We’re proud to announce that Honest Coin Shop was recently featured in the Wall Street Journal in an article titled “Surging Silver Prices Prompt Americans to Empty Jewelry Boxes and Coin Jars”.
This recognition is a huge moment for our small, appointment-only coin shop based in Union City, NJ—and it’s a sign of just how much attention the precious metals market is getting in 2025.
💹 What’s Happening with Silver?
The article highlights a surge in silver prices—up nearly 27% this year—as investors look for safe assets in a time of economic uncertainty. Precious metals like silver and gold have long been considered hedges against inflation, volatile markets, and financial instability.
This increase has led to a wave of people across the country looking to sell silver jewelry, coins, and bullion—and a rush of new buyers trying to get in before prices rise further.
📈 What Did Honest Coin Shop Say?
Owner Andrei Hnedchyk was quoted directly in the Wall Street Journal article:
“Foot traffic is up about 20%, mainly from silver ‘stackers,’” said Andrei, referring to customers who are actively accumulating silver as an investment.
This quote reflects what we’ve been seeing firsthand: an increasing number of people walking through our doors (by appointment) looking to either liquidate old silver coins or bars or add more physical silver to their portfolio.
🧠 What This Means for You
If you’ve been wondering whether now is the right time to sell silver coins, buy silver bullion, or get a coin appraisal, the answer is: you’re not alone—and this might be the ideal time to act.
Whether you’ve:
-
Inherited a silver coin collection
-
Discovered silver items during a cleanout or renovation
-
Been holding silver as part of your savings
-
Want to understand the value of what you have
…our expert appraisal services and up-to-date market knowledge can help.
🏆 Why the WSJ Chose Honest Coin Shop
We’re not a big-box chain. We don’t run a pawn shop. We’re a small, honest, appointment-only business focused entirely on coins, bullion, and collectibles.
Our reputation is built on:
-
Transparent pricing
-
Accurate appraisals
-
Fair offers
-
Deep numismatic knowledge
-
And now… national recognition
Being quoted in the Wall Street Journal is not just a proud moment for us—it’s a sign that our clients are in the right place when it comes to navigating this fast-changing market.
📍 Located in Union City, Serving All of NJ
Honest Coin Shop serves clients from Hudson County and all across New Jersey. Whether you’re coming in for a silver sale, a coin appraisal, or just to ask questions—we’re here to help. And yes, we operate by appointment only, so you’ll always have our full attention.
📣 Let’s Talk
If the WSJ feature sparked your curiosity—or if you’ve been sitting on silver and wondering what it’s worth—now’s the time to find out.
Contact us to schedule your appraisal or consultation today.
