Buying Gold and Silver in Rhode Island
The smallest and the 8th least populous of the US states, Rhode Island was first of the original thirteen colonies to declare its independence from the British Crown. It is also the second most densely populated among them, being nicknamed as the “Ocean State” due to its large bay and inlets areas.
This territory has been renowned for its silverware and jewelry manufacturing activity, as well as gold deposits which have been mined for years. Rhode Island has no tax on coins and bullion, being the home for many gold and silver dealers. Precious metal refining is also one of the main industries in the area, making Rhode Island an ideal attraction for any passionate numismatist.
Gold and Silver Dealers in Rhode Island State
Below you will find the list of wholesale precious metal dealers located in Rhode Island:
Wholesale Gold and Silver Dealers:1. American Rare Coin Address: 311 Newport Avenue, East Providence, RI 02916 Phone number: 401-434-1440 Hours of Operation: Wednesday-Friday 9:30-4, Saturday 9:30-2 Services: Wholesale, Retail, Auctions, Buying and Estate Liquidation, Appraisals, and Newsletter. 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, Bullion Coins, Ancient Coins, and Currency.
Local Storefront / Retail Gold and Silver Dealers:1. New England Coin Exchange Address: 935 Park Ave Suite 209, Cranston, RI 02910 Phone number: 401-339-29342. New England Gold and Silver Address: 1571 Newport Ave, Pawtucket, RI 02861 Phone number: 401-772-04663. Heritage Gun and Coins Address: 250 Cowesett Ave., West Warwick, RI 02893 Phone number: 401-826-00004. United Numismatic Coin Inc. Address: 1800 Mineral Spring Ave #200, North Providence, RI 02904 Phone number: 413- 842-6467
Breaking Down Bullion Sales Tax in Rhode Island
Within Rhode Island, there is an exemption from the standard 7% state sales tax rate for coins and precious metals bullion. However, other numismatic collectibles, such as medals, paper money or tokens, are not exempted from the sales tax on precious metals. Also, some cities may use local taxes which may increase the goods’ prices. Therefore, be sure to take into account these taxes when purchasing such non-coin collectibles and feel free to invest in tax-free coins and precious metal bullion.
Bullion Exchanges is not a precious metal retailer based in Rhode Island. This means that its residents are not susceptible to a bullion sales tax when purchasing from our web store. Browse our selection of free silver, gold, platinum, platinum and rhodium bullion products. Yet, please note that we are not experts on tax laws and we strongly advise you to contact your local tax professional before making a purchase.
Online Coin Dealers
Among the simplest ways to invest in precious metals items is to purchase them from online bullion dealers. You can find several online precious metal dealers in Rhode Island, but you can also check out our collection on Bullion Exchanges and get your order delivered in Rhode Island in no time.
- New England Coin Exchange – a small family-owned business which provides its services in New England and Rhode Island for more than 30 years
- Village Coin & Bullion – local bullion dealers specialized in gold and silver coins
- Podrat Coin Exchange, Inc. – local dealers with over 40 years of experience
- Continental Coin, Ltd. – local experts in rare coins, as well as antiques and jewelry
Smelters & Refineries/Mints
Precious metal refining is one of the most popular industries in this smallest US state. If you are looking for silver smelting or gold refining services, you can reach out to any of the below listed local smelters and refiners. However, keep in mind that Bullion Exchanges also provides smelting services to its clients, thus, feel free to contact us for any details.Advanced Chemical Company 105 Bellows St Warwick, RI 02888 401-785-3434Bonner Metals 800 Central Street, North Smithfield, RI 02896 1-800-732-5271Geib Refining Corp 399 Kilvert St, Warwick, RI 02886 401-738-8560Imperial Smelting & Refining Co 40 Bay State Ave, Warwick, RI 02888 401-739-5060Pease & Curren Inc 75 Pennsylvania Ave, Warwick, RI 02888 401-739-6350Refining One Inc 85 Ellenfield St, Providence, RI, 02905-4513 401-467-2700Smith Precious Metals 5 Virginia Ave St, Providence, RI, 02905-4427 401-467-5025