Des Moines is the capital of the U.S. state of Iowa. It is also the most populous city in the state, with an estimated population in 2017 of 217,521. The city is also the county seat of Polk County.
It covers an area of about 91 square miles, giving it a population density of 2,400 inhabitants per square mile. The municipality began as Fort Des Moines and was incorporated in 1851, taking its name from the Des Moines River. Des Moines (The Monks) is thought to be a reference to a community of French Trappist monks, who lived in the area. By 1857, the settlement was being called simply, "Des Moines."
The city is home to the headquarters of major insurance companies, including Principal Financial Group, the Meredith Corporation, Ruan Transportation, the EMC Insurance Companies, and Wellmark Blue Cross Blue Shield.
Des Moines plays an important role in the presidential election cycle, hosting the caucuses. The caucus system that Iowa uses has been in place since 1846, the year the state was created. In 1972, it became the first presidential candidate selection event - caucus or primary - for the Democratic Party and, in 1976, the Republican Party followed suit.
Sales Tax on Gold and Silver in Des Moines
Currently, the Iowa state sales tax rate is 6%. However, local taxes can add up to 2%. Sales of coins, currency and bullion are exempt from tax.
"Bullion" is defined as ‘bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or a combination of these where the value of the metal depends on its content and not the form’ and ‘coins’ or ‘currency’ are defined as a coin or currency made of gold, silver, or other metal or paper which is or has been used as legal tender.”
Local Gold and Silver Coin Dealers in Des Moines
Capital City Coins and Bullion
Capital City Coins & Bullion serves Des Moines and surrounding areas. This dealer buys all types of scrap gold and silver items.
7576 Hickman Rd
Des Moines, IA 50324
Coins Stamps ‘N’ Stuff
Coins Stamps ‘N’ Stuff is a family-owned business that has been in operation since 1977. The shop offers everything from early U.S. pennies to modern American Eagle silver bullion coins.
8190 Hickman Rd
Clive, IA 50325
Iowa Stamps & Coins
Iowa Stamps & Coins has been serving the numismatic community for four decades. The shop specializes in United States Mint coins and U.S. stamps from all periods.
PO Box 77
Ankeny, IA 50021
Mckee Coins, Inc.
McKee Coins has been serving collectors and investors for more than thirty years. Owner Owen McKee, a member of the American Numismatic Association, runs regular live and mail bid auctions.
213 East Main St.
Ottumwa, IA 52501
The Gold GuysThe Gold Guys is a dealer with over a decade of experience under its belt. Its location in Des Moines is just one of a dozen around the country.
101 Jordan Creek Pkwy
West Des Moines, IA 50266
Thanks for reading our guide to gold and silver buying in Des Moines, IA. If you know of any other coin or bullion shops in the city of Des Moines, please contact us at Metals.com so we can update our directory.