Arizona is home to some of the largest and most trusted names in the precious metal industry. There are a number of excellent gold and silver dealers in most large cities throughout the state, including Phoenix, Mesa, and Tucson.
Gold investors in Arizona enjoy low taxes and access to top quality coins and bullion through local dealers. Read on to learn more about purchasing precious metal products in Arizona.
Bullion Sales Tax in Arizona
Most forms of coin, currency, and bullion are not taxable in Arizona. Arizona tax law 42-5061(A)(21) (http://www.azleg.gov/ars/42/05061.htm) specifically deals with coins and bullion. Under Arizona state law, the sale of “precious metal bullion” and “monetized bullion” to consumers is not taxable.
Under the law, “monetized bullion” refers to coins and other types of money made from gold, silver, or other metals that have been used as currency in any state or country. “Precious metal bullion” refers to precious metal (gold, silver, platinum, rhodium, or palladium) products whose value is dependent solely on the precious metal they contain.
Because coins, precious metals, and paper currency are exempt from Arizona sales tax, buying locally is an excellent option for adding to your investment. Do watch out for local taxes; though the state of Arizona does not tax precious metal sales, some cities do.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Arizona 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 AZ
If you are looking for coin shops in specific cities of Arizona then be sure to check out our other local directory pages:
- Local coin shops in Phoenix, AZ
- Local coin shops in Mesa, AZ
- Local coin shops in Tucson, AZ
- Local coin shops in Chandler, AZ
- Local coin shops in Gilbert, AZ
- Local coin shops in Glendale, AZ
- Local coin shops in Scottsdale, AZ
- Local coin shops in Peoria, AZ
- Local coin shops in Tempe, AZ
- Local coin shops in Surprise, AZ
Below is a list of local precious metals dealers in Arizona, including directions to each local shop.
CMI Gold and Silver, Inc
One of the nation’s oldest precious metal dealers, CMI Gold and Silver was founded in 1973. As an industry leader, they are able to offer excellent prices on investment-grade gold and silver bullion.
One downfall to CMI Gold and Silver is their lofty ordering minimums — for example, investors need to be interested in at least 200 American Silver Eagles to make a qualifying purchase. The same minimums apply to all of their products — pre-1965 coins require a $250 face value minimum purchase (178.75 troy oz of silver), etc.
CMI is committed to serving investors by helping them select the right products to meet their investment needs, and is always ready to assist you, whether you are a first-time buyer or seasoned investor. Make sure to read their guide to investing in silver bullion, which is an excellent starter for new investors to get up to speed on investment strategies, product selection, and more.
3800 N. Central Avenue, 11th Floor
Phoenix, AZ 85012
American Precious Metals, Inc.
American Precious Metals is a trusted Phoenix coin dealer specializing in investment-grade coins and bullion. They offer volume discounts, and are experienced in assisting those who wish to invest through a precious metal IRA.
American Precious Metals can help you track down an elusive coin or provide an honest assessment and accurate appraisal of your collection. Most of their coins are bullion grade, including American Gold Eagles, Australian Gold Kangaroos, and 1 oz Gold Bars, but they do also offer certified/numismatic products. American Precious Metals has served Arizona coin investors since 1994.
2850 East Camelback Road, Suite #185
Phoenix, AZ 85016
The Coin Gallery has served Phoenix coin collectors for more than three decades. Known for their extensive inventory of US coins and currency, they also offer a wide array of precious metal bullion products, all available for browsing in their huge showroom.
Some unique offerings from The Coin Gallery include their 1 and 10 ounce silver bullets, which are neat products for collectors and investors alike. The Coin Gallery also buys gold jewelry from 8 karat to 22 karat fineness.
The Coin Gallery aims to stock coins at every price range, from those suited to beginning collectors to the finest investment-grade coins.
4224 W. Dunlap
Phoenix AZ 85051
American Federal Rare Coin & Bullion
American Federal, located in a suburb of Phoenix, is known for offering reasonable prices and top-quality coins. Whether you are looking for fair prices on investment-grade bullion or chasing after an elusive coin to add to your collection, American Federal has what you’re looking for.
Their staff members keep up to date on the latest precious metal news, and are happy to share their knowledge with new or experienced investors. American Federal also is currently offering free informational booklets to prospective investors, including “17 Coins You Don’t Want to Buy” and “The 15 Truths”.
A local dealer who gives you real advice, such as “the overwhelming majority of coin investors lose money,” is a dealer who can be trusted and relied on.
500 Easy Street
Carefree, AZ 85377
Bullion & Coin Exchange
This family-owned shop has been in Mesa for more than 25 years. Customers find their staff to be extremely knowledgeable and eager to help new and experienced collectors alike. Their prices tend to be among the best of Mesa coin dealers. Note that all purchases must be paid in cash, which helps the shop keep their prices reasonable by eliminating credit card processing fees.
Bullion & Coin Exchange offers live spot price feeds on their website, which is always a good sign, as you can be sure they aren’t attempting to juice spot prices on your transactions. They also list transparent sell prices online that are all relative to spot, so you can calculate exactly how much you will be paying per coin (5.25% over spot for a 1 oz American Gold Eagle at the time of this writing, for instance).
610 E. Broadway
Mesa, AZ 85204
Glass Shoppe Coins
The oldest Arizona coin dealer, Glass Shoppe, was founded in 1960. Dedicated to offering fair pricing, Glass Shoppe discloses both the sale price and buy-back price of every coin they sell. If you’re looking to sell bullion, they offer immediate appraisals, and will also quote your gold or silver scraps, sterling flatware, and jewelry and fine watches.
This shop is a life member of the American Numismatic Association and has won the Association’s Presidential Award. They utilize Kitco spot prices, which is a reliable, transparent source of spot prices — this allows the customer to be confident they are paying a real spot price, not a juiced up figure.
4325 E. Broadway Boulevard
Tucson, AZ 85711
American Bullion & Coin Company
Founded in 1981, American Bullion is a Flagstaff fixture. Their offerings are tailored to the needs of precious metal investors. In addition to coins and bullion, they also offer precious metal financing, precious metal IRA investment, and a variety of educational resources.
2710 N. Steves Blvd., Suite #16
Flagstaff, AZ 86004
Local Gold and Silver Mints in Arizona
Also browse the gold and silver mints local to Arizona. Some of these mints offer retail products, while others are wholesale only.
Scottsdale Mint is a private silver mint whose bullion products have been shipped to investors and dealers in more than 100 countries. Their high quality bullion products include bars and rounds in a variety of sizes.
Scottsdale is particularly well-known for their Stacker silver bars and for bars and rounds carrying their distinctive lion motif. Scottsdale does both retail sales directly to the public, as well as wholesale sales to online retailers who then pass on dealer-level savings to the general public.
20701 N. Scottsdale Road
Scottsdale, AZ 85255
Thank you for reading our guide to gold and silver buying in Arizona. If you know of any other coin or bullion shops in AZ, please contact us so we can update our directory.