- Are Gold and Silver Recognized as Legal Tender? - No.
- Sales Tax Laws on Gold and Silver - Investment coins, including gold and silver, are exempt from sales tax according to the General Sales Tax Act, Section 205.54s.
- 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 Michigan Operations at 1 (248) 579-4201 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 MI
If you are looking for gold and silver dealer or coin shops in specific cities located in state of Michigan be sure to check out our other local coin shop pages:
Redford Jewelry and Coin
15386 N Haggerty Rd
Plymouth, MI 48170
Founded in 1984, Redford Jewelry and Coin – also known as Silver Superior Coins – specialize in U.S. coinage. They offer a complete array of US coins including mint and proof sets, dollars, quarters, dimes, nickels, and cents.
Redford Jewelry and coin also sells Silver American Eagles and other gold and silver bullion coins, in addition to world coins. A select assortment of their coins can be purchased online; the rest is available for browsing in their Plymouth, Michigan coin shop. The prices are updated throughout the day to reflect the changing market rates for gold and silver. Redford Jewelry & Coin also buys coins and currency in person or through the mail.
Birmingham Coin and Jewelry
33802 North Woodward Avenue
Birmingham, MI 48009
Founded more than three decades ago, Birmingham Coin recently merged with another coin shop, enabling them to expand their selection and move to a new, larger location. Birmingham Coin and Jewelry buys and sells all U.S. coins and precious metal bullion, and also offers a selection of foreign coins, paper currency, stamps, and jewelry.
They are known for their selection of gold and silver bullion coins like the American Silver Eagle, as well as investment-grade rare coins. They offer appraisals, and actively purchase pre-1964 US coins and gold and silver scrap and bullion. A selection of their coins and jewelry is available for sale on eBay.
Liberty Coin Service
400 Frandor Avenue
Lansing, MI 48912
Founded in 1971, Lansing’s Liberty Coin Service is a full-service coin shop. The shop recently moved to a new, larger location, enabling them to expand their selection. Liberty Coin buys and sells U.S. and world coins, paper currency, tokens and medals, autographs, jewelry, and bullion in gold, silver, platinum, and palladium.
Their current buy and sell prices for many items are posted on their website. They serve more than 100,000 customers every year. Liberty is an NGC, PCGS, and ANACS authorized dealer, and regularly serves as an appraiser or consultant for banks, law firms, and police departments.
Westland Jewelry & Exchange
28962 Warren Rd.
Westland, MI 48185
Westland Jewelry specializes in precious metals, buying and selling a wide variety of jewelry, bullion, and coins. Because they actively buy from individuals, the inventory is constantly changing.
They deal in US and foreign coins, mint and proof sets, coin collections, and gold and silver bullion. Westland Jewelry & Exchange also offers trade and pawn services.