In the Northeastern corner of the United States, Maine borders Canada and the Atlantic Ocean. Maine was first settled by European colonists early in the seventeenth century, and was admitted to the Union in 1820 as the 23rd state. Known for its mountainous coastline and lobster cuisine, it is the least densely populated state east of the Mississippi River. Within Maine, there are a number of highly-rated coin shops, many of which specialize in early U.S. coinage.
Bullion Sales Tax in Maine
In Maine, sales tax is collected on coins, paper currency, and precious metals. The state sales tax rate is 5%; there may also be additional city or county taxes due. In recent years, there have been several bills proposing the creation of a tax exemption for gold and silver in an effort to draw some of the coin show business from neighboring New Hampshire, but none have passed. As such, sales tax is charged on all coin and bullion purchases made within the state. Be sure to take this added expense into account when calculating the total price of your coin or precious metal purchase.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Maine 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 ME
Below is a list of local precious metals dealers in Maine, including directions to each local shop.
Maine Gold & Silver
Maine Gold & Silver, a family-owned precious metal shop, carries gold and silver coins and jewelry. They offer PCGS, NGC, and ANACS coin grading submission, with a complimentary pre-screening service to ensure that the coins are worth grading.
Maine Gold & Silver buys gold, silver, and platinum jewelry and coins. They also offer appraisals and a full range of jeweler services. With their Scrap Metals For Charity program, Maine Gold & Silver has donated more than $40,000 to local organizations.
50 Maine Mall Rd.
South Portland, ME 04106
Houlton Stamp and Coin
Houlton Stamp and Coin specializes in U.S. coinage. Because they actively buy from individuals, the inventory is constantly changing. In addition to coins, Houlton offers stamps, postcards, antiques, and other collectibles.
They also buy and sell gold and silver scrap; occasionally they offer sterling silver scrap at or below the melt value. A small portion of their inventory can be purchased online, but most is only available at their storefront.
8 Market Square
Houlton, ME 04730
M.A. Storck Company
M.A. Storck, a longstanding Portland coin dealer, carries a wide selection of coins and precious metal items.
They are known for their Town Medals, from different Maine towns, made in silver, copper, brass, pewter, and 24K gold-plated. Their coin selection includes proof and mint sets, commemorative coins, foreign coins and currency, and gold and silver bullion.
M.A. Storck also provides safety deposit boxes available for rental, and offer wholesale pricing for bulk purchases. A small selection of their coins and collecting supplies can be purchased via their website.
651 Forest Ave.
Portland, ME 04101
China Lake Coins & Currency
China Lake Coins & Currency is a full-service coin shop that buys, sells, and appraises a wide variety of coins. In particular, the shop has focused on historical U.S. coinage. Since 2008, China Lake Coins has moved to a new location and expanded rapidly as a result of new ownership.
China Lake has especially expanded its selection of high grade coins, obsolete paper currency, and gold and silver American Eagle bullion coins. They strive to offer a complete selection of dates and grades to help collectors trying to complete a set. A limited selection of their coins can be found on eBay.
285 State Street
Augusta, ME 04330
Twin City Gold
Twin City Gold is constantly buying and selling antiques and collectibles. Their coin selection includes certified and raw coins, US currency, obsolete foreign currency, and Canadian currency. They also carry jewelry, coin collecting supplies, and antiques. In addition to buying coins and bullion outright, Twin City is also a pawn shop.
38 Alfred St.
Biddeford, ME 04005
Vest Pocket Coin
Vest Pocket Coin & Currency specializes in US coins and silver bullion. They also offer an array of foreign coins and gold bullion. Because they are actively buying collections, the inventory is constantly changing.
Some of their coins are available via eBay; others can only be purchased at their storefront. Vest Pocket Coin is actively seeking gold, silver, platinum, and rare or historical coins for purchase.
177 Bath Rd, Ste #2
Brunswick, ME 04011
Thank you for reading our guide to gold and silver buying in Maine. If you know of any other coin or bullion shops in ME, please contact us so we can update our directory.