Buying Gold and Silver in Utah

Utah The name Utah is derived from the word Ute Tribe, which means “People of the Mountain.” As per other sources, Utah is derived from the word “Yudah,” an Apache name which means “Tall.” In 1824, Jim Bridger was the first English man to spot the Great Salt Lake that is located here. In 1847, the Mormons started building the Salt Lake City. After the end of the Mexican War, US acquired the Utah region in 1848. Utah has abundant natural resources and is rich in copper, gold, lead, silver, zinc, potassium salts, and molybdenum. Gilsonite, a pure form of asphalt that is used in dark color inks and paints, is produced only in the State of Utah. The state is also a center for transportation, education, government services, information technology, mining, and research.

Utah is a popular tourist destination as there are many beautiful places to visit in this state like the Arches National Park, Monument Valley, Zion National Park, Canyonlands National Park, Bryce Canyon National Park, Park City, Grand Staircase-Escalante National Monument, Capitol Reef National Park, Cedar Breaks National Monument, Natural Bridges National Monument, Dinosaur National Monument, Golden Spike National Historic Site, Great Salt Lake, Mormon Temple, Timpanogos Cave National Monument, Lake Powell, Four Corners Monument, Flaming Gorge, and many more. There are many shopping centers and malls for those who love shopping and there are also a few popular precious metal dealers in the area who can offer some rare coins and collectibles.

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

Most popular coin shows:

Annual Utah Coin Show – SLCC Miller Training Center 9750 South 300 West Sandy, Utah 84070. Phone: Campbell 801-467-8636

This event sponsored by the Utah Numismatic Society is conducted every year in the fall. The show sees many dealers from around the region and coin enthusiasts can buy, sell, or trade coins and collectibles with them. The admission charge is $3 per person and $5 per family. The show timings are Fri 10:00 a.m. – 7:00 p.m. and Sat 10:00 a.m. – 7:00 p.m.

Salt Lake Coin & Token Show – SLCC Miller Training Center 9750 South 300 West Sandy, Utah 84070. Phone: 801-467-8636

This is an annual coin show that is organized by the National Utah Token Society, and the event is often conducted in the summer. The show is held for more than 30 years now. There will be many dealers attending this show from inside and outside of Utah which will display a wide selection of coins and collectibles. Numismatists and amateur coin collectors can buy, sell, and trade coins and collectibles here. The admission charge per person is $3 and per family is $5. The show hours are Fri 10:00 a.m. – 7:00 p.m. and Sat 10:00 a.m. – 7:00 p.m.

Northern Utah Coin Show – Davis Conference Center 800 West Heritage Park Boulevard Layton, Utah 84041 Contact: Ralph Muller 801 581-0991

This is an annual event conducted every year in spring by the Ogden Coin Club. The show is organized for more than 40 years now and will be attended by many dealers and coin enthusiasts. One can buy, sell, and trade a variety of coins and collectibles at this show. The event charges a nominal admission fee of $3 per person and $5 per family. The timings of the show are Thu 2:00 p.m. – 7:00 p.m., Fri 10:00 a.m. – 7:00 p.m., and Sat 10:00 a.m. – 7:00 p.m.

Wasatch Winter Coin Show – Salt Lake Community College Miller Conference Center 9750 South 300 West Sandy, Utah 84070. Phone: 801-467-8636

The show is sponsored by the Wasatch Winter Coin Club and is organized every year in winter. This event has been conducted for more than 25 years now and will see many coin dealers from in and around Utah. Numismatists can enjoy a grand display of various coins and collectibles and can buy, sell, and trade coins and collections. Admission charges are $3 per person and $5 per family. The show hours are Friday 10:00 a.m. – 7:00 p.m. and Saturday 10:00 a.m. – 7:00 p.m.

Breaking Down Bullion Sales Tax in Utah

Utah exempts sales tax on most forms of coins and bullion products. Legal tender currencies and coinage of the United States, as well as foreign countries, along with non-legal tender ingots, bars, medallions, and decorative coins that are made of at least 50% gold, silver, or platinum, are all exempted from the sales tax. However, certain precious metals like rhodium and palladium and those nonlegal tender collectible items like tokens that are not made of at least 50% precious metals are all subject to a 4.7% bullion sales tax. An additional local use tax is also applied, that varies and can total up the taxes up to 8.35%.

Source: http://tax.utah.gov/forms/pubs/pub-25.pdf

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

  • American Coin – One can find a wide variety of US coins, tokens, and commemorative pieces at this dealer.
  • Rust Rare Coin, Inc. – Founded in 1966, it provides excellent services to collectors and investors. They have a wide selection of rare coins.
  • Drockton Bullion and Coin – They specialize in high-quality gold and silver products that are ISO 9001 certified, COMEX registered and IRA eligible.
  • Olympus Gold and Rare Coins – They offer a wide variety of US and world coins, rare coins, and precious metal bullion.

Mints in Utah

The Regency Mint 222 West Center Street #1543 Orem, UT 84059 Phone: (888) 673-5052

The mint was founded in a garage in 1999. The minting quality and the genuine customer care impressed many clients which led to an increased demand for the products of this mint. It quickly grew into a large company with a minting capacity of 160,000 medallions per month. This is a family owned ISO 9001:2008 Certified Company. They manufacture a wide range of gold, silver, and copper rounds and bars, and their products are eligible for Precious Metal Individual Retirement Accounts. They offer a wide variety of services, including minting precious metal bullion products, custom minting, producing blanks, and much more.

Local Precious Metals Companies

Rust Rare Coin, Inc. 242 East 300 South, Salt Lake City, UT 84111 Phone: (801) 363-4014

Located in Salt Lake City, this company was founded in 1966. Their inventory is extremely impressive and they have been providing excellent services to both collectors as well as investors in the past 50 years. The quality is superb and the prices are nationally competitive. They specialize in US and foreign coins and currency, early Utah and Mormon coins and notes. They also buy gold jewelry, sterling silverware, and scrap at top dollars and also offer appraisals. They are authorized by NGC, PCGS, ICTA, ANA, and CCE.

Monarch Coin Corporation 211 E. 3900 S., Salt Lake City, UT 84107-1530 Phone: 801-262-5874

This is the place to buy all the modern bullion like Krugerrand, American Silver Eagles, Canadian Maple Leafs, as well as privately minted silver bars. They also have an impressive stock of 40% and 90% US silver coins. A bulk purchase with Monarch Coin Corporation attracts a great discount. This is a PCGS, NGC, and PMG authorized company.

American Coin 1170 S. State St., Orem, UT 84097 Phone: 801-235-9090 / 800-771-2646

They have been in this business for many years and are located in the Orem area. Their numismatic experts have worked with several grading services and have many years of experience in authenticating and grading coins. Their inventory is extensive and their products are exceptional. They have an eBay store as well. They are a PCGS and NGC authorized dealer.

Olympus Gold and Rare Coins 3161 South 700 East, Salt Lake City, UT 84106 Phone: (801) 859-4752

Olympus Gold and Rare Coins have an impressive collection of world gold coins, silver dollars, rare type coins, world banknote sets, world coin sets, silver eagles, and much more. Their guarantee to their client is that they sell only original mint made products that are authenticated as genuine products. If clients are not satisfied with the products, the company has a 5-day return policy with a full refund of the purchase price. They are an ANA authorized member.

Legacy Rare Coins 4431 Commerce Dr., Murray, UT 84107 Phone: (866) 777-2060

They have some hard to find coins in their collection and specialize in both modern as well as ancient and rare coins. Their excellent customer service and superior product quality have earned them many loyal clients. They have been in this business for many years and have extremely experienced personnel in their team. They are a PCGS authorized dealer.

Bullion Depositories

Utah Gold & Silver Depository LLC PO Box 41 Draper, Utah 84020 Phone: 801-631-7449

UGSD has over 25 years of experience in the business and offers several options for investors to deposit their gold and silver investments. They have various depository accounts like individual accounts, commercial accounts, collateral accounts, IRA custody account, etc. The customers can choose the account that best suits the security of their investments. UGSD extends their depository services to only rare coins that have been authenticated, graded and certified by either PCGS, NGC, or ICG as these certifications are internationally recognized as accurate reflections of authenticity, condition and therefore, relative value.

Safe Haven Private Vaults 8675 South 700 East Sandy, UT 84070 Phone: 1 (801) 569-3000

They offer safe, secure, and anonymous storage options for all types of valuables. The highest level of security is provided by this bullion depository and individuals can access their personal valuables 24 hours a day and 7 days a week. They have different sizes of vaults available and one can choose the best one according to its needs and necessity. The annual fee is $400 for round the clock access and impenetrable security. They are a member of Salt Lake City Chamber of Commerce, Sandy City Chamber of Commerce, and the Better Business Bureau. The building has several layers of steel reinforced and ballistic grade walls, bulletproof glass, laser, motion, and pressure sensors, over 50 cameras, backup power, state-of-the-art fire prevention systems and even armed guards. This is one of the most secure places to store valuables and commodities in anonymity.

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 Utah.

Cascade Refining, Inc. 2490 South 3200 West West Valley City, Utah 84119 Phone: 801-972-5857
Asahi Refining USA, Inc. 4601 2100 S West Valley City, UT 84120 Phone: 801-972-6466
Intermountain Gold Refiners 237 E 1000 N #2 Logan, UT 84321, USA Phone: 435-760-9284