Hello and welcome to my ‘Quality Silver Bullion Review’!
Nowadays, people are looking for ways to secure themselves financially. Truthfully speaking, that is one of the best moves one can make! However, the act of investing can sometimes be a long and complicated road ahead.
To cite, there are a lot of industries that you can invest upon. But, among all these areas of investment, the precious metals industry is steadily gaining popularity. With that, a lot of companies are looking for creative ways to attract clients!
One of these bullion dealers is Quality Silver Bullion. Today, we will be looking at if purchasing from this company is worth it. Additionally, we will be looking at their online presence as well as organization affiliations, if there are any.
That is why, this ‘Quality Silver Bullion Review’ will be a good resource material to check if this company is a good one. Also, we will be comparing its capabilities to one of my recommended companies, Augusta Precious Metals
Without further ado, let us start this ‘Quality Silver Bullion Review’!
Quality Silver Bullion Review Quick Summary
Name: Quality Silver Bullion (now part of Regency Mint)
Owner: Jim Little
IRA: Not offered
Rating: 2/5 (Not recommended)
What is Quality Silver Bullion?
For starters, Quality Silver Bullion is a Utah-based bullion dealer. Started in 2008, this family-owned company started tending to its customers. Primarily, they were offering their precious metals inventory to their clients.
Unfortunately, this company was acquired by Regency Mint last January 1,2020. In that case, we will be looking extensively at their still-running website for valuable information. Also, customer reviews and ratings will be a good thing!
Till date, there were no proper reasons given by the company prior to the acquisition. That is why, for customers that wants to purchase directly from Quality Silver Bullion, you can no longer do so.
Nevertheless, one can surmise possible explanations about this acquisition. One, it may be caused by growing number of competitions and the company decided to join force to better their chances.
Next, it may be due to their declining client base. This may be the result of their very little online presence or business ethics. And lastly, they might have not made any significant changes in their business structure.
At this point, one may ask about the products and services Quality Silver Bullion offered prior and during the acquisition. Meanwhile, this is a good chance to promote a reputable and excellent company, Augusta Precious Metals.
Augusta Precious Metals is company that offers self-directed IRAs. Specifically, they put effort in maintaining excellent service regarding gold IRAs. Thus, if you want to invest now, conduct business with this company!
Products and Services Offered
To cite, Quality Silver Bullion has a somewhat-okay inventory before the acquisition. As per their name, they have a significantly larger inventory of silvers than other metals. Although, they also offer gold, copper, and several other items.
Let me add that their online platform is simple and straightforward. Personally, companies that practices simplicity is a plus. If you pay their site a visit, you can find categories of metal products.
Sadly, I was unable to locate any buttons and portions for IRAs. Moreover, there are claims of IRA offerings done by the company but there is no conclusive evidence that they truly offer this.
At the front, they proudly offer their own mint products. In simpler terms, these are products that the company personally produces. As such, you cannot find any other companies that offer these coins, rounds, and bars.
Next, they have the common coins and rounds. Although, there is no dedicated portion for assets that are IRA-eligible. For a list of their products, please take a look at the list below.
- Canadian Gold and Silver Maple Leaf
- American Gold and Silver Buffalo
- American Gold and Silver Eagle
- Australia Gold Kangaroo
- Commemorative Coins
- Blanks (Flat-like stamped coins of varying radius)
Moving on, let us now take a look at the inventory of the company that bought them. Regency Mint also offers blanks, custom mints, and bullions. Take note, their offering are fewer than Quality Silver Bullion.
Prices and Fees
Moving on, Quality Silver Bullion practices a high degree of transparency when it comes to their products. For example, you want to purchase a 1 oz. Canadian Maple Leaf from them. At that instant, you will be shown the price you need to pay for such metal.
In comparison, Regency Mint also shows you the price for a certain product you want to purchase. On top of that, they have a spot price chart for their metals for you to see the day-by-day movement of these items.
For their prices, they vary depending on the grade, weight, and brand. Lower quality items are priced around $100 to $300. For those that can be utilize in IRAs, the lowest price available is at $1000 while the most expensive one is at $5000.
Do note, due to the current market volatility and unpredictability, orders are subjected to sudden cancellation, if the need arises. Until then, one can hope that their orders will not be affected by any economical movement.
How Does It Work?
Usually, bullion dealers and IRA companies require their clients to have a personal account to conduct business. Similarly, Regency Mint requires their customers to create an account tied to their system.
After which, you are now eligible to look around and shop. For precious metals, you can pick as many as you like! After that, you can proceed to paying for the items that is in your cart. As easy as that!
Of course, you are going to provide some minor details about delivery and insurance, for any unforeseen circumstances. Surprisingly, both Quality Silver Bullion and Regency Mint has no details about shipping policies and regulations
As a note, you can contact them at 1-888-673-5052 for any inquiries about their business methods.
Customer Ratings and Reviews
Commonly, bullion dealers, especially those that are in the industry for quite some time, must have a good number of reviews. But, this is not the case with Quality Service Bullion and Regency Mint.
In my book, a company that has little to no reviews available is a red flag. First and foremost, its reputation is directly related to its frequency of good and excellent ratings. As such, one that does not meet this criteria is automatically skipped.
Popular rating organizations such as Business Consumer Alliance and Better Business Bureau have no listings of this company. Consequently, if anything comes up, I will instantly update this post.
That is why you need to entrust your assets in a reputable organization. I am a hundred percent sure that everyone feels more secure conducting business with a solid firm. For that reason, do contact Augusta Precious Metals!
Pros and Cons
- Regency Mint, the one who acquired them, has well over 20 years of experience
- Availability of unique minted bullions
- Good inventory of products
- Competitive pricing
- High degree of price transparency
- No IRA offerings
- Little to no reviews available
- No clear policies and regulations regarding refund and shipping
- No affiliations and memberships with other organizations
- Quality Service Bullion is no longer operational
- Both companies have little client base
Should You Purchase From Them?
To conclude, this ‘Quality Silver Bullion Review’ arrives at a very interesting take regarding this company. Indeed, it is an organization that catered to their customer’s need and is not a scam whatsoever.
Even so, as a bullion dealer, you nee more than fulfilling customer’s needs to stay afloat. A company must continually explore possibilities to improve their business. On top of that, they need to have a diverse and wide offerings to persuade clients.
Perhaps, if Quality Silver Bullion made some changes in their business structure, then they might have continued their legacy. An acquisition is a good business move, but it unravels some weaknesses that the small company so desperately tried to hide.
To list, they have little to no online review. In a way, this speaks also for how poorly their online presence is being felt. Similarly, their policies and regulations are lacking. Clients are more inclined to deal with you if they understand your company.
With regards to Regency Mint, it is a good company. But, there are way better alternatives in the industry. My recommended company will always be Augusta Precious Metals! I suggest contacting them today to facilitate your IRA!
As usual, you have my gratitude and appreciation for sparing a fraction of your time reading this article. For any comments and suggestions, do leave them in the appropriate section below.