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One of the most significant challenges investors face is identifying a precious metals dealer that fulfills all their requirements. Whether you're in search of the rarest coins or looking for gold IRA options, the right dealer makes all the difference.
Additionally, factors such as company fees, customer service quality, and client reviews play crucial roles in the decision-making process.
Bullion Exchanges stands out as a precious metals dealer, offering a diverse range of products and services tailored to investors' needs.
In this review, we will look into Bullion Exchanges to assist you in making an informed decision for your portfolio.
Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?
That is why we have researched every company in the industry and selected the very few with the highest customer service standards.
This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.
Read the list to see if Bullion Exchanges passed our strict customer service standards to become one of our top recommendations.
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About Bullion Exchanges
Bullion Exchanges is a precious metals company located in New York City's Diamond District. Bullion Exchanges offers a variety of products and services to help investors reach their financial goals.
The company offers products like gold, silver, platinum, and palladium. Whether you're a first-time collector or a long-term investor, Bullion Exchanges has something to meet your needs.
Bullion Exchanges is focused on developing strong industry relationships which have enabled them to use their purchasing power to source precious metals as close to the spot price as possible and offer clients free shipping. As a result, Bullion Exchanges states that they can save money for their clients while they continue to grow their accounts.
Bullion Exchanges also offers a user-friendly website that enables investors to place orders based on live spot prices. For investors that want more shopping options, they'll be able to shop during off-market hours to ensure customers can lock in prices over the weekend, nights, and even holidays.
Additionally, Bullion Exchanges claims to offer trustworthy service. Whether you're looking for precious metals to hold as an investment or whether you would like to sell precious metals, Bullion Exchanges states that they are committed to meeting your expectations.
Bullion Exchanges Products and Services
Bullion Exchanges offers several products and services for investors to maximize their retirement portfolio. Investors can purchase and sell precious metals and open an IRA account.
Buying Precious Metals
Purchasing precious metals is made simple with Bullion Exchanges. They feature a variety of gold, silver, platinum, and palladium on their website which is further broken down into several categories. Let's take a look at some of the categories offered by Bullion Exchanges:
Gold
U.S Mint Gold Coin: American Eagles, American Buffalos, Pre-1933 Gold coins
Royal Mint: Queens Beasts Series, Britannia Series, British Lunar Series
Gold Bars: RCM Gold Bars, Perth Mint Gold Bars, Valcambi Gold Bars
Silver
U.S Mint: American Silver Eagles, Proof Silver Eagles, Peace Dollars
The Royal Mint: Lunar Series, Tudor Beasts, Queen Beasts Series
Royal Canadian Mint: Maple Leafs, Old Canadian Silver, Creatures of the North Series
Platinum
Platinum Coins: Platinum American Eagle, Platinum Canadian Maple Leaf, Platinum British
Coins
Platinum Bars: Valcambi Platinum Bars, Engelhard Platinum Bars
Palladium
In Stock Palladium: Palladium coins, Palladium Bars, Palladium Rounds
Selling Precious Metals
Do you have precious metals that you would like to make a profit from? Bullion Exchanges also enable investors to sell gold and silver for cash. Bullion Exchanges claims to have some of the best ratings and reputations in the industry.
The company buys a variety of products including gold, silver, platinum, palladium, rhodium, and more. The company also sells other items like diamonds and scrap metal. No matter what you're hoping to sell, their team is ready to assist you with selling your precious metals.
Bullion Exchanges states that they aim to provide the most convenient services to anyone who is looking to sell within the U.S. What's even better is that prices are locked in with your price quote and will be followed up with a confirmation email.
Once you've locked in your price, you'll need to ship your items to Bullion Exchanges. The company will provide shipping instructions in the confirmation email. It's essential to provide all of the required paperwork inside the package. If paperwork is missing, this will prevent Bullion Exchanges from providing full compensation for your valuables.
The last step is to get paid. Once your shipment is received and verified, Bullion Exchanges will release their payment to you by check, eCheck, or Bank wire.
Investors ready to get started can click the price quote link on the website or call Bullion Exchanges at (800) 85206884 or (212) 354-1517, or request a callback.
Open a Gold IRA
If you're looking to hold precious metals as an investment, opening a gold IRA is an excellent choice. Bullion Exchanges enables investors to open a gold IRA account in just a few easy steps.
Step 1: Open Self-Directed IRA account
Open your self-directed IRA account by filling out the IRA form on the website. You will choose your preferred IRA custodian and then pick a convenient IRA-approved storage facility for your precious metals.
Once you complete this form, you will receive a confirmation email with a link that includes your chosen custodian or administrator. Following this link will allow you to apply directly on the IRA administrator website. Once this step is complete, you will be notified of your account number.
Step 2: Fund Your Account
The next step is to fund your account. Investors will work with their custodians to get the account funded. Once funded, Bullion Exchanges will be securely and electronically notified of the funds authorized for your precious metals purchase.
Step 3: Approve the Bullion Exchanges trade and purchase
The last step is to approve the Bullion Exchanges trade and purchase your precious metals. It's important to note that Bullion Exchanges make clear that only certain bullion products are approved for IRA accounts. Luckily, investors will have access to the most popular high-quality coins and bars available on the market.
Select your desired precious metals from the IRA-eligible product list which can be conveniently found in their learning center. Bullion Exchanges states that they will send you a quote with your requested metals so you can see how your funds will be diversified.
IRA Custodians
Bullion Exchanges has preferred IRA custodians that were hand selected for investors to work with.
GoldStar Trust Company has been serving customers for over 30 years. They provide specialized services as one of the nation's leading self-directed IRA custodians. GoldStar Trust handles over 37,500 self-directed IRAs with more than 2.5 billion dollars in IRA assets.
Another preferred custodian is Equity Trust Company. The company was founded in 1974 and has over $29 billion in invested assets. Equity Trust is a leader in the financial industry and is considered one of the best self-directed IRA custodians.
Depositories
Bullion Exchange also has a list of preferred depositories to ensure that investors protect their assets.
IDS of Delaware is one of the company's preferred depositories. IDS is a COMEX/CME, LMBA, and ICE-approved depository for precious metals. The staff at IDS has extensive experience in precious metals, banking, security, and depository. Investors will feel secure with 24-hour monitored bullion storage with modern and high-tech UL-Rated Class III vaults.
SWP Cayman Islands is another preferred depository that Bullion Exchanges provide. SWP Cayman Islands is a newer bullion storage facility situated in the beautiful Cayman Islands. It is considered a premier precious metals storage and the closest offshore storage option for North American investors.
Prices and Fees
Just as with any gold IRA, you can expect some fees associated with your account. According to the Bullion Exchanges FAQs page, there are a few fees to keep in mind.
Bullion Exchanges does not have a specific minimum purchase amount for IRA bullion. But there is a limit based on the payment type that you would like to use. If you have any questions, Bullion Exchanges suggests that you contact your selected IRA custodian for more details about minimum purchase amounts.
Bullion Exchanges also states that there are fees on your account based on your account size and the precious metals that you choose to hold in your depository. If you would like more detailed information about the fee structure, you will need to contact your selected IRA custodian and IRA-approved depository.
With that said, Bullion Exchanges states that they do not charge any fees, commissions, or shipping costs as the precious metals dealer. This is because your IRA contribution means you're essentially selling the purchased precious metals to the custodian.
Bullion Exchanges also states that your packages will be insured and tracked at no additional cost to you.
Customer Reviews
Bullion Exchanges has received an average rating of 4.2/5 on Trustpilot. With that said, most customers appear to be satisfied with their products and services.
In recent reviews, customers have said that Bullion Exchanges offers fast and secure service and that the company offers fast delivery and excellent packaging as well. Another customer expressed that they were very happy with their purchase. The customer believed that Bullion Exchanges has the best deal which is what prompted them to purchase.
Another first-time customer said that the price for their products was right and that they'd already ordered from Bullion Exchanges again. Another customer said that Bullion Exchanges offers the best bullion prices compared to other dealers. They received their shipment in perfect packaging condition and on time. The customer did state that there was a minor delay due to some of their products being back-ordered. But Bullion Exchanges communicated with them throughout the process.
While Bullion Exchanges has an overwhelming amount of positive reviews, it's still worth noting some of the poor experiences that a few customers have had recently.
One customer who had a negative experience with the company expressed that Bullion Exchanges moves slowly. The customer did say that they offered a good price on their product and that all coins were packed and sealed in tubes of 25, but the items arrived a lot later than they were supposed to.
Another customer stated that Bullion Exchanges does not guarantee that new products from Government Mints will come in original government packaging which was misleading to them.
Several other customers expressed that their products did not come in the best condition. One customer received a gashed coin. When they brought it up to Bullion Exchanges, the company stated that they did not see the gash. Another customer said that their newly minted coins had dents and came in poor packaging.
Our Rating
Bullion Exchanges Pros and Cons
Before committing to working with Bullion Exchanges, it's important to look at some of the pros and cons of working with this company. Here are a few things to keep in mind:
Bullion Exchanges has earned an A+ rating with the Better Business Bureau. This is something worth noting, especially since not every precious metals dealer is an accredited business. If you're looking for a trusted company, Bullion Exchanges is worth considering.
Bullion Exchanges also has a great reputation for providing investors with precious metals with quality and diversity. Investors will find several types of precious metals on the website, such as gold, silver, platinum, and palladium. Investors will also find plenty of precious metals that can be added to a gold IRA.
Investors that want to hold precious metals can open a gold IRA account with Bullion Exchanges. Opening an account with them is fairly easy and they also practice working with some of the top custodians and depositories in the industry. As a result, this makes Bullion Exchanges a solid choice for investors looking for premium service.
While Bullion Exchanges has received good reviews on Trustpilot, the company reviews overall seem to be mixed. On some platforms, Bullion Exchanges has received reviews as low as 3/5 stars. Additionally, some customers have been displeased with Bullion Exchanges' products and services recently. As a result, investors should be sure to do their research before proceeding forward.
Another thing to watch out for is the company's bullion prices. When viewing their inventory, it appears that some bullion products may be overpriced. If you're an investor looking to buy products from Bullion Exchanges inventory, be sure to conduct a price check to ensure that the price offered by Bullion Exchanges is valid.
Bullion Exchanges: Final Thoughts
Bullion Exchanges is one of the most trusted companies for precious metals. Located in New York, the company has built a long-standing reputation for providing investors with a variety of quality products and great customer service.
Whether you're interested in buying precious metals, selling your precious metals, or opening a gold IRA, Bullion Exchange is a company to consider. With that said, it may be best to start small by making a modest purchase with the company. But investors should find that Bullion Exchanges offers standard service and shouldn't run into many problems.
Remember to read out list of the Top Gold Companies to see if Bullion Exchanges made the cut.
>> Click HERE to read our Best Precious Metals Investment Companies list <<
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