Minnesota Rules of Gold

Minnesota Rules of Gold


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

Sales Tax Laws on Gold and Silver - Section 17 of F. No. 1, signed into law in 2017, provides a sales tax exemption for precious metals bullion of 0.999 fineness.

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

American Rare Coins and Collectibles

7900 Xerxes Ave South, Suite 140

Bloomington, MN 55431

(952) 830-1400

American Rare Coins, one of the region's largest dealers, has bought rare coins, gold, silver, and paper currency from more than 50,000 individual collectors and buyers. Their buy and sell prices for many gold and silver products are posted on their website, and updated daily to reflect market changes.

American Rare Coins actively buys and sells certified coins, pre-1965 silver coinage, U.S. silver dollars, proof and mint sets, bullion (gold, silver, platinum, and palladium) and scrap gold. They offer precious metal IRA program, and a wide variety of rare coins, gold coins, and bullion.

Valley Coin

5525 34th Ave N.

Crystal, MN 55422

(877) 875-0786

Valley Coin specializes in U.S. and Canadian coins, including National Park quarters, silver dollars, and gold and silver bullion, as well as coin collecting supplies. Much of their inventory is available on the website. Valley Coin offers coins priced at 5 cents to $5,000 or higher, suiting the needs of any potential buyer. They also buy and trade coins, currency, and bullion. Valley Coin is a PCGS and NGC authorized dealer, and offers grading submission services.

Grove Coin and Investment Company

8306 Tamarack Village #401

Woodbury, MN 55125

(800) 878-7868

Among the oldest Minnesota coin shops, Grove Coin was founded in 1962. Grove Coin sells U.S. and world coins, ancient coins, U.S. and world paper currency, gold and silver bullion, jewelry, and related collectibles. They specialize in 19th and early 20th century U.S. coins. Many of their items can be purchased online, with a minimum order of $25.

Grove Coin is located within Collectors Gallery, a large collectibles store. Their buy list, published on their website, include slabbed or raw U.S., ancient, and world coins, along with tokens and medals, U.S. currency, and precious metals, such as coins, bars, rounds, jewelry, and scrap.

Lake Superior Coins

118 West 1st Street

Duluth, MN 55802

(218) 722-0207

Lake Superior Coins specializes in U.S. coins, and offers a full selection of historical, raw, and certified U.S. coins, along with proof and mint sets, statehood quarters, paper currency, and American Silver and Gold Eagles. They also offer foreign coins and currency, as well as collecting supplies.

Lake Superior offers appraisals and a want list service, and routinely buys collections from individuals. A small selection of their coins can be found on eBay or purchased off their website, but most of their coins can only be found in their Duluth coin shop.

Seven Star Enterprises

2780 Snelling Ave. N, Suite 205

Roseville, MN 55113

(612) 331-8222

Seven Star Enterprises is a precious metal company specializing in assisting serious buyers interested in physical gold and silver. Founded in 1984, they are a U.S. Mint authorized dealer, and offer gold and silver bullion products including coins, rounds, and bars.

Seven Star also buys and sell platinum and high-grade rare coins for financial strategy purposes. They offer precious metal IRA programs, as well as free consultations with their professional staff, and will ship bullion anywhere in the country.

Local Gold and Silver Mints in MN

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

Westminster Mint

3300 Fernbrook Lane, Suite # 160

Plymouth, MN 55447

(800) 301-3868

Westminster Mint is one of Minnesota's largest precious metal dealers, as well as a private gold and silver mint. As a retailer, they specialize in gold and silver bullion including coins, rounds, and bars, and all of their available products can be purchased through their website, with live pricing available. Their minting services include die-making for custom rounds; they also mint high-grade gold and silver bars in a variety of sizes.