Named for the Mississippi River, which flows along the western edge of the state, the southern state of Mississippi is comprised entirely of lowlands. Heavily forested outside of the Mississippi Delta area, the state’s rich soil has made Mississippi an agriculture center known for its production of cotton, pecans, and catfish.
Bullion Sales Tax in Mississippi
Mississippi does not exempt sales of coins, paper currency, or precious metals from sales tax requirements. As a result, any purchases of such items made in the state will be subject to sales tax. The current Mississippi sales tax rate is 7%. Some cities and counties add a local sales tax; the highest tax rate in the state is currently 9%.
Despite these relatively high taxes, physical gold and silver remain a popular investment option within the state, and there are a number of notable coin dealers serving Mississippi collectors and investors. Still, if you plan to purchase gold or silver for investment purposes, be sure to factor in these taxes when calculating your total costs.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Mississippi 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 MS
If you are looking for coin shops in specific cities located in the state of Mississippi be sure to check out our other local directory pages:
Below is a list of local precious metals dealers in Mississippi, including directions to each local shop.
State Street Coins
State Street Coins specializes in U.S. coinage, offering a wide selection of historical and modern coins, as well as Silver Eagle bullion coins and paper currency. Most of their coins are graded and certified, though they do sell some raw coins. They also buy U.S. coins, and sell a selection of their coins through eBay and on their website.
616 N. State Street
Clarksdale, MS 38614
Gregg’s Coins & Jewelry
Among the best-known Mississippi coin dealers, Gregg’s Coins was founded in 1980. The shop specializes in U.S. coins, and buys and sells Morgan silver dollars, proof sets, gold coins, and scrap gold, among other coins and numismatic collectibles.
Gregg’s Coins offers appraisal services and buys estate collections or individual coins. A selection of their high-grade and rare coins, ranging in price from a few dollars to $100,000 or more, can be viewed and purchased on their website.
2010 A Pass Road
Biloxi, MS 39531
The Coin Shop Biloxi
The Coin Shop Biloxi was founded by Norman Carnovlae, a Mississippi Numismatic Association board member, and regularly participates in area coin shows and other numismatic community events. They specialize in U.S. coins, including proof and mint sets, half cents, large cents, and small cents.
The Coin Shop also offers silver and gold bullion and coin collecting supplies. A small selection of their coins may be purchased through their website. The Coin Shop Biloxi is designed to be a one-shop coin shop, and also buys and sells world coins, paper currency, stamps, tokens, and other numismatic collectibles.
724 Jackson St.
Biloxi, MS 39530
North Mississippi Coin Company
North Mississippi Coin Company carries a wide selection of coins, precious metals, and collecting supplies. Their stock includes silver, gold, and platinum bullion, 90% silver and sterling silver, and U.S. coinage and paper currency.
North Mississippi buys and sells scrap gold and silver, and their prices are based on the previous day’s closing spot prices. North Mississippi Coin Company carries all common forms of gold and silver bullion including rounds, bars, American Eagles, Canadian Maple Leafs, Chinese Pandas, and more.
7020 Tchulahoma, Suite 3
Southaven, MS 38671
Bill’s Coin & Stamp Exchange
Bill’s Coin & Stamp Exchange, a U.S. Mint authorized dealer, sells American Eagle coins and other gold and silver bullion. This PCGS authorized dealer also buys and sells coin collections, silver dollars, commemorative coins, and jewelry, and offers loans on coins and diamonds. Bill’s Coin also sells coin collecting supplies.
104 Wilmington St.
Jackson, MS 39204
American Silver Dollars
Though they have little internet presence, American Silver Dollars is a PCGS and NGC authorized coin dealer known for offering a small, but high quality, selection of coins. Established in 1976, they specialize in U.S. coins and gold and silver bullion.
1505 Airport Road
Flowood, MS 39208
Gold & Silver Extravaganza
Gold & Silver Extravaganza specializes in precious metals, including gold, silver, and rare coins, as well as gold and silver scrap and bullion and fine jewelry. They offer house calls for those with a large collection of coins or precious metal to sell, and also offer free appraisals. Extravaganza also guarantees the highest prices paid for gold, silver, and platinum bullion and coins.
1139 Old Fannin Road, Suite R
Brandon, MS 39047
Thank you for reading our guide to gold and silver buying in Mississippi. If you know of any other coin or bullion shops in MS, please contact us so we can update our directory.