Indiana Rules of Gold

Indiana Rules of Gold


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

Sales Tax Laws on Gold and Silver - Sales, leases, or rentals of precious metals coins, bullion, or legal tender are exempt from sales tax according to the Indiana Department of Revenue.

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

Lost Dutchman Rare Coins

4983 North Franklin Road

Indianapolis, IN 46226

(317) 545-7650

The premier Indianapolis coin dealer, Lost Dutchman, was founded in 1985. This family business is an authorized PCGS and NGC dealer, and offers appraisals and financial consultations. They buy, sell, and consign coins, and offer numismatic photography services.

Lost Dutchman specializes in rare and historic US and foreign coins, and a selection of their rare coins is available on eBay. Their Facebook page offers frequent inventory and market news updates to keep prospective and current customers up to date on product offerings and spot price movements.

Mr. Wimp's Coins

926 West State Boulevard

Fort Wayne, IN 46808

(260) 426-0632

A Fort Wayne institution since 1962, Mr. Wimp's is known for a tradition of personal service and fair deals. Mr. Wimp's strives to offer a unique selection of rare and historic coins, jewelry, and gems.

Their selection tends to be smaller than that offered by other coin dealers, and does not include an expansive selection of precious metal bullion, but the coins they do offer have been hand-selected for beauty, rarity, and collectibility.

Some of their most unique items are sold through eBay and directly through their website.

TLC Coins

1906 W Franklin St

Evansville, IN 47712

(812) 402-2212

TLC Coin is an Evansville coin dealer buying and selling US and foreign coins, along with gold and silver bullion, coins, and jewelry. They offer NGC and IGC grading services, and have the equipment to test the authenticity of your gold or silver.

TLC Coins is known for an eclectic selection of coins and other collectibles. They recently moved into a new location, a historic building in downtown Evansville.

Casper's Coins

214 North Dixie Way

South Bend, IN 46637

(574) 272-5554

Casper's Coins offers both collectible coins and precious metals. They offer a wide selection of gold and silver bullion, and are known for their low premiums, with pricing on gold and silver tied to real-time market quotes. They buy and sell silver dollars, rare gold coins, proof coins, US and foreign currency, and collectible coins. They also purchase scrap gold, silver, and platinum. Many of their products are available for purchase online. Casper's Coins has locations in South Bend and Goshen.

Engle's Coin Shop

3520 Founders Rd.

Indianapolis, IN 46268

(317) 875-0617

Founded in 1969, Engle's Coin Shop has made customer satisfaction their top priority. Engle's offers competitive pricing for coins and bullion, and they buy, sell, and trade rare coins, certified coins, paper currency, jewelry, and precious metal bullion including gold, silver, and platinum.

Engle's is an NGC and PCGS authorized dealer, and also provides access to refining and assaying services.

Local Gold and Silver Mints in IN

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


120 E. Union City Pike

Winchester, IN 47394

(877) 477-2646

SilverTowne, founded in 1949, is among the largest private silver mints in the United States. They produce silver bullion bars in 1, 5, and 10 ounce sizes, each containing .999 fine silver. These are high-grade bars with a fairly simple design. Some of their five ounce bars feature a donkey and prospector design. SilverTowne's silver bars are hand-poured, giving them an unusual appearance that is favored by some serious buyers and avoided by others.