Is Nationwide Coin And Bullion A Scam? (Updated 2022)

October 31, 2022

Is Nationwide Coin & Bullion a scam

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

Rating: 1/5

Recommended? Nope!

Is Nationwide Coin & Bullion a scam

Important Warning:

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?

Is Nationwide Coin And Bullion A Scam website homepage

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).

BBB

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!

Nationwide-Coin-Bullion-Reserve-Inc-Complaints-Summer-Update-June-21

Trust Pilot

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:

Is Nationwide Coin And Bullion A Scam review 1
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Is Nationwide Coin And Bullion A Scam review 3
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Is Nationwide Coin And Bullion A Scam review 5

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:

Pros:

  • Wide array of products
  • Website

Cons:

  • 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.

Final Verdict

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.

Conclusions:

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.

Check out my other reviews here!

  • Please allow me a moment to comment on this company. The timing of all of this is quite remarkable. I was interested in buying a 1oz. gold coin as a graduation gift for my niece ( I have no kids..lol)…Knowing the market as a former trader I didn't want to overpay to a dealer, I knew if I researched and shopped around, I could find one within reason to spot price which was trading in a range of $1,775-1,790. Most gold coins were priced over 1900, which I thought was ridiculous. I even saw some on Ebay, I"m bidding, get outbid, I drop out, as I said, I'm in no hurry to overpay. That very afternoon my weekly circulars arrive with the mail and the back page ad catches my eye, an advertisement for Gold American Eagles at spot price $1725. They also offered a free 1 MS70 1oz. Silver Eagles as a gift. I was really really skeptical but I said I'd go along to see what happened. I called and spoke to the agent Matthew, a super nice guy and after giving him the ad's key code, processed my order. I knew what the spot price was and he gave me a quote which was even better, I was only allowed one, and he tried to up-sell me on other products, which was fair, and graciously accepted my decline. I was still nervous which led me to this site but I have to say the coins arrived a few days ago and I received a beautiful 2021- 1oz gold coin. It's realllly nice. The coins were very well packaged and in plastic display boxes.. I had tracking numbers for when it was shipped. The silver American Eagle is indeed MS70 and signed by designer Dale Everhart. I could not be more satisfied !! They are the real deal & I did get a great, fair deal. Please not not hesitate to do business with this company. I was only allowed to buy the one coin at spot, but that's all I wanted to really buy. The timing was crazy, as they say it was meant to be and I thank Nationwide coins. From start to finish, they were all awesome to deal with.

  • I got scammed for $1107.00 i was convinced by Jeffery Harrison to buy a 1/2 ounce 2020 $10 Dollar coin. Don Everhart MS70 with a Authentic Hand Signed. He said that it was a low mintage of 500 and should go up in value in a short time? I made this purchase on 8/24/2020 I saw the same coin for sale on E-Bay for $888.00, on 5/07/2021. DO NOT TRUST THIS COMPANY

    • What a shame, Dennis. Sorry for your loss. Hopefully your feedback helps others avoid the same situation. Really appreciate you sharing your experience. Buyer beware.

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