Local Gold and Silver Dealers in Alexandria, VA
Alexandria is an independent city in the state of Virginia, lying on the west side of the Potomac River. Its proximity to Washington, DC has turned it into a suburb of the federal capital. The city dates from the 18th century.
It was founded in 1749; incorporated as a town in 1779; incorporated as a city in 1852, and incorporated as an independent city in 1870. In 2016, an estimated 155,810 people resided in its 15.5 square miles.
The city takes its name from the Alexander family. Around 1746, Captain Philip Alexander II established an estate of 500 acres close to the Potomac. Sometime later, settlers in the area voted to start a new town and trading center and decided that a site on the Alexander property would be suitable. Naturally, the prospect of losing the land was not well received by the Alexanders. However, they appeared to have supported the idea when its promoters offered to name the new town Alexandria.
Today, Alexandria is very much a city affected by lying about 7 miles from Washington, DC. It is home to federal civil servants, to U.S. military employees, and to the many private contractors that provide services to the federal government. Some of Alexandria’s largest employers are U.S. Department of Defense and the Institute for Defense Analyses. The city is home to the United States Patent and Trademark Office and the National Science Foundation.
Sales Tax on Gold and Silver in Alexandria
Sales tax in the state of Virginia is currently 4.3%. However, local jurisdictions may apply a tax, which can make the total rate as high as 7.0%. However, starting on January 1, 2019, and running through June 30, 2022, sales of precious metals that exceed $1,000 are exempted from the tax.
The law states that sales tax “shall not apply to the following... gold, silver or platinum bullion or legal tender coins whose sales price exceeds $1,000. Each piece of gold, silver, or platinum or legal tender coin need not exceed $1,000, provided that the sales price of one entire transaction of such pieces exceeds $1,000." However, sales tax will apply to sales of precious metals, where the entire transaction is less than $1,000.
Local Gold and Silver Dealers in Alexandria
Alexandria Gold and Silver
6911 Richmond Hwy
Alexandria, VA 22306
Cameo Coins & Collectibles
444 Maple Avenue E
Vienna, VA 22180
Century Stamps & Coins Inc.
6436 Brandon Avenue
Springfield, VA 22150
Kennedy’s Stamps & Coins
7059 Brookfield Plz
Springfield, VA 22150
Penny Pincher Coins10409 Main Street
Fairfax, VA 22030
Thanks for reading our guide to buying gold and silver bullion and coins in Alexandria, VA. If you know of any other coin or bullion shops in the city of Alexandria, please contact us at Metals.com so we can update our directory.