Philadelphia Gold Shops

Compared to precious metal retailers online, local dealers offer several advantages as well as drawbacks. For many who want to physically hold a product before making a purchase, a local coin shop affords that convenience. On the other hand, customers at a local coin shop are only presented with a very narrow selection, limited to the current inventory.

Philadelphia is one of the US’s oldest cities, with deep roots in US culture and hisotry. Home to the Declaration of Independence, Liberty Bell and the US Mint, you shouldn’t be surprised that Philly is home to many reputable precious metal dealers. Here are a few that we think are worth a look.

Garfield Refining

garfield-refiningLooking to get away from the normal coin shop experience? Garfield Refining, as the name suggests, is more than just a precious metals dealer. Garfield buys precious metals (including gold, silver and platinum) in all volumes, melts, assays and recasts bullion for trading and sells gold (gold eagles, buffalo, maple leaf, Krugerrands and more) and silver bullion (eagles and maple leafs), as well as karat gold casting grains. Garfield Refining has been handling precious metals since 1892.

Check Garfield Refining out at 810 East Cayuga Street, Philadelphia, PA 19124.

South Street Coin & Jewelry

south-street-coin-jewelryIf you’d rather do business with a well-established bullion dealer in a retail setting, South Street Coin might be your kind of place. In business for over 70 years in downtown Philadelphia, South Street specializes in selling gold and silver bullion, including 1oz., 10oz., and 100oz. Bars, gold and silver eagles, K-Rands, gold and silver maple leafs, as well as 40% and 90% silver bags and rare US Mint and international coins.

Visit South Street Coin & Jewelry at 619 South Street, Philadelphia, PA 19147 or call at 215-413-3900.

Sansom Coin Exchange

sansom-coin-exchangeServing downtown Philly since 1977, Sansom Coin was founded by ex-Deak Perera International employee Malcolm Kurin. You’ll find a fine array of gold and silver bullion available, rare coins as well as international precious metal products and free inspections. Located on Jeweler’s Row, just down the street from Indepedence Hall and a short walk to the US Mint, even if you don’t find exactly what you’re looking for, you can still spend the day within walking distance of some of the most important spots in American and numismatic history.

Visit the Sansom Coin Exchange at 721 Sansom Street, Philadelphia, PA 19106 or call at 215-629-8898.

Sales Tax on Gold Purchases in Philadelphia

Always remember that sales tax varies on bullion from state to state. Check with local authorities if you are unsure about the laws in a particular city or state.Pennsylvania does not impose taxes on gold or silver bullion, making Philly dealers an attractive option for local gold purchases.