The Royal Mint Bullion Review (Is It Legit?) (Updated 2022)

January 28, 2022

The Royal Mint Bullion Review

Welcome to my The Royal Mint Bullion Review.

(UPDATED 2022)

If you wish to purchase precious metals from this company, it is best if you get to know if first. Is it legit? Or is it a scam?

This The Royal Mint Bullion Review is going to show you all the things you need to know about it.

Without any further ado, let's get started.

The Royal Mint Bullion Review Quick Summary

Name: The Royal Mint Bullion

Website: https://www.royalmint.com/

Owner: HM Treasury

Price: Varies depending on your investments

Rating: 2/5

The Royal Mint Review company logo

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What is The Royal Mint Bullion?

The Royal Mint Bullion is a known mint and precious metals dealer which is run by the government.

It’s a certified legit company, without a doubt, this article will discuss the quality of their business.

As of the year 2017, the company boasts over £506 million in revenue. 

The Royal Mint Bullion Products

The Royal Mint Bullion offers a variety of precious metals that include gold, silver and platinum, in forms of coins and bars.

Furthermore, it offers world coins and signature coins. You can check out its full product catalog in its website.

Are there any IRA services?

The Royal Mint Bullion is just a dealer company, also, it is not specified on their website if they do or do not include precious metals that are eligible for IRA in their list of products.

If you want to add precious metals to your retirement portfolio, it would be better if you choose to work with a company that runs as both a precious metals dealer and an IRA custodian to avoid possible complications.

Storing with the company

Yes, storage is one of the services offered in The Royal Mint Bullion. Here are the details of the fees.

Storage rate - the rate for their storage services is 1% + VAT annually. The company will bill you for the fees in arrears, they do so quarterly. The rate will depend on the standard daily market value of your products that are stored with them. Invoices are distributed every 3 months and you are to settle the fees immediately.

Late payment fee - if you are not able to pay the fees within the given time, you may pay at a later date but a late payment fee will be charged. The rate is 0.50% of the overdue balance, you will be charged every month that the outstanding balance isn't fully paid. If there's an excess of costs, it will be donated to charity by the company.

Minimum storage charge - no minimum charge

Extraction fee - free

Can you sell to the company?

Yes you can sell back to the company. The Royal Mint Bullion offers its clients flexibility when selling to them at competitive rates.

Moreover, the costs of these precious metals will be based on the current live market price.

You can either send the precious metals to them via track and trace delivery service or deliver it to them yourself.

The Royal Mint Bullion Ratings and Reviews

Below are the online ratings and reviews of The Royal Mint Bullion.

Overall, the Royal Mint Bullion has poor ratings and reviews online. This is a huge downside if you are deciding on buying from this company.

The Royal Mint Bullion Pros and Cons

Pros

  • A wide variety of precious metals
  • Run by the government which means it is legit

Cons

  • Poor ratings and reviews
  • Lacks ratings and reviews

Is The Royal Mint Bullion a scam?

Let's conclude this The Royal Mint Bullion Review with my answer to this question.

The Royal Mint Bullion is run by the government. With that, there is no doubt that it is legit. However, the question is, are its services that good? Well, based on the ratings and reviews I found, the company's services are not that impressive.

Furthermore, most clients complained how its services did not meet their expectations. With this, I recommend you to try out other companies.

Check out my top recommended precious metals company below. Thank you so much for reading my The Royal Mint Bullion Review. If you have any comments or questions, feel free to leave them in the comments section.

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 Questions? Call 855-444-7022


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