Name: Bellevue Rare Coins
Item: Bellevue Rare Coins Reviews: Fees, Complaints, Lawsuits, and More
Rating: 7.9
Author: David

7.9Expert Score

Bellevue Rare Coins

With multiple locations in the US, they are among the most prominent coin dealers in the country.

Trust

8.5

Fees

7.5

Customer Service

Reputation

8.5

Pros

Multiple Locations
IRA Services
Experienced Team

Cons

Limited Online Presence

Bellevue Rare Coins: Unique Highlights Overview

Bellevue Rare Coins, established in 1979, is a family-owned business with a rich history and a strong presence in the Pacific Northwest. Here are some unique highlights that distinguish Bellevue Rare Coins:

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Family Legacy and Expertise

Founded by Patrick “Pat” Hoolahan, the business has grown under the stewardship of his children—Eric, Ryan, Daniel, and Angela—each bringing specialized expertise in numismatics, precious metals, and jewelry. This familial foundation ensures a deep-rooted passion and knowledge in their services.

Comprehensive Services

Bellevue Rare Coins offers a wide array of services, including buying and selling rare coins, currency, bullion, diamonds, and jewelry. They provide appraisal services to accurately determine the value of items, ensuring fair and competitive offers for sellers and confidence for buyers.

Multiple Convenient Locations

With four locations in Bellevue, Lynnwood, Issaquah, and Tacoma, Bellevue Rare Coins ensures accessibility for clients across the Greater Seattle area. Each location is staffed with knowledgeable experts ready to assist with buying, selling, or appraising valuable items.

Commitment to Community and Philanthropy

The Hoolahan family emphasizes giving back to the community, aspiring to impact numerous charities annually, primarily benefiting children. Their philanthropic efforts reflect a commitment to social responsibility and community engagement.

Educational Resources and Customer Engagement

Bellevue Rare Coins provides educational content on topics like coin collecting, grading, and the coin-making process, fostering an informed customer base. Their dedication to education enhances the overall experience for collectors and investors.

Positive Customer Feedback

The business has received favorable reviews for its exceptional service, knowledgeable staff, and fair pricing, establishing it as a trusted destination for coin and precious metal transactions.

These highlights underscore Bellevue Rare Coins’ dedication to expertise, customer service, community involvement, and education in the fields of numismatics and precious metals.

Who are the People Behind Bellevue Rare Coins?

Bellevue Rare Coins is a family-owned business with a rich history and a dedicated team of professionals. Here’s an overview of the key individuals behind the company:

Founding and Family Legacy

The business traces its roots to Patrick “Pat” Hoolahan, whose passion for numismatics led to the establishment of West Seattle Coins in 1979.

His enthusiasm inspired his children—Eric, Ryan, Daniel, and Angela—to join the family enterprise, each contributing their unique expertise.

Leadership Team

Eric Hoolahan: Serving as the Chief Executive Officer, Eric brings nearly two decades of experience in the coin and jewelry industry.

He has national experience as a jewelry and rare coin buyer, maintaining an extensive network of connections.

Eric’s primary goal is to cultivate the most educated team of experts in the industry while fostering camaraderie among the staff. In his leisure time, he enjoys golfing and spending time with his dog, Pearl, who is a familiar presence at the Downtown Bellevue store.

Ryan Hoolahan: Ryan began his journey in the family business at the age of 13 and now holds the position of Chief Financial Officer.

He is a lifetime member of the American Numismatic Association and actively participates in major coin shows nationwide, continually seeking high-value coins. Despite his executive role, Ryan enjoys engaging directly with customers and evaluating items containing precious metals.

Daniel Hoolahan: As the Chief Operating Officer, Daniel is an expert in coins and jewelry, specializing in managing large estates.

He values the diverse range of collectibles and heirlooms encountered daily at Bellevue Rare Coins. Daniel has a particular interest in rare coins and currency, appreciating their historical designs and artistry. Outside of work, he enjoys golfing, coaching his children’s sports teams, and supporting his wife’s homegrown culinary endeavors.

Angela Hoolahan: Angela leads the Jewelry Department and serves as the Bullion Manager. Growing up in the family business, she developed a deep fascination with all types of jewelry.

Angela is a GIA-accredited professional with years of experience in buying and selling jewelry. She is responsible for selecting the jewelry featured at the Bellevue and Lynnwood locations. In her personal time, Angela enjoys exploring local culinary offerings and experimenting with new recipes in her kitchen.

Does Bellevue Rare Coins Offer IRA Services?

Yes, Bellevue Rare Coins offers a Precious Metal Self-Directed IRA program, allowing clients to invest in physical precious metals within a tax-advantaged retirement account. Here’s how it works:

Establishing the Account

Account Type: Choose between a Traditional IRA or a Roth IRA, depending on your financial goals and tax preferences.
Funding: Open the account with a minimum investment of $5,000. You can fund it with new contributions or roll over an existing IRA.

Selecting Bellevue Rare Coins as Your Dealer

Dealer Selection: Designate Bellevue Rare Coins as your precious metals dealer to facilitate the purchase of approved bullion products.

Investment Process

Custodian Partnership: The IRA is administered by GoldStar Trust Company, which acts as the custodian of your account.
Investment Instructions: Provide specific instructions to GoldStar regarding the precious metals you wish to purchase.
Approved Bullion: Invest in eligible physical metals, such as American Silver Eagles, American Gold Eagles, American Platinum Eagles, and select other bullion products.

Storage and Security

Secure Storage: Your physical precious metals are stored in a secure depository, ensuring their safety and compliance with IRS regulations.

Account Management

Contributions: You can make annual contributions to your IRA, subject to IRS limits, to grow your investment over time.
Annual Statements: Receive yearly statements detailing the fair market value of your account, keeping you informed of your investment’s performance.

Withdrawals

Distribution Options: Upon reaching retirement age, you have the option to take distributions in the form of physical metals or liquidate them for cash, depending on your preference.

Tax Advantages

Tax Benefits: Enjoy the same tax benefits as standard IRAs, including potential tax-deductible contributions and tax-deferred growth, depending on the type of IRA chosen.

This program provides a structured pathway for incorporating physical precious metals into your retirement planning, combining the tangible asset benefits with the tax advantages of an IRA. For more detailed information, you can visit Bellevue Rare Coins’ Precious Metal IRA page.

What Products Can You Purchase at Bellevue Rare Coins?

Bellevue Rare Coins offers a diverse range of products catering to collectors, investors, and enthusiasts. Here’s an overview of their offerings:

Rare and Collectible Coins

U.S. Coins: A comprehensive selection of U.S. coins, including Colonial issues, commemoratives, dimes, dollars, gold coins (pre-1933), half cents, nickels, quarters, and more.
World Coins: An array of international coins for collectors interested in global numismatics.
Ancient Coins: Historical coins from ancient civilizations, appealing to those fascinated by antiquity.

Bullion Products

Gold Bullion: Various gold products, including coins like the American Gold Eagle, Canadian Gold Maple Leaf, South African Gold Krugerrand, and gold bars in multiple weights.
Silver Bullion: Silver coins such as the American Silver Eagle, Canadian Silver Maple Leaf, and silver bars ranging from 1 oz to 100 oz.
Platinum and Palladium Bullion: Options include American Platinum Eagles, Canadian Platinum Maple Leafs, and bars in assorted weights.

Jewelry and Watches

Fine Jewelry: A curated collection of rings, necklaces, bracelets, and earrings featuring diamonds, gemstones, and precious metals.
Antique and Estate Jewelry: Unique, one-of-a-kind pieces with historical significance.
Luxury Watches: Timepieces from renowned brands, offering both functionality and elegance.

Collectibles and Memorabilia

Paper Currency: Rare and collectible U.S. and world paper money for numismatic enthusiasts.
Historical Documents and Antiques: Items of historical interest, including documents and artifacts.

Investment-Grade Products

Precious Metal IRAs: Assistance with setting up self-directed IRAs that include physical precious metals.
High-Value Coins and Bullion: Investment-grade products for those looking to diversify their portfolios.

Collecting Supplies

Storage Solutions: Protective cases, albums, and other supplies to preserve and display collections.
Magnifiers and Tools: Equipment to assist collectors in examining and appraising items.

Bellevue Rare Coins’ inventory is continually updated, offering new arrivals and exclusive items to meet the evolving interests of their clientele. For the most current selection and pricing, it’s recommended to visit their website or contact one of their locations directly. citeturn0search6

Bellevue Rare Coins Fees and Pricing:

Bellevue Rare Coins is committed to transparency and fairness in its fee structure for various services and transactions. Here’s a detailed overview:

Bullion Purchases

Pricing: Bullion prices are dynamic, fluctuating with market conditions and spot prices. For the most current rates, it’s recommended to visit one of their stores or contact them directly.
In-Store Purchases: There are no minimum purchase requirements for in-stock items at their physical locations. Customers can buy any quantity that suits their needs.
Phone Orders and Backorders: As of 2024, a minimum purchase of $7,500 is required for all phone and backorder transactions. This policy ensures efficient processing and service.
Payment Methods:
- Cash: Accepted without additional fees and allows for immediate processing.
- Credit Cards: Subject to a payment processing fee. Specific fee percentages are not publicly disclosed; it’s advisable to inquire directly for details.
- Checks and Wire Transfers: Accepted with a mandatory holding period before item pickup to ensure payment clearance.
- Debit Cards: Not accepted for purchases.

Selling to Bellevue Rare Coins

Valuation: Items are assessed based on intrinsic value, rarity, condition, and current market conditions. This comprehensive evaluation ensures competitive offers.
Payment Options: Sellers can receive payments via cash, check, or wire transfer, depending on their preference.

Appraisal Services

Fees: Bellevue Rare Coins offers free evaluations for items such as coins, jewelry, and collectibles. For formal written appraisals, especially for insurance purposes, there may be fees involved. It’s recommended to contact them directly to inquire about specific appraisal fees.

Return Policy

Bullion Items: Sales of gold, silver, and bullion coins are final; these items are non-returnable and non-refundable.
Non-Bullion Items: May be returned within 30 days of purchase. While no restocking fee is charged, significant market changes may affect the refund amount. Customers are encouraged to discuss returns directly with the store for clarity.

Additional Considerations

Market Volatility: Given the fluctuating nature of precious metals markets, prices and fees can change rapidly. For the most accurate and up-to-date information, it’s advisable to consult directly with Bellevue Rare Coins.
Customer Feedback: While many customers appreciate the transparent and competitive pricing, some reviews suggest a desire for more detailed fee information online. Prospective clients are encouraged to reach out to Bellevue Rare Coins for any specific inquiries to ensure clarity and satisfaction.

For personalized information or specific fee-related questions, contacting Bellevue Rare Coins directly or visiting one of their locations is recommended. Their staff is available to provide detailed insights tailored to individual needs.

What Do Bellevue Rare Coins Reviews Say?

Bellevue Rare Coins has garnered a range of reviews across various platforms, reflecting customer experiences with their services. Here’s an overview of their ratings and feedback:

Better Business Bureau (BBB)

Rating: Bellevue Rare Coins holds an A+ rating from the BBB, indicating a strong commitment to customer service and ethical business practices.

Yelp

Rating: On Yelp, Bellevue Rare Coins has a 4.2-star rating out of 5, based on 221 customer reviews. The majority of these reviews are positive, highlighting customer satisfaction with their services.

Birdeye

Bellevue Location: The Bellevue store has a 4-star rating based on 111 reviews.
Lynnwood Location: The Lynnwood store holds a 4-star rating with 266 reviews.
Seattle Location: The Seattle store has a 4.2-star rating based on 71 reviews.

Customer Feedback Highlights

Positive Aspects: Customers frequently commend Bellevue Rare Coins for their knowledgeable staff, exceptional customer service, and diverse selection of products. The company’s longstanding presence since 1979 and family-owned operations contribute to a trustworthy reputation.
Critical Feedback: Some customers have expressed concerns regarding pricing and valuation offers, suggesting that offers for items like gold jewelry may be lower than expected. Additionally, there are mentions of longer wait times for appraisals and a desire for more detailed fee information online.

Considerations

Limited Online Presence: Bellevue Rare Coins has a relatively limited online presence, with fewer reviews on platforms like Trustpilot. Prospective customers may need to rely more on in-person visits or direct inquiries for detailed information.
Overall Reputation: Despite some critical feedback, the majority of reviews are positive, reflecting a generally favorable reputation within the community. The A+ BBB rating further underscores their commitment to maintaining high standards of business practice.

In summary, Bellevue Rare Coins is well-regarded for its knowledgeable staff and quality service, though some customers have noted areas for improvement, particularly concerning pricing transparency and online information availability.

Examples of Bellevue Rare Coins Reviews:

It was their first time as a customer while they were selling that day, and it turned out to be a great experience. The wait for a backup salesperson was brief and acceptable, as the main floor salesperson attended to another customer. The backup salesperson was friendly and provided informative details about the process. She had never sold something in that format before, and he had explained the process thoroughly. They received a fair price, and everything was smooth and relatively quick.

His first visit had been in April 2024, if he remembered correctly. He was very pleasantly surprised at what a positive, pleasant experience it had been. They had been experiencing financial issues and needed to exchange silver for cash at that time. So few places like that one allowed such an exchange, so he was extremely grateful.

They experienced the same issue once more and received assistance again from the wonderful staff. They expressed surprise at the abundance of beautiful precious stones and metals throughout the store, finding them lovely to behold yet intimidating to consider purchasing, especially with their limited means. But she had been completely relaxed and comfortable there.

They mentioned that the Christian music playing during their first visit made them feel at home, and that the woman who handled the transaction had a welcoming demeanor. The same applied to the gentleman who had been present during the July visit, which had been a great experience, even though he was parting with even more of his silver. He made her feel completely wanted and took care of her with kindness. That was all anyone wanted, but it was not what one always got in many places.

They had bought and sold several times over the years, and the experiences had always been friendly and helpful. They mostly bought gold and silver bullion coins. The prices were fair for buying and selling bullion. They noted that when something traded at a premium, like a foreign bullion coin, the price depended on the coin itself and what could be sold to dealers, rather than the inflated prices seen on eBay.

Recently, they went to offload some old gold jewelry and some fine jewelry. He felt fortunate to have been helped by Theresa, who provided excellent service and engaging conversation while he waited for her to take inventory of what he had brought by. In the end, she had given him a great offer and left him with a big smile on his way home.

Why aren’t There Many Bellevue Rare Coins Complaints?

The relative absence of complaints about Bellevue Rare Coins can be attributed to several factors that highlight their commitment to customer satisfaction and ethical practices:

Longstanding Reputation and Trust

Bellevue Rare Coins has been in business since 1979, which demonstrates their ability to sustain trust and reliability in a competitive market.
A family-owned operation, their business practices emphasize personalized service, which fosters loyalty and repeat customers.
Their A+ rating with the Better Business Bureau (BBB) reflects their proactive resolution of any customer concerns and adherence to ethical business standards.

Knowledgeable and Friendly Staff

Customers consistently praise their knowledgeable team, who offer expert appraisals and detailed explanations for evaluations. This transparency builds confidence and reduces dissatisfaction.
Many staff members are GIA-accredited professionals and experts in coins, precious metals, and jewelry, ensuring accurate and professional services.

Transparent and Fair Policies

Bellevue Rare Coins offers free appraisals, reducing financial risk for customers and encouraging them to seek their services without hesitation.
Clear policies for purchasing and selling, including market-based pricing for precious metals and collectibles, help establish customer trust.
They openly explain factors influencing valuations, such as market conditions, rarity, and intrinsic value.

Community Engagement

The company is deeply involved in philanthropy and community support, donating to various charities and contributing to social causes. This goodwill reinforces a positive reputation among customers and the broader community.

Positive Word of Mouth

With favorable reviews on platforms like Yelp, Birdeye, and their own website, customers frequently share positive experiences. This outweighs isolated negative feedback and reduces the perception of dissatisfaction.

Proactive Customer Service

When issues arise, Bellevue Rare Coins appears to address them promptly. This preempts potential complaints and leaves customers with positive resolutions.
Their emphasis on building strong, ongoing relationships ensures that even critical customers are likely to have their concerns addressed in a satisfactory manner.

Market Leader in the Region

As a leading dealer in the Pacific Northwest, Bellevue Rare Coins benefits from a reputation for professionalism and reliability. This dominance often means customers come with high expectations that the company meets or exceeds.

Why Complaints Might Be Low

The company focuses on transparency in every transaction.
Customers often experience prompt attention and resolution to issues before they escalate to formal complaints.
Their fair pricing and clear policies reduce misunderstandings, a common source of customer dissatisfaction in the industry.

While no business is immune to criticism, Bellevue Rare Coins’ commitment to ethical practices, quality service, and customer care has significantly minimized complaints and maintained their strong reputation.

Are There Any Bellevue Rare Coins Lawsuits?

No.

Based on our research, we didn’t find any lawsuits involving Bellevue Rare Coins.

Certainly, it shows the company’s commitment towards resolving consumer disputes amicably and ensuring 100% customer satisfaction.

Can You Trust Bellevue Rare Coins? Is Bellevue Rare Coins Legit?

Yes.

They are a legit company with a family-owned legacy of many years.

Whenever you’re curious about the legitimacy of any gold dealer, you can follow these tips:

Tip #1: Check Their Regulatory Compliance and Accreditation

Check for proper licensing and registration with relevant financial regulatory bodies such as the Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA).

Verify the company’s accreditation with industry organizations like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).

It will help you check how credible they are.

Tip #2: Look into The Company’s Background

Research the company’s history, including years in business and any name changes.
Examine the Better Business Bureau (BBB) rating and accreditation status.
Review customer feedback on reputable third-party review sites like Trustpilot or Consumer Affairs.

Tip #3: Does the Company Offer Good Resources?

Assess the clarity of information provided about fees, storage options, and buyback policies.
Evaluate the quality and depth of educational resources offered to investors.
Verify that the company provides clear information about IRS regulations regarding precious metals IRAs.

Tip #4: What are Their Product Offerings and Pricing?

Ensure the company offers IRS-approved precious metals for IRA investments.
Compare pricing with other reputable dealers to ensure competitiveness.
Be wary of companies pushing numismatic or collectible coins over bullion for IRA investments.

Tip #5: Confirm the Storage and Custodian Partnerships

Verify that the company works with IRS-approved custodians and secure storage facilities. According to IRS’ regulations, you cannot store your gold IRA’s precious metals at your home.

You’ll need a certified third-party storage provider.

Check the company’s storage and custodian partner to ensure you’re working with a reliable firm. Moreover, ensure they offer segregated storage options for your precious metals.

Segregated storage means your owned precious metals products will be stored separately from other investors’ possessions. Similarly, non-segregated storage means your products will be stored along with others.

Keep in mind that storage providers charge extra for segregated storage.

Some popular custodians include Equity Trust and Goldstar Trust.

Red Flags to Watch For in Gold IRA Companies

Promises of guaranteed returns or claims of “secret” investment strategies.
Pressure to act immediately or make large investments without proper consideration.
Lack of physical address or unclear company ownership structure.
Unwillingness to provide detailed information about fees or policies in writing.

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Bellevue Rare Coins Review Summary:

Overall, Bellevue Rare Coins is an impressive coin dealer with plenty of positive qualities.

However, it’s crucial to consult an expert before making any financial decisions.

What are your thoughts on this coin dealer? Let us know in the comments.

Bellevue Rare Coins Reviews: Fees, Complaints, Lawsuits, and More