The Pacific Northwest state of Washington, nicknamed the Evergreen State, is a leading producer of timber, apples, hops, raspberries, and pears. Fishing, including salmon and halibut, is also a major industry here
About 60% of the state’s residents live in the Seattle metropolitan area along the Puget Sound, an inlet of the Pacific Ocean.
Bullion Sales Tax in Washington
In Washington, coins and bullion are exempt from sales tax, regardless of the purchase amount. Under WAC 458-20-248 (http://apps.leg.wa.gov/WAC/default.aspx?cite=458-20-248), “Sales of precious metal bullion and monetized bullion,” there is no sales tax on bullion, legally defined as any precious metal product with a value dependent on the precious metal content, not its form. “Monetized bullion,” defined as coins or other forms of money made from gold, silver, or other metal used as currency in Washington, the United States, or any foreign country.
There are several notable categories of numismatic collectibles that remain taxable under Washington state law. First, precious metals in a form which adds to their value – such as medallions and jewelry – are subject to sales tax. Paper money, as well as tokens not used as legal tender, are also taxable.
Washington State’s sales tax rate is currently 6.5%. Many local areas have additional sales taxes. For example, in Seattle the local rate is 3%, for a combined total of 9.5%. Washington has some of the highest sales tax rates in the nation. As such, many Washington coin collectors and precious metal investors choose their purchases carefully in order to avoid buying taxable items.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Washington 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 WA
If you are looking for coin shops in specific cities located in the state then be sure to check out our other local directory pages:
- Local coin shops in Seattle, WA
- Local coin shops in Spokane, WA
- Local coin shops in Tacoma, WA
- Local coin shops in Vancouver, WA
- Local coin shops in Kent, WA
- Local coin shops in Everett, WA
Below is a list of local precious metals dealers in Washington, including directions to each local shop.
Rare Coin Galleries
Issaquah’s Rare Coin Galleries specializes in both precious metal bullion and rare coins. Founded in 1962, they buy and sell 40% and 90% silver U.S. coinage, silver dollars, American Eagles, and privately minted gold, silver, and platinum bars. They carry both raw and certified examples, catering to collectors with any budget, and specialize in U.S. coins from early to modern. Note that Rare Coin Galleries does have minimum purchase requirements for some hard to find forms of bullion.
1175 NW Gilman Boulevard #B-16
Issaquah, WA 98027
Crown Hill Coin and Stamp
Crown Hill Coin and Stamp has served North Seattle coin collectors for nearly four decades. They buy and sell gold, silver, coins, and postage stamps, and offer appraisals. Their inventory includes U.S. coins, mint and proof sets, rare foreign coins, gold and silver bullion (especially American Eagles, Maple Leafs, and Krugerrands) and tokens.
Crown Hill is actively buying early silver dollars, pre-1965 U.S. silver coins, paper currency, and all gold coins. Because they actively buy from individuals, their stock is always changing.
8343 15th Ave NW
Seattle, WA 98117
CoinsPlus, a Spokane coin dealer, specializes in precious metals. An NGC and PCGS authorized dealer, they offer coin grading services, and buy and sell a wide selection of rare U.S. and foreign coins in addition to bullion.
Buy and Sell prices for 40 of their most popular bullion products can be found online. CoinsPlus also offers numismatic investing advice for those who want to add precious metals to their investment portfolio.
3201 N Division St.
Spokane, WA 99207
Northgate Rare Coins
Northgate Rare Coins has served North Seattle coin collectors for over 40 years. They specialize in both rare U.S. coins and precious metal bullion, and are a PCGS and NGC authorized dealer. Their selection includes United States coins and currency, foreign coins, and precious metal bullion in gold, silver, platinum, and palladium. They also buy and trade with individual investors and offer appraisals. Northgate Rare Coins has an in-store silent auction bid board each week.
11319 Pinehurst Way NE
Seattle, WA 98125
West Seattle Coins and Bellevue Rare Coins
Part of the same company, West Seattle Coins and Bellevue Rare Coins are family-owned coin shops specializing in rare coins, paper currency, and gold and silver bullion. They are PCGS and NGC authorized dealers and offer free appraisals. West Seattle Coins and Bellevue Rare Coins have access to a nationwide network of coin dealers, enabling them to help you track down any elusive coin or get top dollar for your own coins.
4500 SW California Ave.
Seattle, WA 98116
Local Gold and Silver Mints in Washington
Also browse the gold and silver mints local to Washington. Some of these mints offer retail products, while others are wholesale only.
Northwest Territorial Mint
Northwest Territorial Mint, founded in 1984 in Federal Way, Washington, maintains a corporate headquarters and retail bullion storefront here, though minting operations have since moved to Nevada. They mint silver, gold, platinum, and palladium bars and rounds, as well as custom awards and medallions.
NWT’s online storefront features more than 4,000 different metal items minted by NWT. Their bullion products include silver rounds in half-ounce and full-ounce sizes, and bars from 5 grams to 100 ounces. Many of these products carry the Pan American Silver name, recognized by its hammer logo.
2505 S. 320th St.
Federal Way, WA 98003
Thank you for reading our guide to gold and silver buying in Washington. If you know of any other coin or bullion shops in WA, please contact us so we can update our directory.