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Buying Gold and Silver in Albany

Albany is the capital of 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.

Wholesale Gold and Silver Dealers

1. William S. Panitch, Inc. Address: 3 Computer Drive W., Suite 122, Albany, NY 12205 Phone number: 518-489-4400 Hours of Operation: By appointment Services: Wholesale, Retail, Buying and Estate Liquidation, and Appraisals. Specialties: US Coins, Dollars, Gold Coins, 19th Century Silver Coins, Early Type, 20th Century Coins, Commemoratives, Modern Coins, Early Copper, Nickel Coinage, Small Cents, Patterns, Colonial Coins, Territorial Issues, Tokens/Medals, Mint Errors, World Coins, and Currency.
Authorized Dealer: PCGS NGC PMG ANA PNG

Local Storefront / Retail Gold and Silver Stores:

1. Ferris Stamp & Coin Address: 199 Wolf Rd, Albany, NY 12205 Phone number: (518) 434-3860
Authorized Dealer: NGC PMG
2. Olde Saratoga Coin Address: 1593 Central Avenue, Colonie, NY 12205 Phone number: (518) 452-0963
3. Roman Jewels Address: 1190 Western Avenue, Albany, NY 12203 Phone number: (518) 459-6331