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GovMint.com

GovMint.com is an online store that offers a selection of coins, currency, and other collectibles for sale to collectors who are looking for items with specific themes or from certain time periods. GovMint also has links to the website’s blog posts on their homepage so visitors can read more about GovMint news and new products they’re adding to their inventory.

GovMint Review: What You Need to Know

What is GovMint.com?

GovMint.com is not the U.S. Government Mint website. They are a private company that sells bullion products like coins and bars to people who want them.

So while the selection of silver coins and gold coins is still nice, the prices are not. GovMint has higher prices than some other companies.

If you buy something over $149, then you can get free shipping. The prices on average are higher at the moment, but there are also some good deals if you look for them. The section called ‘Today’s Deals’ is a great place to start if you want to find something rare or collectible.

Is GovMint.com a Scam?

Determining if a company is a scam is not easy. You can find out if you look at their Better Business Bureau customer reviews, which are not included in the BBB rating. Social media reviews also tell you whether they are legitimate or not.

Reviewers of the company only gave the company a rating of 2.18 out of 5 stars. This is because there are only 26 reviews, and when not many people give an unfavorable review, it can really hurt a company’s reputation even if they show that most customers are satisfied with them. Furthermore, not everyone who is satisfied with the firm leaves a review – in this business, no news is good news.

Govmint, a coin company, has an average of 3.7 stars out of 5 based on 35 reviews. Some people report good customer service and are happy with their purchases, but others complain that they didn’t get what they ordered. Identity theft has also occurred, but it does not imply the mint coin provider took it.

Because money is a commodity that most individuals are connected to in the financial sector, it’s typically the worst place to get negative opinions. However, it’s very unlikely that Govmint wants to obtain your credit card information or your coins.

On the one hand, this marketplace cannot always avoid delays in order processing. It’s just something that happens on rare occasions. Weather-related or traffic-caused delays or an accident may have occurred. You simply can’t predict when it will happen.

The GovMint Pros and Cons

Pros

  • Coin grading information – Govmint is a place that helps you grade coins. This includes telling you what MS, PF, and SP coins are. MS means “mint state,” and it is like a coin that was made to circulate at 60-70 grades. Proof coins are made especially for collectors. The Department of the Treasury explains how you can grade your coins by looking at the marks on them. With practice, you will be able to tell if a coin is less than perfect.
  • Selling tips – This company helps you figure out when it is a good time to sell something. It also educates you on how to price your items and what kind of things to sell. In addition, they teach you where to sell your coins for the most profit.
  • A variety – Govmint sells a variety of coins from different countries. The origin of a coin can be in many places, including the United States, Canada, South Africa, Mexico, The UK, and China. The company that sells coins for this currency has a purpose. It also tells you about the culture and people from where the coins come from.
  • New release updates – Govmint offers a way to stay informed about new things. You can sign up by email, and you will be told about new things that are coming soon, even if you don’t visit the website every day.
  • Research references – They also provide you with online resources for coins. These include The American Numismatic Association (ANA), The Smithsonian’s National Numismatic Collection (NNC), Coin Week, and KITCO.
  • Caring customer responses – Company: They do care about their customers. People complain about social media, and they respond quickly. Any company that tries to fix order problems is one I am usually willing to work with, but it depends on the type of problem.
  • Active on social media –The government posts information on Facebook, Twitter, and Instagram. They also post things on Coin Authority. If they are often posting to these sites, then this proves that they will respond to your concerns too.
  • Item Q & A on websites – One thing that makes me feel better about buying something is if the company is willing to answer my questions. I haven’t asked anything on the site yet, but I’ve noticed that other people have, and they’ve gotten answers. Govmint is very straightforward. Govmint will give you the size of the coin, when it was made, and how pure it is if you tell them what kind of coin it is.

Cons

  • Negative Reviews and Complaints – The business has several bad ratings on the Better Business Bureau and other third-party consumer protection websites.
  • Poor Customer Support – They don’t provide live chat assistance. Customers have reported that customer service employees were slow to respond to emails on time as a result of this. They’ve also been criticized for email spamming.

How Does GovMint Work?

The official website of GovMint.com is an e-commerce platform where you may purchase precious metals from them online.

In a nutshell, you create an account with them. You can then begin browsing the product catalog and, if you find anything you like, add it to your cart for later payment.

Once you have decided on the items in your cart that you want, proceed to checkout, where you will be asked to issue payment and provide shipping information.

Services / Products Available

GovMint.com offers a lot of different kinds of gold and silver coins. They also sell bars and paper money.

GovMint.com is a site where you can find products to buy. The website doesn’t have information about IRAs since there are no IRA services on the website.

  • E-commerce facility
  • Bullion Bars
  • Bullion Coins
  • Numismatic Coins

GovMint.com ships precious metals to the following countries:

  • Canada
  • United States (together with Puerto Rico and U.S. Virgin Islands)
  • Australia
  • Switzerland
  • Austria
  • United Kingdom (including Scotland, England, Wales, Isle of Man, and Northern Ireland)

Do they Offer Gold IRAs?

There is no information on their site suggesting that they do not allow IRAs, so it’s likely they don’t.

Govmint is not an IRA provider, so they do not offer Gold or Silver IRAs. You can buy these types of products from them, but you will need to go through a different company if you want to invest in an IRA.

GovMint Online Reviews and Ratings

The company’s online reputation and reviews are presented below.

  • BBB – 2.18/5 rating, A+ rating, BBB accredited, with six customer complaints and 22 reviews
  • Complaints Board – 1 resolved complaint

GovMint.com has a significantly lower number of ratings and reviews than other businesses. It also received a poor rating from the Better Business Bureau (BBB), despite having an A+ grade.

Alternatives

Augusta Precious Metals

www.augustapreciousmetals.com

star rating

Star Rating

Augusta Precious Metals is a family-established precious metals business that has been in operation for nearly 50 years. They lend a hand in establishing wealth and preserving your golden years. Augusta Precious Metals assists investors in establishing an IRA that is not linked to a retirement account. Investors can then acquire gold or silver after filling out the necessary forms.

The United States Securities and Exchange Commission suggests that you spread your investments out. This will aid in the management of risk. Representatives of Augusta Precious Metals speak with people who have opened a retirement account. This account is composed of gold and other precious metals. It has the same tax-deferred status as other self-directed IRAs.

American Hartford Gold

www.americanhartfordgold.com

4.8 star

Star Rating

The American Hartford Gold Group is a family-owned business that deals in gold. You may also buy gold in the form of bars or coins.Gold and silver IRAs are a way to add precious metals to your retirement funds. They enable investors to invest in precious metals. These IRAs also aid in the diversification of your retirement assets.

Gold, silver, platinum and palladium are all available in the form of coins and bars from American Hartford Gold. A gold IRA is an account that allows you to invest in precious metals without paying taxes.

Goldco

Goldco

www.goldco.com

4.5 star

Star Rating

Goldco is a firm that aims to assist people in their golden years. They can keep you from going broke again. Goldco is a corporation dedicated to this goal.

Customers adore how they do things, such as their dependability and ethical business practices, according to the Better Business Bureau. They have A+ ratings from the Better Business Bureau and a BPA Triple-A rating because customers appreciate how they conduct themselves. Call them to learn more about how to protect your money and reach your retirement objectives.

Goldco is a firm that assists you in setting up and maintaining an IRA account, however they only offer gold and silver IRAs. If you want to invest in other precious metals, you may do so within these accounts.

Conclusion

With so many options to choose from, it can be hard to know where to start when shopping for gold or silver coins. Luckily, GovMint’s website has filters that make browsing through the products on their site easy.

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