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If you watch the news, you'll hear stories about the federal debt ceiling, rising inflation, and troubled stocks. When the economy struggles, your traditional investments, like stocks, bonds, and mutual funds, also may struggle. Many investors turn to the volatile world of cryptocurrency, which can make and break millionaires overnight.
During tough economic and political times, traditional assets may not generate the wealth you need and want. Cryptocurrency may be too volatile for risk-averse investors. Creating a diversified investment portfolio with stable alternative assets may protect your wealth during economic downturns.
Gold, silver, and other precious metals provide stability during economic and political instability. Throughout history, investors put their money in precious metals to safeguard their wealth. Gold provides a hedge against inflation. When traditional investments decline in price, gold and other precious metals often climb in value.
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 Mint Products passed our strict customer service standards to become one of our top recommendations.
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Many investors ask how they can enter the precious metal market. You don't have to be part of 1% or a coin enthusiast to diversify your portfolio with gold. In fact, over time, gold, silver, platinum, and palladium are more accessible to investors than ever before.
To get started investing, you will need to open a self-directed IRA. With a self-directed IRA, you'll enjoy greater control than a conventional IRA. Also known as a Gold IRA, self-directed IRAs have special IRS rules.
For example, when you open a new Gold IRA, you will select a custodian to manage your account. This custodian works with an approved depository to store your investments.
Like conventional IRAs, a Gold IRA can be a traditional IRA or a Roth IRA. When you choose a traditional Gold IRA, you will fund the account with pre-tax dollars. With a Roth Gold IRA, you contribute post-tax dollars.
When it's time to purchase precious metals for your Gold IRA, you need a reputable company with experience in the precious metals industry. New channels, late-night television, and radio ads offer many options.
A Google search for precious metal dealers shows over 5 million results. How can you determine if a company is trustworthy? Keep reading for more information on one well-known company: Mint Products.
What is Mint Products?
Based out of Bedford, New Hampshire, Mint Products is "Your Internet Coin Store." Mint Products, also styled as MintProducts, offers low prices and high product quality. Customers also may sell coins and other collectibles to Mint Products. The company's website states that Mint Products' prices for buying and selling beat the competition.
Mint Products serves both the new investor and the coin enthusiast. Customers can purchase popular IRA-approved products like the American Gold Eagle. For coin collectors, Mint Products offers one-of-a-kind coins, paper currency, and coin-collecting supplies.
Mint Products Company Information and History
Numismatic enthusiast Jeff Kierstead started Mint Products as an online storefront in 1999. He aimed to meet the demand for the 50 state quarters and silver Eagles. In the late 90s, online shopping was still a new experience, but Kierstead discovered that buyers liked the convenience and privacy that shopping online afforded.
In 2017, longtime employee Jamison Morin took over ownership of the company. Today, Morin serves as the company's Head Numismatist and owner. Mint Products is an authorized dealer of the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC.) Morin is also a member of the Professional Numismatists Guild.
The Management Team
Owner and Head Numismatist: Over ten years ago, Jamison Morin started his career at Mint Products processing orders. He has experience grading coins with the Sheldon Grading Scale. Since 2017, Morin focused on adding new products to Mint Products' inventory.
Reviews and Complaints
Mint Products has an A+ rating from the Better Business Bureau. They have an average rating of 3.67 out of 5 stars. However, this rating is an average of three customer reviews. Two of the three reviews praise Mint Products for having a large inventory and reasonable prices.
One reviewer from May 2023 complained about poor communication. After calling and emailing Mint Products to check her order status, she did not receive a response.
Mint Products does not have listings on TrustPilot or Yelp. On Facebook, Mint Products has an average rating of 4.7. The company has 63 reviews on Facebook. Many reviews are spam, which is typical for business pages that focus on investing and precious metals.
Legitimate reviews praise the company for its "top-notch" inventory and fair prices. Several reviews mentioned excellent grading. One review mentioned that processing his order took longer than expected.
Custodian and Storage Options
Mint Products does not offer custodian or storage services. The company's website does not mention Gold IRA services. Mint Products focuses on buying and selling coins, bullion, and supplies.
How to Contact Mint Products
Mint Products offers several options for contacting the team. During business hours, customers may call the toll-free number or use the chat service on the website. After hours, the chat feature becomes an online form to request help. Customers also may email their sales team.
Mint Products Consultation
Although Mint Products does not mention consultations on the company website, they do invite customers to contact the team with questions, suggestions, and concerns. Their goal is to be a "one-stop" shop for customers who are interested in purchasing coins and precious metals.
Mint Products Account Setup
Mint Products does not offer self-directed IRAs. They do offer a customer account that allows users to track orders and redeem MP Cash dollars. To set up an account, customers click the Sign In/Sign Up button in the upper right corner of the website. Then, click Create Account. A form will ask you to enter your email address and password.
Funding Your Account
Mint Products does not have information about funding an IRA account. If you would like to purchase precious metals for a Gold IRA, you should contact Mint Products directly.
How to Purchase Precious Metals
Postal money ordersCustomers may purchase precious metals online or over the phone. Mint Products accepts the following payment methods:
Precious Metals Delivery and Storage
For orders of $99 and up, Mint Products offers free shipping via USPS First Class. If your order is less than $99, the company charges a flat rate of $6.99 for First Class Mail. Orders usually ship via USPS.
Customers may upgrade to Priority Mail when checking out. For an additional $3, you can request delivery with Signature Confirmation. All shipments include insurance. They also offer Registered Mail, but shipping and delivery may take longer than traditional mail.
Mint Products ships within the United States and its territories. Before shipping your order, the Mint Products team packages the order in discreet boxes or manila envelopes. Mint Products wraps all orders in protective packing materials that prevent shifting or damage in transit.
IRA-Approved Products Sold by Mint Products:
Other Products Sold by Mint Products:
Mint Products Fees
Mint Products offers transparent pricing. Every product page lists the prices you will pay for using different payment methods. Check or wire transfers have the lowest prices. Buyers paying via credit card, Paypal, or cryptocurrency will see the additional 3-4% fee added to the item's price.
Pros & Cons
Mint Products Review Conclusion
Mint Products is an Internet-based coin dealer that offers transparent pricing. They offer a large inventory of IRA-approved and collector coins. They also sell bars, rounds, and paper currency. Coin collectors also may purchase coin-collecting supplies like albums and slipcases. They offer competitive pricing and shipping.
Since Mint Products focuses on numismatics, the company does not partner with investment firms or custodians to offer Gold IRA services. The Mint Products website does not label precious metals that are IRA-approved. Investors looking for IRA-approved precious metals should contact the company directly with questions.
The company does offer some unique services that make coin collecting and investing accessible to more buyers. The interest-fee payment plan allows buyers to put down a 10 percent deposit and pay for their purchases over 24 months.
The MP Cash program allows customers to earn reward dollars with every purchase. MP Cash rewards are applied automatically to the next purchase. Each item on the Mint Products website has a different MP Cash value.
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