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Mississippi has always been largely an agricultural state, with cotton plantations long accounting for much of the state’s wealth. In the last few decades, efforts have been made to diversify the economy, with manufacturing, finance, and the service sector now occupying larger sectors of the economy. With the 1990 legalization of certain casinos, the gaming industry has become an important player in the state.
Gold and silver have not been mined here in large amounts, but, like many states in the US south, the population heavily invest in silver and gold bullion, thus ensuring there are several top gold and silver dealers in Mississippi.
Are There Taxes on Buying Gold and Silver Bullion in Mississippi?
There are currently no sales tax exemptions when you buy silver and gold in Mississippi. Additionally, the state 7% sales tax also applies in full when you purchase coins, other precious metals, paper currency, and other numismatic collectibles. Certain county and local sales and use taxes can raise this rate even further. These high sales taxes reduce the purchasing power of investors looking to buy gold and silver bullion in Mississippi.
CBMint is not based in Mississippi, so residents of Mississippi 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. More about the applicable laws regarding investing in silver and gold in Mississippi can be read here:
http://www.dor.ms.gov/taxareas/sales/Exemptionssalestax.html
Please note, we are not tax professionals or experts. Individuals are sometimes liable to pay local Use taxes. Contact your state and local tax authorities for all laws concerning taxes when buying bullion locally in Mississippi.
List of Mississippi Cities with Gold and Silver Dealers
- Jackson
- Natchez
- Biloxi
Featured Gold and Silver Dealers in Mississippi (MS)
Listed below is a small sample of featured bullion and coin dealers in Mississippi. If you would like to suggest any additional Mississippi coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
The Coin Shop – Biloxi
The Coin Shop in Biloxi, MS, is a locally-owned shop that specializes in rare US coinage. The owner is a certified numismatist, and conducts appraisals and grading submission services. The expertise of the staff has earned The Coin Shop a reputation as being one of the best Mississippi coin and bullion dealers. Included in the former are Morgan silver dollars, pre-1933 US gold coins, 90% silver coins, silver half-dollars, and gold and silver world coinage.
The Coin Shop also offers a nice selection of gold, silver, and platinum bullion coins, bars, and rounds. Common staples are American Eagles, silver bars, 1 ounce gold bars, Canadian Maple Leafs, and Gold Krugerrands. They post current silver and gold spot prices in the store, and also offer some products for sale on their website.
724 Jackson Street
Biloxi, MS 39530
(228) 435-8880
Gregg’s Coins and Jewelry
A Biloxi, MS institution since 1982, Gregg’s Coins has a well-deserved reputation of being one of the best coin dealers in Mississippi, with a wide selection of 20th and 19th century rare United States coinage. Examples include high-grade Morgan and Peace silver dollars, proof coins, mint sets, pre-1933 US gold coins, world silver and gold coins, paper currency, and precious metals jewelry. Gregg’s Coins also offers bullion for sale, intended for Mississippi buyers looking to invest in gold and silver. Gregg’s is known for having low prices on silver and gold bullion products, and they post current spot silver and gold prices in the store.
2010 A Pass Road
Biloxi, MS 39531
(228) 388-7022
Bill’s Coin and Stamp Exchange
A PCGS and US Mint authorized dealer, Bill’s Coin offers a nice mix of collectible coins and precious metals bullion, including gold and silver US Eagles, American Gold Buffaloes, world gold and silver coins, and historic US and foreign coins. Bill’s Coin also buys and sells other numismatic collectibles, such as tokens, medallions, stamps, colonial coinage, ancient coins, and paper currency. The product selection at Bill’s Coin and Stamp is constantly changing, so be sure to visit their Jackson, MS location if you are looking to buy gold and silver bullion in Mississippi.
104 Wilmington Street
Jackson, MS 39204
(601) 371-1223
Gold and Silver Extravaganza
Gold and Silver Extravaganza specializes in silver and gold bullion, and has emerged as one of the best places in Mississippi to buy gold and silver. Not only do they feature low product premiums over current gold and silver spot prices, their wide selection of bullion bars, coins, and rounds has something for everyone, from beginning buyers to high-end investors looking to buy silver and gold bullion. Gold and Silver Extravaganza also buys and sells platinum bullion, palladium bullion, precious metals scrap, 90% junk silver coins, jewelry, and foreign silver and gold coins. They are said to pay the highest prices for gold, platinum, and silver bullion when they buy from the Mississippi public.
1139 Old Fannin Road #R
Brandon, MS 39047
(601) 321-9010
State Street Coins
State Street Coins focuses on collectible US coinage, rather than precious metals bullion. However, they do carry a few gold and silver bullion coins, such as Silver Eagles and Canadian Gold Maple Leafs. Their numismatic coin selection includes coins to fit any budget, from beginning collectors to serious investors. Pre-1933 US gold coins, Morgan silver dollars, slabbed coins, proof coins, investment-grade coins, and mint sets are all commonly found at State Street Coins.
616 State Street North
Clarksdale, MS 38614
(662) 302-1761
Product Selections on CBMint: Gold Silver Platinum Palladium All Products
