What are Treasure Island Coins?Treasure Island Coins Locations, Timings, Email, Phone, Services
Founded in 1976 by Greg Olson, Treasure Island Coins & Precious Metals has remained a steadfast presence, serving the Fargo, North Dakota area as the largest bullion dealer in the region and ranking among the prominent bullion dealers in the United States.
Throughout its history, the company has remained true to its roots as a family-owned and operated business. Treasure Island specializes in trading bullion and coins sourced from private and government mints worldwide, including the United States Mint, Royal Canadian Mint, Perth Mint, and others.
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In 2010, Christopher Olson, the Chief Executive Officer, established the Dakota Depository on the same premises as Treasure Island Coins. This purpose-built facility provides a secure storage solution for the assets of the company’s valued customers. The depository houses dedicated vaults to safeguard client assets and feature robust on-site security measures for comprehensive protection.
- Address: 1429 42nd St S Fargo, ND 58103
- Website: https://treasureislandcoins.com
- Phone: (701) 282-4747
- Email: sales@treasureislandcoins.com
People Behind Treasure Island Coins: CEO, Owner, Co-Founders & MoreWho owns Treasure Island Coins? What is the management team behind Treasure Island Coins?
GREG OLSON (FOUNDER):
Greg Olson, the esteemed founder of Treasure Island Coins, has been captivated by the allure of coins since he was a mere 10 years old. It was during those formative years that he first experienced the enchantment of numismatics when the United States switched from producing cents with the iconic Wheat design to the Memorial design. This transition sparked his fascination, and from that moment, Greg’s passion for coins only intensified with time.
In 1976, driven by his deep-rooted love for numismatics, Greg embarked on a remarkable journey, opening the doors to what would become a prestigious and enduring establishment – Treasure Island Coins. From its inception, the company bore the stamp of Greg’s dedication to his craft and a commitment to providing exceptional service to fellow coin enthusiasts and investors alike.
MATT DOLS (TRADER):
In 2013, Matt Dols became an integral part of the Treasure Island team, contributing his expertise and passion to the world of precious metals and numismatics. With his exceptional skills and dedication to the craft, Matt quickly established himself as a valued trader within the company.
Outside the bustling world of trading, Matt finds joy and fulfilment in the warmth of his family. He cherishes every moment spent with his loving wife and son, making the most of their time together and creating cherished memories that bind them as a close-knit unit.
As a trader at Treasure Island, Matt plays a pivotal role in facilitating transactions and ensuring clients have access to a diverse range of precious metals products. His dedication to the industry and genuine enthusiasm for numismatics shine through in every aspect of his work, leaving a positive impact on both colleagues and customers alike.
CHRISTOPHER OLSON (CEO):
Christopher Olson, the Chief Executive Officer of Treasure Island Coins, has a lifelong connection to the company that runs deep in his roots. From a young age, Chris was immersed in the world of precious metals and coins, as his father, Greg Olson, founded the business back in 1976.
As the CEO of Treasure Island Coins, Chris brings with him a unique blend of experience, combining his military background’s discipline and leadership with the deep knowledge and expertise passed down through generations in the precious metals and numismatic industry.
Outside of his professional responsibilities, Chris finds balance in his life through his cherished family. He shares his journey with his wife, Lisa, who provides unwavering support and stands beside him as a pillar of strength. Together, they are the proud parents of six children, a testament to the richness and joy that family life brings.
Chris’s dedication to both his family and Treasure Island Coins exemplifies his commitment to nurturing relationships and fostering a sense of unity.
Bailee Mclachlan (Marketing Assistant):
Bailee McLachlan is a talented and dedicated Marketing Assistant. His expertise in marketing and his passion for numismatics blend harmoniously to contribute to the company’s success.
From the moment Bailee joined the Treasure Island Coins team, it was evident that he possessed a keen understanding of marketing strategies and a genuine love for the world of numismatics. His journey into the realm of coins began at a young age, as he inherited a treasured collection of coins from his family.
As a Marketing Assistant, Bailee approaches his role with unwavering enthusiasm and a strong sense of purpose. He works tirelessly to craft compelling content that not only captures the essence of each precious metal product but also engages and resonates with its target audience.
Bailee’s responsibilities encompass a wide range of marketing initiatives. He collaborates closely with the marketing team to develop impactful campaigns, eye-catching visuals, and engaging social media content that showcases the diverse range of products offered by Treasure Island Coins.
Treasure Island Coins Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Treasure Island Coins
As a reputable dealer, the company prioritizes transparency and educates its customers about the eligibility of historic coins, some of which may not be suitable for inclusion in IRAs. This ensures that investors make informed decisions about their precious metals IRA holdings.
The company provides a comprehensive platform for individuals seeking to diversify their retirement portfolios with precious metals. Whether through self-directed IRAs or direct purchases, customers can count on the company’s expertise and dedication to making the process seamless, secure, and tailored to their unique investment goals.
During periods of economic prosperity, having an Individual Retirement Account (IRA) can yield significant earnings due to the power of compounding interest.
A viable strategy to safeguard investments during economic and market fluctuations is to diversify one’s portfolio by investing in precious metals such as gold, silver, platinum, and palladium. Precious metals have historically shown resilience during economic downturns, often increasing in value when traditional assets falter. Unlike traditional investments, banks do not control precious metals, which has further contributed to their popularity as a stable and long-standing method of building and preserving wealth.
Treasure Island’s product range is diverse, offering an array of government and private mint products, including U.S. and foreign coins and bars in gold, silver, platinum, and palladium. However, it’s important to note that choices for platinum or palladium products may be more limited, and customers are advised to consult with their representatives to confirm availability.
How to Invest in Treasure Island Coins IRA?Step-by-step guide for investing in Treasure Island Coins IRA
To invest in a precious metals IRA through Treasure Island Coins, here are the general steps:
- 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 Treasure Island Coins to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
- 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 roll over funds into the new account.
- 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 Treasure Island Coins.
- 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 essential to get guidance from Treasure Island Coins in this area.
- 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.
For individuals specifically looking for a precious metals dealer that offers IRA services and the associated benefits, they may need to explore alternative providers in the market.
I don’t recommend opening an IRA with Treasure Island Coins. 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 interested in gold IRAs? You can check out this free guide to learn how a gold IRA works:
Treasure Island Coins Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
Treasure Island Coins does not disclose its fees and charges on its website. This lack of transparency makes it difficult for potential customers to compare prices and make informed decisions about whether to do business with the company.
The only information about fees that is available on the website is a brief mention in the Terms and Conditions section. Returns for exchange of like-kind products in cases where the products arrive damaged during shipping or are not as described at the time of the Trade.
If the company cannot deliver Precious Metals Products as confirmed within a Trade within a reasonable time after the Estimated Availability Date, a refund will be issued. However, the policy does not specify any other fees, such as those for credit card purchases, shipping, or insurance.
This lack of transparency is concerning because it makes it difficult for customers to know how much they will actually pay for a product or service. It also makes it difficult to compare prices between Treasure Island Coins and other precious metals dealers.
Companies like Augusta charge ZERO fees for up to 10 years, allowing you to choose your own gold & silver. Treasure Island Coins on the other hand provides fewer options.
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Social Media Presence of Treasure Island Coins:Twitter, Facebook, & Instagram
Facebook Page of Treasure Island Coins:
Treasure Island Coins has 290 followers on its Facebook account. The company has 266 likes and 3.9 stars out of 5-star ratings with 14 reviews.
Instagram Page of Treasure Island Coins:
The company has an account on Instagram too. They have only 535 followers and are following 659 accounts. The company has posted 63 posts till now. They joined Instagram in May 2017.
Treasure Island Coins Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the Treasure Island Coins reviews & complaints
Better Business Bureau (BBB):
On the Better Business Bureau website, Treasure Island Coins has no star ratings with no customer reviews. They have been in the industry for 47 years. Also, they haven’t received any complaints in the last 3 years. BBB has given an A+ rating to this company. However, they don’t have an accreditation.
The A+ rating indicates that the BBB has gathered information about the company’s business practices and interactions with customers and stakeholders. An A+ rating is the highest rating a company can receive from the BBB and suggests that the company has a positive reputation with the BBB.
The absence of reviews and star ratings may be due to several reasons. It’s possible that despite the company’s long history, there may not have been many customers who provided feedback or reviews on the BBB website. Alternatively, the company might have a significant customer base but has not actively encouraged or sought reviews on the BBB platform.
Yelp:
On Yelp, the business has 5 stars out of 5-star ratings based on only 1 customer review. The review presented is positive. Customers praised the company and its services.
Yellow Pages:
On Yellow Pages, the company has 3 stars out of 5-star ratings based on only 1 customer review. The review presented is partially positive. The customer is praising the company’s knowledge and rapid shipping time. On the hand, he is also demoted by its customer support team.
Some Customer Reviews on Treasure Island Coins:
#1. According to D.N., the people at this company are simply awesome! He recently purchased his first silver coins through Dave and had a fantastic experience throughout the entire transaction and delivery process. D.N. advises others to request a signature on delivery to ensure the safe receipt of their precious metals, as they might otherwise be delivered to the mailbox.
#2. Michael shares his perspective on Treasure Island Coins, praising the store for its exceptional selection and great prices. However, he mentions that his experience with customer service was lacking, as he found them to be very rude.
Is Treasure Island Coins Legit? Should You Invest With Them?Is Treasure Island Coins a scam or legit? Are they worth it?
No, in my opinion, you should not invest with them.
While they are a legit company, they are not the best.
Pros:
- Decent product selection
- Over 47 years of industry experience
Cons:
- Not a BBB-accredited business
- Limited online presence
There are plenty of better companies in the industry. Moreover, I believe you should do business with a more-specialized gold IRA provider.
Before you make any final decision, I recommend checking out our best gold IRA companies of 2023. There, you’ll find what the industry’s best can offer you.
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