Have you ever taken a closer look at the concept of gold? It’s metal but in a different color and with an aura that others simply cannot match.
These differences were enough for people to regard it so much that it is now considered a symbol of wealth and prosperity.
Since the last few decades, its popularity has exploded, and other metals such as silver and platinum have seen decent growth too.
If you are one of them looking to buy gold and silver in Indianapolis, you will love this article. I’ll try to list some of the best dealers in the town currently available.
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!
You will now be privy to information only a handful of investors know about. The city has some fantastic gold dealers, and this article lists the best of them.
Where To Purchase Gold & Silver In Indianapolis, IN
You might have searched the internet and found articles listing some of the dealers but with no real details about them. This one is different. You will know exactly why they were chosen to be here.
1. Midwest Jewelry and Coin Exchange
The prices of gold have skyrocketed in the past few years, with no signs of slowing down. Although most people have started buying it, some consider this an opportunity to cash out.
Midwest Jewelry and Coin Exchange is a brilliant dealer to visit then. This business has been serving Indianapolis since 1988 and satisfying customers ever since.
The dealer deals in all the major metals. It can be gold, silver, or even platinum and will be purchased at the best rates.
It claims to be the most experienced precious metal buyer in the city. Moreover, they will purchase rare coins as well. The staff has been trained to know of them and will answer your questions.
Phone Number: (317) 844-9596
Address: 1340 East 86th St Suite 52, Indianapolis, IN 46240
2. Indy Gold & Silver Buyers
Next is a dealer whose name clarifies everything about what it is doing. They have been in business for over 10 years and is known for purchasing gold, diamonds, and rare coins at a great rate.
When it comes to gold, the only requirement the shop has is that it should be able to verify its purity. If that is done, you will be offered on the spot.
The staff is nice and polite but slightly inconsistent with its timing. So, before you drive down to it, you should call them as a precaution.
Besides that, your experience will be pleasant, and you will be a part of the growing number of content clients.
Phone Number: (317) 986-6722
Address: 6053 E Washington St, Indianapolis, IN 46219
3. aJames Jewelry & Coin
The thing about investors is that they have different requirements. Some deal in bullion, while others venture into the vast world of jewelry and coins.
If you are one of them, then aJames Jewelry & Coin might be the dealer you are looking for. Unlike the others, this one was established in 2017. It is a new business, but the staff has gathered some satisfied clients.
As the name shows, the main things this business specializes in are coins and jewelry. They buy and sell from you in a way that you’ll get a high return.
You won’t be dissatisfied, even if you don’t make a deal with them. The staff is professional and honest.
Phone Number: (317) 280-7609
Address: 4302 e 62nd St, Indianapolis, IN 46220
4. Dock Brothers Jewelry & Loan Company
If you want more options than a simple buy or sell when dealing with your precious metals, then Dock Brother Jewelry & Loan Company is your best bet.
It claims to be Indiana’s oldest pawn shop and has been around for 75 years. It has been completely family-owned throughout this time, which means it has slowly matured into what people see and love today.
One incredible service that Dock Brothers is offering is rate matching. If you find a dealer that gives you a better rate for your gold than theirs, they will match it.
This alone should convince you that it is not a regular pawn shop. You can pawn it or sell it, but one thing is for certain: you will walk out with a lot of cash!
Phone Number: (317) 926-6006
Address: 2464 N Meridian St, Indianapolis, IN 46208
5. Michael’s Jewelry
The thing about jewelers is they have a considerable amount of experience. They normally have customers all the time, making them more experienced in the precious metal industry than simple gold buyers.
One of these examples is Michael’s Jewelers. Established in 1980, it has been building a solid reputation for over 30 years.
No matter which review you come across for Michael’s Jewelry, there is one thing common in all of them; they just cannot get enough of their customer service.
The owner himself is present to greet and deal with customers. He is known to be honest and transparent. The shop also explains its buying process clearly, so you don’t have any questions or confusion.
Phone Number: (317) 253-9505
Address: 6251 Winthrop Ave, Suite 5, Indianapolis, IN 46220
6. Indy Gold
Indy Gold is a clear indication that thriving businesses don’t need to have a website.
They have not accepted modern culture yet and are completely off the radar. I was surprised to find a Google listing, as they don’t have any social media accounts either.
What I can tell you about this shop is very little, apart from the fact that it deals in a manner that will result in you coming back whenever you have gold to sell.
Yes, that’s right. Indy Gold buys gold from you at a decent rate. It can be in the form of bullion or coins; they are happy to accept it. The staff is friendly and knowledgeable too.
Phone Number: (317) 496-3682
Address: 5135 S Emerson Avenue E, Indianapolis, IN 46237
7. Universal Gold & Silver
Another contender that you might be interested in is Universal Gold & Silver. Its doors were opened more than 25 years ago, and it has grown to be an exceptional precious metal dealer.
The main reason people like this shop so much is, its hospitality and fair prices. They often say they get the best prices over here than other gold shops. That is pretty awesome.
The collection of items you can find here is priceless. Their Facebook page is regularly updated with some cool finds.
Apart from dealing in bullion, the shop does jewelry repairs and resizing. So, it could be the one-stop shop for your precious metal needs.
Phone Number: 317 351 1900
Address: 4320 E 10th St, Indianapolis, IN 46201
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In Indianapolis, IN?
No matter where you are in the states, gold dealers need to make a profit when selling gold to you.
In the case of the city of Indianapolis, you can expect to pay anywhere between 2% to 8% above the spot price for your gold.
This is pretty steep, but it must be noted that the number is negotiable. If you make a purchase, especially a large one, you should get the gold dealer of your choice to settle on a lower number.
Q2: Are There Taxes On Purchasing Gold & Silver In Indianapolis, IN?
The law is not too simple in the state of Indiana. The state has indeed cleared many precious metal varieties from being taxed. Some of them are Gold, Silver, and Platinum Eagles.
In addition, if a coin is allowed in an IRA, it is not taxable. The same rule applies to bullion too. But it should meet additional requirements too.
Gold should be 99.5% pure or higher. The number is 99.9% for silver, 99.95% for platinum, and palladium.
Q3: Can You Invest In A Gold IRA In Indianapolis, IN?
Yes, Indianapolis allows people to invest in a gold IRA. As most bullion is pure enough, you can put it in an IRA and see the metal’s worth growing.
It is important to note that IRA dealers can charge little or a lot. You should conduct proper research before deciding if one is suitable for you.
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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So, if you were worried about no gold reserves in your city, I can assure you that it is nothing to worry about.
The dealers present are more than enough to fulfill your wish and will allow you to buy precious metals in Indianapolis with confidence.
If you are a state resident, adding no taxes on the metals is also a major plus. So, this leaves nothing that you can doubt.
All you have to do is choose a dealer and finally deal in gold in the manner that you have always dreamed of.
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.