Being the second most populous city in Tennessee, Memphis is a thriving city mostly due to its aircraft parts business. That being said, the city also has a rising gold market which deserves to be highlighted.
To buy gold and silver in Memphis, you must go through various dealers to find which one is good for you. While this sounds easy, you need to check out plenty of things to assess which is worth your investment.
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!
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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!
In this article, I will discuss various gold and silver dealers you can find in Memphis, which I believe to be reputable.
I will state their services and current reputation to help you decide this for yourself, so check them all out!
Where To Purchase Gold & Silver In Memphis, TN
Unless you want to run the risk of getting scammed, you must ensure that the dealer you are negotiating with is reputable and provides quality services. This can be tedious to check, so I will cover this in this article.
1. A Coin & Silver Shop LLC
A Coin & Silver Shop LLC is dedicated to serving the city of Memphis and the mid-south region. It buys and sells US & World Coins, Paper Money, and Sterling silver flatware.
The store’s staff has over 50 years of experience in the wholesale coin & currency business. They are also highly knowledgeable in the gold, silver, and collectible coin market.
They offer an extensive inventory of all PCGS & NGC Certified Coins. This enables them to provide customers with cost-effective resources to complete their collections with high-quality items.
Moreover, this establishment also offers appraisal and liquidation services to customers who want to sell their items.
With a national market reach, the store’s inventory is constantly updated to help customers find rare and valuable pieces.
A Coin & Silver Shop has been an eBay seller since 2002, receiving over 13,000 positive reviews. This is enough to make it a reputable and reliable business.
As gold & silver and collectible coin buyers, they always ensure that they pay fair market value for their purchases. The store’s mission is to provide its customers with the best service possible.
Phone Number: (901) 590-2022
Address: 4726 Poplar Avenue Suite #6, Memphis, TN 38117
Website: https://www.acoinandsilvershop.com/
2. Memphis Gold and Diamond Buyers
As you would expect, Memphis Gold and Diamond Buyers is a shop that buys gold, silver, platinum, and diamonds. According to them, they offer the highest prices for jewelry, coins, and bullion in the Mid-South.
Customers can get cash in less than 10 minutes without needing an appointment. The staff is extensively trained in precious metals, diamonds, and coins.
Furthermore, they provide transparent and refreshing service in a cozy, bright, and secure store.
The store is equipped with state-of-the-art certified equipment, allowing customers to see the entire testing and evaluation process.
The staff provides free, no-obligation quotes and uses their expertise and relationships with the top refineries and wholesalers worldwide to offer the best prices.
If that is not enough, the store has received positive reviews for its friendly customer service, high prices, and expertise.
Memphis Gold and Diamond Buyers offer a convenient and safe environment for people looking to sell their precious metals or diamonds.
This makes them a must-visit dealer in the city if you are looking for a reliable place to purchase or sell your gold & silver.
Phone Number: (901) 324-4009
Address: 3173 Poplar Avenue, Memphis, TN. 38111
Website: https://www.memphiscashforgold.com/
3. Southern Pawn & Jewelry
Southern Pawn & Jewelry is a local pawn shop that offers collateral-based loans with easy terms and lower consequences.
The loan specialists have many years of industry expertise in the diamond and precious metal trade. This enables them to provide higher cash loans on previously owned products.
Apart from offering these loans, the store also buys gold, diamonds, and jewelry for cash. The shop pays more than competitors, making it an ideal option for those looking to sell their items.
The employees here pride themselves on exceptional customer service, a clean environment, and various products to meet customer needs.
The shop has engaged team members who are always ready to help customers with shopping or loaning needs.
Furthermore, the store allows customers to build up credit when they pay on time and redeem their loans, which helps them loan more money in the future.
Overall, Southern Pawn & Jewelry is a reliable option for those needing a stress-free loan or looking to sell their gold and silver.
Phone Number: (901) 362-7296
Address: 4651 Knight Arnold Rd, Memphis, Tennessee 38118
Website: https://www.southernpawn.jewelry/
4. Accent Jewelers & Loans
Accent Jewelers & Loans is yet another reputable shop that offers cash for jewelry, sterling silver, gold, and silver coins that serves the greater Memphis area.
The store was created 34 years ago, in 1989. This was because it was difficult to find a reputable place in the city to sell jewelry and precious metals then.
They have since amassed a certified team with the most credentialed staff in the area. The shop also provides cash loans using jewelry, coins, and sterling silver as collateral with no background checks.
The jewelry is returned to the customer when the loan is paid off. Evaluations on items are offered on items they aim to purchase with no charge, and no appointment is needed.
They buy more jewelry, coins, gold, silver, and platinum than all other Memphis buyers. The shop also is known for being the best-equipped gemology laboratory in the entire region.
Another main focus is training and continuing education to remain well-versed in current trends and practices.
This helps the employees create an atmosphere of honesty, integrity, and transparency, as seen in their offers.
Phone Number: (901) 682-8036
Address: 5050 Poplar Avenue Suite #127, Memphis, TN 38157
Website: https://www.accentjewelers.com/
5. Golden Jewelers
Golden Jewelers is a premium jewelry store in Memphis that has served the local area for the past decade. As you would expect from a jewelry store, they specialize in various jewelry items.
Golden Jewelers also provides custom jewelry design services at an affordable price. They accept most payment methods and offer a flexible layaway program to cater to everyone’s needs.
The store prides itself on offering quality and authentic jewelry to its customers. On top of this, one of the main services that will undoubtedly interest you is that they buy precious metals from their customers.
This is done by offering customers competitive rates on the products they bring. This establishment has professionally trained staff that are experts in what they do.
Their craftsmen are highly skilled, while regular employees know the ins and outs of the industry. They are known for its excellent customer service and offers a wide range of jewelry items.
The store is highly recommended for those looking for genuine and affordable jewelry and looking for a quick sale on their gold and silver.
Phone Number: (901) 744-6633
Address: 2926 Lamar Avenue #105, Memphis, TN 38114
Website: https://golden-jewelers-memphis.business.site/
6. Advantage Pawn
Advantage Pawn provides instant cash loans to customers who bring in valuable items. Customers can repay the loan and reclaim their item or keep the money and surrender it.
An established business with over 28 years of experience pays top dollar for all items, including jewelry & gold. The store also sells various valuable items, including jewelry, musical instruments, and more.
The store has received 4.9 out of 5 stars from over 580 reviews on Google and is accredited by BBB with an A+ ranking. This shows that you can trust the store with your precious metals.
The store also offers several advantages over competitors, such as low service charges and a free customer loyalty points program.
Additionally, customers have up to three months without a pawn payment before they are in jeopardy of losing the item.
Phone Number: (901) 346-6829
Address: 1510 E. Shelby Dr. Memphis, TN 38116
Website: https://www.advantagepawntn.com/
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In Memphis, TN?
Gold charges change according to the spot price, but the same cannot be said for dealer charges which are all over the place in Memphis.
On average, you can expect around 10% dealer charges on most purchases, with lower rates on smaller pieces of bullion.
Q2: Are There Taxes On Purchasing Gold & Silver In Memphis, TN?
Being a part of Tennessee means that the people of Memphis will have to deal with a state-wide tax of 7%.
This is applied to all gold and silver sales with no exemptions. Additionally, local taxes can also cause this number to rise.
Q3: Can You Invest In A Gold IRA In Memphis, TN?
There are no restrictions when it comes to gold IRAs in the city of Memphis.
This means that you can easily invest in one and get the most out of your precious metals, diversify your assets, and expand your investment range strategically!
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
There are plenty of scammers out there that will try every trick in the book to get your precious metals and savings as quickly as possible.
With the help of this article, you should be able to figure out which dealers are trustworthy and which should be avoided.
This will help you in your journey to buy precious metals in Memphis and get the best deals possible for your gold and silver.
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.
