Eastern Numismatics is a company that specializes in the buying and selling of rare coins and currency from around the world. Founded in 1974, the company is based in Garden City, New York. It has become one of the leading numismatic firms in the United States.
The company deals in a wide range of coins. Including ancient, medieval, and modern coins from various countries, as well as commemorative coins, tokens, and medals. It also offers appraisal services, auctions, and a wide range of educational resources for collectors and investors.
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People Behind Eastern Numismatics:
The company was founded in 1974 by Jim Halperin and Howard Halperin. Jim Halperin is a well-known numismatist and author. He also co-founded Heritage Auctions, one of the largest auction houses in the world. Howard Halperin passed away in 2011.
The current management team at Eastern Numismatics includes David Michaels. Who serves as President, and Greg Cohen is the Vice President. Michaels has been with the company since 1981 and has over 40 years of experience in the numismatic industry.
Cohen has been with Eastern Numismatics since 1993 and has over 30 years of experience in numismatics. The company also has a team of experienced numismatists who work with clients to buy and sell rare coins and currency.
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The company offers a wide range of numismatic products and services, including:
Coins: Eastern Numismatics offers a wide range of coins. Including ancient, medieval, modern, commemorative, tokens, and medals. They specialize in rare and high-grade coins and offer coins from all over the world.
Appraisal Services: Eastern Numismatics provides professional appraisal services for individuals, estates, and institutions. Their team of experienced numismatists provides accurate and reliable appraisals for rare coins and currency.
Auctions: Eastern Numismatics holds regular auctions throughout the year. Featuring rare and high-grade coins and currency from all over the world. They also provide auction services for individuals and estates.
Educational Resources: They provide educational resources for collectors and investors, including articles, books, and videos on various numismatic topics. They also offer free seminars and webinars on numismatic topics.
It offers a wide range of numismatic products and services for collectors and investors. Including rare coins, appraisal services, auctions, and educational resources. At this company, you can find an extensive selection of precious metals, including gold, silver, and platinum bullion.
As well as a variety of world coins, U.S. coins, ancient coins, jewellery, accessories, and U.S. paper money.
Additionally, ENI assists its customers with the setup and stocking of precious metals IRAs through two prominent IRA custodians.
Namely GoldStar Trust Company and New Direction IRA. However, it is essential to take into account the annual fee schedules and other storage charges of each company when calculating the total cost of purchasing precious metals for your IRA.
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As a coin and currency dealer, Eastern Numismatics may charge fees and commissions for buying, selling, or appraising coins and currencies. The specific fees and charges may vary depending on the type, rarity, and value of the coin or currency. As well as the services provided by the company. It’s always a good idea to inquire about any fees or charges upfront and to clarify any questions or concerns you may have before engaging in any transactions with Eastern Numismatics or any other coin and currency dealer.
One of the customers wrote the complaint that he has an agreement with Eastern Numismatics to exchange some of my coins for others from their collection. The process involved me using my credit cards to purchase the new coins and sending the old ones to the company. Once they received the coins, they would send me a check for the agreed amount of $31,995. Which I planned to use to pay off my credit cards. The payment was split into two parts, with $25,000 sent immediately and the remaining $6,995 to be sent a week later.
I made purchases totalling $50,935.00 using my credit cards, and so far, I have received $48,100 worth of coins and $25,000 in cash. Despite contacting the supervisor several times between July 28th and 30th to complain about the missing payment, the issue remains unresolved. The supervisor claimed that there was an email from me with the agreed prices totalling $25,000, but I never sent such an email.
I only had a verbal agreement with the company. The supervisor promised that the company president would contact me to resolve the issue, but I have not heard back from them yet.
Ratings of Eastern Numismatics:
The ratings and reviews of Eastern Numismatics are presented below for your reference.
Better Business Bureau (BBB) – Accredited since 1976 with an A+ rating, but there are no reviews available.
Yelp – Based on six reviews, Eastern Numismatics has a rating of 2 out of 5.
Birdeye – Eastern Numismatics has a rating of 2.7 out of 5 on Birdeye, based on 48 reviews.
Ripoff Report – There is only one report available on Ripoff Report.
Business Consumer Alliance (BCA) – Eastern Numismatics has a B rating, but there are no reviews available.
Considering the online ratings and reviews, it appears that the company may not have an impressive track record. This information can be useful in determining whether or not to purchase products from this company.
Additional Highlights of Eastern Numismatics:
The company has received several awards and honours throughout its history.
Here are some notable recognitions:
2019 PNG (Professional Numismatists Guild) Lifetime Achievement Award – Jim Halperin, co-founder of Eastern Numismatics, was awarded the PNG Lifetime Achievement Award for his contributions to the numismatic industry.
2016 ANA (American Numismatic Association) Presidential Award – Eastern Numismatics was recognized with the ANA Presidential Award for its support of the ANA and its commitment to promoting the hobby of numismatics.
2015 ICTA (Industry Council for Tangible Assets) Dealer of the Year – Eastern Numismatics was recognized as the ICTA Dealer of the Year for its commitment to ethical business practices and exceptional customer service.
Eastern Numismatics has also made significant contributions to the numismatic industry. Jim Halperin, the co-founder has authored several books on numismatics and has been a vocal advocate for the hobby. The company has also sponsored various numismatic organizations, including the ANA, the PNG, and the Numismatic Literary Guild. The company has a strong reputation in the numismatic industry, with several awards and recognitions to its credit.
Is Eastern Numismatics Legit? Should You Invest with Them?
Eastern Numismatics has been accredited by the Better Business Bureau (BBB) since 1976, and it has an A+ rating from the BBB. This accreditation signifies that the company meets the BBB’s Standards of Trust, which includes a commitment to resolve any customer complaints in a timely and satisfactory manner.
Additionally, it has been in business since 1974, and it has a physical storefront located in Garden City, New York. It’s always a good idea to do your own research and due diligence before engaging in any transactions with a coin and currency dealer or any other business. You can check online reviews, ratings, and testimonials from other customers to get a better sense of Eastern Numismatics’ reputation and practices.
This is a reputable and established numismatic company that specializes in rare coins, currency, and related services. For collectors, the company offers a reliable source of rare and high-quality numismatic items, as well as expert guidance and appraisal services.
Several decades of experience
Significant client base
The company’s auctions provide an opportunity to acquire unique and valuable coins and currency. The company is well-positioned to continue to be a leader in the numismatic industry.
As the hobby continues to evolve and adapt to changes in technology and the broader economic landscape, they are likely to remain a trusted and valuable resource for collectors and investors.
However, if you’re a retirement investor, Eastern Numismatics is not the best option.
They specialize in collectible items which might be good for hobbyists but are unsuitable for those looking to save for retirement. There are plenty of gold IRA companies that specialize in helping investors buy and hold precious metals through their IRA.
If you’re interested in retirement investing, you can check out our list of the top gold IRA providers. It will help you learn what the industry’s best has to offer.
Have you had any experience with Eastern Numismatics? If so, let us know in the comments!