TEXAS
RULES OF GOLD
Are Gold and Silver Recognized as Legal Tender? - No.
Sales Tax Laws on Gold and Silver - Since 2013, Texas does not impose sales tax on precious metals purchases of any amount. Prior to 2013, Section 151.336 allowed sales tax exemptions for precious metals purchases above $1,000 until House Bill 78 amended Section 151.336 of the Texas Tax Code to eliminate the price threshold limiting sales tax exemption for precious metals sales.
Is Capital Gains Tax Levied on Gold and Silver? - No, as Texas does not impose an income tax on its citizens.
Do the State's Laws Allow for a State Bullion Depository? - House Bill 483, signed into law in 2015, allows for the state to establish a state bullion depository under the supervision of the state's comptroller office. With the passing of HB 483, Texas became the first state in the nation to establish a state bullion depository.
Does the State Hold Gold and Silver Reserves? - No.
Does the State Hold Physical Gold and/or Silver in Government Pension Funds? - Yes. The Texas Teacher Retirement Fund and the University of Texas own nearly $1 billion in physical gold in addition to holding bonds, stocks, and other paper-based investments.
If you are looking for gold and silver dealer or coin shops in specific cities located in state of Texas be sure to check out our other local coin shop pages:
Arlington Coins
2230 W Park Row Dr # C
Pantego, TX 76013
(817) 274-5971
Arlington Coins carries a wide range of U.S. and foreign coins, gold and silver bullion, American Eagle bullion coins, paper currency, and coin collecting supplies. They cater to new and experienced collectors and precious metal buyers alike. From basic starter coins to high-grade rare coins, from proof and mint sets to 90% silver US coinage, they stock a wide array of coins to suit any interest or financial goal.
Austin Rare Coins & Bullion
13809 Research Blvd #405
Austin, TX 78750
(800) 928-6468
This Austin coin shop specializes in rare coins. Their selection includes pre-1933 gold coins and certified rare coins from the United States and around the world. They also buy and sell precious metal items, including coins and bullion. They are known as one of the country's biggest silver dealers.
Austin Rare Coins & Bullion assists potential buyers interested in a precious metals IRA, and also carries a wide selection of gold bullion coins like the American Eagle, American Buffalo, Austrian Philharmonic, and Canadian Maple Leaf. Their more unusual offerings include shipwreck coins, ancient coins, and platinum and palladium bullion.
Dallas Rare Coins
5211 Forrest Lane, Suite 101,
Dallas, TX 75244
(972) 458-1617
Dallas Rare Coins, an ANA lifetime member, specializes in rare United States coinage. They buy individual coins and collections from enthusiasts around the U.S. Their impressive inventory includes mint and proof sets, high grade rare coins, and raw coins, in addition to foreign coins and precious metal jewelry. For more than three decades, Dallas Rare Coins has served new and experienced coin collectors alike from their Dallas storefront.
Fort Worth Coin Company, Inc.
5224 Camp Bowie Blvd
Fort Worth, TX 76107
(817) 336-1782
Located in historical downtown Fort Worth, this coin shop has served Texas coin buyers for more than three decades. They specialize in both rare U.S. coins and in bullion. A small selection of their coins can be purchased through their website.
Fort Worth Coin Company buys and sells gold, silver, platinum, and palladium. A PCGS authorized dealer, Fort Worth Coin Company has an on-staff numismatist to assist you with their selection of coins, bullion, and paper currency.
Lone Star Coins, LLP
2622 NW Loop 410
San Antonio, TX 78230
(210) 735-7131
For over four decades, Lone Star Coins has served San Antonio coin collectors with a large selection of U.S., foreign, and ancient coins. Their selection includes proof and mint sets, rare graded coins, and paper currency. Lone Star Coins encourages children and new collectors, and also enjoys helping experienced collectors track down an elusive coin.
Lone Star buys and sells gold and silver bullion in any amount, and also purchases scrap gold and silver. A selection of their items can be purchased online. Their online quote line provides daily buy and sell prices for common gold and silver items, from American Silver Eagles to gold Krugerrands to 90% silver US coinage and 14K scrap gold.
Mulligan Mint
PO Box 802425
Dallas, TX 75380
(888) 299-4399
Mulligan Mint produces silver, gold, and copper rounds. They produce approximately 25,000 ounces per day. Founded in 2012, already Mulligan Mint (or M2) has set a standard for technologically superior manufacturing, and is known for rounds in brilliant proof-like or proof quality. They produce custom rounds, and also offer a selection of 1 and 5 ounce silver rounds and 1/10th ounce gold rounds with a variety of unusual themes.