suite A, Wilmington, DE 19803 Phone: 302-478-8740

Although this is a stamp center, the company also deals with coins and other numismatic related items. The company was established in 1979 and since then has been offering great services. They also have a very knowledgeable staff with years of experience. The company has various auctions going on frequently, offers free appraisals on collections, and also has a great online store. They are a member of ANA.

Coin Gallery of Delaware 3650 Silverside Rd., Wilmington, DE 19803 Phone: (302) 478-6115

They are located in Wilmington and specialize in rare coins. They have coins that fit every budget, ranging from cents and nickels to rare pre-1933 US gold coins like Double Eagles or rare Morgan Dollars. They also help collectors find some rare and hard to find coins to complete their collection.

First State Coin Co. 8 53 Greentree Dr., Dover, DE 19904 Phone: 302-734-7776

The First State Coin Co. has been in business for 40 years now, and they are the only US Mint authorized coin dealers in Delaware. They offer a wide variety of US and foreign coins, rare and ancient coins, paper currency, sports cards, jewelry, and other collectibles. They also buy coins and precious metal scrap. Their prices are extremely competitive and their service is impressive.

Diamond State Coins & Currency 1707 Marsh Rd., Wilmington, DE 19810 Phone: 302-478-9050

The company was established in 1991. They are one of the most aggressive buyers in their area and buy all types of coins, currency, bullion, gold and silver jewelry, and sterling flatware. They offer three private appraisal rooms and appraisal service for large collections and estate material. They also have an impressive inventory of precious metal products like gold and silver bullion and rare and collectible coins. Their prices are reasonable.

Fidelitrade, Inc. 3601 N Market St., Wilmington, DE 19802 Phone: 800-223-1080

The company is located in Wilmington and offers a variety of precious metals investment and account administration services to its customers. Its customer base includes a number of individual investors and collectors, private banking systems, trust, and estate professionals. The staff with their immense knowledge in the field and professional expertise can advise and guide any investor in achieving its investment goals. They sell gold, silver, platinum, and palladium coins and bullion. They are a member of LBMA, ICTA, and many other prestigious institutions in the precious metal field.

Mints in Delaware

Delmarva Mint
The mint both manufactures and sells precious metal coins and bullion. They have a wide range of their own products as well as sell products from other private mints. They do not produce just gold and silver products but also strike products from copper, bronze, and brass. They make small 1 gram bars of .999 fine gold or silver, too. The company also produces custom 1 gram silver bullion bars but the minimum purchase for this product is 1000 items. Some of their most popular bars are the US state and buffalo themed series.

Bullion Depositories

Delaware Depository Service Company, LLC (DDSC)

This is a precious metals storage and distribution center that was founded in 1999 and is located in Wilmington. Outside of the New York City, this is the largest bullion depository in the country. Their client base is vast and they provide vaulting and shipping services to industrial companies, financial institutions, as well as individual investors worldwide. The facility is a NYMEX, COMEX, and NYSE Liffe licensed depository. In DDSC one can store gold, silver, platinum, and palladium products. All the buildings and equipment that are used by DDSC are owned by DDSC and are not rented, leased, or shared. The vaults are physically fortified and are equipped with feature timed locks and automatic re-locking devices. The facility is under 24-hour surveillance and has motion, sound, and vibration sensors.

International Depository Services of Delaware 406 West Basin Road, New Castle, Delaware 19720 Telephone: 888-322-6150

Located in New Castle, IDS is a COMEX/CME, LBMA, and ICE approved precious metal depository service. The facility has a state-of-the-art hi-tech security system in place and they offer advanced technology solutions. The wide range of services offered by IDS are asset inspection and weight verification logistics assistance, intra-depository marketplace, audit and regulatory compliance, fulfillment and international distribution, collateral lending. The storage facility has a Class III vault and insurance provided by the world’s leading specialty insurance provider. Tailored services are also available on request (inspections, import/export assistance, special packaging, etc.).

First State Depository Company, LLC 100 Todds Lane, Wilmington DE 19802 Phone: 302-765-2760

This is a private depository company which offers both its commercial and individual clients a full range of specialized certified coin and precious metals custody along with shipping and accounting services. The assets will be stored in highly secure vaults in insured accounts. This is a multi-alarmed facility. The facility offers built-in accountability, high level of security, and conflict free service to their customers.

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 Delaware.

M and R 2909 Lancaster Avenue, Wilmington, DE 19805 (302) 421-9838