Midwest Bullion Exchange Review – Is It A Legit Company Or A Scam?

Welcome to my Midwest Bullion Exchange review.

What is Midwest Bullion Exchange, and what kind of services do they offer? Is the company legit, or is it a scam? Well, let’s find out!

This review will take an in-depth review of Midwest Bullion Exchange and see if this company is legit or not or it is just a waste of time and money.

In this review, we will try to answer all your questions about the Midwest Bullion Exchange and understand more about this company and see if it is a scam or not.

Here is the structure in this review:

  • What is Midwest Bullion Exchange?
  • How Does Midwest Bullion Exchange Work?
  • Does Midwest Bullion Exchange Offer Storage?
  • Is Midwest Bullion Exchange BBB Accredited?
  • Midwest Bullion Exchange Reviews and Ratings
  • Is Midwest Bullion Exchange a scam?
  • Final Thoughts

What Is Midwest Bullion Exchange?

  • Name: Midwest Bullion Exchange
  • Website: privatebullion.com
  • Founder: Scott Hage
  • Recommended?: Yes

Midwest Bullion Exchange is a company that Scott Hage owns, and it was founded in 2009.

The company is also known as Private Bullion, and it is a full-service precious metal.

The company is located at 601 Carlson Parkway, Suite 1050 Minnetonka, MN 55305.

They aim to provide their clients with the best and highest standard products available in the market.

How Does Midwest Bullion Exchange Works?

Midwest Bullion Exchange has a wide variety of precious metals, such as gold, silver, platinum, and palladium.

The precious metals also come in bars and coins, and there are also IRA-eligible ones.

The Gold products include the Gold Austrian Philharmonic and American Gold Buffalo.

As for the silver, it has the American Silver Eagle and Canadian Silver Maple Leaf are among the options.

Not just that, they also offer Platinum American Eagle and Canadian Palladium Maple Leaf.

Other products include collectible coins and IRA services.

However, most of its products are “Out of Stock.”

Does Midwest Bullion Exchange Offer Storage?

Yes, Midwest Bullion Exchange offers storage.

Delaware Depository provides the vault storage of the company’s IRA-eligible products.

It offers both segregated and non-segregated storage options. 

Lloyd’s of London is also fully insured, which is one of the oldest insurance companies in the world.

For the custodial services, Midwest Bullion Exchange is partnered up with GoldStar Trust Company.

Is Midwest Bullion Exchange BBB Accredited?

No, the company is not accredited with BBB, but they gave the company an A+ that is good, and only has one complaint.

The complaint is that “He bought $50,000.00 of silver bars from this company, and they failed to deliver, but they won’t return his money.”

The good part is that the money has been refunded.

See the image below for the full detail.

Midwest Bullion Exchange BBB complaints

Midwest Bullion Exchange Reviews and Ratings

Here we will see the rating and reviews of the company and what other people experience when they buy the products.

I found 2 review websites, and that is Yelp.com and golddealerreviews.com.

With Yelp, there are 2 reviews, and they gave the company a 5 out of 5-star rating.

However, the reviews are old.

Midwest Bullion Exchange yelp review

With golddealerreviews.com, there’s a total of 49 reviews, and they gave the company a 4.9 rating which is also good.

It means that most of them like the company as they have good experience with them but some had a bad experience like the item was delivered late, but that was a long time ago.

Midwest Bullion Exchange golddealerreviews

Midwest Bullion Exchange golddealerreviews reviews

Is Midwest Bullion Exchange A scam?

Midwest Bullion Exchange is not a scam. It is a legit company that offers a wide variety of precious metals, and it is partnered with various companies such as Delaware Depository and GoldStar Trust Company.

The company has a lot of positive reviews, which is good even though those reviews are old, at least we know what they have experienced.

However, some of their products are “Out of Stock” so it is not always available.


  • Variety of products
  • Good product and services
  • A lot of positive reviews
  • It has been around since 2009


  • Lacks reviews
  • Not accredited with BBB
  • Most products are out of stock

Final Thoughts

Now you know about Midwest Bullion Exchange and why they are a legitimate company.

The company has been around since 2009. The company got a lot of positive reviews from their customers, which is good even though those reviews were old.

The downside is that most of their products are out of stock, and they are not accredited with BBB.

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Thank you for taking the time to read my Midwest Bullion Exchange review. 

If you have any questions or experiences with this company, please share in the comments below.