Money Metals Exchange
Money Metals Exchange Reviews: Here’s What You Need to Find Out
What is a Money Metals Exchange?
Money Metals Exchange has been a bullion merchant doing business since 2010. It offers clients a wide exhibit of valuable metals to browse, including gold, silver, platinum, palladium, and rhodium. Also, the organization offers concentrated jewels multiple times more valuable than gold.
They’ve set their sights on providing the most detailed costs in the industry, and they’ve positioned themselves as one of the best bullion dealers. Is it worthwhile to buy things from this firm, regardless? What can you anticipate about the items and client advantages they provide? Here are all of your questions answered.
In 2010, Stefan Gleason established Money Metals Exchange with the goal of providing a trustworthy bullion merchant that provides focused pricing on its product choices. It considers knowledgeable financial experts and people who want to invest a significant amount of money.
For example, they provide a “financial specialists starter unit,” which comes in a single purchase and contains 1.1 ounces of gold and 120 ounces of precious silver coins.
Even though Money Metals provides a starter kit, they also advertise a monthly investment funds plan that promises to supply you with a $100 reserve fund each month – or more. You can pick your favorite Money Metals bullion item at this stage. After that, you have the option of having Money Metals store the bullion in their vaults for you on a monthly basis or keeping it with them in their storage facilities.
What Does Money Metals Exchange Sell?
The Money Metals Exchange offers a respectable selection of precious metals:
- Gold. American Eagles, Canadian Maples, European Gold Bullion, rounds, bars, and coins in numerous weights.
- Silver. Coins, bars, rounds, fractionals, and bullets in distinct weights.
- Platinum. American, Canadian and Australian coins with bars in numerous weights.
- Copper. Peace Rounds, Morgan Heads, Buffalo Rounds, and more with 1-ounce copper bars.
- Palladium. Palladium Eagles and Maples are at hand together with bars in numerous weights.
Rhodium. The 1-ounce and 5-ounce bars are available.
Is Money Metals Exchange Safe?
Yes. Money Metals Exchange, located in Eagle, Idaho, was founded in 2010 and is a BBB-accredited company with an A+ rating based on the Better Business Bureau’s internal standards that include years in business and customer complaint responsiveness. There are no known complaints about it on the Consumer Financial Protection Bureau’s website.
How Does Money Metals Exchange Keep Your Money Safe?
Every order is fully insured and comes with tracking information. To safeguard private information throughout the checkout procedure, the site uses SSL encryption from DigiCert.
How Does Purchase From Money Metals Exchange Work?
At the top of the page, Money Metals’ product categories are organized in tabs. Select the product you want, input the amount, and add it to your cart. You may proceed to the checkout page or shop further by clicking continue shopping at this stage.
The Company sets the price for 10 minutes after you begin the checkout process. The timer in the upper right corner of your screen shows how much time is left before your deal expires. Complete the checkout by entering your complete name, shipping address, and payment information.
Once you’ve finished the checkout process, they send you an email to confirm it.
Does Money Metals Exchange Accept Returns?
Yes, they allow returns beginning three days after purchase. Call customer care to start a return or exchange.
Return the item in its original packaging and pay for shipping. A 5% stocking fee will be charged if you make a payment using PayPal or a credit card. You are also accountable for market losses in addition to shipping expenses. If the value of your items has decreased from what you originally paid, Money Metals Exchange will return you at a lower price.
How Does Trading To Money Metals Exchange Work?
Follow these steps to sell gold, silver, platinum, and palladium to Money Metals Exchange:
- During business hours, call their contact number to get a quote for your purchase from a representative.
- If you’re satisfied with the price you were quoted, confirm the purchase to lock in the rate.
- Open the purchase order in your email and follow the shipping instructions.
- Ship your order to Money Metals Exchange.
- When your shipment reaches Money Metals Exchange and is examined, payment will be released.
Make sure that the metals you want to sell meet Money Metals Exchange’s purchase standards before contacting them:
Weight and purity must be clearly marked on rounds and bars.
- The manufacturer’s name or symbol must be etched on the bars.
- Metals must be clean, consistent, and have a distinctive design.
- Only clearly minted pre-1965 dimes, quarters, and half-dollars are acceptable.
Contact a representative by live chat, phone, or email if you’re unsure whether your metals fit the Money Metals Exchange buyback program.
Money Metals Exchange’s Prices Compare To Competitors
The prices of ‘Money Metals Exchange’ are somewhat higher than those of other bullion sellers, but it offers greater buyback rates than its competitors if you want to sell.
On May 28, 2020, Money Metals Exchange advertised one-ounce uncirculated random year American Gold Eagle coins for $1,867.70 — more than the prices stated by Golden Eagle Coins and JM Bullion — yet only by $4 and $25, respectively.
A 4% processing fee is levied on purchases made with Money Metals Exchange credit cards and PayPal.
Money Metals Exchange’s buy prices are somewhat higher than average, but it provides more than its rivals when purchasing precious metals from its clients.
On May 28, 2020, the Company announced buy prices on a one-ounce uncirculated American Gold Eagle coin at $1,776.70 — somewhat higher than JM Bullion’s buyback price of $1,752.21 and Golden Eagle Coins’ buy price of $1,750.75.
The Least Amount Of Gold You Can Buy
Typically, one-gram gold bars are the smallest bars an investor can buy (0.0322 troy oz).
The least amount of gold that must be purchased from an exchange varies from firm to firm.
The majority of reputable exchanges demand orders with minimum quantities ranging from 10 to 20 ounces.
In general, these companies are very consistent in their pricing and have a clever method to make it simple to acquire coins.
Money Metals Exchange Accessibility
The internet should be accessible to everyone, according to them.
This is why they strive to make sure that the goods and services offered on their site can be accessed by a lot of people, regardless of ability or circumstance.
According to the World Wide Web Consortium’s (W3C) Web Content Accessibility Guidelines 2.1 Level AA, the Financial Metals Exchange does its best to make online usability as easy as possible.
What Kinds of Cryptocurrency Does the Money Metals Exchange Accept?
You could pay using the following methods:
- EOS token
- Bitcoin cash
Money Metals Exchange Starter Kit
They have the Silver Only Starter Portfolio, which is valued at $118.22. A 4 Oz of pure silver are included in this starter kit:
- (1) American Silver Eagle 1-oz coin
- (1) Canadian Silver Maple Leaf 1-oz coin
- (1) Walking Liberty 1/2-oz round
- (1) Walking Liberty 1-oz round
- (5) Walking Liberty 1/10-oz rounds
This ready-made portfolio only features silver. Silver appears to be a great bargain right now, so we advise investors to take a look at this white metal.
Customers Saying About Money Metals Exchange
There aren’t many Money Metals Exchange reviews, but what’s there is favorable.
As of October 2020, the firm has an A rating from the BBB and a 4.7 out of 5-star credibility score based on 78 consumer reviews.
Although they don’t have a Trustpilot page, they currently have an overall rating of 4.7 out of 5 on Facebook, with 56 reviews.
Customers are impressed with the organization’s attentive, skilled service employees, but they have complaints about delayed delivery.
Money Metals Exchange Pros and Cons
When comparing a company’s good characteristics to its flaws, it is also useful to compare them to one another in order to get a more comprehensive perspective.
- Customers can store their goods in their own depository accounts and pay for them later.
- Real-time pricing: the firm provides real-time price changes.
- News and resources; from the website, You may discover all you need to know about precious metals based on the present trends.
- Premade portfolios: If you’re a novice bullion investor, you can buy prepackaged silver, gold, and multigram portfolios.
- Limited support: Agents with the Money Metals Exchange are only available on working days.
- Transaction fees; Customers who pay for their purchases using PayPal or a credit card will be charged a 4% fee.
- Payment method restrictions; The maximum and minimum amounts differ depending on the payment method. Some consumers may find the restrictions tedious.
Augusta Precious Metals
Augusta Precious Metals is a precious metals dealer that provides several useful services for individuals interested in diversifying their retirement fund through alternative assets: actual gold and silver coins and bars.
Augusta’s website makes it simple to purchase gold and silver. Even before the transaction was complete, the firm promised to assist American retirement savers in finding difficult-to-find information about the economy to aid their financial decisions.
Customers are educated throughout their account’s entire lifetime, from the time they open an account to the point where they close it.
Once a consumer opts for gold and silver from Augusta, the firm has procedures in place to make purchasing gold and silver in an IRA or outside of an IRA simple, quick, and transparent.
American Hartford Gold
American Hartford Gold is the most popular provider of precious metals investments.
The Company is a family-owned business with over two decades of expertise in gold and silver. They aim to help new and experienced investors achieve their financial objectives.
They emphasize a promise of investors receiving only the highest quality gold and silver with a guarantee of 100% customer satisfaction. They’re here to assist you whether this is your first venture or if you’re an expert.
They help people be safer from economic problems by giving them a place to put their money. This way, they have a lot of money in case they need it later. You can get gold, silver, and platinum in bars or coins.
The function of an investment advisor is to help investors purchase a range of gold, silver, and other metals to diversify their portfolios, invest in gold IRAs, and establish an economic refuge for the future.
Goldco self-directed gold and silver IRAs are ideal for investors looking for hands-off asset diversification. Although these IRAs are restricted to a single asset class, they give investors the ability to protect themselves against paper assets by investing in precious metals.
You don’t have to spend time conducting market research when choosing investments for your precious metals IRA, just as you wouldn’t when investing in stocks, bonds, or funds. Instead, choose from Goldco’s selection of gold and silver bullion and fund your account. Investors who want to save for retirement can use Goldco’s precious metals IRAs in the same way as standard and Roth IRAs, providing a tax-advantaged investment choice.
Goldco does not post any information about its costs on its website. When we phoned Goldco through the Company’s live chat service to inquire about pricing, we were informed that a call with one of its sales representatives would be required to get more information.
Birch Gold Group was founded in 2013 and is now one of the most well-known precious metals investment firms. The firm is located in California and helps individuals diversify their savings by using different precious metals.
The in-house Individual Retirement Account Department of Birch Gold Group is led by professionals with significant expertise in the precious-metals trade.
Over time, the firm has improved its operations and customer service, resulting in thousands of American citizens investing in precious metals with the Birch Gold Group.
The Company provides the same basic services as other businesses. The only distinction is in how this organization delivers these services. You may discover that the firm cares for its clients better than some of its rivals if you go through online feedback.
Money Metals Exchange offers a vary of precious metals and arranges direct storage options. But constraints on the payment type and processing costs can affect the checkout process, and on weekends customer service is not available. If you seek to diversify your portfolio by investing in other products or stocks, it might be worth exploring these opportunities before committing to an investment with this Company.