Madison, WI, stands as a liberal bastion in a political swing state, and as the geographically beautiful capital of the state of Wisconsin. The city is separated into east and west by an isthmus lying between Lake Monona and Lake Mendota, giving it geography defined by lakeside beauty, parks, bike trails, and more.
As the second most populous city in the state, Madison boasted a 2017 population of 255,214 residents and is part of a larger metropolitan area of 568,593. Despite not being the largest city in Wisconsin (with that honor belonging to Milwaukee), Madison holds a place of honor as the state’s capital, a position it has held since 1848.
The city’s two largest employers and drivers of its economy have been central to Madison since the early days as well—The University of Wisconsin and the state government. An economic boom is beginning to diversify the city’s economy, but those two entities remain its most central economic influences today.
Sales Tax on Gold and Silver in Madison
Wisconsin’s state sales tax is 5%. Items that qualify as “tangible property,” including some precious metal items like gold and silver bullion, are also subject to this sales tax.
In fact, within the state, there are no precious metal exceptions to the sales tax. This means that all numismatic collectibles, currency, coins, and other purchases of gold and silver and other precious metals are subject to the state sales tax.
Local Gold and Silver Dealers in Madison
Capital City Coins & Jewelry
With specialization in both jewelry and coins, Capital City Coins & Jewelry can rightfully be called “Madison’s Most Unique Coin & Jewelry Store.” Capital offers an inventory of gold and silver coins, rare coins, gold and silver bullion, and more.
6025 Monona Dr.
Madison, WI 53716
Collectors Choice Coins by Forever Yours Jewelry
Founded in 1988, this division of Forever Yours Jewelry sells a variety of U.S. and foreign coins and collecting supplies. In addition, Collectors Choice Coins provides insight for collectors and both buys and appraises coins.
211 E. Main Street
Sun Prairie, WI 53590
Jim’s Coins and Stamps
Jim’s Coins and Stamps specializes in offering appraisals and in dealing in mint errors, U.S. coins, and bullion, but they will buy any type of coin, as well as gold and silver.
702 N. Midvale Blvd.
Madison, WI 53703
Madison Coin & Stamp
Madison Coin & Stamp, as its name implies, sells an inventory of both stamps and coins for collectors and investors.
1123 S. Park St.
Madison, WI 53715
Rick’s Olde Gold of MadisonMore than 20 years of experience allow Rick’s Old Gold shop to confidently buy and sell an ever-changing selection of rare coins, precious metal bullion, and other collectibles.
1314 Williamson Street
Thanks for reading our guide to buying gold and silver bullion and coins in Madison, WI. If you know of any other coin or bullion shops in the city of Madison, please contact us at Metals.com so we can update our directory.