West Virginia Rules of Gold

West Virginia Rules of Gold


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

Sales Tax Laws on Gold and Silver - West Virginia levies a sales tax on gold and silver purchases.

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.

Kanawha Coin Shop

712 Brawley Walkway

Charleston, WV 25301

(304) 342-8081

Located in Charleston, Kanawha Coin Shop carries rare coins, U.S. Mint proof sets, paper currency, foreign coins, and gold and silver bullion. Owner Doug Bumgardner, a coin dealer since 1962, has been a member of the American Numismatics Association since 1964.

Kanawha also carries war relics, figurines, jewelry, stamps, postcards, and other collectibles. The store conducts regular silent auctions via a weekly bid board, and also sells some of their coins on eBay.

Fama's Coins & Card Shop

105 Main St.

Beckley, WV 25801

(304) 253-7400

Founded in 1984, Fama's Coins carries a wide array of coins, including rare coins, U.S. Mint proofs, complete coin sets, gold and silver bullion, and collecting supplies. They specialize in bullion and United States coins. Fama's Coins offers free appraisals, and is actively buying gold and silver coins, collector coins and collections, scrap gold, silver and gold bullion, and collectible sports cards. Because they buy from individuals, the coin selection is constantly changing.

Classic Jewelry & Loan

6339 US Route 60 E

Barboursville, WV 25504

(304) 733-1840

Classic Jewelry & Loan, a pawn and secondhand shop, is a family-owned coin dealer in Barboursville. Their selection includes many coins and precious metal items. They have a large selection of foreign and U.S. coins, proof and mint sets, paper currency, ancient coins, and gold and silver bullion, along with flatware, jewelry, and other gold and silver items. Classic Jewelry also buys gold and precious metal scrap. A selection of their rare coins can be found on eBay.

Acropolis Coins

495 High Street

Morgantown, WV 26505

(304) 296-2931

Though they have little internet presence, Acropolis Coins is known as a trustworthy local coin dealer. They specialize in historic U.S. coins, and offer early type coins, silver coins, modern commemorative coins, tokens and medals, bullion coins, and ancient coins. Acropolis buys, sells, and appraises coins and other precious metal items, such as jewelry. They are a PCGS authorized dealer.

Wheeling Coin & Hobby

Washington Crown Center Mall
25 10th St.
Wheeling, WV 26003
(304) 232-8430

Wheeling Coin & Hobby carries U.S. and foreign coins, paper currency, gold and silver bullion, and jewelry. They also stock metal detectors, jewelry, model trains, and die-cast models, among other hobby and collectible products. Wheeling Coin & Hobby offers appraisals, and actively buys coins from collectors.

They carry both graded and raw coins to suit any collector’s budget, and also offer a selection of coin collecting supplies. Though they have little internet presence, Wheeling Coin & Hobby is known as a well-stocked local coin shop offering personal service.

The Bronze Look

311 Mercer Street

Princeton, WV 24740

(304) 425-5005

The Bronze Look is a precious metal dealer that also offers fine art, jewelry, glass, and collectibles. The Bronze Look has two stores in Princeton, and one in Bluefield, as well as online and eBay stores. They buy silver and gold coins, jewelry, scrap, and bullion. The Bronze Look's coin selection is focused on gold and silver and includes American Eagles, foreign gold coins, and silver and gold bars and rounds.