Midwest Coin and Collectibles Review – A Quick Overview
Midwest Coin and Collectibles is a coin dealer based in Minneapolis.
They are a female-owned enterprise and have been in business for more than 10 years.
The firm is also known as Midwest Coin and Jewelry.
They buy gold, silver, jewelry, diamonds and other valuables from customers.
However, the firm doesn’t have a strong online presence and lacks transparency. It doesn’t provide any IRA or related services as well.
Pros:
- Female owned and operated
Cons:
- Lack of transparency
- No IRA services
- Only purchase from customers (no sales)
Table Of Content
What is Midwest Coin and Collectibles?
Midwest Coin and Collectibles is a coin dealer based in Minneapolis. They are one of the few female owned and operated firms in the precious metals sector.
Midwest Coin and Collectibles is located at 4301 Hwy 7, Suite 120, St Louis Park, MN 55416. They maintain a discreet appointment-only buying office which offers private appointments to certain clients.
The company buys gold, coins, currency, silver, jewelry, diamonds and several other valuable items from customers. Also, they specialize in buying estates and large collections including high value assets such as antique cars or real estate.
Customers can get a quote through their online quote form or by giving them a call on 612-429-6777.
People Behind Midwest Coin and Collectibles:
Surprisingly, the website of Midwest Coin and Collectibles doesn’t share any information about its owner or manager. Also, there is no information available on their team or their experience.
The BBB page for Midwest Coin and Collectibles shows Asher Tristani as the owner and manager of the business.
That’s it.
This might be a bit disappointing for investors who value transparency when looking for a firm. A 2016 study revealed that more than 94% of customers prefer transparent companies over those that don’t maintain any transparency.
While there are several precious metals dealers who don’t maintain such transparency, it definitely puts Midwest Coin at a disadvantage.
Can You Invest in a Gold IRA with Midwest Coin and Collectibles?
No. Midwest Coin and Collectibles doesn’t offer any gold IRA or related services. It only focuses on buying large estates, collections, antiquities and precious metals from its customers.
If you’re a retirement investor, you should go for a company specialized in IRA such as Noble Gold Investments or Augusta Precious Metals. Those companies have dedicated teams of experts to help customers invest in their gold IRA easily.
Surely, Midwest Coin only seems suitable for jewelry sellers.
Midwest Coin and Collectibles Products:
At Midwest Coin and Collectibles, you can sell the following products:
- US or foreign coins
- Scrap gold jewelry
- Bullion
- Gold products
- Silver products
- Numismatic or rare coins and currency
- Diamonds
- Select watches and pocket watches
- Proof sets and mint sets
Particularly, you can sell the following gold and silver products here:
- Silver Bullion Bars
- American Eagle Coins
- Gold Bullion Bars
- Scrap gold
- Championship rings
- Women’s gemstone and gold/silver rings
- Class rings
- Gold chains
- Loose jewelry
- Silverware
- Gold teeth
- Sterling silver
However, the firm doesn’t sell any precious metals products.
Midwest Coin and Collectibles Reviews and Complaints:
It seems like they are quite unknown as there aren’t many Midwest Coin and Collectibles reviews available online.
Their BBB page has no rating nor any customer reviews. Similarly, the Midwest Coin and Jewelry page has an aggregate rating of 2.5 stars out of 5 stars based on 2 reviews.
However, the Google listing of the company has an impressive 4.9 out of 5 stars rating based on 44 reviews.
Their Google reviews praise the company’s quality service. For example, Matthew highlights that he had a satisfying experience when he went to Midwest Coin and Jewelry to sell some gold rings and a watch.
He shares that he received a fair price. Also, he appreciated how helpful, personable and kind the staff was.
Clearly, Midwest Coin and Jewelry has put in effort into client satisfaction to ensure they remain happy.
Is Midwest Coin and Collectibles Legit?
Yes, Midwest Coin and Collectibles is a legitimate antique dealer.
If you’re looking to sell jewelry, real estate or precious metals in MN, you might find them suitable. They have succeeded at attaining a positive rating on Google reviews.
However, the company doesn’t offer any IRA services. Furthermore, it doesn’t sell any precious metals so they are only good for selling certain valuables.
The company is rather new and doesn’t have much online presence either.
Summary
Midwest Coin and Collectibles might seem reliable but it doesn’t provide any services suitable for an IRA investor. There are plenty of companies with much broader and specialized services.
I recommend checking out the best gold IRA companies of 2023 to see what the industry has to offer. This way, you would know what the industry has to offer and what you can expect.