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Money Metals Exchange Reviews 2023 Update On Fees, BBB & Scam Risk

Money Metals Exchange Reviews 2024 Update On Fees, BBB & Scam Risk

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Our research has demonstrated that Money Metals Exchange is a dependable investment opportunity. Nonetheless, we will also examine other companies with better reviews and more affordable fees in our comprehensive review.

To see a list of the best companies in 2024 click the link below:

<< Click Here To Discover The Best Gold IRA Companies of 2024 >>

If you’re in a rush, here are our top 3 picks with some information about them:

#1 BEST OVERALL: Goldco

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#2 BEST FOR HIGH NET WORTH INDIVIDUALS: Augusta Precious Metals

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#3 BEST FOR INVESTMENTS UNDER $5000: Birch Gold Group

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Money Metals Exchange is one of the most well-known companies in the precious metals industry, providing customers with a wealth of opportunities when it comes to investing in gold, silver, platinum, and palladium products.

This comprehensive review will dive into the details of Money Metals Exchange, including pricing, safety, reputation, and payment methods.

We will also look more closely at one of its popular offerings: European Gold Bullion. We’ll examine this product in terms of the features, benefits, and drawbacks associated with it from Money Metals Exchange’s perspective.

Overall, this Money Metals Exchange Review Guide aims to provide customers with a bird’s eye view of all the elements vital to making an informed decision about investing in the precious metals market with this company.

About Money Metals Exchange Review

★★★★★

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#1 Readers Choice

Goldco is the leader in the Precious Metals Industry. From Precious Metals IRAs to direct purchases, Goldco has maintained a near perfect track record and therefore is our #1 recommendation for all our readers.

Money Metals Exchange was founded in 2010 by Gleason and is headquartered in Eagle, Idaho. Under the leadership of Gleason, Money Metals Exchange has become one of the nation’s leading precious metals investment companies with over 400,000 customers and 750,000 readers.

As a testament to its commitment to customer service and satisfaction, it is accredited with the Better Business Bureau (BBB) earning an A+ rating based on the BBB’s internal criteria, including years in operation and customer complaint responsiveness.

Money Metals Exchange offers a range of services, including selling bullion coins certified by major grading services like NGC or PCGS. They also offer generic silver and gold rounds and numismatic coins backed by a competitive pricing guarantee.

The company also offers ongoing market analysis, expert commentary on precious metals topics, storage plans for retirement accounts or other assets. They feature own proprietary MLInet technology that allows convenient buying and selling options from its website.

Account holders can be confident that their money metals investment is safe due to the company’s Lloyd’s registered insurance policy for loss or damage of all goods stored in their secure vaults.

If a customer wishes to contact Money Metals Exchange directly with questions about purchasing or storing metals for retirement purposes or making general investments, members of the support staff are happy to answer inquiries swiftly over the phone or email.

All-in-all, it’s easy to see why Money Metals Exchange has been so successful over the last decade: they offer secure precious metal investment alongside trustworthy advice and top-tier customer service setting them apart from the competition in the industry.

Money Metals Exchange Products and Services

Money Metals Exchange Products and Services

Money Metals Exchange is a trusted online bullion dealer that provides customers with access to a wide range of precious metals, including gold, silver, copper, platinum, and more.

The products come in different forms such as bars, rounds, and coins (depending on the type). They also offer many popular coins like American Eagles, gold coins, silver coins, copper coins, and more.

Moreover, Money Metals Exchange has “Starter Packs” available for those wanting to purchase a variety of precious metals. Building blocks, bullets, and jewelry can also be purchased.

What really sets Money Metals Exchange apart from its competitors is its reasonable premiums. Most other online dealers enable you to buy your precious metal at or close to the spot price which can sometimes seem too good to be true.

Money Metals Exchange has a great selection of metal commodities for you to choose from. If you’re looking for gold items, there are coins, rounds, jewelry, bars, and fractionals available from Great Britain, Canada, Australia, and China—sure to offer something for every kind of collector.

Money Metals Exchange Silver Products:

Money Metals Exchange Silver Products

Silver Coins, Silver Rounds, Silver Bars, Silver Bullets, Silver Predator Series, Silver Walking Liberties, Silver US Mint Eagles, Silver Statues, Silver Building Blocks, Silver Geiger Bars, Royal Canadian Mint Silver Coins, Perth Mint Silver Coins, Silver Fractionals, Silver US Coins, Silver America the Beautiful, Silver Canadian Coins, Silver Buffalo Rounds, Silver Australian Coins, Silver British Coins, Silver British Beasts, British Silver Coins, etc.

Money Metals Exchange Gold Products:

Gold Coins, Gold Rounds, Gold Bars, Gold Fractionals, Gold Pre-1933, Gold Eagle Coins, Gold Eagle Proof Coins, Gold Chinese Pandas, Gold Kangaroos, Gold British Coins, Gold PAMP Suisse, Gold Perth Mint Lunar Series, Gold Jewelry, Gold US Coins, Gold Canadian Coins, Gold Maple Leafs, Gold Australian Coins, American Gold Buffalo Coins, Canadian Maple Leaf Gold Coins, US Mint Gold Coins, etc.

Money Metals Exchange Platinum Products:

Money Metals Exchange Platinum Products

Platinum Coins, Platinum Bars, Platinum Jewelry. Money Metals Exchange is one of the top retailers of items crafted from precious metals like gold, silver, and platinum. But the selection doesn’t stop there; they also offer a robust copper selection.

Here you can find premium quality copper bullions, copper rounds, copper pennies, and copper bars to meet your needs. They also offer rhodium bullion and rhodium bars at some of the lowest prices online.

Money Metals Exchange Gold IRAs

Money Metals Exchange Gold IRAs

For those looking for security in volatile times, owning physical precious metals held safely by an IRS-approved custodian offers a level of assurance not available with conventional IRAs.

With a Self-Directed Precious Metals IRA, investors can buy, hold, exchange, and sell real bullion. They can also take their bullion out of their account and keep it in their own possession according to IRS rules.

This may be the safest way to provide financial stability and peace of mind right now.

By taking advantage of a self-directed IRA, you have the power to make your own investments choices free from conventional banks and brokerages that can limit your options.

Money Metals recommends New Direction IRA, as they offer the lowest fees and best service compared to other trustees.

NDTC specializes in holding physical precious metals, in addition to other assets, such as real estate and private loans. They give customers more optionality by allowing them to use various depositories.

Furthermore, NDTC has helpful customer support representatives ready to answer any questions you may have about setting up an account.

If their services aren’t quite what you’re looking for, there is a list of other companies providing self-directed IRAs at the bottom of the page.

Buying Prices of Precious Metals at Money Metals Exchange

★★★★★

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#1 Readers Choice

Goldco is the leader in the Precious Metals Industry. From Precious Metals IRAs to direct purchases, Goldco has maintained a near perfect track record and therefore is our #1 recommendation for all our readers.

If you’re looking to invest in precious metals, then Money Metals has you covered. A spot check on the website in May 2020 revealed that an ounce of American Eagle coins from an uncirculated random year is available at $1,867.70.

While this is quite a hefty price, it is still competitive when compared to the prices of their competitors JM Bullion and Golden Eagle.

In fact, it’s not much of a difference as Money Metals only costs around $25 and $4 more than these two, respectively.

Additionally, one can opt to make payments via PayPal or credit cards, but this would require an additional 4% fee. All in all, Money Metals offers yet another credible option for all potential buyers.

Selling Prices of Precious Metals at Money Metals Exchange

Selling Prices of Precious Metals at Money Metals Exchange

Money Metal Exchange is certainly a great resource if you’re looking to buy or sell gold and silver coins, but it isn’t the best in terms of pricing.

For instance, on the same day that Money Metal Exchange was offering $1,776.70 for an uncirculated American eagle coin, JM Bullion offered up to $1,752.21 and Golden Eagle Coin was giving out $1,750.75 for the same item.

You may need to shop around a bit in order to get the best offer available from other vendors. However, this doesn’t mean that you should avoid Money Metal Exchange altogether.

Knowing various sources can help you make better decisions about where you should buy or sell coins so that you receive as much benefit as possible.

Money Metals Exchange Referral Program

Money Metals Exchange Referral Program

Money Metals Exchange has just announced an incredible Referral Program that allows their existing customers to earn FREE SILVER by simply sharing their experiences with people they know.

Nearly a thousand people have already taken advantage of the program and stated that it has enabled them to help friends, colleagues, and family members protect themselves from potential inflationary crises.

Unfortunately, only a small number of Americans are aware of the importance of owning gold and silver bullion coins and bars. This is why many customers have been gently encouraging their friends and associates to switch out paper dollars for tangible, physical money.

With the generous referral program from Money Metals Exchange, now is the perfect time to get started.

With Money Metals’ Referral Program, you can leverage your customer base to win big.

Not only will you receive a free one-ounce Silver American Eagle coin with each new customer that you refer, but you’ll also get an additional Silver American Eagle for every $5,000 in total order value of their first order – no limit.

Referred customers get the same great deal: they will receive a free half-ounce Paul Revere silver round when placing their first order and mentioning the name of the referring customer. It’s a win-win for everyone involved and makes it easy to start over-the-top wealth-building.

Money Metals Exchange Gold Loan

Money Metals Exchange Gold Loan

Money Metals Exchange makes it easy for customers to access loans quickly, with an incredibly low-interest rate and an advance rate of 75%.

Not to mention, the process from start to finish is painless and speedy. Plus, when you store your gold or silver as collateral with Money Metals Exchange, know that your belongings are kept secure and fully insured at all times.

Money Metals Exchange Monthly Gold/Silver Savings Plan

Money Metals Exchange Monthly Gold-Silver Savings Plan

Have you been wanting to purchase precious metals, such as gold or silver, but are unsure of the best place to start? Money Metals Exchange conveniently provides a monthly investment plan.

Joining Money Metals Exchange monthly plan makes it possible for individuals to purchase gold and silver at even lower rates than the general public.

This means that with each dollar spent, you will be getting more of your desired metal. Through this option, you can get physical delivery of the metal or store them securely in one of Money Metals Depositories.

You have four choices for payment methods: automatic draft from your bank account, pay by check or money order, and use a credit card.

In addition, you can also select among the available dates each month to lock your bullion price and complete your purchase within the range of 1st, 10th, 15th, or 25th on the days designated every month.

With a minimum investment as small as $100 per month or a number of ounces, this is a great way to start investing in gold and silver.

Money Metals Exchange Vault Metals Storage

★★★★★

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#1 Readers Choice

Goldco is the leader in the Precious Metals Industry. From Precious Metals IRAs to direct purchases, Goldco has maintained a near perfect track record and therefore is our #1 recommendation for all our readers.

Money Metals has created a unique and efficient way to invest in gold, silver, and platinum. Through its Vault Metals program, buyers receive more metal for their money than when purchasing coins, rounds, and smaller bars.

These metals are insured in Class 3 vaults located in Massachusetts and Delaware so that customers can rest assured their investments are safe.

Additionally, with an incredibly small bid-ask spread between the purchase and selling price of these vault metals, customers know they are investing wisely. Money Metals makes owning physical bullion easy and accessible for all.

Investing in metals such as gold and silver can be stressful, with security being a pressing issue. Thanks to Money Metals Depository, you can now invest worry-free knowing that your metal ounces are stored in secure and safe third-party vaults.

Your investments are additionally insured and stored at two of the most reputable facilities, CNT Depository and Delaware Depository, with modest storage charges applicable. Moreover, these costs are compensated since patrons have full access to purchase their metals for the lowest possible premiums.

This opportunity is one of a kind due to the brand new state-of-the-art facility Money Metals has built in Idaho where the entire process is performed within high standards for safety, integrity, and privacy.

Money Metals Exchange Storage Fees

Money Metals Exchange Storage Fees

Money Metals Exchange guarantees a secure, insured depot building for precious metals and offers a low annual fee of only $96 per year for holdings valued at $15,999 and below.

Higher amounts will be charged based on a percentage of the total value. Those with amounts exceeding $3,000,000 must call to find out their exact rate.

Clearly, Money Metals Exchange offers unbeatable security and affordable rates that no other exchange or storage provider can match.

Pros and Cons of Money Metals Exchange

Pros

  • Privacy – no selling of information
  • Storage Options
  • Convenient acquisition of metals
  • Live pricing updates
  • Pre-made portfolios for beginners

Cons

  • Transaction fees (4% for credit cards)
  • Limited customer support hours
  • Extra cost for PayPal payments

Money Metals Exchange Review – Is It Legit?

Money Metals Exchange Review – Is It Legit

After conducting a thorough Money Metals Exchange review, it’s easy to see why they are such a highly regarded and successful company. Not only do they have an extensive selection of products including coins, bars, rounds, and other types of metals, but their prices are some of the most competitive in the market.

They are also well known for their customer service representatives who are friendly and knowledgeable when answering questions.

Additionally, Money Metals Exchange takes customer privacy seriously by never sharing any information about your account with anyone. Furthermore, all transactions conducted with Money Metals Exchange are completed safely, securely, and in compliance with applicable laws.

Security cameras monitor the premises, insurance policies cover any losses or damages, and numerous safety measures are taken to safeguard customers’ personal data such as credit card numbers and addresses.

As an added bonus, their website uses SSL (Secure Socket Layer) technology to ensure all personal information remains safe from unwanted access or interference.

Clearly, after this review, it is clear why Money Metals Exchange is an excellent choice when looking for a dependable precious metal exchange business.

Customer Reviews About Money Metals Exchange

Customer Reviews About Money Metals Exchange

Money Metals Exchange is an excellent source for purchasing precious metals. Their customer reviews reflect customers’ satisfaction with the services they offer: fast shipping, friendly customer reps, and competitive prices in the market.

The money metals exchange’s Lloyds certified team of specialists are exceptionally knowledgeable about precious metal markets and help customers make informed decisions about their investments.

In addition, Money Metals Exchange offers access to historical precious metal prices and provides tips on how to buy, sell, or store precious metals safely. All in all, it’s no wonder Money Metals Exchange has earned such excellent reviews from its customers.

“I went over the last batch of Silver Eagles and found, not one bag ***** scratch or blemish. Someone with a sharper eye might locate some faults but I am happy.”
John L
5 Star rating on Better Business Bureau (BBB)

“Been doing business with MoneyMetals for 2 years ranging from shipped products and self-directed IRA with storage. Nothing but excellent service and solid delivery experience.

They have one of the best websites for online bullion dealers. Easy to search, lots of products, and clearly posted premiums. No other website delivers this value.”
Paul Kraus
5 Star rating on Trustpilot

FAQs About Money Metals Exchange

Money Metals Exchange is well-reputed as the premier precious metals dealer in America – providing excellent customer service, with security and reliability at the forefront.

An important part of our company’s enforcement of those values is a commitment to strict adherence to state and federal regulatory standards, such as upholding a perfect BBB rating.

We own our prices, ensuring that each customer consistently makes safe and profitable investments through our diligent staff members.

To ensure you’re getting a good deal when dealing with us, speak to one of our knowledgeable money metals exchange representatives today.

Money Metals Exchange offers a wide selection of payment options to help make buying precious metals easy and convenient. Bank wire transfers, personal checks, cashier’s checks, money orders, and certain credit/debit cards are all accepted.

Additionally, Money Metals Exchange has recently added PayPal as an option, though there is an additional fee for this form of payment.

Regardless of your preferred form of payment, you can rest assured that your purchase is safe and secure when transacting through Money Metals Exchange.

Yes, Money Metals Exchange strives to provide customers with the best prices for their precious metal investments. They source their products from reliable suppliers and regularly update their website so customers have access to real-time pricing information.

To guarantee customers always get the most competitive prices, Money Metals Exchange offers a Best Price Guarantee program that will match or beat any competitor’s price on the same product.

With such advantages, choosing Money Metals Exchange is a great choice for savvy investors.

Money Metals Exchange enables customers to easily buy and sell gold, silver, platinum, and palladium bullion and coins.

Shopping for their available items on the website is simple – simply add the desired items to your cart and check out securely with a variety of payment options.

The process for selling is similarly straightforward; contact customer service to get started and then follow the instructions for securing your shipment of precious metals to be sold.

Money Metals Exchange take great pride in giving customers competitive prices for their products as well as a hassle-free purchasing or selling experience.

Money Metals Exchange makes it easy and secure to purchase precious metals. Placing an order is simple and straightforward with the available options of on their website or over the phone.

To place an order online, you just need to add your desired items to your cart, provide shipping and payment information, and complete your purchase.

For placing an order over the phone, you can contact Money Metals Exchange’s customer service team who will guide you through the process and assist you with any queries that you may have.

With either option, ordering from Money Metals Exchange means a fast, efficient, and secure experience when purchasing precious metals.