Wisconsin, a Midwestern state located along the Great Lakes, is known as America’s Dairyland. It is one of the top dairy producers in the country, known especially for its production of cheese.
Historically, both gold and silver have been mined here, with modest deposits of both metals being found throughout the state.
Bullion Sales Tax in Wisconsin
Within Wisconsin, sales tax is due on nearly all transactions involving collectible coins, paper currency, and precious metal bullion. State sales tax law 11.78 specifically addresses stamps, coins, and bullion ( http://docs.legis.wi.gov/code/admin_code/tax/11/IX/79/4). According to the law, the following items are specifically noted as taxable: foreign coins and paper currency sold as collectors’ items, United States coins and paper currency sold above face value, gold and silver bullion, and commemorative medals. Meanwhile, U.S. and foreign coins and paper currency sold at face value are exempt from sales tax, as are sales of bullion to Wisconsin investors if the bullion is stored at a location outside Wisconsin.
In recent years, there have been efforts to pass a tax exemption for bullion, collector coins, and currency. However, none of these efforts have been successful to date. As such, Wisconsin coin collectors and precious metal investors should consider sales tax when making purchasing decisions. The state sales tax rate is currently 5%. Depending on local taxes, the total tax rate may be up to 5.6%.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Wisconsin 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 WI
If you are looking for coin shops in specific cities located in the state of California be sure to check out our other local directory pages:
- Local coin shops in Milwaukee, WI
- Local coin shops in Madison, WI
- Local coin shops in Green Bay, WI
- Local coin shops in Kenosha, WI
Below is a list of local precious metals dealers in Wisconsin, including directions to each local shop.
Greater Milwaukee Coin
Greater Milwaukee Coin buys and sells both rare coins and precious metals. Their specialties include buffalo nickels, Washington quarters, Morgan silver dollars, and gold and silver coins. With several storefronts throughout the greater Milwaukee area, Greater Milwaukee Coin is an NGC and PCGS authorized dealer noted for their particularly wide selection of graded U.S. coins.
4040 N. Calhoun Rd.
Brookfield, WI 53005
Shorewood Coin Shop
Shorewood Coin Shop carries coins, paper currency, and coin collecting supplies. Their inventory includes U.S., foreign, ancient, and rare coins, as well as gold and silver jewelry. They serve individual coin collectors and also offer wholesale pricing. Because they actively buy from individuals, the inventory is continually changing. Founded in 1979, Shorewood Coin Shop also offers appraisals.
4409 North Oakland Avenue
Shorewood, WI 53211
Kaminski Coin Company
Kaminski Coin Co., a PCGS and NGC authorized dealer, buys and sells U.S. rare coins, as well as gold and silver bullion. They offer investment recommendations, appraisals, and grading submission services from PCGS, NGC, and CAC. Most of their rare coins are graded.
All of Kaminski’s raw coins are guaranteed to certify to at least the grade advertised. Some of the best rare coins in their inventory can be viewed online. Founded in 1978, the owners have access to a national network of coin dealers to help collectors track down elusive coins.
1411 Michigan Ave.
Wisconsin Dells, WI 53965
Civitas Galleries specializes in ancient, medieval, and shipwreck coins. They also carry U.S. and foreign coins. A PCGS and NGC authorized dealer, Civitas Galleries buys gold, silver, coins, paper currency, tokens and medals, and bullion. Many of the items in their coin inventory can be viewed and purchased online.
6800 University Ave
Middleton, WI 53562
Derzon Coins buys and sells gold, silver, platinum, and palladium coins, along with U.S. coins and currency. Their inventory ranges from rare graded U.S. gold coins to silver American Eagle bullion coins. They also deal in jewelry, flatware, and other precious metal items. Founded in the 1950s, Derzon Coins is among Wisconsin’s oldest coin dealers.
2069 South 108th Street
West Allis, WI 53227
Mark Ferguson Rare Coins
Mark Ferguson Rare Coins buys and sells PCGS, NGC, and CAC certified coins. They specialize in high-end U.S. rarities. A professional coin dealer since 1969, Mark Ferguson offers grading submission, consulting, and appraisal services, as well as a want list service. Mark Ferguson Rare Coins also buys and sells gold and silver bullion, including coins, bars, and rounds.
PO Box 177
Oshkosh, WI 54903
Local Gold and Silver Mints in Wisconsin
Also browse the gold and silver mints local to Wisconsin. Some of these mints offer retail products, while others are wholesale only.
Medalcraft Mint produces die-struck coins and medallions in both base and precious metals. This private mint, founded in Green Bay in 1948, has in-house design and minting capabilities. They specialize in custom-minted metal products.
2660 W. Mason Street
Green Bay, WI 54303
Thank you for reading our guide to gold and silver buying in Wisconsin. If you know of any other coin or bullion shops in WI, please contact us so we can update our directory.