Word of Mouth has been our largest asset! ×
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Welcome to Toledo Coin Exchange FAQs Page


Our Store Hours

Closed Sunday & Monday
Open Tuesday 10-6
Open Wednesday 10-8
Open Thursday 10-6
Open Friday 10-6
Open Saturday 9-3

Member of the BBB

Click to verify BBB accreditation and to see a BBB report.
We are also a member of the BBB with an A+ Rating. Click to verify BBB accreditation and to see a BBB report.

ANA Life Member 30 Years!

ana
The ANA dates back to 1891 and has been chartered by Congress. The ANA coin site is chock full of information for new and experienced numismatists: ANA Site


Toledo Coin Exchange
WELCOME TO THE TOLEDO COIN EXCHANGE FAQs PAGE

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Learning to grade coins?If you want to sell your coins, the following FAQs may be of some help to you. However, to get the best price for your coins, coin values can really only be determined by someone establishing the condition or grade of your coin(s). If you have a question not answered here, just send an e-mail to us at toledocoin@bex.net, or call our store number 419.885.3444 or you can also call our toll-free telephone number 888.795.6446.

What days are you opened?

· Tuesday, Thursday, Friday 10:00 a.m. – 6:00 p.m.

· Wednesday 10:00 a.m. – 8:00 p.m.

· Saturday 9:00 a.m. – 3:00 p.m.

· Closed Sunday and Monday

What kind of coins do you buy? We buy collectable coins from the United States, Canada, and all other countries of the world. A coin is defined as: a piece of metal stamped and issued by the authority of a government for use as money. Most of the times the coin will have a denomination (value) stamped on it, and also a date of issue.

What makes a coin valuable or collectable? The value of a coin is determined mostly by supply and demand. A coin does not need to be old to be worth more than its face value, some newer coins have extra value. By the same token, older coins do not always have value over their face value. A perfect example is the ancient coin market. Many ancient coins are rare, in the sense that they are not easy to find. Due to the lack of interest however, many ancient coins are under $50.00 in price. Why? Supply and Demand is the answer. The ancient coins are in short supply, but the collector base is very small as well.

What do I need to bring with me, in order to sell to you? In order to sell, one MUST BE 18 YEARS OLD, and have a STATE ISSUED PHOTO ID. Even if you have been in our store in the past, you still must present an ID every time you sell.

How do I tell if my silverware is solid, or just plated? Most solid silver silverware will be marked with the word sterling or 925. The marking has been a requirement since 1860. Most of the time “sterling” is marked by the name of the manufacturer on the back of the piece. It is not enough for the piece to be marked “silver”; it should be marked “sterling” or 925. Keep in mind that if it is made of solid sterling, the company will most likely mark it as such for prestige and for increased pricing.

Where are you located? We have been at 5590 Monroe St. Sylvania OH, 43560 since 1986. We are approximately 1 ½ miles west of Westfield Mall on Monroe St, or approximately 1 mile east of US 23. We are between Whiteford and Cory Rd., just past Vin Devers Mercedes dealership. Also look for our 30 ft. high sign with a gold coin on top.

Do you close for lunch? We take lunch in shifts at Toledo Coin Exchange; there will always be somebody here to serve you during business hours.

How do you buy gold jewelry? We are currently on line through a satellite dish. You will be quoted current market prices for all of your precious metal items. Our scales are stamped with the seal of approval from the Lucas County Weights and Measures Department, for correct accuracy. We also check the karat (purity) of your gold using nitric acid. We separate the gold out by karat, and pay you accordingly. The higher the karat, the higher the purity of gold, and therefore the more we can pay per unit of weight.

Do you buy gemstones? We are currently buying some diamonds, but most other gemstones we don’t have a value for at this time. Feel free to still bring the jewelry in, and we can still give you a fair value for the gold or silver items.

Can you remove my gemstones or diamonds? Due to state law, we cannot remove your gemstones; all jewelry bought must be kept in condition in which it was bought. We ask that if you like the gemstones to have them removed by a jeweler prior to coming to our store.

When were coins made of silver or gold? Dimes, quarters, and half dollars were made of 90% silver up to 1964 inclusive. The half dollars were reduced in purity from 90% silver to 40% silver from 1965-1970. Silver dollars were made of 90% silver up to 1935 inclusive. Jefferson nickels were made of 35% silver from 1942-1945. Currently the United States makes a Silver Eagle, which is a one dollar bullion piece. The United States also makes a Gold Eagle in 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz pieces. Some United States Commemorative pieces are currently made out of gold or silver as well.

Do you exchange money from other countries? If the money is still redeemable in the country of origin, we do not exchange it here. It is best to call around to some of the downtown branch banks and inquire about exchange. Or there is an international money exchange at Detroit Airport. You can contact them at (734) 941-1202.

Is there a coin club around Toledo I can join? The Glass Center Coin Club meets the 2nd thursday of every month at 7:00 p.m, at Jaeger hall at St. Clement, 3030 Tremainsvill rd., Toledo OH, 43613. For further information, e-mail Royce Hutchinson at royce.hutchinson@accesstoledo.com.

How do you figure out pricing for gold and silver? We pay a company to give us up to the minute pricing for gold, silver, platinum, and palladium. They update our onsite computer for us with any changes in the precious metals market.

Do you pay cash? We pay by check for nearly every transaction. Due to the amount of purchasing we do on a daily basis, it is safer for us and the customers to not keep high amounts of cash on hand.

How do I cash a check? We use Key bank for all of our transactions. You can cash our checks at Key Bank if you wish, they will charge a fee if you do not have an account with them. We recommend that you cash the check at your own bank or institution. There are also many check cashing places around the area to assist you in cashing the check, for a fee.

What does karat mean? Karat is defined as a unit for measuring the fineness of gold, pure gold being 24 karats fine.

Why is my jewelry marked 417, 583, 750 or 925? This is normally an indication of the purity of the item. 417 is the marking for 10k gold (10 karat /24 karat = 41.7%). 583 is the marking for 14k gold (14 karat /24 karat = 58.3%). 750 is the marking for 18k gold (18 karat /24 karat = 75.0%). 925 is the marking for sterling silver.

Why is my jewelry marked 1/10 10k, 1/20 14k, or 12k G.F.? These are all marking for gold filled jewelry. Gold filled is basically gold plated. Gold plated used electricity to bond gold to a base metal. Gold filled is a way of placing a layer of gold over a base metal, and bonding it through heat and pressure. Since the overall gold content is very low, the price is very low.

Can a piece of jewelry be marked with the karat marking or purity and be bad gold? ABSOLUTELY! As a matter of fact, we see this on a daily basis. There are less the scrupulous people that will intentionally mark jewelry falsely in order to fool others. Your best defense against this is to only buy jewelry from a recognized seller, such as a jeweler, department store, or other such place.

Can I test my jewelry at home to see if it is good or bad? Using a magnet is a good method for helping one determine if their gold is good. If the piece snaps to the magnet, it is most likely bad. However, if the magnet does not pick the piece up, this does not indicate it as a good piece, but is one phase for determination. Another way to test gold is using nitric acid. We can do that in the store for free for you, or you can buy a kit yourself and test it at home. Use caution however, the acids can cause burns, and should be kept away from children.

Do you carry coin supplies? We do carry coin and some stamp supplies all at 20% off the suggested retail price. If we don’t carry it, we can look into ordering it in for you.

Do you deal in stamps? We no longer deal with stamps as our expert retired several years ago. I don’t know of any stamp shops left in the Toledo area. There is a coin show at St. Clements hall at 3030 Tremainsville Road, the 3rd Sunday of the month. Sometimes there are a couple of stamp dealers that setup there.

We've been in business since 1980 and we are the largest coin shop in the Toledo, Lucas County area. We a
re also a member of the BBB with an A+ Rating.

We have an extensive inventory that changes constantly so please feel free to email us at toledocoin@bex.net or call us anytime at + 419.885.3444 or you can also call our toll-free telephone number + 888.795.6446. If you are viewing our site on your mobile devise, simply click the number and it will connect you directly to one of our associates.

 

Word of Mouth has been our largest asset!
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Probate Court Approved.

State Precious Metals Licence for 30 years. Past President of Glass Center Coin Club (1964 - 1974).

Completed Coin Authentication Course (1979 - 1980).


$50 Gold Eagles

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2010 Gold Eagles Are now in stock, call or e-mail us for price quotes.

Collectable Coin Information Sites


The Smithsonian offers a huge range of interesting information, including an abundant and historical coin collection. However, you won’t find a specific category or menu option to track down all their coin or numismatic content. Usually their search feature is the best place to start. A sampling of what you can find is the following interactive and must see coin site:


Coin Collecting Magazines


Coin mint errors:
Outstanding information on mint errors from around the world, their prices and excellent error coin photos can all be seen and read at:
Mint Error News
An online reference and valuation site that includes ancient Roman, Greek and Byzantine coins with exquisite photos is:
Wildwinds.com

A reference site dedicated to world modern platinum coins:
Platinum Coins .info

A reference site dedicated to Chinese gold, silver and platinum coins with low mintage: Rare Chinese Coins .info
Chinese paper money, currency & banknotes reference site:
china-banknote.info

A site dedicated to Australian Kookaburra coins:
KookaburraCoins.com

Government Mint Websites

United States Mint
Royal Canadian Mint
The Royal Mint
Royal Australian Mint
The Perth Mint Australia

Collectable Coin Information Sites


Legendary Coins & Currency 

With 19 million coins graded commanding a total value of nearly $20 billion, PCGS represents the industry standard in third-party certification.


All information on this website is © Copyrighted 2014 by Toledo Coin Exchange, LLC., All Rights Reserved.
Site design by E-GraphicsDesign.
Site Map and Information[Home] [Company] [Services] [Collectables] [Bullion] [FAQs] [Testimonials] [Contact Us]
Legal Disclaimer SELLING POLICIES: Due to the ever changing metals market, all prices are subject to change without notice. All orders are held until checks or wires clear the bank. We do not accept credit card purchases on bullion trades.
SHIPPING POLICIES: Due to restrictions with shipping, insurance, and customs, we do not ship orders outside the United States of America at this time.
PRIVACY POLICY: Any information collected from visitors to this website will only be used in serving our customers, in completing our business transactions with our customers, and not shared with third parties. All material on this site is copyright by Toledo Coin Exchange or by third parties. No reproduction or reuse of this material is permitted without prior written consent.

Toledo Coin Exchange LLC.!

Contact Us for coin Availability and Prices!

Call Our Store(419) 885-3444
Toll Free (888) 795-64464or email us at toledocoin@bex.net

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