Buy Gold & Silver In Salt Lake City, Utah
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Salt Lake City is the capital and most populous city of the Utah. It is a growing, diverse city with a strong economy and a high quality of life.
To buy gold and silver in Salt Lake City is a good idea due to the many reputable precious metals dealers in the area.
The city has many coin shops, bullion dealers, and pawn shops selling gold, silver, and other precious metals. Many online dealers also operate in the area, hence giving you a wide range of options.
The issue arises in which dealer you should choose for your investing needs. Finding a reputable dealer and paying attention to the market conditions when buying precious metals is extremely important.
Due to its major importance, I have listed a wide array of businesses and companies from which you can buy precious metals.
Important Notice! Before you continue onwards:
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!
I will discuss their services and give a background on their history.
Where To Purchase Gold & Silver In Salt Lake City, UT
The first thing you need to see is whether the dealer is licensed and complies with the rules and regulations of the state. This is a good way to root out scammers and people just after your money.
Additionally, you should look into their history and customer reactions to their services. On top of this, look into their policies, dealer charges, and guarantees. I will try my best to mention all of this in this section of the article.
1. Monarch Coin Corp
Being in the business since 1959 should give the people at Monarch Coin Group an edge over their competition. They are defined as a buyer and seller of rare US coins, currency, and precious metals, they also offer competitive prices on various products.
There is a loyal customer base established over the years, offering their products to people locally and across the country. The business itself has been family owned and operated since its establishment.
Currently, it is being worked by the 3rd generation. They are a certified Coin exchange and an authorized dealer under the NGC.
All of these are great signs for you to check out this company. You can view majority of their products by giving them a visit or by checking them out on eBay.
Phone Number: (801) 262-5874
Address: 211 East 3900 South, Salt Lake City, UT 84107
Website: https://monarchcoin.net/
2. All About Coins Inc.
Established by an extremely professional numismatic, one of the most highly rated in the country, Bob Campbell is the owner of All About Coins Inc.
He was the president of the American Numismatic Association (ANA) from 1999 to 2001. Knowing this information, you can expect that he knows everything about the coin business.
He has gone on to expand this business by providing an outstanding array of services. These include your typical services of buying and selling rare coins. You can do so for various metals, such as gold and silver.
They offer free verbal assessments and offers as well. This is on top of their transparent pricing in both buying and selling. If you are also looking for estate appraisals, the company has you covered, giving you top value for the service.
Phone Number: (801) 467-8636
Address: 1123 East 2100 South Salt Lake City, UT 84106
Website: https://allaboutcoins.com/
3. Cascade Refining Inc.
Regardless of the type of metal product you have, whether scrap or a perfect jewelry set, this shop will buy it for you on a great value.
In the precious metals business for more than 40 years, Cascade Refining Inc has been refining and purchasing all manner of precious metals for the last 40 years.
The business dated back to 1974 and was established due to the lack of reliable refineries. Knowing this, you can be sure that the business aims to be as reliable as possible. They remain informed and up to date on the latest prices and happenings.
Phone Number: (801) 972-5857
Address: 2490 South 3200 West, West Valley City, Utah 84119
Website: https://www.cascaderefining.com/
4. Pawn Brokers Exchange
The people at Pawn Brokers Exchange are dedicated to offering outstanding pawn services, treating each customer with promptness and attention to their needs.
They provide appraisals for gold, platinum, and silver on-site. This is on top of their services that allow buying and selling precious metals. Their store and business are based on honesty, integrity, and the commitment to ensure 100% customer satisfaction.
They understand the emotional significance of selling collectibles and heirlooms and will guide customers through the process to ensure they get the best prices.
They take their work seriously and are confident they can assist all customers. Typically, pawn shops are great for selling any precious metals you have, but here, you can get a good variety of products.
Phone Number: (801) 238-0111
Address: 158 S State St, Salt Lake City, UT 84111
Website: https://pawnbrokersexchange.com/
5. Crown Jewelers & Pawn
Easily one of the best pawn shops in the city, Crown Jewelers & Pawn has been operating since 1995. As the name suggests, they are mostly involved in buying precious metals and other products.
They aim to provide the highest quality products to their customers. On top of this, they strongly focus on integrity and the value of their service.
They believe that the customer is the most important part of the business, which is why you can expect a great deal of commitment on their part.
If you are looking for a great place to buy precious metal products, this may not be the go-to place. If you want to sell, you should check out the store in your free time.
Phone Number: (801) 467-1115
Address: 130 E 3300 S South Salt Lake, UT 84115
Website: https://www.pawnutah.com/
6. EzPawn
EzPawn started in 1974 in Austin, Texas, and has since expanded its project to various states.
In this article, I will discuss their Salt Lake City branch. You can expect the same services as you would from any other branch. They excel in providing a quality customer experience, boasting a friendly and passionate team of employees.
Moreover, they are well-versed in the community that they work in and offer a great deal of customer convenience. Being a pawn shop, you can get a great deal on any precious metal you choose to sell them.
You can also have a look at some precious metal products in their stock to get your hands on. To check out their wares, you should plan a visit to them as soon as possible.
Phone Number: (801) 417-5760
Address: 3105 West 3500 South, West Valley City UT 84119
Website: https://ezpawn.com/stores/ut/west-valley-city/3105-west-3500-south/
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In Salt Lake City, UT?
Dealer charges will typically scale to the price of the gold according to the product you plan on purchasing on top of its spot price. Rounds and coins typically have a dealer charge of 3 to 5%.
On the other hand, bars and other major products will have upwards of 10% dealer charges. On average, you should expect an estimated 7%.
For further information, you should ask this information directly the dealer that you are considering.
Q2: Are There Taxes On Purchasing Gold & Silver In Salt Lake City, UT?
Assuming that you are not under the pressure of local taxes, you will have to pay the state-wide sales tax of 4.7%. The state of Utah has set this amount across itself.
Since Salt Lake City is a part of the state, you will likely have to pay a minimum of 4.7% tax on your precious metal purchases. With the addition of local taxes, you can also see this rise to 9%.
However, if these precious metals like bars, gold, coins etc are used as legal tender in the country then there these are totally exempt from the tax.
Q3: Can You Invest In A Gold IRA In Salt Lake City, UT?
You can most definitely invest in a gold IRA in Salt Lake City. A gold IRA is a smart way to invest for your retirement.
It allows you to own physical gold, silver, and other precious metals. This can be a great way to diversify your savings and protect your money from inflation.
When the value of paper money goes down, gold usually goes up. This means that by owning gold in your retirement account, you can help to ensure that your savings will hold their value over time.
You also don’t have to pay taxes on the gains until you withdraw the money. This can help your savings to grow even faster.
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
In conclusion to this article, you will find that purchasing precious metals in this city is a worthwhile option. This is mostly due to reputable precious metals dealers in the area, many of which I have highlighted above.
It is important to research and compare prices and assess a dealer’s reputation, product selection, and storage and shipping methods.
With the research above, investors can find a good deal and invest in precious metals with peace of mind.
