Ramapo Coin Exchange

Woodwind

Maybe some of you folks in or around New York can help me with this. BTW I hope you are all keeping warm during that nasty cold snap.

I was looking through some old coin invoices and came across one for Ramapo Coin Exchange in Monsey, NY. I purchased a couple of Morgan Dollars through the mail from them ten years ago. I realized that I haven't seen any advertisements from them in either Coinage or Coin World lately, so I was just curious if anyone knew what had become of them. Out of business? Different name? Again just curious.

NumisEd

Holy smokes!! A blast from the past. I used to buy coins from them 25 years ago when I was just starting out. They were always very nice to me and their coins seemed to be as advertised. Of course, at that time I was buying total crap (e.g. AG large cents, Fr-02 seated dimes, etc.). I had a budget of about $5 per coin or less. 25 years later, I am now up to a budget of $6 per coin.

To answer your inquiry, I have not heard a peep from them. Anyone else know?? Let's get this reunion started.

MrKelso

Sorry Woodwin I tried to Get a phone number for you but there is no longer any listing for them. Monsey NY is a half hour from me up the Parkway.
No business listing anywhere including Verizon 411.

Rampage

Ten years ago seems about right to me, too.

I have no clue either but the few coins I bought from them were okay.

mommam17

Didn`t they advertize in coinworld years ago?

TheNumish

Guys name is Roger Herman. He advertised in Coinage Magazine and had a coin store. I know he's not advertising anymore but don't know what happened to him.

oreville

I bought a $50 bag of wheat cents about 4 years ago from them as well in person. I remember paying $100 cash for the bag. The store looked very run down and looked to be on its way out.

I do not believe it is there anymore. They seemed to be having problems even then. But that is my speculation and not being stated as fact.

He was on Route 59 in Monsey, Rockland County, NY...not too far from the Tappan Zee Bridge which connects Rockland to Westchester County, New York over the Hudson river.

VicPortland

I dug up an old receipt from RAMAPO and sure enough it was from around 10 years ago (6/3/92). Hmm... $10 Indian in PCGS62 for $465 and a $20 ST G in PCGS64 for $595. Just about what they sell for now! Some investment, huh? I still have the Indian.

Higashiyama

Let me see if anyone remembers an even older and more obscure shop vaguely in the same part of the world --

Does anyone recall the Ramapo Stamp and Coin Co, which operated in Ramsey, New Jersey until about 1970?

Bulldog

They were my first coin shop ( if you can call it that). It was more like an old converted butcher shop or something along those lines. They were more into mail order sales and had few coins on display. I remember asking for certain coins, and they would go some kind of a cooler kind of vault and look around. Sometimes they came out with my request and most times they did not. My confidence level with them, was very low, but I must say that they never stiffed me and were as accommodating as could be!

Bulldog

northcoin

Is this the same company that used to have ads in the coin magazines offering 1907 High Relief Saints in various grades at competitive prices? If it is, I believe I bought my first high relief from them about 4 years ago.

MICHAELDIXON

In the late 1970s I sold them all my slider (AU58 coins). If somebody will look it up, they were hit by the FTC or one of the organizations for selling overgraded coins back in the 1980s. They paid a hefty fine and agreed not to engage in deceptive advertising.

Woodwind

<< <i>Is this the same company that used to have ads in the coin magazines offering 1907 High Relief Saints in various grades at competitive prices? >>



I don't remember them selling stuff that expensive or rare, but I could be wrong.

Sounds like there were some mixed experiences. I'm glad to see that at least this wasn't one of those "That guy is the dirtiest SOB on the planet" threads.

My lone experience was a fair deal. The Morgans I bought through the mail were "Very Select BU." The prices were low, so I suspected that this wasn't MS 64, 65, 66 material, or maybe even 63. I was okay with that. They turned out to be in their original and uncleaned state, but heavily bag marked. One of them is an 1882-CC so I'll submit that to PCGS and see what grade it gets.

dorkkarl

RAMAPO??? holy moses, man, what mudpile did you drag that name out of???

for decades, ramapo was the brunt of many a coin-dealer joke, such as "ram-it-up", etc, for their extraordinary level of ineptitiude & overgraded garbage. i know for sure they were active as recently as 3 years ago, at least in mail-order. don't know about a retail storefront. the guy was a filthy sun-of-a-gun too. but man, talk about joke fodder!

K S