Eastern Numismatics: An In-depth Look

Eastern Numismatics International might ring a bell for those passionate about historical coins and metals. Established in 1974, it's been a meeting point for lovers, traders, and enthusiasts alike. The firm extends a hand by providing tools and services tailored for coin enthusiasts and metal artisans. Eastern Numismatics seamlessly lets its customers buy from their website, storefront, or eBay presence.

Through this piece, we aim to guide collectors, traders, and all those intrigued, shedding light on Eastern Numismatics' present standing and its journey over the years.

• Product: Valued Metals

• Head: Eugene Parrella (Captain at the helm)

• Collective Score: 3.⅕

About Eastern Numismatics

Since its foundation in 1974, Eastern Numismatics has thrived as a family-led, comprehensive Rare Coin enterprise, anchoring its presence in Garden City, NY, and Sarasota, Florida. They stand out as one of the country's top sources of gold bullion, distinctive coins, and precious metals.

Catering to a massive clientele that exceeds 500,000 shoppers, Eastern Numismatics prides itself on a team of over 50 specialists. These experts bring wisdom spanning from age-old coins to contemporary pieces. Their reputable standing is affirmed by memberships in esteemed bodies, encompassing the American Numismatic Association, the Better Business Bureau, and the Professional Numismatics Guild.

Their service portfolio is vast, encompassing a Coin Certification Program, Complimentary Coin Evaluations, Affordable Consignment Services, and provisions for Gold IRAs. Furthermore, they're keen buyers of coins, jewelry, U.S. currency notes, diamonds, and many collectibles, including military memorabilia.

Products Offered by Eastern Numismatics

Eastern Numismatics offers the following products to its investors and clients:

Gold Bullion Coins

Gold bullion coins are a top choice for those looking to add variety to their investments. Crafted by esteemed Mints in locations like the USA, Canada, and Australia, each coin comprises one troy ounce of pure gold.

Some notable examples of these coins include:

• American Gold Eagle

• Canadian Maple Leaf

Considering an IRA account? You can include gold bullion coins in it. While they typically come with a higher price tag than gold bars, their resale value remains robust. When ready to part with your gold coins or bars, you can offload them at the going market rate or a touch below, especially during trades or liquidations.

Recognized as their weight and purity gauge legal tender, the worth of gold coins. Their appeal to investors is clear: they present a relatively safe avenue to delve into the world of precious metals.

Silver Bullion Coins

The Numismatic community has long cherished silver coins, tracing back to the initial coinage days. They're budget-friendly, easily accessible, and a cinch to store, positioning them as favorites among investors and avid collectors.

Key offerings in silver bullion include coins, rounds, and bars. The majority of these bullion items trace their origins to U.S. mints.

Popular silver bullion coins to note are:

• The American Silver Eagle

• The Canadian Silver Maple Leaf 

 For those considering IRAs, it's good to know you can incorporate fresh-off-the-mint silver bullion coins and bars into your account.

Gold or Silver Coins: Timeless Choices

The one-dollar coin, prevalent since 1971, stands out as a favored generic coin. Think of coins like the silver eagle or the American buffalo nickel.

Examples of generic gold coins are:

• The American Eagle

• Gold Eagle

• Liberty Dollar

It's worth noting that generic gold or silver coins aren't eligible for inclusion in your IRA account.

Certified U.S. Gold Coins

At the renowned Numismatic Guaranty Corporation (NGC), one of the globe's top coin-grading firms, you can find Certified Gold American Eagles and Gold American Buffalos.

Every certified coin boasts NGC's assurance of authenticity and grading, giving you peace of mind about the safety of your gold assets.

The selection of certified gold coins encompasses options like Proofs and Uncirculated, with many enthusiasts believing the latter to be the most stunning way to acquire and cherish a gold coin.

It's essential to know that certified U.S. gold coins aren't permissible for your IRA account investments.

Key Date Rarities

In Numismatics, the rarity stands out as a significant element. Coins with key dates bear a particular date and distinct mint stamp. Among collectors' most sought-after key dates are the 1792 half-cent, 1804 half dime, 1821 five-dollar gold piece, and the 1855-S silver dollar.

Key date coins receive certification from either NGC or PCGS for their genuine nature and grade.

Key date coins appeal to many investors because they provide a trustworthy avenue to invest in metal

High demand for U.S. coins, coupled with exceptional but restricted mintage, often leads to the release of key dates. These dates often come with set pricing, making them more accessible than coins minted later or earlier in that year.

Territorial & Proof Gold

Territorial gold coins, recognized as legal tender in their issuing nations, were minted primarily for war funding or debt settlement. These coins usually showcase a territorial map, highlighting boundaries and major cities. Gold coins from select countries in Africa, Asia, and South America are sometimes referred to as proofs, even without a mint mark.

Valuable Ancient Coins

Coins from ancient realms, encompassing those of Greece and Rome, are stellar additions to collections. Minted by the ruling powers of historic civilizations like Greece, Rome, and Egypt, their historical and visual allure make them highly sought after. Auction-set prices determine the worth of these ancient gems.

Services by Eastern Numismatics Expertise

Eastern Numismatics guides you through coin grading and encapsulation, being approved partners for all major certification authorities.

Coin Value Analysis & Portfolio Sales

Eastern Numismatics generously provides a Complimentary Oral Appraisal for all gathered coin collections.

Bidding Services

Eastern Numismatics ensures you obtain the best terms from elite auctions when selecting a singular Auction Sale for unburdening your assets. Plus, we offer you a spot in our auction platform, showcasing over 3000 unique items daily.

Safekeeping and Dispatch

Eastern Numismatics collaborates with these recognized custodians adept in safeguarding precious assets:

Gold Star Trust Company

• A premier authority in handling precious metals IRAs nationwide.

•  With two decades of experience, they streamline account setups and maintain top-notch client assistance. 

• This IRA custodian handles an array of metals: gold, silver, platinum, and palladium, ensuring they pass the fineness threshold. 

• Please note Gold Star Trust Company doesn't offer tax or investment insights.

•  As a Self-Directed IRA keepers, they urge clients to be informed and do thorough due diligence before making investment choices.

New Direction IRA, Inc

This entity imparts knowledge on investments and manages records for retirement funds.

Eastern Numismatics dispatches all purchases directly to your designated vault. We've partnered with Diamond State Depository in Northern Delaware to secure your IRA treasures.

Is Eastern Numismatics Truly Authentic?

Since 1974, Eastern Numismatics has established its reputation in the coin and valuable metals industry. They proudly operate from Garden City, NY, and Sarasota, Florida. Esteemed memberships with the American Numismatic Association, Better Business Bureau, and Professional Numismatists Guild further cement their credibility.

Actively participating in significant U.S. trade expos, Eastern Numismatics is recognized in numerous public auctions. They extend precious metal IRA services, enabling customers to broaden their investments while benefiting from IRA tax incentives.

Interestingly, despite their long-standing presence for over 40 years, Eastern Numismatics garners limited customer feedback online.

Guidance for Investors

The Eastern Numismatics International website is a treasure trove for investors, rich in insights about precious metal investments.

If you wish for personalized advice, don't hesitate to contact Eastern Numismatics. Their seasoned coin specialists are eager to guide you in choosing premium rare coins and valuable metals.

Evaluating Eastern Numismatics

Here's a snapshot of Eastern Numismatics' online presence and ratings:

• BBB - Stellar A+ Rating, BBB Recognized

• Yelp - A score of 2 from five from four reviews

• Birdeye - Average rating of 3 from 29 feedbacks

• Ripoff Report - A single mention

• Yellow Pages - Scored one from a single feedback.

• BCA - Secured a B grade.

Features

• Since its inception in 1974, Eastern Numismatics has been an esteemed name.

• Affiliated with top-tier entities like the American Numismatic Association, Better Business Bureau, and the Professional Numismatists Guild, they've solidified their stance in the industry.

• Eastern Numismatics takes environmental and societal sustainability to heart.

• For those keen on investment, they offer a selection of gold, silver, and platinum collectibles.

• Their secure vaults are strategically located in prime financial hubs.

• The IRS-recognized depository in Northern Delaware houses the precious metals IRAs.

• A trove of insightful content about precious metal investments awaits visitors on their website.

• In addition, Eastern Numismatics showcases its unique coin collection on its eBay page.

Advantages:

• With Eastern Numismatics International, dive into a world of gold, silver, and platinum investments.

• They boast a vast and notable numismatic collection tailored for every client.

• They extend specialized precious metals IRA offerings.

• Exclusive coin and bar selections are up for grabs only at Eastern Numismatics.

• Reliable and safe storage solutions are a given.

• With seasoned coin experts on board, guidance is assured.

• Proud affiliations with renowned industry bodies amplify their credibility.

Drawbacks:

• Unfortunately, Eastern Numismatics has limited online feedback from users.

• Their website needs to include a real-time chat feature for instant customer interactions.

• Seek informed decisions, ensuring you explore and understand all facets of investment!

Final Verdict

When investing in precious metals such as gold, silver, platinum, or palladium, plenty of companies exist to explore.

To gauge their service caliber, delve into the company's online customer feedback. Opting for a firm that provides precious metals IRA services would be wise for your advantage.

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