Missouri Coin Company is a precious metals dealer based in Des Peres, Missouri. It has been in the industry since 1979 and offers gold and silver bullion coins and bars. The company has partnered with Midland IRA and the Entrust Group to offer IRA services to clients.
However, you can visit their store and meet them directly.
It’s worth noting that plenty of bullion dealers keep their leadership info private. This can be due to various reasons.
The Missouri Coin BBB page shows that the company’s President is Dennis McCormick while the Vice President is Matt McCormick.
In its ‘About Us’ page, the company says that its staff has a combined experience of over 100 years in numismatics.
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Missouri Coin Company offers a specialized selection of gold and silver bullion but does not provide options in platinum and palladium. This may be a consideration for investors looking for a wider variety of precious metals.
Their gold catalogue includes the following products:
American Gold Eagle ( 1 oz and ½ oz)
Canadian Gold Maple Leaf
American Gold Buffalo
South African Krugerrand
1 Kg Gold Bar
Similarly, their silver catalog includes:
American Silver Eagle
Canadian Silver Maple Leaf
1 oz Silver Rounds
Silver Bars (10 oz, 50 oz, ½ kg)
While it’s a decent selection, it is quite limited. Plenty of precious metals dealers have much larger and more specialized product selections. If you’re an IRA investor you might want to check out the product catalogs of Birch Gold Group or Augusta Precious Metals.
Missouri Coin Company Fees and Pricing:
Missouri Coin doesn’t specify any fees for its IRA services. Your charges would depend on the custodian you choose.
For starters, Midland IRA charges an annual fee of $325 per asset, a $50 transaction fee and an account termination fee of $150 if the account is older than 2 years or $250 if it’s not.
On the other hand, Entrust Group charges a one-time fee of $50 for opening an account, an annual fee of $199 or $299 if your total asset value is less than $50,000. If your asset value is more than $50,000, you would need to pay an additional charge of 0.15% of your total asset value.
There are various transaction fees depending on your chosen payment method and an account termination fee of $250.
There is a decent quantity of Missouri Coin reviews available online.
Their BBB page has an A+ rating but it doesn’t have any customer reviews or complaints.
On Google, Missouri Coin Company has received 28 reviews and the average rating of the company is 4.4 out of 5 stars.
Most of the positive reviews are about the company’s promptness and professionalism.
For example, the above reviewer highlights that he was able to sell some of their old jewellery within 10 minutes of entering the store. Also, he says that Missouri Coin offered him more than the other places.
The reviewer points out that the transaction was easy and recommends the place.
Similarly, their Yelp page has received 4 customer reviews and has a total rating of 3.5 out of 5 stars.
Is Missouri Coin Company Legit? Should You Invest with Them?
Yes, Missouri Coin Company is legit.
They have been in the industry for over 40 years and provide customers with a specialized selection of gold and silver bullion.
Over 40 years of experience
Reputed custody partners
No platinum and palladium offerings
Furthermore, the company has partnered with two reputed custodians, Entrust Group and Midland IRA, to help them invest in precious metals through their IRA funds. However, that’s about it in terms of the company’s pros.
Missouri Coin seems like a promising firm but it lacks many qualities present in the top gold IRA companies.
Before you make any decision, it would be best to check out more gold IRA firms and evaluate their features. This way you would know what the industry has to offer and wouldn’t miss out on good deals.