South Carolina, one of the 13 original colonies, was the first state to vote to secede from the Union; the first battle of the Civil War was also fought here. Historically, there have been a number of productive gold mines throughout the state.
Today, South Carolina is known for agriculture, including tobacco, dairy products, and poultry, as well as textile production.
Bullion Sales Tax in South Carolina
South Carolina has a sales tax exemption for coins, currency, and bullion. Under Section 12-36-2120 (http://www.sctax.org/Tax+Information/Sales+and+Use+Tax/use_tax/UseTaxExemps.htm), “Gold, silver, or platinum bullion, or any combination of this bullion” are exempt from taxation. So, too, are “Coins that are or have been legal tender in the United States or other jurisdiction” and “currency.” This wide-ranging exemption means that most numismatic collectibles purchased from South Carolina coin shops are non-taxable.
Within South Carolina, purchases not meeting this exemption requirement are subject to a statewide sales tax of 6%. Counties may also impose an additional 1% local tax (http://www.sctax.org/Tax+Information/Sales+and+Use+Tax/default.htm).
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to South Carolina 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 SC
If you are looking for coin shops in specific cities located in the state of South Carolina be sure to check out our other local directory pages:
Below is a list of local precious metals dealers in Alaska, including directions to each local shop.
This coin shop, specializing in U.S. coins, has served Columbia coin collectors for over three decades. They buy and sell a complete array of both rare coins and bullion. Palmetto Galleries is a PCGS, NGC, and U.S. Mint authorized dealer.
The wide inventory available here includes almost every U.S. coin imaginable, along with foreign coins, paper currency, and rare graded coins, along with gold and silver bullion. Palmetto Galleries does not publish their open hours; instead, customers are encouraged to call to make an appointment.
5220 Two Notch Road
Columbia, SC 29204
Low Country Coins
Low Country Coins specializes in U.S. coins, with a wide selection of denominations and ages. They carry cents, nickels, dimes, quarters, half dollars, and silver dollars, paper currency, proof and mint sets, and foreign and ancient coins.
Low Country also offers the most popular gold and silver bullion coins, as well as tokens, medals, and coin collecting supplies. Many of their items can be purchased online. They also buy coins and scrap gold from individuals, and offer wish list fulfillment services for collectors in search of elusive rare coins.
7800 Rivers Avenue, Suite 1010
North Charleston, SC 29406
M&J Coins and Prospecting
M&J Coins is a PCGS authorized dealer specializing in gold coins. They also carry silver coins and historic U.S. and foreign coinage, though the focus here is on precious metals rather than rare coins.
In addition to coins, M&J also features an extensive inventory of gold prospecting equipment and metal detectors. M&J coins also buys gold and silver. They offer appraisals and grading services, and a selection of their coins can be found on eBay.
10471 Asheville Highway, Unit 9
Inman, SC 29349
S & S Coins and Supplies
S & S Coins, a family-run shop, specializes in 20th century U.S. coins. They carry Morgan silver dollars, Indian head pennies, and a full selection of graded and raw United States coins, along with foreign coins, paper currency, and coin collecting supplies.
They also buy scrap gold and silver, as well as individual coins and collections. The staff at S & S Coins is eager to assist new investors, as well as experienced collectors searching for an elusive coin. Some of their coins can be purchased through their website, though customers must call for pricing.
1219 Boiling Springs Road
Spartanburg, SC 29303
John Kraljevich Americana
Founded by renowned numismatic expert John Kraljevich, John Kraljevich Americana specializes in colonial and early American coins. They have raw and certified coins, in a wide range of grades and price ranges, focused on those minted from 1652 to 1800.
John Kraljevich Americana also offers tokens, medals, and rare foreign coins. The full inventory can be seen and purchased online, with extremely detailed information available about each coin. John Kraljevich Americana also buys top-quality rare coins from individuals.
PO Box 1939
Fort Mill, SC 29716
Gilbert Coin & Collectible Exchange carries certified coins, paper currency, U.S. coinage, and gold and silver bullion. They specialize in both precious metal bullion and collectible United States coinage. A portion of their inventory can be viewed and purchased online.
The largest coin shop in Lexington County, they are a PCGS and NGC authorized dealer and offer appraisals. Gilbert Coin buys U.S. coins, gold, and silver from individuals. Their Youth Program provides coin rewards for students who bring in their report cards.
079-H Augusta Hwy
Gilbert, SC 29054
Thank you for reading our guide to gold and silver buying in South Carolina. If you know of any other coin or bullion shops in SC, please contact us so we can update our directory.