Making Gold and Silver Purchases in Alaska

The largest state in the United States in terms of land area, Alaska was organized as a territory in 1912 and was admitted as the 49th state to the Union in 1959. The state has a population of 740,000 is known for fishing, natural gas, and oil. The United States purchased Alaska from Russia in 1867 for the sum of $7.2 million.

For a time, the purchase was known as Seward’s Folly, after the U.S. Secretary of State who negotiated the deal with Russia. Oil was discovered at Prudhoe Bay in 1968 and creation of the Trans-Alaska Pipeline soon led to an oil boom. The largest city in Alaska is Anchorage while the capital is Juneau.

Sales Tax on Gold and Silver in Alaska

While some local jurisdictions impose a local sales tax on gold and silver purchases, the state of Alaska, as a whole, does not and deems gold and silver purchases to be tax-free.

Local Gold and Silver Dealers in Alaska

For those interested in coin shops in specific cities located in Alaska, you can find helpful information via our other local directory pages:

Local coin shops in Anchorage, AK