Making Gold and Silver Purchases in Indiana
French explorer René-Robert Cavelier, Sieur de La Salle is credited as the first European to cross into the Indiana territory in 1679, followed by French-Canadian fur traders who brought blankets, jewelry, tools, whiskey and weapons to the Native Americans in exchange for trade for skins. European immigrants settled Indiana in the early 19th century, where it was transformed from a frontier into a well-populated, prosperous state.
Nicknamed the Hoosier state, Indiana is a Midwestern state known for its extensive farmland. Indiana was part of the Indiana territory before being added in 1816 as the 19th state, bordering Michigan, Kentucky, and Illinois.
By area, Indiana is the 38th largest and the 17th most populous of the 50 United States with a population of over 6 million. Hoosier Hill is its highest elevation at 1275 ft. It boasts several metropolitan areas with populations greater than 100,000, such as Indianapolis its capital and largest city.
In 2017, Indiana reported a gross state product of $359.12 billion from its diverse economy, which includes agriculture, steel, automobile, medical, chemical and petroleum products. On the recreation side, Indiana has several professional sports teams including the Indianapolis Colts and is perhaps best known as the host of the Indianapolis 500, touted as the world’s largest single-day sporting event.
Sales Tax on Gold and Silver in Indiana
According to the July 2017 Indiana Department of Revenue Information Bulletin #50, "transactions involving the sale of or the lease or rental of storage for certain coins, bullion, or legal tender are exempt from sales tax."
Local Gold and Silver Dealers in IndianaIf you are looking for coin shops in specific cities located in the state of Indiana, be sure to check out our other local directory pages:
• Local coin shops in Indianapolis, IN
• Local coin shops in Fort Wayne, IN
• Local coin shops in Evansville, IN
• Local coin shops in South Bend, IN