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Being a global center for all things cultural and financial, it is difficult to imagine New York City not having an abundance of anything. This shows that you can easily find many gold and precious metal dealers in the city.
While there may be a fair amount of them available, finding a good gold dealer was not always easy. When you look to buy gold and silver in New York City, it is important to find a dealer with a good reputation and a history of fair pricing and ethical practices.
You may find many dealers who are not upfront about their pricing or who have hidden fees. To find the right one you have to spend a lot of time and effort researching different dealers.
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 go over a plethora of different precious metal dealers and the services that they provide. I will also talk about their history so you can see that they are trustworthy. If you do not want to put in the work and effort to locate the perfect dealer, then allow me to be your guide.
Where To Purchase Gold & Silver In New York City, NY
When looking for a gold dealer, it is important to consider a few key qualities. Firstly, you should look for a dealer with a good reputation and a great history with its customers. This is often reflected in its ratings and remarks.
A good precious metal dealer will have at least a 4-star rating with many reviews; otherwise, they can be misleading. You must ensure they offer fair, competitive, and transparent prices.
Along with the qualities mentioned above, association with professional organizations such as the BBB is also a green flag. Here are a few such companies that exhibit most of these qualities.
1. Stack’s Bowers
Established in 1933, Stack’s Bowers have significantly expanded their operations since their beginning. They are currently operating in 6 different states and have stretched outside of the United States. I will be taking a look at their New York branch. The company specializes in auctions of rare coins and currency. This includes coins made inside and outside of the United States.
The people working in this branch are dedicated to fulfilling all customers’ buying and selling needs. They have placed record-breaking prices over the years and give fair costs to those selling to them. Among their services, you can deal in internet auctions and retail. You can even buy wholesale and look into numismatic expertise. All of this is handled by a talented list of employees. If you have a good coin collection, you should consider checking out this store first.
Phone Number: (212) 582-2580
Address: 470 Park Avenue, New York, NY 10022
2. Manhattan Coin Shop
If you are in the market to sell your precious metal coins and want to get paid at full price, the Manhattan Coin Shop is perfect for you. Depending on your product’s condition, they will ensure that you are paid exactly what you should be. They house a large stock of coins and offer competitive prices for all of them.
If you visit them on a particular day and do not like their stock, you might want to re- visit on another date. This is because they daily change their stock. Also there is an option to see their stock without giving them a visit, you can simply call them and ask for their stock. Aside from coins, they also deal in gold bars and PAMP Suisse. You can expect a very good product regardless of what you choose to buy. You can easily expect a high cash payout for your coins if selling.
Phone Number: (212) 944-1025
Address: 30 W 47th St Suite #816, New York, NY 10036
3. Bullion Exchanges
Gold, Silver, Platinum, and Palladium are the main metals you can look into when browsing the inventory at Bullion Exchanges. This business will ensure that you get a fair price when buying or selling. This is done mostly through live sports prices. They offer secure shopping both in an online setting and in their store.
They offer delivery on top of the staggering customer service and a multitude of reward programs that you can look into. Additional services include IRAs, which I will discuss later in the article. Overall, the company offers many services and features you need to check out as soon as possible.
Phone Number: (800) 852-6884
Address: 30 W 47th St Store 1, New York, NY 10036
4. Global Gold & Silver
Boasting 4 different locations in a variety of different states, you no doubt have heard of Global Gold & Silver. This business starts strong with its A+ rating from the Better Business Bureau. Along with this, they are also members of the ANA, AGTA, and NAJA. Being a member of these associations makes them an inherent company to trust with your investments.
The business was established in 2008 and has been the go-to source for valuable precious metal products for many customers. They have amassed a team with more than 60 years of combined experience. Prioritizing honest and trustworthy information via their services, they will do their best to ensure an accurate assessment of your product. This plays well as they are primarily a gold and silver buying company, and by putting this much effort into your product, you can figure out accurate prices that you should expect.
Phone Number: (212) 302-4653
Address: 7 West 45th St, Suite #1200, New York, NY 10036
5. Bullion Trading LLC
Bullion Trading LLC is a family-owned and operated business that has been running for over 30 years. The business has been passed down through the generations to ensure that the ideals and dreams of the company remain alive. They understand that plenty of dealers are just in it for the money. For this reason, they advertise quality services.
These services include many premiums, which you can easily check on their website. Doing so will also get you straight into the huge variety of products they keep a regular stock of. If you are not in the market to buy, you will be happy to know that they also buy products and engage in trade. This makes them a solid choice to consider regardless of the product you have. You can get the most from this company by visiting them personally.
Phone Number: (646) 362-3536
Address: 20 West 47th Street, Lower Level #24 New York, NY 10036
6. Brigandi Coins & Collectibles
In the market for high-quality bullion or just to browse some precious coins? If you want them in Gold, Silver, or Platinum, Brigandi Coins & Collectibles is another great place that should be on your radar. This company was established in 1969 and has become a well-established, high-quality precious metal dealer in New York City.
This business is family owned and operated and has been passed down to over 3 generations. Over the years, they have gained a huge reputation for themselves, which is why they are easily recognized by dealers and collectors worldwide. If you want to buy precious metals for investment purposes or buy a product as a gift, you can get all these services from this business.
Phone Number: (212) 869-5350
Address: 104 E 57th St, New York, NY 10022
7. AGR Gold
The people at AGR understand that many clients need to store precious metals and a respectable dealer to either buy or sell them. The company buys, sells, and stores gold and other precious metals. Products available in the shop span from bars to coins. You can check out all of their products from their website; however, checking them out personally is a much better approach.
You can also look into the pool accounts that the business offers. This is done so for a variety of different metals, including gold, silver, and platinum. You can invest in precious metals for a significantly lower cost.
Phone Number: (844) 440-4653
Address: 31 W 47th St, Suite 504, New York, NY 10036
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In New York City, NY?
As the name suggests, dealer charges depend heavily on the dealer itself. Some dealers will take a fraction of the amount of the gold, while others will ask for a fixed amount.
In general terms, you can expect the dealers to charge 5% on purchases with more expensive ones, with premium gold going as far as 15%. Other times, you might be asked to give $100 or $130 above the spot price when buying coins and bars, respectively. Make sure that the dealer you choose is transparent in their dealer charges.
Q2: Are There Taxes On Purchasing Gold & Silver In New York City, NY?
If you were hoping to pay dealer prices, you are due for the bad news. The state of New York has a sales tax of 4%. This tax is statewide, meaning all cities in the state, which include New York City, are subject to this tax.
On top of this, you might also have to pay additional sales tax depending on your local dealer. You might have to give sales tax as high as 9%. Make sure you take this into account purchasing your precious metals.
Q3: Can You Invest In A Gold IRA In New York City, NY?
The short and simple answer is yes; you can easily invest in a gold IRA in the city of New York. IRA Services, especially gold IRAs, offer a great way to diversify your assets, thereby giving you a nice boost to your retirement portfolio.
The amount of tax advantages and economic protection the service provides makes it very appealing. On top of this, you have the potential for long-term growth, which will undoubtedly increase your retirement savings in the long run.
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.
With this list of reputable companies listed above, finding a good precious metal buyer and seller in New York should be fairly simple. Make sure that no matter who you choose, they have your best interest and are transparent in their dealings and prices.
No one wants to take a loss when it comes to their retirement savings which is why you must take care of the companies you deal with.