The Midwestern state of Kansas is one of the most productive agricultural areas in the nation, especially known for its wheat and sunflower fields. Kansas, long home to numerous Native American tribes, was first settled by European Americans in the 1830s, and gained statehood in 1861.
Even before the first years of European settlement, rumors circulated about gold deposits in Kansas. Today, while the hope of finding gold in Kansas still lingers, modern investors find it far easier to visit one of the many reputable gold and silver dealers throughout the state.
Bullion Sales Tax in Kansas
In Kansas, sales tax is collected on sales of coins, paper currency, and precious metals. The current sales tax rate in Kansas is 6.15%. There may be additional local or county taxes added to this rate. According to Kansas state law (http://www.ksrevenue.org/pdf/pub1510.pdf), “Coins, Bullion, Stamps, Antiques and Collectibles. These and similar items sold at retail are subject to sales tax.”
Furthermore, under the law (http://rvpolicy.kdor.ks.gov/Pilots/Ntrntpil/IPILv1x0.NSF/ae2ee39f7748055f8625655b004e9335/3bb93e2d360d387a86256523006b3f1a?OpenDocument) sales tax must be collected even when such items are being purchased for investment purchases. Exchanges of currency and coins at face value is not subject to sales tax, but when the coin is purchased at rates not reflecting its face value, or when its value is based on its precious metal content, the purchase is subject to sales tax.
Because there is no tax exemption for coins or bullion, Kansas is one of the more expensive states to purchase such items. Despite this, there are a number of highly regarded coin dealers throughout the state catering to local collectors and investors.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Kansas 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 KS
If you are looking for coin shops or precious metal dealers in specific cities located in the state of Kansas then be sure to check out our other local directory pages:
- Local coin shops in Wichita, KS
- Local coin shops in Overland Park, KS
- Local coin shops in Kansas City, KS
- Local coin shops in Olathe, KS
- Local coin shops in Topeka, KS
Below is a list of local precious metals dealers in Kansas, including directions to each local shop.
The largest Kansas coin dealer, Phil’s Coins offers competitive rates to both buyers and sellers. They buy, sell, and trade rare and historical coins, scrap gold and silver, and precious metal bullion. Their coin selection includes US and foreign coins, US Mint sets and proof coins, and many rare and ancient coins.
Many of Phil’s products can also be purchased online, where prices are automatically updated every 30 minutes to reflect changes in the spot price of the metal. Their website also shows current buy prices for scrap gold and silver, based on current spot rates.
9344 West Central Ave
Wichita, KS 67212
Equity Standard Numismatics Co.
Equity Standard Numismatics specializes in United States coins of all types, denominations, and price ranges. The inventory is constantly changing, but always includes a vast selection of rare and historic U.S. coins, gold coins, proof and mint sets, and commemorative coins.
They also purchase and sell all types of precious metal, including scrap gold, jewelry, and bullion. Equity Standard sells to individual investors looking to add an elusive coin to their collection, and also offers wholesale pricing for bulk purchases.
1855 South Rock Road, #105
Wichita, KS 67207
Heartland Coin Gallery
Wichita’s Heartland Coin Gallery is one of the top gold, silver, and coin dealers in the state. They specialize in buying silver and gold coins, bullion, scrap, and jewelry.
Heartland also offers for sale a selection of silver and gold bullion, as well as rare, historical, and collectible US and foreign coins. They do not offer any investment advice, so come prepared to make your own decisions regarding which form of coin or bullion to purchase.
2621 N. Greenwich Road, Suite 300
Wichita, KS 67226
T & R Coins
Named after its founders Terry and Rachel Snepp, T & R coins caters to the needs of collectors at all levels. The shop carries a wide selection of US and foreign coins, certified and graded coins, and gold and silver bullion, along with paper currency and stamps from around the globe.
A selection of T & R’s coins can be purchased online; the full inventory is only available through their storefront.
5642 SW 29th Street
Topeka, KS 66614
John Burke’s Rare Coins and Collectibles
John Burke offers a full selection of gold, silver, and platinum bullion, as well as historic coins, reserve notes, and paper currency. This shop has the capacity to fulfill large orders, and also buys, trades, and appraises coins, bullion, and coin collections.
John Burke Rare Coins specializes in US Mint bullion coins like the American Eagle in gold, silver, and platinum and the gold American Buffalo coin.
1025 SW Wanamaker Road, Suite C
Topeka, KS 66604
Thank you for reading our guide to gold and silver buying in Kansas. If you know of any other coin or bullion shops in KS, please contact us so we can update our directory.