In this day and age, it is a great idea to make informed and well-thought decisions when it comes to your finances.
Investing in precious metals is a smart financial decision for those looking to diversify their portfolios and protect their wealth.
Albuquerque, New Mexico, offers a range of options for purchasing precious metals, with various dealers offering different services and pricing.
Whether you are a seasoned investor or new to the world of precious metals, it can be difficult to know where to do business and who to do it with.
For this reason, in this article, I will look at some of the best places to buy gold and silver in Albuquerque.
Important Notice! Before you continue onwards:
Sutter Gold Mining prides itself on providing the most accurate and up-to-date information possible.
I put in long, hard hours to ensure all the information I provide is reliable and helpful for you to buy gold and silver. This is simply because financial decisions like this should be well-planned!
>> CLICK HERE to read my list of the Best Gold IRA Companies. <<
Alternatively, if you want to look directly at my No.1 recommended company, click the link below. That way, you can also get a complementary precious metals investment kit for free!
I will talk about what you should consider when making your purchase. From the experience and reputation of the dealer to the types of products they offer. All of this will help you make a proper decision.
Where To Purchase Gold & Silver In Albuquerque, NM
Albuquerque has several well-established gold and silver dealers, pawn brokers, and coin/jewelry stores.
Businesses like these are known for their experienced staff, fair pricing, and strong reputation in the community.
Before making a transaction, it is important to research and compares prices and services to ensure you’re getting the best deal.
This is why I will talk about the best precious metal dealers in the city in this section of the article.
1. Gold and Silver Exchange NM with Jewelry Roundup
Gold and Silver Exchange NM with Jewelry Roundup is a respected and well-established store with a rich history in Albuquerque, New Mexico.
They have 35 years of expertise in the precious metals, and fine jewelry industry, means that you can always trust them to provide you with the best possible prices.
This is regardless of whether you want to transact in gold, silver, jewelry, or bullion. They are committed to quality, value, and customer service, which set them apart.
By shopping here, you support a locally owned and operated business that cares about the community. The employees here take pride in building personal relationships with every customer.
With a wide selection of high-quality precious metals and jewelry, you can find exactly what you’re looking for at a price you’ll love. This warrants a visit to them as soon as you get the chance.
Phone Number: (505) 884-9230
Address: 6101 Menaul Blvd NE, Albuquerque, NM 87110
Website: https://www.goldandsilverexchangenm.com/
2. Rocky Mountain Gold & Silver Exchange
Founded by Tess Conti in 1990, Rocky Mountain Gold & Silver Exchange has been a fixture in Albuquerque and the surrounding areas for three decades.
They offer expert repair services for all types of jewelry. They also specialize in procuring gold, silver, platinum, diamonds, gemstones, and watches.
Whether you are looking to sell broken chains or diamond engagement rings, their team of experts can provide you with accurate appraisals and fair prices.
Their staff also has a gemologist with over 35 years of experience, including time at the Gemological Institute of America.
This guarantees that your diamonds and gems will be graded with precision in case you visit them for that.
Phone Number: (505) 884-5964
Address: 7200 Menaul Blvd NE, Albuquerque, NM 87110
Website: https://rockymountaingold.com/
3. Castle Gold & Silver
The people working at Castle Gold & Silver are proud to offer generations of expertise in jewelry and precious metals.
With roots as jewelers and watchmakers dating back multiple generations, this locally owned and operated business’s family is deeply passionate about their craft.
They believe in building strong relationships with their customers and are proud to have developed a loyal following over the years.
As a full-service jewelry store, they offer a wide range of services, including jewelry repair and watch repair. More importantly, they also offer you to invest in gold, silver, platinum, diamonds, and gemstones.
This is combined with a dedicated team of smart and professional employees that have been working in this field for years on end.
You should visit them and experience the warm, family-oriented atmosphere and expert knowledge they offer.
Phone Number: (505) 888-4653
Address: 5606 Menaul Blvd NE, Albuquerque, NM 87110
Website: https://castlegoldandsilver.com/
4. Crown Jewels & Coin
This establishment is many people’s go-to place for investing in gold and silver in the city. Crown Jewels & Coin is a premier jewelry store with over 60 years of expertise in the industry.
They offer a wide range of products, including fine jewelry, estate jewelry, loose diamonds, preowned watches, and precious metals. Additionally, they also provide in-house no-interest financing with no credit check.
At the buying counter, Crown Jewels & Coin accepts a wide range of items, including coins, bullion, estate jewelry, and diamond rings.
With a strong commitment to providing the best experience, Crown Jewels & Coin is the highest-rated jeweler in New Mexico.
The friendly and no-pressure approach at this establishment makes every visit enjoyable, whether for buying or selling.
Phone Number: (505) 884-4888
Address: 3248 San Mateo Blvd. NE, Albuquerque, NM 87110
Website: https://crownjewelsandcoin.com/
5. ABQ Gold & Silver Jewelry Exchange
ABQ Gold & Silver Jewelry Exchange is a store staffed by three Graduate Gemologists from the Gemological Institute of America and equipped with high-end industry-standard equipment.
The staff is committed to the highest ethical standards, ensuring customer confidence and satisfaction in all jewelry and watch transactions.
With over 40 years of experience, the store offers a selective inventory of high-quality fine jewelry, diamonds, and luxury watches.
The owner aims to provide customers with the best value in terms of quality products and services. People know the owner to be an honest man.
This is apparent from the fact that his business has easily made various purchases that go over a million dollars.
It is because of this honesty and friendly approach to business that people end up coming back to this establishment. It is also the reason why I recommend them as well.
Phone Number: (505) 872-1500
Address: 7212 Menaul Boulevard N.E. Albuquerque, New Mexico 87110
Website: https://www.abqgoldandsilver.com/
6. National Jewelry Buyers
National Jewelry Buyers is a gold and silver exchange in New Mexico that offers cash for precious metals like silver, gold, coins, bullion, dental gold, and other valuables.
The business prides itself on offering a straightforward and honest service to its customers, with no games or negotiating involved.
They offer free evaluations and no obligation cash offers in the shop and have received five-star reviews from their customers.
These customers mostly appreciate their fair prices, quick assessments, and knowledgeable staff. The company also provides estate liquidation services, posts spot prices on its website, and offers insider tips on its blog.
National Jewelry Buyers serves customers in Albuquerque, Rio Rancho, Santa Fe, Farmington, Las Cruces, ABQ, Socorro, and New Mexico.
This shows they are dedicated to getting the highest prices and immediate cash payment for jewelry as quickly and easily as possible.
Phone Number: (505) 888-1805
Address: 5815 Menaul Blvd NE Albuquerque, NM 87110
Website: https://www.nationaljb.com/
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In Albuquerque, NM?
The cost of buying gold from dealers in Albuquerque can differ based on various factors, including the dealer’s profit margin, the current market value of gold, and their business expenses.
To secure the best deal, it is recommended to compare prices from multiple dealers in Albuquerque and consider additional expenses like shipping and insurance.
The price of gold is not constant, as it is subject to fluctuations in supply and demand. Typically, the dealers will charge from 2 to 12% on the gold you buy.
Q2: Are There Taxes On Purchasing Gold & Silver In Albuquerque, NM?
The state of New Mexico imposes a gross receipts tax on all retail sales, which may apply to purchasing gold and silver.
A tax is implemented in the city of Albuquerque when it comes to buying and selling precious metals.
You do not have to worry about it as it is imposed on the seller! Since the city of Albuquerque falls into this state, they will also see this tax in place. Currently, it is sitting at 5.125% of the product in question.
Q3: Can You Invest In A Gold IRA In Albuquerque, NM?
Yes, you can invest in a gold IRA in Albuquerque. This investment allows you to hold physical precious metals such as gold, silver, platinum, and /or palladium as part of your retirement portfolio.
This type of investment can also offer the peace of mind that comes with owning tangible assets that have historically held value over time.
Additionally, with a gold IRA, you can physically possess your metals if you choose. If you’re interested in learning more about the benefits of a gold IRA, it is recommended that you check out the next section below.
Gold IRA services are a perfect way to diversify your assets and expand your investment portfolio. This, however, is only possible if you have a capable firm providing you with the service. I have gone ahead and compiled various reliable gold IRA companies for your benefit!
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Conclusion
With the article’s end, I can conclude that investing in gold and silver in this city is a popular savings option.
This is mostly due to the city’s thriving precious metals market and the presence of numerous reputable dealers.
With careful research, due diligence, and the list of dealers mentioned above, you can find good deals on precious metals and enjoy peace of mind in your investment.
Make sure to keep all the discussed factors in mind to make an informed decision about your investment.
Martin Thomas, the owner of Sutter Gold Mining, is a true gold investment aficionado. With decades of experience and a wealth of knowledge, he is the go-to source for anyone navigating the vast world of precious metals. Martin has dedicated decades of his life to understanding the intricacies of the precious metals market and the best strategies for maximizing returns. His expertise in this field is unmatched, and his commitment to helping others make informed investment decisions is unwavering. With him as your guide, you’ll gain a deeper understanding of the gold market and learn how to make smart investment choices that will benefit you for years. With his guidance and wisdom, you will never have to worry about taking the wrong investment step again.
