Scottsdale Bullion and Coin Review 2023: Scam or Safe?

Who is Scottsdale Bullion and Coin? Who Are the People Behind This Company?

Scottsdale Bullion & Coin, also known as SBC Gold, is a company that was created by Eric Sepanek in 2005. Their main mission is to assist investors rather than just sell to them.

In simpler terms, they don’t see their clients as people who only want to buy precious metals. Instead, they work hard to help them reach their specific financial future investment goals and needs.

SBC Gold is your go-to spot for all things bling-worthy! They’ve got your back when it comes to dealing with precious metals. Whether you’re looking to buy, sell, invest, or stash away your shiny treasures, they’ve got you covered.

And hey, they’re not just about the basics. They’re also like your personal gold guru, providing tips and tricks to keep you in the know about what’s hot in the world of precious metals. So you can be sure your investments are sparkling bright!

The team at SBC Gold is made up of experienced precious metals experts, boasting a combined 100 years of experience in the field. The founder, Eric Sepanek, developed an interest in gold and silver investments during high school and continued to study economics. He worked at Wells Fargo for a while before fully committing to his passion to purchase precious metals.

Eric began his career as a broker at a large precious metals firm, where he gained extensive knowledge by actively trading, closely monitoring markets, and studying the history of precious metals and currency.

SBC Gold currently has 18 employees, including managers, advisors, top precious metals consultants, and appraisers. Their primary goal is to help their clients make well-informed decisions when it comes to investing in the precious metals markets. They collaborate with their clients on individual investment goals, share their expertise, and aim to build long-lasting relationships.

What Are the Products They Offer?

I checked out Scottsdale Bullion and Coin’s offerings, and they have a bunch of different things to buy:

1. Bullion

They sell stuff like silver, gold, palladium, and platinum in the form of bars and coins. These things are approved for Individual Retirement Accounts (IRAs), and they even come with a certificate to prove they’re real. Some examples just a shill of physical gold coins they have are American Eagles, South African Krugerrands, and Maple Leafs.

2. Numismatic Pieces

If you’re into rare and collectible coins, they’ve got a diverse selection of those too. Some experts have graded these coins, so they’re worth more than regular ones because they’re unique, and not many were made.

3. Proof Coins

These are special, rare coins, made of mints. They’re super detailed and look amazing. Usually, they come in sets, and each set has its own cool design.

4. Services

If you need help with your investment, they can give you advice for free. They also offer storage solutions if you’ve got a lot of coins or precious metals to keep safe. You can use them for your IRA, and they can even tell you how much your stuff is worth. Plus, they have an online store where you can buy all these things.

So, if you’re thinking about investing in precious metals or collectible bullion bars and coins, Scottsdale Bullion and Coin has you covered with a bunch of options and helpful services.

Scottsdale Bullion and Coin Precious Metals IRA

So, a Gold IRA is a way to save money for when you’re retired. But instead of just saving money, you use precious metals like gold, silver, platinum, or palladium to do it. When these precious metals companies become worth more over time, your retirement savings also become worth more.

This Gold IRA works kind of like the regular retirement accounts you might know about. You can get some tax benefits when you put money in and take it out. But there are some strict rules from the government that you have to follow.

For instance, if you want to put gold in your retirement account, it has to be really pure, like at least 99.5%. And you have to buy it from a trustworthy seller. If you choose silver, it has to be even purer, at least 99.9%.

Plus, the places that store and take care of your gold, like the dealer, depository, and custodian, all have to be approved by the IRS. Scottsdale Bullion & Coin Gold IRA can help you find these trusted places to pick from, depending on what you need.

How Can I Get Started with this Precious Metals Dealer

I’ll explain how to begin with purchasing Scottsdale Bullion & Coin (SBC Gold) in simple terms. If you want to work with purchasing them, you can’t just order from their website like you might with other online stores. Instead, you have to do a few things:

1. First, go to their website and ask for a free guide about investing in precious metals. This guide will give you some information about what they offer.
2. Next, get in touch with one of their advisors. You can either call them using the phone number they provide or sign up on their website to have them call you. This advisor will talk to you about what you want to achieve with your investments.
3. After your chat with the advisor, they’ll create an account for you. This account is like your personal space where you can do things like buying, selling, or saving with SBC Gold.

So, in a nutshell, you start by getting their free guide, then talk to an investor or advisor, and they set up your account. After that, you can start investing with SBC Gold.

How to Add Precious Metals to Your Gold IRA

Here’s how you can add precious metals to your Gold IRA:

When you want to put precious metals into your Gold IRA, you’ll work with three important groups of people: the precious metal dealer, the custodian, and the depository. I’ll explain what happens step by step.

• First, you decide to buy precious metals through SBC Gold, which is a precious metal dealer. You get in touch with one of their representatives.
• The representative will talk to you about the different types of precious metals you can buy, the storage fees and costs involved, and other things related to the purchase. They’ll do this before helping you open an account.
• Once your account is set up, they’ll send a form to the custodian or depository you choose. If you need help filling out this form, they’ll assist you.
• Then, the precious metals you bought will be shipped directly to the depository on your behalf.
• Everything’s done! The custodian and depository will take care of holding your precious metals until you decide you want to take some out or sell them.

How Can I Fund My Gold IRA

Cash Contribution

You can add money from your income right into your precious metals IRA. But there’s a rule from the IRS that says you can’t put in too much.

Transfer

If you already have another IRA account, you can fill out some paperwork to move some or all of your money into your precious metals IRA. Most people like this because you can do it as many times as you want without getting in trouble with taxes or the government.

Rollover

Rollover means moving some or all of your retirement savings from one special plan to another. It works for 401(k) plans and 403(b) plans too. Just like with transfers, this won’t count toward how much you can put in each year.

There are two ways to do a rollover:

1. Direct Rollover: This is when the people who take care of your old IRA move the money right into your new gold IRA account.
2. Indirect Rollover: This is when you get a check and put it into your precious metals IRA yourself.

Complaints about Scottsdale Bullion and Coin

When you check out a business online, you usually find reviews and complaints from customers. If a company only shows good reviews on its own website or has perfect five-star ratings on Google, you might wonder if it’s too good to be true.

But even when a business has some not-so-great reviews, it can help you understand what customers really think about it.

Now, let’s talk about Scottsdale Bullion and Coin. It’s been around since 2012 and offers services for people who want to invest in precious metals like gold and silver. They have a top rating of “A+” from the Better Business Bureau.

Every business wants excellent reviews, and Scottsdale Bullion and Coin is no different. They want their customers to be really happy with their experiences.

People who use Scottsdale Bullion and Coin often give it more than 4 stars in their reviews. On Yelp, customers give it a good score of at least four stars for investments and even more for other things they sell, like jewelry.

It’s important for investors and collectors that the products they buy are genuine. Most of the precious metals sold by Scottsdale Bullion and Coin are checked and graded by official agencies, like the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC).

If you need help or have questions, you can get in touch with Scottsdale Bullion and Coin. They have a toll-free number at 1-888-812-9892 or a local number at 1-480-459-5597. You can also visit them in person at 14500 N. Northsight Boulevard #204 Scottsdale, AZ 85260.

Pros & Cons

I checked out the Coin Scottsdale Bullion, and here’s what I found:

Pros:

• They offer a variety of precious metals like gold, silver, palladium, and platinum for both new and experienced investors.
• They focus on teaching their customers how to invest in these precious metals.
• They have a good reputation, with an A+ rating from the Better Business Bureau.
• Customers can easily buy, sell, or invest in precious metals through their platform.
• They put a strong emphasis on educating their customers about precious metals.

Cons:

• Some customers mentioned that the prices of their products were higher than what’s available in the market.

It’s also important to note that in the precious metals market, the prices can vary, and sometimes the difference between what buyers pay and sellers receive can be significant. This might mean that in certain situations, buyers could end up paying more when the market is doing well.

My Final Verdict

In the digital age of investing, you gotta be street-smart about where you put your hard-earned cash, especially when it’s all about those shiny precious metals. I mean, there’s a whole bunch of these dealers floating around online, and it’s like trying to pick the coolest hangout spot in town – tough, right? So, let’s break it down and find the perfect fit for your bling-bling investment.

If you’re wondering about getting into the whole precious metals investment game or how they can help you stash some cash for the long haul, Scottsdale Bullion and Coin’s got your back. They’ve got the goods and know-how to make it happen.

You see, some savvy investors like to keep a little shiny stuff in their financial toolbox. Why? Well, it’s like having some real-deal, tangible assets in your back pocket. When the money game gets all wonky with inflation threats, these precious metals tend to keep their worth intact. So, yeah, they’re like your financial insurance against the crazy economic rollercoaster.

In my opinion, Scottsdale Bullion and Coin is an okay company, but there might be better options out there compared to some other companies we’ve talked about on this website.

Other Precious Metals Dealers:

• Schiffgold Review
• SD Bullion Review