California Rules of Gold

California Rules of Gold


Are Gold and Silver Recognized as Legal Tender? - No.

Sales Tax Laws on Gold and Silver - Article 7, Regulation 1599, enacted in 2009, exempts sales taxation for gold and silver purchases in the amount of $1,500 or more.

Is Capital Gains Tax Levied on Gold and Silver? - Yes.

Do the State's Laws Allow for a State Bullion Depository? - No.

Does the State Hold Gold and Silver Reserves? - No.

Does the State Hold Physical Gold and/or Silver in Government Pension Funds? - No.

If you are looking for gold and silver dealer or coin shops in specific cities located in state of California be sure to check out our other local coin shop pages:

Alhambra Coin Center

254 East Main Street

Alhambra, CA 91801

(626) 282-1151

(800) 932-2646

This nationally renowned coin dealer, serving California coin collectors for more than four decades, is one of the best-known coin shops in the country. They offer a balanced selection of rare coins and precious metal bullion, and they will also purchase coins and bullion from sellers.

Alhambra can also assist you with appraisals, PCGS and NGC grading services, and setting up a precious metal IRA for retirement investment. In addition to selling to the public, Alhambra Coin Center is also a wholesaler, selling to other coin dealers across the country.

California Numismatic Investments

525 West Manchester Blvd

Inglewood, CA 90301

(800) 225-7531

CNI is one of the largest bullion dealers in the country, enabling them to offer reasonable prices on a wide range of coins and bullion. Their buy and sell prices are published on their website, and many of their products can be purchased online.

Note that they do have a $2000 minimum order for online purchases. CNI does guarantee buybacks for any item purchased through them. Their customers enjoy free grading and appraisals, along with a 24-hour quote-line and 7 day return policy. Their beautiful showroom offers a must-see collection of coins, whether you are new to numismatics or an experienced buyer.

Liberty Coin

2201 E. Willow Street, Suite AA

Signal Hill, CA 90755

(800) 400-0824

Over nearly five decades, Liberty Coin has handled more than half a billion dollars worth of transactions. Known as the largest coin dealer in the region, they are one of the biggest coin shops in the country. All of the products they offer are available for purchase through their online storefront.

Their store categories include bullion, certified coins, US Mint and United States coins, world coins, rolls of coins, and paper currency.  Current precious metal prices are posted on their site. They buy gold, silver, and platinum bullion and coins, rare coins and currency, US Mint products, and gold jewelry.

Fresno Coin Gallery

4616 N. Blackstone Ave.

Fresno, CA 93726

(559) 222-2646

For more than three decades, Fresno Coin Gallery has served as a Fresno institution. They are devoted to helping their local community and providing an opportunity for collectors and buyers to learn more about numismatics.

In 2003, the shop expanded, allowing Fresno Coin Gallery to expand their offerings even further. They specialize in gold, silver, platinum, and palladium bullion. Because they actively buy from individuals, the selection is always changing; their showroom offers US and foreign coins, proof and mint sets, silver dollars, and ancient coins.

San Jose Coin Shop

1084 Meridian Avenue

San Jose, CA 95125

(408) 266-2500

Established in 1958, this is one of California's oldest coin shops. For decades, San Jose Coin Shop has had a reputation for top-notch customer service and high quality coins.

This PCGS authorized dealer buys and sell US and foreign coins and currency, precious metal bullion, and scrap gold and silver. They can also help fulfill your coin want list.

Baysavers Gold & Silver Coins, Inc.

8548 Madison Avenue

Fair Oaks, CA 95628

(916) 961-9130

Baysavers, located in Fair Oaks, is here to meet all of your coin and bullion needs, and also offers a wide array of jewelry, stamps, collectibles, and coin collecting supplies. They even offer gold panning supplies, if you'd rather try your hand at panning for your own gold.

Their coin selection includes commemorative, proof, and mint sets along with silver and gold coins, rounds, bars, and scrap. Some of their products can be purchased through the website, while others - particularly precious metal bullion - cannot be purchased online; potential buyers must call for pricing on these products.


Local Gold and Silver Mints in CA

Also browse the gold and silver mints local to California. Some of these mints offer retail products, while others are wholesale only.

Northstar Mint


This small private mint is headquartered in Los Angeles. They have very little online presence. Northstar mints silver bars in 10, 25, and 50 troy ounce sizes, as well as silver rounds carrying a classic liberty design. Their bars are fairly plain but well made; they can frequently be purchased through large silver dealers.

San Francisco Mint

155 Hermann St.

San Francisco, CA 94102

A branch of the United States Mint, the San Francisco Mint opened in 1854 to mint coins from the newly mined gold of the California Gold Rush.

Over its history, the mint has been responsible for minting many U.S. coins intended for circulation. Today, the San Francisco Mint is responsible for minting proof coinage. Coins originating here bear a mintmark of 'S'.

Golden State Mint

Golden State Mint is one of the country's top private mints. Established in 1974, GSM has minted millions of silver, gold, and copper rounds and bars. They are particularly well-known for their one ounce and fractional silver rounds in Buffalo and Incuse Indian designs. Golden State Mint also mints custom designs. There is a 100 troy ounce minimum purchase when ordering directly from Golden State.

Great American Mint and Refinery Inc.

1020 North Armando Street

Anaheim, CA 92708

Great American Mint operates a cutting-edge precious metals refinery and bullion mint. They purchase gold and silver directly from dealers and individuals, then refine it and produce high-grade bullion products.

Their Great American Mint rounds carry a classic eagle design, while the bars have a more nondescript appearance.