Southern Coins & Precious Metals Review 2023: Scam or Legit?

Southern Coins and Precious Metals is like the ultimate hangout for folks who are all about precious metals and coins. It’s a cool hub where investors and collectors can kick back, chat, and learn all sorts of fascinating stuff about this shiny world. So, whether you’re a newbie just dipping your toes in or a seasoned pro, you’re in the right place to geek out about precious metals and coins with other passionate peeps. It’s like joining a group where you get to talk shop and share your excitement with like-minded enthusiasts.

Southern Coins & Precious Metals, which is a group of devoted numismatists established with years of expertise in the industry, is dedicated to providing educational articles, technical analysis, and current market trends that are tailored only for the precious metals southern coins community.

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Southern Coins & Precious Metals: A 40-Year Legacy of Excellence

For four decades, Southern Coins & Precious Metals has been a renowned gold and rare coin dealer in the heart of New Orleans, and it remains family-owned and operated to this day.

Originally nestled in the charming French Quarter, Southern Coins & Precious Metals made the move to Metairie in 1986, expanding its reach while preserving its commitment to numismatic community excellence.

According to Southern Coins & Precious Metals, they boast a unique distinction in Louisiana as the only coin firm with four of its team members recognized as members of the Professional Numismatists Guild (PNG). The high degree of professionalism and experience among their ranks is shown by this accolade.

Furthermore, Southern Coins & Precious Metals proudly holds the distinction of being the sole Louisiana member of PNG’s Accredited Precious Metals Dealer Program. When SCPM teams up with these partners, it’s like they’re saying, “We’re dead serious about being the best in the precious metal biz!” And speaking of their team, these folks are no rookies – they’re the real deal when it comes to both coin collecting and trading precious metals. That means when you’re dealing with SCPM, you’re getting top-notch advice and support from the folks who know their stuff.

For anyone interested in commonly traded bullion sells gold, or seeking sterling silver items, SCPM has a comprehensive selection to meet their needs.

Exploring SCPM’s Diverse Range of Precious Metal Products

When it comes to satisfying the needs of both investors and collectors, Southern Coins & Precious Metals (SCPM) doesn’t disappoint.

The following are some of the precious metal products that can be found in Southern Coins and Precious Metals:

Platinum: Investors and collectors seeking platinum products will find appealing options at SCPM. You can consider American Eagle platinum coins or go for platinum bars – both are solid choices.

Gold: They offer a broad selection of gold items that cater to the preferences of both investors and collectors. Whether you’re looking to invest or add to your gold coins collection, they’ve got plenty of gold goodies to choose from. These options include American Buffalo, American Eagle, Australian, gold bars, Canadian Maple Leaf, and more. With such a diverse range, customers can easily find the gold items that best suit their preferences and investment goals.

Numismatic and Currency: Beyond precious metal, SCPM also caters to numismatists and collectors of currency.

Silver: For those interested in silver, SCPM offers a rich variety that includes American Eagle, Australian, Britannia, Canadian Maple Leaf, silver rounds, and more. Customers may browse a range of designs and sizes to add to their collections or investment portfolios due to this extensive collection.

With SCPM’s extensive and diverse product offerings, investors and collectors can confidently explore and select the precious metal items that best align with their interests and financial objectives.

Selling Precious Metals and Coins to SCPM: A Hassle-Free Experience

For those looking to do more than just acquire silver coins and precious metals, Southern Coins & Precious Metals (SCPM) extends a warm welcome to individuals interested in selling their gold, silver, platinum, palladium, coins, and currency.

SCPM simplifies the selling process by allowing items to be either mailed to them or brought to their office in Metairie, Louisiana. Regardless of your location, SCPM is ready to evaluate the seller’s items to determine their value. The appraisal services provided by SCPM, whether in-office or by mail, come at no cost to the seller. For non-local, long-term customers, secure carriers like FedEx or USPS registered mail, insured for loss during the evaluation process, are preferred methods for transporting items.

If the seller chooses to mail their items, SCPM recommends coordinating with one of their numismatists to ensure a smooth process with tracking from start to finish. Additionally, SCPM is open to receiving photos of coins via email or text to provide preliminary assessments and determine if an in-person evaluation is warranted.

The company assures competitive rates and prompt price confirmation over the phone. For those sending coins to their Louisiana office, SCPM typically offers appraisals and buy offers on the same day the items are received.

SCPM’s commitment to customer satisfaction is further underscored by their willingness to consider most merchandise offered to them. These folks aren’t just into the shiny and fancy stuff – they’re also experts at dealing with scrap Orleans gold. They’ve got these fancy high-tech tools, like an X-ray fluorescence spectrometer. What they do is pretty cool: they use these gadgets to figure out exactly how much gold is in your scrap stuff, and then they offer you the fair price you can get for it. It’s like getting top dollar for your old gold, thanks to their wizardry.

To ensure a smooth and satisfactory selling experience for everyone, SCPM suggests everyone interested in selling their precious metal get in touch with the organization’s dedicated employees.

SCPM’s Customer-Focused Support Team

Southern Coins & Precious Metals (SCPM) boasts a dedicated customer support team that may be small in size but is big on ensuring an exceptional experience for its clients. Operating from Monday to Friday, they are available to assist you from 9:00 a.m. to 5:00 p.m. CST. Customers may easily contact SCPM since it provides different channels for questions.

To connect with SCPM’s customer support, customers can reach out via phone at 800.535.9704 or through email at Regardless of whether the client is interested in purchasing or selling coins, SCPM encourages them to reach out with any questions or concerns they may have.

Despite their size, SCPM’s customer service staff focuses excellently on providing their valued clients with a pleasant and informative experience with each transaction. Whether a seasoned collector, an investor, or someone just starting in the world of coins and precious metal, SCPM is here to assist in their numismatic endeavors.

SCPM’s Stellar Reputation: A Snapshot of Customer Reviews”

Southern Coins & Precious Metals (SCPM) has built a sterling reputation that shines brightly across various online platforms. One notable endorsement comes from Trustindex, where SCPM boasts an impressive rating of 4.9 out of 5, based on feedback from 75 satisfied customers.

Customers frequently praise the friendliness and helpfulness of SCPM’s representatives, emphasizing their dedication to meeting individual needs.

Furthermore, SCPM is frequently commended for offering some of the most competitive prices in the industry. Customers have reported that SCPM provided the best prices among multiple competitors when selling their gold coin collections. Many also express how SCPM stands out as one of the easiest and most knowledgeable places to buy and sell coins and precious metals.

While SCPM has garnered a wealth of positive feedback, it’s important to note that there is one negative review on Trustindex dating back to 2020. In this instance, the customer expressed dissatisfaction with a customer service representative who allegedly did not listen to their concerns regarding a product valued at $138,000.

Pros and Cons of Choosing Southern Coins & Precious Metals as Your Dealer

In the world of precious metals and coins, Southern Coins & Precious Metals (SCPM) has a long history of working with investors and collectors.


Free Appraisal Service

An additional advantage offered by SCPM is its provision of free appraisal services. The free appraisal service they offer is a real game-changer, especially for folks who need evaluations often. It’s like a money-saver because you don’t have to shell out extra cash every time you want to know what your precious metal or coins are worth. So, investors and collectors can make more dough thanks to this sweet perk.

Product Variety

Investors can explore IRA-eligible gold coins and other precious metals, while collectors have access to a plethora of coins via SCPM’s user-friendly website. This extensive selection caters to the diverse needs and preferences of their clientele.

Recognized and Awarded Company

The recognition and praise SCPM has received from recognized organizations is an important advantage of working with them. As a BBB-accredited business, SCPM has earned the trust of discerning customers. SCPM’s associations with recognized groups such as PNG, PCGS, NGC, and ICTA demonstrate their dedication to maintaining high standards in this industry.

Intuitive Website

Through the use of a user-friendly website that makes navigating simple, SCPM improves the client experience. No matter if you’re an investor looking for certain products or a coin collector looking for coins, SCPM’s website makes it simple to find necessary information, delivering a pleasant user experience.


No IRA Services

Another point to consider when evaluating SCPM is the absence of precious metal IRA services. Although they offer a selection of IRA-eligible precious metals, they do not provide the necessary infrastructure for setting up and managing precious metals within an IRA account.

As a result, customers interested in the convenience and tax benefits of a precious metal IRA will need to seek alternative companies that specialize in providing these services. While SCPM provides excellent products, the absence of this particular service might require clients to look at alternate options in order to attain their retirement investing goals.

Must Call for Prices

Southern Coins & Precious Metals does have its drawbacks, one of which is that customers are required to make a phone call to inquire about product pricing. Unlike many other dealers that prominently display precious metal and coin prices on their inventory pages for easy reference, SCPM opts for a different approach.

Frequently Asked Questions

1. Do they offer free appraisals?

Answer: Yes, SCPM provides free appraisal services for customers interested in selling their precious metals and coins, both for walk-in clients and those mailing in their items.

2. Is SCPM only available to local customers?

Answer: No, while they are based in Louisiana, SCPM serves a nationwide clientele, ensuring accessibility to customers from all over the United States.

3. Can I buy IRA-eligible precious metals through SCPM?

Answer: Yes, SCPM provides precious metal that is IRA-eligible, making it easier for investors who want to include precious metal in their retirement portfolio diversification.

4. How can I reach SCPM’s customer support?

Answer: Customers can reach the SCPM customer service team by phone at 800.535.9704 or email at from Monday through Friday, 9:00 a.m. to 5:00 p.m. CST.

5. Does SCPM have a physical location?

Answer: Yes, SCPM has an office located in Metairie, Louisiana, for those who prefer in-person transactions or consultations.

6. Can I see product prices on their website?

Answer: SCPM’s pricing information isn’t displayed on their website, so you’ll need to call them to inquire about product prices.

7. What organizations recognize SCPM?

Answer: SCPM is recognized by trusted organizations such as the BBB (Better Business Bureau), PNG (Professional Numismatists Guild), PCGS (Professional Coin Grading Service), NGC (Numismatic Guaranty Corporation), and ICTA (Industry Council for Tangible Assets).

Southern Coins and Precious Metals: Final Thoughts

Southern Coins & Precious Metals (SCPM) is a reputable and well-known dealer in rare coins and precious metals that proudly serves the Louisiana community as well as garnering customers from all over the country. Despite having local origins, SCPM has been known for constantly providing its highly regarded customers with outstanding service at affordable costs over the years.

Offerings from SCPM cover a wide range of rare coins and precious metals, suitable for both investors and collectors. Customers have many options to improve their collections or enhance their investment portfolios thanks to its extensive range of products.

It’s important to note that SCPM’s main objective is to assist consumers with basic purchases and sales; therefore, if you’re seeking extensive financial services, you might want to explore elsewhere. Despite having a wide selection of quality items, they do not offer IRA services to people who want to include precious metals in their retirement portfolios. However, SCPM continues to be an option worth considering for investors and collectors looking to increase their holdings or add to their collections. They are a trustworthy dealer in the market for rare coins and precious metals because of their long-standing dedication to high-quality service and affordable prices.

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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.