Welcome to my U.S. Mint Review!
Diversifying your investments are a great way of strengthening them. At this time, there are new investments emerging, such as the latest various cryptocurrencies available in the market.
However, these markets are very volatile. If you focus on them only, then it could mean bad for your investments. By diversifying and investing in precious metals, you can avoid this.
Before you start, you need to keep your eye on the legit dealers, as well as the scams. In this U.S. Mint Review, we will find out whether it is safe for you to get your precious metals from!
Without any further ado, let's get started.
U.S. Mint Review Quick Summary
What is U.S. Mint?
U.S. Mint is a bureau that is under its parent organization, the Department of Treasury with the authority and responsibility to produce coinage for the country.
Moreover, it oversees the movement and trade of bullion. However, the U.S. Mint does not produce any forms of paper money. This responsibility belongs to the Bureau of Engraving and Printing.
It was founded in 1972 in Philadelphia. Since then, the U.S. Mint has been manufacturing the country's coinage for its trade and commerce.
Today, it has 6 facilities around the United States: Philadelphia, San Francisco, Denver, West Point in New York, Fort Knox and Washington, DC.
The U.S. Mint has an e-commerce website that allows people to shop for their products online. You can see the link above in the quick summary.
Upon researching about the U.S. Mint, I came upon another website, https://usagovmint.com. Upon visiting this website, it looks very similar to the actual U.S. Mint website.
But it looks kind of fishy because of the low-quality pictures in it, as well as its interface. Moreover, the contact us page shows that its location is in Alabama. This is weird because the U.S. Mint does not have a facility in this location.
Lastly, the URL is also fishy. Usually, when government agencies have their websites, they use gov as their top-level domain. This website, https://usagovmint.com, seems like it only copied the original link and used .com as its domain.
So when you are interested in buying coins from the U.S. Mint, use its actual website.
Another thing that you should know is to not confuse U.S. Mint with American Mint. The latter is a coin and collectibles provider that is not in any way, tied with the government.
U.S. Mint Products
Moreover, the U.S. Mint website has an online shop. The product categories are the following: coins, medals, paper currency, engraved prints, subscriptions, gift ideas and collections.
Apart from the product catalog, the website also has a feature that shows the year's product schedule. Basically, clients can see the kinds of coins and products that will be available in a given period of time.
In this way, they can check in advance the products they are interested in. And they can also choose the option to be notified once these products are available.
U.S. Mint Services
The U.S. Mint has an e-commerce website. This allows customers to shop its products online. Moreover, the website does reveal the prices of each of these products.
This is a big deal because there are several precious metals and coin providers out there that do not reveal the prices of their products. Clients need to contact them first before they can know.
Tours and facilities
The U.S. Mint also offers tours to its Philadelphia and Denver facilities. And what makes this unique is the fact that it has two kinds of tours!
One is a virtual tour. Clients can download an app from Google Play and App Store and get to experience the facilities of the U.S. Mint from their mobile phones and gadgets!
The other one are in-person tours. Clients can personally get to visit facilities!
In this way, clients are given the opportunity to learn about the state of the coin manufacturing industry, as well as the history of the mint.
Bulk purchase program
U.S. Mint offers a program to its clients wherein they can purchase products in bulk. There are two kinds: Numismatic Bulk Purchase Program and Circulating Coin Bulk Purchase Program.
Moreover, there are certain requirements that a client must meet if he/she is interested in these programs.
Some of these requirements include being a full-time licensed coin dealer, as well as a minimum number of bulk bag.
You can check the requirements in its website.
The U.S. Mint rewards its most loyal customers with this program. With that being said, a client must have made 3 or more purchases with the mint within a year to qualify for this program.
These clients will enjoy the free budget shipping in the same year that these purchases are made.
Apart from these services, the U.S. Mint values education and information. It has materials in its website that informs its clients about its history, the production process, collecting basis and many more.
In fact, it also has a website that is for kids, which also contains child-friendly content about the industry. And, it has fun games that the kids will truly enjoy.
How to get started?
To start purchasing from U.S. Mint, all you need to do is to create an account in its website. Doing this will allow you to add items to your cart.
This is very similar to almost all of the e-commerce services out there. Moreover, it is user-friendly.
After that, clients can proceed to the payment and they just need to wait for the shipping. Information about the rates, shipping and payment methods can be found below.
U.S. Mint Payment Methods
The U.S. Mint has specifically stated that all orders must be paid with U.S. dollars. The following are the payment methods:
- U.S. Mint-issued e-gift certificates
- Credit cards (VISA, MasterCard, American Express and Discover)
Moreover, the U.S. Mint does not accept debit cards, unless the card was issued as a check with a MasterCard or VISA logo.
Orders that are made through telephone can be paid using credit cards or wire transfer.
For those who will make bulk purchases with a total cost of less than $25,000, clients can pay through credit card, wire transfer, ACH wire or ACH transfers. However, the U.S. Mint must receive these payments within 5 business days from the day of the purchase to avoid cancellation of orders.
Moreover, bulk purchases over $25,000, can be paid with wire or ACH transfer, within 5 business days from the day of purchase.
One last thing to note about the payment methods of the U.S. Mint is its transaction limits.
- Credit card orders are accepted online for up to $24,999
- Paypal is accepted for online orders up to $10,000
- ACH transfer for bulk purchases are accepted for orders that cost up to $99,000,000
U.S. Mint Shipping
The U.S. Mint has several shipping options. Below is a table of these options, along with their costs and estimated shipping time.
Take note that clients must allow 1 to 2 business days for the processing of the orders.
U.S. Mint Order Returns
If clients are not satisfied with their orders or they just simply what to return their orders, the U.S. Mint has certain policies for these situations.
First, clients are given 7 days from the day they receive their orders, for them to return it. To return it, the products must be shipped through this address:
ATTN: USM Returns – Dock Door 35
4638 E SHELBY DR STE 104
MEMPHIS TN 38118-7423
Moreover, all of the products will be refunded, except for the shipping charges.
U.S. Mint Ratings and Reviews
This section is where things get a bit spicy. We will be checking U.S. Mint's ratings and reviews and how clients view its services and products.
The following are the ratings and reviews of U.S. Mint from various websites:
- BBB - 1 out of 5 rating based on 2 reviews, not BBB accredited
- Glassdoor - 3.2 out of 5 rating based on 34 reviews
- Pissed Consumer - 1.8 out of 5 rating based on 75 reviews
- Trustpilot - 3 out of 5 rating based on 7 reviews
Based on these ratings and reviews, it is quite surprising how U.S. Mint, a government bureau, received low ratings. Most of these reviews come from customers who experienced bad-quality customer service.
Moreover, some of the problems that the other clients experienced are regarding online through the website.
If you are the type of investor who really values good ratings and reviews of your precious metals companies, then clearly, the U.S. Mint is not up to your standards.
There are several companies with a much better reputation and record like our top recommended firm.
U.S. Mint Pros and Cons
- Good variety of products and services
- Offers various programs
- Government bureau
- It received negative reviews and low ratings
Is U.S. Mint a scam?
To conclude this U.S. Mint Review, let's find out the answer to this question.
Obviously, the U.S. Mint is not a scam. It is a bureau of the U.S. Department of Treasury who manufactures the country's coinage. All of the coins that circulate around the country and made from them.
However, is it a good company to buy your coins from? That is a different question. Based on the ratings and reviews, it might not be the best for you.
Remember, when it comes to these investments, you need to be smart and do your research. Make deals with the best of the best, to also get the best of everything in your investments.
There are a lot of companies out there that are well-known and more experienced in dealing with precious metals and bullions for your investments.
For one, you can click the button below to check out the best company in the industry today.
Thank you so much for reading my U.S. Mint Review! If you have any comments or questions, feel free to leave them in the comments section.