South Dakota Rules of Gold

South Dakota Rules of Gold


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

Sales Tax Laws on Gold and Silver - Sales of coins, currency, or bullion are exempt from sales taxation according to the Statute 10-45-110 of the South Dakota Codified Laws.

Is Capital Gains Tax Levied on Gold and Silver? - No, as South Dakota does not impose an income tax on its citizens.

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

Sioux Falls Coins & Collectables

1330 W. Empire Mall

Sioux Falls, SD 57106

(605) 361-0005

For more than three decades, this Sioux Falls coin dealer has bought and sold nearly every coin imaginable. They also buy and sell paper currency, stamps, bullion, and collectibles. They offer appraisals, and are willing to buy single coins or collections, as well as paper currency, stamps, jewelry, gold and silver bullion, antiques, and precious metal scrap. Located inside Empire Mall, Sous Falls Coins & Collectables has served local coin collectors for more than three decades.

Dakota Coin & Precious Metals

615 Saint Joseph Street

Rapid City, SD 57701

(605) 484-9788

Since 1986, this downtown Rapid City coin dealer has bought and sold precious metal bullion. They carry American Eagles, Gold Buffalos, South African Krugerrands, Canadian Maple Leafs, Chinese Pandas, Austrian Philharmonics, and more. Dakota Coin also carries gold and silver bars from top private mints. They also deal in U.S. and foreign coins, historical memorabilia, paper currency, and jewelry.

AMA Antiques and Coins

114 E 1st Street

Tea, SD 57064

(605) 321-9195

AMA Antiques buys and sells U.S. coins and currency, with a focus on gold and silver bullion coins, including the American Eagle. They also offer appraisal and pawn services.

AMA Antiques and Coins has been open for nearly two decades, and is known for fair pricing on precious metal bullion. They receive new coins and bullion weekly, so collectors are encouraged to stop by their showroom frequently.

First Stop Gun and Coins

701 Main Street

Rapid City, SD 57701

(605) 341-5211

First Stop carries both firearms and collectible coins, making for an unusual range of products found in their showroom. This family-run dealer, founded in the 1970s, caters to new and experienced collectors alike. They specialize in high-grade and rare coins, and also carry a selection of silver and gold bullion. First Stop also buys gold, silver, and coins.

Local Gold and Silver Mints in SD

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

Tri-State Mint

Tri-State Mint, a respected private mint, was once located in South Dakota. They are best known for their "Double Bison" gold and silver rounds produced for the state of South Dakota in the late 1980s.

These bullion rounds were minted in .999 fine metal, and came in a range of sizes: gold rounds from 1/20 oz to 10 oz, and silver from 1/2 oz to 10 oz. The company eventually moved to Nevada and became known as Medallic Art Company.