Buying Gold and Silver in Colorado

Colorado is a great place to be if you’re a rare coin collector or precious metals investor. If you’re a stacker or collector located in Colorado, this page is your resource for buying gold, silver, and other precious metals in the state.

Most of Colorado’s qualified coin and bullion dealers are located in Denver, which is the state’s capital and its most populous city. Even if you don’t live in the Denver metropolitan area, Colorado’s cities are filled with qualified precious metal and coin dealers who can help you expand your collection, build your portfolio, or sell the coins, bars, and rounds that you already have for a fair price.

If you do plan to buy precious metals or rare coins in Colorado, you should be aware that the state requires dealers to collect sales taxes on certain types of bullion products, including:

• Copper Products
• Numismatic Bullion/Coins
• Accessories
• Processed Bullion

For more information about how Colorado’s state sales tax may apply to your next online or local precious metal purchase, scroll down to the bottom of this page for a link to our Colorado gold and silver tax overview.

Buying Precious Metals Online vs. Locally in Colorado

Whether you’re a new precious metals investor or a seasoned collector, you’ll need to decide between buying precious metals online versus locally. Since Colorado has so many qualified and top-rated coin dealers, investing in precious metals locally is always a viable option in the state. However, a growing number of investors are taking advantage of the low prices, extensive inventories, and convenience of online dealers to build their collections and investment portfolios.

Buying precious metals and coins locally comes with several notable advantages. To start, you’ll save money on shipping fees by investing in gold, silver, and other precious metals through your local Colorado coin shop. Additionally, some local coin shops may have access to hard-to-find coins and numismatic items that online dealers have little incentive to stock. Finally, working closely with your local coin dealer can help you build connections and get more involved in the city’s local coin-collecting community, which can be invaluable. 

Online precious metal dealers have made it easier than ever to buy and sell precious metals, rare coins, and other numismatic items. Many online dealers offer competitive prices on precious metal products compared to local dealers, and the convenience of being able to place orders 24/7 makes online investing an attractive option for collectors who value convenience. Additionally, online dealers are usually able to secure a wider inventory of in-stock options than local, brick and mortar stores, which can give you a leg-up as you look for the products you love.

Should you buy precious metals online or locally in Colorado? The answer to this question depends chiefly on your personal preferences, investment objectives, and budget. Below, we’ll take a closer look at how these two types of dealers compare.

Gold and Silver Taxes in Colorado

Whether you choose to buy online or locally, Colorado requires dealers making sales within the state to collect sales taxes on certain product types, including copper products, numismatic bullion and coins, accessories, and processed bullion.

For more information, check out Hero Bullion’s overview of gold and silver taxes in Colorado below.