Sahara Coins and Precious Metals Review – A Quick Overview
Sahara Coins and Precious Metals is a rare coin dealer based in Las Vegas, Nevada.
They have been in business for more than 40 years and are reputed for having a varied selection of rare collectibles.
The company runs the Super Coin Brothers podcast and has a Coin Education page to help investors learn about popular coins’ specifications.
However, the company has received mixed reviews from customers and does not offer any IRA services to clients.
Pros:
- Over 40 years of experience
Cons:
- Lack of transparency
- No IRA services
- Mixed reviews
Table Of Content
What is Sahara Coins and Precious Metals?
Sahara Coins and Precious Metals is a precious metals dealer based in Las Vegas, Nevada. Their address is 7293 W Sahara Ave #106, Las Vegas, NV 89117 and their contact number is 702-367-4360.
Their store opens from Monday to Friday from 9:30 am to 4:30 pm.
The company focuses on buying and selling rare coins, bullion and US coins. They began their operations in 1975 and have grown substantially over the years.
Their storefront displays their large selection of rare coins and can be a great place for any numismatist. Some of their affiliations include:
- Professional Numismatic Guild
- NGC
- PCGS
- ICTA
- American Numismatic Association
Sahara Coins puts in a lot of effort into client education. It runs the Super Coin Bros podcast where they share information and anecdotes about historic coins and coin history. Moreover, the company has a dedicated Coin Education page to make beginners acquainted with popular collectible coins.
People Behind Sahara Coins and Precious Metals:
Surprisingly, Sahara Coins doesn’t share much information about its leadership team on its website. This can be pretty concerning for investors who value transparency.
Many precious metals dealers openly share information regarding their management. Some examples include Harlan J Berk, JJ Teaparty and McAlvany ICA.
A 2016 study showed that 94% of customers prefer companies with transparency over those that aren’t.
So, it was quite disappointing to see that Sahara Coins and Precious Metals doesn’t share much information about its management or leadership team on its website. There is no ‘About Us’ page as well.
However, the website mentions the names of a few staff members:
- Jonathan Ohkawa (Senior Numismatist)
- Fernando Guzman (Numismatist)
The only person connected to Sahara Coins I was able to find information about is Raymond Bryant, general manager of the enterprise.
He has been with Sahara Coins LLC for nearly 14 years. Raymond joined the company as an IT Manager and advanced to the role of general manager within 2 years.
Prior to this company, he was at Apple.
Raymond Bryant has a AS Business Management and Marketing from Post University and multiple technical certifications including AWS Certified Cloud Practitioner and Google Ads Display Certification.
Can You Invest in a Gold IRA with Sahara Coins and Precious Metals?
No.
The company’s website does not mention gold IRA or related services. Similarly, there is no mention of IRA custodians on their website without which, you cannot open a gold IRA account.
Sahara Coins doesn’t offer gold IRA services and only focuses on buying and selling precious metals products. If you’re looking for a gold IRA or investing for your retirement, it would be best for you to look into a specialized firm such as Augusta Precious Metals and Birch Gold Group.
A specialized firm would provide you with a product catalog suitable for gold IRA investments.
You wouldn’t get that facility with Sahara Coins.
Sahara Coins and Precious Metals Products:
There is no information available on the website of Sahara Coins and Precious Metals about the products present in their catalog.
On their products page, they say that they are always trying to make products available to online buyers. However, certain online retail laws have made it difficult for them to list and sell products through their website.
They suggest buyers to head to their eBay listing.
At the time of writing this Sahara Coins review, their eBay listing doesn’t have any products.
According to various sources, I was able to find that they offer customers foreign coins, US coins, rare coins, gold, silver and platinum bullion as well as rare currency.
Some of the products you might purchase here include:
- Half Dollars
- Dollars
- Three Dollar Gold
- $2.50 Quarter Eagles
- Modern Commemoratives
- US Currency
- Certified Silver Eagles
- Foreign Coins
Sahara Coins and Precious Metals Fees and Cost:
Sahara Coins doesn’t offer any IRA services and are not affiliated with a custodian. Hence, there are no IRA fees.
The enterprise focuses solely on buying and selling collectible and bullion products.
Regarding pricing, the company says that they are unable to share their pricing details on the website.
If you want to learn about their prices, you would need to visit their store directly.
Additional Highlights of Sahara Coins and Precious Metals:
Apart from being one of the most experienced rare coin dealers, there are plenty of qualities that make Sahara Coins stand out. Here’s a quick overview of the same:
Coin Education
Sahara Coins and Precious Metals has a dedicated page for Coin Education on their website. There, they share fundamental information about different collectibles along with individual information on every coin.
The company says that things like weight, diameter and composition are extremely important when you’re trying to authenticate a coin and decide if you want to buy it.
Their Coin Education page links to various coin pages where you can see the pictures of authentic collectible coins and learn about their specifications.
Surely, these can be a great resource for any numismatist regardless of their experience.
You can use them as a reference when you’re purchasing collectible coins.
Super Coin Brothers Podcast
The team at Sahara Coins and Precious Metals runs the Super Coin Brothers podcast where they share information and anecdotes about historic coins.
If you’re a collector who takes interest in coin history, you would love this podcast.
Some of the topics you can expect to hear include famous coin hoards as well as market manipulation.
The company says that it believes every coin has a story and every coin collector has a coin story. Also, they interview industry leaders from various walks of life in some of their podcast episodes.
You can hear their podcast on iTunes and Spotify.
Sahara Coins and Precious Metals Reviews and Complaints:
Sahara Coins and Precious Metals has received a decent amount of client reviews on multiple consumer platforms.
Their Google listing has 75 reviews and an aggregate rating of 3.7 out of 5 stars. The positive reviews praise the company for its friendly staff and educational approach.
For example, Heather says that she has never been familiar with coins and wasn’t sure what to expect when she went to this store. She says that the staff was very helpful. They answered all of her questions and even explained the machine they used to test her coin.
On the other hand, there are several 1-star reviews which complain about inconsistency in the company’s behavior.
Vincent points out that he had received a quote over the phone but when he arrived at the store, they rescinded the offer. He tried to work with them but they didn’t budge saying they had made a mistake earlier.
Vincent highlights that he was a regular customer but would no longer return to the place.
On BBB, the company has an A+ rating but no customer reviews or complaints.
Similarly, the Yelp page of Sahara Coins and Precious Metals has 51 customer reviews and an aggregate rating of 3.5 out of 5 stars.
The mixed reviews are not a good sign and indicate that the company might not be as reliable as it claims to be. Customer reviews are one of the best metrics to gauge when you’re evaluating a company.
So, the average rating on multiple doesn’t look good for Sahara Coins.
Is Sahara Coins and Precious Metals Legit?
Yes, Sahara Coins and Precious Metals is a legit company. They have been in the industry for more than 40 years.
The company specializes in rare and collectible coins. You can find US coins, world coins and collectible currency notes in their product selection. Furthermore, the company has put in a lot of effort to help customers get more familiar with numismatics.
They run a podcast where they share historical information about different coins. Also, the company’s website has a Coin Education page where you can find coin-specific information to learn the qualities of authentic rare coins.
However, the company has received mixed reviews from customers on different platforms. They don’t share any information about the products present in their catalog on their website nor do they share any pricing data.
Due to these reasons, it might be difficult for investors to choose Sahara Coins and Precious Metals over other companies.
Summary: Should You Invest with Sahara Coins and Precious Metals?
Sahara Coins and Precious Metals is a suitable establishment for collectors based in Las Vegas, Nevada. However, I wouldn’t recommend them to any retirement investors because they don’t offer any gold IRA or related services.
There are plenty of precious metals dealers with much better product selections and expertise.
Finding the right gold IRA company might seem daunting but I have tried my best to simplify the process. You can check out my list of the best gold IRA companies and learn about what the industry’s top service providers have to offer.
What do you think about Sahara Coins and Precious Metals? Share your thoughts below!