Buying Gold and Silver in Maine
Located on the Northeastern border of the United States, Maine City is the country’s corner which meets both Canada and the Atlantic Ocean. For an extended period, the only inhabitants of the territory were indigenous people. Afterward, the state was established by the European colonists at the beginning of the 17th century, and its name was given by these early French explorers. In 1820, the state was admitted to the Union as the 23rd state.
Today, Maine is renowned for its exquisite clams and lobster cuisine, along with the spectacular mountainous coastline. The state is the home to many manufacturing industries, but gold and silver mining have never had a significant presence in Maine. Although it’s the least densely populated Mississippi River east state, Maine hosts some of the most prominent coin shops and shows, as well as numerous collectors eager to invest in gold and silver bullion pieces.
Gold and Silver Dealers in Maine State
Below, you will find the top coin and precious metals dealers in Maine State:
Wholesale Gold and Silver Dealers:1. China Lake Coins & Currency Address: 285 State Street Plaza, Suite 2, Augusta, ME 04330 Phone number: 207-623-5222 Hours of Operation: Tues - Sat 10:00 am - 4:00 pm (5:00 pm on Thurs/Fri) Services: Retail, Auctions, Wholesale, Buying and Estate Liquidation, and Appraisals. Specialties: United States Coins, Dollars, Gold Coins, 19th Century Silver Coins, Early Type, 20th Century Coins, Commemoratives, Modern Coins, Small Cents, Early Copper, Nickel Coinage, Mint Errors, Colonial Coins, Tokens/Medals, Ancient Coins, Bullion Coins, and Currency.
Local Storefront / Retail Gold and Silver Dealers:1. Bowley’s Coin Center Address: Warren, ME Phone number: 207-701-8411
Local coin shows & conventions in Maine
As one of the most popular hobbies in the world, coin collecting is the main trigger for any local coin convention and coin show hosted by the most passionate numismatists from all the corners of the US. If you are thinking to visit Maine soon, you have the chance to attend one of the following popular events in the coin industry, where you can get a free appraisal of your collectible, along with various educational programs.
Most popular coin shows:
The Fryeburg Coin Show is a monthly show, held every first Wednesday, which brings together the most passionate numismatists of the Maine State. Each beginning of the month, the show hosts 12 tables and welcomes any visitor with a free admission ticket.
The Augusta Coin Show is co-sponsored by the Knox County Coin Club & the Penobscot Bay Coin Club 5th Sunday and is held each year at the end of April, July, October, and December. Hosted at the Elks Lodge, it showcases 34 numismatic tables, displayed from 9 AM to 4 PM and has no admission fee.
Breaking Down Bullion Sales Tax in Maine
When buying bullion items in Maine, you should keep in mind that the state sales tax on precious metals is 5.5% and is collected on coins, paper currency, and other numismatic collectibles. However, remember that some additional county or city taxes may be also applied to certain bullion pieces or transactions. Recently, several bills have been proposed with the purpose to create a bullion tax exemption for silver and gold. The bills would have helped to draw a part of the coin business from the nearest state, New Hampshire, yet none of them have successfully passed.
Therefore, the Maine sales tax is charged on each bullion or coin purchase within the state, and you should take it into account when determining the price of your precious metal. Also, some local or county taxes may further increase the bullion price, making online purchasing more attractive than buying silver and gold in physical form in Maine.
Since Bullion Exchanges is not a Maine-based precious metal retailer, residents of Maine will not pay any bullion sales tax when making purchases on our website. Thus, feel free to browse our collection of free gold, silver, platinum, palladium and rhodium goods. However, please note that we are not experts on tax laws, so you should first check with your local tax professionals before initiating a purchase. Some individuals may be liable to pay local Maine taxes.
Online Coin Dealers
With its various advantages, online bullion shopping is one of the easiest ways to invest in precious metals. Thus, feel free to check the local Maine online bullion dealers or continue to browse our Bullion Exchanges online collection:
- China Lake Coins – One of the most popular local precious metal retailers, established in 1980
- Maine Gold and Silver - Leading precious metal dealer in Maine since 1977
- Gold Works – Founded in 1996, Goldworks Fine Jewelry is a family owned jewelry business which also sells bullion coins and bars
- Twin City Gold – the company is a pawnbroker specialized in precious metals since 1994
- Shiretown Coins
- MCN Coins
Toronto’s Gold & Silver Bullion Dealer Cache Metals
The Toronto-based Cache Metals is a full-service silver & gold bullion dealer which also provides secure bullion depository to American clients across the Maine State. The clients can purchase special secure vaulted precious metals storage accounts where to store gold, silver, platinum and palladium items that they buy. It’s a great option for clients who prefer to make larger or several bullion purchases and want to store their belongings in a secure vaulted safe guaranteed by a renowned company.
Smelters & Refineries / Mints
The gold refining process is not very popular in Maine. If you are looking for melting gold or refining silver, you can either contact the below listed local smelters or contact us - Bullion Exchanges also offers you silver and gold smelting services of exceptional quality.Adams Silversmiths 3 Small Dam Road Gray, ME 04039 207-657-5485 Advanced Chemical Company 105 Bellows St Warwick, RI 02888 401-785-3434 Lisa Svedberg INC 62 Greenacre Road, Lincolnville ME 04849-5519 207-763-4097