Investing in precious metals can be a smart financial move, and if you’re in Seattle, you’re in luck – there are plenty of great places to purchase precious metals in the city.
You have various options, from trusted local coin shops to retailers that have been around for decades.
I’ll look at the best places to buy gold and silver in Seattle, so you can find the perfect investment for your needs.
Whether you’re a seasoned investor looking to add to your portfolio or a beginner starting, this guide has something for you.
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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So, if you’re ready to add some shine to your investment portfolio, read on to discover the best places in Seattle.
Where To Purchase Gold & Silver In Seattle, WA
As I mentioned in the introduction, Seattle offers a variety of options for buying and selling precious metals, and in this section, I’ll discuss these companies in more detail.
Make sure you read about them till the end so you can choose accordingly.
1. Northgate Rare Coins & Precious Metals
Based in Seattle, Northgate Rare Coins & Precious Metals is a family-owned business serving the community for over 60 years.
The shop specializes in a wide range of precious metals, including gold, silver, and other precious metals, rare coins, foreign money, and jewelry.
They are committed to provide honest and fair service to each customer, focusing on achieving 100% satisfaction with every transaction.
In addition to in-store sales, the shop also offers appraisals and they are authorized by many authorities which makes them a trustworthy choice for trading precious metals in Seattle.
Phone Number: (206) 364-0090
Address: 11319 Pinehurst Way NE, Seattle, WA 98125
Website: https://northgatecoin.com/
2. Pacific Iron & Metal
Established in Seattle over 100 years ago, Pacific Iron & Metal is also a family-operated business with a long history in the scrap metal recycling industry.
The company has a reputation for integrity and is deeply invested in its local community, which means it can be relied on to deal professionally.
This brand runs one of the biggest non-ferrous processing facilities in the Pacific Northwest and has local and international customers.
With a team of experienced and talented employees, the company is known for providing excellent service and competitive prices to its customers.
Whether you’re looking for gold, silver, or other precious metals in Seattle, Pacific Iron & Metal is a reliable and trustworthy choice.
Phone Number: (206) 628-6232
Address: 2230 4th Avenue, South Seattle, WA 98134
Website: https://www.paciron.com/
3. Olympic Jewelry
Olympic Jewelry is a well-respected jeweler in Seattle known for its exceptional customer experience.
In addition to a wide range of fine jewelry, the company specializes in dealing gold and silver and offers a range of services related to these precious metals, including appraisals, consignment, and custom design.
The team comprises certified experts in precious metals, diamonds, gemstones, luxury watches, and more. It has a long history of staying up to date on the latest trends and techniques in the industry.
Olympic Jewelry can be trusted if you are looking for an expert advice on your precious metal collection.
Phone Number: (206) 623-4544
Address: 3510 Fremont Pl N, Seattle, WA 98103
Website: https://olympicjewelryseattle.com/
4. Pawn Kings
Pawn Kings is a privately-owned pawn shop in the Seattle area founded in 2018 by Demetri Marinakis, a seasoned industry veteran with over 25 years of experience in the pawn industry.
The company has quickly become one of the region’s highest-rated and most regarded pawn shops, offering a wide range of financial solutions and services to meet the needs of its customers.
Pawn Kings is known for its integrity, stability, and commitment to excellence in service, and it takes pride in treating its customers with respect and care.
Whether you are looking to borrow money using your gold or silver as collateral or are interested in selling these precious metals outright, this company can certainly be counted on.
Phone Number: (206) 923-8147
Address: 14032 Aurora Ave N, Seattle, WA 98133
Website: https://pawnkingsusa.com/
5. Seattle Coin Shop
The Seattle Coin Shop is a well-respected dealer of gold, silver, and other precious metals in the Seattle area, with a long history dating back to 1943.
Currently located in northeast Seattle, the shop is owned and operated by John Drummey, a professional numismatist.
He is also authorized by the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS). The Seattle Coin Shop is known for its honesty, reliability, and competitive prices.
Whether you want to buy or sell your precious metals, this shop is a trustworthy and professional choice. You will certainly not be disappointed with how you are treated here.
Phone Number: (206) 448-2646
Address: 7509 35th Ave NE, Seattle, WA 98115
Website: http://seattlecoinshop.com/
6. Seattle Gold
Seattle Gold is a family-operated business with a long-standing commitment to providing unmatched customer service.
They offer various services related to buying and selling gold, including the Best Price Guarantee and cash-on-spot payments.
They also provide accurate testing and free estimates to help clients make informed decisions about their gold transactions.
Moreover, Seattle Gold prioritizes convenience, privacy, and transparency in all transactions.
They have a no haggle policy, ensuring a straightforward and stress-free process for their clients. They also regularly update their gold prices to ensure their clients get the best value.
Lastly, the company has also earned a strong reputation in the industry for its dedication and commitment to high standards.
Phone Number: (206) 517-4653
Address: 6317 Roosevelt Way NE, Seattle, WA 98115
Website: https://seattlegold.com/
7. Gold and Silver Traders
Gold and Silver Traders is a highly-rated vendor for dealing in gold and silver in the city.
Although there is not much information available about the business, the reviews of their services speak for themselves.
Customers rave about the simplicity, honesty, and speed of their transactions, as well as the friendly and fair treatment they receive from the couple who runs the business.
Gold and Silver Traders has earned a reputation for providing excellent customer service and fair pricing and is recommended as a go-to destination for gold and silver transactions.
Despite its somewhat unusual storefront, the business has a welcoming atmosphere and is said to treat clients like family.
If you want to sell your precious metals in Seattle, this one is a top choice based on its excellent reviews.
Phone Number: (206) 623-5521
Address: 622 South Jackson St, Seattle, WA 98104
Website: https://gold-and-silver-traders.business.site/
8. Market Coins & Collectibles
Market Coins & Collectibles is a vendor that has been in business for more than 50 years, specializing in rare coins.
Customers have described the shop as having a decent assortment of reasonably priced coins, with deals on certain coins, such as Franklin half-dollars, peace dollars, and Morgan dollars. The shop owner is reportedly very nice and knowledgeable about the coin industry.
Based on customer reviews, the shop offers fair and honest prices and is a reliable place to find and purchase coins.
In addition to offering a wide selection of rare coins, Market Coins & Collectibles also focus on customer satisfaction.
Most buyers were happy and content with their visit, which is rarely seen with jewelers nowadays.
Phone Number: (206) 624-9681
Address: 1542, 1501 Pike Place # 422, Seattle, WA 98101
Website: https://market-coins-collectibles.business.site/
9. Coin and Stamp Shop
Coin and Stamp Shop is a trusted destination for those looking to buy or sell coins and stamps in the heart of Seattle.
Located within the Washington State Convention Center, this shop is easily accessible for both locals and visitors to the city.
The experienced owner, who has been in the industry for over 50 years, can provide expert advice and guidance to customers looking to make informed purchases.
Furthermore, the shop’s friendly and helpful staff ensures that every customer has a positive and enjoyable shopping experience.
It doesn’t matter if you are a seasoned collector or just starting out, Coin and Stamp Shop is an excellent choice for finding high-quality coins and stamps at fair prices.
Phone Number: (206) 624-1400
Address: Washington Numismatic Gallery Inc, 725 Pike St #6, Seattle, WA 98101
Website: https://www.vendio.com/stores/coinstamp/
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In Seattle, WA?
Gold dealers in Seattle typically charge a commission of 2-5% for buying or selling gold.
This fee is based on the value of the gold being traded and helps cover the dealer’s costs and make a profit. The number may be lesser or greater, depending on which dealer you are going to.
Make sure to choose one that takes as less commission as possible. This will allow you to get the best price. These savings also ensure maximum profit whenever selling in the future.
Q2: Are There Taxes On Purchasing Gold & Silver In Seattle, WA?
Washington state law exempts precious metals such as bullion from taxation under the WAC 458-20-248 code.
This means that gold and silver coins that are used or can be used as currency, like US Eagles, are not subject to tax when purchased in the state.
However, this exemption does not include numismatic coins and other precious metals and can be taxed. The tax is 6.5% for the state of Washington and 3% for Seattle, which brings the total to 9.5%.
Q3: Can You Invest In A Gold IRA In Seattle, WA?
It is possible to invest in a gold IRA, or Individual Retirement Account, in Seattle by working with a custodian or trustee approved by the Internal Revenue Service (IRS) to hold precious metals in an IRA.
Consult a financial advisor or gold dealer for assistance in setting up and managing the account. Be sure to research the risks and benefits before making a decision. In general, getting a gold IRA is a fantastic decision.
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
With a wide range of reputable dealers and shops offering various services, Seattle is a great place for precious metals.
Whether you’re looking to invest in a gold IRA, trade your coins, or buy a special piece of bullion, there are options to suit your needs.
When choosing a dealer or shop, it’s important to consider factors such as reputation, pricing, and the range of products and services offered.
With careful research and due diligence already done for you, you can choose any one vendor from the above list, and rest assured that your experience will be memorable.
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.
