Anyone who has ever purchased bullion or precious metals knows it is far from the average transaction—namely due to the various taxes and fees that can apply. Here is all you need to know about buying and selling bullion in Connecticut.
Connecticut Sales Tax
In Connecticut, precious metals and bullion are exempt from sales tax so long as the purchase totals more than $1,000. If it doesn't, the sales tax rate is 6 percent.
Connecticut Capital Gains Tax
As with every other state, Connecticut adheres to a federal capital gains tax for bullion. Your rate will depend on your income, but it cannot go over 28 percent.
A truly diversified portfolio includes precious metals, so when you're planning for retirement, consider adding qualified bullion to your Self Directed IRA. Contact us to get started or visit our Precious Metals IRA page to learn how you can invest.
Looking for a Local Coin Show?
We attend a number of coin shows throughout the country each year. Here's where and when you'll find us at an expo near you.
Want to Join a Coin Club in Connecticut?
Coin clubs are a great way to connect with others who share your love of coins, precious metals, and other bullion. We maintain a current list of Connecticut coin clubs to help you find one local to you.
Want to Buy Coins Locally?
Looking for somewhere nearby where you can purchase coins or other precious metal items? Check out our coin shop directory to find a place to buy coins near you.
Do you know 20 facts about Connecticut?
One of the very first U.S. colonies, Connecticut has a history as old as the country itself. Continue reading to learn 20 interesting facts about our nation's 5th state.