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Making Gold and Silver Purchases in Missouri

Missouri is the 18th most populous state in the country, with over six million residents. Nicknamed the “Show Me State,” it is the 21st largest in terms of area and features the Mississippi River as its eastern border as well as the Ozarks in the south, a forested area providing timber minerals and recreation.

Originally a part of the Louisiana territory, the French sold the land to the U.S. as part of the Louisiana Purchase in 1803 for $15 million. An important part of the country’s westward expansion, as indicated by the Gateway Arch in St. Louis, Missouri features elements of the Midwest as well as the South. The state is known as central locations for food such as St. Louis-style barbecue as well as musical styles such as ragtime and Kansas City jazz.

Several well-known people were born and/or raised in Missouri, including President Harry S. Truman, Mark Twain, Walt Disney, and Chuck Berry. The state is home to several major corporations, including Monsanto, Emerson Electric, H&R Block, Edward Jones, and O’Reilly Auto Parts.

In addition, Missouri features diverse flora and fauna and has a large amount of fresh water because of the Mississippi River, Missouri River and the Lake of the Ozarks. The northern part of the state has picturesque rolling hills while the southern part of the state is home to the Central U.S. hardwood forest with numerous Oak and Hickory trees.

Missouri boasts a vast state-wide public university system; the University of Missouri. Specific institutions include the University of Missouri in Columbia, the University of Missouri-Kansas City and in St. Louis, and Missouri University of Science and Technology in Rolla. In addition to the state-wide system, there are also Northwestern Missouri State, University of Central Missouri and Truman State University.

Sales Tax on Gold and Silver in Missouri

Missouri’s sales tax is 4.225% for most items. Regarding sales tax of precious metals, Missouri has started the process of eliminating those taxes. According to Section 144.815.1, bullion and investment coins are "specifically exempted from all local sales taxes."

The statute defines bullion as "gold, silver, platinum, or palladium in a bulk state, where its value depends on its content rather than its form, with a purity of not less than nine hundred parts per one thousand."

Local Gold and Silver Dealers in Missouri

If you are looking for coin shops in specific cities located in the state of Missouri, be sure to check out our other local directory pages:

Local coin shops in Kansas City, MO
Local coin shops in St. Louis, MO
Local coin shops in Springfield, MO
Local coin shops in Columbia, MO
Local coin shops in Independence, MO