Welcome to my review of Golden Eagle Coins!
Have you heard of them? They started way back in 1974!
So, if you're doing quite a thorough research, you might have stumbled on their website.
In this Golden Eagle Coins review, let's get to know them a little deeper and judge for ourselves if they can be trusted.
Who they are? What do they offer? What do people think about them?
Let's start on our Golden Eagle Coins review!
Golden Eagle Coins Quick Summary
What Is Golden Eagle Coins?
Golden Eagle Coins is a gold/precious metals and coin dealer situated in the Washington D.C. Metropolitan area.
The company has annual sales exceeding 9-figures (which is a pretty big deal).
Because of their length in the industry, they have witnessed and experienced a LOT of economic downturns like the following:
- 1 oil embargo
- 6 recessions
- 3 wars
- 12 U.S. presidential terms
- 3 stock market crashes
- 12+ year commodities bull market that has seen the price of silver rise by over 1,000% and gold by over 700%
As a matter of fact, when Golden Eagle Coins was founded, gasoline was 53 cents per gallon.
Moreover, they started as a traveling coin dealer, and now, they are one of the largest online dealers in Washington D.C.!
Golden Eagle Coins Products And Services
So, what does Golden Eagle Coins offer? Let's enumerate them in this Golden Eagle Coins review!
Golden Eagle Coins offer different types of bullion like gold coins, gold bars, silver coins, silver bars, platinum, palladium, rhodium, and copper.
Some of the US Coins the Golden Eagle Coins offer include Pre-1993 gold, commemoratives, dollars, half dollars, quarters, dimes, nickels, etc.
They also offer low-mintage coins, currency, foreign coins and notes, world gold coins, and ancient coins.
Golden Eagle Coins specializes in a wide variety of gold bullion products. Their large inventory caters to both the bullion investor as well as the collector.
Their prices come directly from the commodities exchange and are updated in real-time.
Sell Your Bullions To Golden Eagle Coins
The company also buys back or buys coins from different individuals. If you want to sell an item to them, call them and confirmation must be made by phone or in person.
Purchase orders are confirmed once a confirmation number is issued and sales to us are legally binding and final.
Aside from this, they also buy scrap gold, silver, and platinum at varying prices.
IRAs are available to customers through GoldenEagleCoin.com. They are eligible for individual retirement accounts and meet all of their prerequisites.
Because the most majority of their IRA accounts are self-directed, you will have full command over your IRA investments. The following steps need to be taken in order to open a Gold IRA account:
1. Inform the custodian of your individual retirement account that you wish to add Golden Eagle Coins.
2. Please ensure that the application form is filled out completely and correctly, including all of the needed information. After that, you are free to incorporate the precious metals.
3. Invest your assets in the various opportunities available. Also, check to be that your contributions to your IRA do not exceed the annual maximum allowed by the IRS.
4. If you wish to sell your gold, silver, or platinum, the only person you need to speak to is the custodian of your individual retirement account (IRA).
In addition, if you already have an IRA account, you always have the option of rolling it over into another type of retirement plan.
The IRS will accept Golden Eagle coins for individual tax returns in amounts as low as $5,000. For each additional exchange, the sum must be greater than $1,000.
You'll incur additional fees with these accounts for things like:
- Commission fees
- Administration fees
- Transaction fees
- Storage fees
Reviews and Ratings Of Golden Eagle Coins
Here are some of the ratings and reviews found on reputable websites:
What I Like About Golden Eagle Coins
- Wide selection of products
Golden Eagle Coins has a lot of products! They are also always expanding their inventory since they put in new products every 14 days!
- Golden Eagle Coins put items on sale
They update their ON SALE section every week and sell different coins and billions in discounted or lesser prices.
- No minimum orders and no commission fees
If you are paying using a check (personal/bank), money order, credit card, PayPal, and cash, they do not require you to have a certain minimum order.
The company also does not charge commission fees. Their prices are displayed using cash discounted prices as well as separate pricing for Credit Card and Paypal orders.
If you elect to pay by Credit Card or Paypal you will notice the price of your items will be 4% more than if taking advantage of the cash-discounted option of using a Check, Cash, Bank Wire, or Money Order.
- Free and cheap shipping charges
If your order is over $99, you get free shipping through USPS standards. If not, $9.95 for orders under $99.
On the other hand, $14.95 for USPS Priority Mail, and USPS Express Mail costs $24.95, and it is not available for credit card or Paypal orders.
What I Don't Like About Golden Eagle Coins
- Short operating hours
Apparently, Golden Eagle Coins only have Monday-Friday 10 AM-5 PM EST as their customer service via phone operating days and hours.
That's incredibly a lot shorter than the other dealers of bullions or precious metals.
Aside from this, you can only visit their retail showroom by appointment. They are also open for limited hours:
- Sunday & Monday = Closed
- Tuesday to Friday = 10 am to 5 pm only
- Saturday= 10 am to 3pm only
- A lot of negative reviews
If you'll go and search for reviews of Golden Eagle Coins, they have a lot of negative reviews, complaints, and low ratings.
They are also not verified by many websites and trusted pages.
- Long processing time of orders/ transactions
Golden Eagle Coins, on normal days, takes 5-7 days of processing once you have paid them. Aside from this, there is an additional 10 days for shipping!
I think they should work on their manpower or the number of their employees to be able to have faster processing time.
Also, when you sell items to them, they usually pay you 3-5 business days via First Class Mail once they have received your package.
- Strict returns and cancellations policy
Golden Eagle Coins requires you to pay a $35.00 cancellation fee and you'll be subject to their market loss policy.
On the other hand, you must return orders within 7 days after the receipt date. A standard 5% restocking fee is applied to all returned credit card orders.
Is Golden Eagle Coins A Scam?
In this Golden Eagle Coins Review, our verdict will be... IT IS NOT A SCAM.
This is because the company has been there for many decades and has proven that they are a legit company.
However, there are plenty of negative reviews that you will see on the internet about this company.
So, I am not recommending it.
This is your choice after all. But in this Golden Eagle Coins Review, I do not recommend this company.
I think they should develop or improve their shipping and their customer services.
But, if you're in it for their wide selection of products and cheap price, go ahead!
Gold and precious metals are good investment, they will keep the value of your money intact and even save it during economic downturns.
However, you should always keep in mind that when you invest, there are risks, and these are inevitable.
So, what better way is it to invest than in those trusted and reputable gold and precious metals companies?
I certainly would recommend Augusta Precious Metals.
Augusta is at the top of the industry! Their superb services and the security that they provide with your investments are remarkable! In fact, they provide a free IRA guide for everyone! This just shows how much they care for you. Click the button for the guide!
Thank you for reading this review! I hope you find all that you need in this review!