- Are Gold and Silver Recognized as Legal Tender? - No.
- Sales Tax Laws on Gold and Silver - Section 11-214.1 of the Maryland Tax Code states that gold and silver coin or bullion sales are exempt from sales tax if the sale price is greater than $1,000.
- 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 Maryland Operations at 1 (410) 567-0242 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 MD
If you are looking for gold and silver dealer or coin shops in specific cities located in state of Maryland be sure to check out our other local coin shop pages:
Baltimore Gold & Silver
113 N Charles St
Baltimore, MD 21201
Baltimore Gold & Silver, one of the best-known coin dealers in Baltimore, buys and sells rare US coins, paper currency, precious metals, and collectible sports memorabilia.
Located in downtown Baltimore, they have 25 years of experience and are known for honest, fair deals whether buying or selling jewelry, scrap gold and silver, or historical coins.
8722 Satyr Hill Rd.
Parkville, MD 21234
A Baltimore fixture for more than five decades, Harford is known for its expansive inventory of U.S. and foreign coins, proof and mint sets, ancient coins, tokens and medals, paper currency, stamps, ephemera, and gold and silver bullion.
Baltimore’s oldest coin shop, Harford Coin Company offers appraisals and grading services. They are especially well-known for their selections of collectible ancient coins and early U.S. coins.
Gaithersburg Coin Exchange
16 East Diamond Avenue
Gaithersburg, MD 20877
Gaithersburg Coin Exchange, founded more than four decades ago, is an NGC authorized dealer officially recommended by the U.S. Mint. They purchase and sell silver, gold, palladium, and platinum bullion and paper currency.
Gaithersburg’s U.S. coin selection includes a wide array of certified coins and silver dollars. They also carry other US and foreign coins. Many of their coins are shown online; others are only available in their showroom.
Frederick Coin Exchange
20 N East St.
Frederick, MD 21701
Though Frederick Coin Exchange only opened in 2007, already it has become the area’s premier coin dealer. The shop claims that more than 70% of its customers are repeat visitors. Their prices are lower than many online dealers.
At least three specialists are in the store at all times to assist customers looking to buy or sell gold, silver, or coins. Every month, Frederick Coin Exchange purchases millions of dollars worth of precious metals. Their buy and sell prices are clearly listed on their website for the most popular bullion types.
Frederick offers grading submission services and free verbal appraisals. Their expansive inventory ranges from relatively inexpensive coins for beginning collectors, to rare high-grade coins priced at hundreds of thousands of dollars. Frederick Coin Exchange specializes in rare U.S. coins, as well as gold and silver bullion coins.
1447 York Road, Suite 310
Lutherville-Timonium, MD 21093
Certified Rarities, as the name suggests, specializes in rare and high-grade coins. They carry US Mint proof and uncirculated coins, high-grade US and foreign coins, and gold and silver bullion.
Their employees are well-trained to help new or experienced collectors select the right coins to add to their collection. Certified Rarities is a PCGS and NGC authorized coin dealer offering grading submission services, appraisals, and coin collecting supplies.
Local Gold and Silver Mints in MD
Also browse the gold and silver mints local to Maryland. Some of these mints offer retail products, while others are wholesale only.
The Maryland Mint
The Maryland Mint specializes in full-size reproductions of historical U.S. coins. Most of their items are not precious metals, though they may be replicating coins that were originally minted in gold or silver.
For example, Maryland Mint produces a 24K gold-plated version of a United States Treasury 1 kilo gold bar. Their items are known for carrying beautiful designs, but contain no precious metals.
American Islamic Mint
Baltimore-based American Islamic Mint specializes in gold, silver, and platinum medallions designed to depict and promote Islamic religion and culture. This small mint, though new to the precious metal industry, has already produced several popular silver rounds featuring unique Islamic themes. Their first commemorative series is “The Five Pillars of Islam.”