Meridian Coin 2018 Business Update

February 11, 2018 by Meridian Coin

Meridian Coin would like to thank all of those in the community who have been our customers over the past 6 years at our retail storefront at 22330 Hawthorne Blvd in Torrance, California. It has been our absolute pleasure to serve all of you and the quality of people that we have served speaks highly of the South Bay community as a whole. We especially appreciate all those who helped us maintain a 5-star Yelp review and win South Bay’s Best and other awards nearly every year we were in operation.

Meridian Coin would also like to thank all those past and potential clients that have observed structural changes at our firm over the past six months and remained patient and loyal as we have made some new and significant changes to our business model for 2018 and beyond.

As of February 1, 2018 Meridian Coin has changed its operational mode from a walk-in retail coin shop to an appointment based professional numismatic firm. We have moved our physical operation from the storefront that has been on ground level, Suite C (next to Scottrade), to an office space on the second floor of the same building. That building is the Farmer’s and Merchants building. Access to our space is through the center of the building, right of our past entrance, underneath the Farmer’s and Merchants Bank Trust Company sign and where Dr. Stephen Okamoto’s dental operation is. There is elevator and stair access to the second level.

Our hours of operation will be 10 a.m. to 5 p.m. Monday through Friday by appointment only. Some Saturday appointments will be available.

The reason that Meridian Coin has made this change, as well as others, has come after in-depth study of the rare coin marketplace and what we believe to be the future trajectory of the industry. Our belief, after spending 20 years operating at the wholesale level, show circuit level, auction bidding, marketing and retail storefront, is that our future client base and behaviours of existing clients are becoming more in need of professional assistance in liquiditaing coin collections and acquiring rare coin/bullion assets while having an expert to help them discern the information found on the internet and elsewhere. Furthermore, there are deceptive and archaic practices in this industry that prevent clients from getting a fair price when they buy and/or sell. Clients require a streamlined, professional and expert firm that is capable of all aspects of the aforementioned venues that exist in this field. They require expert advice, strategies, financial strength and efficient trading that allows them to benefit from either buying or selling single items to large groups in this wonderful asset class.

Here are the services that we offer to all existing and potential new clients under this new mode of operation:
• Buying & Selling of all U.S., World and Ancient rare coins.
• Buying & Selling of all U.S. and certain World banknotes (excluding foreign exchange)
• Buying & Selling of all precious metals in silver, gold, platinum and palladium
• Third party Transaction Counseling: An unbiased review of a transaction being conducted by a client. (Fees Apply)
• Numismatic Consultation: Development of strategies for acquisition with the clients goals, timeline and preference fully accounted for. (Fees Apply)
• Marketplace Research (Fees Apply)
• Brokerage Services (Commission Rate applies)
• Formal Appraisal Services (Fees Apply)

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We buy & sell rare coins, paper money & collectibles online & at our shop in Torrance, California.