Jake Miller
If you're looking to buy gold coins in Hawaii, you're in luck! The island state has a range of coin shops and bullion dealers, most of which are concentrated in Honolulu, the capital and largest city. With no state sales tax, Hawaii offers a tax-friendly environment for investors looking to buy gold and silver bullion. However, it's important to note that Hawaii charges a 4% General Excise Tax (GET) on retail businesses, which may be passed on to customers in the form of higher prices. While there are no specific mentions of the Bank of Hawaii buying gold coins, several dealers in the state specialize in gold coins and bullion, including Waikiki Gold and Silver, Captain Cook Coin Company, and Hawaiian Islands Stamp and Coin.
| Characteristics | Values |
|---|---|
| Gold coin shops in Hawaii | Hawaiian Islands Stamp and Coin, Captain Cook Coin Company, Waikiki Gold and Silver, ABC GT Coins, Kama'aina Metals and Jewelry, JM Bullion, CBMint LLC, APMEX |
| Gold coin types | Rare US and world coins, ancient Chinese coins, rare pre-statehood Hawaiian coins, proof coins, mint sets, certified coins, paper money, banknotes, military payment certificates, gold bars, coins, Civil War tokens, love tokens, rare Hawaiian and US coins, gold bullion |
| Gold coin buying process | In-store, online |
| Gold coin taxes | Hawaii does not have a state sales tax but charges a 4% General Excise Tax (GET) on gold and silver bullion products. Local municipalities may charge additional taxes on bullion purchases. |
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What You'll Learn
Gold coin dealers in Hawaii
Most of Hawaii's coin shops are in Honolulu, the state's capital and largest city, but there are also a few scattered across the islands. Here are some of the gold coin dealers in Hawaii:
ABC GT Coins
ABC GT Coins has been buying collectibles, coins, and bullion for over 51 years on Oahu. The company specializes in paying the highest possible price for silver coins and bars, rare certified coins, and other valuables. Customers have praised the company for its trustworthiness, knowledge of the industry, and reasonable prices. ABC GT Coins is located at 2051 Young St. #13, Honolulu, HI 96826, and can be contacted at (808) 531-2702.
Captain Cook Coin Company
Located in Honolulu, Captain Cook Coin Company is one of the best coin shops in Hawaii, specializing in rare and historic coins, including old Hawaiian coins. The company is owned by Craig Watanabe, who provides numismatic expertise, and his wife, Sandra, who appraises jewelry and vintage estate items. Captain Cook Coin Company is an authorized dealer for the ANA, PCGS, NGC, and ANACS and has been in business for over 30 years. They can be found at 2051 Young Street #13, Honolulu, HI 96826, and reached at (808) 531-2702.
Hawaiian Islands Stamp & Coin
Hawaiian Islands Stamp & Coin has been in business since 1973, appraising, authenticating, buying, and selling collectibles from across Hawaii and the world. The company is a contributor to many numismatic publications and an authority on Hawaiian coins, medals, and other exonumia specific to the island. They buy and sell bullion and numismatic coins, including Morgan Silver Dollars, pre-1933 Gold, American Eagles, and other well-known coins. Their address is 1111 Bishop St., Honolulu, HI 96813, and their phone number is (808) 531-6251.
Kama'aina Metals and Jewelry
Kama'aina is a precious metal dealer that has been buying jewelry and precious metal scrap in Hawaii for over three decades. They focus on gold, silver, and platinum jewelry and bullion, with a small selection of coins chosen for their precious metal content rather than numismatic value. Kama'aina has a coin and bullion advisor on staff to assist with investment decisions and features an on-site museum of antique jewelry. They are located at Windward City Shopping Center, 45-480 Kaneohe Bay Drive, Kaneohe, HI 96744, and can be contacted at (808) 721-1799.
Oahu's Island Gold and Silver
Oahu's Island Gold and Silver is one of the largest buyers of precious metals on the island. They publish their per-gram prices for gold and silver on their website, but customers must call the office for up-to-date pricing. No appointment is necessary to sell gold or silver at this location.
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Buying gold coins online in Hawaii
If you're looking to buy gold coins online in Hawaii, there are a few things to keep in mind. Firstly, Hawaii is the only US state made up entirely of islands, and most of the state's coin shops are concentrated in its capital, Honolulu, on the island of Oahu. This means that, for those living on other islands, buying gold coins online may be a more convenient option.
When purchasing gold coins online in Hawaii, it's important to be aware of the taxes involved. While Hawaii does not have a state sales tax, it does charge a 4% General Excise Tax (GET) on retail businesses, which is often passed on to the customer in the form of higher prices. Some local municipalities also charge additional taxes on bullion purchases. However, if you choose to buy from an online dealer based outside of Hawaii, such as CBMint LLC or JM Bullion, you may be able to avoid paying these taxes.
There are several reputable online dealers that offer gold coins and bullion for sale in Hawaii. CBMint LLC, for example, boasts a wide selection of rare US and world coins, including ancient Chinese coins and rare, pre-statehood Hawaiian coins. They also offer a range of gold and silver bullion products, including bars, coins, and rounds. Another option is JM Bullion, which offers free shipping on orders over $199 and immediate delivery.
If you're specifically interested in rare or historic coins, Captain Cook Coin Company, located on Oahu, may be worth considering. They specialize in rare and historic coins, including old Hawaiian coins, and are authorized dealers of several major coin grading services. However, they operate by appointment only.
For those seeking a wider variety of bullion products, Oahu's Island Gold and Silver offers a range of fine silver and gold bullion, including American Eagles, world gold coins, and bullion bars and rounds. They publish their per-gram prices for gold and silver on their website, but it's recommended to call for up-to-the-minute pricing.
In conclusion, when buying gold coins online in Hawaii, it's important to consider the taxes involved and choose a reputable dealer that suits your specific interests, whether that's rare coins or a diverse selection of bullion products.
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Taxes on gold coin purchases in Hawaii
Hawaii does not have a sales tax, but it does charge a General Excise Tax (GET) on gold and silver bullion products. The current excise tax in Hawaii is 4%, but local municipalities may charge additional taxes on bullion purchases. The GET is levied on retail businesses that sell goods and services, but in practice, many businesses pass these taxes onto customers by increasing the price of their products. This makes it challenging to obtain "tax-free" precious metals. However, buying in bulk can increase the seller's margin, potentially allowing buyers to negotiate a discount that effectively removes the GET.
The Federal Capital Gains Tax, which applies to all states, is another tax consideration for gold coin purchases in Hawaii. Precious metals are classified as "collectibles" under US tax law, and individuals are expected to declare any gains from their sale in their tax reports. The Federal Capital Gains Tax rate can go as high as 28%, depending on the individual's personal income.
It is important for buyers to be aware of these tax implications when purchasing gold coins or bullion in Hawaii, as they can significantly impact the overall cost. Additionally, when buying from online dealers based outside of Hawaii, such as CBMint, customers may be able to avoid paying the GET, but they should still expect to pay any applicable sales taxes.
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Rare gold coins in Hawaii
Hawaii has a diverse ecology, vibrant culture, sunny climate, and abundant beaches. It is the only US state entirely made up of islands. Honolulu, located on the island of Oahu, is the capital and largest city of Hawaii and most of the state's coin shops can be found here.
Hawaiian Islands Stamp and Coin, located in Honolulu, is one of the best coin dealers in Hawaii. They feature a huge selection of rare US and world coins, including ancient Chinese coins and rare, pre-statehood Hawaiian coins. Their eclectic collection also includes proof coins, mint sets, certified coins, paper money, banknotes, and military payment certificates. They also have a large bullion selection, featuring gold and silver bars, coins, and rounds.
Captain Cook Coin Company, located on Oahu, has been one of the best coin shops in Hawaii for over 30 years. They specialize in rare and historic coins, including old Hawaiian coins. They are an authorized PCGS, NGC, ANA, and ANACS dealer and do buy coins and other numismatic items from the public, by appointment only.
Kama'aina is another precious metal dealer that has been buying jewelry and precious metal scrap in Hawaii for over three decades. Their selection of precious metals focuses on gold, silver, and platinum jewelry and bullion, with a small selection of coins also available. The coins sold through Kama'aina are typically chosen for their precious metal content rather than numismatic value or rarity. They have a coin and bullion advisor on staff to help with investment decisions. With a museum of antique jewelry on-site, Kama'aina Metals and Jewelry is a popular showroom for those looking to browse unique forms of precious metal.
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Gold coin shops in Honolulu
Honolulu, Hawaii's capital and largest city, is home to most of the state's coin shops. Hawaiian Islands Stamp & Coin, located on Bishop Street, has been in business since 1973, appraising, authenticating, buying, and selling collectibles from across Hawaii and the world. The shop is a contributor to several numismatic publications and is an authority on Hawaiian coins, medals, and other exonumia specific to the island. They offer a large selection of bullion and numismatic coins, including pre-1933 Gold, Morgan Silver Dollars, and American Eagles.
Captain Cook Coin Company, located on Young Street in Honolulu, is another well-known coin dealer in the city. They specialize in rare and historic coins, including old Hawaiian coins, Civil War tokens, love tokens, and rare U.S. coins. The company is an authorized PCGS, NGC, ANA, and ANACS dealer and buys coins and other numismatic items from the public by appointment only.
ABC GT Coins, while lacking a physical address in the provided sources, is mentioned as a reputable dealer in Honolulu. Gary, the owner, is described as honest, trustworthy, and knowledgeable. He offers reasonable prices and takes the time to explain the worth of customers' items.
Kama'aina Metals and Jewelry is a precious metal dealer located in the Windward City Shopping Center in Kaneohe, HI. They have been buying jewelry and precious metal scrap for over three decades, with a focus on gold, silver, and platinum jewelry and bullion. They also offer a small selection of coins chosen for their precious metal content. The showroom features a museum of antique jewelry, making it a unique destination for those interested in browsing and purchasing unique forms of precious metals.
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