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Making Gold and Silver Purchases in Washington

Washington is the only state in the United States of America named in honor of the first former president, George Washington, by act of the United States Congress. It is the 42nd state granted statehood in 1889.

It is surrounded at the North by the Canadian province of British Columbia, to the South by Oregon, to the East by Idaho and to the West by the Pacific Ocean. The state is dotted and divided by a multitude of mountains. It is divided into two parts, the West referred to as Western Washington while that of the east is known as Eastern Washington.

Washington, with an area of 71,362 square miles (184,827 km2), is the 18th largest state in the United States of America. Also, with a population of more than 7.4 million people living within the 71,362 square miles, it is the 13th most densely populated state. In the Western United States of America, it is the third most populous state trailing Hawaii and California. It is known to be so populous due to its diversity and the equal opportunity it offers to dwellers.

Washington is vast of natural resources that have contributed to its economic and infrastructural growth. The state's fruit is the apple and in 2010, Washington generated revenue of over $1.4 billion from the harvest of this fruit.

This state is also among the leaders in the cultivation and harvesting of red raspberries, sweet cherries, hops, and pears. Livestock farming such as fish farming and dairy farming also account for part of the internally generated revenue of the state.

Sales Tax on Gold and Silver in Washington

In Washington, there is no taxation on the sales of monetized bullion or precious metal bullion. This is legally backed by the Washington Administrative Code 458-20-248, which was promulgated into law and became effective in 1985.

It states, “amounts derived from sales of precious metal bullion and monetized bullion as defined herein are not subject to business and occupation tax under either the wholesaling or retailing classification or to retail sales tax."

Local Gold and Silver Dealers in Washington

Washington houses various local gold and silver dealers’ shops. If you are new to Washington and are looking for the best and reliable gold and silver dealers, check out our local directory page:

Local coin shops in Seattle, WA
Local coin shops in Spokane, WA
Local coin shops in Tacoma, WA
Local coin shops in Vancouver, WA
Local coin shops in Kent, WA
Local coin shops in Everett, WA
Local coin shops in Bellevue, WA