Reyes Jewelry Exchange has a decent product catalog. If you're looking to sell gold/silver jewelry, you can go with them. However, for those interested in retirement investments, I recommend checking out our top recommendations instead.
What is Reyes Jewelry Exchange?Reyes Jewelry Exchange Locations, Timings, Email, Phone, Services
Reyes Jewelry Exchange claims to have gained a reputation for showing the greatest integrity, flawless professionalism, and exceptional service as a family-owned and operated business with an impeccable 20-year track record.
They pay top prices for every type and quality of gold, platinum, silver, diamonds, coins, and old jewellery.
Reyes Jewelry Exchange is a full-service precious metals dealer with vast refining knowledge and a large investor base. Because of these efficiencies, Reyes can pay you more than other gold dealers.
Their team is interested in long-term partnerships rather than one-time transactions. Reyes Jewellery Exchange offers the industry’s most straightforward and transparent transactions.
The Reyes Team claims to make customers feel at ease. They welcome your business and look forward to putting cash in your pocket.
Reyes Jewelry of Ellicott City is the greatest site to sell gold. As Baltimore’s highest-paid gold buyer, they claim to always pay the most cash for gold.
Address: 8186 Main St. Ellicott City, MD 21043-4952
Phone: +1 410-988-5038
All gold IRA companies are NOT the same. We’ve done the hard work for you and found the most transparent gold IRA company with the highest rating by customers.
People Behind Reyes Jewelry Exchange: CEO, Owner, Co-Founders & MoreWho owns Reyes Jewelry Exchange? What is the management team behind Reyes Jewelry Exchange?
The company provides no information about its founder or owner.
The lack of information on the company’s employees, owner, or founder on its website raises serious concerns, especially for those considering investments in precious metals. Understanding the company’s leadership is essential for making informed choices.
However, after a thorough research, I found that the Better Business Bureau (BBB) has identified David Reyes as the company’s President.
Later, on foxbaltimore.com I found an interview video sponsored by Reyes Jewelry Exchange:
So this video and BBB information suggest that David Reyes is the real owner who is running the company.
Reyes Jewelry Exchange Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Reyes Jewelry Exchange
The company’s core business model involves buying various precious metals from sellers and offering them cash in exchange. However, they do not sell precious metals to investors. This
might potentially disappoint investors looking for ways in the precious metals market. In such a case, it may be wise to look into alternate choices.
The following are a few items that the company states to buy:
Sterling Silver Flatware
Gold American Eagles
Gold Canadian Maple Leafs
Gold South African Krugerrands
Silver Vienna Philharmonics
Silver American Eagles
90% Silver U.S. Coin,
40% Silver U.S. Coin
Silver Canadian Maple Leafs
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Can You Invest in Reyes Jewelry Exchange IRA?Do They Offer A Precious Metals IRA?
No, Reyes Jewelry Exchange primarily serves customers by offering cash for their precious metals, but it does not provide investors with precious metals to buy or any IRA services. This may disappoint investors looking for an all-in-one for precious metals investments within an Individual Retirement Account (IRA).
This company fails to meet the requirements of customers who want to open a gold IRA account. Instead, investors looking for gold IRA choices can look into options and work with companies that specialise in facilitating gold IRAs.
It’s important to understand that the process of setting up a gold IRA includes choosing a reputable IRA custodian or trustee.
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.
Reyes Jewelry Exchange Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
As previously stated, Reyes Jewelry Exchange solely purchases precious metals from individuals and does not provide a platform for investors to buy such metals.
As a result, there is no section or information on their website about fees or charges related to purchasing precious metals.
The website briefly mentions the spot prices of gold, silver, platinum, and palladium in terms of precious metal information.
However, potential clients might benefit from more comprehensive and detailed data about these metals, such as historical pricing patterns, industry insights, or factors influencing the precious metals market.
Reyes Jewelry Exchange Reviews and Complaints: BBB, Yelp, GoogleRead all the Reyes Jewelry Exchange reviews & complaints
When it comes to the company’s reviews and ratings, Reyes Jewelry has received very few on any platform.
The company has been in operation for over 13 years, according to the Better Business Bureau website, however, they have only received 1 customer review, plus they are not a BBB-accredited business.
The good thing is that they have, however, got an A+ rating.
On Yelp, which is one of the most regarded business-consumer review and rating platforms, the company has received a 4/5 star rating based on a total of 4 customer reviews, which is again not enough numbers to trust a company.
These reviews are both positive and negative by customers.
On Google, Reyes Jewelry Exchange has received finally a few customer reviews, there they have received a 3.2/5 star rating based on a total of 32 customer reviews.
A few customers have praised the company saying that David provided a totally fair price for metals and he was Informative and straight to the point.
However, the company has received some negative reviews too.
Reyes Jewelry Exchange has received #11 complaints on Google
The company has received several unresolved complaints from customers. There are also several unresolved negative reviews on different platforms. Our #1 rated gold IRA company has ZERO unanswered complaints on BBB.
Is Reyes Jewelry Exchange Legit? Should You Invest With Them?Is Reyes Jewelry Exchange a scam or legit? Are they worth it?
I believe you have many better options than Reyes Jewelry Exchange.
Reyes Jewelry Exchange claims a full-service precious metals dealer with vast refining knowledge and a large investor base.
However, this company has a number of serious flaws, including not offering precious metals to investors to purchase, not being transparent about its team members, having multiple customer complaints, and not being a BBB-accredited business.
Also, they do not offer IRA services.
All of this suggests that you should look into other companies instead.