Connecticut Rules of Gold

Connecticut Rules of Gold


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

Sales Tax Laws on Gold and Silver - Section 12-412 of the Connecticut Sales and Use Taxes Chapter states that purchases in increments over $1,000 are exempt from sales taxation.

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 Connecticut be sure to check out our other local coin shop pages:

Olde Towne Coin Co, Inc.

2600 Berline Turnpike

Newington, CT 06111

(860) 666-3045 

For more than four decades, Olde Towne has assisted Connecticut coin collectors with the purchase and sale of rare coins and gold, silver, and platinum bullion. The company president, Harold Kritzman, is a noted numismatic expert with over 40 years of experience in the field.

Olde Towne is a PCGS, NGC, and ANACS coin dealer offering grading and evaluation services. They buy and sell rare US coins, American Eagles and other government minted bullion coins, paper currency, scrap gold, and jewelry. They also carry coin collecting supplies such as coin holders and books.

Brookfield Coin and Card LLC

499 Federal Rd.

Brookfield, CT 06804

(203) 740-2892

Established in 1986, Brookfield Coin was founded by Phil Jones, a coin collector who initially sold through flea markets and coin conventions as a traveling store. Brookfield truly welcomes collectors with any level of experience, from newcomers to experts.

They buy and sell all forms of paper currency and coinage, as well as gold and silver bullion, and offer appraisals. They stock US Mint products, including American Silver Eagles and proof sets. Brookfield focuses more on rare and collectible coins than on precious metal bullion. In addition to their retail showroom, coins from Brookfield can also be found on eBay. Coin club meetings and auctions are held once per month in their store.

Good Ole Tom's

1100 Main St.

East Hartford, CT 06108

(877) 653-3866

Among Connecticut's best-known coin shops, Good Ole Tom's has been in operation for more than 50 years. They carry a wide selection of rare and antique coins, US coins and US Mint proofs, jewelry, antiques, and bullion. Many coin collectors frequent Tom's, "Where Rarity Is Common," in search of unusual rarities.

Also known as Tom's Coin World, this shop takes pride in their reputation, offering a 3-day return policy and wish list fulfillment services. Their online shop and eBay storefront offer a small portion of their inventory; the full selection is only available in their retail store. Tom's also offers to purchase scrap gold and silver through the mail.

Sam Sloat Coins

606 Post Road East

Westport, CT 06880

(800) 243-5670

One of the largest and oldest coin dealers in New England, Sam Sloat Coins was founded in 1961. They carry U.S., foreign, and ancient coins, paper currency, pure bullion in gold, silver, and platinum form, medals and tokens, vintage rare sports cards, political and advertising pinbacks, jewelry, and sterling silver.

Among their specialties are colonial and early U.S. coins. They maintain an eBay presence and online storefront in addition to a 1,200 square foot showroom. Sam Sloat will also purchase coins from individuals in person or through the mail.

Vernon Coin Center

630 Talcottville Rd #3

Vernon, CT 06066

(860) 871-6951

Vernon Coin Center, an NGC certified dealer, specializes in foreign coins, as well as Morgan and Peace silver dollars. They also deal in gold and silver bullion coins. Vernon Coin Center offers wholesale and bulk pricing, as well as appraisals. Their website offers an expansive inventory of coins, bullion, and coin collecting supplies for sale online.

Local Gold and Silver Mints in CT

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

World Treasures Mint

2 Broad St.  Suite 7

Milford, CT 06460

(203) 283-7466

World Treasures Mint, a small private mint located in Milford, Connecticut, produces silver bars and rounds in both solid silver and silver-clad (or silver-plated) varieties. World Treasures is known for creating a wide array of eye-catching art bar styles, with new designs being released very frequently.