Rocky Mountain Coin Review – A Quick Overview
Rocky Mountain Coin is a precious metal dealer based in Colorado.
They have two locations: one in Denver and another in Greenwood Village. The company has been in the industry for 45+ years and has an A+ rating on BBB.
They offer gold, silver, platinum and palladium bullion as well as collectible products.
However, they have received mixed reviews from customers and offer no IRA services.
Pros:
- Over 45 years of experience
- Good selection of rare coins
Cons:
- No IRA services
- No pricing details on the website
- Mixed reviews from customers
Table Of Content
What is Rocky Mountain Coin?
Rocky Mountain Coin is a gold dealer based in Denver, Colorado. Their Denver address is 538 S Broadway, Denver, CO 80209. Similarly, their contact number is 303-777-4653.
The company focuses on buying and selling gold and silver in different forms including coins, bars as well as collectible products. However, the company doesn’t mention any IRA services and hasn’t partnered with any custodians.
Rocky Mountain Coin provides customers with collectible US currency as well. They have been in the industry since 1976 and have two locations.
The address of their Greenwood Village location is 9625 E Arapahoe Rd. Ste C Greenwood Village, CO 80112 and its contact number is 303-768-8042.
Their online reputation is relatively positive and the company boasts of being the largest bullion dealer in Colorado.
People Behind Rocky Mountain Coin:
The founder and President of Rocky Mountain Coin is Klaus J. Degler. He has served as teh President of the Colorado Professional Numismatic Association and has been the chairman of multiple prominent coin shows.
Mr. Degler has more than 40 years of experience as the owner and manager of the firm. He has done consultants and appraisals for multiple state and federal agencies, legal firms, private individuals as well as banks.
These include the Colorado Museum of Natural History, General Services Administration and the Internal Revenue Service.
Another notable highlight is that Mr. Degler has been a member of the Professional Numismatists Guild for more than 30 years. PNG has a very strict set of criteria for selecting members and has less than 1000 members.
Also, Rocky Mountain Coin is a member of Numismatic Guaranty Corporation (NGC), Industry Council for Tangible Assets (ICTA) and Professional Coin Grading Service (PCGS).
Can You Invest in a Gold IRA with Rocky Mountain Coin?
No. Rocky Mountain Coin doesn’t have a specialization in IRA products.
Although their selection includes several IRA-eligible products, you might also encounter numerous non-IRA products. Adding ineligible products to your gold IRA can result in severe penalties, according to IRS rules.
Also, RMC doesn’t mention any preferred custodians on its website indicating they don’t have such partnerships.
Hence, it would be best for you to find a more specialized firm such as Birch Gold Group or Noble Gold Investments as their staff has expertise in this matter and the companies have partnered with specific IRA custodians.
Rocky Mountain Coin Products:
Rocky Mountain Coin has an impressive selection of precious metals to offer. You will find popular bullion coins and bars here including American Eagles, Canadian Maple Leaf coins, American Buffalo coins and more.
Here’s a more detailed overview of their product selection:
Gold Products:
RMC has a fairly decent selection of gold coins and bars. Some of the notable gold coins you can find here are:
- Swiss Gold Francs
- Austrian Gold Philharmonic
- Mexican Gold Centenario
- British Gold Sovereign
- German Gold Marks
- Canadian Gold Maple Leaf
- Saint-Gaudens Gold Eagle
Similarly, you will find 1 oz Gold Bars of various brands here.
Silver Products:
Their selection of silver products is just as impressive as their collection of gold coins and bars. They include:
- Canadian Silver Maple Leaf
- American Silver Eagle
- Peace Silver Dollar
- Kennedy Silver Half Dollar
- US 90% Silver Coins
And several more.
You may find many art coins in their selection as well such as the 1996 Atlanta US Olympics 16 Proof Gold and Silver coins.
Similarly, you will find silver bars of 1 oz, 10 oz, and 100 oz weights here.
Platinum Products:
Rocky Mountain Coin has several platinum coins and bars for consumers, including:
- Canadian Platinum Maple Leaf
- Australian Platinum Platypus
- American Platinum Eagle
- Isle of Man Platinum Noble
Moreover, they offer 1 oz palladium bars of multiple brands.
Palladium Products:
Their palladium collection includes the following products:
- American Palladium Eagle
- Rare & collectible palladium coins
A big drawback of their product selection is they don’t share any pricing information on their website. This can make price comparison rather difficult for most investors.
To learn about the prices of any coins or products, you would need to get in touch with their representatives directly. Colorado Gold, another Colorado-based gold dealer, shares their pricing details openly on its website.
Hence, it was surprising to see no pricing information on RMC’s website.
Other Products:
Apart from bullion and rare coins, RMC offers customers with many collectibles and supplies.
They offer stock certificates, rare comics, collector spoons, sports memorabilia, watches, autographs and many such items.
You might also find literal gold nuggets, trench art, civil war collectibles and rare currency in their product collection.
The company sells multiple metal detectors to customers as well.
Rocky Mountain Coin Fees and Pricing:
Rocky Mountain Coin doesn’t offer any IRA services so there is no fee-related information present on their website as well.
The company solely focuses on purchasing and selling precious metals from its customers. They haven’t partnered with any custodians either, which eliminates the possibility of any
third-party fees.
Rocky Mountain Coin Reviews and Complaints:
Rocky Mountain Coin has received multiple reviews on several customer platforms.
The BBB page of this company has an A+ rating but no customer reviews or complaints.
Their Trustpilot page has an aggregate rating of 4.4 out of 5 stars based on 12 Rocky Mountain Coin reviews.
Consumers there praise the company for having a great selection and fair pricing.
Here’s a client review for example. Ken points out that Rocky Mountain Coin is the finest coin shop he knows of. He recommends the company because of its product selection and terrific staff.
However, their Yelp page has a 3.5 out of 5 stars rating based on 35 reviews. A significant chunk of their Yelp reviews are negative. Most of the complaints mention rude behavior of the staff.
For example, Sergio highlights that the RMC employee they interacted with was very rude. The staff didn’t take any time to look at their coins and only made rude comments about the products.
However, the company owner responds to every complaint personally, which is a very positive highlight. It means Rocky Mountain Coin cares about customer service and satisfaction.
Is Rocky Mountain Coin Legit?
Yes, Rocky Mountain Coin is a legitimate coin dealer.
The company has been in the industry for more than 4 decades. It has an impressive selection of gold, silver, platinum and palladium products to offer to precious metal investors.
Moreover, they offer many collector’s items including watches, sports memorabilia, autographs and metal detectors.
The company’s founder and owner is quite reputed in the rare coins industry as well.
However, the company doesn’t offer any specialized IRA services and its product selection is mostly full of non-IRA products.
Another thing that might deter investors is the various Rocky Mountain Coin complaints available online.
Summary: Should You Invest with Rocky Mountain Coin?
For collectors, Rocky Mountain Coin might have a good product selection. However, I can’t recommend them for retirement investors because they are simply not the best in the industry.
There are plenty of other companies with large product selections and specialized services.
Finding the suitable gold IRA company might seem challenging. But I have done my best to make sure this process remains simple.
I have compiled a list of the best gold IRA companies which you can check out now. It will help you learn about what the industry’s best has to offer.