Illinois - LOCAL DIRECTORY GUIDE
Illinois is best known as the Land of Lincoln, but it has a diverse history that contributes greatly to the flavor of the Midwest. Illinois is now home to several major museums, a renowned theatre community and a vibrant jazz and blues culture. The state is additionally home to several longstanding coin dealers, especially within the famous city of Chicago.
Bullion Sales Tax in Illinois
Under Illinois tax law (http://tax.illinois.gov/publications/bulletins/1985/FY85-33.PDF), “legal tender, medallions, and bullion are exempt from the sales tax.” According to this law, legal tender includes paper currency as well as coins used in the United States or any foreign country except the Republic of South Africa. “Medallions” refers to any non-legal-tender coin issued by a governmental body. “Bullion” is defined as any Gold, Silver or Platinum piece with a purity of at least 0.980. This is a broad sales tax exemption, including nearly every type of rare and historic coin and Precious Metal bullion item commonly found in a coin shop. Please note that under Illinois state law South African Krugerrand bullion coins are still taxable. When this law was passed in 1985, this regulation led to an appreciable drop in Krugerrand sales within Illinois.
Coin Dealers Near Me
Illinois does not have any mints within the state, so you will not find locally-struck Precious Metal pieces in coin shops. However, if you are looking for a reputable wholesaler near you where you might make purchases locally, allow APMEX to be of service. 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 trusted 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
- Chicago, Illinois Local Directory
Chicago is home to many respected Precious Metal wholesalers who may be able to assist you, including:
View Chicago City Guide