Money Metals Exchange Reviews (2024): Best For Investing?

What is Money Metals Exchange?

Money Metals Exchange is a trusted dealer of gold and silver.

Money Metals Exchange is the choice of today's smart and self-sufficient buyers of gold and silver bullions.

Without paying expensive middleman mark-ups or fending off high demand, bait-and-switch pricing strategies, customers can now protect their investments from financial chaos and the devaluing dollar through Money Metals Exchange.

It is is safe, private and offers you the most gold and silver for your money. It's the primary reason why they are continuously experiencing rapid growth.

They were recently recognized by Bullion.Directory as "Dealer of the Year," garnering the accolades and approval of over 20,000 investors and business experts in the industry.

Money Metals Exchange is suitable for beginners who have little to no knowledge about buying precious metals.

What Precious Metals Does Money Metals Exchange Sell?

The Money Metals Exchange provides a decent collection of precious metals:

Gold. Canadian Maples, American Eagles, European Gold Bullion, fractionals, bars, rounds, and coins in different weights.

Silver. Coins, bars, rounds, bullets, and fractionals in different weights.

Platinum. American, Australian, and Canadian coins with bars in different weights.

Copper. Peace Rounds, Buffalo Rounds, Morgan Heads, etc. with copper bars that weigh 1-ounce.

Palladium. Maples and Palladium Eagles with bars in different weights.

Rhodium. Bars that weigh 1- and 5-ounces.

How Does Buying From Money Metals Exchange Work?

Product sections for Money Metals are grouped at the top of the homepage in tabs. You just have to click the product and key in the quantity then add to your cart. Afterwards, you can either continue shopping or check out.

Money Metals Exchange holds the price for about 10 minutes after you start the checkout process. At the upper right corner of your screen, there is a timer that tells you when the price expires. Input your full name, mailing address and other payment info to complete the checkout process.

If you finish the checkout process, Money Metals sends a confirmation email.

Does Money Metals Exchange Accept Returns?

Yes, they do accept returns.

Returns initiated within three days of delivery are approved by the Money Metals Exchange. You may reach their customer service at 800-800-1865 to facilitate an exchange or return.

You will be required to pay the shipping costs and return the product with the original packaging. If you pay via PayPal or credit card, you will be charged with a a stocking fee at 5%.

Besides the shipping charges, they will hold you accountable for any market loss.

What this means is that if the price of the product you bought gets lower in the market during the return process, you will be refunded with the cheaper value.

How Does Selling To Money Metals Exchange Work?

You may follow these simple steps below if you want to sell to Money Metals Exchange:

1. During business hours, give them a call at 800-1865 to get a buyback price from their representative.
2. If you approve of the quote, lock in the price by giving them your confirmation of your order
3. Check your email to view your purchase order and follow further instructions on shipping.
4. Send your order over to Money Metals Exchange.
5. Money Metals Exchange will send you your payment after careful inspection of the product.

Ensure that the metals conform to the company's buyback guidelines before you contact Money Metals Exchange:

• Both the weight and purity should be marked on rounds and bars.
• The manufacturer's name should be marked on the bars.
• The precious metals ought to have a saleable appeal, also uniform and clean.
• Half-dollars should be minted including quarters and pre-1965 dimes.

If you have a doubt in any way about your precious metal's quality, you may reach their rep via live chat, email, or phone.

Money Metals Exchange Review: Is Money Metals Exchange Safe?

Yes. Established in 2010, Money Metals Exchange is headquartered in Eagle, Idaho.

It is a Better Business Bureau (BBB) certified organization and holds an A+ ranking based on the internal requirements of the BBB, which requires years of responsiveness to business and consumer concerns.

In the Consumer Financial Security Bureau database, there are no reported concerns about JM Bullion.

How Does Money Metals Exchange Keep My Money Safe?

Every Money Metals Exchange order is fully insured and has tracking info.

The site uses DigiCert certified SSL-encryption to secure confidential data throughout the process of checkout.

How Do Money Metals Exchange’s Prices Compare To Competitors?

The rates of the Money Metals Exchange are marginally more costly than those of its fellow bullion dealers, but it provides greater buyback prices than its rivals if you decide to sell.

Buy Prices

Money Metals Exchange sold one-ounce uncirculated random American Gold Eagle year coins for $1,867.70 when I checked last May 2020, which was higher than the advertised Golden Eagle Coins and JM Bullion rates by $4 and $25 respectively.

A transaction fee of 4 percent is charged when you purchase via Money Metals Exchange credit card and PayPal.

Sell Prices

While the selling costs of the Money Metals Exchange are marginally above average, They give better offers than their competitors when buying precious metals from its clients.

Money Metals Exchange reported purchased prices for a one-ounce uncirculated American Gold Eagle coin at $1,776.70 on May 28, 2020, marginally higher than the buy-back price of JM Bullion of $1,752.21 and the price of Golden Eagle Coins of $1,750.75.

Storing Your Bullion With Money Metals Exchange

Money Metals Exchange provides depository facilities for consumers who are searching for a location outside their home to store their precious metals. Open an account by phone and have your order delivered to the depository building with Money Metals directly.

There are UL Class 3 vaults in the building and the Money Metals Exchange's Lloyds of London insurance policy completely insures depository accounts.

Annual storage charges are paid on a quarterly basis and they depend on the holding's valuation.

Contact Money Metals Trade directly for holding values at over $3 million.

Is It Better To Buy Gold Bars Or Gold Coins?

Gold will always remain a good investment especially gold bars.

This is because their value can be defined through the live spot price.

Owing to the additional minting prices, and the commemorative aspect of their value, gold coins can demand marginally higher premiums over the spot price than gold bars.

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What Will Gold Be Worth In 2030?

The price of gold is forecasted by the World Bank to climb from an average of $1,360/oz in 2019 to $1,470/oz in 2020.

It is projected to decline in the next 10 years and hit at $1,300/oz by 2030.

Do Gold Bars Lose Value?

If you buy small gold bars, the buying price would be 2% up to 4% above the gold content's value.

But when you sell them back to your broker, you will lose about as much.

Does Money Metals Exchange Disclose Customer Information to the Government?

No. As per their website, they absolutely do not report to the government or anybody else any of their clients' purchases.

There are very unusual cases where such reports will be needed, but a reporting duty is only activated about once in every ten thousand transactions and makes every attempt to alert clients in advance.

You can check their Non-Disclosure Agreement on their website.

How Can I Store My Physical Gold and Silver?

Money Metals Exchange recommends two ways.

First is find in your home a well-hidden and ultra-secure safe where you can store some of your bullion but one that you can easily access when there is an emergency.

Second is to store the rest in a fully insured and secure depository of precious metals, like the one Money Metals Exchange has.

Does Money Metals Exchange Have a Starter Kit?

Yes, they have the Silver Only Starter Portfolio. valued at $118.22.

This starter kit is inclusive of 4 Oz of fine silver:

• (1) American Silver Eagle 1-oz coin
• (1) Canadian Silver Maple Leaf 1-oz coin
• (1) Walking Liberty 1-oz round
• (1) Walking Liberty 1/2-oz round
• (5) Walking Liberty 1/10-oz rounds

This Pre-Made Portfolio only includes silver. Right now, silver seems like an excellent value, so we suggest buyers to consider this white metal.

Money Metals Exchange Review: Accessibility

Money Metals Exchange believes that the internet should be fully accessible to all.

That's why they make sure that the products and services available in their website can be accessed by the largest possible audience irrespective of disability or circumstance.

Money Metals Exchange does its best to optimize online usability according to the Web Content Accessibility Guidelines 2.1 Level AA by the World Wide Web Consortium (W3C).

What Types of Cryptocurrency Does Money Metals Exchange Accept?

You can pay for your Money Metals Exchange order with:

• Dash
• Ethereum
• EOS token
• EOS token
• Ripple
• Bitcoin cash
• Bitcoin
• Bitpay
• Litecoin

Money Metals Exchange Review: Is Money Metals Exchange Legit Reddit?

They are legit. The one downside was they require a signature for (I think) every purchase. I bought 5-1oz rounds from them a month back or so for about $100.

Money Metals Exchange Pros And Cons

Pros

Live Pricing. The price updates at Money Metals Exchange are in real time.

Storage Options. There is a depository account where customers can have their orders shipped directly.

Premade Portfolios. Premade portfolios are available for rookies in bullion investing such as pre-packaged silver, gold and multi-gram portfolios.

News and Resources. You get access to historical precious metal prices and at the same time, customize price alerts in their website.

Cons

Transaction Fees. Paying via PayPal or credit card would mean paying a 4% additional fee.

Payment Method Restrictions. Payment options could be limited due to minimums and maximums on payment methods.

Limited Support. Customer Support Team is available during weekdays only.

How do I Contact Money Metals Exchange Customer Service?

You can reach the customer support staff at the Money Metals Exchange through:

Phone. Business hours are from 7 a.m. up to 5:30 p.m. MT during weekdays. Give them a call at 800-800-1865.

Email. Complete an online form with your email address and ask for an email reply.

Live Online Chat. A Money Metals Exchange rep. is available to speak to you on the website on weekdays from 8 a.m. until 5 p.m. MT.

What Is The Minimum Amount Of Gold You Can Buy?

Usually, the smallest sized bars (. 032 troy oz) that an investor can buy are one gram gold bars.

Minimum purchases of gold from an exchange differ from company to company.

There are minimum order volumes for most reliable exchanges that can vary from 10 to 20 ounces.

In general, these businesses are very consistent with their prices, and they have a skilled method to make it very easy to purchase coins.

Does Money Metals Exchange Have A Facebook Page?

Yes, they do have a Facebook Page with the same title, Money Metals Exchange. Here, you can drop your complaints, queries, or any concern regarding precious metals.

They currently have over 15,000 followers.

What Are Customers Saying About Money Metals Exchange?

There's not a lot of Money Metals Exchange reviews, but what's available is pretty positive.

The company was given an A rating by the BBB as of October 2020, and it receives a 4.7 out of 5-star credibility based on 78 consumer reviews.

Though they don't have a page in Trustpilot, they have an average of 4.7 out of 5 from the 56 reviews on Facebook.

Customers talk favorably of the courteous, competent service representatives of the organization, but they have complaints because of occasional delays in shipping.

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Bottom Line

In addition to pre-made portfolios for new customers, Money Metals Exchange sells a range of precious metals and provides direct storage options.

But limitations on the payment type and processing costs can affect the checkout process, and on weekends, customer service is not available.

Try exploring your investing opportunities to develop your portfolio of precious metals, minerals and shares if you are trying to diversify your portfolio.

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