Midwest Bullion Exchange (a.k.a. Private Bullion) Review

Midwest Bullion Exchange (a.k.a. Private Bullion) Review

Disclaimer: Some or all of the companies reported here may provide compensation to us, at no cost to our readers. This is how we keep our reporting free for readers. Compensation and detailed analysis are what determines how companies appear below.

 Gold investments have replaced cryptocurrency as one of the best ways to protect your assets against inflation. The best thing about this option is that hundreds of companies are available, so you can select the one most aligned with your needs.

Because so many brokerage companies are available, we know how difficult it can be to choose the right one to entrust your funds to.

We've put together this Midwest Bullion Exchange review to help you get better acquainted with this platform's features and how you can use them to make the most of your investment. 

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 Midwest Bullion Exchange passed our strict customer service standards to become one of our top recommendations.


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What is Midwest Bullion Exchange?

Midwest Bullion Exchange is a full-service gold and precious metals broker. Investors can purchase and sell for personal use, as well as possess metals that meet the purity criteria for precious metals IRAs.

Midwest Bullion Exchange Review - Logo

Several payment methods are available for purchases, including credit and debit cards, cash, checks, electric money transfers, and wire transfers. This company also allows cryptocurrencies as a payment method, including ETH, USDT, and BTC. 

Midwest Bullion Exchange Review - Website

Precious metals are available at competitive prices, with fast shipping available. The company draws on its long-standing industry relationships to provide the service level customers expect.

Many of the products on this site have some of the industry's lowest premiums. There are also regular specials that you'll want to consider. When you buy on Midwest Bullion Exchange, you'll be able to see current prices. This site also has selling options worth checking out.

What Precious Metals Are Available?

Midwest Bullion Exchange has an extensive collection of precious metals available. You will have a more secure portfolio because of the range of coins and other precious metals available. The metals available include:

  • Gold
  • Silver
  • Platinum

How Do You Buy Products?

The online buying process at Midwest Bullion Exchange is a fast, simple, and safe job. Precious metals products are available are listed in their respective categories, with shopping cart buttons. 

If you are more comfortable talking to a live person to place an order, you may order by phone. Representatives are ready and willing to answer your questions. You may buy single coins without a minimum requirement. There are discounts for customers purchasing two or more coins.

An account is optional for buying products on this site. Setting up an account makes it easier to keep track of current and past orders for your records. Keeping track of what you paid for your metals is helpful, particularly if you are taking advantage of volume discounts.

Midwest Bullion Exchange Review - Product
Midwest Bullion Exchange - Products

The checkout process is easy once you have added the products you want to buy. When you reach this step, you can set up an account if you have not already done so.

Your account must contain accurate information, including shipping and payment information. Midwest Bullion Exchange must be able to confirm that you are a real person to meet regulatory requirements.

If you save your login information on your devices, you will have easy access whenever you place orders. When you set up an account and store your login information, looking up your information will be easy.

In most cases, you should be able to set up the account in ten minutes or less. Regardless of whether the order ships to your home or a depository, most products ship in less than ten business days. Exact shipping times may depend on the payment method used, with bank wire orders shipping the fastest.

How to Sell Products

Investors often wonder whether reselling their metals products is possible. Selling to this precious metals company is a more straightforward process than many realize. Midwest Bullion Exchange has a precise process to help you receive your funds as soon as possible.

Calling the company first is the way to initiate this process. A representative will give you a quote when you provide the registration numbers for the coins.

Midwest Bullion Exchange Review - Sell Precious Metals

The trading department can give you a price that will be "locked in." Confirming your acceptance of the cost will ensure that everything goes smoothly. Midwest Bullion Exchange provides the necessary information to start the selling process. Paying attention to the shipping guidelines will ensure that everything goes as smoothly as possible.

These instructions will tell you how to make sure your order is sent adequately insured. A third party will use current pricing for the metal type to make an offer.

The price that you will receive depends on the final bidding price in most cases. Your certified check payment will usually arrive in about ten days. Fluctuating market rates around the sales time may impact check issuance time. 

Are Midwest Bullion Exchange Prices Competitive?

Midwest Bullion Exchange has prices that are competitive with other similar companies. The buyback pricing is also competitive with other similar companies.

Buying Prices

Some of the rarer gold coins that Midwest Bullion Exchange sells are priced somewhat higher than the same coins from competitors like Money Metals Exchange. However, discount pricing for more significant numbers of coins can help investors save.

Because the prices are competitive with similar businesses, the higher prices compared to other companies were negligible. Most investors would not consider this price difference a problem. 

Selling Prices

Midwest Bullion Exchange has buyback prices consistent with companies that sell these types of metals. Checking with a few different precious metals companies to earn more about buyback pricing is always a good idea.

Is Midwest Bullion Exchange Safe to Use?

Midwest Bullion Exchange has a robust data protection policy for its customers. Your account and transaction information are safe from unauthorized third parties. This company also refuses to sell its data to other companies.

The Midwest Bullion Exchange website encrypts its data using SS technology. Your information has maximum protection against cyber thieves and hackers. Sharing information with this site will be trouble-free.

Although Midwest Bullion Exchange lacks Better Business Bureau (BBB) accreditation, BBB membership is optional. The company is a member of the National Coin & Bullion Association. Midwest Bullion Exchange complies with federal and state regulations in all its activities. There is always a qualified team involved, so you don't need to worry about anything.

Midwest Bullion Exchange, Inc. - BBB

Our Rating

Midwest Bullion Exchange Pros

It is good to know the pros and cons to determine whether a company can fulfill your investing needs.

After examining several aspects of this company and reading customer feedback, we have come up with some pros and cons about using Midwest Bullion Exchange.

All pricing reflects current market pricing for these metals. You won't get any nasty surprises after you've completed a purchase.

Midwest Bullion Exchange has a website that is easy to use, regardless of whether you are new to precious metals investing. There are no significant obstacles standing in the way of buying right away.

Client privacy is one of the company's most important business principles. Midwest Bullion Exchange verifies its users to ensure that all buyers are legitimate. Every client's data is also safe from purchase by third parties.

One of the things that set this company apart from its competitors is its junk silver options. These coins are available in large or small bags, with 90% silver. Many of these coins are somewhat rare.

Midwest Bullion Exchange Cons

There are restrictions on what payment methods you can use for specific dollar amounts. For example, purchases over $1,500 require a wire transfer instead of a credit or debit card.

Customer support is available by email or phone instead of live chat. Unless you reach someone by phone during business hours, you'll need to wait for an email or call back.

Storage Costs

Midwest Bullion Exchange offers direct storage options you may want to consider when buying precious metals. Understanding your options is critical for making the right choice.

Storage for Delivered Metals

Any precious metals purchased for IRA use require depository storage because of IRS regulations. You may also choose storage options outside your home for non-IRA metals.

Does the Government Monitor These Products?

Midwest Bullion Exchange will not divulge information to the government without a search warrant. The company also has a policy of not revealing information on specific purchases.

If there are any breaches, the company notifies the authorities. Investors have confidence that everything is safe.

What is the Minimum Gold Purchase Amount?

Private investors can buy a minimum of one coin. Larger purchases are permitted as long as they are within the spending limits for the payment method of choice.

How Customers Feel About Midwest Bullion Exchange

There are hundreds of positive reviews about Midwest Bullion Exchange on several sites. Although most customers are pleased, some are unhappy with the lack of online chat options.

Why Should You Consider a Precious Metals IRA?

Fiat currency loses its value quickly, while precious metals do not. Gold has especially shown signs of price growth over the years.


Midwest Bullion Exchange has a large selection of precious metals for investors who want to grow their portfolios and offers secure transactions.

However, we always recommend checking out several options before making a choice.

Remember to read out list of the Top Gold Companies to see if Midwest Bullion Exchange made the cut.

>> Click HERE to read our Best Precious Metals Investment Companies list <<

Or, if you like what you read about Midwest Bullion Exchange, you can visit their website below.

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