Welcome to my SD Bullion Review! (UPDATED AUGUST 2023!) When it comes to the precious metals industry, you should really only deal with trustworthy and reliable companies and online bullion provider.
Hence, you need to do your research on companies you have set your eyes on and see for yourself if they are legit. It's 2023. Not everyone has good intentions, especially when it comes to gold dealers.
(That said, one dealer that has consistently stood out as one of the best is called Goldco. They are reviewed on this page over here.)
That is why I have written this SD Bullion review to talk about this company. Is it legit or is it a scam? Let's find out.
SD Bullion Review Quick Summary
Name: SD Bullion
Co-Founder: Tyler Wall
Price: Varies depending on your investments
Rating: 3/5
IMPORTANT WARNING:
Whether you are new to precious metals investments or not, it will never hurt to make your research first on companies that provide you with these.
Especially now that most transactions are made online, you should be extra careful.
Click here to read my review on the TOP RATED PRECIOUS METALS FIRM and grab their FREE GOLD KIT!
What is SD Bullion?
SD Bullion, short for Silver Doctors Bullion, is an online precious metals dealer based in Ottawa Lake, Michigan. It was founded by Tyler Wall in 2012.
Since then, the bullion company has grown to be one of the country's most-sought alternative place to buy gold and silver bars and coins.
SD Bullion was established by the founders of Silver Doctors Network, an online hub that provides information to investors on the current status and situation of the precious metals market.
Although their selection of gold products available is limited, they still have good ones such as 1 kg and 1 oz. gold bars that are priced fairly and competitively on the market.
Moreover, their gold bars are produced by some of the world's top gold producers such as the Ohio Precious Metals and the Royal Canadian Mint.
The company aims to provide good precious metals at affordable prices. Moreover, it is prefers doing business in an old-fashioned way.
SD Bullion has been featured twice in Inc. Magazine's 500 Fastest Growing Companies in the United States and has served over 250,000 satisfied clients!
SD Bullion Products
SD Bullion offers various kinds of precious metals products including the following:
- Gold - Chinese Pandas, Mexican Libertads, Canadian Maples,
American Eagles, European Gold and gold bars that range from 1g to 1kg gold bars - Silver - has coins, bars, bullets and banknotes and rounds that range from 1g to 1oz.
- Platinum - Platinum Eagles, Platinum Maples, international platinum bars and coins that range from 10oz to 1g
- Palladium - Palladium bars, Maples and Eagles that range from 1oz. to 1g
- Copper - Peace Dollars, Silver Shields, Lincoln Busts, Morgan Dollars and many more
- Accessories - Airtight cases, coin magnifiers, cleaners and storage boxes
Apart from the items listed above, SD Bullion also sells water filters, safes/vaults and survival food.
How to buy from SD Bullion?
Buying from SD Bullion is designed to be a straightforward and easy process. Since SD Bullion has a website for its e-commerce, clients can access their product catalog and choose which products to buy.
After you have found the right items, you can add them to cart, and proceed to the payment. Once the payment is confirmed and cleared, SD Bullion will ship your products to your preferred location.
Information on payment methods and shipping are located below.
How to sell to SD Bullion?
Apart from buying precious metals from SD Bullion, you can also sell to them. Silver Doctors Bullion accepts gold, silver, platinum and palladium. Moreover, there is a minimum quantity they require for the company to buy.
- Silver: 20 ounces
- Gold: 1 ounce
- Platinum: 1 ounce
- Palladium: 1 ounce
If your precious metals do not meet these requirements, SD Bullion will not buy them.
To sell your precious metals to SD Bullion, you need to give them a call and inform them about your precious metals. Once you are satisfied with the sell price they offer, it will be locked in.
Afterwards, you will be given a purchase order, which contains the important details, such as the shipping address.
Once approved, and SD Bullion received your precious metals, your payment will be issued within 1 to 3 business days.
SD Bullion Storage Service
Owning precious metals calls for a safe and secure storage. Although there are a lot of storage facilities and depositories in the industry, SD Bullion does not just offer you precious metals, but also storage services.
They offer storage for gold, silver and platinum. To get started, you just need to call SD Bullion and open a depository account. Having one, you can have your orders directly shipped to your depository account for storage.
If you are a new customer, you get to receive 3 months of FREE storage. After that, you will be charged $10 per month. Take note that this fee will increase, depending on the size of your account.
Apart from that, there are annual storage fees, which is based on your precious metals holdings:
- Gold - 0.29%
- Silver - 0.39%
- Platinum - 0.29%
Also, rest assured that your storage is fully insured by Lloyds of London
Does SD Bullion offer IRA services?
Unfortunately, SD Bullion does not offer any IRA services since it is not an IRA custodian. However, it does offer IRA-eligible precious metals.
Moreover, SD Bullion can help you set up your own IRA account. They have a preferred custodian, which is New Direction IRA. Other IRA custodians are available such as the following:
- Goldstar Trust
- Provident Trust
- The Entrust Group
- Kingdom Trust
- Equity Institutional
Take note that IRA fees may vary depending on your custodian.
SD Bullion Payment Methods
SD Bullion accepts several payment methods. Below are the following ways for you to pay for your orders.
Be sure to follow the instructions. If you fail to make payment within the allocated time, you will be charged a cancellation fee of $5.
Bank Wire
This payment method is the only way to pay for order over $20,000. Moreover, orders under $500 is not eligible for this type of payment method.
Once you confirm your order, bank wire instructions will be sent to you. Remember that bank wire payments should be received by the company within 72 hours since locking your order.
Funds usually take 24 to 48 business hours to be processed.
Personal Check/Cashiers Check
This payment is also accepted for orders up to $20,000. Once you have locked in your order, you will be sent check payment instructions.
Check payments should be postmarked within 72 hours since confirming your order. Moreover, it must be received by SD Bullion within 7 business days since you placed your order.
Check payments usually take 3 to 5 business days to be deposited.
Postal Money Order
This type of payment is available for orders up to $9,999. Instructions will be emailed to you once you have confirmed your order.
Moreover, postal money order payments must be postmarked within 72 hours and they must be received within 7 business days since locking your order.
Postal money order payments usually take 3 to 5 business days to be deposited.
Credit/Debit Card
This payment is for orders up to $5,000. Credit/debit card payments are not eligible for the 4% discount.
SD Bullion accepts VISA, MasterCard and Discover.
This usually takes 24 to 48 business hours to be processed.
Bitcoin
SD Bullion also accepts Bitcoin for orders up to $250,000. This is not eligible for the 1% discount.
Once you have confirmed your order, you need to log in to Bitpay and proceed to the payment. Take note that you only have 15 minutes to pay for your order after locking it.
Bitcoin payments are typically processed within 24 business hours.
Paypal
This is accepted for orders up to $5,000. Once you have confirmed your order, you will be taken to the Paypal website to log in and pay for your orders.
Funds will usually take 24 business hours to be processed.
e-Check
e-Check or Electronic Check is accepted as a form of payment for orders up to $10,000. This is also eligible for the 4% discount.
For now, SD Bullion only accepts checking bank accounts. Savings account is not accepted for the meantime.
New customers and customers without an established order history are required to link their financial institution to Plaid to be able to pay via e-Check.
If the institution is not supported by this, the customer must use an alternative payment method or link a different institution that is supported.
Funds usually take 3 to 5 business days to be deposited.
SD Bullion Shipping
SD Bullion ships their products via FedEx, USPS and UPS, fully insured. Upon delivery, a signature from the owner or receiver is required.
All domestic orders that are over $199 will be shipped and insured FOR FREE. Orders less than $199 will be charged a fee of $9.95 for shipping and insurance.
For international orders, SD Bullion does accept international shipping. The shipping fee will be calculated upon checking out your order.
Can I return my orders?
Yes you can. You have within 3 business days after the receipt of your shipment to notify SD Bullion that you want to return your orders.
Moreover, the products you returned, with the exception of the SD24K product line, are subject to a 5% restocking fee or $35, whichever is higher.
Moreover, SD24K jewelry products that are returned are subject to a 10% restocking fee.
SD Bullion Ratings and Reviews (Updated August 2023)
Currently, SD Bullion only has ratings and reviews from 3 websites: Better Business Bureau (BBB), Trustpilot and SiteJabber.
Although the ratings look relatively okay, especially that the company is BBB accredited and has an A+ rating, SD Bullion received a number of complaints, mostly about customer service. Not sure about you, but most people would probably rather not deal with crumby customer service on a purchase as serious as precious metals.
We should always be wary of the bullion providers we work with, especially when we are talking about gold investments!
Compared to its competitors, there are other gold bullion dealers with outstanding ratings and reviews.
SD Bullion Pros and Cons
Pros
Cons
Is SD Bullion a scam?
For the conclusion, let's find out the answer to this question. SD Bullion is not a scam. It is a legitimate precious metals company that provides good products.
Moreover, its ratings are good. But there are complaints about its customer service, which is quite alarming. Having a good customer service and customer support is one of the significant things that a company must have.
If you prefer a company that serves its clients properly, check out my top recommendation below.
Thank you so much for reading my SD Bullion review! If you have any comments or questions, feel free to leave them in the comments section.
They lied about ACH payment after I placed a large order. They then threatened with excessive penalty fees if the order was canceled. Stay far away from this company.
Hi Philip, that does not sound good, thanks for your comment!
Ordered two $10.00 eagles for my birthday, requested earlier dates and customer service replied with “they don’t have time to help me that request” that’s a shitty response but accepted as time is money in business. Fast forward, receive my order for two VF + $10.00 gold eagles, one of them was cleaned so badly I’m highly disappointed & going to bring it to my LCS this weekend to verify both coins are legit. My first order from them and unfortunately my last…. Not to mention the two day delivery and it taking 6 days to arrive. Most likely both coins are legit, just wish they had better customer service and for that I’m a one & done customer.
Hey John, sorry to hear about your not so good experience with SD Bullion.