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Being the largest city in Minnesota, Minneapolis is mostly known for its amazing park system. Many people do not realize that the city is well-known for its variety of gold dealers and buyers.
Buying precious metals can be daunting for those new to the process. It is important to research and finds a reputable seller who offers a wide range of products and competitive prices.
To buy gold and silver in Minneapolis, you will need a lot of patience and due diligence. The price of gold and silver can fluctuate significantly, so it is important to pay close attention to market conditions.
But wait! Before reviewing all these precious metals firms, you should consider why you are investing in the first place.
Protecting and diversifying your assets are good causes, but doing so with the wrong company can lead to disastrous results. No one wants to miss out on huge returns, which is why Gold IRAs offer all this and much more.
Investing in gold can come with many risks that many people are simply not prepared for. Despite all of this, gold IRAs are a great option as they protect your assets. They remain a great choice for those who wish to diversify their retirement accounts.
If you do not know where to begin, you can start by reading my list of the best companies that allow you to invest in gold.
Or you can get a FREE Gold IRA Kit by visiting the company I recommend the most, guaranteeing the protection of your retirement savings.
In this article, I will do most of the heavy lifting and recommend a variety of good and reputable dealers for your convenience. This way, you can easily find a reputable dealer perfectly suited to your needs.
Where To Purchase Gold & Silver In Minneapolis, MN
When looking for a gold dealer, it is important to find one that is reputable, offers a wide range of products, has competitive prices, and has a history of satisfied customers.
It is important to research the company’s history and read customer reviews to understand its service quality. All of these qualities will be highlighted in the companies and businesses below. Along with them, I will also try to talk about the dealer’s transparency and how qualified they are.
1. Premium Quality Coin
The Premium Quality Coin people know how to help you understand everything about buying and selling gold. They will show you what a proper and successful transaction feels like, providing you with a proper array of products. They make you feel comfortable with your decision, whether to buy, sell or save. They have been serving the city of Minneapolis since 1985.
Since their establishment, they have provided the high-quality service you expect from a trusted adviser. You can find all manner of different metals in their list of products, from silver to gold. They also deal in proof sets and certified precious metals on top of their base stock, which gives them an edge in a local competition. If you are interested in these items, visiting them as soon as possible might be beneficial.
Phone Number: (612) 371-4739
Address: 250 Second Av S #280, Mpls MN 55401
2. maX It PAWN
The EZPawn brand started in 1974 and is not in charge of over 500 stores. One of these stores is maX It PAWN. The people at this store are committed to their work. They will work alongside you to provide the utmost best when it comes to customer service and respect. Whether you are looking for a pawn loan or want cash on the spot, you can get it all from this store. You can enjoy quality goods and services from the store, whether precious metals or any used or pre-owned items.
They also offer a good list of product protection programs for jewelry and other gold-related items. If you are afraid of the products you purchase, you can easily get one of these programs that offer great protection and puts your mind at rest. This makes them a great place to sell coins and other collectibles and is a huge reason they should be at the top of your list.
Phone Number: (612) 206-3010
Address: 815 Cedar Avenue, Minneapolis, MN 55404
3. Continental Diamond
If you want to ensure that your requirements and conditions are fulfilled, then there is no better place than Continental Diamond. This is on top of providing a fun and stress-free experience regarding in-person shopping. As you can assume, they are primarily involved in diamonds, but you can also purchase precious metals in the form of jewelry and even repair your watches.
The shop was established in 1982 and claimed to carry the city’s largest selection of jewelry and diamond-related products. This is a great place if you want to look at various products. On top of this, you will be happy to know that the business is family owned and operated, so you do not have to deal with some big corporations. It also means that they will base their values on trust and customer satisfaction.
Phone Number: (612) 824-4445
Address: 1600 Utica Avenue South, Suite 130, Minneapolis, MN 55416
4. Wixon Jewelers
Established in 1988, Wixon Jewelers is a family-owned and operated store that, as you can easily guess, deals in jewelry. This can be a great way to get your hands on some quality gold and silver in the form of jewelry. On top of selling jewelry-related products, they have a lineup of gemologists, appraisers, and estate buyers.
This is all in combination with their amazing sales team that will provide you with the best of the best products to diversify their assets and broaden your portfolio. They have had a substantial growth over the years, which indicate their success. If that is not enough, they also have a perfect 5 out of 5 stars on Yelp, which shows their credibility and success. Give this shop a try if you want to get quality gold and silver metals in the form of jewelry.
Phone Number: (952) 881-8862
Address: 9955 Lyndale Ave S Minneapolis, MN 55420
5. Uptown Pawn
Licensed and bonded with the city of Minneapolis since 2002, Uptown Pawn is the go-to place for cash loans and selling your precious metals. They also claim to pay the most in gold, placing this shop at the top of your list. Regardless of your price, this family-owned and operated pawn shop will work hard to get your business, offering top dollar for anything you may want to sell.
You can easily walk into the shop and get in touch with the owner. He has over 25 years of experience in buying and selling both gold and diamonds. On top of having GIA & EGL reports and certificates, he is proficient in the knowledge of the precious metal and diamond market. This alone brings a huge asset into the shop, which is worth looking into. They remain close and personal with their customers, so if you want dedicated support when selling your gold, this is the place to visit.
Phone Number: (612) 823-3001
Address: 301 W Lake St Minneapolis, MN 55408
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In Minneapolis, MN?
The first thing to note is that the prices will also vary depending on the form of gold you are buying, such as coins, bars, or rounds. This means that the spot price for specific pieces of gold will be different.
On top of this, there are dealer charges that can extend anywhere between 2% and 5% but can go as high as 18%. On smaller pieces of gold, this can be on the lower side and vice versa.
Q2: Are There Taxes On Purchasing Gold & Silver In Minneapolis, MN?
In the United States, taxes on the purchase of gold and silver are determined on a per-state basis. In the state of Minnesota, there is generally a state-wide sales tax on the purchase of precious metals such as gold and silver. This sits at around 6.875%.
It is also important to note that Minneapolis is located within various counties and has a lot of local municipalities. All of these can charge a sales tax on the purchase of precious metals. It is good to be up to date on tax laws and regulations.
Q3: Can You Invest In A Gold IRA In Minneapolis, MN?
As is the case in most states, it is possible to invest in a gold IRA in Minneapolis. To set up a gold IRA in Minneapolis, you will need to find a reputable custodian that is registered with the IRS. It must be authorized to hold precious metals in an IRA.
You can consult the businesses above to see if they offer IRA services. Ensure to note the rules and regulations that you need to follow when investing in a gold IRA, such as limits on the types and amounts of precious metals that can be held in the account.
Everyone wants to find the Perfect Gold IRA Company. Doing so will provide you with various tax benefits and give you much more control over your holdings, with only a small increase to the fees as a downside.
If you cannot find a reliable gold IRA company, you should check out the ones I have researched and compiled into a list!
Or you can click the prompt below and get yourself a FREE Gold IRA Kit, simply by visiting the recommended company. This will ensure the diversification of your retirement savings.
The prices of gold and silver can fluctuate significantly. This is the main reason why it is important to pay close attention to market conditions and locate a proper dealer.
With the information listed above, it is easy to see that the city of Minneapolis has a huge array of precious metal dealers that offer a wide range of products, competitive prices, and a history of satisfied customers. Ensure that you carefully browse all of these companies so that you can find the best gold dealer for you.