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Established in 1974, this family-run business has built a reputation for delivering high-quality products and providing an exceptional customer service experience.
Golden State Mint prides itself on having the shortest lead times in the industry, consistently meeting or exceeding its guaranteed delivery schedules.
Based in Central Florida, the company utilizes state-of-the-art processes to ensure that every customer receives outstanding service and superior products.
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The company specializes in the minting of precious metals, including gold, silver, and copper. According to the website, they have the ability to produce a variety of sizes and endless designs to meet client needs.
Golden State Mint is affiliated with several organizations, including the American Numismatic Association, the Florida United Numismatists, International Precious Metals Insitute, and more.
Precious Metals
Finding a precious metals company that offers a diverse selection of metals is essential when it comes to diversifying your portfolio. Here is an overview of what Golden State Mint offers its customers:
Silver
Golden State Mint
Golden State Mint has several types of silver precious metals like silver bars, silver coins, silver rounds, fractional silver, and more. It's worth noting that GSM has over 300 silver products in all. Some silver products you'll find include the 1 Kilo GSM Silver Bar, 1 oz American Silver Eagle Coin BU, and 1 oz Apollo 11 50th Anniversary Proof Silver.
Gold
Platinum and Palladium
There is a great deal of gold precious metals, including Gold Bars, Gold Coins, Gold Rounds, Fractional Gold, 1 oz Gold, Kilo Gold, and more. Golden State Mint does not have as many gold products as it does silver, but they still have a great inventory.
Some gold products include the 1 Gram Argor-Heraeus Gol Bar, 1 Gram PAMP Suisse Lady Fortuna Gold Bar, 1 Kilo Royal Canadian Mint (RCM) Gold Bar, 1 oz American Gold Buffalo Coin BU, and 1 oz American Gold Eagle Coin BU.
You'll also find some platinum and palladium bars. At this time, GSM only has one product: a 1 oz Platinum Bar. It's unclear whether the company typically carries more variety. You'll need to speak with a representative for more information.
Collections
Golden State Mint also has precious metals meant for collection. You'll find a range of collection precious metals like Antiqued Silver, Colorized Copper & Silver, Holiday-Event Items, Buffalo Rounds, Incuse Indians, and more.
Buying from Golden State Mint
Once you find the product(s) you would like to buy, just simply add them to your shopping cart. All orders over $199 ship for free and there are several shipping options available to you.
Golden State Mint has a variety of payment options available for customers. When purchasing with them, your payment options include bank wire, mailed check, PayPal, and Credit and Debit cards (Visa, MasterCard, and Discover).
If you're interested in doing a bank wire, your order will need to be $1,000.00 or greater. Orders that are less than this are ineligible for bank wire due to the bank fees that will incur. Bank wires must be received within 36 hours of placing your order.
If you would like to use a credit or debit card, note that it is only available for orders that are $10,000.00 or less. There is a minimum processing time of 1 business day after your payment has been received and verified.
For PayPal users your orders of $5,000.00 or less. There is also a minimum processing time of 1 business day after your payment has been received and verified.
Prices
Prices for precious metals will fluctuate daily. For this reason, it's best to keep an eye on the market if you're looking for a certain price point.
With that said Golden State Mint provides several tools to help you stay current with the latest prices. For instance, customers can utilize their Price Tracker tool which enables them to track the spot price of gold, silver, platinum, and palladium. Customers will also be able to set up price alerts to get notified as prices for metals change.
Shipping Policy
While domestic orders of $199 or more include free shipping, orders under $199 are subject to shipping fees that vary based on the shipping you choose.
All products are shipped fully insured. Golden State Mint also offers international shipping for most products in its inventory. For more information about free shipping, be sure to talk with a representative to learn more.
All orders placed with Golden State Mint are processed and shipped within 1 to 2 business days. When your order has shipped, you will receive a confirmation email with all of your tracking information. But there are more ways to check on your order like signing into your account and checking through the website.
Supplies and Accessories
If you need supplies and accessories for your precious metals, GSM has you covered. There are several types of accessories, including storage boxes and cleaning products. Some of their popular products include coin capsules, albums, storage boxes, display cases, and cleaning products.
Golden State Mint IRA
According to the website, Golden State Mint is IRA-certified. If you're interested in setting up a precious metals IRA to purchase silver or gold, GSM may be a good option to consider.
Golden State Mint works with various administrators of precious metals IRA for their clients. They also offer several products that meet specified IRS guidelines. Here are the steps provided on Golden State Mint's website:
Step 1: Precious Metals IRA Package
To begin, you will need to complete a precious metals IRA application packet.
Step 2: Making a Contribution
The next step is to contribute funds to initiate a rollover or transfer from an existing IRA or 401(k).
Step 3: Work with Golden State Mint
Next, you'll work with Golden State Mint to determine the specific silver or gold your IRA will be purchasing.
Step 4: Submit a Buy Direction
After you decide what precious metals you'll be purchasing, submit a Buy Direction Letter to Trustee to request a purchase in IRA.
Step 5: Storing Metals
Your precious metals are then stored at the depository you selected during the purchase request.
Step 6: Monitor Your Account
Finally, just monitor your account and update on the status of your investment and earnings.
Golden State Mint appears to partner with Equity Institutional for their custody solutions. Equity Trust is one of the oldest and largest custodians specializing in IRA investing. The company offers leading-edge account management technology and a suite of APIs to make it easier to manage client portfolios.
Reviews
After searching online, Golden State Mint does not appear to have many reviews overall. However, they are a BBB-accredited business with 10 reviews on the platform. Let's take a look at what these customers have said about the company:
Overall, the reviews from customers on the Better Business Bureau were mostly positive. One customer said that they had bought several orders of silver rounds over the last few months with Golden State Mint.
All orders have been in great condition. The customer said that shipping for them has been about 10 days to 2 weeks, but seemed to be okay with this shipping timeline.
Another customer left a review stating that they ordered with Golden State Mint on two occasions. Each time, the transaction process has been smooth.
According to another customer, they have been shopping with Golden State Mint for about a year. They placed 3 orders in the past few months, which went successfully for them. They said that they initially found the company for its military/veteran discount. They further stated that Golden State Mint had the best prices for fractional silver and had an impressive "Deals" section.
Out of the 10 reviews, one person gave the company 1 star. The reviewer said they were going to write a positive review after speaking with the owner about a wire transfer refund. According to the customer, the owner agreed to refund the amount after the order took too long to be shipped.
The customer says that it has been three weeks and they called in more than four times to remind them of the refund. The customer noted that it had been almost 3 months since the order was placed and they did not receive a product or refund.
Golden State Mint did respond to this review and noted that the lack of refund was their fault and it seems that Golden State Mint took action to correct the issue. This says a lot about the company's ability to take accountability and resolve issues for its customers.
Our Rating
Golden State Mint: Pros & Cons
Here are some key pros and cons to look into before moving forward with Golden State Mint for your precious metals needs:
Golden State Mint has plenty of precious metals in its inventory. The company offers an array of silver, gold, platinum, palladium, copper, and collectibles. While silver seems to be its largest product, the company still offers a range of metals overall that should suit your needs.
Are you interested in owning gold in a precious metals IRA? Golden State Mint can help with that. Golden State Mint works with several administrators to help its clients open a precious metals IRA with ease. This gives investors more opportunities to gold and ultimately grow their wealth.
Golden State Mint offers a few perks when buying metals from them. One of those perks is free shipping when you spend $199 or more for domestic orders. This is a relatively low ordering threshold that makes it easier for customers to take advantage of the free shipping benefit.
One downside of Golden State Mint is that the company isn't as established as other dealers. Overall, there were only 10 solid reviews found online, which is relatively low for any precious metals dealer.
Luckily, most of those reviews were positive and gave great insight into the company. However, if you're looking for a precious metals company with a more solid reputation, there are several other dealers to consider.
Golden State Mint: Final Thoughts
Golden State Mint is a precious metal dealer with 45 years of experience providing gold, silver, platinum, palladium, and copper. The company also provides IRA services for investors who want to hold physical gold in an IRA.
Although Golden State Mint isn't as established as other precious metal dealers, it may still be worth it to give the company a try.
Remember to read out list of the Top Gold Companies to see if Golden State Mint made the cut.
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