Buying Gold and Silver in Massachusetts
Massachusetts is one of the states located in the New England region in the Northern US. It is the most populous state in this region. The state gets its name after the Massachusett tribe that once lived in this area. Boston is its capital as well as the most crowded city in the New England region with over 80% of the Massachusetts population living in the Greater Boston area.
Historically, Massachusetts's economy heavily relied on agriculture, fishing, and trade. However, today various sectors like engineering, biotechnology, finance, higher education, and maritime trade also contribute to its economy. Also, Massachusetts is the second largest producer of cranberries in the country, the first one being Wisconsin. Some important attractions of Massachusetts are the Freedom Trail, Cape Cod Beaches, Minute Man National Historical Park and Lexington Green, Mayflower II and Plymouth Plantation, Salem's Historic Houses, Whale Watch at Stellwagen Bank National Marine Sanctuary, Old Sturbridge Village, Tanglewood Concerts, Island Life on Martha's Vineyard, Norman Rockwell Museum, Historic Deerfield, etc.
Massachusetts also has many authorized wholesale and retail precious metal dealers located in its various cities, who offer a wide selection of coins and bullion. There are several coin shows organized monthly and annually, too. Do check out our Massachusetts sales tax column to take advantage of its sales tax exemption.
Gold and Silver Dealers in Massachusetts, 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 Massachusetts is among the states which host a few of the most famous coin shows of the nation. If you are planning to visit Massachusetts soon, take a look at the most popular coins shows in this state which are listed below.
Most Popular Coin Shows:
This is a monthly coin show which will be attended by several dealers from around the area. The show features items like coins, paper currency, tokens, old bank notes and checks, obsolete stock certificate, comics, memorabilia, antiques, and a lot of other collectibles, too. The show will have 40 ground level spaces and over 40 tables. Handicap accessible. The admission fee is $1.00 for adults and free entry for kids under the age of 10 years. There will be door prize drawings every 30 minutes and free give-a-ways at the door. The show hours are 9:00 am to 2:00 pm.
A monthly coin show which features several coin dealers from around the state. There will be a wide display of coins, stamps, paper currency, and other collectibles. This event has been running for 35 years now. The show hours are 9:00 AM to 4:00 PM.
Apr 9th, 2017, Jun. 11th, 2017, Aug. 13th, 2017, Oct. 8th, 2017, Dec. 10th, 2017
The coin show has been organized for 20 years now in Auburn Massachusetts. There will be more than 40+ dealers from all over the state and NH, RI, CT, featuring their inventories at this show. One can find a wide collection of coins, stamps, currency, ephemera, and other supplies at this show. There will be 2 door prizes and the admission and parking are free. The show hours are 9:30 AM to 3:30 PM.
This is a coin show that takes place on the second Tuesday of each month. It will be attended by many dealers from around the area and neighboring states. Coin enthusiasts can buy, sell, and trade coins, stamps, paper currency, and other collectibles here. The admission and parking are free. The show hours are 10:00 am to 4:00 pm.
This coin show takes place on the third Tuesday of every month and features several coin dealers from around the region. The dealers will be interested in buying, selling, and trading coins and collectibles here. Show hours are 10:00 am - 6:00 pm. Free parking & admission.
This coin show is held on the third Wednesday of each month and will be attended by dealers from around the region. The dealers will display their inventories at this show and will be selling, buying, and trading coins and collectibles. At this show, one can find US and foreign coins, currency, gold, silver, tokens, medals, and other collectibles. There will be door prizes. Admission is free. The show hours are 3:00 pm to 8:00 pm.
Bay State coin show is one of the foremost coin shows of the East Coast and is also the oldest commercial coin show in the USA. The “Coinage Magazine” had included this coin show in their “Top 10 Coin Shows in the USA” list. The event was first held in 1964 and has run every year for the last 53 years. Dealers from Ireland, Canada, Michigan, Washington, Ohio, Alabama, Colorado, Minnesota, Texas, Oklahoma, Illinois, North Carolina, South Carolina, Nebraska, Florida, Virginia, Delaware, New York, New Jersey, Pennsylvania, California, Wisconsin, Connecticut, New Hampshire, Rhode Island, Maryland, and Massachusetts will attend this show displaying their vast inventories consisting of US and foreign coins, gold and silver coins, other precious metal coins, rare and ancient coins, paper currency, numismatic coupons, currency and coin books, stamps, antiques, and other collectibles. The show hours are Friday 10:00 am - 7:00 pm, Saturday 10:00 am - 4:30 pm. Admission fee is $6.00.
The show is organized by the Coin Club of Greater New Bedford and takes place only in months which have 5 Sundays. The show will be held on the fifth Sunday of the month. Around 25-30 tables will be set for vendors at this show. Each attendee will be gifted with a wooden nickel. The event will provide an opportunity for all attendees to take part in a raffle and the prizes will be interesting numismatic-related items. The dealers will feature a variety of foreign and domestic coins, a select number of gold coins, and others items including Morgan silver dollars, silver Eagles, wheat pennies, Barber coins, collectible medals, tokens, wooden nickels, and paper money, including early American paper money, silver certificates, gold notes, civil war fractional notes, Confederate currency, national state bank notes, and foreign bank notes as well. One can find other items besides the above-mentioned, as well. Admission and parking are free. The show hours are 9 am to 2 pm.
Breaking Down Bullion Sales Tax in Massachusetts
The Government of Massachusetts levies a 6.25% sales tax on purchases of any kind of precious metals. However, there is a sales tax exemption on rare coins of numismatic value, gold and silver bullion, and gold and silver legal tenders of the USA and other foreign countries, except for the South African Krugerrands and the Namibian coins. The tax exemption is only valid if the purchase is above $1000. If the purchase is below $1000, then these products are not exempted from sales tax. Other precious metal items like tokens, medallions, and paper currencies as well as platinum and palladium products are also subject to the sales tax.
When buying from Bullion Exchanges, the residents of Massachusetts do not have to pay any sales taxes, as Bullion Exchanges is not based in Massachusetts. 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 Massachusetts.
- Northshore Numismatics - Family owned and operated, has a comprehensive inventory of over 2000 coins.
- The Boston Coin Company - Buys and sells rare coins and provides honest and reliable service.
- Charles Hertan Numismatics - Sells coins on-line and only at major coin conventions, no storefront.
- Kenmore Collectibles - Coin and sportscard shop since 1988.
- Coin Rarities Online - A full service internet and mail order coin company.
Local Precious Metals Companies:Bret Leifer Numismatics P.O. Box 5225, Wayland, MA O1778 Phone: 800-331-2646 (COIN) / 508-655-1125
This is a full-service rare coin firm that has helped investors and numismatists to successfully invest in rare coins by giving appropriate guidance. They help collectors pick high-quality and undervalued US rare coins as this is their specialty. The company owner, Bret Leifer, has 30 years of experience in this field. The company deals predominantly with coins that are certified and graded by PCGS and NGC. They help assemble quality portfolios and trades are tailored to client’s objectives. They purchase collection only after a thorough inspection. This is a PCGS authorized dealer.Dick Osburn Rare Coins PO Box 4278, Peabody, MA 01961 Phone: 603-767-7745
They specialize in early US silver coinage and are focused mostly on the Liberty seated and bust series. They also have an online store that deals with these coins. Their services include updating the upcoming show schedules, appraisal services, want list program, variety attribution, and photography, grading, and coin imaging. They are a PCGS authorized dealer.EBW Coin PO Box 206, Wilmington, MA 01887 Phone: 978-658-0160
This is a private company which has been selling coins online since 1996 even before eBay existed. They also have a private office where one can discuss their numismatic holdings without being disturbed in any way. One can sell their collection to them at their office and buy from them online. They also attend several shows where they buy, sell, and trade numismatic items. They are a PCGS authorized dealer.J.J. Teaparty Inc. PO Box 185, North Easton, MA 02356 Phone: 617-482-2398 / 877-772-4245 (Toll Free)
This is one of the oldest rare coin firms in Massachusetts and was established in 1957. It has been continually running with just three owners in its entire span of existence. They have very good reputation regarding customer service and quality. They have highly experienced numismatists in their professional staff. They also have a variety of rare coins to choose from and several programs like the Want List Program, Monthly Acquisition Program, Bid or Buy it now event, Teaparty Marketplace, Email Express, and many more. They are a PCGS authorized dealer.Andrew N. Seminerio Numis. P.O. Box 151, Melrose, MA 02176-0002 Phone: 718-665-9739
The company is owned and operated by Andrew Seminerio. They have a vast inventory consisting of a variety of coins including cents, dimes, dollars, half dollars, proof and mint sets, gold coins, silver coins, American bullion coins, territorials, colonial, and patterns, type coins, commemorative coins, and other sets. They also have an online store from where one can buy coins. They also attend various coin shows. Since they have one of the largest certified rare coin inventories, they supply both dealers and collectors through mail orders as well as internet sales. They are a PCGS authorized dealer.Northshore Numismatics, Inc. 358 Main Street, Wakefield, MA O1880 Phone: 781-246-4500
This is a family owned and operated business and is one of the first 300 members of the Professional Numismatic Guild (PNG). They also belong to the American Numismatic Association (ANA) and the Industry Council for Tangible Assets (ICTA). They have done appraisals for attorneys, banks, law enforcement agents, collectors, and many others. Their storefront has an inventory of around 2000 coins for both collectors as well as investors. They also buy coins and collections.
Bullion DepositoriesCNT Inc. 350 Bedford St., Bridgewater, MA 02324 Phone: (508) 697-9600
This is a private precious metals company that also offers precious metals storage. They have 20,000 square foot of fully insured storage, 1400 square foot of Class III segregated storage vault space, and 75 Cu. Ft of Class III private vault storage. The latest technology is used for securing the vaults. The Customer Inventory Management System of CNT provides access to the exact location of customer’s valuables. Real-time online audits are offered to the clients and customized client reports that suit individual needs. Also, monthly, quarterly, semi-annual, or annual billing is also provided. CNT Depository Inc. is a COMEX approved storage facility. The CNT Inc. is a patron member of the International Precious Metals Institute (IPMI) and the London Bullion Market Association (LBMA). This is a family owned company based in Bridgewater, Massachusetts. The CNT Depository Inc. are 100% insured by Lloyd’s of London.
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 Massachusetts.CTC Gold Refinery 5 Williston Rd, Belmont, MA 02478, USA (877) 777-4712Gold Refinery Wholesale Jewelry to the Public 540 Waverly Street, Framingham, MA 01702, USA (508) 309-6463Cash Buyouts Computer Recycling Seaport Industrial Park, South Boston, MA 02127, USA (857) 251-2571Gold Refinery 305 Main St. Stoneham, MA 02180, USA (781) 435-0259Metalor USA Refining Corporation 255 John L. Dietsch Boulevard, North Attleboro, MA 02761, USA +1 508 699 8800CJ Environmental, Inc. 6 Perry Drive, Foxboro, MA 02035 1-866-784-2238, 1-781-784-0000American Precious Metals LLC 100 Cummings Center B20d, Beverly, MA 01915 (978) 232-9430Applied Materials Science LLC 132 Great Road # 200, Stow, MA 01775 (978) 897-2191Bay Precious Metals, Inc. 350 Bedford Street, Bridgewater, MA 02324 (508) 697-9600Charlie S Precious Metals 136 Chester Avenue, Chelsea, MA 02150 (617) 855-8989National Spirit Insignia 154 Thurber Avenue, Attleboro, MA 02703 (508) 695-9049Precious Metrowest Metals LLC 241 Boston Post Road, Wayland, MA 01778 (508) 276-1568Rare Precious Metals 65 North Street, Stoneham, MA 02180 (617) 202-5430Spindle City Precious Metals 161 Wilbur Avenue, Somerset, MA 02725 (508) 567-1597Spindle City Precious Metals 100 Independence Way, Danvers, MA 01923 (978) 777-2760