Pinehurst Coin Exchange Review 2023: Are They a Scam?

Pinehurst Coins has successfully established itself as one of the major distributors of coins, bars, and rounds in the whole precious metal industry.

This is a reliable and trustworthy company that specializes in gold, silver, palladium, and other types of precious metals. This company also offers certified rare coins, jewels, watches, and other numismatic artifacts.

Because of its more than 18 years of experience and reputation for exceptional customer service, Pinehurst Coins may be the finest option for anyone looking to purchase high-quality precious metals at reasonable prices.

Investing money is a serious undertaking, so let’s get started. How do you know which companies to trust with regard to comes to incorporating precious metals into your portfolio?

Because of this, we looked into every business in the sector and chose the very few with the highest standards for customer care.

It allows you to swiftly evaluate the leading companies in the industry and select the one that best suits your needs and financial objectives.

Protect Your Wealth & Get Huge Tax Savings!

Getting to Know More About Pinehurst Coins

Pinehurst Coin Exchange, a physical store located in North Carolina was founded in 2004, and has transformed from a small eBay store business selling simple coins to one of the biggest and most reputable online precious metals sellers in the country.

Vincent Wade, the proprietor, is a numismatic enthusiast who spent eight years as a combat engineer in the US Army before starting his own coin business.

Given his modus operandi of arduous effort, dedication, and discipline, success was in fact assured.

Pinehurst Coins’ primary objective is to provide their customers with the highest quality holistic buying and selling experience possible. This has allowed it to have a positive and major impact on the numismatic community.

As a result, the company earned the esteem of the American Numismatic Association (ANA), the Certified Coin Exchange (CCE), and the Professional Numismatists Guild (PNG).

Pinehurst Coins is also a PCGS, NGC, and PMG-authorized dealer and has an A+ rating with the Better Business Bureau.

What are the Products Offered?

This is one of the best gold companies that offers and purchases high-quality products of all sizes. You can find the following:

Gold

To say the least, Pinehurst Coins’ gold inventory is remarkable. Clients can find gold coins from China, Australia, South Africa, Canada, the United Kingdom, and, of course, the United States on their website. They also have gold coins from before 1933 and medieval times, as well as bars and rounds.

The best feature is that they display the pricing of each item in real-time (updated every five minutes), so customers can be confident that they are receiving a fair market value.

Among the most notable gold coins and bullion are:

American Eagles

American Buffalos

Valcambi Suisse

Credit Suisse bars

Silver

Pinehurst Coins additionally provides an extensive collection of American and foreign silver coins, as well as silver bars and rounds from the US Mint and other recognized mints across the world. They stock about 4,000 different silver goods, including commemorative coins and outstanding bullion.

Coins and Paper Money

Pinehurst Coins began as a rare coin and collectibles business, so it’s no surprise that they have some of the market’s most sought-after coins. Error coins (which Mints do not release into circulation due to different flaws) and historic currency notes (such as US Goldback Aurums and Legal Tenders) are among their most desirable collectibles.

Other Things

Pinehurst Coins additionally offers jewelry, watches, books, & collectors supplies. Coin storage boxes, precious metals verifiers, double pocket coin flip safes, and numerous additional items are accessible. Sports fans are also able to buy sports cards as well as memorabilia, which includes the 1959 Topps Hank Aaron Rookie Card.

Services Offered

Pinehurst Coins’ team is comprised of specialists who have been carefully selected to provide their clients with an amazing experience. Toni Koontz, for example, has over 25 years of teaching experience, which has given her the capacity to rapidly and effectively analyze the needs of each client.

Vincent Wade, the company’s proprietor, is a qualified numismatologist who is dedicated to assisting others in making sensible investments.

As part of its dedication to its customers, the organization also offers appraisal, advising, and grading services. Furthermore, for individuals who want to sell their collections swiftly and securely, they provide affordable commission rates on all types of silver and gold coins.

Shipping

All orders at Pinehurst Coins are shipped for free. They claim to deliver within five business days on their website, however, they constantly strive to ship within one business day. All of their products are properly insured and shipped in discrete packaging while in transit.

Clients should be aware, however, that Pinehurst Coins exclusively ships within the United States. Furthermore, if a product contains “presale” in the subtitles and descriptions, the shipment date is liable to vary, sometimes requiring an additional five days for clients to get their orders.

Costs and Prices

By being open and honest about its pricing, Pinehurst Coins distinguished itself. On their official site, real-time market prices are presented. Additionally, while buying or selling goods to their customers, they match or undercut the pricing of the competition under their “Price Match Guarantee” program.

Since its inception, the goal has been to make a business model in which the client always receives excellent customer service.

How to Start Using Pinehurst Coins

Customers of Pinehurst Coins may make purchases from them as either guests or clients who have registered with them. Customers who sign up with the business have access to additional tools like making Wish Lists and controlling their orders.

Coin collectors must first select the item they wish to buy and add it to their cart before using Pinehurst coins. After that, they can proceed to the checkout and enter their shipping and payment details. Within 48 hours of completion, Pinehurst Coins will review the order and get in touch with the customer to confirm the purchase.

To find out about pricing or product availability, you can also phone one of their representatives directly or send them an email. People who live close to Pinehurst, North Carolina, can also buy or sell coins at their retail location.

Advantages of Purchasing Rare Coins, Precious Metals, and Collectibles

Gold, and silver, along with other precious metals are widely regarded as excellent ways to protect wealth and have been shown to be more secure than paper money. Additionally, people invest in them nowadays for:

Tax Benefits

Rare coins benefit from a very lenient sales tax and appreciate without being subject to yearly taxes like returns from equities and bonds. The U.S. classifies gold and silver as assets, therefore they are subject to the same 15% capital gains tax as other investments.

A Protection Against Price Increases and Market Declines

When times are tough economically, and when other investments frequently suffer losses, it has been observed that the value of rare coins rises. As a result, your purchasing power is secured, and when the market rebounds, you will profit from your investments.

Diversifying Investment Portfolios

Having all of your money in one or maybe two investments might be quite risky. You ought to be ready to rely on other people in the event that something unfavorable happens to one of your investments till the market recovers. Because they are not influenced by the same factors that influence other assets, precious metals can be a fantastic way to diversify your portfolio.

Privateness and Discretion

Rare coins and precious metals, in contrast to conventional investments, can be acquired and sold without disclosing any of your personal information. They are therefore excellent for anyone who want to keep their financial matters confidential.

Potential Dangers

Dishonest Traders

Recently, there has been a rise in dishonest coin dealers who prey on uninformed or amateur investors. It is advised to always deal with trusted merchants like Pinehurst Coins who have a great track record and reputation.

Volatility

Coin values can fluctuate significantly. People’s opinions on that specific coin are one of the many factors that affect market movements. There are cases where a coin’s value will decrease if its reputation does.

Security and Storage

Coins must be protected from theft and damage since they are tangible objects. Think about storing them in a safe place or getting insurance coverage designed especially for your coins and collectibles.

Offers a Gold IRA Pinehurst Coins?

Regrettably, no. On its website, Pinehurst Coins makes no mention of providing gold IRA services. If a precious metal IRA is not the best option for you to use to grow or save your wealth, take into account the following:

Goldco

Augusta Precious Metals

American Hartford Gold

Birch Gold Group

What to Consider When Investing in a Gold IRA

First, you must ensure that any precious metal you purchase as a backup for your gold IRA account complies with IRS regulations.

In other words, you can only purchase coins and bars that have been produced by refineries that have been authorized in the US, Canada, Great Britain, Austria, Australia, or South Africa. Also, they must be exceedingly pure.

To administer your gold IRA, you need secondly look for a custodian who has received an IRS license. Make sure you choose a trustworthy custodian who will be able to store and preserve your savings until you retire because not all of them have this authority.

Last, but not least, remember to include in the cost of storing the precious metals that support your gold IRA. Thankfully, the majority of depositories in the nation are safe and insured. To make sure you’re getting the greatest bargain, you should also educate yourself on the various costs connected with gold IRA accounts.

Pros and Cons

This Pinehurst Coins review will not be completed without giving you the advantages and disadvantages of this reliable and trustworthy precious metals dealer.

Pros

Wide Selection: If Pinehurst Coins offers a broad range of coins and precious metals, it can be a one-stop shop for collectors and investors.

Reputation: A positive reputation for customer service, reliability, and trustworthiness is crucial in this industry. They offer products with great prices and free shipping.

Security: Secure storage and delivery options for precious metals can be a pro, especially for investors concerned about safety.

Expertise: Knowledgeable staff or resources can help customers make informed decisions.

Cons

Pricing: Prices for coins and precious metals can fluctuate, and some dealers may charge higher premiums or fees.

Storage Fees: If using storage services, there may be ongoing fees associated with keeping your metals secure.

Shipping and Handling: Costs, timelines, and policies for shipping and handling can vary and may not always meet customer expectations.

Market Volatility: Precious metals prices can be subject to significant market fluctuations, which can affect the value of your investments.

Counterfeit Risks: It’s essential to be cautious about counterfeit coins and ensure the authenticity of any purchases.

To make an informed decision about Pinehurst Coins or any other coin dealer, I recommend researching recent customer reviews, making sure they are real and not fake reviews, checking their current offerings and policies, and reaching out to them directly with any specific questions or concerns.

Conclusion

It has grown more and more common over the past several years to invest in precious metals and rare coins, so doing so is usually a good choice. You can gain a lot by investing in these assets, including tax breaks and portfolio diversification.

However, do your research and select a reliable dealer like Pinehurst Coins that will give you exceptional service and advice before investing in precious metals or rare coins.

If investing in gold IRAs appeals to you, keep an eye out for firms licensed to handle such assets and research the costs related to various depositories.

FAQ about Pinehurst Coins

Certainly, here are some frequently asked questions (FAQs) that one might have about Pinehurst Coins, a coin dealer or precious metals company:

What is Pinehurst Coins, and what services do they offer?

Pinehurst Coins is a company specializing in the sale of coins and precious metals. They offer a range of numismatic coins, bullion products, and related services.

How can I purchase coins or precious metals from Pinehurst Coins?

Typically, you can browse their inventory on their website, select the items you wish to purchase, and complete the online order process. They may also offer phone or in-person purchasing options.

What types of coins and precious metals do they sell?

Pinehurst Coins may offer a variety of coins, including historic, rare, and modern issues. They may also provide bullion bars and coins in various metals like gold, silver, platinum, and palladium.

Do they offer storage options for purchased precious metals?

Some precious metals dealers provide secure storage solutions. You can inquire about their storage options and associated fees if applicable.

What is Pinehurst Coins’ reputation in the industry?

Research their reputation by reading customer reviews, checking for any complaints, and assessing their overall standing in the numismatic and precious metals community.

What payment methods are accepted by Pinehurst Coins?

Typically, dealers accept various payment methods, including credit cards, bank transfers, checks, and sometimes cryptocurrencies. It’s essential to confirm their accepted payment options.

Are there any warranties or guarantees on the coins and precious metals they sell?

Some dealers offer guarantees of authenticity and quality. Inquire about their specific policies regarding returns and refunds.

What is the process for selling coins or precious metals to Pinehurst Coins?

If you’re looking to sell your coins or precious metals to them, ask about their selling process, including how they assess the value and offer prices.

Are there shipping fees or insurance costs for orders?

Understand the shipping fees and insurance options associated with your purchases to ensure your items are delivered securely.

Is Pinehurst Coins affiliated with any industry organizations or associations?

Some coin dealers are affiliated with numismatic organizations. This can be an indicator of their commitment to industry standards.

Always contact Pinehurst Coins directly or visit their official website for the most up-to-date information and answers to specific questions you may have.

Other Precious Metals Dealers:

Tim Schmidt

About 

Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.