New York City Gold Shops

New York City is the center of the financial world, so it shouldn’t be a surprise that you can find plenty of places to buy gold and other precious metals within a few miles of Wall Street.

If you’ve got all day to spend scouting the best deals in bullion, try heading down to West 47th Street, between Fifth and Sixth Avenue, and you’ll find yourself smack dab in the middle of over two-dozen precious metal dealers (not to mention just around the corner from Rockefeller Center). If you can’t find what you’re looking for here, it probably doesn’t exist.

If you don’t have all day, here are three of NYC’s best gold sellers:

American Coin & Stamp Co. Inc.

american-coin-stamp-coWhile not technically in New York City, American Coin and Stamp Co.’s New Jersey location shouldn’t keep you from popping in to check out their stocks of certified rare coins, gold, silver and platinum.

American Coin, “New Jersey’s oldest and largest rare coin, gold and silver exchange”, offers a full array of US Mint gold, silver and platinum eagles coins, Canadian leafs, Engelhard, Johnson Matthey, rare coins, certified appraisals and more.

American Coin & Stamp Co. Inc. (est. 1955) is located at 1273 Main Avenue Clifton, NJ 07011. Call them directly at 1-877-949-8800.

Bullion Trading LLC

bullion-trading-llcOne of NYC-proper’s largest precious metal dealers, Bullion Trading LLC, has been in business for more than two decades and handles over $150 million in annual transactions. Needless to say, they know a thing or two about selling gold. Bullion Trading sells gold and silver bars and coins, as well as an array of extremely rare coins.

You can visit Bullion Trading at 1156 6th Avenue New York, NY 10036 or call directly at 212.997.2520. (Other Bullion Trading locations are open in Connecticut, Pennsylvania and New Jersey, and the company also maintains an online trading website)

Manfra, Tordella & Brookes Inc. (MTB)

mtbAnother of New York’s finest gold sellers, Manfra, Tordella & Brookes Inc., known as ‘MTB’, has been selling precious metals just east of Battery Park since 1957. MTB sells gold, silver, platinum and palladium coins, bars and bullion, and also is the only official USA distributor of PAMP Suisse products, making them an extremely trusted source.

Manfra, Tordell & Brookes is located at 90 Broad Street New York, NY 10004. Call them directly at 212-981-4510. Please note that as of 12/26/12 MTB is still repairing their facility from Hurricane Sandy damages. They are not currently operational at their Broad Street location.

Sales Tax on Gold Purchases in NYC

State and local sales tax rates and other state-specific criteria for gold purchases are often a deciding factor when it comes to buying gold locally as an investment.

Sales tax laws apply both in New Jersey and New York, but in different ways.

  • 7% sales tax on purchases of gold bullion in New Jersey.
  • Precious metals are not taxed in New York as long as they are bought for investment purposes, ie. in amounts over $1000.

More details can be found here: