Banks That Sell Gold Coins? Answered (+ Other Places That Sell Gold)

Short Answer

Banks in the U.S. typically do not sell gold coins. One retail bank, the New England-based Leader Bank, sells gold bullion. You can also find reputable gold sellers online and through the U.S. Mint’s list of gold bullion dealers. For more details on how to buy gold, see below.

Which Banks Sell Gold?

As a general rule, banks in the U.S. do not sell gold bullion or gold coins. Banks tend to avoid selling gold due to its price fluctuations, which make it more volatile and risky for the bank to handle, representatives for Fifth Third Bank said. As noted by the Federal Trade Commission, prices fluctuate daily based on the current market price of gold.

We contacted 17 nationwide and regional banks; the only bank we found that sells gold bullion coins and/or bars was Leader Bank. A regional bank based in New England, Leader Bank sells gold bullion at its seven branch locations.

Banks That Do Not Sell Gold Coins

During our research, we contacted major and regional U.S. banks to determine whether or not they sold gold bullion as coins or in other forms. None of the following banks sell gold bullion:

Bank of America
Bank of the Ozarks
BB&T
Chase Bank
Citibank
East West Bank
Fifth Third Bank
First Merchants Bank
Flagstar Bank
HSBC
People’s United Bank
PNC Bank
SunTrust Bank
TD Bank
U.S. Bank
Wells Fargo

Other Places That Sell Gold

The U.S. Mint publishes a list of gold bullion dealers across the country. The Mint stresses that “the companies that appear on this list are neither affiliated with, nor are they official dealers of, the United States Mint.” You can also buy gold online. Some well-known, internet-based gold vendors include:

Note that the U.S. Mint doesn’t directly sell gold bullion, but it does offer proof coins. Bullion coins are investment coins with value based on their gold or silver bullion content, while the value of proof coins comes from their collectability, not the market value of the metal.

Prior to buying any gold, you should know its market price, also known as its spot rate. You can find current prices at Bloomberg or the World Gold Council. You may also want to check out our article about how much 12-karat gold is worth.