- Are Gold and Silver Recognized as Legal Tender? - No.
- Sales Tax Laws on Gold and Silver - Gold and silver sales are subject to sales taxation despite the 2017 introduction of Legislative Document 664 which proposed an exemption. The bill was not signed into law, but efforts by legislators in support of sales tax exemption are still underway.
- 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 Maine Operations at 1 (207) 209-3270 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 ME
Below is a list of local precious metals dealers in Maine, including directions to each local shop.
Maine Gold & Silver
220 Maine Mall Rd Ste 4
South Portland, ME 04106
Maine Gold & Silver, a family-owned precious metal shop, carries gold and silver coins and jewelry. They offer PCGS, NGC, and ANACS coin grading submission, with a complimentary pre-screening service to ensure that the coins are worth grading.
Maine Gold & Silver buys gold, silver, and platinum jewelry and coins. They also offer appraisals and a full range of jeweler services. With their Scrap Metals For Charity program, Maine Gold & Silver has donated more than $40,000 to local organizations.
Houlton Stamp and Coin
8 Market Square
Houlton, ME 04730
Houlton Stamp and Coin specializes in U.S. coinage. Because they actively buy from individuals, the inventory is constantly changing. In addition to coins, Houlton offers stamps, postcards, antiques, and other collectibles.
They also buy and sell gold and silver scrap; occasionally they offer sterling silver scrap at or below the melt value. A small portion of their inventory can be purchased online, but most is only available at their storefront.
M.A. Storck Company
651 Forest Ave.
Portland, ME 04101
M.A. Storck, a longstanding Portland coin dealer, carries a wide selection of coins and precious metal items.
They are known for their Town Medals, from different Maine towns, made in silver, copper, brass, pewter, and 24K gold-plated. Their coin selection includes proof and mint sets, commemorative coins, foreign coins and currency, and gold and silver bullion.
M.A. Storck also provides safety deposit boxes available for rental, and offer wholesale pricing for bulk purchases. A small selection of their coins and collecting supplies can be purchased via their website.
Twin City Gold
38 Alfred St.
Biddeford, ME 04005
Twin City Gold is constantly buying and selling antiques and collectibles. Their coin selection includes certified and raw coins, US currency, obsolete foreign currency, and Canadian currency. They also carry jewelry, coin collecting supplies, and antiques. In addition to buying coins and bullion outright, Twin City is also a pawn shop.
Vest Pocket Coin & Currency
220 Bath Rd Ste #4
Brunswick, ME 04011
Vest Pocket Coin & Currency specializes in US coins and silver bullion. They also offer an array of foreign coins and gold bullion. Because they are actively buying collections, the inventory is constantly changing.
Some of their coins are available via eBay; others can only be purchased at their storefront. Vest Pocket Coin is actively seeking gold, silver, platinum, and rare or historical coins for purchase.