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Making Gold and Silver Purchases in Tennessee

Located in the southeastern region of the country, Tennessee is the 36th largest and 16th most populated state in the U.S. The state is bordered by Kentucky to the north, Georgia, Alabama and Mississippi to the south, Virginia toward the northeast and Arkansas and Missouri to the west and northwest, respectively.

The Appalachian Mountains play a prominent role in the state in the east while the Mississippi River borders the state’s western side. Tennessee has a population of 6.7 million and its capital is Nashville, the country music hub for the U.S.

Tennessee has major industrial development in the areas of agriculture, manufacturing and tourism. The state’s main agricultural products are poultry, soybeans and cattle while its main manufacturing exports are chemicals, transportation equipment and electrical equipment.

Major tourist attractions in the state include the Chattanooga-based Tennessee Aquarium, Dollywood in nearby Pigeon Forge, Ripley’s Aquarium of the Smokies, The Parthenon (a full-scale replica of the original Parthenon in Athens, Greece), the Country Music Hall of Fame and Museum and the Jack Daniel’s Distillery.

The first British settlement in the Tennessee area was in 1756 and was admitted as the 16th state into the Union in 1796. Tennessee fought on the side of the Confederacy during the American Civil War, although a large number of residents from the state fought on both sides of the conflict.

During the second world war, the availability of abundant TVA electrical power in the area led to the U.S. government locating one of the principle sites for production and isolation of weapons-grade fissile material as part of the Manhattan Project. The City of Oak Ridge, TN was a planned community initially designed to house those working on the Manhattan Project.

Sales Tax on Gold and Silver in Tennessee

Tennessee has a sales tax of 7% and that include sales of coins and bullion, though there are some exemptions on coins that are “traded for their intrinsic precious metal value” or for their “collectible value.”

Make sure to check the sales tax on sales of precious metals and bullion when purchasing in the state of Tennessee.

Local Gold and Silver Dealers in Tennessee

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

Local coin shops in Memphis, TN
Local coin shops in Nashville, TN
Local coin shops in Chattanooga, TN
Local coin shops in Knoxville, TN
Local coin shops in Clarksville, TN
Local coin shops in Murfreesboro, GA