Investment in silver and gold has a long history in Colorado. Much of Colorado was settled by those who had initially planned to travel all the way west during the California Gold Rush. Gold was first discovered here in 1858.
In the 1870s, rich silver veins were discovered here; silver mining would remain a major industry in Colorado through the 1890s. Today, Colorado’s lack of sales taxes makes it an attractive destination for those looking to buy gold or silver coins and bullion.
Bullion Sales Tax in Colorado
Gold and silver investors in Colorado often find buying from local coin dealers to offer the best prices, since there are no state sales taxes for purchases of coins or bullion. Retail sales of precious metal bullion and of coins are exempt from sales tax. According to Colorado FYI Sales #60 – Sales Tax Exemptions for Coins and Precious Metal Bullion, “Retail sales of coins and precious metal bullion are exempt from sales tax.” This exemption applies to state sales taxes, as well as any otherwise applicable county and local taxes.
Under Colorado law, coins containing precious metals that have been used as currency in the US or any other country are exempt from tax, as are precious metal bullion (any precious metal which has been refined so that its value depends on its precious metal content rather than its form). Note that numismatic collectibles such as tokens and medallions which have value beyond the value of the metal they contain do not fall under this exemption, and other precious metal items such as jewelry are also taxable. If you plan to purchase such items, pay attention to the sales tax rate, as it varies dramatically from city to city within Colorado.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Colorado 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 CO
If you are looking for coin shops in cities located in the state of Colorado be sure to check out our other local directory pages:
- Local coin shops in Denver, CO
- Local coin shops in Colorado Springs, CO
- Local coin shops in Aurora, CO
- Local coin shops in Fort Collins, CO
- Local coin shops in Lakewood, CO
- Local coin shops in Thornton, CO
- Local coin shops in Arvada, CO
- Local coin shops in Westminster, CO
- Local coin shops in Boulder, CO
- Local coin shops in Centennial, CO
- Local coin shops in Pueblo, CO
Below is a list of local precious metals dealers in Colorado, including directions to each local shop.
Hallenbeck Coin Gallery
Founded more than 30 years ago by numismatic expert Tom Hallenbeck, Hallenbeck Coin Gallery is well-respected in Colorado Springs and beyond. They buy and sell rare coins, precious metal bullion, paper currency, foreign currency, and jewelry, as well as other precious metal items.
Staffed by experienced coin collectors who are very involved in the numismatic world, Hallenbeck Coin Gallery often works with dealers across the nation to help Colorado coin collectors find the coin they are searching for.
They offer free verbal appraisals, and are certified coin graders through NGC and PCGS. Though their full selection of coins is only available in their showroom, they do offer select pieces for sale on eBay.
711 N. Nevada Ave
Colorado Springs, CO 80907
Colorado Precious Metals & Coins Inc
Colorado Precious Metals carries a wide array of foreign coins, rare coins, and silver and gold bullion. They are particularly well-regarded for their stock of U.S. coins like Indian pennies and Mercury dimes.
This dealer also buys and sells precious metal jewelry and scrap, and offers free verbal appraisals. Colorado Precious Metals & Coins is a PCGS and ANA member.
317 N. Union Blvd
Colorado Springs, CO 80909
Rocky Mountain Coin, Inc.
Rocky Mountain Coin, located in Denver, opened in 1976. One of Colorado’s most popular precious metal dealers, they offer rare coins, gold, silver, and platinum bullion, jewelry and watches. Periodically, Rocky Mountain holds live auctions featuring high-end rare coins. Their coin selection includes US and world coins, including raw and certified coins.
Rocky Mountain is also a leading dealer for metal detectors, for those who want to hunt for metals on their own. They offer grading, appraisal, and wish list fulfillment services, and have a reputation for friendly service and upholding high standards for the coins they carry. Their current buy prices are published on their website.
538 South Broadway
Denver, CO 80209
All American Coin and Jewelry
Owned by a GIA Graduate Gemologist, All American Coin was founded in 1978. All American Coin and Jewelry, a family-owned coin shop, is noted for fair pricing and experienced staff members.
They offer a full array of bullion, coins, and jewelry, as well as free appraisals. While their website offers sample products and pricing, the full selection is only available in their showroom.
414 S. 8th Street
Colorado Springs, CO 80905
Colfax Coin Center
Colfax Coin Center, a Denver-area coin dealer, has established a reputation for honesty over the past three decades.
Colfax Coin offers all US coins, along with gold and silver bullion, jewelry, and coin collecting supplies. Their focus is on precious metals, rather than historical or rare coins. They also offer free verbal appraisals.
843 Wadsworth Blvd.
Lakewood, CO 80214
Local Gold and Silver Mints in Colorado
Also browse the gold and silver mints local to Colorado. Some of these mints offer retail products, while others are wholesale only.
United States Mint, Denver
A branch of the US Mint, the Denver mint was established in 1863 as an assay office. It opened as a mint in 1906. Today, this is the largest mint in the world, producing upwards of 50 million coins per day. The Denver Mint currently produces all denominations of circulating coins, as well as coin sets and commemorative coins authorized by the U.S. Government. Each coin produced here carries a ‘D’ mint mark. The Denver mint also stores gold and silver bullion to be used for coin production. The United States Mint in Denver is open for public tours.
320 West Colfax Avenue
Denver, CO 80204
Thank you for reading our guide to gold and silver buying in Colorado. If you know of any other coin or bullion shops in CO, please contact us so we can update our directory.