Hello and welcome to my ‘Is Scottsdale Mint Legit?’ article.
Precious metals, such as gold and silver, are attracting a great deal of attention. Thus, in this good read will help you in determining if this company is legitimate or not. But, how we will approach this query?
Essentially, a good background check serves as a potential well for valuable information. Next, I will be reviewing their products. Lastly, we will be taking into account their reviews and ratings.
Without further ado, let us start this ‘Is Scottsdale Mint Legit?’
Scottsdale Mint Review Quick Summary
What is Scottsdale Mint?
Scottsdale Mint is an Arizona-based precious metals provider. Since 2010, they are providing bullions in bulk to customers and clients. Be it for a simple hobby or investment purposes, this company can aid you.
Admirably, they came from a humble beginning. Once a bullion reseller, now is a well-know and reputable mint and distributor. What’s more, the coins they have are eligible for IRA usage.
Due to them being a successful mint, they are still providing service to their valued clients. Moreover, they continually deliver and promote various offers to attract more investors. With this, Scottsdale Mint will continue staying afloat in the industry.
Admirably, they are practicing a two-way market. That is, they allow buying and selling of precious metals. As such, they provide a chance for their customers to get back a portion of the money they spent.
Now, is Scottsdale Mint the perfect choice for you? Read more about their products in the coming section.
Products and Services
As for their products, Scottsdale Mint is one of the leading bullion dealers in the industry. For one, they have a massive and unique inventory of items. Additionally, they are promoting their own brand ‘Scottsdale Stacker’.
An image below shows their popular gold and silver bullions.
For their products, you can use filter to help you identify the bullion for you. Once you have chosen, you can proceed directly to paying for them. Luckily, they have an indication of the quantity left for their items.
That is why, you need not to worry about items going out of stock that fast. Nevertheless, their products has an estimated shipment of about 1-4 weeks. Normally, shipments by other firms are made before a business week goes by.
Going back, their list of items is nothing short of amazing. For once, a bullion distributor really lives up to its name. On their 'Shop' section, a plethora of choices regarding precious metals can be made.
The following are just some of their offerings:
Regrettably, they still have yet to include platinum and palladium on their online platform. If you are looking for these metals, you can check this dealer.
Prices and Fees
Unlike other bullion dealers, Scottsdale Mint is very transparent when it comes to their prices. Fortunately, they have a price indication for all of their items.
Normally, the items they have on their online platform ranges from $25 up to $5 000. As mentioned already, they have indications of how many of that certain item is left.
As a side note, they have a flat shipping fee rate of $6.50, which applies to all. For packages that are over $500, your package will be shipped free!
Meanwhile, this same concept can be found for their prices. Unusually, they have more stock for items that are tagged for thousands of dollars. Presumably, this is due to the influx of clients that are looking for assets on their IRA.
Nevertheless, I commend Scottsdale Mint for their item transparency. Also, their product description is impeccable. In comparison, the top gold IRA firm, Augusta Precious Metals, also practices this.
Scottsdale Mint Business Processes
Interestingly, conducting business with Scottsdale Mint is much easier compared to other firms. No need for sign-ups or account creations! Moreover, if you have a coupon, you can use it to gain discounts.
First, you need to pick the item you want and its corresponding quantity. Second, you need to choose the payment method you want to do. Here are the options you have.
- Credit/Debit Card
- Bank Check
- Wire Transfer
- E-currency and Cryptocurrency
Third, you are going to provide details about your self and the address you want it to be shipped. Lastly, the waiting game starts. As mentioned, you need to wait 1 - 4 weeks.
If you are looking for a buyback option, Scottsdale Mint do have it. Unluckily, I cannot provide more details about this because it can only be done through calling them.
Additionally, they have secure depositories and storages as option. Although, you need to contact them first should you want to try this option.
Customer Ratings and Reviews
- Better Business Bureau - B rating, not accredited
- Business Consumer Alliance - no rating available
- Trustpilot - 3 out 5 rating based on 75 reviews
As you can see, there is not much to say about Scottsdale Mint's reviews. As I was browsing, most comments were about their shipping time, rip-offs, or orders being sent to another address.
Take a look at some screenshots I have gathered from the reviews in Trustpilot.
Pros and Cons
- Free shipping for orders over $500
- Buyback availability
- No need for account creation
- They can buy back the metals you purchased
- Good inventory of products
- Does not offer IRA
- Few ratings and reviews
- Customer ratings weighs more on the negative side
- Fairly long shipment time
To conclude, this 'Is Scottsdale Mint Legit?' article arrives at an irrevocable answer. Indeed, this company is legit and is conducting business up to this day. Again, it is not a scam.
However, some things about them seems to be a red flag for many. For once, they do have a ridiculous amount of shipment time estimation. One to four weeks really is not a good indication.
Furthermore, some customers are complaining about how their products were rip-offs. Some are also complaining about how their packages are shipped at the wrong address!
All in all, this is a legit company with legit team and products. However, I suggest on not conducting business with this firm. The risks far outweighs the possible benefits that will come from purchasing from this company.
As usual, I extend my gratitude and appreciation to you, my dear readers, for reading this article. For comments and suggestions for improvement, do leave them in the appropriate section below.