Frederick Coin Exchange Review

There are many gold dealers in Maryland. But Frederick Coin Exchange is probably the most popular name out there.

I checked them out and thought it would be best if I share my opinion with you guys as well.

Frederick Coin Exchange stands out as a prominent coin dealer in Frederick, Maryland, known for its extensive services and unwavering dedication to customer satisfaction. Let’s dive in and figure out if this company is worth your money or not.

Things I Like About Frederick Coin Exchange:

1. A Comprehensive Collection of Unique Coins and Precious Metals

Frederick Coin Exchange offers a remarkable selection of rare coins, showcasing both U.S. and world coins, tailored for those with a keen appreciation for collecting and investing. I think their inventory is quite impressive, featuring gold and silver bullion, estate jewellery, sterling silver cutlery, and a range of other interesting items.

I really appreciate how they use advanced testing methods like the ‘Fisch’ Gold Testing Spoons and Sigma Ultrasound to ensure the authenticity of precious metals. It gives me confidence that customers are getting only genuine products.

2. Thorough Evaluation Services

Complimentary Verbal Appraisals: Customers have the opportunity to take advantage of free in-house verbal appraisals, offering instant insights into the worth of their items.

Written Appraisals: They provide thorough documentation with written appraisals at a competitive rate, which is perfect for insurance needs or potential sales.

3. Connections with Prominent Coin Collecting Groups

Professional Memberships: Being part of respected organisations such as the American Numismatic Association (ANA), Professional Coin Grading Service (PCGS), and Numismatic Guarantee Corporation (NGC), Frederick Coin Exchange upholds rigorous industry standards, bolstering its credibility and trustworthiness.

4. Fair Pricing and Clear Transactions

Market-Responsive Rates: They provide competitive buy and sell prices that reflect the current market conditions, guaranteeing fair transactions for both buyers and sellers.

When it comes to significant purchases, like more than 20 ounces of gold or 500 ounces of silver, there are bulk pricing options available. This approach gives investors a chance to save money on their investments.

5. Resources for Learning and Engaging with Customers

I believe that Frederick Coin Exchange truly prioritises empowering its clients through knowledge. I think they offer some really useful resources, such as a free Gold Information Kit and educational videos that touch on important subjects like coin grading and precious metals testing.

I really appreciate how their active involvement in community events and commitment to educating customers fosters such a welcoming environment for collectors, whether they’re just starting out or have been in the game for a while.

6. Outstanding Customer Feedback and Esteemed Reputation

Frederick Coin Exchange really stands out with an average rating of 4.89 stars across different review platforms. This clearly shows how committed they are to providing excellent customer satisfaction and service quality.

Trustworthy Source: They really stand out as a top dealer in U.S. coins, gold, and silver bullion. Their solid reputation and the satisfaction of their customers truly showcase how reliable they are.

In my view, Frederick Coin Exchange really shines with its extensive variety, commitment to authentic products, comprehensive appraisal services, solid professional relationships, appealing pricing, educational offerings, and impressive customer satisfaction.

I really believe these qualities make them a standout option for collectors and investors looking for a reliable and knowledgeable coin dealer.

Who are the People Behind Frederick Coin Exchange?

Frederick Coin Exchange is led by Matt Lerner, who has over twenty years of experience in the coin industry as a numismatist.

Matt Lerner’s background is quite interesting.

Matt’s fascination with numismatics began at a remarkably young age, as he immersed himself in the world of coin collecting when he was merely five years old. It’s impressive to see how, by the age of 11, he was already getting involved at a local coin shop, and by 13, he was selling coins online. This really highlights his entrepreneurial spirit from such a young age.

In my view, earning a degree in marketing from the University of Wisconsin-Madison really helped him refine his business skills.

Matt is a proud member of the American Numismatic Association (ANA) and the Professional Numismatists Guild (PNG), organisations that are committed to upholding the highest ethical standards in the numismatic community.

Community Engagement: Alongside his professional life, he genuinely cares about giving back, actively supporting local organizations such as the Salvation Army of Frederick and the Middletown Valley Food Bank.

The success of Frederick Coin Exchange is a direct result of the hard work and commitment of its dedicated team members, including:

Eric: Since 2017, Eric has been a retail associate with a sharp focus on jewellery and coins, especially the iconic Carson City Mint Morgan Silver Dollars.

Brian boasts more than 13 years of expertise in the realm of world coins, particularly honing in on Australian and British issues. His preferred coin is the rare 1948 Canadian Dollar with its low mintage.

With strong leadership and a skilled team, Frederick Coin Exchange stands out as a trustworthy and customer-oriented player in the numismatic world. 

Does Frederick Coin Exchange Offer IRA Services?

In my view, it’s worth noting that Frederick Coin Exchange doesn’t offer services for Individual Retirement Accounts (IRAs). It seems that their primary focus is on trading coins, currency, and various precious metals like gold, silver, platinum, palladium, and rhodium.

In my view, they provide services like free in-person appraisals and written appraisals for a charge. It’s worth noting that they don’t have any connections with precious metal IRA custodians and don’t help with establishing a Gold IRA.

In my view, clients who want to include precious metals in their retirement accounts really need to seek out a different company to serve as an IRA custodian and ensure the safe storage of their physical gold and silver, as mandated by the IRS.

What Products Can You Purchase at Frederick Coin Exchange?

Frederick Coin Exchange offers a wide range of products catering to coin collectors, precious metals investors, and those interested in historical and valuable items. Here’s a thorough examination of their inventory:

Silver Dollars: Morgan Silver Dollars, minted from 1878 to 1921, represent a significant era in American coinage history. Peace Silver Dollars, minted from 1921 to 1935, represent a significant era in American coinage.

Gold Coins: Pre-1933 U.S. Gold Coins (e.g., $5 Liberty, $10 Indian Head, and $20 Saint-Gaudens Double Eagle)

Commemorative Coins: Coins issued to celebrate significant U.S. historical events or figures.

Modern Coins:

• American Silver Eagle
• American Gold Eagle
• American Buffalo Gold Coins
• Sets and Collections: Proof and uncirculated sets straight from the U.S. Mint.

World Coins

• Gold Sovereigns and Other International Gold Coins:
• British Sovereigns
• Canadian Gold Maple Leafs
• South African Krugerrands

Silver World Coins:

• Canadian Silver Maple Leafs
• Mexican Libertads
• Australian Kookaburras and Koalas
• Ancient Coins

Roman and Greek Coins:

• Authentic coins from ancient civilizations, catering to history enthusiasts and collectors.
• Precious Metals Bullion

Bars:

• Available in various sizes, from small fractional bars (1 gram) to larger sizes (1 kilogram).
• Sourced from reputable refiners like PAMP Suisse and Credit Suisse.

Coins: Popular gold bullion coins such as American Gold Eagles, Canadian Gold Maple Leafs, and Austrian Philharmonics.

Bars:

• Weight options range from 1 oz to 100 oz.
• Trusted brands like Johnson Matthey and Engelhard.

Rounds: Generic silver rounds featuring unique designs.

Coins: American Silver Eagles and other globally recognized silver coins.

Platinum and Palladium Bullion

• Platinum Coins and Bars: Options like the American Platinum Eagle and Canadian Platinum Maple Leaf.
• Palladium Coins and Bars: Limited options for palladium investors.
• Rhodium Bullion: Rare rhodium bullion products for specialized investors.
• U.S. Paper Money: Large-size notes such as Silver Certificates, Gold Certificates, and early Federal Reserve notes. Confederate currency from the Civil War era. Fractional currency notes.
• World Banknotes: Historical and modern banknotes from various countries.
• Storage Solutions: Coin albums, holders, and display cases for protecting and organizing collections.
• Magnification Tools: Loupes and magnifiers for examining the details of coins and banknotes.
• Estate Jewelry: High-quality vintage and estate jewelry.
• Sterling Silver Flatware: Antique and modern sterling silver flatware sets.
• Gold and Silver Accessories: Jewelry and accessories made from gold and silver, suitable for collectors or gifts.
• Appraisal Services: Free verbal appraisals for coins, bullion, and jewelry. Written appraisals available for a fee, often used for insurance or estate purposes.
• Auction Opportunities: Access to rare and valuable items through in-house or external auctions.
• Precious Metals Buyback: Competitive pricing for gold, silver, platinum, and palladium bullion.
• Coin Buyback: Fair offers for rare and collectible coins.
• Holiday-Themed Coins: Coins and bullion with designs tailored for special occasions like Christmas or anniversaries.
• Custom Sets: Unique collections tailored to customer preferences.

Why Choose Frederick Coin Exchange?

• Authenticity Guarantee: All products are rigorously tested to ensure authenticity and quality.
• Wide Inventory: Diverse offerings for both beginner and seasoned investors/collectors.
• Transparent Pricing: Fair market-based prices for buying and selling.
• Expert Guidance: A knowledgeable team to assist with selecting and valuing products.

Frederick Coin Exchange provides an extensive selection of coins, bullion, and collectible items, appealing to both investors and collectors.

Their commitment to quality, authenticity, and customer satisfaction ensures a valuable experience for all clients. For specific inventory and pricing, visiting their showroom or contacting them directly is recommended. 

Frederick Coin Exchange Fees and Pricing:

Frederick Coin Exchange stands out for its clear and competitive pricing model, guaranteeing that clients get a fair deal for their transactions. Let’s break down their fees and pricing structure:

Pricing that is Competitive and Based on the Market Consistency with Market Rates: Frederick Coin Exchange keeps a vigilant eye on the ever-changing market prices for precious metals, ensuring that their buy and sell rates are always in line with the latest market conditions.

• Bulk Pricing Discounts: They provide bulk pricing for significant transactions, delivering financial benefits for larger purchases or sales.
• Valuation Services: Complimentary Verbal Appraisals: Clients are invited to take advantage of free in-person verbal appraisals for their items, providing instant insights into value at no charge.
• Written Appraisals: For thorough documentation, we offer written appraisals at a rate of $75 per hour for evaluations conducted in-store and $150 per hour for services performed outside the store.
• Sales Tax Considerations: Maryland Sales Tax: In Maryland, if you make a purchase that exceeds $1,000, you won’t have to pay sales tax on it. This creates a clear benefit for those engaging in larger transactions.
• Payment and Transaction Guidelines: Accepted Payment Methods: Checks and wires are the preferred options for transactions. Shipping will only occur once all checks have cleared, and the clearance times will vary based on the type of check used.
• Order Cancellation Policy: A credit card is necessary to secure orders. If payment isn’t sent via mail or wire within 24 hours, the credit card will be charged for the market difference, along with extra fees for each ounce of silver or gold ordered.
• Shipping and Insurance: For orders that fall below the $1,000 mark, there is a shipping and full insurance fee of $5. When you spend over $1,000, you unlock free shipping and full insurance, making those bigger purchases even more worthwhile.
• Age Requirement for Transactions: Age Policy: Frederick Coin Exchange does not purchase items from individuals under 25 years of age, ensuring compliance with their business policies.  

What Do Frederick Coin Exchange Reviews Say?

Frederick Coin Exchange has received commendable reviews on multiple platforms, showcasing its strong reputation and high levels of customer satisfaction. Here’s a breakdown of their ratings:

I’ve noticed that the business has an impressive 4.6 out of 5-star rating, based on 257 customer reviews. I’ve noticed that customers frequently commend the exceptional customer service, professionalism, and expertise they receive.

Well-regarded in your vicinity: In my view, Frederick Coin Exchange really shines on this platform, boasting an impressive average rating of 4.89 stars out of 5, drawn from 206 ratings across three verified review sites. I think this impressive score results in an exceptional Rating Score™ of 94.86. citeturn0search6

I’ve noticed that the Chamber of Commerce highlights this business with a remarkable 4.7-star rating from 253 reviews. That’s quite impressive! I really appreciate the expertise of the staff and find the pricing to be quite reasonable.

Cloutly: Frederick Coin Exchange boasts a solid rating of 4.2 out of 5 stars, derived from 5 reviews. Even though the sample size is limited, the feedback is largely favourable.

These ratings highlight Frederick Coin Exchange’s dedication to delivering top-notch service and ensuring customer satisfaction on various platforms.

Examples of Frederick Coin Exchange Reviews:

#1. They were in the process of relocating and required an assessment and sale of an old coin collection. Scheduling an appointment was a straightforward process. The location was remarkably convenient, and the interior was genuinely intriguing, showcasing brick walls and piping that contributed to an industrial vibe.

They recognised how lucky they were to have Robbie as their appraiser. He was incredibly knowledgeable and dedicated ample time to thoroughly explain each coin and its value to them. That day was a real eye-opener for him, and he actually enjoyed himself too. 

They provided prices that were hard to beat, and the person was able to secure the funds immediately for the collection. They managed to pay in cash. They also evaluated jewellery.

They possessed coins or jewellery that they wished to have appraised or sold, and they strongly endorsed utilising their services. They have the option to walk in, but if they prefer not to wait, it’s advisable to schedule an appointment in advance. 

#2. That was their initial encounter at Frederick Coin Exchange, and it was fantastic. They were fortunate to have the incredible Nao assist them. She was quite delightful and had an impressive understanding of coins, metals, and beyond. He came in with an impressive array of items to sell, and she was well-versed in nearly all of them. 

Each piece seemed to offer a quick dive into history or science, almost like a mini-lecture. Honestly, Nao deserves her TV show. She was fantastic! She was very pleased with the amount that was offered for what she brought in. 

It’s clear he made up his mind to go back to Frederick Coin Exchange, and he’s already told his friends and family about it. 

Frederick Coin Exchange Review Summary:

Frederick Coin Exchange is a trustworthy coin dealer that you can count on. They’ve amassed a staggering number of reviews on various platforms.  

Do I think they are legit? Yes.

Do I recommend them? It depends.

For local buyers, they are surely a great option but with so many national gold dealers available, I suggest browsing the market first.