South Carolina Rules of Gold

South Carolina Rules of Gold


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

Sales Tax Laws on Gold and Silver - Title 12, Chapter 36 of the South Carolina Code of Laws stats that a sales tax exemption applies to gold, silver, and platinum bullion (or any combination of the three); legal tender coins of U.S. or other jurisdiction; and currency.

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

Palmetto Galleries

5220 Two Notch Road

Columbia, SC 29204

(802) 786-6105

This coin shop, specializing in U.S. coins, has served Columbia coin collectors for over three decades. They buy and sell a complete array of both rare coins and bullion. Palmetto Galleries is a PCGS, NGC, and U.S. Mint authorized dealer.

The wide inventory available here includes almost every U.S. coin imaginable, along with foreign coins, paper currency, and rare graded coins, along with gold and silver bullion. Palmetto Galleries does not publish their open hours; instead, customers are encouraged to call to make an appointment.

Low Country Coins

7800 Rivers Avenue, Suite 1010

North Charleston, SC 29406

(843) 763-DIME

Low Country Coins specializes in U.S. coins, with a wide selection of denominations and ages. They carry cents, nickels, dimes, quarters, half dollars, and silver dollars, paper currency, proof and mint sets, and foreign and ancient coins.

Low Country also offers the most popular gold and silver bullion coins, as well as tokens, medals, and coin collecting supplies. Many of their items can be purchased online. They also buy coins and scrap gold from individuals, and offer wish list fulfillment services for collectors in search of elusive rare coins.

M&J Coins and Prospecting

10471 Asheville Highway, Unit 9

Inman, SC 29349

(864) 472-3041

M&J Coins is a PCGS authorized dealer specializing in gold coins. They also carry silver coins and historic U.S. and foreign coinage, though the focus here is on precious metals rather than rare coins.

In addition to coins, M&J also features an extensive inventory of gold prospecting equipment and metal detectors. M&J coins also buys gold and silver. They offer appraisals and grading services, and a selection of their coins can be found on eBay.

S & S Coins and Supplies

1219 Boiling Springs Road

Spartanburg, SC 29303

(864) 205-6544

S & S Coins, a family-run shop, specializes in 20th century U.S. coins. They carry Morgan silver dollars, Indian head pennies, and a full selection of graded and raw United States coins, along with foreign coins, paper currency, and coin collecting supplies.

They also buy scrap gold and silver, as well as individual coins and collections. The staff at S & S Coins is eager to assist new buyers, as well as experienced collectors searching for an elusive coin. Some of their coins can be purchased through their website, though customers must call for pricing.

John Kraljevich Americana

PO Box 1939

Fort Mill, SC 29716

(443) 454-7588

Founded by renowned numismatic expert John Kraljevich, John Kraljevich Americana specializes in colonial and early American coins. They have raw and certified coins, in a wide range of grades and price ranges, focused on those minted from 1652 to 1800.

John Kraljevich Americana also offers tokens, medals, and rare foreign coins. The full inventory can be seen and purchased online, with extremely detailed information available about each coin. John Kraljevich Americana also buys top-quality rare coins from individuals.

Gilbert Coin and Collectible Exchange

4079-H Augusta Hwy Ste H

Gilbert, SC 29054

(800) 375-7205

Gilbert Coin & Collectible Exchange carries certified coins, paper currency, U.S. coinage, and gold and silver bullion. They specialize in both precious metal bullion and collectible United States coinage. A portion of their inventory can be viewed and purchased online.

The largest coin shop in Lexington County, they are a PCGS and NGC authorized dealer and offer appraisals. Gilbert Coin buys U.S. coins, gold, and silver from individuals. Their Youth Program provides coin rewards for students who bring in their report cards.