Coins Plus Review – A Quick Overview
Coins Plus is a precious metals dealer based in Spokane, Washington.
They are reputed for buying and selling large volumes of gold, silver, platinum and palladium products.
Also, the company purchases scrap gold, jewelry, paper money and precious metals products from customers.
The company has specialized leadership with extensive experience in finance. However, they have received mixed reviews from customers and don’t offer any IRA-related services.
- Highly experienced leadership
- Impressive product selection
- No gold IRA services
- Mixed reviews
- Received complaints for poor pricing
What is Coins Plus?
Coins Plus is a precious metals dealer based in Spokane, Washington. Their address is 3201 N Division St A, Spokane, WA 99207 and their contact number is 509-444-0044.
The company is reputed for selling large volumes of precious metals coins to customers. They have been in the industry for over 10 years and have become one of the most prominent rare coin and precious metals brokerages in the Greater Northwest, US.
The company’s Spokane building is beautiful and has been hailed as the finest rare coin and precious metals building in the world.
Coins Plus buys and sells rare coins, currency, bullion, jewelry, scrap gold, platinum and palladium.
They can purchase PCGS and NGC certified products from customers as well. A unique highlight of Coins Plus, Inc. is that they are capable of purchasing large quantities of precious metals from customers.
Furthermore, the coin dealer has one of the largest selection of numismatic coins in the Western US and have only listed a small fraction of their inventory on their website.
People Behind Coins Plus:
Kevin Wolter is the President of Coins Plus. he has a Bachelor of Science in Mathematics and Statistics along with 10 years of executive-level experience in Banking and Finance.
He has served multiple Fortune 100 banks and used to be a licensed financial advisor.
That’s not all.
The Coins Plus, Inc owner has obtained multiple numismatic training and certifications from the American Numismatic Association including Advanced Coin Grading & Counterfeit Detection.
According to the company’s “About Us” page, they have handled more than $100’s of millions of dollars worth of coins over the years.
Some of the numismatic organizations they are a member of or an authorized dealer for are:
- Industry Council of Tangible Assets
- Numismatic Guaranty Corporation
- Professional Coin Grading Service
- Certified Coin Exchange
- American Numismatic Association
It’s great to see a company which values transparency and honesty as there are many precious metals dealers who don’t share any leadership details such as Missouri Coin Company and Dillon Gage.
Can You Invest in a Gold IRA with Coins Plus?
No, there is no mention of gold IRA or related services on the website of this firm.
Similarly, the company doesn’t mention any partnerships with an IRA custodian, without which, you cannot open a gold IRA.
They only focus on buying and selling precious metals products. If you’re a retirement investor or interested in opening a gold IRA, you should go with a company that specializes in that field.
Some suggested firms are Augusta Precious Metals and Noble Gold Investments.
They have extensive experience in helping clients set up gold IRAs and have a product selection that aligns with modern retirement investing standards.
Certainly, Coins Plus only seems suitable for numismatic and casual investors.
Coins Plus Products:
Coins Plus has one of the most impressive product catalogs in the industry. You’d find all of the popular coins and bars here including American Eagles, Maple Leaf coins, and others.
Here’s a more detailed overview of their inventory:
You will find a large selection of gold bullion products here. Some of the notable products include:
- American Gold Eagle
- Canadian Gold Maple Leaf
- Austrian Gold Philharmonic
- American Gold Buffalo
- Chinese Gold Panda
- South African Gold Krugerrand
- British Gold Sovereign
- US Gold Saint-Gaudens $20
Popular silver bullion at Coins Plus include:
- American Silver Eagle
- Silver 1 oz Rounds
- Mexican Silver Antique Coins
- Silver Half Dollars
- 100 oz and 10 oz Silver Bars
Platinum & Palladium Products:
Their product selection has several platinum and palladium offerings:
- Canadian Platinum Maple Leaf
- American Platinum Eagle
- Australian Platinum Koala
- Platinum Isle of Man Nobles
- Palladium Bars
Rare Coins and Currency:
Certainly, Coins Plus has one of the largest inventories in WA. They offer various rare and numismatic products to consumers. Some notable highlights are:
- Lincoln Cents
- Buffalo Nickels
- Shield and Liberty Nickels
- US Copper Half Cents & Orange Cents
- Walking Liberty Half Dollars
- Washington Quarters
- Roosevelt Dimes
And plenty more.
However, keep in mind that numismatics are ineligible for your gold IRA. Adding them to your IRA portfolio can result in severe penalties because the IRS views them as art.
That’s why I suggest investing with a firm experienced in handling gold IRAs. Moreover, the value of numismatic products is largely dependent on the buyer you find and your individual coin unlike bullion products whose value is dependent on the market overall.
Still, if you’re a rare coins collector, Coins Plus might be the perfect place for you. You might also check out Sahara Coins & Precious Metals and Rocky Mountain Coin as they have impressive numismatic selections.
What Does Coin Plus Buy?
If you’re looking to sell gold, silver or other precious metals products in Spokane, WA, Coins Plus might be the perfect place for you.
The company buys the following products from customers:
- Scrap gold
- Paper money
- Gold products
- Silver coins and bars
- Platinum and palladium products
- Rare coins
They provide customers with free in-store purchase offers based on the immediate market value. Also, the company highlights that they operate on small margins so their offer would usually be within 5 to 15% of the retail market value of the product. However, it’s possible for their offer to be well over the retail market value due to high collector demand.
Coins Plus Fees and Charges:
Coins Plus doesn’t provide any IRA services. However, they do offer safe depository service for customers.
The firm has a 100 tons of specialized tool resistant composite concrete wrapped in 1-inch thick hardened steel plates applied. Moreover, their depository has heat, motion and seismic detectors along with 24/7 video-surveillance.
Here is the pricing chart for their depository services:
|Dimensions||Charges for 1 Year||Charges for 3 Years||Charges for 5 Years|
|3” X 5” X 22”||$60||$169||$264|
|5” X 5” X 22”||$94||$264||$413|
|3” X 10” X 22”||$106||$297||$462|
|5” X 10” X 22”||$165||$462||$715|
|10” X 10” X 22”||$308||$858||$1320|
|10” X 15” X 22”||$429||$1188||$1815|
The company doesn’t offer any additional chargeable services.
Coins Plus Reviews and Complaints:
There are a handful of Coins Plus reviews available online. However, the company has received mixed ratings from its customers on different platforms, which might deter some investors.
Their BBB page has an A+ rating and its customer rating is 4 out of 5 stars based on 4 reviews.
One commendable highlight of their BBB page is that they haven’t received any complaints there.
Their Yelp page has an aggregate rating of 3 out of 5 reviews based on 22 reviews. The positive reviews of the company praise it for having friendly and knowledgeable staff.
However, there were several negative reviews complaining about how the company ripped them off and they don’t recommend coming here.
Their Google listing has received 200+ reviews and enjoys a decent rating of 4 out of 5 stars.
Is Coins Plus Legit?
Yes, Coins Plus is a legit precious metals dealer. They are one of the largest coin dealers in Northwestern US.
The company has highly specialized leadership and provides customers with a varied catalog of gold, silver, platinum and palladium products. They buy rare currency, coins, scrap gold, jewelry and many other precious metals products from customers.
Also, the company has an active newsletter where they share industry insights with customers. Moreover, they received an impressive number of client reviews.
However, the company has its fair share of problems as well. They don’t provide any IRA services and have received many complaints for having poor pricing.
These factors might deter some investors.
Coins Plus seems attractive but they are definitely not the best precious metals dealer. You should review multiple options before making any final selection.
Finding a suitable precious metals dealer that matches your goals can be difficult. However, with enough industry research, you can make a certain decision and face no issues. To help you with that research, I have researched countless firms and selected the top picks. You can learn about them on our Best Gold IRA Companies page.