Buying Gold and Silver in Kentucky
Kentucky was originally a part of Virginia but was incorporated as a state in 1792. Kentucky is named after the Kentucky River and, although the proper meaning of its name is not certainly known, if based on an Iroquoian name, it means “The Meadow” or “The Prairie.” Kentucky is popular for its tobacco, horses, and whiskey. It is also called the “Bluegrass State” because of the bluegrass found in many of Kentucky’s pastures due to the fertile soil. Bluegrass Region is one of the major regions in Kentucky which houses Louisville and Lexington, two of its major cities.
The state has rich resources and diverse environment. Kentucky is home to the Mammoth Cave National Park, the world’s longest cave system. Cumberland Gap National Historical Park is a treat to the vision. The Daniel Boon National Park has a natural bridge measuring 65ft high and 75ft wide. “The Niagara of the South,” the Cumberland Falls State Resort Park is also housed in Kentucky. Individuals can also enjoy great outdoor activities in Kentucky like hiking, fishing, cycling, boating, etc. Kentucky Derby is one of the most prestigious horse races held at Churchill Downtown.
Kentucky also has some extremely popular precious metal shops that deal with all types of coins like the US coins, foreign coins, ancient and rare coins, world coins, paper currency, and other numismatic items. One can find some precious and valuable gifts for their family and friends here, and these places are a great treat for numismatists.
Gold and Silver Dealers in Kentucky, by City:
Please check these directory pages to find local precious metals dealers in your city.
- Lexington Coin and Gold Dealers
- Louisville Coin and Gold Dealers
- Richmond Coin and Gold Dealers
- Florence Coin and Gold 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 Kentucky is among the states which host a few of the most famous coin shows of the nation. If you are planning to visit Kentucky soon, take a look at the most popular coins shows in this state which are listed below.
Most Popular Coin Shows:
This is an annual coin show held by the River Cities Coin Club, which is a nonprofit organization. There will be dealers from Kentucky, Indiana, and Tennessee attending this show and displaying their inventories on around 40 tables. There will also be door prize drawings and free appraisals from many dealers. The admission and parking are free. Show hours are 9:00 a.m. – 4:00 p.m.
The show is organized by Louisville & Kentucky State Numismatic Association. This is an annual coin show and will have an 80 table setup with more than 70 dealers from around the region attending the show. Dealers will buy, sell, and trade coins and collectibles. One can find a variety of US coins, ancient coins, colonial coins, rare coins, tokens, medals, and other numismatic collectibles. There will also be raffle drawings with gold and silver prizes. Admission and parking are free. Show hours Thursday 1p.m. – 5:30 p.m., Friday 10 a.m. – 5:30 p.m., and Saturday 10 a.m. – 4:30 p.m.
The show is hosted by the Derby City Coin Club. The show will be attended by dealers from around the region and will display a wide variety of ancient, modern, commemorative, world, US coins and currency, and other gold and silver numismatic items on a 45-50 table setup. Coin enthusiasts can buy, sell, or trade with the dealers. Admission and parking are free.
Breaking Down Bullion Sales Tax in Kentucky
Currently, there is a 6% sales tax levied on purchases of any gold and silver in Kentucky. The precious metal coins, bullion, tokens, medallions, rare coins, legal tender, paper currency, and any other numismatic item or collectible are subject to the 6% sales tax. Although tax exemption for precious metals and coins have been proposed through submission of several bills, none of these bills have been passed yet, so the 6% sales tax still exists.
When buying from Bullion Exchanges, the residents of Kentucky do not have to pay any sales taxes, as Bullion Exchanges is not based in Kentucky. 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 Kentucky.
- Coins Plus - Leading collectible item and rare coin dealers since 1972.
- Mid-American Rare Coin - Among the finest auction houses popular for rare U.S. coin collections founded in 1984.
- Boswell's Coin and Jewelry - West Kentucky-based family business since 1915.
- Louisville Numismatic Exchange - A premiere source for buying and selling all varieties of coins, jewelry, and scrap gold.
Local precious metals companies:Mid-American Rare Coin Gallery 1707 Nicholasville Road Lexington, KY, 40503 Phone: (859) 276-1551
The company was founded by Jeff Garrett in 1984. The company started as a two-man operation and has grown considerably over the years. They have some exceptional collectible coins in their inventory. They see clients on an appointment only basis. They are one of the largest dealers in the nation and have one of the finest inventories of US coinage. They attend all the major shows in the country. In their 30 years of service, they have bought and sold millions of dollars of collectible coins. They are wholesalers to the trade and are a PCGS, NGC, ICTA, and PNG authorized dealer.Jonathan K. Kern Co. 441 S. Ashland Avenue Lexington, KY 40502 Phone: 859-269-1614
The company was founded in the 1980s and has grown to a commendable level. They deal with all types of US coins, foreign coins, and ancient coins. They have a vast inventory with a grand assortment of coins. They attend all major shows inside and outside the country, including Munich, Zurich, and London. The services provided by them are retail, wholesale, appraisals, buying and estate liquidation. They are a PCGS authorized dealer and a life member of ANA.
Bullion DepositoriesFort Knox
The United States Bullion Depository is located adjacent to Fort Knox, Kentucky. This is a fortified vault building that is used to store the major portion of United States official gold reserves and other precious metal belonging to or entrusted to the federal government. This depository is only second largest vault compared to the Federal Reserve Bank of New York’s underground vault that is in Manhattan. This building is not open for tourists or locals and is designated solely for storing bullion belonging to the United States Government.
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 Kentucky.Kentucky Smelting Technologies Inc. 140 Bellafato Dr., Paris, KY 40361 (859) 987-6998American Refining Co 708 Speckert Ct., Louisville, KY 40203 (502) 583-8480