Kentucky Rules of Gold

Kentucky Rules of Gold


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

Sales Tax Laws on Gold and Silver - Gold and silver sales are subject to sales tax. Senate Bill 41, introduced in 2017, proposed tax exemption of gold and silver sales but failed in the Appropriations & Revenue committee.

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

Louisville Numismatic Exchange

527 South 3rd Street

Louisville, KY 40202

(502) 584-9879 

Among the oldest Kentucky coin dealers, the Louisville Numismatic Exchange was founded in 1955. Today, it serves as a one-stop shop for coin and precious metal collectors, individual buyers, and dealers. The company carries a wide range of US and world coins, bullion in gold, platinum, silver, and palladium, paper currency, proof and mint sets, collectible tokens, and jewelry.

Louisville Numismatic Exchange are particularly well-regarded for their selection of rare foreign coins. A small portion of their expansive inventory can be found on eBay.

Heartland Coins

910 North Dixie Avenue, Suite 116

Elizabethtown, KY 42701

(270) 765-2211

Heartland Coins specializes in US coins, and is actively buying historic US coins, proof and mint sets, and paper currency. They also buy and sell gold, silver, and platinum coins and bullion. American Silver Eagles, US pre-1964 silver coinage, and gold coins are some of their hottest sellers.

Heartland Coin offers a wide selection of coin collecting supplies, and also offers appraisals and grading screening services.

Mid-American Rare Coin Galleries

1707 Nicholasville Road

Lexington, KY 40503

(877) 836-0833

Founded in 1984, Mid-American Rare Coin Galleries is a top coin shop in Lexington. Their items are backed by an unprecedented 30-day return policy and lifetime authenticity guarantee. Mid-American carries high-grade rare coins including ancient, historical, and modern US and foreign coinage, and specializes in U.S. coins.

Mid-American has previously sold coins for hundreds of thousands of dollars. Their showroom is open by appointment only, as the staff travels frequently for coin shows. Founder Jeff Garrett serves as Vice President of the American Numismatic Association.

Bruner's Collectables

1628 Triplett Street

Owensboro, KY 42303

(270) 684-4904 

Bruner's Collectables began in a 250-square foot shop in 1964, and they've been in the rare coin business ever since. The company specializes in US coins, paper money and silver and gold bullion products. Bruner's Collectables stays current with a social media presence on Facebook, which they update often to keep their customers aware of new arrivals, as well as collecting advice and online discussion boards.

Cherokee Coins & Jewelry, Inc.

1825 Bardstown Road

Louisville, KY 40205

(502) 215-4353

Cherokee Coins & Jewelry, a family-owned Louisville coin dealer, buys and sells a wide range of coins and bullion. They specialize in US coins, especially Morgan and Peace dollars, key date and type coins, and proof and mint sets.

A PCGS and NGC authorized dealer, their showroom also offers paper currency, and silver and gold coins and bullion, and jewelry. The stock changes daily, so there's always something new for collectors to browse. Cherokee Coins offers discounts for large purchases.

Treasure Island Coin, Stamp, Gold & Silver Exchange

232 W Broadway

Louisville, KY 40202

(502) 454-0334

Treasure Island buys gold and silver scrap, coins, and jewelry, along with US and foreign coins. This full-service coin shop offers a wide selection of coins, bullion, jewelry, and precious metals. Located in downtown Louisville, Treasure Island does not maintain an extensive website, yet is known for offering some of the best prices for coins in the Louisville area, whether buying or selling.

A-Plus Coins

1051 Bryant Way

Ste F

Bowling Green, KY 42103

(270) 783-0420

A-Plus coins buys and sell US and foreign coins, rare coins, and gold and silver bullion. In particular, their inventory contains a large number of rare and historical coins. A-Plus strives to offer coins at every price point, suitable for beginning collectors or experienced buyers. They also sell metal detectors and coin collecting supplies, offer appraisals, and purchase scrap gold and silver.