Buy Gold Bar New York [REPACK]
Bullion Trading LLC specializes in silver and gold bullion such as rounds, bars, and coins. This dealer focuses less on rare or historical coins, and more on precious metals for investment purposes. As the largest precious metal dealer in New York, Bullion Trading LLC has a New York City showroom and also sells online and by mail. Their buy and sell prices are clearly listed on their website.
buy gold bar new york
Founded in 1972, Ridge Coin offers both numismatic collectibles and precious metal bullion. Ridge Coin is best known for a large and frequently-changing inventory of bullion bars and coins, including American Eagles, Canadian Maple Leafs, Krugerrands, 90% silver coins, and one-ounce silver and gold bars. They offer free appraisals, and buy coins, precious metals, and jewelry from individuals.
For more than five decades, Brigandi Coin Company on 44th Street in New York City has been known for carrying high-quality rare coins, gold and silver bullion, paper currency from around the world, and sports collectibles. This Manhattan icon offers products at every price range, and welcomes new collectors and serious investors alike.
In 1983, it produced $10 gold coins commemorating the 1984 Los Angeles Olympics; this was the first legal tender gold coin produced in the U.S. since 1933. Today, the West Point Mint produces American Eagle bullion coins in gold, silver, and platinum, along with the American Buffalo gold bullion coin and other gold and silver commemorative issues.
Manhattan Coin Shop is a high-volume coin dealer specializing in bullion coins. They carry a wide and ever-changing selection of the most popular gold and silver bullion coins like the American Eagle, Canadian Maple Leaf, and Austrian Philharmonic. If you are looking for a specific coin, they offer a coin search service. Their stock lists are also published online, along with buy and sell prices for the most popular coins.
This Midtown Manhattan dealer specializes in selling gold and silver coins, jewelry, flatware, and other precious metal items. Global Gold and Silver is located in an office building in the Diamond District. Owner Oshri Reuven is known for providing top quality customer service. Catering to new collectors and casual sellers, Global Gold and Silver takes the time to explain the finer nuances of precious metals. Appointments are not required but are preferred, especially if you are selling a significant amount of gold or silver bullion or coins.
Hownil Coins is a shop for trading, selling and buying rare coins in New York City. With over 20 years of experience, Hownil Coins buys, sells and trades choice US coins. Additionally, they are now buying your old gold and silver jewelry.
None of the gold stored in the vault belongs to the New York Fed or the Federal Reserve System. The New York Fed acts as the guardian and custodian of the gold on behalf of account holders, which include the U.S. government, foreign governments, other central banks, and official international organizations. No individuals or private sector entities are permitted to store gold in the vault.
As of 2019, the vault housed approximately 497,000 gold bars, with a combined weight of about 6,190 tons. The vault is able to support this weight because it rests on the bedrock of Manhattan Island, 80 feet below street level and 50 feet below sea level.
The New York Fed charges account holders a handling fee for gold transactions, including when gold enters or leaves the vault or ownership transfers (moves between compartments), but otherwise does not charge fees for gold storage.
Surprisingly, gold bars are not 100 percent pure gold. If they were 100 percent pure, the bars would be too malleable to preserve their shape. This would render them difficult to store or move. Therefore, each bar contains a small amount of at least one other metal, such as copper, silver or platinum. Tinges of color can indicate the type of alloy, however modest, from which a particular bar is composed. For instance, traces of silver and platinum give the gold a whitish shade, copper is most often found in reddish bars, and iron produces a greenish hue.
The market value of a gold bar depends on its weight, purity level, and the prevailing market price for gold. Rather than market pricing which fluctuates daily, the New York Fed uses the United States official book value of $42.2222 per troy ounce for gold holdings.
Golden Eagle Coins, being an out of state retailer, does NOT have to charge sales tax to New York residents. Browse our selection of tax-free gold and silver products. Please take note that we are not experts on tax issues, and you may be liable to pay local Use tax. Please contact your local tax professional for more information.
I have long recommended that investors put aside 5-10% of their portfolios in physical precious metals. But I was troubled to hear stories of my clients getting swindled by dishonest gold dealers. In 2010, I launched Euro Pacific Precious Metals to offer the highest quality gold and silver bullion at competitive prices, and we have since enjoyed tremendous investor acceptance.
There is an exemption for buying gold, silver, and platinum bullion in New York. The product must meet the specified criteria, and the purchase price must meet the minimum threshold of $1,000. Bullion which is considered exempt must be precious metal bullion (gold, silver, platinum, or palladium), and the value of the product must come from the metal itself, and not its form.
The product value of silver bullion coins cannot exceed 140% of the current silver spot price, 120% of the gold spot price for gold coins, and 115% of the spot price for other metals. Exempt bullion must be in the form of bullion bars, rounds, or coins. One important exception is made: coins from the Republic of South Africa are not exempted, including the famous gold Krugerrand. The law spelling out the New York sales tax exemption can be read here:
Please note that numismatic coins, paper currency, tokens, medallions, and gold and silver bullion products which does not meet the stated criteria are all subject to the New York sales tax rate of 4%. Local taxes, such as those in New York City, can raise this rate even further. The $1,000 minimum purchase price is also prohibitive for many buyers who are looking to invest in gold and silver in New York.
CBMint is not based in New York, so residents of New York do not have to pay any sales taxes when buying bullion online from CBMint. Please feel free to Browse our Selection of tax-free bullion products. In addition, CBMint has extremely low order minimums, so tax-free gold, silver, platinum, and palladium can be purchased in small amounts.
Brigandi is among the best New York gold and silver dealers. Located in Manhattan, they offer rare and collectible coins in all price ranges, appealing to both beginning collectors and serious buyers, seeking investment-grade coins. Their expansive showroom features proof coins, mint sets, graded coins, Morgan and Peace silver dollars, rare large and small cents, nickels, and gold and silver world coins. They offer authentication and grading services, as well as coin appraisals, and are known for helping interested customers locate rare coin auctions. Brigandi Coin also buys and sells gold and silver bullion, and is known for having some of the lowest silver and gold prices in New York. American Eagles, Canadian Maple Leafs, Suisse gold bars, silver bars, and platinum coins are common constituents in their bullion product offerings.
Bullion Trading, fittingly, specializes in selling and buying fine gold and silver bullion. They do not deal much in numismatic items, such as coins, tokens, and paper currency. Their customer base consists mainly of New York buyers looking to invest in silver and gold bullion. They carry silver and gold coins, bars, and rounds, from mints throughout the world. Bullion Trading is one of the largest and bets precious metals dealers in New York, and their showroom is expansive. In addition, they sell gold and silver through the mail and on their website. The Bullion Trading website also lists current gold, silver, and platinum prices.
For over five decades, MTB has been an industry leader, and one of the best gold and silver bullion dealers in New York City, if not the entire country. The main focus of MTB is buying and selling coins and bullion wholesale, although they do sell gold and silver bullion to the public. Their new headquarters, in the International Gem Tower in New York, features over the counter retail selling of fine gold, silver, platinum, and palladium bullion.
Manfra, Tordella & Brookes are famous for being one of the official US distributors of PAMP Suisse bullion products, including the extremely popular Lady Fortuna series of gold, silver, and platinum bullion bars. MTB sells a huge range of bullion bars in all sizes, from small, fractional gold and silver bars, up to massive 1000 ounce silver bars and 100 ounce gold bars. Being predominantly a wholesaler, their platinum, gold, and silver prices are very competitive. MTB is a member of the Numismatic Guaranty Corporation (NGC), and has a Better Business Bureau rating of A+.
In 1984, the West Point branch produced a legal tender $10 gold coin, to commemorate the Los Angeles Olympic Games. This unique gold coin was the first legal tender United States gold coin since the 1933 series of US Gold Eagles. Starting in 1986, during the onset of the US Mint gold bullion program, the West Point, NY branch manufactured American Gold Eagle coins.
Fadl, who paid $100,000 for the merchandise, drilled into several of the bars and found gray tungsten, which has nearly the same density as gold, making it difficult to detect. The same thing reportedly happened in Great Britain earlier this year, and finance blog ZeroHedge.com reported that in 2010 German refiner W.C. Heraeus claimed to have received a 500-gram bar from an unnamed bank that proved to be filled with tungsten. 041b061a72