Hawaii - LOCAL DIRECTORY GUIDE
Hawaii is the only state comprised entirely of islands. Admitted to the United States in 1959, gorgeous Hawaii is newest state in our union, and is prized for its vibrant culture, sunny climate, and abundant beaches. Located on the island of Oahu, Honolulu is the state capital of Hawaii. Most of the coin shops in Hawaii are there, though there are a few others scattered throughout the islands. Here, we will discuss purchasing Gold and Silver bullion in Hawaii, from the best places to buy Precious Metal products locally in Hawaii to online options available to Hawaiian residents.
Bullion Sales Tax in Hawaii
While Hawaii does not collect sales taxes, they do collect a General Excise Tax (GET). This tax is paid by businesses—here, the seller—rather than by the customer. The state collects a 4% excise tax on coins and bullion products. Some island cities assign an additional 0.5%. The GET is generally added to the purchase price of coins or bullion as a separate line item, as sales taxes are in many other states.
However, the seller decides whether to add the excise tax as a separate line item or to just include it in the basic purchase price. You may have heard tourists mention that goods in Hawaii are simply more expensive than they are on the mainland, and the GET is partially responsible for that. If you purchase coins in Hawaii, check beforehand as to whether the price shown includes the GET, or whether this will be added separately at the time of purchase. Hawaii’s excise tax does not include any exemptions for transactions involving coins, paper currency, or bullion. In fact, there are very few exemptions overall, meaning that almost every transaction in Hawaii is taxable.
Coin Dealers Near Me
Hawaii is not home to any mints, so you will not find locally-struck Precious Metal pieces on the islands. However, if you are looking for a reputable wholesaler near you where you might make purchases locally, allow APMEX to assist you. Here we provide a list of wholesale dealers who may be able to assist you:
Thank you for joining APMEX in supporting local wholesalers. We know that personal relationships are important in the Precious Metals industry, and as eager as we are to be your go-to retailer, we hope you will reach out to local companies, too. Local dealers and experts may be a valuable source of information and even friendship as time goes by.
Local City Information
- Honolulu, Hawaii Local Directory
Located on the island of Oahu, Honolulu is the largest city in Hawaii. Gorgeous Honolulu is a major tourist destination for travelers from all over the United States and parts of Asia.
View Honolulu City Guide