DBS Coins Review 2023: Legit Dealer?

Discovering the Shiny Legacy of DBS Coins

DBS Coins isn’t just your run-of-the-mill business. It’s a family-operated bullion and coin distribution company. Imagine your grandpa starting a business, and now, generations later, it’s still going strong. That’s DBS Coins for you!

While we don’t know much about the early pioneers of this business, we do know that a certain David Smoler is listed as the president and founder. And since 2009, Piyush Gupta has been steering the ship as the company’s director and CEO.

From Urban Development to Worldwide Reach

When DBS Coins set sail, it had a noble mission: to provide money for Singaporean urban development and companies. They were like the financial superheroes of the city!

In 2003, they decided to spread their wings and changed their name to DBS. Why, you ask? Well, it was all about embracing their role as a regional bank. They wanted to help not only in Singapore but in other parts of the world too.

A Trailblazing Journey

DBS Coins didn’t stop at just changing its name. In 2007, they did something groundbreaking. They opened a branch in China! This made them the very first Singaporean bank to have a branch in the land of the Great Wall.

Fast forward to 2014, and DBS was making headlines again. This time, they acquired Societe Generale’s private banking business in Hong Kong and Singapore for a whopping $220 million. That’s some serious coin!

Worldwide Presence

Today, DBS Coins isn’t just a Singaporean sensation. They’ve spread their wings far and wide. They’ve got a staggering 2,300 self-service banking machines and branches in Singapore, not to mention 50 branches in Hong Kong. And that’s not all – they’ve got branches in ten major Chinese cities too. Talk about global domination!

Oh, and here’s a fun twist to the story: DBS Coins’ North American headquarters is now located in sunny Dana Point, California.

Shining Bright: A Glance at Precious Metals by DBS Coins

At DBS Coins, they have curated a captivating collection of products that glitter with value and history. Whether you are an experienced investor, a budding collector, or simply someone intrigued by the allure of gold and silver, DBS Coins has something special for you.

Let us dive into a treasure trove of offerings and discover the wealth of possibilities that await.

1. American Eagle Gold and Silver Coins

First up, the American Eagle Gold and Silver Coins. These gems have been around since 1986, straight from the United States Mint. The Silver American Eagle is a crowd favorite, crafted from .999 pure silver, making it one of the finest silver coins out there.

What’s on these coins? Well, on the front, you’ll find the graceful ‘Walking Liberty’ and some classic designs. Flip it over, and you’ll see a bald eagle with a shield and 13 stars. It’s like owning a piece of American history!

2. American Gold Buffaloes

Next in line, are the American Gold Buffaloes. These coins are a testament to the US Mint’s innovation and respect for history. They made their debut in 2006 and are made with 24-karat gold, which means they’re as pure as it gets.

Owning one of these is like holding a piece of gold history in your hand. It’s like the mint took a chunk of the Wild West and turned it into a coin!

3. Canadian Maple Leaf Gold/Silver Coins

Now, let’s hop over to Canada with the Canadian Maple Leaf Gold/Silver Coins. These beauties have been minted by the Royal Canadian Mint since 1979. They’re made with .999 pure 24-karat gold, and in 2013, the mint added some extra security by including a laser security feature. These coins are not just gold; they’re high-tech too!

4. Australian Philharmonic Gold/Silver Coins

Down under in Australia, they’ve been minting the Australian Philharmonic Gold/Silver Coins since 1990. These coins are made with .9999 pure 24-karat gold. They’re like tiny pieces of Aussie pride with images and symbols that scream ‘Australia!’ Plus, they’re insured and backed by the Euro, so you know they’re the real deal.

5. Johnson Matthey Silver/Gold Bars

Now, if you’re into bars, there are the Johnson Matthey Silver/Gold Bars for you. These hefty 100 Oz. bars are .999 pure and come from various companies like Johnson Matthey, Asahi, Engelhard, and more. They’ve got their weight and purity stamped right on them, so you can be sure you’re getting the real McCoy.

6. Pamp Suisse Gold Bars

Last but not least, there are the Pamp Suisse Gold Bars. These bars are .9999 fine and come from the Pamp Mint. They sport the industry mark, weight, and purity on one side and the elegant Fortuna design on the other. It’s like owning a piece of art that’s also incredibly valuable!

Your Guide to Buying from DBS Coins

So, you’ve got your eye on some sparkling gold coins at DBS Coins? Great choice! Here’s a simple guide on how to make that shiny purchase.

1. Pick Your Coins

First things first, decide which gold coins you want. DBS has a treasure trove of options waiting for you. Once you’ve made your choice, it’s time to place that order.

2. Place Your Order

You’ve got two ways to do this: the classic phone call or the modern online order. Take your pick! When you place your order, here’s the important bit: You’ll need to make a non-refundable deposit to lock in your order. Think of it like saying, “I’m serious about this bling!”

3. Pay the Balance

Now, for the rest of the gold coin treasure, you can pay through your bank. But if you prefer to use a good old check, that’s cool too. Just make sure you reach out to DBS after you’ve checked out.

They accept two types of checks: bill pay and personal checks. After you’ve submitted your order, DBS will shoot you an email with payment instructions. Keep an eye on your inbox!

4. Confirmation Time

Once DBS has processed your order, they’ll send you a confirmation email. It’s like receiving a golden ticket in your inbox!

5. Payment Confirmation

Now, let’s talk about that payment. When DBS gets your payment, they’ll send you another email to let you know. This is the green light for them to start prepping your shiny package for shipping.

6. Shipping Methods

The moment you’ve been waiting for! Once they’ve received your payment, the shipping wheels start turning. Your golden treasures will be on their way to you in no time.

Some Limits to Keep in Mind

Before you go on a shopping spree, remember that there are some limits to how much you can order in different ways. If you’re using a check, the limit is $30,000. If you prefer the speed of a bank wire, you can go up to $80,000. But if you’re thinking of using a credit card or PayPal, the limit is $1,500.

Secure Storage Solutions with DBS Coins

Okay, so you’ve got your hands on some precious metals from DBS Coins, but what next? Well, how about keeping them safe and sound in some of the most secure vaults around the world? Here’s the lowdown on DBS Coins’ storage options.

1. Global Storage Reach

You can purchase your shiny treasures right here in the United States and then choose to store them in super-safe vaults located all over the globe. We’re talking places like Singapore, Los Angeles, New York, Miami, Europe, and Salt Lake City. It’s like having a secret stash of gems in different corners of the world!

2. Signing Up is a Breeze

Ready to get started? Just give them a call, and they’ll send you all the necessary paperwork. You can get it via fax or email, whatever floats your boat. It’s as easy as one, two, three!

3. Shipping and Secure Storage

Now, here’s the cool part: DBS takes care of all the shipping stuff. They use trusted carriers like UPS and FedEx, and depending on where you want your precious metals stored, they’ll get there in a jiffy, usually within one to three business days. It’s like sending your gems on a speedy adventure!

4. Separate Storage

DBS is all about keeping things neat. They store all your products separately, under your name, in what’s called “segregated storage.” It’s like your very own vault within a vault!

5. Protection and Insurance

Safety first, right? Well, DBS has got you covered. All the products in their storage facilities are typically insured up to their total value. But here’s the kicker: DBS goes the extra mile by giving you private insurance worth a whopping $50,000,000 daily for your products. That’s a whole lot of protection!

6. Minimum Requirements and Costs

Now, here’s something to keep in mind. In some countries like Singapore and Europe, there are minimum storage requirements for different types of metals. So, before you make your choice, make sure to check those details.

And speaking of choices, storage costs can vary depending on the types of metals you’re stashing away and the location you pick. It’s kind of like picking different parking spots; some are fancier than others!

How to Start Your Precious Metal IRA Journey

While DBS Coins doesn’t directly offer IRA services, they’ve got your back with trusted partners to make it happen. Here’s a simple guide to get you started:

1. Connect with DBS-Approved Partner IRA Custodians

Your first step is to reach out to DBS-approved IRA custodians, like Gold Star Trust and New Direction. They’ll be your go-to folks for setting up a Self-Directed account. It’s like calling up the experts to help you on your precious metal journey.

2. Fund Your Account

Once you’ve got your Self-Directed account set up, it’s time to put enough money in the pot. You’ll need enough funds to purchase your precious metals and store them safely. Now, here’s the deal: every depository charges a little fee for holding onto your shiny treasures. It covers things like safekeeping, accounting, and insurance. It’s a small percentage, but it keeps your investments secure.

3. Let Your Custodian Take the Lead

After you’ve funded your account, your trusty custodian will take the reins. They’ll send DBS a Buy direction letter, letting them know how much you’ve got to play with.

4. Product Chat with DBS

Once DBS gets that letter, they’ll reach out to you. This is when the fun begins! They’ll chat with you about all the fantastic products they have and the prices. It’s like a treasure hunt but without a map.

5. Lock in Those Prices

After you’ve picked your shiny treasures and agreed on prices with DBS, they’ll send you and your custodian a purchase order. It’s like sealing the deal.

6. Let the Money Flow

Now, it’s time to make things official. Your custodian will transfer the funds from your account to DBS. It’s like handing over the keys to the vault.

7. Shipment and Confirmation

The moment you’ve been waiting for! DBS will ship your precious metals straight to your depository. Once that’s done, you’ll get confirmation from both DBS and the depository. It’s like getting a golden ticket in the mail!

Is DBS Coins Trustworthy? Let’s Find Out!

You might be wondering, is DBS Coins the real deal or some sort of shady operation? Well, let’s put those worries to rest – DBS Coins is indeed a legitimate company with a bunch of good stuff to offer. Here’s the scoop:

1. Legitimacy is Key

First and foremost, DBS Coins stands on solid ground when it comes to legitimacy. They’re not some fly-by-night operation. They’re part of different reputable organizations like PCGS, PNG, and NGC. These are like stamps of approval in the world of precious metals.

2. Room for Improvement

Now, here’s the deal – while DBS Coins is legit, they might not be the absolute best when it comes to their services and products. This becomes clear when you look at the ratings and reviews out there. There are some not-so-happy campers, and that’s something to keep in mind.

3. Limitations on Orders

One thing to note is that DBS Coins has some limits when it comes to orders. So, if you’re thinking about making some massive purchases, you might want to explore other options. They might not be the best fit for those who want to go all out.

DBS Coins Review: Final Thoughts

In conclusion, DBS Coins shines as a legitimate player in the world of the precious metals industry. They offer a range of products and services, and their legitimacy is backed by their association with reputable organizations like PCGS, PNG, and NGC.

However, it’s important to note that they may have room for improvement in terms of DBS Coins reviews and ratings, with some negative feedback compared to other companies. Additionally, their limitations on order size might not make them the ideal choice for those looking to make substantial gold investments.

Ultimately, DBS Coins is a valid option for those interested in precious metals, but it’s wise to explore other companies and do thorough research to determine if they align with your investment goals and preferences.

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