Disclaimer: Some or all of the companies listed here may provide us compensation. This is a small part of how we maintain our free services for our visitors. Compensation and many hours of research determine how each company is reviewed.
Are you searching for the most effective method to increase your money and shield yourself from the effects of the volatile stock market? If that's the case, you've probably already heard that many financial gurus suggest investing a portion of your funds into precious metals like gold, silver, and others. It's possible that throughout your search, you came upon the Westminster Mint as well.
However, who exactly is the Westminster Mint? Is this a company with a good reputation? Will they offer you high-quality products and services while also assisting you in reaching your monetary objectives? Please keep reading to learn more; we'll outline critical facts about this firm that you'll need to know before deciding whether or not to buy from them.
Our #1 Recommended Company Is Currently Running A Special Promotion!
Right now our #1 recommended company is offering to give customers up to 10% of your order FREE silver. For example if you invested $100,000 - you would get an additional $10,000 in free silver!
Important Details About This Company:
You can also check our top 5 precious metals investment companies for this year to see if the company you are looking to invest with made our list!
Or continue below with this review
About Westminister Mint
On their company website, they state that they are an online platform whose mission is to assist clients in locating a wide variety of bullion commodities in the form of coins, bars, and rounds at some of the most competitive rates and with rapid shipment.
In addition to ancient and current issues, foreign issues, coins from hoards and shipwrecks, certified coins, and banknotes, their website states that they specialize in all areas of collector coins.
In contrast to bullion, the value of collector coins is not determined by their valuable metal concentration but rather by criteria such as state, rarity, era, mint mark, and origin.
Westminster Mint is particularly well-known for its patented silver bars, which are one of its most popular products.
Before being dispatched to consumers, these bars are coined from .999 pure silver, branded with their weight and purity, and then packed in a transparent plastic wrap.
The company was founded in 2001, and since joining the Better Business Bureau in 2008, they have maintained an A+ rating.
The organization has a committed staff with a profound grasp of dealing in valuable metals. All team members are qualified and skilled in the numismatics sector. The business is a licensed dealer of certified coins by the Numismatic Guaranty Corporation (NGC), the American Numismatic Association Certification Service (ANACS), and the Professional Coin Grading Service (PCGS).
Additionally, Westminster Mint provides its clients with a free mobile app. With the application, you can effortlessly monitor precious metals goods, purchase or sell bullion, and monitor market movements.
This firm offers such a broad range of items at this time that buyers seeking exact price information must visit the company's website and look up the product they are contemplating buying.
In addition, customers should keep in mind that the price of precious metals might fluctuate daily as market rates shift, so they shouldn't be shocked if they find varying prices for the same item on separate days.
Although this company is certain that its clients will be delighted with their products, they provide a 30-day return policy if you are unsatisfied with your purchase, provided it's in a resalable condition.
A client's return will include the entire purchase amount and all applicable taxes. Still, it won't include shipping and handling and handling expenses, such as the cost of delivering your merchandise back fully insured.
The company also specifies that gold and silver bullion bars, coins, ingots, rounds, and wafers do not qualify for return privileges. It will instead acquire them back at the current market rate, which may be greater or lower than the initial purchase price. However, after the 30-day inspection period, certified coins, numismatic coins, and collectible coins will not be acceptable for buyback.
To hasten the return procedure, Westminster Mint requests that clients contact them through email at Returns@Coin-Rare.com to get a return authorization number, which must be marked on the return parcel.
Investors may choose from a variety of gold coins and bars, including:
Some of the Silver coins, bars, and rounds provided by Westminster include:
Rare and Collectible Coins
Additionally, customers may purchase many collectible, rare, and antique coins at the Westminster Mint. It doesn't matter whether you’re a history enthusiast or simply interested in possessing something unique; some of these possibilities might be just up your alley:
Gold Hoard Coins
The company's payment and delivery procedures are accessible on its website.
There are several payment options available when placing an order. However, there are certain restrictions.
Orders paid for with a debit or credit card are limited to $25,000 maximum. If you are a new client, they may need to validate your card with additional identification.
When paying with a personal check, the maximum order amount is $50,000. Those who want to make bigger orders without performing a wire transfer may find this helpful. The firm demands receipt of the check payment within 10 days of the order's placement.
Additionally, you may pay through a bank wire transfer. There is no restriction specified on the website for wire transactions. The transfer must occur within 48 hours of your purchase confirmation.
After confirming your purchase, your transaction will be canceled if you do not finish payment within the allotted period. You will also be responsible for market loss recovery. This implies that Westminster Mint will retain the difference if the value of valuable metals has decreased after you made your purchase.
This is a pretty standard policy among merchants in precious metals. It aids in their protection against future losses.
The Westminster Mint makes an effort to process and distribute orders rapidly. However, the website indicates that customers should wait for approximately 15 days for their purchases to be delivered, even though most submitted orders will be dispatched within three days. All packages are sent by the United States Postal Service's Priority Mail, and purchases above $100 require a signature.
Every shipment that is sent out includes comprehensive transit insurance to safeguard your valuable assets and grant you the peace of mind that comes from knowing that your metals are safe.
Westminster Mint is not among the numerous retailers that reward customers with free delivery if they reach a predetermined spending threshold, as many other retailers do. The size of your purchase has a direct bearing on the amount that your shipping fees will be. For example, the shipping cost for purchases up to $300 is $11.40.
Since you're already familiar with Westminster Mint and how they operate, you undoubtedly want to find out whether there are any warning signs that could discourage you from doing business with them. Reviewing feedback from previous clients was used to determine Westminster Mint's credibility. This is because reading previous customers' experiences with a business provides a far more comprehensive understanding of that business than just browsing its website.
After reviewing customer feedback from sites such as the Better Business Bureau, Yelp, and Trustpilot, it was determined that the ratings of Westminster Mint are satisfactory but not outstanding. They seem to have ratings that are somewhere in the middle of the pack on the various websites.
The Better Business Bureau awarded Westminster Mint an A+ while Yelp gave them a 1.5 out of 5-star rating. The company also managed a 4.1 out of 5-star rating on Trustpilot and a B rating on the Business Consumer Alliance, which was far below the highest grade of AAA. The customer reviews on BBB were an eye sore, with the company managing a mere 2.88 out of 5 rating, indicating the company may have much to improve.
Additionally, IRA services are not mentioned on the company's website. Many people who purchase valuable metals choose to include them to an IRA to exploit the tax advantages available to IRA owners. The fact that you cannot accomplish this with Westminster Mint greatly discourages prospective investors.
Pros & Cons of Westminister Mint
If you're considering investing money with the Westminster Mint, you're presumably most concerned about the firm's legitimacy. As previously stated, they have existed for over twenty years and currently maintain an average rating across many platforms.
It is thus sensible to establish that the firm is legitimate, but it does not conclusively qualify it as the ideal company to transact with. The upsides and downsides of the firm are discussed at length throughout the article so that you, the reader, can make an educated choice.
Don't Forget Your Free Silver & Investment Kit!
Even if you don't plan on investing at this time in your life, it's important to educate yourself on how you can use precious metals to get some awesome tax benefits & protect your retirement savings. It's free and can help protect a large amount of your money.
If you are ready to invest - you may as well get a bunch of free silver!