The exchange was located to the southwest of Phandalin, and directly east of a trail used by the local miners.
A lot of the villagers spent their time here, particularly those that had spent most of the working day around the countryside.
It also functioned as a records office, which registered claims to specific parts of the land, such as valleys and streams.
In 1491 DR, the business was headed by Halia Thornton, a Zhentarim agent. Although the local brigands, known as the Redbrands, hassled almost all the businesses in Phandalin, they did not even attempt to ruin trade for the Phandalin Miner's Exchange.