Making Gold and Silver Purchases in Connecticut
Connecticut is one of the six states that lie in the New England region of the United States. It borders the states of New York, Rhode Island and Massachusetts and enjoys many nicknames, including “the Constitution State”, “the Nutmeg State”, and “the Provisions State”.
Its actual name is derived from the Connecticut River, which flows south through the state, emptying in the Long Island Sound. The term “Connecticut” is an Anglicization of the Native American word quinetucket, which means “besides the long, tidal river.”
With an overall area of just 5,567 square miles, the state is relatively small. It is the third smallest – the 48th largest – by geographical size. Its population of 3.6 million (2017 est.) makes it the 29th most populous state in the Union.
Connecticut is divided into eight counties, which unlike all other states except Rhode Island, do not have governmental authority. Government, in Connecticut, is seated in the towns and cities. The capital of Connecticut is Hartford, although its most populous city is Bridgeport.
Sales Tax on Gold and Silver in Connecticut
The statewide sales and use tax rate in Connecticut is 6.35%. This is likely to be the total tax charged since the major towns and cities do not impose local taxes.
Since 2011, Connecticut has had an “Amazon law”, which requires e-commerce businesses with associated entities or offices located within the state to collect and remit sales tax on items shipped to Connecticut residents. Generally, transactions in coin and precious metals will be exempted from sales and use taxes provided their value exceeds $1,000.
Local Gold and Silver Dealers in ConnecticutIf you are looking for coin shops in specific cities located in the state of Connecticut be sure to check out our other local directory pages:
• Local coin shops in Bridgeport, CT
• Local coin shops in New Haven, CT
• Local coin shops in Stamford, CT
• Local coin shops in Hartford, CT
• Local coin shops in Waterbury, CT