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Live Spot Prices:

Spot Prices:
Gold Ask 1,257.92 6.64 Open: 1,251 High: 1,258 Low: 1,244
Silver Ask 17.94 0.13 Open: 17.81 High: 17.96 Low: 17.63

Buying Gold and Silver in Alaska

sell to jm bullion

Gold mining has been a major industry in Alaska since the 1896 Klondike Gold Rush. To date, more than 40 million troy ounces of gold have been mined; at today’s market rate, the total value of this gold is more than $12 billion. According to the State of Alaska, it is the state’s most valuable non-energy commodity.

Due to its well-known association with gold, Alaska is one of the country’s largest markets for gold bullion. Despite the popularity of gold and silver investment here, there are few large Alaska coin dealers, primarily concentrated in Anchorage, the largest city in the state.

Bullion Sales Tax in Alaska

The state of Alaska has no sales tax (http://www.tax.alaska.gov/programs/programs/index.aspx?10002). As such, bullion, coins, and other forms of precious metals are not taxed here. This makes Alaska one of the best places in the country to invest in gold and silver bars and coins. Individual cities may charge sales taxes, but most have chosen not to tax bullion.

Anchorage, the largest Alaskan city – and the location of most of the state’s precious metal dealers – does not charge local sales taxes, so any purchases of gold and silver made here are tax-free. With no state sales tax, this is a great opportunity to purchase gold and silver coins, bars, and rounds at the best price to get the maximum value from your investment.

JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Alaska residents. Browse our selection of tax-free gold and silver products. Please note that we are not tax experts, and individuals may be liable to pay local Use tax.

Local Gold and Silver Dealers in AK

If you are looking for coin shops in specific cities located in the state of Alaska be sure to check out our other local directory pages:

Below is a list of local precious metals dealers in Alaska, including directions to each local shop.

Oxford Assaying & Refining

As one of Alaska’s best-known precious metal dealers, they have served the state’s bullion investors for more than three decades. With locations in both Fairbanks and Anchorage, their knowledgeable staff members are ready to assist you with all of your gold and silver investment needs, whether you are buying or selling.

Their inventory consists of top-quality precious metal bars, rounds, and coins, and they offer reasonable prices whether you are looking to add to your collection or sell your investment. In addition to gold and silver, they also offer platinum and palladium products. Oxford Assaying & Refining operates their own refinery, and also offers custom minting services.

3406 Arctic Boulevard
Anchorage, Alaska 99503
(907)561-5237

Alascoin

Alascoin, a division of Carl’s Jewelers, has operated in Anchorage for more than half a century. Established before Alaska became a state, Alascoin is noted for top-notch customer service, and specializes in paper currency and rare coins.

Alascoin also provides gold nuggets, diamonds, silver, and platinum. Shop at Alascoin for top quality precious metals at reasonable prices. Being located in Anchorage, there is no sales tax on your gold or silver purchases.

3901 Old Seward Hwy #2
Anchorage, Alaska 99503
(907) 561-CARL

Roy Brown’s Coins & Collectables

Roy Brown’s calls itself the “Oldest & Largest Coin Store in Anchorage.” Aiming to be your one-stop source for rare coins or precious metal bullion, they carry a wide range of paper currency, coins, and junk silver, along with tokens, medals, and other collectibles. Shop here for friendly service and personalized attention.

3201 Spenard Road
Anchorage, Alaska 99503
(907) 563-6708

Uncommon Cents

This small coin shop is a great local resource for coins and bullion, along with other numismatic collectibles. While the selection is fairly small compared to that offered by large-scale precious metal dealers, Uncommon Cents is known for friendly service, and is more than welcoming to new investors or collectors who wish to learn more about the numismatic world.

10355 E Palmer Wasilla Hwy
Palmer, AK 99645-8821
(907) 745-7887

Local Gold and Silver Mints in Alaska

Also browse the gold and silver mints local to Alaska. Some of these mints offer retail products, while others are wholesale only.

Alaska Mint

The Alaska Mint is the northernmost mint in the United States. They offer a wide variety of gold products, including jewelry, knives, and other gifts. Since 1990, the Alaska Mint has also minted their own custom gold and silver rounds. The artwork on these medallions often features local Alaskan designs, making these rounds highly collectible.

They are produced in very small numbers each year, and are prized by local investors. Their most unique offering, however, is raw gold nuggets from gold veins throughout the state. The Alaska Mint is considered to be a local fixture; located in downtown Anchorage, it is the starting point of the famed Iditarod Sled Dog Race.

429 West 4th Avenue
Anchorage, Alaska 99501
(800) 770-6468 

Oxford Assaying & Refining

Oxford Assaying & Refining, also one of the state’s best known precious metal dealers, offers custom minting services. Oxford Assaying mints custom rounds in silver and gold, as well as base metals like bronze and copper, and offers design services to those wishing to design their own medallions.

3406 Arctic Boulevard
Anchorage, Alaska 99503
(907) 561-5237

Thank you for reading our guide to gold and silver buying in Alaska. If you know of any other coin or bullion shops in AK, please contact us so we can update our directory.