- Are Gold and Silver Recognized as Legal Tender? - No.
- Sales Tax Laws on Gold and Silver - Sales of precious metals coins, currency, or bullion is exempt from sales tax according to the Iowa Department of Revenue.
- 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 Iowa Operations at 1 (515) 512-5418 For All IRA or 401(k) Rollovers, to Physical Gold or Silver Coins or Bars
For Cash or Smaller Transactions Visit These Vetted-Local Gold and Silver Dealers in IA
Chester’s Coins & Gifts
221 Main Street
Ames, IA 50010
Chester’s Coins is a local Iowa coin dealer founded by Scott Nichols, a former president of the Iowa Numismatic Association. An authorized NGC and PCGS dealer, this is a full-service coin shop that buys, sells, trades, and appraises all forms of coins and bullion, including rare and ancient coins, paper currency, gold, and silver.
Chester’s strives to offer a wide range of coins at every price point from $1 to $5000. They do have minimum purchase requirements for certain gold and silver bullion coins (such as 20 coins, 500 silver ounces, or $1000 face value for 34%, 40%, and 90% silver), though they can often source single coins at a slightly higher premium.
620 Center Point Rd NE
Cedar Rapids, IA 52401
Ron’s Coins, a Cedar Rapids coin dealer, is known for confidentiality and integrity. Their services are available by appointment only; the shop does not publicize walk-in hours. Ron’s Coins buys and sells rare and historical coins, along with jewelry, coins and bullion made of gold, silver, platinum, and palladium.
Ron’s is a PCGS and NGC authorized dealer and a US Mint authorized dealer that strives to offer one-on-one service for every customer. Their most popular products include American Eagle bullion coins, Engelhard silver bullion, and US Mint proof sets. Their appraisal fee is $35 per hour unless they purchase your collection.
Capital City Coins & Bullion
7576 Hickman Rd
Des Moines, IA 50324
Capital City Coins offers competitive rates and promises to match or beat the prices offered by other local coin dealers. They buy, sell, trade, and appraise jewelry, coins, bullion, and precious metal scrap. Appraisals are free, and Capital City Coins offers after hours appointments any day of the week. Their products include gold and silver bullion bars, raw and slabbed coins, and paper currency.
Quad City Coin & Antique Company
2395 Tech Dr #10
Bettendorf, IA 52722
Quad City Coin is a small Iowa coin dealer specializing in US and foreign coinage. They regularly search the 7-state area around Iowa to purchase coins and collectibles from individual buyers and other dealers.
In recognition of their location in a small Midwest town, Quad City Coin offers an expansive selection online. Quad City is a member of the American Numismatic Association and the Iowa Numismatic Association.
Christopher’s Fine Jewelry & Rare Coins
3427 Merle Hay Rd.
Des Moines, IA 50310
Christopher’s Fine Jewelry & Rare Coins specializes in precious metal jewelry and coins. Their coin selection includes US and foreign coins and currency, proof and mint sets, and precious metals (gold, silver, platinum, and palladium).
Christopher’s buys gold and silver bullion, scrap, and jewelry, and also offer appraisals for a fee of $35 per hour, which is waived if the shop purchases the collection. Their precious metal offerings include the most popular forms of gold and silver bullion, in a wide variety of sizes to suit any buyer's budget.