Southern Coins And Precious Metals Reviews

Southern Coin and Precious Metals
Southern Coins and Precious Metals
Southern Coins and Precious Metals is a bullion dealer with an impressive product catalog. However, they don't focus on precious metals IRAs. So, they are better suited for numismatists and not investors.
Fees & Charges
Honesty & Transparency
Customer Service
BBB-accredited business
Decent product selection
Doesn't offer IRAs
Doesn’t disclose fees & charges
Limited payment options offered
Expert Score

Southern Coins And Precious Metals has been owned and operated by the same family in New Orleans for over 40 years. Since 1977, the company claims that they have been a numismatic industry leader, proudly serving a nationwide clientele.  

Southern Coins And Precious Metals Review

The company offers clients a variety of services, including secure online ordering, live spot pricing, and numismatic industry news.

What investors want to know is whether or not the company is legitimate. Is it worth putting money into them? And do they offer precious metals IRAs?

In this review, I will answer all of these questions and, lastly, I will recommend my best option for you to have a better retirement.

What is Southern Coins And Precious Metals?

Southern Coins And Precious Metals claims to be Louisiana’s only coin firm with four members of the Professional Numismatists Guild on staff. 

Also, this company is the only member of PNG’s Accredited Precious Metals Dealer Program in Louisiana.  SCPM has a team of experienced professional precious metal traders and numismatists.

Southern coins and precious metals website

Southern Coins & Precious Metals buys and sells all forms of gold, silver, platinum, and palladium. SCPM has you covered if you’re looking for regularly traded bullion, coins to scrap gold or sterling silver.  

SCPM is a member of various organizations, including the American Numismatic Association, Florida United Numismatists, Central States Numismatic Association, and others.

Despite the fact that SCPM’s team is small, they claim to focus on the customer experience. Whether you’re looking to purchase or sell coins, they encourage you to contact them with any queries you may have.

How does Southern Coins And Precious Metals work?

There are various ways to buy or sell precious metals to this company, the four most common being:

  • Visiting their physical location to buy or sell precious metals or other listed products.
  • By mailing the products you want to pay out, you can sell your precious metals or precious metal products to this company. You will receive free appraisals in person or via mail.
  • Buying precious metals by calling to order the items you want. 
  • Buying precious metals by placing your order using this company’s e-commerce platform.

What Products does Southern Coins And Precious Metals offer?

Southern Coins And Precious Metals has a wide range of products for investors and collectors. If you’re looking for a wide choice of products to meet your needs, SCPM won’t let you down.

Let’s take a closer look at the company’s offerings:

Gold and silver coins


When it comes to gold, investors and collectors have several options, including American Buffalo, American Eagle, American Buffalo, Australian, Bars, Canadian Maple Leaf, and more. 


SCPM offers a wide range of silver coins, including the American Eagle, Australian, Britannia, Canadian Maple Leaf, Rounds, and others.


Investors and collectors will be able to choose from a variety of platinum items, including American Eagle and Bars. 

Numismatics & Currency

SCPM also provides a wide range of other numismatic products and currencies.

Southern Coins And Precious Metals’ Selling Option 

You can sell to SCPM if you want to do more than just buy coins and precious metals. Southern Coins & Precious Metals encourages anyone who wants to sell gold, silver, platinum, palladium, coins, and currency to them.   

Southern Coins

SCPM claims that if you have coins, currency, US or international coins, or any other items made of gold or silver, SCPM will provide an appraisal to evaluate the value of your assets.   

SCPM also stated that they use email or text images of coins to decide if you have something worth looking at in person. Here’s a deeper look at what Southern Coins & Precious Metals will buy from you: 


SCPM buys precious metals from people who want to sell their coins and precious metals. SCPM claims to offer competitive rates and will confirm prices over the phone.  


Customers can also mail numismatic material to SCPM’s office in Louisiana, according to the company. They will appraise your coins and make you an offer on the same day they are received.

According to SCPM, they normally buy the majority of the items that are provided to them.  


Scrap gold is also purchased by Southern Coins & Precious Metals. They carefully assess the metallic content of your things and provide you with the best market price.

They do this by using advanced methods to precisely determine the gold content of your items. If needed, x-ray fluorescence spectrometer analysis and melt assay can be used. 

My Recommended Southern Coins And Precious Metals Alternative

I don’t recommend investing in a gold IRA with Southern Coins And Precious Metals. Why? Because they don’t specialize in this area.

I recommend going with our top-rated company: Augusta Precious Metals. You can check out my review of them here.

Augusta Precious Metals logo

Augusta Precious Metals is regarded as one of the most trustworthy companies in the market. Their company was founded in 2012, and their main goal is to help their clients have a better retirement.

Thousands of good reviews about their products and services can be found on numerous websites. This shows how successfully they achieve their tasks and handle their customers regardless of their needs.

Augusta Precious Metals maintains its leadership position by providing its clients with educational resources. This is excellent for people who need more field experience and understanding.

It is also significantly easier to open an account with them. You will still have to deal with paperwork, but they will assist you through the process to ensure everything is in order.

The only disadvantage of the company is its high minimum investment requirement of $50,000. Others may think this is overpriced, but rest assured that they will keep your assets and cash protected.


  • Kingdom Trust, which manages over $12 billion in assets, has been a long-term partner.
  • A wide range of products are offered.
  • A long list of coins
  • All orders receive free shipping.


  • The minimum investment cost is high ($50,000).

Why Should You Invest in Gold IRAs?

Gold IRAs are appealing to those who wish to diversify their retirement portfolio. Because gold prices tend to move in the opposite direction of paper assets, including a gold IRA in a retirement portfolio works as an inflation hedge. 

This balanced approach smooths out risk, especially over time, making it an excellent choice for retirement investments like IRAs.

Invest in Gold IRAs

As a Mint director, Moy says there was little demand for gold IRAs since they involve complicated transactions that only the most patient investor was ready for. “You must find a trustee or custodian for the IRA, as well as an approved depository.”

“You must then purchase the approved gold or other precious metal and have it transferred to the depository in such a way that the custodian can account for it,” Moy says.

Major banks including Signature Bank and Silicon Valley Bank collapsed this year. Retirees like you and me lost millions of dollars while the whitehouse got a bailout. I have personally invested in precious metals and made serious returns. You can request a free guide on gold investingusing the button below:

However, gold IRAs have grown in popularity dramatically since the 2007-2008 financial crisis and the ensuing Great Recession. 

With record gold sales and the formation of many more organizations to manage and simplify transactions, investing in a gold IRA has become a one-stop shop. As a result, gold IRA growth has been solid.

Is It Worth Investing with Southern Coins And Precious Metals?

While they are a legitimate company, I don’t recommend them.


Because in my opinion, they are not the best precious metals dealer in the industry.

Southern Coins And Precious Metals is a legitimate precious metal and rare coin dealer in Louisiana.


  • BBB-accredited business
  • Decent product selection


  • Doesn’t offer IRAs
  • Doesn’t disclose fees & charges
  • Limited payment options offered

SCPM offers precious metals and rare coins to investors and collectors. They also provide free appraisals to anyone interested in selling items through them. 

However, because SCPM does not provide IRA services, it is not the ideal option for those looking for IRA.

I recommend you check out our top gold IRA providers. There, you can find what the industry’s leaders have to offer.

Alternatively, you can check out the best gold dealer of your state below:

Find the best Gold IRA company in your state