Gaithersburg Coin Exchange Reviews 2023

Gaithersburg Coin Exchange is among the earliest and most well-known precious metals businesses in the United States. The company offers a variety of products, which we will describe in this Gaithersburg Coin Exchange reviews. Find out if Gaithersburg Coin Exchange is the best option for you by reading on.

What is Gaithersburg Coin Exchange?

Gaithersburg Coin Exchange is, as its name suggests, a precious metals dealer specializing in gold and silver coins. The business was established in 1972 and is headquartered in Gaithersburg, Maryland. They stock a vast assortment of both bullion and rare coins. Products are predominantly sold through their physical store, but they have also established an eBay page to facilitate online sales.

Gaithersburg Coin Exchange Products

The majority of Gaithersburg Coin Exchange’s inventory consists of coins, but a limited amount of gold and silver bars are also available. Their coinage consists of both IRA-eligible bullion coins and collectible coins from all over the globe. Numerous varieties of gold coins are available, including the United States Gold Eagle, the Royal Canadian Mint Maple Leaf, and the South African Krugerrand. The United States Silver Eagle and the Canadian Mint Maple Leaf are examples of silver coins. What astonished us the most is that, unlike the vast majority of other precious metals dealers, Gaithersburg Coin Exchange does not sell platinum or palladium products.

Does Gaithersburg Coin Exchange Offer Precious Metals IRA?

Despite offering IRA-eligible gold and silver coins, Gaithersburg Coin Exchange neither offers custody services nor partners with a custodian to provide precious metals IRA services. If you desire to open a gold or silver IRA, our number one recommended Gold and Silver IRA Company has you covered.

Company Info

Location:

Gaithersburg, Maryland

Address:

16 E Diamond Ave, Gaithersburg, MD 20877, United States

Year Founded:

1972

Managers:

Mark Watson (CEO)

Website:

www.gaithersburgcoin.com

Rating:

[usr 3]

How It Works

Unfortunately, you may not be able to place an order on the official website of Gaithersburg Coin Exchange due to the absence of automated systems for processing orders and payments. Therefore, you must contact the company or visit their physical store to place an order. Alternatively, you can place your order online via their eBay page, which may incur additional charges.

Pros of Gaithersburg Coin Exchange                                             

• They Have Been In Operation for Decades

Since the company has been in operation for over 45 years, they are reputable and dependable. Over the years, they’ve acquired immense trust and popularity, giving them a competitive advantage over other coin dealers.

• Offers a Wide Variety of Rare Coins

Gaithersburg Coin Exchange offers an extensive selection of rare coins and collectibles from around the world. Consequently, it provides an excellent trading platform for coin collectors.

Cons of Gaithersburg Coin Exchange

• Outdated Website

Their website is outdated and offers few educational resources. There is no online transaction available, so orders must be placed in person or over the phone. In addition, there is no information regarding product prices; you must contact their staff to consult about prices.

• Limited Selection of Bullion Products

They have a large selection of rare coins, but their limited selection of IRA-eligible bullion jeopardizes the ability of customers to establish a precious metals IRA.

• Lack of BBB Accreditation

The Better Business Bureau is a reputable and well-known website for consumer protection. Unfortunately, Gaithersburg Coin Exchange does not have BBB accreditation. In addition, the platform lacks customer reviews and ratings, which poses numerous concerns.

• Does Not Offer Precious Metals IRAs

As previously indicated, this company is neither a custodian nor a partner in providing custodial services. Therefore, they cannot be used to establish a precious metals IRA.

Gaithersburg Coin Exchange Reviews and Ratings

Let’s take a quick glance at Gaithersburg Coin Exchange reviews on the BBB and other websites.

Gaithersburg Coin Exchange is not BBB-accredited and does not have any reviews on this website. In addition, there are no reviews on Business Consumer Alliance, Trustlink, or Trust Pilot. However, the business has a 3 out of 5-star rating on Yelp based on 9 customer reviews.

Should You Consider Gaithersburg Coin Exchange for Your Gold IRA Rollover?

Given that Gaithersburg Coin Exchange does not offer Gold or Silver IRAs, they cannot be considered a viable option if you wish to establish a precious metals IRA. You may instead choose our top-rated precious metals IRA provider.

Is Gaithersburg Coin Exchange Legit or Another Scam?

Gaithersburg Coin Exchange is a legitimate coin dealer with a 50-year history in the industry. If they were a fraud, they would not have lasted this long.

Does Gaithersburg Coin Exchange Offer Storage?

Gaithersburg Coin Exchange does not provide storage services. You should make alternative storage arrangements for your metals.

Does Gaithersburg Coin Exchange Have a Buyback Policy?

Yes, Gaithersburg Coin Exchange has a repurchase policy, and you can sell them your old coins and jewelry.

Alternative to Gaithersburg Coin Exchange 

• Royal Mint Bullion
• Indigo Precious Metals
• Gold Bullion Exchange
• Amagi Metals
• Monex Review

Gaithersburg Coin Exchange Reviews- Conclusion

Gaithersburg Coin Exchange is a dealer in precious metals specializing in the sale of gold, silver, rare coins, and collectibles. Additionally, the company has recently stocked a few bullion bars. With more than 45 years of experience, Gaithersburg Coin Exchange has earned the respect and esteem of Americans.

Unfortunately, Gaithersburg Coin Exchange lacks BBB accreditation and a modern website. In addition, they do not provide precious metals IRAs or storage facilities, and they have been accused of providing poor customer service.