Park Avenue Numismatics
2742 Biscayne Blvd.
Miami, FL 33137
Toll Free: 888-419-7136
Secure Private Ordering
We use the latest online security processing, so your order is safe & private. We DO NOT disclose any customer information to ANY third party company. Our customer privacy is our priority.
Over 30 Years Experience
Park Avenue has over 30 years experience buying and selling Rare Coin and Precious Metals. We have the knowledge and ability to provide our customers with the best products and services.
How will my rare coins and precious metals be packaged?
We take caution to ensure that all packages are carefully and discreetly wrapped. All products are packaged in a box within a box.
How much does shipping cost?
Shipping is determined by several factors, including the weight and value of your order. Though shipping charges will vary, they will be fully disclosed at the time your order is confirmed so there will be no surprises.
How is my order shipped, and what are other shipping options?
We typically ship either USPS, Express Mail, Registered Insured or FedEx depending on the weight of the package. All shipments require signature on delivery.
Where does Park Avenue ship to?
Anywhere in the United States and some locations in Canada.
When will I receive my order?
Orders paid by check or credit card will ship within one business day to twelve (12) business days after receipt of payment. Orders paid by bank wire are usually shipped within 24-48 hours, depending on current availability and inventory. Shipping times are affected by many factors outside of Park Avenue's control and may change at our discretion and without prior notice to customers or potential customers.
Can Park Avenue store my precious metals instead?
We can arrange industry leading pricing on third party storage for certain products. Speak to your Account Executive for details and prices.
Do I have to be a collector to invest in gold?
Most of our clients are not collectors. However, we find that some investors become interested in coin collecting both as a hobby and as an additional means of diversifying their assets. There is an undeniable thrill in owning a coin that may have circulated in Biblical times or was recovered from a Civil War shipwreck. Park Avenue’s in-house numismatists can assist you with starting or adding to a coin collection.
Should I buy gold coins or gold stocks?
There are times when some investors may choose to own stock in mining companies instead of physical metals. It’s important to weigh the potential risks involved with buying shares in a company instead of the actual physical asset itself. As a sector, mining stocks have significantly underperformed over the last ten years when compared to physical metals.
Should I buy gold, silver, platinum, or palladium?
There are a variety of options available for you to invest in, such as bullion, semi-numismatic, and rare coins all of which Park Avenue Numismatics specialize in. Park Avenue strongly believes that diversification is important to having a strong investment portfolio.
How much should I invest into precious metals?
Park Avenue Numismatics recommends investing 10-20% of your wealth into precious metals. Others may recommend various amounts. However, it will be best to consult with your certified financial advisor and/or account if you wish to invest more than the percentage we recommend. For more information about investing in precious metals, call a Park Avenue Account Executive today!
Are there any risks in investing in rare coins and other precious metals?
Precious metals and rare coin investments are not for everyone and involve risks. Although precious metals have always retained value, such markets are unregulated, speculative, and constantly changing. Therefore, Park Avenue doesn’t guarantee that rare coins or precious metals purchased may be sold back at a profit. As an investor or a collector, we encourage you to educate yourself of the risks, prices, and policies regarding purchase of rare coins and precious metals.
Can I buy gold or other precious metals at “spot price?”
Typically not. The spot price of gold is an international indicator that changes constantly. It’s not too dissimilar from the price of a barrel of oil. Though movements in the price of oil do affect gas prices, the price a consumer actually pays at the gas pump to fill up a car includes manufacturing and availability premiums. The relationship between gold or silver spot prices and the final cost of a bar or coin is similar to the oil/gasoline comparison. Often times precious metals products will be discussed in terms of their relationship to spot. For example, a buyer might get a quote of “$20 over spot” to buy a gold bar. As such, all precious metals products have two components to their value: The spot price (or “melt” value) and the premium over the spot price. Those premiums range from as low as a percent or two, all the way up to millions of dollars per ounce for the rarest coins! So in the end, buyers can often purchase products at prices very close to spot, but all products carry some premium. Otherwise we would all just melt them down into big blobs of gold!
How do I create an account on parkavenumis.com?
To create an online account in which you’ll be able to request information, receive newsletters, etc., there is a “Login/Register” button at the very top of Park Avenue’s website. Simply click on the “Register Now” button and follow the steps given.
How does Park Avenue handle my personal information?
Upon the creation of a Park Avenue Website account, registration forms and order forms used to request information, products and services on Park Avenue’s site may require you to give us your contact information (i.e., name and email address) and demographic information (i.e., zip code and state). We use this contact information from the registration and/or form to send you information about our company at your request. Your contact information is also used to contact you when necessary for additional information or to process or fulfill your request. Demographic and profile data may also be collected. We use this data to help us improve the Web site and our product and service offering.
What are the benefits of having a Park Avenue account?
Having a parkavenumis.com account helps ensure your access to the latest in industry and market news, as well as helping you organize your purchase requests and wish-list items.
I receive too many unwanted emails from Park Avenue.
If we send you an email, it will contain an opt-out link, which you can click to have your name removed from our email list.
What is an IRA?
Individual Retirement Account, or IRA, provides either a tax-deferred or tax-free way of saving for retirement. There are many different types of accounts within the world of IRAs, depending on the financial goals and situations of each individual.
Can I add precious metals to my IRA?
Yes you can. We process many new IRA accounts each year, placing physical gold and silver into IRAs for our clients.
How do I open a Precious Metals IRA?
You can choose to contact a custodian of your choice to open a gold IRA, or we can assist you in the process, which typically takes about 20 minutes to complete.
Can I take physical possession of my IRA metals?
Most IRA metals are stored at third party depositories. Park Avenue recommends consulting a tax professional as each person has a unique financial situation, which will determine the answer to the question being asked. As we are not tax professionals, we cannot advise you the right answer. However, note that precious metals IRAs, just like traditional IRAs, may trigger various tax actions or offer specific tax advantages based on your age, the value of your account and the duration of your holdings.
What is Park Avenue's return policy?
All bullion and semi-numismatic orders are final upon confirmation, and no refunds are available on bullion and semi-numismatic items. Refunds will not be issued under any circumstances except where expressly guaranteed by individual state law and in accordance with specific provisions thereof. First time customers purchasing certified coins can take advantage of our 5-day return policy. Please consult our risk disclosure for details.
I received the wrong item, or item is lost or damaged.
Lost or damaged shipments may be replaced at Park Avenue’s discretion either by replacing the order as originally confirmed, or by refunding the customer’s purchase price. Refusal to accept packages or returning packages to Park Avenue does not entitle customer to a refund. Any discrepancies in the deliveries must be reported to Park Avenue within three (3) days of receipt of the package, and all original packing materials must be retained and reasonably intact. After the expiration of three (3) days from the day the packages are received, Park Avenue Numismatics assumes all deliveries were received as ordered and will not address discrepancies.
Tax & Liabilities
Does Park Avenue report my purchase(s) to the IRS?
No. There is no mandatory reporting of precious metals purchases unless paid in cash or cash-like instruments (such as money orders). There are some products that will trigger reporting when sold to Park Avenue. Please consult your tax professional for details.
Other concerns regarding taxes and liabilities.
We never give tax advice. Questions of tax liability and benefits are complicated and should be directed to your certified accountant. Though there may be tax benefits assigned to precious metals ownership, and certain products offered may fall under different reporting requirements than others, Park Avenue makes no guarantees express or otherwise as to the tax benefits of owning any product at any time.
Buying From & Selling To Park Avenue
Who can buy from Park Avenue?
We provide rare coins and precious metals to private investors, investor groups, institutions, and other precious metals companies.
Is there a minimum order?
We typically ask that orders be at least $100 for silver, $1500 in value for gold, platinum or palladium when investing in precious metals. This minimum order size does change with transaction volume and may be higher or lower at any given time.
Is there a maximum order?
No there is not. Some larger orders may take more time to ship. Please consult with your Account Executive for details.
What types of payments does Park Avenue accept?
Park Avenue accepts payment through bank wire, personal check, or credit card for purchases of semi-numismatic and certified coins. We do not take cash or money orders. Park Avenue may collect any additional fees for credit card use, and may offer cash discounts in certain situations. Bullion orders may only be paid via bank wire or personal check, and prices on bullion will not be locked in until payment is received at checkout on our website and/or a recorded telephone confirmation is conducted for phone orders. We request that all orders over $100,000 be satisfied by bank wire, and we may place dollar amount limitations on certain payment methods.
Does Park Avenue back order items?
From time to time we experience delays in receiving products from vaults and other wholesalers. In these instances, Park Avenue may choose to backorder an item. Backordered items typically ship within one week of their original projected ship date.
Can I make changes or cancel my order after it has been placed?
Typically, orders not paid within the allotted time period will be cancelled, and all bullion and semi-numismatic orders are final upon confirmation. Park Avenue extends the right to all first-time customers to cancel certified coin transactions at any time for any reason up to three (3) calendar days after the date on which the transaction was confirmed. However, all second and subsequent certified coin orders are final on completion of a tape-recorded verbal confirmation. Please refer to Terms of Sale for all website orders.
Can I trade a product for another?
We do not recommend trading one product for another, because in such transactions the customer pays the bid/ask spread on both the original product purchased and the product for which the trade was conducted. No one can know with certainty that any product will outperform another product. Park Avenue may, at our discretion, help customers facilitate a trade from one product to another. In such transactions, customers should educate themselves about all consequences of such transactions.
Can I sell back coins and/or other precious metals previously purchased from Park Avenue?
Yes. For more than 30 years, Park Avenue has offered to buy back all the coins we have sold at our then current bid prices, and without any liquidation fees. Should you choose to sell the coins you purchased from us, we would appreciate the opportunity to offer you our bid (buyback) price for your coins. For more information, refer to our Investment Risk Disclosure page under Buy-Back and Liquidations or call your Account Executive.
How and where should I send my rare coin and precious metals I’d like Park Avenue to liquidate for me?
You may mail your packages to Park Avenue at 2742 Biscayne Blvd, Miami FL 33137 via registered and insured US Mail. Such packages should be independently insured through the mail carrier you use, and Park Avenue doesn’t take responsibilities for any packages until signed for by a Park Avenue employee. Packages being mailed should show no reference to rare coins or precious metals in any way. Do not tell carrier or post office personnel what you are shipping. For further details, speak with your Account Executive. If you are selling in excess of $10,000 you can request our fast Fedex Service by calling us at 1-888-419-7136. We will assist you with all logisitcs of shipping your package to us,