Buying Gold and Silver in Maryland

Buy gold and silver in MarylandThe State of Maryland is located in the Mid-Atlantic region. Its largest city is Baltimore but its capital is Annapolis. The state is named in honor of Henrietta Maria of France who was the wife of Charles I of England. Maryland is among the thirteen original colonies, is considered the birthplace of religious freedom in America. There are several major manufacturing industries in Maryland which include food products, computer and electronic products, transportation equipment, chemicals, and primary metals. Agricultural products include soybeans and other nursery products.

Among the most popular attractions in Maryland are Baltimore and Ohio Railroad Museum, Antietam National Battlefield, Assateague State Park, Baltimore Inner Harbor, Rocks State Park, Chesapeake & Ohio Canal National Historical Park, William Paca House and Garden, Gunpowder Falls State Park, Blackwater National Wildlife Refuge, etc. Maryland also has many authorized precious metal dealers who offer a variety of precious metal coins and bullion for purchase. There are also several popular monthly and yearly coins' shows organized in the state.

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

Most Popular Coin Shows:

Hunt Valley Coin & Currency Show - Holiday Inn Timonium, 9615 Deereco Road, Lutherville-Timonium, MD 21093. Phone: 410-929-8178

The show is organized by Legacy Coins and Currency. It will have around 30-dealer table set up and will be attended by dealers from Maryland as well as the neighboring states. One can find a variety of US and foreign coins, gold and silver bullion, and various other numismatic items. Buying, selling, and trading of coins will also take place at this show. The event is held several times a year and the show timings are 9:00 am to 4:00 pm. Admission and parking are free.

Middle River Coin Club Show - Victory Villa Community Center, 404 Compass Rd E, Middle River, MD 21220. Phone: 419-687-1517, 410-687-1517

The show is sponsored by the Middle River Coin Club and will be attended by dealers from all over Maryland. The event will have around 30 dealer table setup and will feature several types of US and foreign coins, currency, and other numismatic items. The show hours are 9:00 am - 2:00 pm. Free parking & admission.

Whitman Coin & Collectibles Baltimore Expo - Baltimore Convention Center, One West Pratt Street, Baltimore, MD 21201. Phone: 404-214-4373

This is considered to be one of the most popular coin shows in the US sponsored by Whitman Coin & Collectibles Expo LLC, which is a division of the leading media company, the Whitman Publishing. The first coin show was organized in 2004. The event is attended by dealers from all over the country and there will be an impressive exhibition of US and foreign coins, ancient and rare coins, gold and silver bullion, paper currency, and many other numismatic items. There will also be treasure hunt and other programs for young collectors. The show hours are Thursday 12 pm – 6 pm, Friday 10 am – 6 pm, Saturday 10 am – 6 pm, and Sunday 10 am – 3 pm.

Western Maryland Coin Club Semi-Annual Coin Show - La Vale Fire Hall #1, 421 National Highway, Lavale, MD 21502. Phone: +1-301-777-7277

The coin show is organized by Wester Maryland Coin Club which is one of the oldest coin clubs in Maryland formed in 1938. The show features dealers from Maryland and the neighboring states. The dealers will present their impressive inventory and coin enthusiasts can buy, sell, or trade coins with them. The show hours are Saturday 9:00 am to 4:00 pm and Sunday 10:00 am to 3:00 pm.

Westminister MD Coin & Currency Show - Westminister Fire Hall, 28 John Street, Westminster, MD 21157. Phone: 443-623-7025

Many dealers from Maryland and the neighboring states will be seen at this show buying, selling, and trading coins and collectibles with numismatists and other coin enthusiasts. Some of the most important coins and currencies of the USA as well as foreign countries, along with rare and ancient coins, gold and silver bullion, and other numismatic items will be featured at this show. Free parking, admission, & refreshments. The show hours are 9:00 am to 4:30 pm.

The Frederick MD Coin and Currency Show - The Elk Lodge # 684, 289 Willowdale Drive, Frederick, MD 21702. Phone: 443-623-7025

The coin show will have around 30 dealer table set up and over 50 coin and currency dealers. It is a great place for coin hobbyists and serious collectors to buy, sell, and trade a different variety of coins. The dealers also offer free appraisals. One can find a wide variety of US and foreign coins and currency as well as other collectibles at this show. The admission and parking are free. The show hours are Sat 9:00 am - 5:00 pm and Sun 9:00 am - 4:00 pm.

Battlefield Coin Show at New Market MD - Grange Hall, #1 8th Alley, New Market, MD 21774. Phone: 301-788-6232

This is an event that the entire family can enjoy, which is the motto of its organizers. This is the place where collectors and dealers reunite and do some great trades. This show takes place three times a year, in January, June, and October. A large number of people attend this show. US and foreign coins, gold and silver bullion, rare and ancient coins, paper currency, and other numismatic items will be featured at this great show. Admission and parking are free. The show hours are 9:30 am to 3:30 pm.

Annapolis Coin & Currency Show - Annapolis Elk's Lodge 622, 2 Pythian Drive, Annapolis, MD 21037. Phone: 443-623-7025

This show is hosted by the Colonial Coin Club and takes places several times a year. Many dealers from Maryland, as well as a few from the neighboring states, will attend this show. Attendees can buy, sell, and trade their coins and collections. Dealers will also offer free appraisals. One can check out a variety of coins and currencies which include foreign and US coins and currencies, gold and silver bullion, ancient coins, rare coins, tokens, medals, and several other collectibles. Admission and parking are free. The show hours are 9:00 am to 4:30 pm.

Catonsville Coin Club Show - Knights of Columbus, 1010 Frederick Rd., Catonsville, MD 21228. Phone: 410-747-6231

The show is hosted by the Catonsville Coin Club and has a 25 dealer table setup. Several local dealers and from other regions of Maryland will also attend this show. One can buy, sell, and trade coins and collectibles at this show. Admission and parking are free. The show hours are from 10:00 am to 4:00 pm.

Interstate Coin Club Show - Grand Venice Hotel, 431 Dual Highway, Hagerstown, MD 21740. Phone: 240-625-0160

The show is hosted by the Interstate Coin Club and dealers from all over Maryland as well as from other neighboring states will attend this show and put their vast inventories of coins, currency, and stamps on display for coin enthusiasts to buy coins and other collectibles from them. Those who are interested can sell and trade their collection with the dealers. The admission is free. The show hours are Saturday 10:00 am – 5:00 pm and Sunday 10:00 am – 4:00 pm.

CEO Coins, Currency & Treasures Ocean City Coin Show - Ocean City Convention Center, 4001 Coastal Highway & 40th Street, Ocean City, MD 21842. Phone: 443-623-7025

Dealers from all over Maryland attending this show and will be buying, selling, and trading coins, currencies, stamps, and other collectibles. US and foreign coins, gold and silver bullion, paper currencies, stamps, and other numismatic items will all be available at this show. The admission and parking are free. The show hours are Saturday 10:00 am to 6:00 pm and Sunday 10:00 am to 4:00 pm.

Breaking Down Bullion Sales Tax in Maryland

In Maryland, the bullion sales tax is 6% and is charged on any bullion or coin purchase. But there is an exemption on sales tax on precious metals if the transaction amount is above $1000. According to the Maryland law, precious metals bullion or coins means any precious metal that has gone through a refining process and is in a state or condition such that its value depends on its precious metal content and not on its form. Monetized bullion includes coins or other forms of money that are manufactured from precious metals as well as those that have in the past been used as a medium of exchange under the laws of the State, the United States, or a foreign nation. Keep in mind that these do not include legal tenders that are not made of precious metals, paper currencies, token, medals, or jewelry or artwork that are made of precious metal bullion or coins, which are all subject to a 6% sales tax.

Source: http://law.justia.com/codes/maryland/2010/tax-general/title-11/subtitle-2/11-214-1

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

  • Mount Vernon Coin Company - A full-service coin shop with knowledgeable staff since 1979
  • Annapolis Coin Exchange - Professional numismatists since 1976
  • Julian M. Leidman - Also operate bonanza coins, retail store since 1961
  • Frederick Coin Exchange - Wholesale precious metals and rare coins dealers

Local Precious Metals Companies:

Golden Eagle Coins 3386 Ft Meade Rd., Laurel, MD, 20724 Phone: (800) 735-1311

Their first retail shop was opened in 1974 and today the company owns one of the largest online coin and bullion shops in the Washington D.C. metropolitan area. Their annual sales exceed 9 figures. They were one of the first bullion dealers to integrate their website with COMEX and world market bullion feeds in the US. They also have live pricing feature on their website to keep updated on the US and world markets. They have a great network of national and international suppliers and dealers which help them keep their business up to date. They offer all types of precious metal coins and bullion for investments as well as collection ranging from gold, silver, platinum, palladium, rhodium, to copper. They provide great service and prices are reasonable. They are open 24/7 and 365 days per year. Authorized by PCGS, NGC, PMG, and NCS.

David Kahn Rare Coins, Inc. POB 1637, Olney, MD, 20830-1637 Phone: (301) 570-7070

If one is looking for rare US coins or civil war tokens, this is the best place to be. They specialize in all types of high-quality, difficult to find, rare US coins as well as civil war tokens, old coin albums, numismatic reference materials, and other numismatic related items. They also have a want list feature, which can help collectors find a particular coin that they are looking for. They are a PCGS, NGC, and PNG authorized dealer.

Harford Coin Company 8722 Satyr Hill Rd., Baltimore, MD, 21234 Phone: (410) 665-1814

This is one of the longest established coin company in the Baltimore area and has been running successfully for 53 years now. This is one of the most popular sources of coins for collectors in Baltimore and worldwide. They have a huge client base nationally as well as internationally. They offer only high-quality and unique numismatic items. They specialize in US coins, world coins, ancient and medieval coins, bullion items, obsolete and world currency, exonumia, numismatic books, and other numismatic related items. They not just sell but also buy coins and collectibles and are especially interested in buying pre-1707 Scottish coins, tokens, and medals. They are a PCGS, NGC, PMG, PNG, and ICTA authorized dealer.

Frederick Coin Exchange 2O N East Street, Frederick, MD 21701 Phone: (301) 898-2863

They buy and sell rare coins and currency, gold and silver. They are mainly into wholesale rare coins business. However, they are also open to the public and offer superb buy prices and very competitive sell prices. They are authorized by PCGS, NGC, PNG, ANA, and ICTA.

Mints in Maryland

The Maryland Mint
This mint is well-known for producing replicas of historical US coins like dimes, nickels, cent, and dollars. They do not produce gold and silver coins. However, to make their coins appear more accurate and similar to their original ones, they do plate them with gold or silver plating. They also do replicas of gold and silver bullion, but these are also just gold or silver plated and don't contain any precious metals inside.

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 Maryland.

Metals & Residue Processing Co 260 Schilling Cir, Hunt Valley, MD 21030, USA +1 410-771-1007
Cohler Enterprises 101 N Haven St, Baltimore, MD 21224, USA +1 410-342-1400
Carter Gold & Silver 10800 Rhode Island Ave, Beltsville, MD 20705 (301) 595-4653
Prince Georges Scrap 5700 Branchville Rd, College Park, MD 20740 (301) 474-8915
Gemnext Metals 1536 Heather Hollow Cir, Silver Spring, MD 20904 (240) 450-0220
Sojam 6325 Erdman AveBaltimore, MD 21205 (410) 488-3990
Karatbars Saving for the Future 1035 N. Calvert St,Baltimore, MD 21202 (443) 362-0352
Atlantic Precious Metals LLC 20 Chapel Manor Court, Perry Hall, MD 21128 (443) 854-7352
Columbia Precious Metals 6343 Livingston Road, Oxon Hill, MD 20745
Mid Atlantic Coatings Inc. 343 North Charles St., Baltimore, MD 21201 (410) 234-3600
Pml Inc. 1314 Bedford Avenue, Pikesville, MD 21208 (443) 660-8244
Precious Current Metal 9365 Gerwig Lane, Columbia, MD 21046 (410) 312-7608
Precious Metal Recyclers, LLC 314 Felton Road, Lutherville Timonium, MD 21093 (443) 895-1833

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