New Orleans, the birthplace of jazz, is an amazing city and quite different too. From a lively crowd to a blend of many cultures, it has become unique and outstanding.
People have been living and earning here for centuries, and you can also make some money by investing in precious metals.
It is not the only way to diversify your portfolio, but if you buy gold and silver in New Orleans, you will see a return on your investments rather quickly.
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!
The city of New Orleans is a hidden gem when choosing it for purchasing gold. Some of the best dealers are present here, which will elevate your precious metal dealing experience. This article will talk about them with you.
Where To Purchase Gold & Silver In New Orleans, LA
Yes, the introduction is indeed true. Although New Orleans has no gold by itself, this still did not stop some reliable shops from opening here. This section will list some, which have proven to top them all.
1. New Orleans Silver and Gold
Your best bet is a dedicated gold dealer when selling and purchasing precious metals. Fortunately for you, New Orleans Gold and Silver is exactly that.
It has served the city for over a decade and provided an excellent experience to its clients. Let’s take a look at what they have to offer. When buying from the shop, you will have a hard time deciding.
With that said, no matter what you choose, it won’t be a wrong decision with increasing gold prices.
If you want to use this increase and turn it into a payday, then New Orleans Silver and Gold will happily provide you with a fair market value.
Their appraisals are free too, so you don’t need to worry about spending something to learn about the true value of your precious metals.
Phone Number: (504) 858-4653
Address: 935 Gravier St., Suite 1020, New Orleans, LA 70112
Website: http://neworleanssilverandgold.com/
2. Blanchard and Company
If you are interested in buying from a company with strong roots, it would be difficult to top Blanchard and Company. Since 1975, this family-owned business has been developing a huge network of clients.
The number is 600,000, and the total transaction value of the company is over $1 billion. That makes them more than experienced enough to handle your business.
Unlike other companies, Blanchard and Company works online. They also partner with Gold Star Trust Company, allowing you to store your purchased gold in a self-directed IRA.
If you want to sell, you can do so, but with graded coins only. You will be given a quote within 48 hours and can ship them to the company. It is a perfect choice if you want to go all in with investing in precious metals.
Phone Number: (800) 880-4653
Address: 909 Poydras Street, Suite #1900, New Orleans, LA 70112
Website: https://www.blanchardgold.com/
3. The Quarter Smith
The Quarter Smith is another alternative that deals in bullion. It has been in business since 1978 and mainly focuses on buying precious metals.
According to the company’s website, the shop has had many repeat customers. But that is not reflected in the Google reviews section.
This probably means that they are new to the online world, and most of their older clients may not be aware of a platform to review them.
So, what is it exactly that The Quarter Smith deals in? Well, it can be a single gold ring, coin, or a large quantity of stuff such as sterling silver items, estate jewelry, and more.
You can also get your jewelry repaired here, making it a one-stop shop for your bullion and jewelry needs. Their rates are pretty competitive too, which is a huge bonus.
Phone Number: (504) 524-9731
Address: 519 St Louis St, New Orleans, LA 70130
Website: https://www.quartersmith.com/
4. Wellington & Co Fine Jewelry
Coming in fourth place is a jeweler that might surprise you. Not much is known about its background, but Wellington & Co Fine Jewelry’s accomplishments are more than enough for me to recommend it.
It is recognized by the top jewelry associations, which is a feat not every shop can achieve. So, I wouldn’t recommend this shop because it sells jewelry, right?
Apart from its stunning collection, which you can utilize in the future, Wellington & Co buys from you too. This service is not limited to jewelry, of course.
They don’t care about the condition and will immediately pay you. You can take cash home or trade your precious metal item for something else at the shop.
They also offer free evaluations, which is something to appreciate. Your experience will be more than satisfactory if you visit this jeweler.
Phone Number: (504) 525-4855
Address: 505 Royal St, New Orleans, LA 70130
Website: https://store.wcjewelry.com/
5. Friend & Company Fine Jewelers
I always aim to add a few jewelers to my list of dealers because they have massive experience. They know the market thoroughly, allowing them to offer their clients competitive rates.
One example of that is Friend & Company Fine Jewelers. Although all of its services are not tailored for investors, there are some that you can surely utilize.
The shop offers appraisals to anyone. They are not free and cost a maximum of $100, with $60 for other pieces. This is a small price to estimate what your gold, silver, or other precious metal items are worth.
If you want to sell your gold, then Friend & Company Fine Jewelers will help you. You will be given a fair rate according to the current spot price.
Phone Number: (504) 866-5433
Address: 7713 Maple St, New Orleans, LA 70118
Website: https://friendandcompany.com/
6. Bullion & Collectibles Exchange
Coming in sixth and final place is a shop I thought deserved a chance on this list. You will be met with no reviews if you search Bullion & Collectibles Exchange on Google right now.
But I did thorough research into it, and it is possibly a real contender, mainly because it is a subsidiary of Blanchard & Company!
The parent company has been in the market for over 40 years and is BBB accredited, with an A+ rating.
The dealers’ main goal is to make your investments as profitable as possible. They do this by choosing the best deals, thanks to their partnerships with various mints worldwide.
They deal online, but you can visit the address for more information. Bullion & Collectibles Exchange purchases gold and coins from you too.
Phone Number: (888) 242-5363
Address: 909 Poydras St, 19th Floor, New Orleans, LA 70112
Website: https://bacexchange.com/
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In New Orleans, LA?
Unfortunately, you also have to pay a gold charge in New Orleans. No matter how different it is from the rest of the country’s cities, the dealers have to make a living.
In this case, they will charge you around 2 to 7%. This percentage is applied over the spot price. The number may seem like a lot, but it is much better than in other cities.
Another thing to note is that the premiums for coins and bullion are different. So, before you make a purchase, you must be clear about what you must pay.
Q2: Are There Taxes On Purchasing Gold & Silver In New Orleans, LA?
When it comes to bullion and coins, strictly, there is no tax in the state. This is fantastic news for investors.
Apart from the low premiums charged by the dealers, you don’t have to give anything to the state for buying.
But this does not apply to everything. If precious metals are not in the form of coins, they will be taxed. The same law applies to paper money, tokens, and more.
The tax set by the state is 4%, and the county will add a few percentage points above that. But you should not have to pay for popular items, such as gold bars.
Q3: Can You Invest In A Gold IRA In New Orleans, LA?
If you don’t have the answer to this question yet, I am sure you didn’t read the article thoroughly.
A dealer on this list works with an IRA provider, which clearly means that you can invest in one in New Orleans.
From local to international chains, you have many options in the city. But the thing is, not all IRA dealers are equal.
Some charge a lot, while others are not transparent in their dealings. It’s up to you to conduct proper research, so putting gold into an IRA is profitable.
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
New Orleans may not have gold in its ground, but that doesn’t mean you cannot invest in it.
This article has listed several dealers why this is possible; all you need to do is choose. No matter your selection, you won’t regret your decision at all!
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.
