FAQ
General
Prices are set by the spot price at time of the transaction in our store.
Yes.
The Redbook is published every year and contains retail values of all U.S. coins as well as other useful information about them. It is a valuable resource for coin collectors, both beginners and veterans.
You can like us on Facebook at facebook.com/herbscoins and stay updated.
No. We are a small independent business located in Port Charlotte, FL, but you can also find us on eBay at stores.ebay.com/herbscoinshop, where we have a great selection of items to purchase and bid on.
No, we are not a pawnshop. We are a Second-Hand dealer. We buy and sell only.
Please bring your items in. We need to see them in order to give an accurate appraisal. For instance, a coin’s value can vary by thousands of dollars depending on the condition of the coin.
An appointment is not necessary, but we ask that you arrive before 11 AM during the week or before 10 AM on Saturday to ensure that a member of our team can provide you with our undivided attention.
Many of our customers drive from as far away as 100 miles from areas such as Tampa, Lakeland, Naples, Fort Myers, Sarasota, Arcadia, Okeechobee, and Marco Island. We also have customers coming from overseas locations such as Europe, England and South America.
We accept all major credit cards, cash, local bank checks, and Bitcoin (only up to a $600 USD value).
We recommend cash or bank checks if you intend to buy a substantial amount of bullion.
As far as content of metal, spot price, and tradability is concerned a bar and a coin do not have much of a difference. The biggest difference is that bars are better suited for investors interested in accumulating as much metal for their money, since it carries a low premium. Coins on the other hand are a collector’s favorite, since they have different designs and tell different stories. Coins do have a higher premium, since they are specially made.
Yes, but anyone under the age of 18 must be accompanied by a parent or guardian.
Coins
Absolutely not! Cleaning can result in lower grades and a drastically lower appraisal.
We only exchange Euros, British Pounds, Swiss Franks, Mexican Pesos & Canadian money. We buy all demonetarized collectible world currency.
Yes, although we do not provide an exchange rate on coins other than British Pounds, Euros, and Canadian, we do buy collectible coins that have been demonetarized.
On October 8th, 1942 the wartime five-cent piece composed of copper 56%, silver 35% and manganese 9% was introduced to eliminate nickel, a critical war material. 1942-1945 are the years these war nickels were made. They carry a premium for their silver value. We buy and sell these nickels.
Yes, we have these uncirculated coins and also the books and sets to put them in.
Yes, we are an authorized dealer with NGC, PCGS and CAC. We can send your coin or coins in to get graded. We can also give you our opinion if it is worthwhile if you have questions about whether to get your coin slabbed (graded) or not.
Yes we have a large inventory of mint and proof sets.
Scrap Gold and Sterling Silver
We pay more! We pay more because we operate on a large volume and we ship it off directly to melt. Many other dealers even resell their scrap they purchase to us as well.
Terms / Glossary
Ask — The selling price of a coin or a bar.
Bid — The buyback price of a coin or a bar.
Bullion — A precious metal, such as silver or gold, in bulk, which are regularly traded on commodities market.
Coin Grading — A grading system used to describe a coin’s condition. One of the most commonly used system uses a 1-70, with a 1 for coins in poor condition and a 70 for “Mint-State” condition, which is a perfect coin.
Markup — The amount added to a coin or bar’s cost to obtain the selling price.
Melt Value — The value of a coin or bar calculated based upon the precious metal content and the spot price of the metal. For example, if a coin contains 5 ounce of gold and the spot price is $900/ounce, the melt value of the coin is 5×900=$4,500.
Obverse — The front or “heads” of a coin.
Reverse — The back or “tails” side of a coin.
Premium — The amount charged above a coin or bar’s melt value.
Spread — The difference between a coin or bar’s “ask” price and its “bid” price. For example, if a coin’s ask price is $100 and its bid price is $70, the spread is $30 or 30%.
Spot Price — The price paid based upon immediate delivery of precious metal. Spot prices are typically set by the commodities market and values for gold, silver, platinum, and palladium are listed on the Home page.
Directions & Business Hours
We are located at 2348 Harbor Blvd., Port Charlotte FL 33952.
We are open Monday through Friday: 8:00AM to 3:00PM and Saturday: 8:00AM to 12:00PM. We are closed on Sundays.