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Making Gold and Silver Purchases in Nevada

Located in the western section of the United States, Nevada is the 34th most-populous state in the U.S. but is the 7th largest in terms of land mass. Nevada is known as the “Silver State” due to its role in relation to silver mining.

It is also known as the “Battle Born State” because it gained statehood during the American Civil War. Geographically, Nevada is a mostly desert/arid state, with the Mojave Desert located in the southern area of the state.

Tourism plays a major role in the economy of Nevada, in addition to mining, cattle ranching, printing, food processing, and electrical equipment, gambling plays a major economic role in the state. Some of the largest employers in the state are casinos, including Wynn Las Vegas, the Bellagio, the MGM Grand, and Mandalay Bay, just to name a few.

Nevada features a number of state parks and protected areas, including Red Rock Canyon National Conservation Area, Great Basin National Park, and Mount Charleston. Nevada also has its share of colleges and universities.

The state is home to the Nevada System of Higher Education (NSHE) that oversees all state-supported higher learning institutions. Some of the universities that fall under the jurisdiction of the NSHE is the University of Nevada, Las Vegas, University of Nevada, Reno, Nevada State College, and Great Basin College.

Sales Tax on Gold and Silver in Nevada

Nevada has enacted a sales tax exemption for some precious metals. Precious metal coins, round or bar that contains a value purely due to its precious metal content and does not contain a face value, are exempt from tax.

Those items considered a collectible, such as coins with a face value or with a premium attached to them, are subject to tax.

Local Gold and Silver Dealers in Nevada

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

Local coin shops in Las Vegas, NV
Local coin shops in Henderson, NV
Local coin shops in Reno, NV
Local coin shops in Carson City, NV

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