Buying Gold and Silver in Connecticut

Connecticut is home to more than 3.6 million Americans, making it the 29th highest population state in the United States. Rare coin collectors and precious metal investors in Connecticut should have no trouble finding a qualified coin and bullion dealer to help them build their portfolios and coin collections.

This page is your resource for finding leading coin and bullion dealers in Connecticut. Here, you’ll find a curated list of local dealers in the state, information about how sales taxes apply to precious metal purchases in Connecticut, tips on choosing between local and online bullion dealers, and more.

If you do purchase precious metals or rare coins in Connecticut, you should know that state law requires dealers to collect sales taxes on the following product types:

• Platinum, Palladium, and Copper Items. 
• Numismatic Bullion. 
• Accessories. 
• Processed Bullion Products.
• Gold/Silver Purchases Under $1,000.

Businesses are required to collect sales taxes on these items when selling in Connecticut or shipping to Connecticut addresses, even if the sale in question is being made online. 

Buying Precious Metals Online vs. Locally in Connecticut

Connecticut is a great place for coin collectors to live, work, and trade the precious metals and rare coins they love. If you’re a Connecticut-based precious metal investor, you should have no trouble finding a qualified coin or bullion dealer to help you expand your collection or grow your portfolio.

Doing business with local coin dealers can help investors locate hard-to-find coins, bars, and rounds, negotiate prices in-person, and save money on costly shipping fees. Some old-school collectors also appreciate doing business locally, and working with a local coin dealer can help you get more involved with your local coin-collecting community.

That being said, a growing number of precious metal investors are turning to online coin and bullion dealers to buy their favorite products. Online coin and bullion dealers like Hero Bullion tend to offer competitive prices, expansive inventories, and a degree of convenience that local dealers can seldom provide.

Should you buy precious metals or rare coins locally or from an online dealer? It depends on your personal preferences, investing objectives, and budget. Below, we’ll take a closer look at the pros and cons of each approach to investing in precious metals and rare coins.

Gold and Silver Taxes in Connecticut

Connecticut requires gold and silver dealers to collect sales taxes on certain types of precious metal products and rare coins. Hero Bullion makes buying precious metals easy by automatically calculating and applying all applicable sales taxes to your order total based on the shipping address you provide us during checkout.