Minnesota, the “Land of 10,000 Lakes” is known for its many outdoor activities, including hiking, water skiing, and ice fishing. More than half of its residents live in Minneapolis-St. Paul (The ‘Twin Cities’), while the rest of the state has many national parks and rugged natural areas. Minnesota consistently ranks among the healthiest states, with high voter turnout and high literacy rates.
Bullion Sales Tax in Minnesota
Minnesota collects sales tax on purchases of coins, paper currency, and precious metals, as such items are considered to be tangible personal property, and therefore subject to the tax. Such items are subject to a use tax if purchased elsewhere and brought into Minnesota.
In recent years, there have been several attempts to create an exemption for coin and bullion sales. However, no efforts have passed to date, and buyers of currency, coins, and precious metal bullion in the state of Minnesota must pay the state sales tax, which is currently 6.875%. There may also be additional local or county taxes due; for example, in Minneapolis the current sales tax rate is 7.15%.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to Minnesota 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 MN
If you are looking for coin shops in specific cities located in the state of Minnesota then be sure to check out our other local directory pages:
- Local coin shops in Minneapolis, MN
- Local coin shops in St. Paul, MN
- Local coin shops in Rochester, MN
Below is a list of local precious metals dealers in Minnesota, including directions to each local shop.
American Rare Coins and Collectibles
American Rare Coins, one of the region’s largest dealers, has bought rare coins, gold, silver, and paper currency from more than 50,000 individual collectors and investors. Their buy and sell prices for many gold and silver products are posted on their website, and updated daily to reflect market changes.
American Rare Coins actively buys and sells certified coins, junk silver coinage, U.S. silver dollars, proof and mint sets, bullion (gold, silver, platinum, and palladium) and scrap gold. They offer precious metal IRA program, and a wide variety of rare coins, gold coins, and bullion.
7900 Xerxes Ave South, Suite 140
Bloomington, MN 55431
Valley Coin specializes in U.S. and Canadian coins, including National Park quarters, silver dollars, and gold and silver bullion, as well as coin collecting supplies. Much of their inventory is available on the website. Valley Coin offers coins priced at 5 cents to $5,000 or higher, suiting the needs of any investor. They also buy and trade coins, currency, and bullion. Valley Coin is a PCGS and NGC authorized dealer, and offers grading submission services.
5525 34th Ave N.
Crystal, MN 55422
Grove Coin and Investment Company
Among the oldest Minnesota coin shops, Grove Coin was founded in 1962. Grove Coin sells U.S. and world coins, ancient coins, U.S. and world paper currency, gold and silver bullion, jewelry, and related collectibles. They specialize in 19th and early 20th century U.S. coins. Many of their items can be purchased online, with a minimum order of $25.
Grove Coin is located within Collectors Gallery, a large collectibles store. Their buy list, published on their website, include slabbed or raw U.S., ancient, and world coins, along with tokens and medals, U.S. currency, and precious metals, such as coins, bars, rounds, jewelry, and scrap.
8306 Tamarack Village #401
Woodbury, MN 55125
Lake Superior Coins
Lake Superior Coins specializes in U.S. coins, and offers a full selection of historical, raw, and certified U.S. coins, along with proof and mint sets, statehood quarters, paper currency, and American Silver and Gold Eagles. They also offer foreign coins and currency, as well as collecting supplies.
Lake Superior offers appraisals and a want list service, and routinely buys collections from individuals. A small selection of their coins can be found on eBay or purchased off their website, but most of their coins can only be found in their Duluth coin shop.
118 West 1st Street
Duluth, MN 55802
Seven Star Enterprises
Seven Star Enterprises is a precious metal investment company specializing in assisting investors interested in physical gold and silver. Founded in 1984, they are a U.S. Mint authorized dealer, and offer gold and silver bullion products including coins, rounds, and bars.
Seven Star also buys and sell platinum and high-grade rare coins for investment purposes. They offer precious metal IRA investment programs, as well as free consultations with their professional staff, and will ship bullion anywhere in the country.
2780 Snelling Ave. N, Suite 205
Roseville, MN 55113
Local Gold and Silver Mints in Minnesota
Also browse the gold and silver mints local to Minnesota. Some of these mints offer retail products, while others are wholesale only.
Westminster Mint is one of Minnesota’s largest precious metal dealers, as well as a private gold and silver mint. As a retailer, they specialize in gold and silver bullion including coins, rounds, and bars, and all of their available products can be purchased through their website, with live pricing available. Their minting services include die-making for custom rounds; they also mint investment-grade gold and silver bars in a variety of sizes.
3300 Fernbrook Lane, Suite # 160
Plymouth, MN 55447
Thank you for reading our guide to gold and silver buying in Minnesota. If you know of any other coin or bullion shops in MN, please contact us so we can update our directory.