Buying Gold and Silver in Albany
Albany is the capital of the New York State and is a historic city founded in 1614, which makes it one of the oldest settlements among the thirteen original colonies. The city was chosen as the state’s capital in 1797 because of its centrality as a business, as well as a shipping center. By the early 19th century, the city was a central turnpike destination in the state and its center of trade and transportation.
Today, Albany is the third most populous city in the state. Many Fortune 500 companies have located their offices in this city, including JPMorgan and Chase, American Express, Merrill Lynch, Verizon, General Electric, Goldman Sachs. Albany residents are among the top bullion investors in the area. If you are looking for investing in silver and gold in New York state’s capital, you should keep in mind that there is a local sales tax of 4%, additional to the state’s bullion tax (a total of 8%). However, remember that there is an exemption for this tax according to the New York state’s law. Below you will find a full list of the wholesale and retail coin and bullion dealers in this region.