Buying Gold and Silver in Virginia
Virginia, officially known as the Commonwealth of Virginia, is a southeastern state of the USA that is located in the mid-Atlantic region. Virginia has several nicknames like the “Old Dominion” since the first permanent British Colonial settlement was here in Virginia. It is also known as the “Mother of Presidents” because eight US Presidents were born in Virginia.
Initially, tobacco used to be the basis of the economy of Virginia. However, it has been replaced by livestock and livestock products, seafood like crab and oyster, vegetables like potatoes and sweet potatoes, and fruits like apples. In the recent years, information technology is also a booming industry, as well as several service industries like healthcare, hotels, and motels.
There are many attractions within the state like the Mt. Vernon, Monticello, Williamsburg, restored Colonial capital, home of George Washington, home of Thomas Jefferson, Arlington House, the Shenandoah National Park, Fredericksburg and Spotsylvania National Military Park, Colonial National Historical Park, Blue Ridge National Parkway, Skyline Drive, and many more.
There are also many popular shopping centers in Virginia like the Eden Center, Merchants Square, Short Pump Mall, Williamsburg Antique Mall, etc. If you are in Virginia or planning to visit the state soon, you must also know that there are some popular precious metal dealers in this area, both retailers, and wholesalers. Besides, for numismatic enthusiasts, there are many popular coin shows held around the year by different numismatic clubs of Virginia.
Gold and Silver Dealers in Virginia, by City:
Please check these directory pages to find local precious metals dealers in your city.
- Virginia Beach Coin and Gold Dealers
- Norfolk Coin and Gold Dealers
- Chesapeake Coin and Gold Dealers
- Richmond Coin and Gold Dealers
- Alexandria Coin and Gold Dealers
- Fairfax Coin and Gold Dealers
- Hampton Coin and Gold Dealers
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 Virginia is among the states which host a few of the most famous coin shows of the nation. If you are planning to visit Virginia soon, take a look at the most popular coins shows in this state which are listed below.
Most Popular Coin Shows:
This coin show is hosted by Virginia Numismatic Association and will have a 40 table setup. Dealers from around the region will attend this event and display their collections. Coin enthusiasts can buy, sell, and trade coins and other collectibles. There will be free drawings for door prizes throughout the day. Admission is free. The timings of the show are 9:00 a.m. – 4:30 p.m.
This coin show is sponsored by the Alexandria Coin Club. The event has a setup of at least 50 tables and will see dealers from around the region buying, selling, and trading coins and collectibles. One can find a variety of US coins, rare coins, ancient coins, foreign coins, tokens, medals, jewelry, and other numismatic items here. There will be door prizes for first 500 attendees, raffle for gold and silver coins, free appraisals, and seminar. Admission and parking are free. The show hours are 9:00 a.m. – 5:00 p.m.
This coin show is sponsored by the Tidewater Coin Club. Many dealers from around the region will attend this show. There will be an educational display of American coinage, foreign coinage, ancient coinage, stamps and postcards, and other collectibles. There will be free raffles, and free give away items, free activities and education programs for kids. Admission is free. Show hours are Saturday 10:00 a.m. – 6:00 p.m. and Sunday 10:00 a.m. – 4:00 p.m.
The show will have a 40 table setup and dealers from different states will attend this event displaying their vast inventories. The dealers will buy, sell, and trade US coins, world coins, rare coins, paper money, medals, tokens, and jewelry. There will be refreshments for all who attend this show. The admission and parking are free. Show hours are Saturday 9:30 a.m. – 5:30 p.m. Sunday 9:30 a.m. – 3:30 p.m.
The show is organized by the Winchester Coin Club and is held at least twice a year. The event will have at least 32 table set up and more than 20 dealers will attend this show buying, selling, and trading US and world coins and currency. The ANACS will be there at the show and will be accepting submissions for grading and authentication. Charges are applied. Show hours are Saturday 9:30 a.m. – 4:30 p.m.
This numismatic event will see dealers from many different states of USA and will have at least 50 table setup displaying a vast inventory. Numismatists can buy, sell, and trade coins currency, bullion, and proof and mint sets here. Parking and admission are free. Timings of the show are Fri 12:00 p.m. – 6:00 p.m., Sat 10:00 a.m. – 6:00 p.m., and Sun 10:00 a.m. – 4:00 p.m.
The show is organized by the Shenandoah Valley Coin Club twice a year in April and December and is sponsored by the Weyers Cave Lions Club. The event offers 79 tables for rent and at least 37-40 dealers from Virginia and the neighboring states will attend this show displaying their unique numismatic related items for sale. The ANACS, one of the oldest grading services in America, will be present at the show accepting submissions for grading and authentication. Apart from these, there will be refreshments and hourly raffle drawings. Admission is free.
The show will be attended by dealers from all over the country, mainly the southern states. The show will have a 90-table setup, and the dealers will display a wide variety of numismatic collectibles such as US coins and currency, world coins and banknotes, ancient coins; gold, silver, and platinum bullion; medals, tokens, and memorabilia; hobby books and supplies, gifts and collectibles. ANACS will be present to accept submissions for authentication and grading. There will also be kids programs that will have educational presentations, free coins, and auctions. Parking and admission are free. Show timings are Saturday 10 a.m. – 5:00 p.m. and Sunday 10 a.m. – 4 p.m.
The show is organized by the Virginia Numismatic Association and has a 150 table setup. Many dealers from around the region attend this show and numismatists and coin enthusiasts can buy, sell, and trade their collection here. There will also be seminars conducted by speakers and educational exhibits to know about the rich coinage history of America and the world. There will also be youth activities and scout certification. Admission and parking are free. Show timings are Fri 10:00 a.m. – 6:00 p.m., Sat 10:00 a.m. – 6:00 p.m., and Sun 10:00 a.m. – 4:00 p.m.
Breaking Down Bullion Sales Tax in Virginia
In Virginia, there is an exemption from the Retail Sales and Use Tax for gold, silver, or platinum bullion, if the total sales price for each such transaction exceeds $1,000. This exemption was implemented on July 1, 2015, and is scheduled to expire on July 1, 2019. Gold, silver, and platinum items are expected to meet all of the following requirements for the aforementioned exemption from Sales and Use Tax:
- Must be refined.
- Must contain at least 90 percent gold, silver or platinum, or some combination of these metals.
- The sales price of the item must fluctuate with and depend on the market price of the underlying precious metal, and not on the item’s rarity, condition, age or other external factors. Bullion with a sales price that exceeds 120% of the value of the underlying precious metal will not qualify for the sales and use tax exemption.
When buying from Bullion Exchanges, the residents of Virginia do not have to pay any sales taxes, as Bullion Exchanges is not based in Virginia. 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 Virginia.
- Penny Pincher Coins - An online and wholesale full-service coin and currency dealer in Fairfax since 2007.
- Cameo Coins & Collectibles - Professional numismatists, coin dealers and coin appraisers with 21 years of experience.
- Capital City Coins & Currency - Coin dealers, collectors, and investors located in Richmond for over two decades.
- Silver Eagle Coins & Collectibles - Locally owned and operated for more than 35 years at Virginia Beach.
- David Lawrence Rare Coins - A family business founded in 1979, popular for selling a 19th Century rare dimes.
Local Precious Metals Companies:Dominion Coin Company 3304 Taylor Road, Suite E Chesapeake, VA 23321 Phone: 757-606-3999
They deal with a variety of coins like the US coins, gold coins, dollars, early type 19th century silver coins, 20th-century coins, modern coins, commemoratives, early copper small cents nickel, coinage colonial coins, tokens/medals, bullion coins, world coins, and currency. They provide appraisals and buying and estate liquidation. They are wholesale dealers authorized by PCGS and NGC.David Lawrence Rare Coins PO Box 9174 Virginia Beach, VA, 23450 Phone: (800) 776-0560
This is a family owned business that was founded in 1979. The store has all varieties of coins like the classic US coins, modern US coins, gold and bullion coins, world coins, ancient coins, tokens, and medals. They also offer services like appraisal, auctions, buying and estate liquidation. They are a PCGS, NGC, and PMG authorized wholesale dealer.Cameo Coins and Collectibles 444 Maple Ave E Vienna, VA 22180 Phone: 703-281-7053
They are based in Vienna and are in this business for 21 years now. Their service is not limited to the region or the state, but they serve the entire nation. They also have a great eBay store. The company deals with a wide variety of coins and their inventory is very vast. They also provide appraisals, buying and estate liquidation, and they buy all types of scrap precious metals, too. They are a wholesale dealer and are authorized by various prestigious numismatic-related institutes like PCGS, NGC, ANA, etc.Penny Pincher Coins 10409-A Main St. Fairfax City, VA 22030 Phone: 703-383-1414
Established in 2007 as an online and wholesale full-service coin and currency dealer, Penny Pincher Coins have grown big enough to open an 11,000 sq. ft. retail shop in Fairfax City. Their inventory is commendable and one can find a great assortment of coins and collectibles. Apart from the focus on numismatics, they also offer services like appraisals, estate liquidation, art, antiques, and jewelry. They are a PCGS authorized dealer.
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 Virginia.Commonwealth Precious Metals LLC 3703 Depot Road, Rustburg, VA 24588 (434) 942-7475Hiddenwood Gold Rush Inc. 130 Twin Lake Circle, Newport News, VA 23606 (757) 594-9009Honest Gold Guy of Virginia LLC 145 Smithfield Way, Fredericksburg, VA 22406 (540) 371-6710JAS Precious Metals 23405 Front St., Accomac, VA 23301 (757) 787-8743Jeff Davis Precious Metals 4150 Meadowdale Boulevard, Chesterfield, VA 23234 (804) 439-3968Kambourian Diamonds & Precious Metals LLC 3317 West Cary St., Richmond, VA 23221 (804) 254-4653Madison Precious Metals Inc. 13817 Village Mill Drive # 101, Midlothian, VA 23114 (804) 897-4450Precious Brandmark Metals LLC 121 Peachtree, Williamsburg, VA 23188 (757) 259-5909Precious Metal Liquid 9502 Fairfax Boulevard, Fairfax, VA 22031 (703) 280-2075Precious Metal Liquidators 10762 Sudley Manor Drive, Manassas, VA 20109 (703) 368-2093Precious Metal Liquidators Inc. 6410 Brandon Avenue, Springfield, VA 22150 (703) 451-1746Precious Time LLC 1111 East Main St Floor 16, Richmond, VA 23219 (804) 343-4380