Nationwide Coin and Bullion Reserve is a gold, silver, and numismatic coins dealer. The firm began in 2007 and has grown to amass a sizable collection of coins and customers. Precious metals investing is widely regarded as the safest IRA and other investment vehicles. Because metal prices do not change much over time, they buffer economic stability and standards. Bullion coins are valuable due to their metal content and face value. Moreover, certain valuable coins are overpriced for gold and silver coins. And this is why precious metals and coins are subsidized.
Precious metals provide security in your retirement accounts while also adding a bit of assortment to your investment portfolio. Since 2008, as the stock market has undermined the financial stability of the whole United States, individuals have grown increasingly reliant on bullion coins and bars.
If the price of equities falls, the price of metals will fall in the other direction. And this is why metals financing is critical. Besides gold and silver, one can invest in palladium, platinum, or rhodium, for instance. These metals are more expensive and harder to come by than gold and silver. Due to their scarcity, the majority of individuals gravitate toward gold and silver.
Individuals do not like precious metals because gold does not offer yearly interest, unlike the stock market or mutual funds. However, one of the most inherent benefits of precious metals is that they may be easily liquidated when cash is required, and the selling price will be nearly equal to or more than the purchasing price. And as for the collector coins, they come with a face value.
According to the IRS, the price of gold and silver coins or bars remains stable, and they are 0.999 pure. Your precious metal will provide an inflation hedge even in a volatile stock market. However, it is preferable to invest a portion of your purchase in precious metals, and most professional advisors recommend investing 13% of your total investment in bullion.
About Nationwide Coin and Bullion Reserve
The company was formed back in 2009 and has been in the trade for a while now. They deal in gold, silver, and platinum bullion coins and bars. The company first started to assist its clients with practical and beneficial deals for precious metals IRAs. They have tons of in-house experts who are present for their clients and reply to any of their queries without any complications. The company is well-groomed in the precious metals business, and they deal with foreign and USA-minted coins.
The company takes dignity in its constant efforts and knowledge in the metal dealing industry and its collection of metals. Nationwide Coin and Bullion Reserve will provide you with pre-1933 coins, and most of them are sorted as rare and collectible coins. You can also get the latest US minted coins and bars, and all of them are IRS-approved. Besides that, you might be able to acquire foreign coins and bars. And you will also get a rollover IRA and startup packages for gold and silver for the new clients. The company’s headquarters are in Diary Ashford, Houston.
Purchasing from Nationwide Coin and Bullion Reserve
The best way to contact the company is via their website. There is a phone number as well as a query box on the site. The first page on the site is their product or “Order Now” page. You can see additional options for gold, silver, and pre-33 gold; pre-33 gold is an assemblage of rare coins. You can choose the coins or bars from this and add them to your cart.
Once they are in your cart, you will proceed to checkout. There is an additional delivery fee on the actual price. You have to add your name, address, phone number, and mail address for the billing. There are multiple payment options. So simply check-in and place your order. You may check out from their cart directly, and they can take 7-8 days to deliver your precious metals.
And suppose you are interested or have queries. In that case, you can subscribe to their home page by simply putting in your details, and you will get a free subscription along with a free gold IRA guide and two subscription-based journals.
Claims of the Company
Nationwide Coin and Bullion Reserve’s website prominently displays many statements representing the company’s guiding values. If a consumer does not get the correct goods or has a defect, they will refund the money. The organization promises to provide accurate information and be very helpful to its consumers in any scenario.
Further, the organization assures the authenticity of its collector coins and maintains a price range consistent with the market. Finally, they seem to be advertising the things they have amassed. These benchmarks were introduced to assuage any doubt regarding the bargains in precious metals. Nationwide Coin and Bullion Reserve claims are that they work relentlessly in their trade and customer management.
Products of Nationwide Coin and Bullion Reserve
Though the company claims to have a diverse stock of precious metals, they mainly stocked gold and silver. There are some pre-33 coins as collectibles and rare coins, but the number of these coins is pretty slim. This can be since the company is trying to minimize their products to make a more impactful customer venture, but the quantity of the coins and bars is consolidated.
Gold
There are fourteen gold coins and bullion bars available on the site. There are exclusive offers and introductory offers. The pricing of these gold and silver coins changes with time, and you can ask them via mail or phone about the current rates.
Gold Coins
For the introductory offer, the Nationwide Coin and Bullion Reserve offer a $50 Gold American Eagle, and they limit the collection of this order to one per household. This is done to improve their sales and as the coin is in demand. The $50 gold American Eagle depicts Liberty on one side, and the other side portrays a family of eagles.
Liberty embodies the sense of freedom for America, and the eagles show the sign of harmony. Besides the $50 Eagle, the company also has a $5, $10, and $20 American Gold Eagle collection. The Nationwide Coin and Bullion Reserve also released a new $50 2021 American Eagle with an adaptation on the reverse side, where the right silhouette of an eagle is displayed.
Besides that, there is a $2.5 Indian Head Quarter Eagle. This coin was first created in 1908, in the time of Theodore Roosevelt, and displays an Indian head profile of Lyon Pratt. This coin was minted again in 1929, during the time of Franklin Roosevelt, and has almost the same design. One side of the coin depicts an American Eagle with the motto of America, “E Pluribus Unum,” and the other side shows the profile of Lyon Pratt and 13 stars representing the states of America.
28.6g Gold Buffalos are also available on the site. Thus, the coin is considered one of the most lustrous coins minted in the USA and is 0.999 pure. This 2013 and $50 Gold Buffalo represents an Indian and a raging buffalo on each side of the coin. There is a 2018 American Liberty Gold Coin with 24 karat gold. One side of the coins illustrates Liberty with a crown of stars, and the other side shows a flying eagle along with the slogan of the United States.
Another gold coin on the list is the 2020 Mayflower P70 Cameo Coin, which depicts the historical Mayflower Voyage and was produced to commemorate the 400th anniversary of the event. The coin was designed by the Nationwide Coin and Bullion Reserves’ lead sculptor, Don Everhart. The coin is detailed and unique on its own.
Gold Bar
There is only one 28.6-gram gold bullion bar available on Nationwide Coin and Bullion Reserve site. The price of this gold bar will be almost eighteen hundred dollars, approximately. This is also among the preliminary offers from the company. The bar is 999.9% pure gold. One side of the bar depicts the tag, “Maker Of Choice,” and the weight and purity of the gold.
Silver
On the site, there are just five distinct silver and gold bars offered. While the selection of silver items is limited, there are certain unique coins that you will not find at other gold dealers.
Silver Coins
The 28.6-gram silver American Eagle is almost the same as the American gold Eagle. One side features a walking Liberty harboring an olive branch, and her veils reveal the stars of the United States and sunrise on her feet. The other side of the silver dollar shows an eagle, symbolizing the freedom of America.
The Mercury Dime is a coin produced from 1916 to 1945 and designed by Adolph Weinman. This coin survived the Great Depression and World War II and showed the Roman god Hermes, or Mercury, like Liberty. And the backside of the coin displays olive branches covering fasces.
The Kennedy Silver Half Dollar was created to memorialize the assassination of President Kennedy. These coins were first circulated in 1964 and were created just one month after the president’s demise. One side has the silhouette of President John F. Kennedy, and the other side shows an eagle as the resilience of America.
Silver Bars
There is only one silver bar available on the site. The 286.4-gram silver bar has unique designs on the front and back sides and 999.9 purity.
Rare Coins
There are three rare or pre-33 gold coins listed on the Nationwide Coin and Bullion Reserve site. The $2.5 Indian Head Quarter Eagle and the $10 Gold Indian Head are among rare gold coins. As the 1933 Gold Confiscation Act ceased the production of any bullion coins due to the great depression, the significance of the coins inflated. Not only for the metals, but they also hold significance as historical fragments.
$20 Saint Gardens Double Eagle was minted between 1907 and 1933 and is named after its sculptor. The one side portrays Liberty with her hair flowing, and the other side depicts an Eagle with sunrays originating from underneath and the twenty-dollar characterization and is one of the best investments according to the precious metals industry.
Costs and Payment Options for Precious Metals
Numerous charges have been filed against Nationwide Coin and Bullion Reserve, alleging that they inflate their yields and do not convey accurate and reliable information. The company also attempts to settle down beyond the customers’ budget rather than sticking to their queries.
The prices of precious metals are subject to change, and in most situations, they do not include a commission, so you must contact them directly. The precious metals market, along with other gold companies, controls bullion’s overall formation and performance.
Nationwide Coin and Bullion Reserve accept credit cards, cash, and cheques as forms of payment.
Nationwide Coin and Bullion Reserve Review
The company has several reviews on its official site, but some exclusive reviews on other official sites like BBB and Trust Pilot.
Better Business Bureau (BBB)
The BBB does not accredit Nationwide Coin and Bullion Reserve due to their D+ rating on the site. There are about thirty-three Nationwide Coin and Bullion Reserve reviews and more than thirty complaints on the site. The majority of comments in this thread are unfavorable. Most consumers report that they received no merchandise after making payments or received a defective product from the company. Additionally, there were allegations of credit card fraud and undisclosed payments.
Business Consumer Alliance (BCA)
This site rated the Nationwide Coin and Bullion Reserve with “AA.” But there is no visible comment or rating on the site.
Trust Pilot
Nationwide Coin and Bullion Reserve received 4.6 stars and a “good” rating from this site. The majority of reviews are five stars, and they all state that the firm lived up to its claims. However, there was some harsh criticism, implying that Nationwide was tardy in delivering the precious metals.
GlassDoor
There are four reviews on this site for the Nationwide coins, with three stars. Most of the customer objections were regarding the company’s customer service and communications.
Womply.com
There are sixty-two reviews of Nationwide Coin and Bullion Reserve on this site, with an average rating of 4.2. The majority of the remarks in this section were gathered from social media and other sites.
Red Flags
There have been some severe accusations of the company in recent years, which might be a formidable back draw.
- The Better Business Bureau has not accredited the company and has given it a D+ rating.
- Their statements are inconsistent with their actions, and they deliberately confuse and mislead their clients.
- Despite the cancellation of the goods ordered, several unauthorized transactions occurred.
- Response time of shipment is slow and product misplacement.
- Client information is not protected.
- Misbehavior with the customers.
- Elevated expenses for metals.
Conclusion
Do we recommend this company? The answer will be yes, we do. However, be aware of the assertions and enquire about the Nationwide coins system layer and pacing. Proceed if Nationwide Coin and Bullion Reserve meet all of your preliminary requirements. The institution has existed for some time, and despite this, they have no authoritarian accusations or risks associated with their commodities or business ethics. As a result, they adhere to their agreements. However, they seem to overstep their marketing boundaries with customers, and in this instance, ensure that you are familiar with your product needs and price to avoid any accidents.
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started this website to share his expertise in using his Self-Directed IRA. Most recently he's been advising individuals to diversify into precious metals ahead of a certain recession. He invested with Goldco.