Nationwide Coin Bullion Reserve Reviews

Nationwide Coin Bullion Reserve Reviews
National Coin Bullion Reserve
Verdict
National Coin Bullion Reserve is an impressive bullion dealer but it's not the best. I recommend checking out our top recommendations to see what the industry leaders can offer you.
Fees & Charges
Honesty & Transparency
Reputation
Customer Service
Pros
Decent product selection
Over a decade of experience
Cons
Lack of transparency
Received mixed reviews
Not a BBB-accredited business
2.7
Expert Score

What is Nationwide Coin Bullion Reserve?Nationwide Coin Bullion Reserve Locations, Timings, Email, Phone, Services

Nationwide Coin and Bullion Reserve is a Texas-based company that specializes in selling bullion bars, bullion coins, and numismatic coins. They offer a range of products issued by both U.S. and foreign governments. The company was established in 2009 and claims to have over 100 years of combined experience dealing with precious metals.

Their goal is to provide high returns on their client’s investments and serve both beginner and professional precious metal investors. They also offer IRA-eligible products, allowing customers to include precious metals in their retirement portfolios. Nationwide Coin and Bullion Reserve claim to offer products at prices below retail.

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The company operates online and serves customers in North America and across Europe. They emphasize the importance of owning gold-backed IRAs and precious metals to diversify and protect assets in uncertain economic times. Their team of account executives is qualified to assist clients in identifying profitable investment opportunities in gold, silver, and platinum.

Nationwide Coin and Bullion Reserve sell a variety of products, including government-issued coins, rare American coins, bullion coins, and bullion bars. They provide customer service and expert assistance, aiming to act in the best interests of their customers.

LOGO of the Nationwide Coin Bullion Reserve
  • Address: 2000 S Dairy Ashford Rd Ste 170 Houston, TX 77077-574
  • Phone: 1.855.914.4288
  • Website: https://nationwidecoins.com/
  • E-mail: dfogo@nationwidecoins.com

People Behind Nationwide Coin Bullion Reserve: CEO, Owner, Co-Founders & MoreWho owns Nationwide Coin Bullion Reserve? What is the management team behind Nationwide Coin Bullion Reserve?

Nationwide Coin And Bullion Reserve boast a team of highly skilled and knowledgeable professionals who excel in the precious metals industry. Their expertise covers various domains, including numismatics, economics, trend analysis, and the evaluation of precious metal rarities. With their extensive experience and proficiency, the experts at Nationwide Coin And Bullion Reserve are confident in their ability to assist investors and clients in maximizing the potential of their investment portfolios and securing their financial future.

While the company’s website does not provide specific information about the management team, LinkedIn reveals that the current CEO of Nationwide Coin And Bullion Reserve is Mr. Lawrence Kuykendall and the Managing director of the company is Mr. David Aguinaga. However, there is limited information regarding both people on their LinkedIn profiles.

According to the BBB website, Mr. Turner M Jones serves as Chief Operations Officer for the company, Mr. Donald Fogo serves as Compliance Director and Ms. Gina Wells works as Chief Financial Officer of the company.

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Nationwide Coin And Bullion Reserve face a challenge when it comes to transparency regarding their management team. The limited information available online leaves potential customers and stakeholders with unanswered questions about the individuals responsible for the company’s operations. Without specific details about the qualifications, expertise, and track record of the management team, it becomes difficult to assess the credibility and reliability of the company.

Transparency in corporate governance is essential for establishing trust and fostering positive relationships with stakeholders. By providing comprehensive information about the management team, companies demonstrate their commitment to accountability and enable stakeholders to make well-informed decisions and evaluations about the organization.

Nationwide Coin Bullion Reserve

Nationwide Coin Bullion Reserve Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Nationwide Coin Bullion Reserve

Nationwide Coin And Bullion Reserve offers a wide range of products, including precious metals and numismatic coins. While precious metals like gold and silver bullion have intrinsic value, numismatic coins carry a higher level of risk since their worth depends on market demand. If there is little demand for these coins when you want to sell them, you may incur a loss.

The company’s product catalog features a variety of rare numismatic coins, including those from before 1933, rare modern coin sets, and rare international coins. Additionally, they offer the same bullion coins available through many other brokerages.

If you’re interested in setting up a precious metals Individual Retirement Account (IRA), Nationwide Coin And Bullion Reserve can assist you in rolling over your existing retirement funds. They also cater to average investors by offering gold and silver starting packages to help them enter the precious metals market.

Here is a breakdown of the different forms of precious metals you can purchase from Nationwide Coin And Bullion Reserve:

Gold:

  • Gold Eagles
  • Anniversary Coins
  • Gold Buffalos
  • Indian Head Quarter Eagles
  • Liberty Gold
  • Pre-1933 Gold Coins

Silver:

  • Silver Eagle
  • Mercury Dimes
  • Kennedy Silver Half Dollars
  • Silver bars

They also deal in palladium and platinum, specifically American Eagles.

Products offered by Nationwide Coin Bullion Reserve
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In terms of services, Nationwide Coin And Bullion Reserve provide an e-commerce facility for convenient online transactions. They offer a range of bullion bars, bullion coins, and numismatic coins. However, it’s important to note that their services are currently limited to the state of Texas.

How to Invest in Nationwide Coin Bullion ReserveIRA?Step-by-step guide for investing in Nationwide Coin Bullion Reserve IRA

To invest in a precious metals IRA through Nationwide Coin Bullion Reserve, here are the general steps:

  1. 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 Nationwide Coin Bullion Reserve to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.

  2. 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.

  3. 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 Nationwide Coin Bullion Reserve.

  4. 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 Nationwide Coin Bullion Reserve in this area.

  5. 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.

IRA Services of Nationwide Coin Bullion Reserve

However, I don’t recommend opening an IRA with them. 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.

Learn More About Gold IRA

Are you unfamiliar with how gold IRAs work? Then, you should check out this free guide below:

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Nationwide Coin Bullion Reserve Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?

Nationwide Coin And Bullion Reserve determine the pricing of its products based on the prevailing demand and supply for each item. The prices can vary, and here are some examples of the price range for certain products:

  • A one-ounce Silver Eagle coin typically ranges around $22.00.
  • For a 1/10-ounce Gold Eagle, the price is generally around $148.

When it comes to government-issued coins like the $50 one-ounce gold American Eagle, the prices usually start at approximately $1,736.

One of the notable advantages offered by the company is free shipping for all customers who make a purchase through their website. Regardless of the size, quantity, or value of the order, customers qualify for free shipping. This eliminates any barriers to accessing this benefit.

Once a customer places an order online, a specialized team within the company takes charge of fulfilling and shipping the precious metal products. The shipping times may vary depending on the customer’s location and whether it is during a holiday season. However, once the order is processed and confirmed, customers can typically expect to receive their products within 7-10 business days. Every customer, regardless of the size or weight of their order, enjoys the convenience of free shipping. There are no specific requirements regarding quantity or price point that need to be met to qualify for this service.

Process of Buying:

The process of buying from Nationwide Coin & Bullion Reserve is straightforward and user-friendly. Customers can easily browse the company’s online catalog, select their desired items, and place an order. Once the order is processed, the coins or bullion will be promptly shipped using FedEx.

It is advisable for customers to consider investing in a reliable storage option, such as a safety deposit box at a bank. Storing precious coins in a secure location outside of their homes minimizes the risk of theft or damage.

As a token of appreciation for their first purchase, customers receive a Welcome Kit from the company. This kit includes a free two-year subscription to two different precious metals magazines, providing valuable insights and keeping customers informed about the latest market developments.

Pricing for the items in the company’s catalog can fluctuate on a daily basis. The prices are influenced by the market value of the precious metals as well as the market demand for rare numismatic coin sets. Numismatic sets, being riskier investments due to their value being dependent on demand, require careful consideration.

Contact with Nationwide Coin Bullion Reserve

Payment Options:

Customers have various payment options available when purchasing products from Nationwide Coin & Bullion Reserve. They can choose to pay using Visa, MasterCard, American Express, cash, or check. These payment methods are widely recognized and trusted by people worldwide for their reliability and security.

Companies like Augusta charge ZERO fees for up to 10 years and allow you to choose your gold & silver. Nationwide Coin Bullion Reserve on the other hand provides fewer options.

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Nationwide Coin Bullion Reserve Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the Nationwide Coin Bullion Reserve reviews & complaints

Better Business Bureau (BBB):

On the Better Business Bureau website, Nationwide Coin Bullion Reserve has no BBB rating. They are since 14 years in the precious metals industry. The business has 27 customer reviews on this website. The company has 3.7 stars out of 5 stars ratings on BBB. A total of 11 complaints have been filed or closed in the last 3 years. This business is also not BBB accredited on Better Business Bureau website.

The BBB is a nonprofit organization that provides information and ratings on businesses based on various factors such as customer complaints, transparency, and business practices. The BBB rating system ranges from A+ (highest) to F (lowest). There is also a rating called “NR” (Not Rated) that signifies a business does not have enough information available or has chosen not to be rated by the BBB.

BBB Review of Nationwide Coin Bullion Reserve

In the context of BBB ratings, “NR” indicates that the business does not have a rating assigned to it. This could be due to various reasons, such as the business being relatively new, limited customer interactions, or insufficient information available for evaluation.

Non-accreditation refers to a business not being accredited by the BBB. Accreditation is a voluntary program offered by the BBB, where businesses can choose to become members and adhere to certain standards and guidelines. Accreditation is not necessary for a business to operate, but it can demonstrate a commitment to ethical business practices and customer satisfaction.

It’s important to note that an NR rating or non-accreditation simply means that there may be limited information available about the business’s practices or that they have chosen not to participate in the BBB’s rating or accreditation programs. It’s always a good idea to conduct additional research and gather more information from various sources before making decisions about a particular business.

Site Jabber:

On-Site Jabber, Nationwide Coin Bullion Reserve has 5 stars out of 5-star ratings based on only 1 customer review. The review is favorable, with customers commending the company’s customer service, knowledge, and prompt delivery.

Site jabber Review of Nationwide Coin Bullion Reserve

Google Reviews:

On Google, Nationwide Coin Bullion Reserve has 3.6 stars out of 5-star ratings based on customer reviews. There are 59 customer reviews on Google, and mostly all of them are positive, with customers praising the company’s excellent customer service, professionalism, and expertise.

Google Review of Nationwide Coin Bullion Reserve

Trustpilot:

Nationwide Coin Bullion Reserve has a rating of 4.5 stars out of 5 stars on Trustpilot, based on 728 customer reviews. The reviews provided mostly are positive. The customer praised the company’s customer support service, rapid delivery, and expertise. They are with excellent ratings on Trustpilot.

Trustpilot uses a review-based system, allowing customers to share their opinions and experiences openly. The ratings are based on the overall feedback and reviews received from customers, considering factors such as product quality, customer service, delivery, and overall customer experience. An “excellent” rating indicates that a significant number of customers have had positive experiences and would recommend the company to others.

Trustpilot Review of Nationwide Coin Bullion Reserve

Business Consumer Alliance (BCA):

On Business Consumer Alliance, Nationwide Coin Bullion Reserve has AA ratings with 4 stars out of 5 stars in their BCA account. Only 14 customers reviewed them on BCA. They are Proud members of BCA since 07/18/2018. They are in business for 14 years. Overall, all the customers provided positive reviews of the company and its services. But there are some negative reviews too.

The AA rating on the BCA rating scale represents a high level of confidence and satisfaction with a business. BCA is an organization that provides ratings and reports on businesses to help consumers make informed decisions. The BCA rating scale ranges from AAA (highest) to F (lowest), with AA being a very positive rating. An AA rating indicates that BCA has assessed the business and determined it to be reliable, trustworthy, and responsive to customer concerns.

BCA Review of Nationwide Coin Bullion Reserve

To achieve an AA rating, a business typically demonstrates a strong track record of ethical business practices, prompt and satisfactory resolution of customer complaints, and a commitment to customer satisfaction.

BCA takes into account factors such as complaint history, licensing and government actions, advertising practices, and transparency of business operations when assigning ratings. An AA rating from BCA can be a positive indicator for consumers, suggesting that the business has a good reputation and is committed to delivering quality products or services while maintaining a high level of customer satisfaction.

Some Negative Customer Reviews:

#1. Hoang Nguyen expresses disappointment with Nationwide, stating that he referred a friend who needed assistance purchasing the introductory offer coin. However, despite having a different address, the operator treated him disrespectfully and refused to allow the purchase. This experience has led Hoang to conclude that Nationwide has lost its business.

NEGATIVE RREVIEW

#2. Marvin A. reports experiencing several issues with this company following the billing of his credit card. When he requested to speak with a supervisor, Eric hung up on him, which added to the frustration. Despite making 10 calls within a 1 1/2 week period, Marvin has not received an invoice or tracking number. He expresses confusion as to why his concerns are not being addressed, considering he has spoken with multiple salespersons without any resolution.

NEGATIVE RREVIEW

Some Positive Customer Reviews:

#1. Anson Tsui had a positive experience working with Eli, who provided excellent assistance throughout the process. Anson highly recommends their services to anyone interested in acquiring gold for stacking purposes.

POSITIVE RREVIEW

#2. Rena B. recently received her package containing the 2018 Australia $100 1-oz Gold Dragon Rectangular Proof. She expresses her gratitude and appreciation, noting that the item is both rare and matches the description perfectly.

POSITIVE RREVIEW

#3. Claudio Ramirez would like to share his experience of purchasing from Nationwide Coin & Bullion Reserve. He expresses his satisfaction with the service provided by agent Austin Cohen, emphasizing Austin’s understanding and exceptional professionalism. Claudio concludes by expressing his gratitude to Austin for his assistance.

POSITIVE RREVIEW

#4. Brandon C shares his positive experience working with Michael Howard at Nationwide Coin Bullion Reserve, describing it as a wonderful and personalized experience. He expresses satisfaction with the quality of the coins purchased, stating that they exceeded his expectations. Brandon C concludes by expressing his intention to continue doing business with NCBR in the future and extends his gratitude.

POSITIVE RREVIEW

#5. Suk Tompkins believes that this website is the ultimate destination for purchasing 1oz gold coins. They emphasize that investing in 1oz of gold is superior to investing in silver due to its higher value.

POSITIVE RREVIEW

Is Nationwide Coin Bullion Reserve Legit? Should You Invest With Them?Is Nationwide Coin Bullion Reserve a scam or legit? Are they worth it?

No, I would not recommend doing business with them.

While they are a legitimate company, they have plenty of red flags as well. Certainly, they are not the best option for you.

Pros:

  • Decent product selection
  • Over a decade of experience

Cons:

  • Lack of transparency
  • Received mixed reviews
  • Not a BBB-accredited business

Before you make any final decision, I recommend you check out our list of the best gold IRA companies. There, you can find what the industry leaders have to offer.

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