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New South Wales

Category: New South Wales Bullion Dealers / Gold Dealers

Click NSW gold dealer listings for reviews, info, map & contact details.
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Buying Gold and Silver in New South Wales

With 21 NSW gold and silver dealers currently listed in the directory, 10 numismatic dealers, 4 mints / refiners and 4 scrap gold buyers, New South Wales is the best-covered Australian territory when it comes to buying or selling precious metals.

Scoring highly not only on choice – but quality – New South Wales is home to the Bullion.Directory Bullion Dealer of the Year 2016 Australian Winners, ABC Bullion.

Cementing New South Wales’ reputation as Australia’s Gold Territory, the territory is home to 6 large-scale gold mines, second only to Western Australia for annual output.

Buying from NSW Gold Dealers

Due to the large sums involved in gold and silver buying investment bullion from gold dealers in New South Wales should be undertaken with care, and due diligence, especially when buying from a new dealer for the first time.

Investigate the dealer’s reputation online if possible, by reading reviews either here at Bullion.Directory or on other general business review websites, such as Examine consumer protection advice at NSW Fair Trading and review listings or request advice from the NSW Business Chamber – you may be surprised at what you learn. The Australian Securities and Investments Commission can also be a useful source of information when investigating your selected gold dealer.

Finally, after you’ve completed your purchase please add to our New South Wales gold dealer reviews, by rating and reviewing your chosen company above – this will help future investors best select a local gold dealer best suited to their needs.

Are Bullion Sales Taxed in NSW?bullion sale tax

Most investment-grade precious metal bullion in Australia is exempt from GST provided the precious metals are refined to a minimum purity of 99.50% for gold, 99.9% for silver and 99% purity for platinum.

Full details of precious metals in relation to GST can be found in the Goods and Services Tax Ruling GSTR 2003/10 – also available as a pdf.

Note that palladium products ARE subject to GST because the ruling states “No regulations have been made to specify any other substance. To be precious metal for GST purposes, the metal must therefore be gold, silver or platinum”.

Numismatic coins are not exempt from GST as they are valued on factors other than the precious metals content.

For bullion and coins that fall outside of these purities or for numismatic coins, GST is payable at 10% – currently there is no local GST in New South Wales.

Investment grade bullion bars and coins are liable to Capital Gains Tax within NSW as they are across Australia, with a 50% reduction on the prevailing rate for bullion that has been held for a year or longer.

Have we missed out a gold dealer in New South Wales? Do you run an unlisted company? Please request we add it here – All standard listings are 100% free!

IMPORTANT: The above tax details are listed for information purposes only and are believed correct at time of publication. Bullion.Directory are not tax experts. All enquiries about national and local territory taxes should be addressed to the appropriate local body. Taxes and taxation are subject to change.