Montana Rarities has an impressive product catalog but their lack of gold IRA specialization makes it difficult for me to recommend them to any investors. I suggest checking out our top recommendations instead.
What is Montana Rarities?Montana Rarities Locations, Timings, Email, Phone, Services
Founded in 2008 and headquartered in Florence, Montana, Montana Rarities has positioned itself as a key player in providing tangible assets for the purpose of diversification. Originally engaged in the trade of precious metals across varying quantities, the company underwent a significant business model overhaul. By 2022, their strategic shift was evident, with a strong emphasis on offering smaller increments of precious metals and a well-defined approach to more frequent shipments facilitated by wholesale drop-ship services.
A noteworthy milestone in their evolution is the elimination of the minimum purchase requirement that was once a stipulation for regular investments in precious metals. Notably, recent updates to their website underscore the owner’s deliberate choice to terminate online marketing endeavors, underscoring a deliberate pivot away from conspicuous advertising efforts for the enterprise.
Address: PO Box 1221, Missoula, Montana, 59806, United States
Timings: (Monday-Friday) 10 A.M to 5 P.M
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People Behind Montana Rarities: CEO, Owner, Co-Founders & MoreWho owns Montana Rarities? What is the management team behind Montana Rarities?
A notable limitation and drawback associated with Montana Rarities is the absence of accessible information pertaining to its ownership structure, CEO, and other members of the management team.
Transparency is Important
All gold IRA companies are NOT the same. We’ve done the hardwork for you and found the most transparent gold IRA company with the highest rating by customers.
One of the primary implications of this limitation is the potential impact on the company’s credibility and trustworthiness. Customers often seek to understand the expertise and background of the individuals steering a business, as this information lends insight into the company’s ethos, values, and commitment to delivering quality products and services. The absence of this information can lead to apprehensions about the legitimacy of the company and its operations.
In the absence of information about the leadership team, potential customers might face difficulties in making informed decisions about engaging with Montana Rarities. Investors often consider the experience and reputation of the leadership when evaluating the credibility and reliability of a business. The lack of visibility into the people responsible for the company’s strategic direction and day-to-day operations might lead potential customers to second-guess their choice and seek alternatives that provide clearer leadership transparency.
Transparency in leadership information is considered an industry standard, particularly in sectors like precious metals trading and investment. Reputable companies often share information about their leadership team on their website and other communication channels, fostering an environment of openness and trust. Montana Rarities’ omission of this critical information places it at odds with industry norms and potentially puts it at a disadvantage when compared to other companies that prioritize transparency.
Montana Rarities Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Montana Rarities
The company claims to stand out as a comprehensive source for a wide range of precious metals, offering customers the opportunity to invest in gold, silver, and platinum. This diverse collection of precious metals caters to various investment preferences and showcases the company’s commitment to providing a broad array of choices for its clientele.
Gold Collection: A Showcase of Prestigious Pieces
Within Montana Rarities’ catalog, their gold collection emerges as a highlight, featuring a selection of highly esteemed items that hold both historical significance and investment potential. This collection includes iconic pieces like American Gold Eagles, renowned for their artistic design and authenticity. American Gold Buffalos, cherished for their unique design and pure gold content, stands as another prominent offering. Australian Gold Philharmonics, Canadian Maple Leaf coins, China Pandas, and Great Britain Gold Britannia coins further enrich the gold assortment, presenting investors with a global array of options.
For enthusiasts of unique and foreign gold, Montana Rarities extends their selection to include Austria Gold 4 Ducats and Argentina Gold 5-Pesos. These items not only diversify the range but also cater to collectors and investors seeking distinctive pieces from different corners of the world.
Silver Selection: Exploring the Richness of Silver
Montana Rarities’ commitment to variety extends to their silver offerings, catering to those interested in the white metal’s potential. Investors and collectors can delve into a selection that encompasses various silver forms. This includes silver bullion, coins, collectible silver coins, and specialty silver items that distinguish the collection.
Among the prominent items are Monarch Silver bars, providing a tangible investment opportunity in convenient bar form. Silver Eagles, a sought-after choice among collectors, are also available, showcasing iconic American designs. Buffalo Indian Head rounds, evoking the spirit of American history, offer another layer of diversity within the silver range. Valcambi Silver Combibar adds a touch of innovation, allowing for easy divisibility and flexibility in silver investment.
Montana Rarities also boasts an intriguing range of collectible silver items. Notable among these are Monarch building blocks, alien head designs, and Day of the Dead Sugar Skull Rose products. This eclectic mix caters to those seeking silver pieces that hold both investment and aesthetic value.
Platinum, Rhodium, and Palladium: A Precious Trinity
In addition to gold and silver, Montana Rarities extends its offerings to include platinum, rhodium, and palladium—a testament to the company’s commitment to offering diverse investment options. The platinum selection features items such as Englehard platinum bars and Pamp Suisse bars, renowned for their purity and quality. For those interested in Canadian precious metals, the collection includes Canada platinum Maple 1 Troy coins, adding a distinctive touch to the range. Canadian Palladium Maple 1 Troy coins round out the selection, showcasing Montana Rarities’ holistic approach to providing a comprehensive spectrum of precious metals for investment.
In sum, Montana Rarities claims a selection that reflects not only its dedication to catering to a wide range of investor preferences but also its commitment to quality, authenticity, and diversity in the world of precious metals investment.
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How to Invest in Montana Rarities IRA?Step-by-step guide for investing in Montana Rarities IRA
To invest in a precious metals IRA through Montana Rarities are the general steps:
Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with Montana Rarities to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or rollover funds into the new account.
Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as Montana Rarities.
Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from Montana Rarities in this area.
Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.
However, I don’t recommend opening an IRA with Montana Rarities. Why? Because there are plenty of better options available for you.
Opening a precious metals IRA is a major 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.
Understanding Buyback and Discount Structures by Montana Rarities
Montana Rarities offers a buyback program, wherein customers can sell back their precious metals purchases. Notably, this option is exclusively available for items bought through Montana Rarities. The buyback pricing takes into account the company’s profit margins, as it is a business entity. Initiation involves contacting the company via email and disclosing the purchased metals intended for sale. Customer service representatives assess the purchased items and determine the applicable pricing. Once an offer is made, the process for receiving payment is explained.
Montana Rarities also provides a discount pricing page, showcasing special offers on precious metals. These deals often stipulate a minimum purchase quantity to qualify for the discount. For instance, in 2023, a 1.3% discount on silver is accessible with a minimum purchase of 100 ounces. The minimum base quantities for gold, platinum, and palladium are five ounces, entailing a 0.70% discount. To obtain a quote for a purchase, customers can reach out via email or the provided local phone number. Notably, purchases of $7,500 or more necessitate a wire transfer on the day of the transaction to avoid potential order cancellation. Orders exceeding $1,000 qualify for complimentary shipping. Delivery timelines vary depending on shipping methods, with wholesale drop-shipping taking one to four days after payment clearance, while direct shipments from Montana Rarities’ location expedite delivery using UPS and FedEx.
Montana Rarities Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
Presently, Montana Rarities exclusively extends its sales services to residents of the United States, including its territories and states.
A standardized shipping and handling fee of $29 will be levied on orders below $1,000. However, a refreshing change comes with orders surpassing this threshold – all shipping costs are waived, offering you the convenience of cost-free shipping.
In addressing the delicate balance between customer satisfaction and practicality, this approach is adopted. You hold the reins: either opt for the shipping fee, elevate the order value to exceed the threshold, or decide against placing an order altogether.
Orders dispatched by Montana Rarities undergo shipment via US Mail utilizing the Ground Advantage service (formerly recognized as First Class Package) or Priority Mail. Typically, the expected delivery window spans 2 to 4 days.
For orders fulfilled by precious metals wholesalers through drop-shipping, dispatch generally occurs within 2 to 4 days contingent upon availability and operational demand. When furnishing quotes, we will provide estimates regarding shipping timelines.
Every shipment is comprehensively insured, with the additional stipulation that orders exceeding $400 mandate a Signature Confirmation upon delivery.
Companies like Augusta charge ZERO fees for up to 10 years, allowing you to choose your own gold & silver. Montana Rarities on the other hand provide fewer options.
Montana Rarities Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the Montana Rarities reviews & complaints
One of the most notable drawbacks and limitations associated with Montana Rarities is its absence of a discernible profile, reviews, or ratings on prominent online platforms such as Better Business Bureau, Trustpilot, Trustlink, Yellow Pages, Business Consumer Alliance, Google, and Yelp. This deficiency in online presence and customer feedback mechanisms can be seen as a significant limitation, potentially affecting the credibility and transparency of the company’s operations.
In an era where consumers heavily rely on online reviews and ratings to make informed decisions about businesses, the absence of Montana Rarities from these platforms raises concerns about the legitimacy and trustworthiness of the company. Lack of online reviews not only prevents potential customers from gauging the quality of the company’s products and services but also hinders the ability to assess customer satisfaction levels and any potential issues faced by previous buyers.
Furthermore, the absence of a presence on established platforms could potentially be interpreted as a lack of transparency or an unwillingness to engage with customers and the broader online community. The absence of verified customer experiences and feedback may lead to uncertainty for prospective customers, making them more hesitant to engage in transactions with the company.
In a competitive market where credibility and reputation play a pivotal role in building customer trust, Montana Rarities’ lack of visibility on reputable review and rating platforms stands out as a significant drawback. The absence of a well-documented track record leaves potential customers with limited means to assess the company’s reliability, product quality, and customer service, which could deter them from choosing Montana Rarities as their preferred precious metals provider.
You can get a free guide on gold IRAs below. It will help you understand the process:
Is Montana Rarities Legit? Should You Invest With Them?Is Montana Rarities a scam or legit? Are they worth it?
Investing in precious metals serves as a strategy for acquiring tangible assets that remain insulated from inflation and retain value over time. Montana Rarities claims to offer a valid avenue for such investments, with its comprehensive range of precious metals and IRA programs. While the company exhibits commendable traits, potential investors are advised to explore alternative options in the market, as there may be superior alternatives available.
Whether or not this company is a legitimate company is a matter of opinion. Montana Rarities seems to stand as a legitimate and reasonable entity, this detailed review suggests that more suitable alternatives may exist for those seeking the best outcomes in their precious metals investments.
Before you make any final decision, I recommend checking out our top gold IRA providers.
There, you will find out what the industry’s best has to offer. Also, it will ensure you make an informed decision.
Or, you can check out the best gold dealer of your state below:
Plenty of discounts
Limited online presence
Not a BBB-accredited business
Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.