Coinage metal‐promoted 5‐exo and 6‐endo selective cyclization of 2‐(1‐alkynyl)benzaldimines has been studied. It was found that, under gold catalysis, 2‐(1‐alkynyl)benzaldimines exclusively underwent 5‐exo‐dig cyclization processes, followed by oxidation to form N‐aryl 3‐methyleneisoindolin‐1‐ones. In contrast, in the presence of base and under activation of AgOTf, switching of 5‐exo to 6‐endo cyclizations of 2‐(1‐alkynyl)benzaldimines was observed, exclusively giving N‐aryl or N‐alkyl substituted isoquinolinium salts. The two key reaction intermediates, exocyclic vinyl‐Au and the endocyclic vinyl‐Ag species have been isolated and characterized, and a study of their reactivities confirms the plausible mechanisms. Reactions of the resultant 3‐methyleneisoindolin‐1‐ones with benzyne afforded structurally important isoindolinone‐based benzocyclobutenes. Additionally, several interesting transformations of the resultant isoquinolinium salts have been investigated.