- Are Gold and Silver Recognized as Legal Tender? - No.
- Sales Tax Laws on Gold and Silver - HB 396, signed into law in 2017, ends sales tax on “purchases of platinum, gold, or silver bullion that is valued solely upon its precious metal content” and “numismatic coins that have a sales price of no more than one thousand dollars ($1,000) and numismatic coins that are sold at a national, statewide, or multi-parish numismatic trade show.”
- 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 Louisiana Operations at 1 (504) 579-8608 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 LA
RR Coins & Currency
P.O. Box 1162
Gretna, LA 70054
RR Coins & Currency carries a wide selection of coins and related collectibles, including US and foreign coins, proof and mint sets, paper currency from around the world, medals and tokens, historic bank checks, and postcards. The shop maintains an extensive numismatic library for research purposes. The website offers instant alerts for price changes or new inventory. RR Coins offers appraisals and evaluations, and the owner, Bob Reed, is known for his extensive numismatic knowledge.
Southern Coins & Precious Metals
4513 Zenith Street
Metairie, LA 70001
Southern Coins, founded in 1977, deals in U.S. and foreign coins, ancient coins, certified and graded coins, gold and silver bullion, and commemorative coins. They also purchase gold, silver, and coins, with quotes for bullion available over the phone.
Southern Coins has in-house gold melting and assaying capabilities, enabling them to offer higher prices for scrap gold. They also produce their own one- and ten-ounce silver bars in .999 pure silver. Their website offers live spot pricing for the most popular forms of gold and silver bullion.
Louisiana Gold and Coins
5525 S. Sherwood Forest Boulevard
Baton Rouge, LA 70816
Louisiana Gold and Coins carries a large inventory of gold, silver, and rare coins. Some of their most unique offerings include U.S. colonial coins, Morgan dollar sets, and certified ancient coins. The website offers live spot pricing for the most popular types of gold and silver bullion coins, many of which can be purchased online. They do charge a small premium for credit card payments over check/wire purchases.
Blanchard and Company Inc
909 Poydras St.
New Orleans, LA 70112
One of the largest New Orleans coin dealers, Blanchard and Company has sold to more than 400,000 coin collectors from around the globe. They specialize in rare coins along with gold, silver, and platinum bullion. The selection offered at Blanchard includes most popular gold and silver coins, rounds, and bars.
Bulk discounts are available, and many of their precious metal bullion products can be purchased online, with prices that reflect real-time changes in the spot price. They also offer dozens of rare coins, many of which can also be purchased online, though their showroom offers a more expansive selection.
Founded in 1974, Blanchard and Company pioneered the modern gold bullion industry.
James H. Cohen & Sons
437 Royal St.
New Orleans, LA 70130
James H. Cohen & Sons first opened in 1898, and is currently owned by the founder’s grandson. The largest and oldest coin dealer in Louisiana, their showroom offers a number of high-grade rare coins and unique antiques.
Cohen & Sons is renowned as the premier dealer for gold and silver coins originating at the historic New Orleans Mint, as well as other historic and rare U.S. coins. James H. Cohen also carries ancient Roman and Greek coins, Confederate and US paper currency, and coin jewelry.
Local Gold and Silver Mints in LA
Also browse the gold and silver mints local to Louisiana. Some of these mints offer retail products, while others are wholesale only.
New Orleans Mint
The New Orleans Mint, a branch of the U.S. Mint, operated from 1838 to 1861 and from 1879 to 1909. During these years, it produced more than 427 million gold and silver coins carrying a total face value of more than $307 million. Coins produced here include a wide range of denominations; each is identified by an ‘O’ mint mark on the reverse. The New Orleans Mint building is now considered to be a National Historic Landmark, and houses the Louisiana State Museum.