Minnesota - LOCAL DIRECTORY GUIDE
Minnesota, known as the “Land of 10,000 Lakes,” is famous for amazing opportunities for outdoor activities it offers, including hiking, water skiing, and ice fishing. Minneapolis-St. Paul, or the ‘Twin Cities’, is home to over 50% of the population, while the rest of the state is dotted with smaller towns among the many national parks and rugged natural areas. Minnesota is consistently ranked among the healthiest states and also boasts with high voter turnout and high literacy rates.
Bullion Sales Tax in Minnesota
Sales tax is applied to purchases of coins, paper currency and Precious Metals in Minnesota. These items are counted among tangible personal property, and are subject to sales tax within the state. Furthermore, the items listed here are subject to a use tax if purchased elsewhere and brought into Minnesota. This precludes residents of Minnesota from purchasing their Precious Metals in a state that doesn’t collect sales tax and then bringing it home tax-free. Efforts have been made in recent years to create an exemption for coin and bullion sales. However, none of these attempts have been fruitful, and Precious Metal bullion collectors and investors in the state of Minnesota must pay the state sales tax, which currently sits at 6.875%. There may also be additional local taxes collected on a purchase. Minneapolis, for example, currently has a sales tax rate of 7.15%.
Local Gold and Silver Mints in Minnesota
You may wish to browse the mints local Precious Metal mints within Minnesota. Some of these mints offer retail products, while others are wholesale only.
Westminster Mint is a private Gold and Silver mint and one of Minnesota’s largest Precious Metal dealers. Their retail services focus on Gold and Silver bullion including coins, rounds and bars and the do have a live-pricing website. Their diverse minting services include making dies for custom pieces as well as producing investment-grade Precious Metal bars in many sizes.
Precious Metal and Coin Dealers Near Me
If you seek a reputable local wholesaler near you where you might make purchases in person, allow APMEX to be of service. Browse our list of wholesale dealers who may be able to assist you:
Thank you for joining APMEX in supporting local wholesalers. We believe that personal relationships are an important part of the Precious Metals industry, and while we are eager to be your valued retailer, we hope you will reach out to local companies, too. Local experts in the Precious Metals industry may be a valuable source of information and camaraderie as you continue down your path of investing and collecting.
Local City Information
- Minneapolis, Minnesota Local Directory
More than half of Minnesota’s residents live in the Minneapolis-St. Paul (or “Twin Cities”) area. This region is known for its rugged natural areas and many outdoor activities. The Minneapolis area has much to offer coin collectors and precious metal investors, with a number of highly regarded coin shops located here.
View Minneapolis City Guide