Local Coin Shop in Minnesota
Priced against local competition and the shop's own inventory needs that week; strongest on the bullion they turn over fastest.
Minnesota statewide buy & sell guide
Where to Sell (or Buy) Gold, Silver & Platinum in Minnesota
Coins, jewelry, dental gold & scrap
Find a coin shop or gold buyer in Minnesota, see what Minnesota law requires when you sell in person, and buy bullion at live prices. We are not taking mail-in kits from Minnesota right now.
We are temporarily not buying by mail from Minnesota. Our mail-in kits are paused there for now. The local shops and state rules on this page still apply if you sell in person.
By the Accurate Precious Metals Refineries appraisal team · Updated · Buying nationwide since 2012 · A+ BBB
- In-person resale hold
- 14 days
- Jewelry and other secondhand items containing gold, silver or platinum; coins exempt Source ›
- Sales tax on bullion
- Exempt (bars and rounds)
- Bars and rounds of 99.9% or purer gold, silver, platinum or palladium, marked with weight, purity and content (Minn. Stat. 297A.67, subd. 34). · 6.875% state, up to 9.875% in areas with the highest local add-ons Source ›
- State tax on gains
- Yes
- Taxed as ordinary income on the state return; federal collectibles rate (up to 28%) also applies. Source ›
Three Ways to Sell in Minnesota
Minnesota licenses walk-in jewelry buyers by county, requires them to pay by check or a similar draft rather than cash, and has them hold jewelry and other gold, silver or platinum items 14 days before reselling, while coins and bullion fall outside that law. Bars and rounds are free of sales tax when you buy, but coins and jewelry are taxed, so here are the three ways Minnesotans sell and what each one involves.
Jeweler or "We Buy Gold" Storefront
Many retail jewelers do not buy jewelry back, even pieces they sold you. The ones that do usually pass scrap on to a refiner and price in their own margin and a showroom's overhead.
Pawn Shop
Pawn shops do buy gold, silver and coins outright, but the offer is built around quick resale and loan economics, so it is generally the lowest offer of any channel.
| Metal & Purity | Highest Price |
|---|---|
| 10k gold (41.7%) per gram | $54.38 |
| 14k gold (58.3%) per gram | $76.13 |
| 18k gold (75%) per gram | $97.88 |
| 24k gold / .999 bullion per gram | $130.51 |
| Sterling silver (92.5%) per gram | $1.73 |
| Platinum PT950 per gram | $49.39 |
This is the highest price at today's market. It is not a quote, and we are not offering you this price.
Highest price today
What Your Metal Is Worth Today
These figures are the highest price at today's market. It is not a quote, and we are not offering you this price. Right now gold spot is $4,142.19 per troy ounce, silver $59.51 and platinum $1,650.09. Weigh your pieces and multiply by the figure in the table. Your actual offer comes after we test the weight and purity. Spot price charts.
Live spot from our price feed; refreshed continuously. These figures leave out any premium for collectible coins or jewelry we can resell. We price those separately.
Sell in person
Coin Shops & Gold Buyers in Minnesota
Five walk-in buyers in St Louis Park, Plymouth, Burnsville, Rochester and St. Louis Park. Call ahead, bring photo ID, and ask for the weight, purity and spot price behind any quote so you can compare it with ours. Open in Google Maps
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Coin shop in St Louis Park, MN
Midwest Coin and Jewelry
4301 MN-7 #120, St Louis Park, MN 55416 (612) 429-6777 -
Coin shop in Plymouth, MN
Crystal Coin & Collectibles
10910 S Shore Dr, Plymouth, MN 55441 (763) 535-1599 -
Coin shop in Burnsville, MN
Great Lakes Coins & Collectibles
14321 Nicollet Ct #375, Burnsville, MN 55306 (952) 657-5283 -
Coin shop in Rochester, MN
Med City Coin and Bullion
310 Elton Hills Dr NW, Rochester, MN 55901 (507) 258-6688 -
Gold buyer in St. Louis Park, MN
Minnesota Gold and Silver Exchange
3001 Utah Ave S, St. Louis Park, MN 55426 (952) 207-2095
Listings are for comparison and are not endorsements; we have no relationship with these businesses. Verify hours, licensing and buy prices directly. Run a coin shop in Minnesota or buy gold from the public? Apply to be listed.
Real customer reviews
What Our Customers Say
Real reviews of Accurate Precious Metals, not the coin shops listed above.
These guys have always been awesome, great deals to be had. Always fair and always quick. I recommend visiting and purchasing silver and gold from these guys anytime.
Knowledgeable and personal service when we were selling previous metals and scrap silver flatware from our estate. Trent was very patient explaining the process and answering our many questions. We felt welcomed upon e...
Our appointment with Trent was to process some estate precious metal and silverware. We were welcomed in to the secure building and greeted immediately. Trent was polite and attentive to our questions and the handling...
Minnesota selling rules & taxes
Selling Gold in Minnesota: What the Law Requires
The rules for selling come first: what applies when you mail your items to us, and what a shop inside Minnesota must do when you sell in person. The tax picture follows. Each card cites the statute or agency it comes from; open a card for the detail. Last verified October 5, 2026. This is general information, not tax or legal advice.
Selling by mail · out of state
Paused for nowWhat applies when I sell by mail from Minnesota?
We are not accepting mail-in kits from Minnesota for now.
Selling in Minnesota · in-state shops
14 days holdWhat do Minnesota shops require when I sell in person?
Minnesota jewelry buyers need a county license, must see a photo ID, pay by check or a similar draft rather than cash and hold items 14 days (31 at a pawnshop); coins, bullion and ingots are outside the dealer law.
Minnesota regulates walk-in gold buyers as precious metal dealers under Minn. Stat. 325F.731 to 325F.744: anyone in the business of buying secondhand items containing more than one percent gold, silver or platinum, such as jewelry, watches, flatware and candlesticks. Each dealer needs a one-year license from the county auditor that covers only the locations named on it, must post the minimum per-ounce prices it pays with a notice that offers are based on melt value, and must weigh your items in plain sight on state-approved scales. Transactions in coins, bullion and ingots are excluded from the law entirely.
You show an ID card with your picture and address, and the dealer records each item, the amount paid, the date and your ID details in an ink ledger open to police. Payment must be made by check, draft or a similar instrument drawn on a financial institution, not cash. The dealer then keeps each item unaltered for at least 14 days, and the sheriff or police chief can order a longer hold on an item believed stolen. No dealer may buy from anyone under 18 unless a parent or guardian is present and recorded, and violations are a felony.
Pawnshops follow Minn. Stat. chapter 325J: they record your Minnesota driver's license or ID, or another state's photo ID, have you sign the ticket, keep the record three years, refuse anyone under 18, and keep goods they buy outright on the premises for 31 days.
Sources: Minn. Stat. 325F.731 to 325F.744: Precious metal dealers (Minnesota Revisor of Statutes); Minn. Stat. 325J.08: Pawnbroker records and prohibitions (Minnesota Revisor of Statutes)
Sales tax
Partly exemptIs there sales tax on gold, silver and platinum in Minnesota?
Minnesota exempts high-purity bars and rounds from sales tax; coins and jewelry are taxed.
Minn. Stat. 297A.67, subd. 34 exempts bars and rounds that are at least 99.9% gold, silver, platinum or palladium and marked with weight, purity and content. Coins are not covered, and jewelry, works of art and scrap are expressly excluded, so they are taxed at the 6.875% state rate plus any local tax.
When you sell: sales tax is a buyer's cost, not yours. You pay no Minnesota sales tax when you sell your gold, silver or platinum.
Sources: Minn. Stat. 297A.67, subd. 34: Precious metal bullion exemption (Minnesota Revisor of Statutes); Minn. Stat. 297A.62: Sales tax rates (Minnesota Revisor of Statutes)
Capital gains
State income tax appliesDoes Minnesota tax the profit when I sell precious metals?
Minnesota taxes precious-metals gains as ordinary income, with no exclusion.
Minnesota taxes individual income at 5.35% to 9.85% (Minn. Stat. 290.06, subd. 2c), and a gain on gold, silver or platinum is taxed at those regular rates, with an extra 1% on net investment income above 1,000,000 dollars (Minn. Stat. 290.033); the state has no subtraction for capital gains or precious metals.
Federal rules still apply: the IRS taxes physical precious metals as collectibles, with gains on metal held more than a year capped at 28% and gains on metal held a year or less taxed as ordinary income. Inherited metal generally uses its value on the date of death as its cost basis. We are not tax advisers, so check with yours before you file.
Source: Minn. Stat. 290.06: Individual income tax rates (Minnesota Revisor of Statutes)
Sound money
Not recognizedAre gold and silver legal tender in Minnesota?
Minnesota does not recognize gold or silver as legal tender.
Minnesota has no statute recognizing gold or silver coin as legal tender. That changes nothing about selling: buyers price metal off the live spot market, not face value.
Buying Bullion in Minnesota Instead?
Looking to buy rather than sell? Many coin shops sell bullion over the counter, and we stock gold, silver and platinum coins and bars at live-priced premiums with insured delivery to Minnesota addresses. Minnesota exempts some bullion purchases from sales tax but not others (see the tax rules above), so check whether your specific order qualifies before choosing a local shop over an online dealer. Prices lock at checkout.
Good to know
Questions from Minnesota Sellers
Straight answers on price, payment and safety for Minnesota sellers.
For bullion coins and bars, a reputable coin shop is usually the strongest local bid. We list 5 shops in St Louis Park, Plymouth, Burnsville, Rochester and St. Louis Park above. For jewelry and scrap, get quotes from two or three buyers and ask each for the weight, the karat and the spot price behind the number so you can compare them. Many jewelers do not buy jewelry back, and pawn shops price around quick resale, so they tend to bid lowest.
Not right now. We have paused mail-in kits from Minnesota for now. Until then, the shops and the state rules on this page are the best way to sell locally. We still sell bullion online at live prices.
A current government photo ID, and only items that are yours to sell. Separate pieces by karat if you can (10k, 14k, 18k and so on are stamped inside rings and on clasps), and know today's spot price so you can check any offer against it.
Some Minnesota coin shops and jewelers will not take dental work or will price it as low-karat gold. Ask whether a buyer tests for platinum and palladium, which dental alloys often contain, before you accept a quote.
Yes. Look for PT950, PT900, PLAT or 950 stamps. Some shops lack a platinum test and quote it as white gold, which undervalues it badly, so ask how they will test it.
Yes. Our shop prices gold, silver and platinum off the live market, and the price locks at checkout.
In a Nearby State?
Shop Gold, Silver & Platinum Bullion at Live Prices
We are not taking mail-in kits from Minnesota right now. Our bullion prices follow the live market and lock at checkout. Call (503) 400-5608 with any question.
