Is Eastern Numismatics A Scam? (Is It Legit?) (Updated 2022)

October 5, 2022

Is Eastern Numismatics A Scam

Hello! Welcome to my "Is Eastern Numismatics A Scam?" review!

(UPDATED 2022)

Have you been eyeing on Eastern Numismatics to buy precious metals from? Well, before doing anything else, you have to read this review to find out everything about it!

Is it legit? Or is Eastern Numismatics a scam? Here is the truth!

Eastern Numismatics Review Quick Summary

Name: Eastern Numismatics


President: Eugene Parrella

Price: Varies depending on your investments

Rating: 3/5

Is Eastern Numismatics A Scam logo


What is Eastern Numismatics?

Eastern Numismatics is a family-owned rare coin company. It was established in 1974 and is currently headquartered in Garden City, New York.

Furthermore, it has an offices in Sarasota, Florida. The Parrella family has been in the industry for a long time, providing excellent services and products to investors and clients.

Eastern Numismatics is a member of various organizations including the following:

  • The Better Business Bureau
  • The Professional Numismatists Guild
  • American Numismatic Association

Eastern Numismatics Products and Services

Eastern Numismatics offers a wide selection of rare coins. Here are the product categories based on its website: cents, half cents, dimes, quarters, half dollars, silver dollars and gold coins.

You can check out the website since it has a product catalog there. Unfortunately, it does not disclose the prices of the products. You must call the company to find out.

Apart from the website, Eastern Numismatics has an eBay profile where it also sells coins.

The company is also interested in buying rare coins from you. All you have to do is to contact them. You can also learn more about this here. Another service is appraisals. Check it out here.

Are there any IRAs?

Eastern Numismatics partnered up with various IRA custodians to take care of its clients' IRA needs. The company recommends these two: GoldStar Trust Company and New Direction IRA.

If you are interested, you will only need to do 3 steps:

  1. Open an account through the Eastern Numismatics website
  2. Fund your IRA precious metals account.
  3. Your products get shipped.

You can learn more about this here!

How to get started?

You can purchase products from Eastern Numismatics through its physical address, website and eBay.

Also, you need to contact them if you wish to find out the prices of the products listed in its website. Furthermore, you must create an account to be able to shop online via the website.

Eastern Numismatics Ratings and Reviews

Here are the current online ratings and reviews of Eastern Numismatics.

  • BBB - A+ Rating, no reviews, BBB Accredited since 1976
  • Yelp - 2 out of 5 based on 6 reviews
  • Birdeye - 2.7 out of 5 based on 48 reviews
  • Ripoff Report - 1 report
  • BCA - B rating, no reviews

As you can see, the online ratings and reviews are not that impressive. This is a helpful information to really find out whether it is worth it to purchase products from this company.

Eastern Numismatics Pros and Cons


  • Offers a wide variety of rare coins
  • Has been in business for a long time
  • Has an eBay store
  • Member of some organizations


  • Website lacks information
  • Online ratings and reviews are not impressive
  • Does not have an in-house IRA service

Is Eastern Numismatics a scam?

Eastern Numismatics is a not a scam. It is a legit company that has been in the industry for a very long time.

Moreover, it provides legit products. The fact that Eastern Numismatics is a member of some organization says that it is not a scam.

However, the company does not have good ratings and reviews. Personally, I really take that into consideration whenever I want to deal with precious metal companies.

If you are not satisfied with Eastern Numismatics, you can always check out my top recommendation below.

Thank you much for reading my "Is Eastern Numismatics A Scam?" review! If you have any comments or questions, feel free to leave them in the comments section.

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