Buying Gold and Silver in South Dakota

Buy gold and silver in South DakotaSouth Dakota gets its name from the Lakota and Dakota Sioux Native American Tribes, who historically dominated this place. In the 1803 Louisiana Purchase, USA acquired South Dakota, too. After the arrival of the railroad in 1873, South Dakota started developing, and in the succeeding year, 1874, gold was discovered in the Black Hills, which led to the Black Hills Gold Rush. With miners pouring in, there was further development in South Dakota. South Dakota was incorporated as a state along with North Dakota in 1889. The capital of the state is Pierre. The state is geographically divided into two parts by the Missouri River which is flowing in the middle of it. These two parts of the state are socially distinct, too, and they are known as East River and West River.

The East River or Eastern South Dakota has fertile lands and is home to a majority of South Dakota’s population. Agriculture is an important aspect of livelihood in this region and a variety of crops are grown here. In West River or Western South Dakota, the predominant agricultural activity is ranching, and tourism and defense are the main aspects of the economy here. The Black Hills, a sacred place to the Sioux, is located in West River along with Mount Rushmore.

There are many tourist attractions in South Dakota like the Mount Rushmore National Monument, Badlands National Park, Custer State Park, Crazy Horse Memorial, Wind Cave National Park, Mammoth Site, Homestake Gold Mine, Spearfish Canyon, National Music Museum, Pettigrew Home and Museum, Sertoma Butterfly House and Marine Cove, Old Courthouse Museum, Casey Tibbs Rodeo Center, Lewis and Clark Recreation Area, Jewel Cave National Monument, Falls Park, Native American Scenic Byway, Cultural Heritage Center, and many more. South Dakota has a few popular precious metal bullion dealers who have clients nationwide. They deal with all varieties of coins, bullion, stamps, paper currency, antiques, jewelry, and other collectibles.

Gold and Silver Dealers in South Dakota, 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. USA sees many coin shows throughout the year, and South Dakota is among the states which host a few of the most famous coin shows of the nation. If you are planning to visit South Dakota soon, take a look at the most popular coins shows in this state which are listed below.

Most Popular Coin Shows:

South Dakota Coin & Stamp Association Show – Sioux Falls Convention Center Ballroom 1201 North West Avenue Sioux Falls, South Dakota 57104. Phone: 605-321-9195

Sponsored by AMA Coins, this is one of the top coin shows in South Dakota. The show will have a minimum of 65-70 dealer table setup and will have coins, currency, gold, silver, sports card, political memorabilia, and much more on display. The dealers will buy, sell, and trade all these items. The show will be attended by many coin enthusiasts from around the region. Admission is free. Show timings are Saturday 9 a.m. – 5 p.m. and Sunday 9 a.m. – 4 p.m.

Watertown Semi-Annual Coin & Currency Show – Elks Lodge 600 West Kemp Ave Watertown, South Dakota 57201. Phone: (605) 882-4663

The show is organized by the Kampeska Coin and Stamp Club and is an annual show. There will be a minimum of 22 dealer table setup at this show and the dealers will display their vast inventory of coins, currency, stamps, and other numismatic items. The dealers will buy, sell, and trade all types of numismatic items. Admission is free. The show timings are 10:00 a.m. – 4:00 p.m.

Breaking Down Bullion Sales Tax in South Dakota

There is a sales tax exemption on many forms of coins and bullion in South Dakota. Bullion is any bar, ingot, or commemorative medallion of gold, silver, platinum, palladium or any combinations of these metals. Coins or currency are any legal tenders made of gold, silver, or other metal or paper which is or has been used as legal tender. The exemption does not include any type of jewelry or tokens but does include collectible coins. If a coin is made into jewelry, the coin loses its value and is no longer considered an exempted coin. There is a 4% sales tax on those items that are not exempt from tax and an additional local use tax is also applied.

Source: http://dor.sd.gov/taxes/business_taxes/publications/PDFs/Tax%20Facts/Financial%20Institutions.pdf

When buying from Bullion Exchanges, the residents of South Dakota do not have to pay any sales taxes, as Bullion Exchanges is not based in South Dakota. 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 South Dakota.

  • Dakota Coin & Precious Metals – They are the oldest precious metal dealers in the Black Hill, and they have clients from all over the country.

Local Precious Metals Companies:

Dakota Coin and Precious Metals 615 Saint Joseph St. Rapid City, SD 57701 Phone: 605-484-9788

This is one of the oldest precious metal companies in the Black Hills region. When it comes to buying and selling precious metal items like coins and collectibles, theirs is a trusted name. They have clients from all over the country, and their numismatic experience offers these clients’ high-class advice and services. They make confidential house calls and they also provide a private viewing room in their store. They are a PCGS, NGC, and ANA authorized dealer.

Coins & Collectibles 1330 Empire Mall Sioux Falls, SD 57106 Phone: 605-361-0005 / 605-361-3676

They are in the precious metal business for over 30 years now and they buy and sell all types of coins and collectibles. They have a loyal customer base and are one of the most reputable precious metal companies in South Dakota. The company is a PCGS authorized dealer.

AMA Coins 114 E First Street Tea, South Dakota 57064 Phone: 605 321-9195

They have been in this business for over 19 years now and apart from buying and selling precious metal products, they also appraise and pawn them. One can find a variety of coins, paper currency, gold, silver, sterling silver, jewelry, small antiques, and many more at their store. They also conduct the AMA Coin Show every year.

Smelters & Refineries

If you have some gold coins, small bars or jewelry items which you want to convert to other precious metals pieces, Bullion Exchanges offers you high-class gold and silver smelting. Below you will also find renowned precious metal smelters and refiners in South Dakota.

Rapid Precious Metals 3290 Lien St Rapid City SD 57702-0340 Phone: (605) 343-1533

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