1st National Reserve Reviews

1st National Reserve
1st National Reserve
Verdict
1st National Reserve is a precious metals dealer with several decades of experience. They have an A+ rating on BBB and enjoy a positive reputation in the industry.
Fees & Charges
Honesty & Transparency
Reputation
Customer Service
Pros
The company has decades of experience
The business has A+ ratings on BBB
Cons
No Gold IRA services
2.8
Expert Score

What is the 1st National Reserve?1st National Reserve Locations, Timings, Email, Phone, Services

1st National Reserve, established in 1989, is a reputable company in the field of numismatics. Founded by experts in the field, they specialize in connecting both new and experienced coin collectors with a wide range of gold, silver, and rare coins. With a focus on rare United States coins and bullion, the company utilizes advanced technology to access nationwide numismatics trading networks.

Logo of the 1st National Reserve

By leveraging these networks, their expert buyers can efficiently locate, purchase, and sell high-quality rare coins and bullion. Even if a specific coin is not currently available in their inventory, 1st National Reserve’s buyers can tap into their extensive network of contacts to locate the desired item. In addition to facilitating coin transactions, their team assists investors with diversification strategies such as opening a Gold IRA.

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1st National Reserve offers various informative articles on its website, covering investment strategies, market performance, and coin grading. The company aims to educate both new and seasoned investors about their options in the precious metal investment space.

The company is a member of numismatic professional organizations, including PCGS, NGC, ICTA, and others. They are a registered precious metals dealer in Texas, specifically in the city of Beaumont. In 2002, the company obtained accreditation from the Better Business Bureau, demonstrating its commitment to meeting high standards of business practices.

Since its inception, 1st National Reserve has served over 112,000 customers and conducted over $316 million in numismatic transactions. With its headquarters based in Beaumont, Texas, the company has established itself as a reliable precious metals dealer offering a wide selection of high-quality gold, silver, and rare coins.

Company Info & History:

The team at 1st National Reserve boasts a wealth of experience, with the gold and rare coin expert alone having over 40 years of industry expertise and experience teaching seminars on grading services. The company’s extensive inventory enables them to provide investors with top-quality gold coins, catering to the needs and preferences of dealers and collectors alike.

Collectively, the numismatic experts at the company possess over 50 years of experience in the field. Their specialization lies in certified and rare coins, setting them apart from other precious metals dealers. While many companies may offer similar gold coins and bars, 1st National Reserve differentiates itself by providing investors with additional options and benefits.

  • Address: 120 Shakespeare Dr. Beaumont, TX 77706-5723
  • Phone No: (409) 866-8595
  • Website: https://www.1stnationalreserve.com/
  • Email: info@1stnationalreserve.com

People Behind 1st National Reserve: CEO, Owner, Co-Founders & MoreWho owns the 1st National Reserve? What is the management team behind the 1st National Reserve?

Mr. Mike Fuljenz serves as a numismatic consultant for the 1st National Reserve. No other information regarding its Founder, Owner, and CEO is available online or on its website.
Transparency in the management team of any organization is crucial for building trust and fostering a positive working relationship with stakeholders.

Mr. Mike Fuljenz: Numismatic Consultant

Mike Fuljenz, renowned as America’s Gold Expert, serves as the numismatic consultant for 1st National Reserve. With an impressive track record spanning over 50 years in the numismatics industry, Fuljenz is a highly regarded figure in the field. His expertise and contributions have earned him over 60 national and regional awards, including the American Numismatics Association’s Presidential Service Award and the ANA 2021 Dealer of the Year award.

Beyond his accolades, Fuljenz is also an accomplished author, having written numerous award-winning books and newsletters. He actively shares his knowledge through appearances on radio and television programs, where he educates investors about the world of precious metals. Additionally, he frequently serves as a presenter at organizations that train law enforcement personnel to identify and combat counterfeiting.

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In recognition of his significant contributions to the industry, Fuljenz was granted an honorary doctorate from his alma mater, McNeese State University, in 2015. This further attests to his expertise and standing in the numismatics community.

1st National Reserve Products: Bullion Coins, Bars, And Rare CoinsAll products offered by the 1st National Reserve

The company offers a wide range of gold and silver products to cater to the preferences and investment goals of its clients.

Some of the notable products they provide include:

  • American Gold Eagle coins
  • Gold American Buffalo coins
  • US Mint Bullion
  • Canadian Gold Maple Leaf coins
  • Great Britain Gold Britannia coins
  • Australian Gold Kangaroo coins
  • American Silver Eagle coins
  • Silver Britannia coins
  • Generic Silver bars, and
  • Generic Silver rounds.

This diverse selection allows investors to choose from various options based on their personal preferences and investment strategies. One significant aspect of the company is its commitment to providing extensive educational resources.

These resources include books, videos, articles, and newsletters, all curated by one of the country’s leading experts on rare and valuable gold and silver coins. Investors can access commentary and analysis that offer insights into the market, evaluations of gold and silver coins, and information on economic factors that impact investors.

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How to Invest in 1st National Reserve IRA?Step-by-step guide for investing in 1st National Reserve IRA

1st National Reserve does not offer IRA services to its customers.

An IRA is a specialized investment account offering certain retirement savings tax advantages. It allows individuals to save and invest funds for their retirement while enjoying potential tax benefits.

By not providing IRA services, the company may limit the options available to customers who specifically seek to include precious metals in their retirement portfolios. Precious metals, such as gold and silver, are often considered a diversification strategy and a hedge against economic uncertainties. Also, including these assets within an IRA can provide individuals with a tax-advantaged method of investing in precious metals for their retirement.

Learn about the benefits of a gold IRA below:

REQUEST FREE GOLD KIT

Not offering IRA services may be a drawback for customers who prefer the convenience and benefits of consolidating their retirement savings and precious metal investments within a single account. Also, they may need to seek IRA services from other financial institutions or precious metals dealers that specifically cater to retirement accounts.

Opening a precious metals IRA is a significant decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer in your state and choose accordingly.

Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.

1st National Reserve Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?

According to the customer agreement of 1st National Reserve, the ask prices for common bullion coins include a fee ranging from 1 to 5 percent. When it comes to common date antique coins, a fee of 10 to 15 percent is applied. It’s important to note that markups for the rarest coins may be even higher than these percentages. For purchases made within an IRA, 1st National Reserve adds an additional fee of 1 to 10 percent to the cost price. These fees and markups are part of the pricing structure established by 1st National Reserve for their various products and services.

Companies like Augusta charge ZERO fees for up to 10 years and allow you to choose your own gold & silver. 1st National Reserve on the other hand provides fewer options.

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1st National Reserve Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the 1st National Reserve reviews & complaints

Better Business Bureau (BBB):

On the Better Business Bureau website, 1st National Reserve has an A+ rating and 4 stars out of 5-star ratings. This is based on only 1 customer review. They are since 31 years in the industry. No complaints have been filed or closed in the last 3 years. This business is BBB accredited on Better Business Bureau website. Since they are in the business for two decades, the actual question arises when we see only one review in this type of business rating trusted website.

BBB profile of the 1st National Reserve

Google Reviews:

On Google, the company has 4.1 stars out of 5-star ratings based on various customer reviews. There are a total of only 8 customer reviews on Google, and most of them are positive, with customers praising the company’s excellent customer service, professionalism, and expertise.

Google Reviews of the 1st National Reserve

Some Customer Reviews:

#1. According to Richard D, his initial experience with the gold dealer was excellent. He came across an advertisement in American Hunter and decided to place an order for 3 silver dollars and two 911 commemoratives. He was pleased to receive all the items exactly as ordered, and the delivery was prompt.

Positive Review on 1st National Reserve

#2. Lynn Lisenby recommends this precious metals dealer as an excellent destination for purchasing precious metals. According to Lynn, simply contacting them is all it takes. The team is highly professional and knowledgeable, readily addressing any inquiries you may have.

Positive Review by Lynn on 1st National Reserve

#3. Leslie Bennett reports that the 1st National Reserve cashed their check on August 9, 2018. However, as of September 19, 2018, they have made three phone calls and still have not received the item they ordered.

Customer complaint

#4. Rob Jones warns potential buyers to exercise caution, stating that he has experienced significant issues with the 1st National Reserve. Despite paying in advance, he has not received the ordered coin even after three months. In addition, he expresses frustration over receiving evasive responses and the lack of a valid tracking number from the company. Rob intends to file a complaint with the Better Business Bureau (BBB) to address this matter.

Complaint against 1st National Reserve

#5. Arthur Williams expresses satisfaction with his purchase experience from 1st National Reserve. He bought silver, including rounds and bars, and commended the company for prompt shipping. He also praises their excellent customer service, stating that it was a pleasure to interact with them. Arthur concludes by expressing his intention to engage with 1st National Reserve again.

Positive Review

Is 1st National Reserve Legit? Should You Invest With Them?Is the 1st National Reserve scam or legit? Are they worth it?

No, I don’t think one should invest with them.

Pros:

  • The company has decades of experience.
  • The business has A+ ratings on BBB.

Cons:

  • No gold IRA services

Determining the legitimacy of a company requires careful research and consideration of various factors. 1st National Reserve has been in operation since 1989 and holds Better Business Bureau accreditation with A+ ratings.

Remember, investing in precious metals involves risks. It’s essential to carefully weigh the potential benefits and drawbacks. I suggest checking our multiple gold dealers before making any final decision.

Alternatively, you can check out the best gold IRA company of your state below:

Find the best Gold IRA company in your state

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