Welcome to my Scottsdale Bullion and Coin Review!
Are you interested in securing & growing your savings with precious metals? If so, can Scottsdale Bullion and Coin help you with that?
Let's get to know this company and let's know for ourselves if we can trust this company.
Let's start our Scottsdale Bullion and Coin Review!
What is Scottsdale Bullion and Coin?
Scottsdale Bullion & Coin® (SBC GoldTM) is a recognized precious metals dealer situated in Scottsdale, Arizona, that offers you the best precious metals investment options available.
The company is convinced that by working with you and educating you on the subtleties of the gold and silver markets, you will be able to make an informed decision about investing in gold, silver, and other investment-grade coins.
Aside from that, they recognize that your investment decisions are personal and significant to you, which is why they provide extensive information on every precious metals investment possibility, as well as the risks and benefits associated with each.
Whether you're diversifying your portfolio for safety, profit, privacy, or to complete a rare coin collection, they will lead you down the route that's right for you.
Products and Services of Scottsdale Bullion & Coin
Here's what Scottsdale Bullion & Coin offers:
Physical Gold & Silver IRA
A precious metals IRA (sometimes known as a gold IRA or a silver IRA) is a type of retirement plan that allows you to possess physical assets.
You can take advantage of the tax advantages of a standard IRA while also taking control of your financial future by protecting your money with hard assets such as actual gold and silver coins and bars.
Benefits of a Gold and Silver Backed IRA
- Tax Advantage
- Real Diversification
- Flexibility & Freedom
- Portfolio Protection
- Growth Potential
Gold & Silver Coins
Numismatics and semi-numismatics are the two sorts of gold coins available for purchase.
Numismatic coins, unlike other sorts of coins, are valued based on four essential factors: condition, grade, scarcity, and demand, and are graded by two of the largest grading agencies (Professional Coin Grading Services and Numismatic Guaranty Corporation).
Semi-numismatic coins contain precious metals, which cause their value to fluctuate depending on the spot price of the precious metal content, but their value is also influenced by external variables such as demand. Learn more about gold, silver, and other precious metal coins and how to invest in them:
American Eagle Gold Coin
The American Eagle Gold Coin is an official American gold bullion coin and was introduced in 1986 by the U.S. Mint, after the release was authorized by the Gold Bullion Coin Act of 1985.
The U.S. government guarantees that the coins contain the stated amount of actual gold weight in troy ounces. Law also requires the gold to come from American sources, alloyed with silver and copper in order to be more wear-resistant.
Peace Dollar
The Peace dollar is a silver U.S. coin that was minted from 1921 to 1928, and then again from 1934 to 1935. The Pittman Act required the U.S. Mint to strike millions of silver dollars.
he obverse design of the Peace dollar features the profile of Liberty, based on a picture of de Francisci’s wife, wearing a radiate crown and with her hair flowing in the wind. Moreover, it depicts the inscriptions “LIBERTY” and “IN GOD WE TRUST,” as well as the mint date. The reverse side features the engravings “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “PEACE,” as well as the denomination.
Buying Gold & Silver
No need to continue looking for where to sell gold and silver coins and bars.
Whether you’re looking for the value of your precious metal coins or you’ve inherited a coin collection, need to know if your coins and bars are real, or you just need to liquidate your coin collection, Scottsdale Bullion & Coin (SBC) can help you!
How It Works
How Their IRA Works?
Investing in precious metals through a self-directed IRA, often referred to as a checkbook IRA, requires you to establish a valid IRA account with available cash. At Scottsdale Bullion & Coin, they make this process seamless by providing the necessary application kits and forms, which are then submitted to the directed trust company. Your available cash can come from contributions, transfers, and 401k rollovers.
Here's the step-by-step to open an IRA account:
Step 1: Select Your IRA Plan
When setting up a gold and silver IRA, two options are available for storing precious metals:
Option A: Secure Local Storage Plan
With this option, precious metals are sent directly to you, the IRA manager, so you can choose a secure physical storage location.
Option B: National Storage Plan
Alternatively, you can opt for storing precious metals in a national depository. We collaborate with the Delaware Depository Service Company (DDSC) and can help you establish an account with them. Choosing the national storage plan means the precious metals will be sent directly to the DDSC facility instead of a local IRA manager.
Step 2: Fund Your IRA
To start investing in precious metals through Scottsdale Bullion & Coin, funding your IRA can be done through contributions, transfers, and/or rollovers from existing retirement plans like a 401k or Roth IRA. A minimum investment of $5,000 is required to initiate your individual retirement account (IRA).
Step 3: Select Precious Metals
As your designated precious metals dealer, Scottsdale Bullion & Coin facilitates your purchase of IRA-approved bullion coins. Our Managing Brokers will educate you on the right investment products and provide essential advice before making a decision. Some popular IRA-approved bullion coins include:
- American Eagle Gold Coins
- Canadian Maple Leaf Gold Coins
- Austrian Philharmonic Gold Coins
Step 4: Invest in Precious Metals
While investing in precious metals through a precious metals IRA is advantageous, specific IRS rules and restrictions must be considered. Gold, silver, platinum, and palladium are allowable precious metals, subject to meeting minimum fineness requirements. Scottsdale Bullion & Coin offers crucial advice on eligible investment products.
Step 5: Purchase and Payment of Precious Metals
To finalize the purchase of chosen precious metals, the trust company funds the transaction in one of two ways:
A. The Secure Local Storage Option
The Directed Trust Company funds you, the IRA manager, and you subsequently fund Scottsdale Bullion & Coin.
B. The National Storage Plan
Alternatively, the Directed Trust Company funds Scottsdale Bullion & Coin after receiving an invoice.
Step 6: Precious Metals Are Now Part of Your IRA Account
Once the purchase is complete, the precious metals become part of your IRA account. If you chose the secure local storage plan, they will be available for delivery or shipped from Scottsdale Bullion & Coin. If the national storage plan was chosen, the precious metals will be directly shipped to the DDSC national storage facility.
Investing in precious metals through a self-directed IRA offers a secure and tangible way to diversify your retirement portfolio. With Scottsdale Bullion & Coin's straightforward process and expert guidance, you can confidently safeguard your future with precious metals. Start building a stronger and more resilient IRA today!
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Products and Services of Scottsdale Bullion & Coin
What I Like About Scottsdale Bullion & Coin
They Offer Gold and Precious Metals IRA
As compared to other companies that focuses on buying and selling bullions & coins, Scottsdale Bullion & Coin offers gold and precious metals IRA which is a good option especially in keeping your funds safe and far from market volatility.
Cheap IRA Fees
The cost of a precious metals IRA is generally much less than most retirement plans. The annual cost typically ranges from $160 to $200. On a $50,000 investment, that is less than half of 1 percent.
What I Don't Like About Scottsdale Bullion & Coin
Limited Reviews & Ratings
As you can see, the company doesn't have much ratings on them. Only reviews from Yelp & BBB are available online and they have very few reviews and ratings.
No Prices Indicated in Gold & Silver Products
The gold and precious metals catalog does not include prices. Thus, they are not very transparent when it comes to pricing.
Is Scottsdale Bullion & Coin a SCAM?
If you value real-time customer care or the assurance that you may visit your precious metals dealer in person if you so desire, Scottsdale Bullion and Coin is the place to go.
Scottsdale Bullion and Coin has goods and services that will help you achieve your goals of investing in physical precious metals or building long-term wealth with these assets.
Thus, in this Scottsdale Bullion and Coin Review, THEY ARE NOT A SCAM.
Final Thoughts
Reading reviews and getting to know a company is very important before investing, that's why I only recommend the best when it comes to gold and precious metals.
For this, I recommend GOLDCO.
With over a decade of experience helping consumers preserve their retirement assets, Goldco is a leader in the precious metals market. A Goldco Specialist can help you preserve your assets with a Precious Metals IRA if you have an IRA, 401(k), 403(b), TSP, savings, or other tax-advantaged retirement plan.
Get to know them and more by clicking below!