Maine Gold and Silver Review – A Quick Overview
Maine Gold and Silver is a jewelry store located in South Portland, Maine. They offer multiple jewelry services including jewelry repair, custom designing and professional appraisals. Also, the company provides rare coin certifications and has a decent selection of collectible coins on offer. However, the company does not offer many IRA-eligible products.
- Over 60 years of experience
- Multiple jewelry-related services
- Limited selection of IRA-eligible products
- No IRA services
- Limited selection of collectible coins
Table Of Content
What is Maine Gold and Silver?
Maine Gold and Silver is a jewelry and precious metal dealer based in South Portland, Maine. They are located at 220 Maine Mall Rd #4, South Portland, ME 04106.
Similarly, their contact number is 207-772-2211. Their opening hours are:
- Monday to Friday: 10 am to 5:30 pm
- Saturday: 10 am to 4:30 pm
They stop buying from customers one half hour before closing. Maine Gold and Silver has been operating since 1959.
The store offers its customers a wide range of jewelry-related services including jewelry repair, custom designs and jewelry appraisal.
For precious metal coins and bullion, they have a separate website called Norman W. Pullen Rare Coins.
People Behind Maine Gold and Silver:
The President of Maine Gold and Silver is Norman Pullen. He used to be a consultant for the Federal Trade Commission and is a past PCGS professional coin grader. Now, he is semi-retired but is still quite involved in the business. He has over 55 years of experience in dealing rare coins.
Similarly, the company’s VIce President is John Colby.
John has been a numismatist for more than 40 years and has worked for Paramount International Coin Corp. Also, he has served as Director of Sales for Williams Gallery of Rare Coins in Dayton, Ohio. John Colby is a Life Member of the American Numismatic Association as well.
The two business partners acquired Maine Gold and Silver in 1990.
Another notable staff member is their professional appraiser, Allisyn Gray.
She is a graduate gemologist from GIA Carlsbad, CA and received her Gemologist certification from the American Gem Society. Allisyn has been working as an independent appraiser throughout Maine.
Does Maine Gold and Silver Offer Gold IRAs?
The company only deals in jewelry, collectible coins and bullion. They don’t offer gold IRA services and have not partnered with any custodians.
This might be a bit disappointing for those who look for IRA investing. However, there are plenty of precious metal dealers who offer such services.
If you’re interested in retirement investing, you can check out our list of the best gold IRA companies and get started.
Maine Gold and Silver Products:
Maine Gold and Silver primarily deals in jewelry, collectible coins and bullion:
The company provides multiple jewelry-related services to clients. These include repairing your jewelry including:
- Ring sizing
- Free jewelry inspection and cleaning
- Pearl/bead restringing
- Re-cutting and polishing of stones
- Laser soldering
They have a full in-house repair department and their jewelers boast of having more than 70 years of combined experience.
You can also get custom designs for your jewelry. The company has multiple goldsmiths who can work with you to create your desired design.
Furthermore, the company has a professional appraiser to help you get your jewelry appraised.
They have a significant selection of diamond engagement rings, diamond earrings and pendants as well. If you’re interested in purchasing any diamond jewelry, you can get in touch with them and learn about their available selection.
Moreover, they buy jewelry from customers at wholesale or below price. Some of the jewelry they buy includes:
- Gold jewelry
- Gemstone jewelry
- Platinum jewelry
- Sterling flatware
- Class rings
- Dental gold
- Designer pieces
- Rolex watches
If you’re a rare coins collector, Maine Gold and Silver has a decent selection for you.
According to the company, its selection of rare coins changes constantly so it recommends customers to give them a call to learn about their inventory. However, they do share some information about the available coins on their website.
At the time of writing this review, they have the following coins present in their collection:
- 1799 Draped Bust Silver Dollar
- 1994 World Cup Comm. Set
- 1882-CC Carson City Silver Dollar
They offer rare coin appraisal services along with being an admission center for PCGS, NGC and ANACS.
The company provides coin grading services as well.
You can find several bullion coins here as well including:
- Canadian Maple Leaf
- Silver Round or Ingot
- American Eagle
The company only accepts cash for bullion.
For those looking to buy jewelry or numismatics, this company can be a great fit. However, if you’re looking for a company with a good selection of bullion, you might want to consider a more specialized firm such as Augusta Precious Metals or Noble Gold.
Maine Gold and Silver Fees:
There is no fee-related information available on their website about the various services they offer. To learn about their fees and pricing, you would need to give them a call or visit their store in-person.
This can be a bit cumbersome for some investors.
However, there are plenty of precious metal dealers too who don’t share any pricing details.
Maine Gold and Silver Reviews:
The jewelry store has received plenty of reviews across multiple consumer platforms. Their BBB page has an A+ rating but no customer reviews or complaints.
Similarly, their Yelp page has a stellar 5 out of 5 stars rating.
Most of the reviews praise the company’s focus on customer service. For example, Kelly points out that she had two necklaces with little monetary value but they were very valuable for her.
She brought them to Maine Gold and Silver and the jeweler offered to see what she could do. The jeweler looked at both of the pieces and said initially that there was nothing she could do.
However, when the jeweler noticed that they held sentimental value for the client, she repaired both of them.
The reviewer says that they didn’t even charge her for this repair. She recommends the place to everyone looking for jewelry repairs.
Their Google profile has received 113 reviews at the time and has a 4 out of 5 stars rating.
While most customers praise the company’s quality service, some have complained about their lack of care for new customers.
For example, Lisa points out that she had gone to Maine Gold and Silver to purchase some silver but nobody in the store responded to her. She stood there for minutes but after seeing how everyone was busy, she left.
Is Maine Gold and Silver Legit?
Yes, Maine Gold and Silver is legit.
The jewelry store offers a wide range of services including jewerly repair, custom designs and professional appraisals.
Their selection includes rare coins and bullion too.
The business has been operating since 1959 and has one of the most experienced jewelers working in their store. However, their selection might be a bit disappointing for retirement investors.
Should You Invest with Maine Gold and Silver?
If you’re looking for jewelry and related services, this place is excellent. However, for retirement investors, they are certainly not the best service provider.
There are plenty of precious metal dealers with much larger and varied selections of collectible and IRA-eligible products.
If you’re interested in precious metal investing, I recommend checking out our list of the top gold IRA companies before making any final decisions. It will help you learn about the industry’s best and what they have to offer.
Have you dealt with Maine Gold and Silver? Share your experience below!