Buying Gold and Silver in New Mexico
New Mexico is a southwestern US state which is the sixth least densely populated state. It was the 47th state to be admitted to the Union on January 6, 1912. New Mexico has been a leader in energy research and development since 1945, with the Los Alamos Scientific Laboratory and Sandia Laboratory being the center for extensive experiments in solar, nuclear, and geothermal sectors.
New Mexico is rich in natural resources like copper, gold, silver, zinc, lead, and other minerals, and is a leading producer of uranium and potassium salts. The state also produces petroleum and natural gas. All of these sectors are significant contributors to the state’s economy while the main manufacturing industries are that of food products, transportation equipment, chemicals, lumber, electric machinery, clay, stone, and glass products. Livestock and agriculture are another major contributors to the state's economy.
Some of the main attractions of New Mexico are the White Sands National Monument, Carlsbad Caverns National Park, Bandelier National Monument, Chaco Culture National Historical Park, Gila Cliff Dwellings National Monument, Cumbres-Toltec Scenic Railway, Billy the Kid Museum, Pecos National Historical Park, Valle Vidal, Wheeler Peak Wilderness, Taos Ski Valley, Very Large Array, International Balloon Fiesta in Albuquerque, Shiprock, Bosque Del Apache, Blue Hole, Tent Rocks, and many more. One can enjoy a lot of great outdoor activities as well as shopping in New Mexico. Be sure to visit the reputed precious metal dealers in this area because you might find something rare and special.
Gold and Silver Dealers in New Mexico, 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. The USA sees many coin shows throughout the year, and New Mexico is among the states which host a few of the most famous coin shows of the nation. If you are planning to visit New Mexico soon, take a look at the most popular coins shows in this state which are listed below.
Most Popular Coin Shows:
This 3-day show is sponsored by Albuquerque Coin Club and will be attended by more than 45 dealers. There will be a variety of coins, currency, and collectibles on display, and the dealers will buy, sell, and trade coins and collectibles. They will also offer free appraisals. The show will also have free door prizes. The admission fee to the show is $3. Parking is free. The show timings are Friday 2 pm to 6 pm, Saturday 8:30 am to 5:30 pm, and Sunday 9 am to 3 pm.
Breaking Down Bullion Sales Tax in New Mexico
Although there is no sales tax in New Mexico, there is a “gross receipts tax” which is levied on the seller and not the buyer. The seller has to pay up to 5.125% tax on all precious metals, coins, and bullion. However, this tax is passed onto the buyer when this amount is added to the prices of the seller’s stocks. So there is actually no major difference between this tax and the regular sales tax. An additional local use tax is also levied by different county and local districts depending on where the buyer is buying the product. Therefore, the maximum tax can reach as high as 8.8675% in some regions. Hence, when purchasing commodities in New Mexico be aware that products can be costlier compared to other states.
When buying from Bullion Exchanges, the residents of New Mexico do not have to pay any sales taxes, as Bullion Exchanges is not based in New Mexico. 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 New Mexico.
- U.S. State Quarters.com, Inc. – Headquartered in Santa Fe, this coin shop offers a great selection of gold, silver, and copper US coins and stamps.
- Alamo Stamp and Coin – Situated in Alamogordo, this dealer offers a variety of US and foreign coins, covers, currency, postcards, and stamps.
- Coin Finders – They have been in business for 35 years and specialize in US coins.
- Tudor Coins – They specialize in rare coins and currency from countries all around the world.
Local Precious Metals Companies:U.S. State Quarters.com, Inc. PO BOX 33108 Santa Fe, NM 87594 Phone: (505) 216-9611
They have been in business since 1999 and have an in-depth knowledge in the numismatic field. They work with several dealers from across the nation. The company's inventory is impressive, having a wide variety of US coins and stamps: gold, silver, and copper coins and bullion, proof and mint sets, presidential dollars, state quarters, national park quarters, and other coin supplies. They are headquartered in Santa Fe. They are an NGC authorized dealer.Premier Precious Metals P.O. Box 28100 Santa Fe, NM 87592-8100 USA Phone: 8005579958
This is one of the largest precious metals dealers in Santa Fe. They buy and sell all varieties of gold, silver, platinum, and palladium coins and bullion. Their inventory has a great selection of US and foreign coins, currency, ancient coins, tokens, and even jewelry. They attend several coin shows, and clients can also purchase products online from them. They are a PCGS and NGC authorized dealer.ABC Coin and Stamp 3401 San Mateo Boulevard NE Albuquerque, NM 87110 Phone: (505) 304-3527
With over 20,000 products in their inventory, they have one of the largest selections in and around the region. They help collectors complete their collections, and offer quality products for investors. Their world class service has earned them many loyal clients. One can experience the best collecting experience here.