The beautiful state of Hawaii is the only U.S. state comprised entirely of islands.
Admitted to the United States in 1959, it is the newest state, and is known for its diverse ecology, vibrant culture, sunny climate, and abundant beaches.
The capital is Honolulu, located on the island of Oahu. Most of the state’s coin shops can be found here, though there are others located throughout the islands. Read on to learn more about purchasing gold and silver bullion in Hawaii, as well as where the best places are to buy precious metals both locally in Hawaii, as well as online for Hawaiian residents.
Bullion Sales Tax in Hawaii
Hawaii does not collect sales taxes; however, they do collect a General Excise Tax (GET). This tax is owed by the business (in other words, the seller) rather than by the purchaser. Hawaii collects a 4% excise tax on coins and bullion. There is an additional 0.5% tax in some cities throughout the islands.
In practice, the GET is nearly always added to the purchase price of coins or bullion as a separate line item, like sales tax is in many other states. However, it is up to the seller whether to add the GET as a separate line item or include it in the basic purchase price. While coin dealers are allowed to show the amount of the tax separately from the price of the item, this is not a requirement. If you are buying coins in Hawaii, be sure that you know whether the price shown includes the GET, or whether this will be added separately at the time of purchase.
Hawaii’s excise tax does not have any exemptions available for transactions involving coins, paper currency, or bullion; there are very few exemptions overall, meaning that most transactions occurring in Hawaii are taxable.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Hawaii 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 HI
If you are looking for coin shops in specific cities located in the state of Hawaii be sure to check out our other local directory pages:
Below is a list of local precious metals dealers in Hawaii, including directions to each local shop.
Captain Cook Coin Company
Founded in 1972, this shop is named after a 1928 Captain Cook commemorative coin. Owner Craig Watanabe specializes in historic coins such as Civil war tokens, love tokens, and rare Hawaiian and U.S. coins.
Captain Cook is known best for its selection of high-grade rare coins, though they also carry newer coins and bullion products. Located in Oahu, Captain Cook is an authorized ANA, PCGS, NGC, and ANACS dealer that buys coins and jewelry by appointment.
Investors most interested in gold and silver bullion products may want to look elsewhere, as Captain Cook is most known for their rare and numismatic gold and silver products.
2051 Young Street, #13
Honolulu, HI 96826
Island Gold and Silver
Oahu’s Island Gold and Silver is one of the island’s largest buyers of precious metals. Their per-gram prices for gold and silver are published on their website, though you must call the office for up-to-the-minute pricing. No appointment is necessary to sell your gold or silver.
Their storefront also offers coins and currency for sale, with a focus on precious metals and bullion rather than rare or historic examples.
Windward City Shopping Center
45-480 Kaneohe Bay Drive
Kaneohe, HI 96744
Kama’aina Metals and Jewelry
Kama’aina is a precious metal dealer that has been buying jewelry and precious metal scrap in Hawaii for over three decades. Their selection of precious metals focuses on gold, silver, and platinum jewelry and bullion, with a small selection of coins also available.
The coins sold through Kama’aina tend to be chosen for their precious metal content, rather than numismatic value or rarity. They have a coin and bullion adviser on staff to help you make investment decisions.
With a museum of antique jewelry on-site, Kama’aina Metals and Jewelry is a popular showroom for those who want to browse unique forms of precious metal. A small selection of their products is available for online purchasing.
98-1254 Ka’ahumanu St., #170
Pearl City, HI 96782
ABC GT Coins
As one of Hawaii’s largest coin shops, ABC GT Coins are able to purchase larger quantities at once than many other dealers in Hawaii. ABC GT is a PCGS, NGC, and ANA authorized dealer with over five decades of experience.
In addition to gold and silver, this company also deals in historic and/or rare coins, and maintains contact with many mainland coin dealers to help their Hawaiian customers track down elusive coins. ABC GT Coin’s offer bullion products, such as American Silver Eagle coins, to more traditional forms of gold and silver investors.
1655 Makaloa St.
Honolulu, HI 96814
Hawaiian Islands Stamp & Coin
A favorite among locals and tourists alike, Hawaiian Islands Stamp & Coin is frequented by investors and collectors from around the world. In particular, they are noted for their expansive selection of rare and historic coins, including Hawaiian coinage. Confederate notes, military pay certificates, U.S. slab coins and proof sets, and ancient Chinese coins can all be found here. They have various sizes of gold bars, rounds, and coins in stock, in sizes up to 100 oz in silver and 1 oz of gold.
1111 Bishop St Suite 1105
Honolulu, HI 96813
Local Gold and Silver Mints in Hawaii
Also browse the gold and silver mints local to Hawaii. Some of these mints offer retail products, while others are wholesale only.
Royal Hawaiian Mint
The Royal Hawaiian Mint is dedicated to “Preserving Hawaiiana in precious metals.” They produce gold and silver rounds featuring Hawaiian themes, including hand-engraved original designs and seven sizes of gold and silver rounds. Among their best-known products are the Pearl Harbor .999 fine silver round and the “Royal Designs” which commemorate historic rulers of the Hawaiian kingdom.
Thank you for reading our guide to gold and silver buying in Hawaii. If you know of any other coin or bullion shops in HI, please contact us so we can update our directory.