Is Monument Metals A Scam? (Are They The Best!?) (2022)

August 20, 2022

IS MONUMENT METALS A SCAM?

Hello and welcome to my "Is Monument Metals A Scam?” article.

Nowadays, gold and silver are becoming the focus of many investment opportunities. Fortunately, this article, "Is Monument Metals A Scam?" will assist you in deciding whether or not this business is right for you.

Truthfully, many people prefer to engage in financial activity by investing in gold and silver. Additionally, many people have started opening self-directed IRAs. Thus, it is imperative to gather knowledge about this industry.

However, is being a bullion dealer sufficient? Also, there is the issue of whether they are a scam or not. As a result, our "Is Monument Metals A Scam?" will help you better understand this company.

Without further ado, let us start this "Is Monument Metals A Scam?" article.

Monument Metals Review Quick Summary

Name: Monument Metals

Website: https://monumentmetals.com/

Owner: Numerous bullion veterans

IRA Services: Not offering

Prices: Varies

Rating: 3.5/5

monument metals logo

What is Monument Metals?

monument metals website

To start, Monument Metals is a family-owned business from Frederick, Maryland. By 2014, they began selling high-quality collectible and bullion products.

Consequently, their target market are collectors and investors. Moreover, they boast to have fair and transparent prices. In addition, they also claim to provide a superior level of value and service.

That is why, both aspiring investors and those savvy ones will find this company enjoyable.

Before becoming a bullion dealer, they were trading exclusively in the wholesale end of the marketplace. After which, the management created a switch to selling bullions and coins.

Admirably, they have records about buying effectively, operating efficiently and maintaining low overhead. In other words, due to their excellent work ethic, they have an upstanding reputation in the industry.

In comparison, it does lack the diversity of items when put side by side with Augusta Precious Metals. Regardless, Monument Metals are improving their inventory day by day to compete even more fiercely.

Products and Services?

monument metals products

Surprisingly, Monument Metals caters the very diverse need of the market. Although not offering as much as other companies, the type of items they have are commendable.

To enumerate, they have offerings for gold, silver, platinum, palladium, and copper.

Unfortunately, they do not have any services pertaining to IRA and the like. In one way or another, I do believe that this company will incorporate this service in the future.

As a fellow metal enthusiast, we can only hope that they will also have impeccable IRA services.

Going back, they also offer unique and historical coins such as Pre-1993 ones. As already mentioned, these coins are for those that have collecting as a hobby. In addition, they also have several unique deals such as 24/7 silver raid.

Take a look at the list below for the products they have:

GOLD

  • American Gold Eagles
  • American Gold Buffalos
  • Austrian Gold Philharmonics
  • Canadian Gold Maples
  • Chinese Gold Pandas
  • Perth Mint of Australia Products
  • South African Gold Krugerrands

SILVER

  • American Silver Eagles
  • Australian Silver Coins
  • Austrian Silver Philharmonics
  • Canadian Silver Maples
  • Chinese Silver Pandas
  • Silver Bars and Rounds

OTHER

  • American Platinum Eagles
  • British Platinum Coins
  • Canadian Platinum Maples
  • Platinum Bars
  • Palladium Bars
  • Copper Rounds
  • Wheat Cents

As you can see, almost all of these items can be used as assets for self-directed IRAs. If, by reading this article, you want to invest in gold, I suggest reading more about Augusta Precious Metals.

Types and Prices

As stated, Monument Metals offers several choices for bullion items. Nonetheless, it goes without saying that these prices changes from time to time.

Do remember, these items will have different degrees of availability. For example, a certain type will not be available until re-stock. As for the prices, Monument Metals is very transparent because it displays the price tag beside the item.

Furthermore, you will be presented with different characteristics once you click a possible purchase. To illustrate, once you click American Gold, you will be shown these individual products.

  • 2022 American Eagles
  • Random Year American Eagles
  • Different oz. American Eagle
  • Proof American
  • Certified Gold Eagles

For payments, you can pay by credit/debit cards, PayPal, bank wire, eCheck, or paper check. Fortunately, you can also avail of the free shipping for orders above $199. For orders below $199, a standard shipping fee of $7.99 will be added.

Luckily, Monument Metals conducts business internationally. Do note, however, that this can be done for orders exceeding $1,000. So, if you are interested in buying from them, make sure that it goes over a thousand bucks!

Set side by side, Augusta Precious Metals, operates in a different manner. True, they still have yet to offer platinum and palladium items, but it is second to none in transparency and competitive pricing.

Customer Ratings and Reviews

 As for their ratings, take a look at these:

For their customer ratings, they indeed have thousands, but it only came from two firms. Although accredited, the lack of reviews from other websites and organizations might dissuade you.

Unfortunately, there are no reviews, ratings, and reports available from other companies. Reviews are lacking from Business Consumer Alliance, RipOff Report, and Yelp. In a sense, this gives you an idea on where they stand in terms of web presence.

Anyway, they have very excellent standings from two organizations. In any given day, I would personally purchase from them since they are reputable. Of course, make sure to read reviews about any company before buying from them.

Pros and Cons

Pros

  • Free shipping for orders above $199
  • Privacy is important with them
  • Products are IRA-eligible
  • Inventory is large
  • Ratings are impeccable

Cons

  • No IRA services

Final Words

As a summary, this 'Is Monument Metals A Scam?' article arrives at a resounding no, for an answer. It is a reputable company with no reports of scams, fraudulent activities, or rip-offs.

First, their inventory offers precious metals of varying characteristics. Albeit not large enough unlike other competitors, these items are of quality and are IRA-eligible.

To add, they also have this outstanding work ethic. When it comes to shipping and ensuring the safety of your package, they are on the top of the industry.

Do note, however, that they do not offer any IRA services. For many, it is an up-side to find a bullion dealer that also works as an IRA custodian.

To name a few, bullion dealers such as JM Bullion, SD Bullion, and Acre Gold do have unique features that might interest you.

To conclude, Monument Metals is a legitimate bullion dealer that solely revolves around selling precious metals. But, there are other alternatives. Companies such as Augusta Precious Metals must be your priority!

As usual, thank you for reading this 'Is Monument Metals A Scam?' article. Any comments or suggestions can be written at the appropriate section below.

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 Questions? Call 855-444-7022


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