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Coin Exchange NY Review (Is It A Scam?) (Updated 2023)

May 29, 2023

Coin Exchange NY Review

Welcome to my Coin Exchange NY Review!

(UPDATED 2023)

In the precious metals industry, there are several firms that provide products and services to help you start getting your gold or other precious metals.

In this review, we are going to learn about one of the precious metals dealers out there, Coin Exchange NY. Is it legit? Or is it a scam? Well, here is the "down and dirty" about them...

Coin Exchange NY Review Quick Summary

Coin Exchange NY Review logo

Name: Coin Exchange NY

Founder: Not disclosed

Type: Precious metals dealer

83%
Trust Rating
Value
Education
Customer Support
Transparency
Reputation

What is Coin Exchange NY?

Coin Exchange NY Review website homepage

Let us begin this Coin Exchange NY Review by gathering some background information about them:

Coin Exchange NY is a business that revolves around precious metals as well as jewelry and watches. It was created in 2011 and since then, it has been providing products and services in the industry.

Apart from that, Coin Exchange NY is an authorized dealer of PMG, PCGS and NGC. In addition to that, this business has several affiliations. Here are they.

Coin Exchange NY Review Associations 1
Coin Exchange NY Review Associations 2
Coin Exchange NY Review Publications

Products and Services

Products

Coin Exchange NY has a large and diverse selection of products available for you. Their inventory ranges from Half Cents to Gold Double Eagles to Morgan Silver Dollars.

The main categories, according to its website are the following:

  • Gold
  • Silver
  • Platinum/Palladium
  • Numismatic
  • Currency
  • Jewelry
  • Watches
  • Other (Antiques)

Gold

Coin Exchange NY offers various gold products in different denominations including Certified Coins, Chinese, United States, World Coins and Pre-1933. Moreover, their sizes vary from 1 oz. to 1/4 oz. Also, they offer coins that date back from 1800 to the present.

Each coin is identified by their face value, metal type, condition, grade, brand/mint, aggregate precious metal weight and SKU.

Silver

Coin Exchange NY also offers silver products including Australian currency, Pre-1965 Silver U.S. Coins, Morgan and Peace Dollars, Mexican Peso Coins, United States Coins and Chinese Coins.

Furthermore, the most common forms of silver products available are coins, bullets, bars and rounds. And yes, various sizes are available too, so you have a lot of options to choose from.

Platinum/Palladium

Platinum and Palladium products are also available and come in various forms such as coins and bars.

Numismatic

Numismatic products are also available in dollars, half dollars, 1 cent, half cents, dimes, half dimes, nickels, quarters, post colonial and pre-1933 gold.

Furthermore, Coin Exchange NY offers both certified and uncertified coins.

Currency

Coin Exchange NY only offers 2 world currency products: U.S. and Chinese Currency.

Jewelry

Other than precious metals, Coin Exchange NY has jewelry products for you. Manufacturers ranges from David Yurman to Tiffany and Co., to Cartier,

Moreover, coin and estate jewelry are also offered.

Watches

For those who are watch enthusiasts, Coin Exchange NY has something for you too. There are several timepieces available such as pre-owned pocket watches, pre-owned vintage watches, pre-owned luxury watches, pre-owned designer watches and many more!

Other (Antiques)

Coin Exchange NY also offers antique items such as sterling silver, feeding spoon, copper leaf soap dish, leather strap, pepper grinders, silver salt shakers and many more.

Services

Coin Exchange NY is not limited to selling various precious metals. It is also interested in buying and many more. Here is a list of all the services that Coin Exchange NY offers.

  • Buying and Selling - Gold, silver, copper, U.S. Paper Money, coins etc.
  • Certified Appraisals 
  • Expert Witness
  • Grading and Authentication
  • Numismatic Consulting
  • Want list

Apart from the list above, Coin Exchange NY's website has a live price tracker for gold, silver, platinum and palladium.

This is very useful in checking whether the product you are interested in is priced fairly and competitively, compared to the current price of the said product in the market.

Are there any IRA services?

Unfortunately, Coin Exchange NY does not offer any IRA services. It is mainly a precious metals and coins dealer.

If you wish to find a good gold IRA services provider, click here.

How does it work?

To do business with Coin Exchange NY, there are two ways that you can do it.

First is online. You can make your orders online and have your products delivered to you. You can also contact them via phone or email.

You can also fill up a contact form on their website.

The other way to do business is of course, to visit its retail store in 267 South Central Avenue, HartsdaleNY 10530, Westchester County. 

Mode of payment

In Coin Exchange NY, you can make your payments via Paypal, personal check, certified check, cashier's check or money order.

Moreover, a direct bank transfer is recommended  if your orders are over $5000.

Based on Coin Exchange NY's Terms and Conditions, they have the right to cancel orders in the case of payments not dated with 5 business days for all of the check orders and bank wire orders.

They also have the right to hold and wait for all personal checks, money orders, cashier's checks and certified checks to clear out, up to 10 business days prior to the shipping of the products.

No cancellation!

With Coin Exchange NY, once the order is placed and confirmed, that is already final. There are STRICTLY NO CANCELLATIONS.

Shipping

Coin Exchange NY handles all of your orders with utmost care, security and discretion. They normal ship via the U.S. Postal System.

Moreover, all of the orders are fully insured in case of damage or loss. So rest assured that your products will reach the address that you have indicated with you placed and confirmed your order!

Coin Exchange NY Ratings and Reviews

Unfortunately, there are not much ratings of Coin Exchange NY available on the internet. Furthermore, it has a BBB profile but it is not BBB accredited and only has a C+ rating.

It also has one complaint. But unfortunately, details about this are not disclosed.

Coin Exchange NY Review BBB profile

The only rating I have found regarding this business is from Yelp, with a 5 out of 5 stars rating based on 37 reviews.

Overall, in terms of ratings and reviews, Coin Exchange NY is way behind its competitors. There are several precious metal companies whose reputation is mirrored by their thousands of positive and excellent ratings and reviews.

Click here to find out the best bullion dealers today in the industry.

Pros and Cons

Pros

  • Has been in the industry for quite some time
  • Offers a wide range of products and services
  • A certified member of precious metals associations

Cons

  • Not BBB accredited
  • Not much online presence

Is Coin Exchange NY a scam?

Let's conclude this Coin Exchange NY Review by answering this question.

Coin Exchange NY is not a scam. It is a legit company offering excellent services and products. Moreover, it has a foundation of over 30 years of experience and expertise in the industry.

It is safe to say that the people behind it are to be trusted. After all, the business is a member of a couple of associations!

The only concern we have for it is its low online presence. And it is not even present in BBB.

Thank you so much for reading my Coin Exchange NY review! If you have any questions or comments about it, feel free to share them below in the comments section!

Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.


By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2024!

Anis

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