The world of precious metals is one of timeless elegance and unshakable value.
Gold and silver, in particular, have captured the imagination of investors for generations, offering a hedge against economic uncertainty and a chance to secure one’s financial future.
Philadelphia has a rich history of precious metal trading and is home to numerous reputable dealers who offer a wide range of investment options.
If you are looking to buy gold and silver in Philadelphia, this article will sum up the best dealers there are in the city nicely and concisely.
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!
So, let’s dive in and learn more about buying precious metals in this city so you don’t have to risk it with dealers you know nothing about.
Where To Purchase Gold & Silver In Philadelphia, PA
In this section, I will highlight the best places for trading gold and silver, providing you with the knowledge and resources you need to make informed decisions about your investment.
1. 8th Street Gold & Diamond Buyers LLC
8th Street Gold & Diamond Buyers LLC is one of the top-rated dealers in Philadelphia, known for providing its customers with the best rates in the market.
With a reputation for offering fair and competitive pricing, it has become a go-to destination for those looking to buy or sell precious metals in the city.
Buying or selling with 8th Street Gold & Diamond Buyers LLC is straightforward. They offer free estimates and instant cash, making it easy for you to get the most for your gold and silver.
Moreover, they are available even on Sundays, so you can always find a convenient time to visit them, no matter how busy your schedule is. That is rarely seen in the numismatic industry and is a service to be appreciated.
Phone Number: (215) 238-6570
Address: 109 S 8th St, Philadelphia, PA 19106
Website: http://www.8thstreetbuyers.com/
2. South Street Coins
In Philadelphia, South Street Coins is a one-stop shop for all your precious metal needs.
Despite their name, they are more than just a coin dealer; they also specialize in gold and silver bullion, making them a versatile and reliable choice for any investor.
Whether you’re looking to buy, sell, or have your assets appraised, South Street Coins has you covered.
According to the vendor, it is the largest coin seller in the city, offering a vast selection of gold and silver coins and bullion products. So, if you’re in the market for precious metals in Philadelphia doesn’t let the name fool you.
This vendor is a trusted and reliable choice for buying, selling, and appraisal needs. Their vast selection of products, competitive pricing, and accurate evaluations make it easy to get the most out of your investment.
Phone Number: (215) 413-3900
Address: 619 South St, Philadelphia, PA 19147
Website: https://www.southstreetcoins.com/
3. Sansom Street Metals
Sansom Street Metals is a well-established wholesale jewelry dealer with over 20 years of experience in the precious metal market in Philadelphia.
They have earned a reputation as one of the best dealers in the city, offering high-quality products and exceptional customer service.
Whether you’re looking to buy wholesale jewelry or sell your scrap metal, this business is a reliable choice.
One of the unique aspects of Sansom Street Metals is their expertise and willingness to help customers find exactly what they’re looking for.
They understand the value of a personal touch and are dedicated to helping you find the perfect piece for your collection or investment portfolio.
And with their extensive knowledge and experience in the market, you can be sure that you’re making a smart investment decision, even in the long run.
Phone Number: (215) 629-0799
Address: 730 Sansom St, Philadelphia, PA 19106
Website: https://www.sansomstreetmetals.com/
4. J P Coins-Currency-Cards
If you do a research on Philadelphia precious metal market you will find that J P Coins-Currency-Cards is a hidden gem.
Despite its lacking website, the glowing reviews from customers paint a clear picture of the quality of service and products offered by this dealer. With an exceptional collection of coins, they are a must-visit for collectors and investors alike.
The owner of J P Coins-Currency-Cards is known for treating customers like family. They offer a warm, welcoming atmosphere, making first-time visitors feel at home.
The owner is also extremely knowledgeable, providing customers with invaluable insights and advice on their purchases.
There is almost a proper guarantee that you won’t come out empty-handed! Whether you’re looking to buy, sell, or simply admire an impressive collection of coins, this company is a perfect choice.
Phone Number: (215) 331-0861
Address: 7102 Torresdale Ave, Philadelphia, PA 19135
Website: https://j-p-coins-currency-cards.business.site/
5. Sunshine Jewelry
Since 1999, Sunshine Jewelry has been a shining star in Philadelphia when it comes to look for a dealer in precious metal market.
With over two decades of experience, this merchant has established a reputation for quality and reliability. It adds an extra layer of character and personality to the already inviting store.
What sets them apart is their interesting backstory, which is outlined on their website. Sunshine Jewelry is not your typical all-precious metal store. They have a wide range of products, but they are mostly gold.
Lastly, their knowledgeable staff is always available to help guide you through the purchasing process, ensuring that you make an informed decision.
Phone Number: (215) 271-2950
Address: 702 Washington Ave, Philadelphia, PA 19147
Website: https://sunshinejewelryinc.com/
6. Kensington Gold & Silver Exchange
Kensington Gold & Silver Exchange is a true veteran of the precious metal market, having been in business for over 40 years.
Despite being a pawnshop, they offer some of the best rates in the city for investing in gold, silver, and other precious metals.
Their longevity and expertise in the market have allowed them to accumulate a stunning collection of rare and collectible coins.
In 2018, Kensington Gold & Silver Exchange was ranked as the number one pawnshop in the city, a testament to its quality and reputation.
You will not be disappointed after you visit the shop. If you’re looking for a safe and reliable place to buy or sell gold and silver, you should definitely visit them.
Phone Number: (215) 425-4955
Address: 1802 E Allegheny Ave, Philadelphia, PA 19134
Website: https://www.phillypawnbroker.com/
7. Robert Lance Jewelers
With a wide range of dealers, from wholesalers to pawnshops, everyone can find what they need in Philadelphia.
Robert Lance Jewelers is one such option. It is owned by Robert Lance, who has over three decades of experience and is a graduate of the Gemological Institute of America.
Whether you are looking to deal in gold and silver or to have a custom piece made, Robert Lance Jewelers is a great place to start.
With their commitment to excellence and dedication to their craft, you can rest assured that you will receive the highest quality of service.
You will be more than content with the quality of service you will receive at this shop.
Phone Number: (215) 629-1338
Address: 803 Sansom St, Philadelphia, PA 19107
Website: https://robertlancejewelers.net/
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In Philadelphia, PA?
The amount that gold dealers charge in Philadelphia can vary greatly depending on the dealer and the current market conditions. On average, dealers charge a percentage of the total value of the gold being sold or purchased.
The number can vary, but one can expect to pay $75- $95 more per ounce. Researching and comparing rates from multiple dealers is important to ensure you are getting the best deal possible.
Q2: Are There Taxes On Purchasing Gold & Silver In Philadelphia, PA?
Yes, there are taxes on purchasing precious metals in Philadelphia. The tax rate is 8%, of which 6% is for the state.
This number is applied to the total value of the purchase. This means that the more expensive the purchase, the higher the tax.
It is important to factor in these taxes when considering the overall cost of a purchase to ensure you have an accurate understanding of the total cost. This may very well affect your returns, so choose wisely.
Q3: Can You Invest In A Gold IRA In Philadelphia, PA?
Investing in a gold IRA in Philadelphia is a wise financial decision. The city is home to many reputable IRA providers offering various gold and precious metals investment options.
In Philadelphia, you can expect competitive pricing and a wide variety of investment options, making it an excellent place to start your journey toward a secure financial future.
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
The city of Philadelphia is a melting pot of culture and diversity, and it’s no different when it comes to precious metals.
With many options ranging from wholesale dealers to specialized shops, you’re sure to find the perfect place to invest in precious metals.
Whether you’re a seasoned collector or just starting, there’s a gold and silver dealer in Philadelphia that’s right for you.
So why wait? Start exploring your options today and discover the many benefits of investing in metals in Philadelphia.
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.
