One of the best ways to secure your future is by making strategic investments that can withstand market dynamics. Conventional investment opportunities such as stocks and bonds promise huge returns over a short period. However, they are volatile and are mostly influenced by current market conditions.
In the last decade, we have seen an increase in demand for alternative investment opportunities that hedge against inflation. Precious metals are considered one of the best options to invest in since the price of these commodities is not influenced by the level of inflation. The best part is that your precious metals retain their monetary value regardless of the location.
The main challenge to investing in precious metals is finding a reliable firm to invest your money. With more people investing in precious metals to spread risks and minimize losses, we need to review industry players and what they offer.
Let's look at Nationwide Coin & Bullion, a Texas-based online company claiming to offer a reliable and affordable way of owning precious metals. Are they legit or scam?
What is Nationwide Coin & Bullion
Nationwide Coin & Bullion is a Texas-based online company dealing in gold and silver coins issued by the United States government and other foreign governments. The company's reserve boasts more than 100 years of experience in the precious metal industry, led by a team of highly qualified executives.
The company offers a support team to help customers identify and invest in profitable opportunities using gold, silver, and platinum. Customers are also offered a chance to position their precious metals in ways that can generate high returns on investment.
Nationwide Coin & Bullion offers equal opportunities for beginners and experienced investors, serving clients in the United States and Europe. Despite passing off as an exclusive dealer in Bullions, the firm lists precious metal IRA as part of its offering, making them one of the most diverse precious metals companies in the country.
Most precious metal companies provide little to no information on investing in precious metals. However, Nationwide stands out by providing customers with a detailed investment plan. On their website, we are encouraged to reach out to their support team for a foolproof investment guide.
Nationwide Coin and Bullion Reserve Product Catalogue
Nationwide Coin and Bullion Reserve boast a vast collection of precious metals in the form of coins and bars. Customers are also offered precious metal IRAs to help secure their retirement benefits from inflation and other market fluctuation.
Precious Metals IRAs
At first, one can say that Nationwide Coin Bullion Reserve is strictly a bullion dealer; however, they also offer IRA rollovers to customers. Despite having a limited amount of information on IRA services, having it in their product catalog makes it worth checking out.
Without enough information, one is left wondering how to set up an IRA account. Offering precious metal IRAs directly translates to sourcing a reliable custodian, finding a secure storage facility for your precious metals, and buyback options for customers looking to liquidate their assets. Most of this information needs to be added to their website.
Customers can access limited information on precious metal IRAs on the company website. All you will find are details on gold and silver starter packages. With its extensive client base, it only makes sense for the company to provide more information on the subject for retirement investors to access.
Gold
Nationwide Coin and Bullion Reserve has built its reputation on selling gold coins to customers. However, one may find it odd that the company only offers one 1oz American Gold Eagle and a single 1oz gold bar per customer.
By offering one of each for purchase, the company limits your ability to invest. However, the firm has cited limited reserves causing the depletion of coins and bars. We all know that the 1oz American Eagle is one of the most popular investment-grade coins in the US and abroad. Nationwide provides a fixed price for the coin, and it is marked for free shipping.
Other gold coins are more focused on contemporary numismatics with popular options, including 1/10oz Gold American Eagle coins, American Buffalos, and American Liberty coins. Some of the gold bullion has been sold out, and others don't have pricing. Including bullion that has sold out in their inventor makes it difficult for customers to know which is which.
I would recommend taking down sold-out coins and including prices for available bullion; this way, potential investors can make informed decisions.
Silver
Nationwide Coins and Bullion Reserve's silver inventory is relatively thinner, offering 1oz American Eagles and 10oz silver bars. Like the gold coins and bars, you can only purchase one of each, which is pretty limiting if you ask me.
However, in the customer review section, we have come across a few clients who claim to have purchased entire rolls of the American Silver Eagles. We are yet to prove these claims as we are left wondering if the affordable pricing is a marketing strategy to draw you in to buy more.
Unlike gold bars with an option to choose the mint, silver bars are sold without a limit but don't have an option for a mint. Other silver products include the 1964 Kennedy Silver Half-dollars and an Everhart proof.
Pre-1933 Coins
Nationwide Coins and Bullions Reserve redeems itself in this category with three unique gold coins. You can buy 50-coin rolls of pre-1933 silver coins as well as an extra 20th-century coin. However, the twentieth-century coin is not included in the company's inventory.
Here, you will find 19th and 20th-century American collectibles that would fetch you a handsome price on the market. These coins are often classified under the rare section in mint and precious metal shops with numismatics. Nationwide Coins and Bullions Reserve, like most shops offering numismatic precious metals, don't provide a fixed price for these coins.
Platinum
Nationwide Coins and Bullion Reserve receives a thumbs down for this offer. Despite stating that they are a leading provider of precious metals, platinum included, they fail to deliver. Their product catalog includes platinum, yet they only offer gold and silver.
Platinum is classified as out-of-stock, something that raises eyebrows as to why it's still left on display. At the time of writing this review, I am yet to find a review showing a customer who successfully bought platinum despite showing interest. Looking at more reviews may reveal more down the line.
How Does It Work?
Buying precious metals from Nationwide Coins and Bullion is straightforward. After going through customer reviews and researching more about the company, visit its website at nationwidecoins.com. Take time to go through their product catalog and sample their products.
Once you choose precious metal, the order is processed by a responsive customer support team. Your order will take a few minutes before approval, and you can make payments. Nationwide Coins and Bullion Reserve has partnered with FedEx to ensure customers receive their packages safely and on time.
You will be notified once the shipment is released and sent a tracking number to keep you updated on your package's location till it reaches your preferred address. This feature helps keep you at ease, knowing your package is en route. Customers are also offered a two-year subscription to Inside The Vault and American Gold Journal as a welcome gift.
Precious Metals Pricing
You should remember that the price of precious metals is influenced by market forces and is subject to change depending on current demand and supply. Nationwide Coin and Bullion Reserve affordable pricing for its coins and bars with a price ranging from $22.00 for a 1oz Silver Eagle to $148 for a 1/10 1oz gold American Eagle coin. You can also get the government-issued $50 1oz gold American Eagle coin for as low as $1,736.
These prices are not a sure deal as they are bound to change over time. It's best to contact the company's support team through their website for updated product prices. Aside from its pricelist, the support team will also give you an updated version of its product catalog.
The company allows you to make payments for its products using various payment gateways, including American Express, MasterCard, Check, Cash, and Visa. According to customer reviews, most people find Visa and MasterCard the easiest way to pay for their products.
It's also worth noting that most customers have paid the same price for their precious metals as indicated on the website. Some companies are known for indicating lower prices on their websites only to raise them when you want to make a purchase.
The company also promises to deliver your package between 7-10 working days, depending on your location. However, you should also remember that your delivery is delayable because of holidays and prevailing weather conditions.
Another factor to consider is the free shipping policy offered for some products. Having gone through a few reviews, I can confirm that it indeed provides free shipping for some products, and you don't have to pay any tax or fulfillment fees. However, one of the main complaints I saw among customers is that the company used their contact information to upsell them on other products.
Pros & Cons of Nationwide Coin and Bullion
Pros
Cons
Nationwide Coins and Bullion Reserve Reviews
At the time of writing this review, Nationwide Coins and Bullion Reserve's website had a few hitches since I couldn't access any information under the FAQs section. Its review section also directed me to other websites, including Trustpilot, which limits customer access to information.
Their profile on Trustpilot yielded fair results with more than 650 reviews, of which 76% are positive. With a rating of 4.5/5 and the number of reviews, we can understand why they provide a direct link to Trustpilot on the website.
Nationwide Coins and Bullion Reserve's ratings take a major hit when you more to Better Business Bureau with a score of 3.25/5 stars and no accreditation. It has 24 reviews on BBB with 13 complaints, with some of the complainants lamenting on both Trustpilot and BBB, expressing the same grievance.
Its profile on Business Consumer Alliance is exceptional, with AAA and 4-star ratings. Its rating is derived from twelve 5-star reviews and two 1-star ratings. Most of the negative reviews across all review websites are related to their customer service, where representatives try to upsell them on additional products.
Is Nationwide Coins and Bullion Reserve Scam or Legit?
Answering the question of the legitimacy of a business such as Nationwide Coins and Bullion Reserve is pegged on various factors, including their business culture and customer satisfaction. Despite its flaws when it comes to providing information, the company appears to be legit. You are likely to choose this company over others because of its market analysis and its support team offering valuable resources to help you make informed decisions.
We should also remember that there are several online companies that claim to offer quality products and instead end up scamming prospective clients. There are several ways to check the legitimacy of Nationwide Coins and Bullion Reserve on the internet, most of which check out.
When researching the company, be sure to look for the following information:
You should also check customer reviews and see if the company has a reliable payment method that guarantees consistency and transparency.
As mentioned, finding a reliable company dealing in precious metals can be challenging, especially with the influx of unreliable online dealers. Our review highlights the key features of Nationwide Coins and Bullion Reserve, but the ultimate decision to trade with them lies with you.
I would encourage you to do more research on their product offering, focusing more on customer reviews on reliable platforms such as BBB. I would also suggest the company set up a customer chat room that allows clients to share their experiences; this way, they can get valuable information to help boost customer experience.
Finally, weighing all the information o the company website and review sites, you can choose to trade with Nationwide Coins and Bullion Reserve. They have a broad product catalog and are willing to offer more information on their products, something that will help you make better choices.