Buying Gold and Silver in Pennsylvania
Being the only one state among the thirteen original colonies which does not border with the Atlantic Ocean, Pennsylvania is also the second state that ratified the Constitution of the United States. Some of the major historical American documents, such as the Declaration of Independence, have been signed in Pennsylvania. Historically, the state was the home of heavy industries, yet over time, the economy had diversified, switching to finance, banking and insurance.
Today, Pennsylvania is the sixth most populous and the ninth most densely populated state in the US. Pennsylvania is one of the primary manufacturing centers of the country, being the home to fifty of the top Fortune 500 companies. The state hosts some small-scale silver and gold mining, yet the absence of a sales tax on precious metals makes it a major attraction to both bullion dealers and investors all over the country.
Gold and Silver Dealers in Pennsylvania State, by City:
Looking for coin shops or precious metal dealers in Pennsylvania? Check out the following city directory pages:
- Allentown Coin and Bullion Dealers
- Erie Coin and Bullion Dealers
- Philadelphia Coin and Bullion Dealers
- Pittsburgh Coin and Bullion Dealers
Local coin shows & conventions
Coin collecting is one of the most popular hobbies in the world, especially in the United States. By visiting any coin show or coin convention held in Pennsylvania, you will have the chance to see various numismatic collections. Some of the following numismatic events also offer you free appraisals and various educational programs, so stop by anytime you’ll be visiting Pennsylvania.
Most popular coin shows:
This is the biggest and most popular coin show held in Pennsylvania. It occurs each spring in early May and each fall in late October, hosting over 90 dealers and 130 tables which present their valuable numismatic collections. The show has a free admission and also provides free parking and educational program for kids. The event takes places during three days, from Thursday to Saturday.
Another renowned coin show held in this area takes place each year in the middle of September and gathers together over 150 dealer tables from the region. There is no fee for admission and parking, as well as no sales tax on bullion and coins. Opens on Friday and Saturday from 10 AM to 5 PM.
This well-known coin show is held every fourth Sunday of each month. It hosts over 65 coin and stamp dealer tables which display their numismatic items from 10 AM to 4 PM. The admission is free, and the show also offers free parking services.
This coin show takes place during two days at the beginning of February and showcases 40 tables presenting their renowned numismatic collections. It opens up at 10 AM and closes at 5 PM on Saturday and 3 PM on Sunday. The show also offers free hourly door prizes.
This popular numismatic event is held twice a year, every spring (end of March) and fall (beginning of September), gathering over 100 dealer tables from around the country. It takes place during three days and is open on Friday and Saturday from 10 AM to 6 PM, Sunday until 3 PM. It offers a daily gold coin giveaway and an hourly $10 Door Prize.
This highly popular coin show is held only once a year and covers a wide range of numismatic items, including US, foreign, ancient coins, paper money, tokens, and medals, presented by 40 dealer tables. There is no admission fee for the show, and it also provides free parking.
This yearly one-day coin show is one of the most heavily attended numismatic events, hosting 40 tables displayed by 24 dealers from NY, Ohio and Pennsylvania. It is held at the end of the March and has free admission and free parking services.
Coin dealers across the state showcase their collection twice a year (March and October) at this popular numismatic show. The event host 25 tables and has a free admission.
Over 53 coin dealer tables present their numismatic items during two days in February (Sat 9AM-5PM and Sun 9AM-4PM). The show offers hourly door prizes.
53 dealer tables showcase their collections on Saturday (9AM-5PM) and Sunday (9AM-4PM) at the end of April. The event offers free admission and parking.
This numismatic show is held in every month and hosts over 42 dealer tables showcasing their impressive collections. There is no admission fee.
Breaking Down Bullion Sales Tax in Pennsylvania
According to the state law, within Pennsylvania, precious metal bullion and coins are currently exempted from sales taxes. Precious metal bullion is considered eligible if it derives its value not from its form, but from its content, while coins should be legal tender either in the US or any other foreign country. However, there is a pending legislation in the state Senate which may repeal this exemption and make bullion and coins eligible for the local sales tax of Pennsylvania. The current sales tax in Pennsylvania is 6%, but the bill may raise it up to 7%. Yet, until this bill passes, or any other bill regarding the establishment of a bullion tax, you should keep in mind that there is a local sales tax of 1% in Allegheny County (Pittsburgh) and 2% in Philadelphia. Also, medals and tokens, as well as paper money, are not exempted from the sales tax.
Bullion Exchanges is not a Pennsylvania-based precious metal retailer. Therefore, Pennsylvania residents are not eligible to pay any bullion sales tax when buying precious metal items on our website. Thus, feel free to check our large selection of gold, silver, palladium, platinum and rhodium goods. Yet, please note that we are not experts on tax laws, so we advise you to check with your local tax professionals before making your purchase.
Online Coin Dealers
Among the easiest ways to invest in precious metals is making purchases from online precious metal dealers. In Pennsylvania, you will find several online bullion dealers, but feel free to check our wide collection of the newest and most exclusive bullion products displayed on our website:
- Keystone Rare Coins – Buying and selling rare US coins since 1981
- JM Bullion – one of the most popular e-commerce bullion dealers
- Security Rare Coins – a popular rare coin seller
- John Paul Sarosi, Inc. – renowned coin dealer since 1980s
- Harold B Weitz, Inc. – premier rare coins dealer of Pittsburgh
Local precious metals companies/Mints
Philadelphia Branch of the US Mint
The Philadelphia facility of the US Mint was the first continental national mint established on the territory of the United States. Since Philadelphia was the country’s capital at that time, the mint was built in this city in 1792. The first coins minted at this facility were made of silver, gold, and copper, bearing face values of $10, $5, $2.50, half cents and half dimes. Today, the Philadelphia facility produces circulating coins of all denominations, as well as commemorative coins, at its four buildings, the last one being opened in 1969. The uncirculated pieces struck at this facility carry the “P” mint mark. This branch also employs an elite team of sculptor-engravers who create the sculptural models and designs for all national US coins and medals. The Philadelphia facility allows public tours which give you the chance to watch the ongoing striking at huge 24/5 machines, along with the original coining press used in 1792.
The Franklin Mint
The Franklin Mint was founded in 1964 by Joseph Segel in Wawa, Pennsylvania. The Franklin Mint produced legal tender coins for several foreign countries, as well as silver and gold ingots. The mint is now specialized in fine art rounds and themed sets, but its product range also includes porcelain dolls, figurines, medallions (including the ones made from other metals) and other collectibles. Today, the company is owned by Sequential Brands Group which is headquartered in New York City.
Smelters & Refineries
With one of the oldest and highly renowned mints located in this state, Pennsylvania is the home of many precious metal refining companies. The companies listed below provide gold refining and silver smelting services, as well as other types of refining services. However, keep in mind that Bullion Exchanges also offers you precious metal smelting services, so contact us for any additional details that you may need.Johnson Matthey Mint (Wayne plant) 1401 King Rd West Chester, PA 19380 610-648-8000Garfield Refining 810 East Cayuga Street Philadelphia, Pennsylvania 19124 800-523-0968Melting Bar LLC 740 Sansom Street, Suite 202, Philadelphia, PA 19107 215-627-4653A Plus Precious Metals 6907 Torresdale Ave Philadelphia, PA 19135 215-821-3751Pyromet 5 Commerce Drive Aston, PA 19014 610.497.1743Abington Metals Refinery & MFG 4924 Wellington St Philadelphia, PA 19135 215-335-3200BMX Metals 722 Sansom St Philadelphia, PA 19106 215-309-3599