Long Island Rare Coins & Currency Reviews

Long Island Rare Coins & Currency
Long Island Rare Coins & Currency
Long Island Rare Coins & Currency is an impressive company with a decent catalog. However, they are not the best option in the market. I suggest checking out our top recommendations first.
Fees & Charges
Honesty & Transparency
Customer Service
Decent product selection
Impressive track record
Limited online reviews
Lack of transparency
Expert Score

What is Long Island Rare Coins & Currency?Long Island Rare Coins & Currency Locations, Timings, Email, Phone, Services

Long Island Rare Coin & Currency stands as a distinguished establishment within the realm of precious metals, under the ownership and leadership of Buddy Alleva. With an impressive track record spanning more than four decades, Alleva has solidified his position as an industry luminary in the numismatic field.

The dedicated team at Long Island Rare Coin & Currency is resolute in its mission to cater to the needs of numismatic and currency collectors, offering a diverse array of precious metals. Their commitment stems from a passion for these rare treasures and a genuine desire to share their beauty and value with collectors and enthusiasts alike.

Long Island Rare Coin & Currency claims that they firmly believe in open communication and customer engagement. If you are seeking a particular item or have any concerns about a purchase, the company encourages you to reach out without hesitation. They are dedicated to fostering a transparent and supportive relationship with each individual, ensuring that your experience with them is nothing short of exceptional.

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  • Address: 577A Broadway Massapequa, NY 11758
  • Phone: 516-908-5974
  • Fax: 516-797-8421
  • Toll-Free: 1-866-355-2646
  • Email: [email protected]
  • Website: https://longislandrarecoins.com/

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People Behind Long Island Rare Coins & Currency: CEO, Owner, Co-Founders & MoreWho owns Long Island Rare Coins & Currency? What is the management team behind Long Island Rare Coins & Currency?

As of the current information available, there is a lack of details concerning the management team, owner, founder, and other key members associated with the entity in question. While various aspects of the organization’s operations and offerings might be accessible, the specific individuals behind its management, ownership, and establishment remain undisclosed.

The absence of this information may stem from factors such as privacy considerations, business strategies, or the company’s decision to maintain a low profile.

Transparency is Important

All gold IRA companies are NOT the same. We’ve done the hardwork for you and found the most transparent gold IRA company with the highest rating by customers.

Organizations often have varying reasons for not publicly sharing such details, ranging from safeguarding sensitive information to focusing attention solely on their products, services, and customer relationships.

While comprehensive knowledge about the leadership and founding members can provide valuable insights into the entity’s ethos and values, it’s essential to acknowledge that there are valid reasons for this information not being readily available.

As with any engagement, potential customers, investors, or interested parties may wish to gather information from reliable sources, reviews, and other reputable avenues to form a well-rounded understanding of the organization’s legitimacy and reputation.

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Long Island Rare Coins & Currency Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Long Island Rare Coins & Currency

At Long Island Rare Coins, a haven for aficionados of numismatics, you’ll discover an expansive assortment of rare coins that are certain to enthrall. The company’s inventory boasts a wide spectrum of coinage, encompassing not only gold, silver, and platinum but also an array of other captivating collectible coins. Each of these coins carries an individual aura of rarity and historical importance, rendering them cherished acquisitions for both collectors and investors.

Diverse and Precious Collection:

Long Island Rare Coins & Company takes pride in curating a collection that spans various precious metals and historical eras. Their extensive assemblage includes:

  • Gold Coins: Gleaming with a timeless allure, gold coins are not only embodiments of wealth but also intricate artifacts that encapsulate the heritage of civilizations.
  • Silver Coins: These shimmering pieces reflect the beauty of craftsmanship and often narrate the tales of the past through intricate designs and iconic images.
  • Platinum Coins: Renowned for their rarity and elegance, platinum coins are highly sought after for their distinctive beauty and value.
  • Collectible Coins: Beyond the precious metals, Long Island Rare Coins offers a diverse selection of collectible coins that celebrate cultural milestones, historical events, and artistic achievements.
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Preserving Rarity and Historical Significance:

Each coin in Long Island Rare Coins’ collection serves as a testament to the artistry of the past and the enduring fascination with numismatics. The rarity of these coins, coupled with the historical narratives they embody, elevates them from mere commodities to coveted treasures. Collectors are drawn to the stories etched into their designs, while investors recognize their potential to accrue value over time.

Catering to Collectors and Investors Alike:

Long Island Rare Coins & Country recognizes the dual appeal of these numismatic wonders. For collectors, these coins encapsulate history, culture, and craftsmanship, allowing them to connect with the past in a tangible way. Investors, on the other hand, recognize the potential for growth and diversification that rare coins bring to their portfolios.

Intrigued enthusiasts, whether seasoned collectors or newcomers to the realm of numismatics, will find Long Island Rare Coins to be a haven where the pursuit of knowledge, beauty, and value converge. Each coin in their collection carries a story and an opportunity, awaiting those who appreciate the rare and exceptional.

Beware of Gold IRA scams. Recently several scams have been charged by the authorities. Companies such as Regal Assets, Safeguard Metals and Red Rock Secured defrauded hundereds of retirees like you and me. I strongly suggest you learn how to identify gold IRA scams. You can request a free guide using the button below:

How to Invest in Long Island Rare Coins & Currency IRA?Step-by-step guide for investing in Long Island Rare Coins & Currency IRA

To invest in a precious metals IRA through Long Island Rare Coins & Currency are the general steps:

  1. Open a Self-Directed IRA

    Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with Long Island Rare Coins & Currency to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.

  2. Fund Your IRA

    Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or rollover funds into the new account.

  3. Select a Precious Metals Dealer

    One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as Long Island Rare Coins & Currency.

  4. Decide Which Precious Metals to Purchase

    You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from Long Island Rare Coins & Currency in this area.

  5. Place Your Order

    Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.

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However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.

Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer in your state and choose accordingly.

Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.

Long Island Rare Coins & Currency Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?

Shipping and Payment Policies at Long Island Rare Coins:

Long Island Rare Coins & Currency places a significant emphasis on ensuring secure transactions and reliable shipping for their valued customers. To address the growing concern of fraudulent payments, the company has instituted a new payment and shipping protocol, as detailed below:

1. Postage and Insurance:

In order to provide a seamless and secure shopping experience, they implemented a streamlined approach to postage and insurance charges:

  • Orders below $1000.00: A nominal fee of $15.00 will be added for postage and insurance.
  • Orders exceeding $1000.00: Shipping and insurance are provided free of charge.

2. Shipping Methods and Restrictions:

The shipping method employed by Long Island Rare Coins & Currency is tailored to the nature of the purchased items and the delivery destination. Regrettably, the company does not disclose further specifics about shipping methods beyond these general guidelines. Additionally, all shipping services are restricted to locations within the United States.

For more comprehensive information about the shipping process, customers are encouraged to connect with a dedicated representative.

3. Payment Options and Guidelines:

To enhance security and prevent fraudulent transactions, Long Island Rare Coins & Currency has introduced distinct guidelines for various payment methods:

  • Bank Wire: For customers requesting bank wire instructions, relevant details will be provided via email upon request. Numismatic orders necessitate that wired funds are received within 48 hours of placing the order. For bullion orders, prices are locked in upon confirmation of wired funds in the company’s bank account.
  • Cashier and/or Certified Bank Checks: Detailed instructions for cashier or certified bank checks will be sent via email upon order placement. To meet the company’s requirements, these checks must be postmarked within 48 hours of order placement and received within 7 business days.
  • Postal Money Orders: Orders valued up to $9,000.00 are eligible for payment through postal money orders.
  • Credit/Debit Card, PayPal: Long Island Rare Coins welcomes payments via credit or debit cards, as well as PayPal, for orders totaling up to $5,000.00. The accepted card providers are Discover, MasterCard, and Visa.
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Ensuring the security of transactions and maintaining transparency, Long Island Rare Coins has instituted these payment options and timelines to foster trust and reliability among its customers. It is recommended that customers seeking further details or clarification on any aspect of these procedures reach out to a company representative.

Companies like Augusta charge ZERO fees for up to 10 years, allowing you to choose your own gold & silver. Long Island Rare Coins & Currency on the other hand provides fewer options.

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Social Media Presence of Long Island Rare Coins & Currency:Twitter, Facebook, & Instagram

Instagram Handle of Long Island Rare Coins & Currency:

The company has an account on Instagram. They have 266 followers and are following 608 accounts. Long Island Rare Coins & Currency joined Instagram in January 2018.

Long Island Rare Coins & Currency instagram

Facebook Page of Long Island Rare Coins & Currency:

Long Island Rare Coins & Currency has 17 followers on its Facebook account. They have only 8 likes with no star ratings or reviews.

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Long Island Rare Coins & Currency Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the Long Island Rare Coins & Currency reviews & complaints


On Yelp, Long Island Rare Coins & Currency has again 5 stars out of 5-star ratings according to only 2 customer reviews. Certainly, most of the reviews are positive. The customer praised their services and products.

Google Reviews:

On Google, the business has 4.9 stars out of 5-star ratings based on various customer reviews. There are a total of 50 customer reviews on Google, and most of them are positive, with customers praising the company’s excellent customer service, professionalism, and expertise. While there are some complaints too regarding products and their shipping.

Long Island Rare Coins & Currency rating

Some Reviews from different online rating websites:

#1. John McCabe expresses a fantastic interaction involving Cody and Carl. Both individuals showcased impressive expertise and integrity. John enthusiastically suggests considering a return based on this positive encounter.

Long Island Rare Coins & Currency review on google

#2. Juliet Jordon-Thompson commends the superb service provided by Cody. She notes that Cody dedicated ample time to meticulously evaluate their coins and to elucidate their value, or the absence thereof, to both her and her husband. She acknowledges Cody as a remarkably knowledgeable young professional.

Long Island Rare Coins & Currency complaint

#3. Melissa shares about a highly positive encounter, highlighting Cody’s exceptional honesty, pleasant demeanor, and expertise. Cody devoted ample time to addressing all of Melissa’s questions. Additionally, the establishment’s cleanliness was noteworthy, and they adhered to the scheduled appointment punctually. Melissa wholeheartedly recommends their services based on this excellent experience.

Long Island Rare Coins & Currency review on yelp

#4. According to Dennis Kleva, there was a two-week period during which there was a lack of response to emails.

Long Island Rare Coins & Currency review

#5. A customer expresses their satisfaction, mentioning that interacting with Cody and Amy was a delightful experience. Both Cody and Amy demonstrated professionalism, amiability, and excellent communication. The customer enthusiastically endorses their services and would certainly recommend them.

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Our top companies have a clean background and aren’t involved in any kind of major legal dispute. You can check out the list here.

Is Long Island Rare Coins & Currency Legit? Should You Invest With Them?Is Long Island Rare Coins & Currency a scam or legit? Are they worth it?

I hope you found this review helpful.

Before you make any final decision, I recommend checking out our top gold IRA providers.

There, you will find out what the industry’s best has to offer. Also, it will ensure you make an informed decision.

Or, you can check out the best gold dealer of your state below:


  • Decent product selection
  • Impressive track record


  • Limited online reviews
  • Lack of transparency

Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.

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