Welcome to my Monarch Precious Metals Review.
(UPDATED March 2023)
Are you looking forward to getting precious metals from this company? To ensure yourself that you will not be scammed, it is good to make your research first.
In this Monarch Precious Metals Review, you will learn all of the information you need about this company.
Is it legit or a scam? What are its products? Let's find out the answers, shall we?
If you wish to jump straight to our top-recommended precious metals provider, click here!
Monarch Precious Metals Review Quick Summary
Name: Monarch Precious Metals
Founder: Daniel Anthony
Price: Varies depending on your investments
What is Monarch Precious Metals?
Monarch Precious Metals is family-owned private mint and refinery that is specialized in the production and distribution of gold and silver rounds and bars. Moreover, its products are all hand-poured and has a marking that says "the old-fashioned way".
The company was founded in 2008 when there was a high demand for precious metals during the global financial crisis. It started out as a small local coin shop called Oregon Coin and Jewelry.
They had a difficulty of acquiring silver bullion to sell. And that is why they had this idea to make silver bullions of their own.
After some time, the company formed Monarch Precious Metals and relocated to a big warehouse in Phoenix, Oregon. This was where the first production of the original struck 1/10th ounce silver rounds was made.
In 2011, the company moved to its main headquarters today, in Medford, Oregon. Since then, they have been aiming to improve their products and services to ensure the highest quality for their clients.
As for the management, there is insufficient information regarding the owner of the website.
In BBB, Linda Kaylor is listed as the Principal Contact, while Daniel Anthony is stated as the owner of the company in an article on BlogTalkRadio and a listing at Bizapedia.
Monarch Precious Metals Products
Instead, it has a 1-gram gold rounds that has a marking on the front that says "one gram .999 fine gold". Currently, the company does not offer gold bars online, but Monarch does have silver bars.
Apart from that, it offers raw natural gold nuggets contained in glass vials.
With that, the company's website listed the following as its main product categories:
- Silver - Specialty Silver, Silver Rounds, Silver Bars and Adult Novelty Silver
- Gold - Gold Rounds
- Copper - Copper Dice, Copper Dominoes and 1 oz. Copper Zodiac
- Gift ideas - Fine Silver Gifts, Pure Copper Gifts, Custom Engraved Items and Packaging and Display
- Supplies - Coin Tubes, Coin Folders and Albums and Other Misc. Supplies
- US Coins - Copper Lincoln Cents, Wheat Cents and Buffalo Nickels
How to buy from Monarch Precious Metals?
Monarch Precious Metals' website also serves as its e-commerce hub for its clients. With that, you only need to register and create your own on the website.
Moreover, it is completely free. Once you are done creating your account, you can start adding products to your cart. You will be able to see the prices of each product depending on which payment method you will choose.
Also, you can see the stock number of each products, making sure that the products you like are available.
After adding them to cart, you can proceed to the checkout and pay them. The company will then ship them to you.
Selling to Monarch Precious Metals
Other than buying from Monarch Precious Metals, you can also sell to them. What do they buy?
According to its website, the company is interested in buying any of the Monarch Precious Metals branded gold or silver bar or round. Furthermore, they also accept .999+ fine gold and silver bars and rounds from other brands.
Unfortunately, Monarch Precious Metals does not accept 90%, 40%, and 35% silver U.S. coins or any other types of precious metals such as platinum, palladium, etc.
Lastly, you cannot sell them gold or silver shot/grain or silver bars that are larger than 100 oz.
For the price, it will vary depending on the spot prices of each product. So you need to contact the company to talk about it. However, for the Monarch Precious Metals branded products, they will pay 99% of the current spot price of that product.
How to sell to Monarch Precious Metals?
The process is made to be quick and easy. Here are the steps:
- Create an account on the Monarch Precious Metals website.
- Email them and notify them about your products and its information such as its total ounces and the brand. They will pre-approve your transaction and lock in your spot price.
- They will review your information and will email you the spot price and the buy-back confirmation number.
- Secure your products in a package and ship them to the Monarch Precious Metals address.
- Email them your proof of shipping. If this is not done within 48 hours, the transaction will be cancelled.
- Once everything is confirmed, you will receive your payment via check or bank wire transfer.
Does Monarch Precious Metals offer IRAs?
Currently, Monarch Precious Metals does not offer any IRA services. it is not partnered with any custodians too.
For now, the company only offers precious metal products and services.
Monarch Precious Metals Payment Info
Monarch Precious Metals only accepts 3 types of payment methods:
- Credit/Debit - Minimum of $0 and Maximum of $3,500
- Check - Minimum of $0 and Maximum of $10,000
- Bank Wire - Minimum of $1,500 and no maximum
Monarch Precious Metals Shipping
All products are shipped via United States Postal Service (USPS) and are covered by full, hassle-free and premium insurance. If ever your products are damaged or lost while on transit, then don't worry because the insurance got your back.
Monarch Precious Metals ships to all 50 states, US territories and possessions and APO/FPO addresses. However, the company does not ship internationally.
The shipping fees will vary depending on the value of your products and the type of shipping you want. Below is a shipping table that will show you the fees.
Monarch Precious Metals Ratings and Reviews (Updated March 2023)
At the time of this Monarch Precious Metals Review update (March 2023), I could only find two ratings and customer reviews about the company from BBB:
It has an A+ rating but a 3/5 rating based on 2 customer reviews. Moreover, it is not BBB accredited. Obviously, Monarch Precious Metals does not seem that strong when it comes to ratings and reviews.
Moreover, it appears to not have any profiles from other major review sites like BCA and Trustlink, which is a disadvantage, considering that its competition have very good presence in these review websites.
However, there have been several clients who are satisfied with the products of Monarch Precious Metals.
The videos below show how these clients share about their experience with the company.
Monarch Precious Metals Pros and Cons
- Good products
- Has been in the industry since 2008
- User-friendly and easy-to-navigate website
- Lacks ratings and reviews
- Not BBB accredited
- No IRA services
Is Monarch Precious Metals a scam?
Finally, let's conclude this Monarch Precious Metals Review by answering this question.
There is not much evidence that can say that Monarch Precious Metals is a scam. It provides good products and services and has been in the industry for quite some time.
However, if you ask whether it is a good choice for your investments, the company is a bit far behind compared to its competitors that have better ratings and reviews, as well as products.
You can check our recommendation below.
Thank you so much for reading my Monarch Precious Metals Review! If you have any comments or questions, feel free to leave them in the comments section.