Making Gold and Silver Purchases in South Dakota

South Dakota is located in the midwestern and northern regions of the United States and is named after the indigenous peoples of the Lakota and Dakota Sioux tribes.

Much of it was originally part of the Louisiana territory the U.S. purchased from France in 1803. South Dakota is the 17th largest state in terms of area, was admitted into the Union in 1889 and has a population of approximately 870,000 residents.

The two largest cities in the state are Sioux Falls and Rapid City and there are a number of events annually that celebrate the state’s ethnic and historical legacy.

Sales Tax on Gold and Silver in South Dakota

South Dakota has implemented a tax exemption for the sale of coins, currency or bullion (bullion being defined as "any bar, ingot, or commemorative medallion of gold, silver, platinum, palladium, or a combination of these metals where the value of the metal depends on its content and not the form.")

Local Gold and Silver Dealers in South Dakota

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

Local coin shops in Sioux Falls, SD
Local coin shops in Rapid City, SD