Frederick, MD, sits as the second most populous incorporated city in the state of Maryland and sits at an important crossroads by the Chesapeake Bay. With a 2010 population of 65,239, it is an important part of the Washington-Arlington-Alexandria Metropolitan Area, and Washington-Baltimore-Arlington Combined Statistical Area.
The city was founded in 1745 and likely named after one of three famous Fredericks of the time. It now serves as the county seat of Frederick County.
A major player during the Civil War, Frederick was also temporarily Maryland’s state capital around the same time, thanks to the need to move the capital in order to vote on the question of seceding from the Union.
Economically, the city has several major employers, including Fort Detrick and Wells Fargo, a large research park, and a growing business area near one of its major parks. The city also boasts a historic district, a ballet school, and music and theater venues.
Sales Tax on Gold and Silver in Frederick
Any items not specifically exempted in the state of Maryland are subject to a 6% sales tax. As a result, all purchases of copper, items made out of silver and gold, numismatic coins, and precious metal items that are not currency are all subject to the state sales tax.
However, any purchases of gold and silver bullion or coins that exceed $1,000 are exempt from the sales tax.
Local Gold and Silver Dealers in Frederick
Baltimore Gold of Frederick
With 30 years in the business, Baltimore Gold of Frederick offers customers a wide selection of coins, diamonds, jewelry, and more.
110 N. Market St.
Frederick, MD 21701
Foreman’s Rare Coins
Foreman’s Rare Coins has been buying and selling a wide selection of U.S. coins and currency since 1983. This PCGS and NCG authorized dealer also offers appraisals, assistance with selling whole collections, and the opportunity to purchase a wide range of collecting supplies.
101 West Main Street
Waynesboro, PA 17268
Frederick Coin Exchange
The Frederick Coin Exchange specializes in wholesale inventory, and offers gold, silver, coins, and currency to customers.
20 N. East St.
Frederick, MD 21701
Gold Buyers at the Mall
Gold Buyers at the Mall specializes in purchasing a wide variety of gold items, as well as some silver, gold, bullion, and flatware.
Frederick, MD 21703
Liberty Gold and Coin ExchangeLiberty Gold and Coin Exchange is a buyer and seller of precious metals, coins, bars, rounds, jewelry, and flatware. They specialize in selling U.S. coins of any age, as well as gold and silver bullion and rounds. The business will make house calls to look at items customers may want to sell.
6235 Sykesville Road
Eldersburg, MD 21784
Thanks for reading our guide to buying gold and silver bullion and coins in Frederick, MD. If you know of any other coin or bullion shops in Frederick, please contact us at Metals.com so we can update our directory.