Nationwide Coin and Bullion Reserve Review
Nationwide Coin and Bullion Reserve is a well-known bullion vendor that has been in business for over a decade. The company deals exclusively in gold and silver coins, including many rare varieties. While they don’t offer gold IRAs, they have emerged as a prominent bullion vendor. However, some of the reviews leave us wondering about the quality of their products and services.
One of the things that tend to stand out like a sore thumb with any bullion vendor is the lack of clear pricing. While it’s not uncommon, especially when dealing with vendors of rare coins, it leaves a lot to be desired. In the case of Nationwide Coin and Bullion Reserve, it’s a mixed bag. There is a price tag on some coins, the “standard” ones, and an offer to call about pricing when it comes to the rarer ones. This is reasonable, even though some customers say that the listed prices weren’t correct.
Nationwide Coin and Bullion Reserve’s inventory is split into “gold”, “silver” and “pre-1933” gold. The last section has by far the least products, so let’s start with their gold coins and bars. Curiously, the site says that limited supplies have forced them to offer American Eagle Gold coins on a one-a-household lifetime limit. The website says they sell these coins with a discount on a limited basis. It might be a way to attract new customers, something that is corroborated by gold bars only being available to new customers as well. These customers then, presumably, become regular buyers of silver as well as their collectibles.
Nationwide Coin and Bullion Reserve do not offer American Gold Eagles or gold bars in multiple quantities, which will automatically disqualify this company for many buyers, as these are some of the most popular products and the ones investors tend to buy in bulk. But again, it’s how the company approaches its business, and if it wasn’t working, they’d not be nearing 15 years in a fairly competitive industry.
History and Overview of Nationwide Coin and Bullion Reserve
Founded in 2009, Nationwide Coin and Bullion Reserve can be called an industry veteran, nearing 15 years of experience. There isn’t much on the company’s about page, besides mentioning that their team consists of people with plenty of experience in the field of precious metals.
With a little digging, it was found out that Nationwide Coin and Bullion Reserve operates out of Houston, Texas. Besides selling to customers in the U.S., they are also said to be fairly frequent shippers to Europe.
The website is fairly straightforward, with a knowledge base that’s pretty minimal and is mostly there to strengthen the case for precious metals investment. Their Ethics section seems keen on preventing the various gripes that customers could have.
There, they tell us that rare coins aren’t a regulated market and shouldn’t be bought with short-term goals in mind. They go on to say that they won’t misrepresent their products in any way and that buyers can get a full refund if they aren’t satisfied, though the main point here is “can”. In other words, there doesn’t seem to be a guarantee of a full refund based on just dissatisfaction alone.
Nationwide Coin and Bullion Reserve is a well-established bullion vendor that deals exclusively in gold and silver coins, including many rare varieties. While they don’t offer gold IRAs, they have emerged as a prominent bullion vendor. The company’s conduct is praised by most customers, although some customers have complained about the “bait and switch” tactic used by sales representatives.
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Customer Reviews and Ratings
Nationwide Coin and Bullion Reserve’s conduct is praised by most customers. However, some customers have complained about the “bait and switch” tactic used by sales representatives. Customers say sales representatives use aggressive pitches and then ship coins that somewhat differ from what they are labeled. Nationwide Coin and Bullion Reserve reply to most reviews of this kind, saying that they have recorded calls of talking to the customer that disproves the complaint. While the replies are lengthy, it can get a bit difficult to tell who’s right. Some customers also say that Nationwide Coin and Bullion Reserve didn’t want to reship or refund after shipping to the wrong address.
Despite these complaints, Nationwide Coin and Bullion Reserve have overwhelmingly positive reviews on TrustPilot and even on BBB. Most customers praise the company’s products, conduct, operation, and so on. The dissatisfied customers on TrustPilot mostly complain about the salesperson they were assigned, and many of them have been compensated by the company. With 670 overwhelmingly positive reviews on TrustPilot alone, it’s difficult to say that this company isn’t keeping a good profile. There are just too many praising the practices for us to give too much thought to the complaints, although they need to be acknowledged.
When looking closer at Nationwide Coin and Bullion Reserve reviews, the company’s status on the Better Business Bureau (BBB) page is considerably worse off than on the Business Consumer Alliance (BCA) page. On the BBB, they’ve garnered a 3.46/5 star rating based on 26 customer reviews. They’re not accredited with the BBB, and they’ve lodged 15 complaints on the website. Interestingly enough, the BBB says complaints started pouring in from June 2017 and onwards.
As earlier said, the BCA profile fares better, where they have a 4/5 star rating based on 12 5-star reviews, 2 1-star ones, and nothing in-between. There also don’t seem to be any complaints on the BCA page.
In addition, TrustPilot seems to be where most of the customers flock to, and there, they have as many as 670 reviews. 76% of these are rated as Excellent, and only 3% rate them as poor. Mostly positive customer reviews, despite what the BBB says because their TrustPilot profile has so much feedback and it’s mostly positive, it almost feels wrong to pay too much attention to the myriad of complaints on the BBB page.
Nationwide Coin and Bullion Reserve have emerged as prominent bullion vendors. They don’t offer gold IRAs, but rather deal exclusively in gold and silver coins, including many rare varieties. As impressive as their inventory is, some of the reviews leave us wondering. The feedback is still mostly positive, however, dealing in collectibles leaves more people dissatisfied than just selling American Eagle coins.
When looking closer at Nationwide Coin and Bullion Reserve reviews, the company’s status on the Better Business Bureau (BBB) page is considerably worse off than on the Business Consumer Alliance (BCA) page. On the BBB, they’ve garnered a 3.46/5 star rating based on 26 customer reviews. They’re not accredited with the BBB, and they’ve lodged 15 complaints on the website. Interestingly enough, the BBB says complaints started pouring in from June 2017 and onwards.
As earlier said, the BCA profile fares better, where they have a 4/5 star rating based on 12 5-star reviews, 2 1-star ones, and nothing in-between. There also don’t seem to be any complaints on the BCA page.
In addition, TrustPilot seems to be where most of the customers flock to, and there, they have as many as 670 reviews. 76% of these are rated as Excellent, and only 3% rate them as poor. Mostly positive customer reviews, despite what the BBB says because their TrustPilot profile has so much feedback and it’s mostly positive, it almost feels wrong to pay too much attention to the myriad of complaints on the BBB page.
Nationwide Coin and Bullion Reserve have emerged as prominent bullion vendors. They don’t offer gold IRAs, but rather deal exclusively in gold and silver coins, including many rare varieties. As impressive as their inventory is, some of the reviews leave us wondering. The feedback is still mostly positive, however, dealing in collectibles leaves more people dissatisfied than just selling American Eagle coins.
Analysis Of The Investment Potential And Risks Associated With Nationwide Coin And Bullion Reserve
1) Investment Potential
Nationwide Coin and Bullion Reserve is a reputable company that specializes in buying, selling, and storing precious metals, including gold, silver, and platinum. The company has been in business for over 20 years and has a strong track record of delivering high-quality services to its customers. As such, investing in the company’s products can be a smart move for investors looking to diversify their portfolios and protect their wealth.
2) Market trends
The precious metals market is highly volatile and can be influenced by a variety of factors, including global economic conditions, geopolitical tensions, and supply and demand dynamics. As such, investors should be aware of these trends and monitor them closely when considering investing in Nationwide Coin and Bullion Reserve. Doing so can help investors make informed decisions and avoid potential losses.
3) Risks associated with investing
Like any investment, there are risks associated with investing in Nationwide Coin and Bullion Reserve. For example, the market for precious metals can be highly unpredictable, and prices can fluctuate rapidly. Additionally, the company’s financial performance may be impacted by factors outside of its control, such as changes in government regulations or global economic conditions. As such, investors should carefully consider these risks before investing in the company’s products.
4) Regulatory environment
The precious metals market is heavily regulated, and investors should be aware of the various laws and regulations that govern the industry. Should one fail to go along with these regulations. This can result in significant fines and penalties, which can impact the company’s financial performance and, in turn, affect investors’ returns. As such, investors should ensure that Nationwide Coin and Bullion Reserve is in compliance with all relevant regulations and that the company has appropriate policies and procedures in place to manage regulatory risks.
5) Reputation and customer service
Buying and selling process
1) Buying process
The first step in the buying process with Nationwide Coin and Bullion Reserve is to browse the company’s website or catalog to find the products you’re interested in purchasing. The company offers a wide variety of precious metals, including gold, silver, and platinum coins and bullion.
2) Product selection
Once you’ve found the products you want to purchase, you can add them to your cart and proceed to checkout. At this point, you’ll be asked to provide your contact and shipping information, as well as your payment details.
3) Payment options
Nationwide Coin and Bullion Reserve offer several payment options, including credit cards, bank wires, and personal checks. Depending on the payment method you choose, there may be additional fees or processing times to consider.
4) Shipping and delivery
Once your payment has been processed, Nationwide Coin and Bullion Reserve will ship your products to the address you provided. The company uses secure shipping methods and provides tracking information so you can monitor the status of your shipment.
5) Selling process
If you’re interested in selling precious metals to Nationwide Coin and Bullion Reserve, the process is straightforward. You can contact the company via phone or email to initiate the selling process.
6) Product evaluation
Once you’ve contacted the company, you’ll be asked to provide information about the products you want to sell, including their type, weight, and condition. Based on this information, Nationwide Coin and Bullion Reserve will provide you with a quote for your products.
7) Acceptance to offer
If you accept the company’s offer, you’ll be asked to ship your products to Nationwide Coin and Bullion Reserve for evaluation. The company will inspect your products to ensure they meet their quality standards and verify their weight and purity.
8) Payment
Once your products have been evaluated, Nationwide Coin and Bullion Reserve will provide you with payment for your items. The company offers several payment options, including bank wires, checks, and PayPal. Depending on the payment method you choose, there may be additional fees or processing times to consider.
Comparison with other investment options
Precious Metals vs Stocks
One of the main advantages of investing in precious metals through Nationwide Coin and Bullion Reserve is that these assets tend to be less volatile than stocks. Precious metals can provide a hedge against inflation and economic uncertainty, making them a popular choice for investors looking to diversify their portfolios. However, stocks may offer higher returns over the long term, and many investors prefer the liquidity and ease of trading that stocks provide.
Precious Metals vs Real estate
Another popular investment option is real estate. Like precious metals, real estate can provide a hedge against inflation and economic uncertainty. Additionally, real estate can provide a steady stream of rental income and may appreciate over time. However, investing in real estate can be expensive and time-consuming, and it may be difficult to sell your property quickly if you need to liquidate your assets.
Precious Metals vs Cryptocurrency
Cryptocurrency is a newer investment option that has gained popularity in recent years. Like precious metals, cryptocurrency can provide a hedge against inflation and economic uncertainty. Additionally, some cryptocurrencies have seen explosive growth in value, making them attractive to investors looking for high returns. However, cryptocurrency is highly volatile and can be difficult to understand and manage for inexperienced investors. Additionally, the regulatory environment surrounding cryptocurrency is still developing, which can create additional risks for investors.
Final Thoughts
Overall, investing in precious metals through Nationwide Coin and Bullion Reserve can be a smart move for investors looking to hedge against inflation and economic uncertainty. However, as with any investment, there are risks to consider, including market volatility and regulatory compliance.
By carefully evaluating these risks and considering the potential benefits of investing in precious metals, investors can make informed decisions and maximize their returns while minimizing their risk exposure. With its strong reputation and commitment to customer service, Nationwide Coin and Bullion Reserve is a solid choice for investors looking to add precious metals to their portfolios.
Conclusion
Frequently Asked Questions (FAQ)
A Gold IRA is an example of a Self-Directed IRA. Self-Directed IRA’s were designed to give individuals more freedom in the selection of investments that they could hold in their retirement account. A Gold IRA is unique to precious metals, where the investor/individual has the ability to hold gold, silver, and other precious metals such a platinum and palladium in their account rather than being limited to traditional stocks and bonds.
By holding precious metal investments in a Gold IRA, this gives the ability for individuals to make their portfolio more diverse and prepare themselves for future financial success. Having a diversified portfolio makes for a better chance to survive a stock market crash and still have some of your funds held in other categories, such as gold.
There are various options when it comes to investing in gold. One option is to purchase gold coins or bars from a local retail shop or gold investment company. You may then hold the metals until you are satisfied with their growth, ready for retirement, or need them for another expense.
Another option to invest in gold is by setting up a Gold IRA. These are a form of a Self-Directed IRA, only your funds can be held in gold rather than stocks and bonds. This is a good way to invest in precious metals without worrying as much about taxes.
The value of a gold coin increases as the value of spot gold increases. The number that is printed on each gold coin (known as the face-value) is not an accurate reflection of its true valuation. In fact, its value is likely much higher than the face-value based on the current price of gold today.
Depending on your age, current financial position, and personal preferences, the answer to this question will vary per person. If you are coming up on retirement, you’ll want to take fewer investment risks and may not want a large portion of your money in gold. If you’re still young and have more time to take greater investment risks, you may want a larger percentage of your portfolio invested into gold.
Like many investments, it is optimal to buy at a low value. Generally speaking, when the stock market is over-performing, the value of gold is at a much lower amount. Gold also follows some trends such as a decrease in certain months of the year, including January, March, and April.
It is always a good idea to seek out a financial advisor to help discuss the best options for your current situation. This way you can shift your investments based on what makes the most sense for your financial goals, and the current economy.
Your current plan may not give you the option to invest in gold, but there are numerous other plans that allow gold investments. Keep in mind that there are specific rules set out by the IRS regarding how gold can be bought and stored. Because of these rules, it’s important to find a reputable company to work with.
You are legally allowed to do a 401(k) rollover and avoid paying taxes and penalties, but to do this you must follow the correct process. Start by contacting your current 401(k) plan and explain your situation. The rollover may take several weeks or months to complete, so it’s best to begin as soon as possible.
Traditional 401(k) plans and IRA’s are tax-deferred savings accounts, meaning you do not need to pay any taxes on your contributions. Once you retire and eventually withdraw your funds, you will pay taxes on those withdrawals. You will not get any tax breaks if you purchase gold for personal ownership. Right now, the only way to avoid paying taxes on gold is by purchasing it through your 401(k) plan or IRA.
Although this process is a bit tricky, you absolutely can purchase physical gold in your 401(k) plan. Since your IRA cannot be the seller and holder of the gold, they will need to store the physical gold with a third party. You are also not personally allowed to hold the gold. You may only keep gold and silver in a plan of this type if someone else is storing it, according to the IRS. While you will not be allowed to have physical control over the gold, you may still be allowed to access the storage facility.
Yes, any gains made on the gold held in a Gold IRA are subject to capital gains taxes. Additionally, if you take a distribution from the Gold IRA before you reach the age of 59 and a half, you may be subject to income taxes and a 10% early withdrawal penalty. Things may differ depending on whether you have a traditional IRA or Roth IRA.
No. You are not allowed to take physical possession of the gold or other precious metals held in an IRA account.
No. Home storage is not allowed and could have serious tax implications if you are found to be taking physical possession of the gold held in your IRA. You must store the gold with an IRS-approved custodian. Any company that promotes home storage is not providing sound advice and should be avoided.
No. The IRS does not allow precious metals to be stored in a safe deposit box. The custodian/depository must always maintain possession of the gold.
This is a tricky question.
Mostly, no. For most folks, it’s impossible to take physical possession of their gold without paying severe fees.
There is however a workaround for very (VERY) few individuals.
A “Checkbook IRA” allows the IRA owner to have more control over their investments. They can use an LLC to make investment decisions and hold assets on behalf of the IRA. The LLC is owned by the IRA and managed by the IRA owner or someone else. The assets, including precious metals, can be stored in a place chosen by the LLC, like a storage facility or the IRA owner’s home as long as it’s secure and insured. Though, the IRS has strict rules for using a Checkbook IRA and storing IRA-owned assets.
Some of these rules include:
- A minimum net worth of $250,000.
- Must have a corporate legal counsel.
- Ownership must be shared among multiple individuals.
- And much more
Keep in mind that this loophole is not recommended. There is a possibility that you will be penalized and even possibly disallowed from future investments. It’s not worth the risk, even if you do meet all these requirements.
Remember that your specific situation and goals should always be discussed with your tax advisor.
