Hello! Welcome to this "Is Nationwide Coin & Bullion a Scam?" review, which has been updated for October 2022.
Is Nationwide a scam? Well... If you rather just skip straight to A TOP gold IRA company, click here.
Let’s find out if Nationwide Coin & Bullion is a scam or legit, what its services are and what its clients are saying about their experience.
Nationwide Coin & Bullion Review Quick Summary
Company name: Nationwide Coin & Bullion Reserve
Services: Sells bullion bars, bullion coins and numismatic coins
Buying gold, silver, palladium and platinum is not something to mess around with.
It is strongly recommended that you do very intense research before deciding to work with any precious metal company.
Buying online comes with a big-enough risk as it is. You should be extra cautious about which company you decide to buy from.
If you would like to read a review of a TOP rated firm, click here.
What is Nationwide Coin & Bullion Reserve?
Nationwide Coin & Bullion Reserve is a company that sells bullion bars, bullion coins and numismatic coins.
This company also offers IRA services. Nationwide Coin & Bullion Reserve claims to offer products well below retail prices.
(Note: In general, lower prices can mean lesser service, so review the details carefully before buying and check out several companies. Our preferred gold IRA company can be found here.)
Nationwide Coin & Bullion Reserve FAQs
What are the prices of Nationwide Coin & Bullion Reserve’s gold coins?
Prices vary per item. Check out the company’s catalog online for full descriptions and prices.
How much is Nationwide Coin & Bullion Reserve’s shipping fee?
The company offers free shipping for every product purchased from the website. There is no minimum quantity or amount needed to get free shipping.
How long is Nationwide Coin & Bullion Reserve’s shipping?
On average, Nationwide Coin & Bullion Reserve says that shipment can take 7-10 business days to get completed after the order gets confirmed.
Nevertheless, the exact location of the client is also a factor in determining how long an order arrives. Holidays can also cause delays.
Are Nationwide Coin & Bullion Reserve items insured?
Yes. They claim that their products are insured by FedEx.
How do Nationwide Coin & Bullion Reserve customers track their orders?
The company claims that they provide a tracking code for every order.
Customers can trace their orders from the moment the items get processed in Nationwide Coin & Bullion Reserve’s facility up to the items’ arrival in the recipient’s address.
Does Nationwide Coin & Bullion Reserve operate all over the US?
Nationwide Coin & Bullion Reserve only serves Texas.
Are There Any Red Flags?
It’s hard to completely trust a company with no factual information about the people behind it.
For Nationwide Coin & Bullion Reserve for instance, the company doesn't seem to have ANY public information on its website as to who its owner is.
This isn’t exactly a great sign. Moreover, reviews and ratings made by its clients online are also not the greatest.
Trust Ratings (Updated October 2022)
So, how are Nationwide Gold and Bullion's ratings? Well, not the best, apparently (see below). To work with a company that has clear top reviews across the web, click here).
OCTOBER 2022 UPDATE: It appears that Nationwide has received quite a few complaints on BBB and their rating has dropped from 3.37 out of 5 earlier this year to 3.32 out of 5 in October 2022:
And there's an "alert" listed for them!
As of October 2022, Nationwide Coin and Bullion's rating is holding at 4.5 out of 5 on Trustpilot, based on 675 reviews:
You should probably also note that they haven't responded to ANY negative reviews on Trustpilot apparently... if you would rather just go with an alternative company, this company seems to be much more ideal.
Reviews and Complaints from people
What about their complaints and reviews? Well, here's a handful:
All in all, the comments about Nationwide Coin & Bullion Reserve are a bit of a mixture of great and not-so-great. Trust Pilot reviews seem okay... hopefully they come from real people. The BBB complaints, on the other hand, are quite serious: a "D+" rating on BBB? Yikes.
Some of the complaints filed against Nationwide Coin & Bullion Reserve talk about the company taking advantage of the elderly.
There are also accusations of them playing the old bait-and-switch shady tactic.
In fact, this type of tactic is not unusual throughout the gold IRA industry. Integrity is one of the reasons Goldco was selected as the top choice.
Some of their customers also went through advertising and sales issues. Most of these complainants also experienced very poor customer service.
Moreover, there is also a Reddit thread about Nationwide Coin & Bullion Reserve. In general, people there are saying that the company is mostly okay but some people are having problems with the long shipping.
It’s up to you to check out the company you work with and feel comfortable with your chances for a smooth process and integrity in the work you do with them.
This company seems like a great choice: Goldco
Pros and Cons
Here's some pros and cons:
- Wide array of products
- No BBB accreditation
- Many BBB complaints
- BBB Alert!
- Poor customer support
What Do We Recommend?
There are many precious metal companies we can say that we recommend... Nationwide Coin & Bullion Reserve is not one of them. The serious accusations it received along with the red flags it’s raising, makes it really hard to recommend them.
One of the companies we can say is worth a shot is Goldco. They have loads of positive reviews online and have received thousands of top ratings.
While this company is clearly legit, they are not exactly squeaky clean when it comes to their reputation. The complaints are not easy to ignore. The accusation of elderly abuse is also pretty serious.
The comments on their poor customer service is also just as bad. No business is perfect, and that is mostly understandable if they at least provide great and professional customer service. Nationwide Coin & Bullion Reserve doesn’t have that.
Clients say that they are being disregarded if they call for a complaint. This is a very bad thing. It’s not uncommon for companies to mess orders up, besides, order shipment is a long process, so there are many windows for mistakes.
However, if the reps are helpful and professional, any mistakes can be easily resolved. This is not the case for Nationwide Coin & Bullion Reserve. Complainants state that they receive no help when calling for assistance.
If after all these information you still want to give Nationwide Coin & Bullion Reserve a try, you may do so, but be wary of their alleged tactics.
Make sure that you are not risking an enormous amount of money and make sure that you have gone through thorough research before you finally make that order.
If you want a company that is more reputable and offers great services, Augusta Precious Metals is worth a try.
They have received thousands of top ratings and hundreds of first-rate reviews on consumer watchdog websites. Check out their website through the link below.
Thank you so much for reading my "Is Nationwide Coin & Bullion A Scam?" review! If you have any questions, please feel free to leave them below in the comments section.