Arkansas is among the richest places in the country for gold and silver. Investing in precious metals is particularly popular here.
As a result, there are a number of highly rated gold and silver dealers in every corner of the state, ranging from small family-run shops to large multi-location enterprises.
One downside to buying silver and gold in Arkansas is the sales tax rate, which is fairly high.
Bullion Sales Tax in Arkansas
The state of Arkansas charges a 6% sales tax which does apply to purchases of coins, bullion, and paper currency. There are no exemptions written into the law for any sales of coins or bullion, regardless of the transaction size or the specific items being purchased. As a result, sales tax will be due for any purchase of these items made in the state of Arkansas.
In addition to the 6% state tax, there may also be additional local or county taxes; in some cases, the total sales tax rate when buying gold in Arkansas is as high as 11%. Sales taxes are relatively high throughout the state, which can eat into your investment potential. For this reason, many Arkansas gold investors opt to shop online in order to avoid paying taxes.
Because of the relatively high sales tax rate in some parts of Arkansas, it is particularly important to pay attention to the sales tax rate in the city where you plan to purchase precious metals. You can look up the sales tax rate for each city ahead of time at: http://www.dfa.arkansas.gov/offices/exciseTax/salesanduse/Documents/cityCountyTaxTable.pdf.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Arkansas 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 AR
If you are looking for coin shops in specific cities located in the state of Arkansas be sure to check out our other local directory pages:
Below is a list of local precious metals dealers in Arkansas, including directions to each local shop.
The Coin & Stamp Shop
Located in Little Rock, The Coin & Stamp Shop is an authorized US Mint dealer, so they are able to offer US Mint silver and gold bullion coins for sale directly from the mint. This shop is known for fair prices, especially on gold and silver bullion. The sales tax rate here is 7.5%; while this is fairly high when compared with other states, it is on the low side for Arkansas, making Little Rock among the most economical places to buy gold and silver in the state.
107 Main Street
Little Rock, AR 72201
The Oxford Company
One of the largest coin dealers in Arkansas, The Oxford Company offers everything from rare ancient coins to reasonably priced silver bullion. They are a PCGS authorized dealer. They sell to individual investors, and also offer bulk and wholesale pricing.
P.O. Box 5860
Fort Smith, AR 72913
Mcintire Rare Collectibles
Mcintire Rare Collectibles, also known as Mcintire Coins, has been in business for more than four decades. Coin collectors in central Arkansas know they can trust Mcintire whether buying or selling rare coins, precious metal bullion, jewelry, or antiques. Mcintire Rare Collectibles is a certified appraiser and authorized PCGS dealer known for offering a wide selection of rare coins.
In particular, they offer Civil War coins, proof and uncirculated coins, modern commemorative issues, and gold and silver bullion coins. McIntire also buys gold jewelry and other forms of precious metal scrap. This shop is a US Mint authorized dealer, so they are able to offer US bullion coins straight from the mint. Note that Jacksonville has a 9% sales tax rate when local taxes are included.
8 Crestview Plaza
Jacksonville, AR 72076
DBKJ Numismatics is among the best-known Arkansas coin shops. Whether you are a new collector or experienced investor, the staff will take the time to help you find what you are looking for, providing accurate information and knowledgeable service.
They are particularly well-known for offering a wide selection at every price level. DBKJ will buy single coins and collections, and also provides appraisals. The shop is active in the local numismatic community; they have a booth at most coin shows throughout the state. Note that the Fort Smith sales tax rate is a total of 9.25%.
711 Garrison Avenue
Fort Smith, AR 72901
Towson Gold Silver & Coin
Among the newest coin dealers in Arkansas, Towson opened in 2010. They have already expanded to four locations throughout the state, offering a wide range of services including purchasing gold and silver scrap, bullion, and coins.
Towson Gold Silver & Coin offers free valuations, and is known for offering reasonable prices whether you’re buying or selling. Note that while the selection available in-store is fairly small, they can provide a wider range of gold, silver, and platinum bullion within 24-48 hours, and also sell coins through eBay. The sales tax rate in Fort Smith is 9.25%.
4716 Rogers Ave.
Fort Smith, AR 72901
Northeast Arkansas Coin Company
Northeast Arkansas Coin Company is a small but highly rated local coin shop in Jonesboro. Look here for gold, silver, and platinum bullion bars, rounds, and coins, along with coin collecting supplies and related items. Jonesboro charges a 1.5% local sales tax, bringing the total tax rate to 7.5%.
2711 S Caraway Rd Ste A
Jonesboro, AR 72401
Thank you for reading our guide to gold and silver buying in Arkansas. If you know of any other coin or bullion shops in AZ, please contact us so we can update our directory.