Summary: Even though the name is Silver.com, it’s not just about silver. It’s a company that helps with precious metals and Gold IRAs. They started in 2013. They have a range of gold, silver, and platinum that you can use for your IRA. They also have special coins you can collect. If you want to set up a Precious Metals IRA, they make it easy in three simple steps.
For keeping your precious metals safe, they work with two companies: GoldStar Trust Company, The Entrust Group, New Direction IRA, or Strata Trust Company. These companies help manage your IRA.
Protect Your Wealth & Get Huge Tax Savings!
They also offer safe vault storage with two options: First State Depository Company or the Delaware Depository.
But they don’t have palladium products right now. One thing to note is that Silver.com doesn’t share much about its management team.
Precious metals like gold and silver have been used for a long time to protect against rising prices and keep your money safe.
When you compare them to things like paper money or other stuff you invest in, precious metals like gold and silver usually don’t lose their value or can even become worth more over time.
Because of this, many people like to invest in them, especially when things are uncertain, and they want to ensure their money doesn’t lose its worth. Even when things are going well, smart investors put some of their money into precious metals just to be safe.
Gold is probably the most famous way to protect your money from rising prices, but it’s usually expensive, and not everyone can afford it.
For regular people who don’t have a ton of money to protect but still want to keep their savings safe, silver is a great choice in a crazy world. And it makes sense to buy silver from Silver.com.
First, let’s be clear that the name “Silver.com” doesn’t mean they only sell silver. The company offers copper coins, bars, palladium, platinum, and gold, among others. On top of that, they also provide other services related to storage and investing.
Join us as this review will dig deeper into their precious metal dealer.
What is Silver.com?
So, what’s the deal with Silver.com?
They are a precious metals dealer headquartered in Dallas, Texas. Silver.com offers precious metals IRA, copper bullion online, copper rounds, and more at excellent service and competitive prices.
You see, some folks want to make sure their money is safe, and that’s where owning the actual metal comes in handy. It’s not just a piece of paper saying you own silver; it’s the real shiny stuff in your hands.
There are plenty of places online where you can buy precious metals, but Silver.com this site is a bit special. They’ve got this huge variety of products, including some fancy limited-edition coins that are always changing.
But that’s not all! Silver.com isn’t just about selling stuff. This bullion market leader also provides great service to help precious metals investors invest and store their precious metals IRA. Pretty handy, right?
Company Information and Background
Silver.com is based in Dallas, Texas, and it’s a company that helps people invest in precious metals. They also make it easy for customers to set up Precious Metals IRAs in three steps.
Their inventory includes various gold, silver, and platinum products approved for IRAs. They also have collectible coins. Silver.com has partnered with four reputable companies that can take care of the custodial services for these IRAs.
The Silver.com website has educational resources to help customers learn about investing in precious metals and stay updated on market news. They even have a “Charts” page that shows the current and past prices of precious metals. You can also find information about the current prices for silver and gold and detailed FAQs.
Silver.com Management Team
Silver.com doesn’t share any information about its management team. You won’t find details about them on their website or social media platforms like LinkedIn.
Silver.com Custodian and Storage
Silver.com works with both the First State Depository Company and the Delaware Depository for storage options to keep your precious metals safe.
You can choose from four companies for custodial services: GoldStar Trust Company, The Entrust Group, New Direction IRA, or Strata Trust Company.
Silver.com Products
Silver.com offers a wide selection of gold, silver, and platinum coins and bars approved for IRAs. They also have collectible coins. For example, you can find silver coins like the American Silver Eagle and Canadian Silver Maple Leaf. If you’re interested in gold, they have options like the American Gold Buffalo, American Gold Eagle, and Gold Canadian Maple Leaf. They also offer platinum options like the Canadian Platinum Maple Leaf and Platinum American Eagle.
It’s worth noting that they don’t have any palladium coins or bars available.
What Are the Products They Deliver?
So, Silver.com has a whole bunch of different stuff made out of precious metals like silver. Let’s talk about the silver stuff first.
They sell these 1-ounce silver coins and have plenty of them, so if you’re into collecting coins, you’re in luck! Some of these famous coins like the silver American Eagles, Canadian Maple Leaves, and South African Krugerrands. But they also have some cool, less-known ones from Armenia, Rwanda, Somalia, Mexico, Austria, and the Congo.
The mints in their home countries make these coins, and they’re usually certified to be pure silver, either 99.9% or 99.99% pure. Plus, they’re certified to show when they were made. You can even get them in special cases with info about their type and year.
But wait, there’s more! You can also buy older coins from 40% to 90% silver. These are coins that used to be used in the US a long time ago, before 1965. Back then, the law said these coins had to be mostly silver. You can find old half-dollars with President Kennedy’s face, older half-dollars with Benjamin Franklin, dimes with President Franklin D. Roosevelt, and quarters with George Washington.
There are also cool coins like Morgan Silver Dollars, Walking Liberty Half Dollars, Barber Quarters and Half Dollars, and Mercury Dimes. And don’t forget about 40% silver Kennedy Half Dollars and special 35% silver nickels made during World War II.
You can buy these coins individually, in pairs, in rolls of 40, or bags of 100. The bags usually have a mix of coins from different years and types.
Now, let’s talk about silver bars. These are great for folks who want to store a lot of silver without fuss. Bigger bars usually have lower costs compared to the price of silver.
Silver.com has bars that are 99.9% pure silver and come in different sizes, from 1 ounce to 100 ounces. There are even tiny bars that weigh just 1 gram.
And if you’re into unique stuff, you can get special silver coins and bars found on a sunken ship called the S.S. Gairsoppa. Like the 1/4 ounce S.S. Gairsoppa British Britannia coin.
They even sell silver bullets and small silver statues if you’re feeling adventurous. These statues can be of all sorts, from soldiers and bears to Star Wars characters and dragons. They can weigh from 4 to 30 ounces. The bullets come in different sizes, too.
So, whether you’re a serious collector or just looking for some silver for your investment, Silver.com has all sorts of silver goodies!
Gold Bars, Gold Coins & Other Gold Products
When it comes to gold, there are some things to know. Like silver, you can buy famous gold coins like 1-ounce American Eagles, Canadian Maple Leaves, and Mexican Libertads.
But here’s the cool part – you can also get special 1-ounce gold coins that show superheroes and characters from movies like Star Wars and Lord of the Rings. These special coins don’t have silver versions, so they’re unique.
Now, there’s a difference with gold Krugerrands. Unlike silver Krugerrands, which are pure, gold Krugerrands are a bit less pure, about 91.67% gold. You can get them in 1/4-ounce and 1/2-ounce sizes, not just the standard 1-ounce size.
They have gold bars, too, but these are smaller than the silver ones. Gold bars can weigh as little as one gram or as much as 1 kilogram. People also like 1-ounce gold bars.
Here’s something special: they have two products that are only in gold. First, there are these old American gold coins from before 1933. Back then, the US government said people had to give up their gold, except for jewelry. These coins, like the 90% gold American Half and Quarter Eagles, are part of that history.
The other gold-only thing they have is special gold notes. These used to be like money; you could exchange them for gold. They’re not used as money anymore, but they’re neat collectibles.
Platinum and Palladium Coins & Bars
You can get platinum and palladium coins and bars at Silver.com, but there are fewer options than silver and gold. They also have special rounds and bars for these metals. To find out more, it’s a good idea to check Silver.com.
Copper Products
Silver.com also offers copper products. Copper isn’t typically seen as precious, but it used to be used in US pennies, and now the copper in them is worth more than the coins themselves. Silver.com sells Wheat Pennies made by the US Mint from 1909 to 1958 in five-pound bags.
They also have 1 oz. copper rounds with different designs, like Native Americans and cryptocurrency logos. You can buy copper bars or cubes ranging from 1 oz. to 10 pounds if you prefer bars.
Additional Products
Apart from coins and bars, Silver.com offers some other items for sale. These include cryptocurrency wallets made of copper and various tubes and cases for bars and coins. You can find details about sizes on their website.
Selling Your Bullion
If you want to sell your precious metals, Silver.com offers competitive prices. When you agree on a selling price with them, that price is locked in, even if the metal’s market price changes. This applies to both buying and selling.
Investment and Safekeeping Services
Silver.com offers more than just products. They provide two important services: setting up a precious metals IRA and secure storage for your bullion.
Precious Metals IRA
You can open your self-directed IRA with Silver.com, fund it as you see fit, and buy IRA-approved precious metals to fill the account. They work with different IRA custodians, including The Entrust Group, Inc., The Goldstar Trust Company, New Direction IRA, Inc., and Self-Directed IRA Services, Inc. This IRA comes with tax advantages, making it a smart investment. Contact Silver.com for more information.
Storage Options
If you buy a large amount of bullion that you can’t store yourself, Silver.com can help you find a storage solution. Remember that you’ll need to store your metal in an approved depository for tax benefits. Silver.com recommends either the First State Depository Company, LLC, or the Delaware Depository Service Company for storing precious metals, and they can connect you with these firms.
Shipping and Costs
When you buy from Silver.com, they usually send your order on the same day. It might only take longer if you pay with a check. In that case, it can take 4-6 business days from when they deposit your check to ship your order. Shipping costs $7.99 for orders under $199, but it’s free for orders of $199 or more. They use UPS or the US Postal Service for shipping, depending on what’s faster. If your order is over $1,000, you need to sign for it.
They send orders from Las Vegas, NV, so how long it takes to arrive depends on where you live. Usually, it’s 1 to 4 business days.
Taxes are charged in 46 states and the District of Columbia. Delaware, Montana, New Hampshire, and Oregon are exceptions. You must pay the state tax yourself if you live in those states. If your bullion is stored in a different state, you’ll pay the tax for that state. Each state has tax rules, so check Silver.com‘s directory for details.
The cost you pay above the spot price depends on how you pay. Checks and wire transfers have lower fees, while credit cards and PayPal have higher ones. Cryptocurrency is in between.
Silver.com Precious Metals IRA Information
- Company Name: Silver.com
- How Much It Costs: The cost can vary.
- Fees: They charge flat fees, which means they don’t change based on how much you invest.
- Where They Keep Your Precious Metals Safe: They work with two places, First State Depository Company and Delaware Depository, to store your precious metals securely.
- Custodian Partners: They partner with four companies to help manage your IRA: GoldStar Trust Company, The Entrust Group, New Direction IRA, and Strata Trust Company.
- Types of Metals: You can invest in gold, silver, and platinum through your IRA with Silver.com.
- How Long They’ve Been Around: Silver.com has been in business for 8 years since 2013.
Ratings and Reviews
Silver.com gets good ratings from business rating agencies like the Better Business Bureau (4.7 out of 5). Trustpilot gives it an overall rating of 3.2 out of 5, and SiteJabber rates it even lower at 1.96 out of 5.
Some customers have had issues with shipping, delays, and damaged orders. Others found it hard to get information from customer service.
When I assess a company, I don’t rely on reviews from their websites or social media profiles for obvious reasons. Instead, I focus on their ratings on reputable and independent third-party consumer protection agencies. Here’s what I found (with clickable links):
- Trustpilot Rating: 2.8 out of 5 stars (2.8 / 5) from 9 customer reviews. [Click here for details](insert link)
- – BBB (Better Business Bureau) Rating: 4.1 out of 5 stars (4.1 / 5) from 20 customer reviews. [Click here for details](insert link)SiteJabber Rating: 1.6 out of 5 stars (1.6 / 5) from 11 customer reviews. [Click here for details](insert link)
- Trustlink Rating: N/A
- Yelp Rating: N/A
In short, you can find affordable silver products here on Silver.com, but you might need to wait a while to get your order.
Advantages and Disadvantages of Silver.com
Advantages:
- Lots of different things to choose from, especially when it comes to silver.
- Prices are usually cheaper than other places selling the same stuff.
- Shipping costs are low.
- You can easily get investment and storage services in one spot.
Disadvantages:
- Some folks have said they often wait long for their orders to arrive, and sometimes things get damaged.
- Customer service doesn’t always respond to requests, especially about shipping.
- They only ship to the United States.
Is SILVER.com Trustworthy or a Scam?
So, is SILVER.com a trustworthy company or a scam? I believe it’s a trustworthy company because it has real owners and a genuine physical address for called company. Additionally, they are accredited by the Better Business Bureau (BBB), which adds to their credibility.
However, whether it’s the best option is a different question, and you should decide for a few dollars for yourself. To help you make an informed decision, let’s look at what their customers have said about their experiences with the company:
The Verdict:
As you can see, they have received ratings from two well-known online dealers and trusted independent third-party consumer protection agencies. These ratings are fairly average in my opinion. If you want to read positive and negative customer opinions, you can do so through the links above. Ultimately, it’s essential to consider these reviews when making your decision about SILVER.com.
Frequently Asked Questions (FAQs)
Q: What phone numbers should I use to contact Silver.com?
To place general orders or set up a precious metals IRA, call 1-888-989-7223. For selling your precious metals to Silver.com, call 1-866-898-4805. You can reach their team from Monday to Friday, between 8:00 AM and 6:00 PM Central Standard Time.
Q: What types of bullion can I buy from Silver.com?
Silver.com offers silver, gold, platinum, palladium, and copper bullion in coins or bars of precious metals products various sizes and purities. They also sell bullion in the form of gold or silver statues.
Q: What payment methods does Silver.com accept?
Silver.com accepts payments through credit card/debit cards, paper checks, checks, bank wire transfers, PayPal, and two cryptocurrencies, Bitcoin and Ethereum.
Q: Are deliveries from Silver.com insured?
Yes, every order is covered by Silver.com‘s in-house insurance policy until it’s safely delivered and signed for by the recipient. If the order gets lost or stolen during transit, Silver.com will try to locate it. They promise to send you a replacement order or issue a refund if delivery attempts are unsuccessful.
Q: Can You Get Gold and Silver Delivered to Your Home?
Yes, you can! If your order is over $3,000, the shipping is free, and it comes with insurance to protect your delivery. For orders under $3,000, there’s a flat rate of $7.99 for shipping.
Q: Can You Store Your Investment with the Company?
I couldn’t find much information about this on the website, but when it comes secure shipping them to IRAs, you can’t have the metals shipped to your home. SILVER.com will send the metals you buy to a third-party storage place.
Q: Can You Sell Back to the Company?
Absolutely! They have a minimum purchase requirement of $1,000 for buyback. Their website says they’ll offer you a fair and reasonable price when you want to purchase or sell.
Q: Can Anyone from Any Country Use Their Service?
It’s not mentioned on their website, but I think their services are probably only for people who are citizens of the United States. This assumption is based on the flat shipping rate of $7.99 for orders under $3,000.
Final Thoughts
In conclusion, Silver.com is a legitimate company and not a scam. However, we do not suggest choosing them.
Superior choices are available for investors buying precious metals with cash. Especially if you want to safeguard your savings with a physical precious metals IRA, it’s better not to take any chances.
We recommend considering other companies we believe are better options to work with.
Other Precious Metals Dealers:
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.
