Though the sixth largest city in Michigan, Ann Arbor is really known more for being the location of the University of Michigan. The school, which has been part of the city since just 13 years after its founding in 1824, drives much of the city’s economy, with 30,000 employees and a focus on technology that derives from the University’s emphasis on research and development.
Other drivers of research and technology in the city include the National Oceanic and Atmospheric Association (NOAA) and the EPA’s National Vehicle and Fuel Emissions Laboratory. Healthcare and automotive manufacturing also help to support the city’s economy.
Ann Arbor has historically been known for liberal leanings, such as political opposition to the Vietnam War and support for the legalization of marijuana. In 2010, the city had a population of 113,934 residents, and it currently serves as the seat of Washtenaw County. The city’s name is derived from the shared name of the founders’ wives, and the predominance of bur oak trees in the area.
Sales Tax on Gold and Silver in Ann Arbor
In 1999, Michigan’s General Sales Tax Act was expanded to include sales tax exemptions for investment coins and precious metal bullion. These items are carefully defined. For example, investment coins must be official federal currency worth more than their face value, while bullion of gold, silver, or platinum must be at least 90 % pure.
Other items, such as coins with no monetary value, and paper currency, are still subject to a sales tax rate of six percent.
Local Gold and Silver Dealers in Ann Arbor
Ann Arbor Stamp and Coin With more than 75 years of experience, Ann Arbor Stamp and Coin offers investors and collectors the opportunity to confidently buy and sell coins, stamps, precious metals, and more.
3372 Washtenaw Ave.
Ann Arbor, MI 48104
Antelope Antiques & Coins
Antelope Antiques and Coins possesses more than 30 years of experience in antiques. This experience includes not just coins (which they buy and sell) but also a variety of other antiques, as well as expertise in estate sales.
255 E. Liberty St.
Ann Arbor, MI 48104
Bondy’s Gold & Loan
Bondy’s two locations, in Ypsilanti and Southgate, reflect the store’s more than 30 years of experience. The shop is a family-owned business that offers a variety of coins for purchase and is willing to provide support for investors and collectors looking for specific items.
1779 Washtenaw Rd.
Ypsilanti, MI 48197
19225 Eureka Rd.
Southgate, MI 48195
Investment Rarities of Michigan, Inc.
The inventory at Investment Rarities ranges from firearms to jewelry to gold and silver. The shop buys and sells all of these items. Coin investors and collectors can purchase everything from bullion to proof sets and can access investment and consulting advice.
2390 E. Stadium Blvd.
Ann Arbor, MI 48104-4811
Olde Towne Coin & Gold
For 35 years, Old Towne Coin & Gold has been buying and selling a variety of precious metals, from coins to gold and silver and jewelry. The shop also repairs jewelry.
24 E. Cross St.
Ypsilanti, MI 48198
Redford Jewelry & CoinSince 1984, Redford Jewelry & Coin has bought and sold coins and jewelry and includes as employees members of the American Numismatic Association, the American Numismatic Society, and the Numismatic Literary Guild. The store possesses a rare coin collection that rivals any in the Detroit metropolitan area, and also offers items such as bullion and proof sets.
15386 N. Haggerty Rd.
Plymouth, MI 48170
Thank you for reading our guide to buying gold and silver bullion and coins in Ann Arbor, MI. If you know of any other coin or bullion shops in Ann Arbor, please contact us at Metals.com so we can update our directory.