Buying Gold and Silver in Miami, Florida

Miami gets its name from the Native American Tribe, Mayaimis, that lived in this area until the late 17th century. The tribe named themselves 'Mayaimi' after the Lake Okeechobee which was known as "Mayaimi" or “Big Water.” Miami is the only major city founded by a lady, a local businesswoman, Julia Tuttle, who is also known as the Mother of Miami.

Miami is a seaport city and a popular destination for tourists. It is also a leader in finance, commerce, entertainment, culture, international trade, arts, and media. It was also nicknamed, the 'Alpha City' or 'World City' and was elected as one of the cleanest cities in the US. Miami was also designated as the fifth-richest city in terms of purchasing power. Downtown Miami is the home for several international banks. The Port of Miami is nicknamed as the “Cruise Capital of the World” as it is a top cruise international passenger port that harbors some of the largest cruise ships and operations. Due to this, Miami sees a large chunk of visitors every year.

If you are in Miami or just planning to visit it, do not forget to check out some of the most popular coin dealers established in this area. 

As of July 1, 2021, Florida sales taxes are based on the transaction total, not on a per-item basis. However, there are exemptions. Sales tax exemptions for Florida include:

• Coins and currency that are US legal tender.

• Coins and any other currency with a face value of more than $500.

• Gold, silver, and platinum bullion whose price exceeds $500 is not taxable.

Wholesale Gold and Silver Dealers:

1. National Coin Broker, Inc. Address: 1000 East Hallandale Beach Blvd, Suite 26, Hallandale Beach, FL, 33009 Phone number 800-707-7923 Services: Assists Collectors with Submissions, Appraisals, Auctions, Helps Build NGC Registry Sets, Collector Sales, and Wholesale-to-the-Trade. Specialties: Early US Type, Territorials, Gold Coins, and US Coins.

Local Storefront / Retail Gold and Silver Dealers:

Please find below a list of top coin and precious metals dealers in Miami.

1. Champion Rare Coins Inc Address: P.O. Box 0177, Miami, FL 33269 Phone number 305-588-1947 Hours of Operation: Services: Appraisals, Retail, and Coin Dealers & Supplies. Specialties: United States Coins, 19th Century Silver Coins, Gold Coins, 20th Century Coins, Colonial Coins, Nickel Coinage, Tokens/Medals, World Coins, Bullion Coins, and Ancient Coins.

2. Numismatic Financial Group Inc. Address: PO Box 44-2809, Miami, FL 33144 Phone number 305-567-1515, 88-209-3595, 305-264-1101 Hours of Operation: Monday - Friday 10 am - 6 pm Services: Retail, Coin Dealers & Supplies, and Appraisals. Specialties: Rare Coins and Currency.

3. Park Avenue Numismatics Address: P.O. Box 398239, Miami Beach, FL 33139 Phone number 305-535-2262, 800-992-9881 Hours of Operation: Monday-Friday 9 am - 6 pm Services: Retail, Coin Dealers & Supplies, and Appraisals. Specialties: Rare Coins, Generic Gold, Bullion Coins, and Currency.

4. Gregg Pelnar Rare Coin Address: PO Box 702018, Miami Beach, FL 34770 Phone number 786-271-6764 Services: Coin Dealers & Supplies. Specialties: Bullion Coins.

5. K J P & Associates Address: 16850 Collins Ave Ste 112, Sunny Isles Beach, FL 33160 Phone number 305-948-9240 Services: Coin Dealers & Supplies, and Gold, Silver & Platinum Buyers & Dealers. Specialties: Bullion Coins.

6. Coin Mogul Address: P.O. Box 800555, Aventura, FL 33280 Phone number 888-984-2646 Services: Buy or sell gold, silver, platinum, and palladium bullion. Specialties: commemorative gold and silver coins.