North Dakota, located along the U.S. border with Canada, is the third least populated state. Even today, the state has vast stretches of wilderness and farmland. The Lewis and Clark expedition encountered their first grizzly bears here.
North Dakota was sparsely populated until late in the nineteenth century, when railroads brought thousands of settlers. Some gold was found here during that period, though North Dakota is better known for other natural resources, especially oil exploration and wheat farming. North Dakota also grows more sunflowers than any other state.
Bullion Sales Tax in North Dakota
North Dakota does not collect sales tax for most sales of coins, paper currency, or precious metals. Under North Dakota’s sales tax exemption guidelines (http://www.nd.gov/tax/salesanduse/pubs/guide/gl-21814.pdf?20130908164203), “The gross receipts from the sale of domestic or foreign legal tender coins, currency and precious metal bullion that has been refined to a purity of not less than nine hundred ninety-nine parts per one thousand are exempt from North Dakota sales tax.”
Note that certain numismatic items do not fall under this exemption. Tokens, medals, and other collectibles that are not legal tender, as well as bullion that is less than 0.999 pure, is considered taxable. Such items are taxed at the North Dakota state sales tax rate of 5%, plus any applicable local taxes.
Because of their investor-friendly coin and bullion tax policies, the state is home to many well-regarded coin and bullion dealers catering to investors from North Dakota and beyond.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to North Dakota 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 ND
If you are looking for coin shops in specific cities located in the state of North Dakota be sure to check out our other local directory pages:
Below is a list of local precious metals dealers in North Dakota, including directions to each local shop.
Bismarck Gold and Silver Exchange
Bismarck Gold and Silver, open for more than three decades, deals in any type of gold, including coins, bullion, jewelry, and scrap. They carry a selection of gold and silver coins, as well as rare coins, though the specialty here is precious metals rather than numismatic collectibles.
Bismarck is a member of the American Numismatic Association, and are an NGC and PCGS authorized dealer. Though they have little internet presence, customers routinely report fair pricing and friendly service. Note that the preferred payment method is a check.
212 North 4th Street, #101
Bismarck, ND 58501
Tom’s Coin, Stamp, and Gem Shop
Tom’s Coin carries an impressive inventory of thousands of coins, including gold and silver coins, foreign coins and currency, U.S. mint proof sets, and bullion. They also carry more than 25,000 North Dakota tokens and medals, and an estimated 15 million sports cards, as well as vintage comics and magazines and collectors’ supplies.
While Tom’s carries a wide range of collectibles, they are best known for their coins. The coin selection spans from ancient to current, and they specialize in helping collectors fill in sets.
2 First St. SW
Minot, ND 58701
(701) 852 4522
Treasure Island Coins
Founded in 1976, Treasure Island Coins is among Fargo’s largest and oldest coin dealers. They regularly deal with customers across the United States searching for rare coins, and offer shipping to the U.S. and Canada. Some of their coins may be purchased on eBay.
Treasure Island Coins offers a wide array of collectible coins and precious metal bullion, including the American Eagle, Canadian Maple Leaf, 90% silver US coinage, and rare U.S. coins. They also carry gold, silver, platinum, and palladium from the U.S. Mint and other government and private mints around the world. Treasure Island can also assist investors planning to purchase through a precious metal IRA.
1429 42nd Street S.
Fargo, ND 58103
Antique & Coin Exchange
Antique & Coin Exchange of Bismarck carries a wide array of collectibles, specializing in coins. They buy and sell gold, silver, platinum, and rare coins. They also carry antiques and jewelry. Because the selection is purchased from individual collectors, the coins found here are always changing, so you’re sure to see something new every time you stop in.
722 Kirkwood Mall
Bismarck, ND 58504
Northern Plains Coins
Northern Plains Coins specializes in gold and silver, with a wide array of coins, bullion, and jewelry. They buy all types of gold and silver from individuals, resulting an an ever-changing inventory. Though they have little internet presence, Northern Plains Coins is well-known throughout the Fargo area. They offer appraisal services and also carry rare coins. Northern Plains Coin regularly runs contests in which they hide special coins throughout the Fargo area, redeemable for a prize once found.
2425 Main Ave
Fargo, ND 58103
Thank you for reading our guide to gold and silver buying in North Dakota. If you know of any other coin or bullion shops in ND, please contact us so we can update our directory.