Welcome to my “Is Universal Coin and Bullion A Scam?” review!
(UPDATED January 2026)
In this post, we’ll look at Universal Coin and Bullion to find out what they’re all about. Is Universal Coin and Bullion a scam? Or is it legit? What does it offer?
Let’s take a look and see, shall we?
Universal Coin and Bullion Review Quick Summary
- Company name: Universal Coin and Bullion
- President: Mike Fuljenz
- Services: Buying and selling of gold and silver
- Rating: 3/5
My Experience Reviewing Universal Coin and Bullion
I review precious metals companies as part of ongoing research into gold and silver dealers operating in the United States. For this review, I looked closely at Universal Coin and Bullion’s product offerings, company history, public complaints, customer feedback, and third-party ratings.
I also compared Universal Coin and Bullion to other well-known gold dealers in the industry to understand where it stands in terms of transparency, services offered, and overall reliability. This review is based on independent research and comparison, not on promotional material provided by the company.
Industry Background & Why This Review Is Trustworthy
Over the years, I’ve analyzed dozens of gold and silver dealers, including companies that specialize in bullion, numismatic coins, and Gold IRA-eligible products. When reviewing a precious metals dealer, I focus on factors that actually matter to buyers—company longevity, leadership background, pricing transparency, complaint history, and how clearly risks and limitations are disclosed.
Universal Coin and Bullion was evaluated using the same criteria I apply to other major precious metals companies. This allows readers to see how it compares objectively rather than relying on marketing claims alone.
Fair Warning:
Buying gold is a big decision. Make sure that you buy from a reputable company.
Do thorough research before saying yes to anybody. Look for reviews, complaints and ratings before you give your money to any company.
Disclosure & Review Methodology
This review is intended for educational purposes only and reflects my independent opinion. I am not employed by Universal Coin and Bullion, nor do I receive compensation for writing favorable reviews.
Any rating or conclusion in this article is based on publicly available information, customer reviews, company disclosures, and industry comparison. Some pages on this website may contain affiliate links, but that does not influence how companies are evaluated or rated.
What is Universal Coin and Bullion?
Universal Coin and Bullion is a precious metals specialist and dealer that is also a leading company in numismatic consulting services.
Furthermore, they can provide rare United States coins, silver and gold bullion coins, and IRA services.
Ever since 1994, the gold company already transacted over $1.1 billion in business with over 250,000 clients! Universal Coin and Bullion was recognized nationwide, garnering various awards left and right including the following:
- 2019 & 2014 Beaumont Enterprise Reader’s Choice Award “Best Place to Buy and Sell Gold”
- 2013 Chamber of Commerce Business of the Month
- 2012 Beaumont Police Department Corporate Award
Furthermore, Universal Coin and Bullion is BBB accredited and a proud member of PNG, PCGS, NGC, ICTA, and NRA Business Alliance.
Company Owner Background
Universal Coin and Bullion was founded by Dr. Michael Fuljenz who is widely known as America’s Gold Expert. He is fully deserving of that title because he has been in the industry for a long time.
He even won more than 60 prestigious awards, both national and regional, due to his consumer education and protection work in rare coins and precious metals industry.
Moreover, Dr. Fuljenz was the 2021 Dealer of the Year, awarded by the American Numismatic Association (ANA).
He literally has been around the industry for so long, and has contributed so much, to the point that this review is not enough to list all of this awards!
Universal Coin and Bullion Products
Universal Coin And Bullion’s website reveals that the company mainly offers gold bullion, gold coins, silver bullion and silver products. Moreover, they also provide IRA-eligible precious metals.
The company’s products also come from various mints around the world including the United States Mint, Royal Mint, Royal Canadian, Mexican Mint, Australian Mint and many more.
Universal Coin And Bullion also has competitively-priced Common Date Gold, which are perfect for the passionate collectors out there.
Lastly, supplies are also provided such as coin boxes and display boxes.
How to buy from Universal Coin and Bullion?
Fortunately, Universal Coin And Bullion has an e-commerce websites, which makes purchasing from them a lot easier.
Basically, clients need to create an account on the website and then access their product catalog. From there, you can see all of the precious metals and products that you can buy.
After choosing the products, you can add them to your cart and then proceed to check out. Payment methods and shipping will be discussed below.
Universal Coin and Bullion Payment Methods
Based on Universal Coin And Bullion FAQs page, they accept personal checks, cashier’s checks, credit cards and wire transfers. Each payment method has its own guidelines and instructions.
- Personal check and cashier’s check – Transactions are held 10 to 15 business days from the receipt of the check payment
- Credit cards – Can only be used for orders below $1,000.
- Wire transfers – It requires you to provide your valid credit card information to the company to proceed with this payment
Universal Coin and Bullion Shipping
Universal Coin And Bullion ships products via U. S. Postal Service, Federal Express and UPS, fully insured. Once delivered, the products require a signature to be received.
Orders over $199 receive free shipping, while orders below this threshold require a shipping fee of $9.
Shipping days will depend entirely on the payment method used.
- Credit card via phone – 2 to 3 business days
- Credit card via online – 5 to 15 business days
- Personal check – 10 to 15 business days
- Cashier’s check and money orders – 5 to 10 business days
- Bank wire via phone – 2 to 3 business days
- Bank wire via online – 5 to15 business days
Selling to Universal Coin and Bullion
You can also sell to Universal Coin And Bullion. However there are no specific information on the process.
The website only says that you need to contact them by phone.
Does it offer IRA services?
Universal Coin And Bullion does not provide any specific information on whether it provides IRA services. Safe to say that it is not an IRA custodian.
However, it does offer IRA-eligible precious metals and a free IRA kit. It is not revealed whether it is partnered up with IRA custodians or not.
How Is Universal Coin and Bullion’s Support?
A company’s ability to assist its clients even at times when the client isn’t happy says so much about the company’s outlook. This is why customers and future customers should always look at what past clients say about a brand’s customer service.
As for Universal Coin and Bullion, it’s hard to give their customer support a big thumbs up especially since there are complainants saying they did not get a call back when they needed them.
Also, Universal Coin and Bullion doesn’t have a live chat feature on their website. This means that you can’t quickly get a response when you contact them with something.
They do, however, have an email address you can contact along with a phone number.
FAQs about Universal Coin and Bullion
Does Universal Coin and Bullion offer investment storage?
No. Universal Coin and Bullion does not offer storage. Since the company do not offer IRA directly, they will only offer you storage options from their partners. All fees related to this will be dependent on the custodian.
Can anybody buy from Universal Coin and Bullion?
Universal Coin and Bullion only operates in the United States.
Do they have a minimum or maximum order?
No, Universal Coin And Bullion does not have any minimum or maximum order amount.
Do they accept trades?
Yes they do. Simply give them a call and inform them.
Is there a full refund period?
Yes, Universal Coin and Bullion has a 100% Satisfaction Guarantee. With that, you are given 30 days since receiving the order, to return it and make sure that it is in its original packaging.
However, special orders and bullion orders are not eligible for this.
Universal Coin and Bullion Reviews and Ratings
Let us check the Universal Coin and Bullion reviews and ratings online as they give us a perspective on how good their services are.
- Better Business Bureau (BBB) – 3.4 out of 5 rating based on 10 reviews, A+ rating and BBB accredited
- Business Consumer Alliance (BCA) – C rating based on 0 reviews
This is where Universal Coin and Bullion fall behind. Its online ratings and reviews are not that impressive compared to other gold companies such as Goldco.
How Universal Coin and Bullion Compares to Top Gold IRA Companies
Compared to full-service Gold IRA companies, Universal Coin and Bullion operates more as a traditional precious metals dealer rather than a retirement-focused provider.
While it offers IRA-eligible metals, it does not directly act as an IRA custodian or clearly outline long-term retirement account support.
Investors who want more guidance, clearer fee structures, and dedicated IRA specialists may find stronger options among companies that focus exclusively on Gold IRAs.
Who Universal Coin and Bullion Is Best (and Not Best) For
Universal Coin and Bullion may be a good fit for buyers who are interested in collectible or numismatic coins and prefer working with a long-established dealer that has been operating for decades.
However, it may not be ideal for investors looking for a fully hands-off Gold IRA solution or those who want a company that directly handles IRA custodianship and storage. Buyers who value live chat support or extensive online transparency around fees may also find limitations here.
Understanding your own goals—whether collecting, investing, or retirement planning—is essential before choosing any precious metals dealer.
Pros and Cons
Pros
Cons
Is Universal Coin and Bullion A Scam?
The answer is NO. They are not a scam. They are legit with a physical address and a CEO.
They have operated since 1995, so it is safe to say that they are a stable company. However, are they perfect for you? That is the real question.
Please see reviews and complaints filed against it to know whether you should transact with them or not.
Final Verdict on Universal Coin and Bullion: NOT A SCAM
Universal Coin and Bullion is a stable company with happy clients. The reason they are only getting 3 stars from us is because of the complaints.
There is also not a lot of reviews and ratings online to make up for the complaints.
No company is perfect but it would make clients be at peace about transacting with them if there isn’t any complaints about them and if there is a lot of reviews to base their decisions from.
Thank you so much for reading my “Is Universal Coin and Bullion A Scam?” review! If you have any questions or comments, please feel free to leave them below in the comments section!
