Virginia Rules of Gold

Virginia Rules of Gold


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

Sales Tax Laws on Gold and SilverHouse Bill 1668, approved in 2017, exempts gold, silver or platinum bullion or legal tender coins from sales tax as long as the total purchase price of the metals exceed $1,000.

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.

Silver Eagle Coins & Collectibles

2724 N. Mall Dr.

Virginia Beach, VA 23452

(757) 351-1105

Silver Eagle Coins, a family-run coin shop, specializes in Lincoln cents, early U.S. coins, modern commemorative coins, U.S. Mint proof sets, PCGS and NGC graded coins, and 90% silver US coinage. They also carry a wide assortment of other U.S. and foreign coins. An NGC authorized dealer, Silver Eagle Coins also buys U.S. and foreign coins, paper currency, gold, and silver. Buy rates are available over the phone for many items.

David Lawrence Rare Coins

PO Box 9174

Virginia Beach, VA 23450

(800) 776-0560

David Lawrence has been serving Virginia Beach coin collectors since 1979. Their selection focuses on classic U.S. coins, and also includes ancient coinage and modern U.S. coins. They carry American Eagle and Gold Buffalo bullion coins. Many of their items can be purchased online; they also conduct online auctions. David Lawrence Coins also purchases and consigns coins.

Candl Coins & Stamps

536 Independence Boulevard
Virginia Beach, VA 23462
(757) 499-5156

Candl Coins, founded more than four decades ago, carries a wide array of coins, stamps, sports cards, and other collectibles. They offer silver, gold, and platinum American Eagles, South African Krugerrand bullion coins, and privately minted silver rounds.

Candl Coins also stocks proof and mint sets, modern commemorative coins, and other numismatic collectibles. Through a national network of coin dealers, they can help you track down any elusive coin for your collection.

Harry Laibstain Rare Coins

PO Box 3596
Norfolk, VA 23510
(757) 622-6760

Harry Laibstain Rare Coins, founded in Norfolk in 1980, is a PCGS and NGC authorized coin dealer specializing in rare U.S. and world coins. Owner Harry Laibstain is a lifetime member of the ANA, and strives to wow new and experienced collectors alike with his impressive array of coins for sale.

Harry Laibstain regularly handles rare graded coins worth tens of thousands of dollars. Much of their inventory can be viewed online. They also offer grading, appraisal, consulting, and auction advocate services. HLRC buys coins from individuals, and are always willing to buy back coins they have sold previously.

Dominion Coin Company

3304 Taylor Road

Chesapeake, VA 23321

(757) 606-3999

Dominion Coin specializes in precious metal and U.S. coins. They offer a wide array of gold, silver, and platinum bullion products like uncirculated and proof American Eagles. They also carry an expansive selection of silver dollars, half dollars, and other U.S. coinage, as well as proof and mint sets, commemoratives, paper currency, and collecting supplies. An NGC and PCGS authorized dealer, many of their coins can be purchased directly from their website.

Liberty Coins

1125 Gaskins Rd. Suite 200

Richmond, VA 23238

(800) 747-5860

Liberty Coins is a PCGS and NGC Authorized dealer specializing in U.S. coins. They carry rare U.S. coins, colonial coins, modern commemoratives, and U.S. silver and gold coins. Their online catalog is updated in real-time, and offers most of their coin inventory. Liberty Coins offers appraisals, and is buying U.S. gold and silver coins, especially Morgan silver dollars and coin collections.

Wayne Herndon Rare Coins

PO Box 221601

Chantilly, VA 20151

(703) 385-0058

Wayne Herndon Rare Coins specializes in rare U.S. and world coins, and also carries coin supplies. Their selection includes cents, nickels, dimes, quarters, half dollars, dollars, colonial coins, gold coins, and proof and mint sets. They also offer wholesale discounts and a want list service. WHRCoins is a PCGS and NGC authorized dealer offering appraisals, grading, authentication, and layaway services.