- Are Gold and Silver Recognized as Legal Tender? - No.
- Sales Tax Laws on Gold and Silver - Idaho Statute 63-3622V exempts the sale of precious metal bullion or monetaized bullion from sales taxation.
- Is Capital Gains Tax Levied on Gold and Silver? - Yes.
- Do the State’s Laws Allow for a State Bullion Depository? - No.
- Does the State Hold Gold and Silver Reserves? - No.
- Does the State Hold Physical Gold and/or Silver in Government Pension Funds? - No.
Call GSI Exchange Idaho Operations at 1 (208) 261-7329 For All IRA or 401(k) Rollovers, CD's, Money-Market or Annuity Conversions to Physical Gold or Silver Coins or Bars
For Cash or Smaller Transactions Visit These Vetted-Local Gold and Silver Dealers in ID
If you are looking for gold and silver dealer or coin shops in specific cities located in state of Idaho be sure to check out our other local coin shop pages:
Canyon County Coin
1200 1st Street South
Nampa, ID 83651
Canyon County Coin has four decades of experience buying and selling coins, proof and mint sets, gold and silver bullion, paper currency, tokens, and scrap gold and silver. They specialize in rare, foreign, and ancient coins, as well as modern collectible coins.
Because most of their inventory comes from individual collectors, the selection available in-store is constantly changing. Buyers may want to call beforehand to see what is currently available in inventory before driving out to Canyon County Coin.
Rose Hill Coins & Jewelry
3506 Rose Hill St.
Boise, ID 83705
Rose Hill, located in Boise, is one of Idaho’s largest gold and silver dealers. This family-owned shop has been open for more than four decades. They purchase coin collections, bullion, jewelry, scrap gold, and gold nuggets, and their website offers a current list of the items they are most interested in purchasing.
Rose Hill deals in all forms of gold and silver bullion, including American Eagle, Canadian Maple Leafs, silver rounds and bars, pre-1964 silver, and foreign gold and silver coins, as well as precious metal scrap.
Their coin selection includes rare, graded, and commemorative coins, as well as tokens and other numismatic collectibles at every price point. Rose Hill also offers metal detectors and prospecting equipment for those who want to try their hand at mining their own precious metals.
545 Shoup Ave #108A
Idaho Falls, ID 83402
Infinity Coins, an Idaho Falls coin dealer, buys, sells, and trades a wide variety of coins, bullion, and numismatic collectibles. Their selection includes silver and gold coins, bullion, and scrap, along with foreign coins, paper currency, and graded coins.
A small selection of their inventory can be seen online; visit their showroom for a complete selection. They encourage beginning collectors; through their Coins for Grades programs, students can earn store credit by bringing in their report card.
1650 Overland Ave #6
Burley, ID 83318
CH Coins offers a wide selection of US and foreign coins and currency, along with gold and silver coins, and stamps, memorabilia, and collecting supplies. They specialize in Idaho tokens and other numismatic collectibles.
CH Coins owner Hollis Pincock is the author of “Idaho Tokens for Collectors”. They buy and sell coins in person and through the mail, and offer coins for sale on their website, on eBay, and in their showroom. In addition to their Carey, Idaho storefront, they have another part-time location in Burley, Idaho.
Gem State Gold and Silver
10384 Fairview Ave
Boise, ID 83704
Gem State is a gold and silver seller, buyer, and assayer. They have precise equipment to accurately analyze gold, silver, platinum, and palladium scrap, resulting in higher prices paid for dental gold, jewelry, and other precious metal scrap.
Their pricing is fairly complicated, but clearly laid out on their website. Gem State’s buy/sell spreads are based on the weight of metal involved, and are published on their website. On many items, they promise to match the Apmex price+1% for sell prices, and -3% for buy prices.
Local Gold and Silver Mints in ID
Also browse the gold and silver mints local to Idaho. Some of these mints offer retail products, while others are wholesale only.
7600 Mineral Dr. Suite 700
Coeur d’Alene, ID 83815
One of the largest private mints in the world, Sunshine Minting, Inc. is renowned for its silver bullion products. Located near Couer d’Alene’s rich silver mines, Sunshine produces silver rounds, bars, and coin blanks. Their popular one-ounce silver rounds carry an American Eagle design with the sun’s rays in the background.
SMI also produces 5 and 10 ounce silver rounds, and silver bars in 1, 5, 10, 50, and 100 ounce sizes. In gold, they produce rounds in 0.1, 0.25, 0.5, and 1 ounce sizes, and bars in 1, 5, and 10 grams, as well as 1 or 10 ounce sizes. Sunshine Mint silver bullion can be purchased directly from the mint or from many gold and silver dealers around the world.