Buying Gold and Silver in Vermont
Vermont is one of the smallest and the second least populous states of the US, being also the only New England state which doesn’t border with the Atlantic Ocean. Vermont became the first US state outside the thirteen original colonies in 1791. It is renowned for being the top producer of the maple syrup in the US and the home of major industries, like durable goods manufacturing, health care, as well as marble and granite quarrying.
Although gold mining was registered as active in 1854 in Vermont, there are no official records which would indicate this industry as one of the leading ones. Besides, the existence of a special bullion tax makes Vermont a less attractive location for some gold and silver investors and collectors. However, its residents heavily invest in precious metal bullion, so you can find several top bullion dealers in this state, showcasing their generous collections.
Gold and Silver Dealers in Vermont State
Searching for a local coin dealer or coin shop in Vermont? Take a look at the precious metal dealers from the following list:
Wholesale Gold and Silver Dealers:1. Martin’s Coin & Jewelry, LLC Address: 1525 Shelburne Road, So. Burlington, VT 05403 Phone number: 800-650-2646 Hours of Operation: Tues - Fri 10 am - 5 pm, Sat 10 am - 3 pm, Closed Sun & Mon Services: Retail, Appraisals, Wholesale, and Buying and Estate Liquidation. Specialties: Gold Coins, Early Type, Dollars, 19th Century Silver Coins, Early Copper, 20th Century Coins, Nickel Coinage, Small Cents, Colonial Coins, Tokens/Medals, Patterns, Bullion Coins, Currency, and World Coins.
Local Storefront / Retail Gold and Silver Dealers:1. Yin’s Gifts & Collectibles Address: University Mall, 155 Dorset Street, South Burlington, VT, 05403 Phone number: 802-657-3583 Hours of Operation: 9:3a.m.-9p.m. M-S,10a.m.-6p.m. Sunday Services: Assists Collectors with Submissions, Appraisals, Collector Sales, and Storefront. Specialties: Barber Coinage, Morgan and Peace Dollars, Modern Coins, Seated Coinage, US Coins, and Small Cents.
Local coin shows & conventions
In comparison with its neighboring state New Hampshire, Vermont doesn’t host so many numismatic events, such as a coin show or coin convention, probably due to its special bullion tax. Below you will find the list of numismatic auctions and shows held in Vermont.
Most popular coin shows:
Every second Saturday of each month, Brattleboro hosts this amazing show where 15 Vermont dealers forgather to present their collections to the most exquisite numismatists. There is no admission fee, so make sure you include this spot in your journey when visiting the state.
Breaking Down Bullion Sales Tax in Vermont
Within Vermont, there are no sales tax exemptions on buying precious metals, which means that the sales tax of 6% is collected on coins, as well as paper currency and other numismatic items. The Vermont law on sales tax specifically states that the bullion sales tax is applied to “precious metals such as bullion, ingots, and wafers” as well as “coins and other numismatic items when purchased other than for use as a medium of exchange”. This means that any collectible item, except circulating money, is taxable. Along with the standard sales tax on precious metals, numismatic and bullion items may be due to additional local taxes, such as the 1% charged within cities and municipalities.
Bullion Exchanges is not a precious metal retailer based in Vermont which means that its residents are not susceptible to a bullion sales tax when purchasing from our website. Browse our selection of free silver, gold, as well as platinum, platinum and rhodium products. Nevertheless, please note that we are not experts on tax laws and you should contact your local tax professional before making a purchase.
Online Coin Dealers
Online bullion dealers have always been a convenient method to invest in precious metals within the home comfort. Yet, in Vermont, there aren’t many precious metal dealers which offer their collectibles online. Look over the list below or continue with shopping on our Bullion Exchanges website, as we offer you a wide collection of the latest and most exclusive bullion pieces on the market:
- Martin’s Coins – Longtime member of ANA and BBB with over 20 years of experience
Smelters & Refineries / Mints
Precious metal refining is not very popular in Vermont, probably because it’s a small state with only a few local companies specialized in gold or silver smelting. If you are looking for silver or gold refining services in the area, check the list below. You can also contact us, as Bullion Exchanges provides smelting services to any of its clients at a fair quote.Lp Tech LLC 3047 Vt Route 100 Stowe, VT 05672 802-253-0814