Are you considering investing in precious metals and looking for a reliable online bullion exchange? While there are many options out there, Money Metals Exchange is considered by some to be the best online Bullion marketplace.
In this in-depth Money Metals Exchange review, we will explore the key aspects of this bullion dealer to help you make an informed investment decision. Whether you’re interested in their reputation, customer support, or overall investment potential, we’ve got you covered.
What Is Money Metals Exchange?
Money Metals Exchange is an online bullion exchange dealer headquartered in Idaho, United States. Founded in 2010 by Stefan Gleason, the company was established to counter misleading advertising tactics used by intermediaries. They offer customers a transparent and affordable way to invest in precious metals.
What sets Money Metals Exchange apart is its commitment to fair pricing and eliminating high mark-ups. By removing bait-and-switch pricing strategies, customers can protect their investments from excessive costs and easily acquire precious metals at more affordable prices.
Products Offered
Gold: Their gold collection includes popular options such as American Eagles, American Gold Buffalo, Gold American Eagle, Gold Australian Kangaroo, Gold Austrian Philharmonic, Mexican gold centenarios, Gold Canadian Maple Leaf and European Gold Bullion. In addition, gold is available in various forms, including coins, bullets, rounds, fractionals, and bars, providing investors with a wide selection of weights to choose from.
Silver: Money Metals Exchange provides an extensive selection of silver products, including Silver American Eagle, US Mint Silver Eagles, America the Beautiful, and Silver Maple Leaf coins. Their silver offerings also include rounds, bars, fractionals, bullets, and even statues, enabling investors to diversify their silver holdings with different forms and designs.
Platinum: The platform offers platinum coins, bars, and jewelry.
Copper: Money Metals Exchange recognizes the value of copper and provides rounds, pennies, and bars made from this metal. They also offer preferred copper products like Peace Rounds, Buffalo Rounds, and Morgan Heads, providing options for copper enthusiasts.
Palladium: Customers interested in palladium can find Palladium American Eagle coins and bars within Money Metals Exchange’s inventory.
Rhodium: Money Metals Exchange offers rhodium in the form of 1-ounce and 5-ounce bars.
How Does It Work?
Money Metals Exchange offers a straightforward buying process. To begin, you can visit their website and browse through the product categories at the top of the page. Once you have selected the precious metal product you want to purchase, simply choose the desired quantity and add it to your cart.
Once your purchase is finalized, you can expect prompt delivery of your precious metals within 1-5 days, depending on your location and the depository. Money Metals Exchange takes pride in ensuring a secure and timely delivery to their customers.
When it comes to selling your precious metals to Money Metals Exchange, the process is equally straightforward. To initiate the selling process, you can give them a call during business hours using their dedicated phone number, 800-800-1865. A knowledgeable representative will provide you with a buyback price based on the current market conditions.
If you are satisfied with the buyback price, you can confirm your order and proceed with the shipment. Money Metals Exchange will provide you with detailed instructions on how to package and send your metals. Upon receiving your shipment, an independent third-party scale service provider will verify the weight of the metals to ensure accuracy and fairness.
Money Metals Exchange’s Accepted Payment Methods
- Credit or Debit Card: Payments made using credit or debit cards are cleared within 1-2 calendar days and have a maximum purchase limit of $575 per transaction.
- PayPal: Customers can utilize PayPal for payments up to $575 via the online shop. The processing time for PayPal payments is 1-2 days.
- Personal Check: Money Metals Exchange accepts personal checks with no minimum purchase requirement. However, small purchases may incur additional shipping charges. Personal check payments typically clear within 7-10 calendar days, and the maximum payment amount is $25,000.
- ACH Transfer: ACH transfers are an option with a maximum purchase limit of $575 per transaction. To avoid shipping costs, customers are encouraged to make a purchase of more than $500. ACH transfers usually take 7-10 calendar days to clear.
- Wire Transfer: Wire transfers offer a fast processing time of 1-2 business days. However, customers are required to spend a minimum of $3,000, with a maximum purchase limit of $50,000.
- Money Order: Payments made through money orders have a processing time of 7-10 calendar days. The maximum purchase amount using a money order is $25,000.
- Cryptocurrency: Money Metals Exchange accepts cryptocurrency as a payment method, allowing customers to make purchases up to $200,000. Cryptocurrency payments offer a quick processing time of 1-2 days.
Precious Metals Storage with Money Metals Exchange
When it comes to storage, Money Metals Exchange offers secure options for customers who prefer to store their precious metals outside of their homes. They have their own insured and IRA-approved depository buildings, equipped with UL Class 3 vaults, to safeguard investors’ valuable assets.
To ensure the safety of stored assets, all accounts held in the depositories are fully insured by Money Metals Exchange’s comprehensive Lloyds of London insurance policy. This insurance coverage serves as an added layer of protection, safeguarding your investment in case of unforeseen circumstances.
Money Metals Exchange provides a transparent fee structure for storage services. For holdings valued up to $15,999, there is a flat fee of $96 annually. Holdings ranging from $16,000 to $99,999 incur a fee of 0.59% of the total value.
For holdings between $100,000 and $999,999, the fee is reduced to 0.49%. And for holdings from $1 million to $2.9 million, the fee is further reduced to 0.39%. For holdings exceeding $3 million, customers should contact Money Metals Exchange directly to discuss pricing details.
Money Metals Exchange Review: The Pros & Cons
Pros:
- Wide range of services and products
- Secure and insured shipments
- Free shipping on orders over $500
- An abundance of helpful resources
- Versatile payment options
Cons:
- Possible transaction fees
- Limited phone support hours
- Payment method restrictions
Money Metals Exchange Alternatives
If this Money Metals Exchange Review has raised any red flags to you, there are other quality companies that help clients invest in precious metals. APMEX is a popular choice, in part because of the huge offering of over 40,000 products. This APMEX Review will cover some of these offerings and the pros & cons of their service.
If you do not have the capital to purchase precious metals, but want to get started immediately, Acre Gold has a solution. They offer a subscription service that will allow you to get involved with precious metal investing for as little as $50. To learn more about how this unique service works, check out this Acre Gold Review.
Final Thoughts
Money Metals Exchange is a reliable and comprehensive platform for investing in precious metals. With a wide range of services, secure shipping, and helpful resources, they cater to both new and experienced investors.
If you’re looking for a convenient and reputable platform to buy and store precious metals, visit Money Metals Exchange today. Click Here to start diversifying your portfolio with precious metals now.
