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

As a general rule, banks in the U.S. don’t 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 15 nationwide and regional banks; only two said that they sell gold bullion coins and/or bars.

TD Bank doesn’t sell gold at its branches but sells it online through its Precious Metals Digital Store.^[1]

A regional bank based in New England, Leader Bank sells gold bullion at its seven branch locations.^[2]

Banks That Don’t 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
Chase Bank
Citibank
East West Bank
Fifth Third Bank
First Merchants Bank
Flagstar Bank
HSBC (Allows you to invest in gold by grams with a Precious Metals Deposit Account)^[3]
People’s United Bank
PNC 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 research on how much 12-karat gold is worth.