Midwest Bullion Exchange Review

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Last Updated on: 9th May 2023, 10:35 pm

Midwest Bullion Exchange
Midwest Bullion Exchange - bySarah Bauder, April 1, 2011
3.5/ 5stars
on
Midwest Bullion Exchange
Review Summary :

Midwest Bullion Exchange (also known as Private Bullion) was founded in 2009. The company is a precious metals dealer, and provides clientele with assistance in establishing Precious Metals IRAs. Its inventory consists of both IRA-eligible bullion products, and collectible coins for investors and collectors. Gold, silver, platinum, palladium, and even copper products are available in the catalog. Unfortunately, at this time many of the products have been deemed “Out of Stock”.

Pros:

  • "A+" rating from the BBB
  • Multiple 5-star user reviews on Yelp, Trustpilot, etc.
  • Large product variety and inventory

Cons:

  • Some items routinely go out of stock online
  • Premiums can run a little higher
  • Relative newcomer to the industry (2009)
Quick Facts about Midwest Bullion Exchange
Year Founded:2009
Company Headquarters:Minnetonka, Minnesota
Annual Fees:Variable
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:No
Assets Offered:Gold, Silver, Palladium, Platinum, in addition to Copper collectables
Offers Other Assets?:No
Custodian:Goldstar Trust Company
Current Promotion:N/A
Supports Home Storage?:Yes, for collectible products
International Storage?:Yes
Segregated Storage?:Yes
Preferred Storage Location:Several locations
Preferred Storage Vault:Delaware Depository
Reviewed By:Sarah Bauder
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Company Info and Background

Midwest Bullion Exchange (www.privatebullion.com) is a full-service precious metals dealer headquartered in Minnetonka, Minnesota. Established in 2009, the company offers a wide selection of IRA-approved bullion products and collectible coins. Goldstar Trust Company provides custodial services, and Delaware Depository provides vault storage.

The company has a wide range of gold, silver, platinum, and palladium coins and bars. Additionally, many of the most popular IRA-eligible coins are in the inventory. Midwest Bullion Exchange also offers collectible coins for investors and collectors.

On its website, Midwest Bullion Exchange states that, “Our bedrock philosophy is to provide our customers with only the highest standard products available in the marketplace”.

Midwest Bullion Exchange Management Team

The Midwest Bullion Exchange website is not forthcoming with its management team. However, LinkedIn listed Scott Hage as the owner of the company.

Midwest Bullion Exchange Custodian and Storage

Vault storage of IRA-eligible precious metals purchased from Midwest Bullion Exchange is provided by Delaware Depository. This facility offers both segregated or non-segregated storage options and is fully insured through Lloyd’s of London – one of the oldest insurance companies in the world. Delaware Depository also offers international storage options, with facilities using the sub-custody services of Bank of Nova Scotia in Toronto, ON, Canada, and Via MAT International located in Zurich, Switzerland.

Regarding custodial services, Midwest Bullion Exchange has partnered with Goldstar Trust Company.

Midwest Bullion ExchangeProducts

Midwest Bullion Exchange offers a wide selection of gold, silver, platinum, and palladium coins and bars, many of which are IRA-eligible products. Examples of gold products include the American Gold Buffalo, Gold Canadian Maple Leaf, Gold Austrian Philharmonic. For silver, options include the American Silver Eagle and Canadian Silver Maple Leaf. For those interested in platinum, there is the Platinum American Eagle. For palladium options, there is the Canadian Palladium Maple Leaf. It must be noted that at this time, many of the products have been deemed “Out of Stock” on the company website.

View more Midwest Bullion Exchange products here.

Midwest Bullion Exchange Precious Metals IRA Info

CompanyMidwest Bullion Exchange
Annual CostVariable
Scaled or Flat Fees? Flat Fees
Partnered Storage Vault Delaware Depository
Partnered Custodian GoldStar Trust Company
Metals Available Gold, Silver, Platinum, and Palladium
Years in Business12 years (2009)

Midwest Bullion Exchange Reviews, Ratings, and Complaints

Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Midwest Bullion Exchange from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.

  • BBB Rating: A+ (Details)
  • BBB Complaints: 0 complaint closed in last 3 years (Details)
  • Yellow Pages: ⭐⭐⭐⭐⭐ (Details)
  • TrustLink: Profile (Details)
  • Trustpilot: Profile (Details)
  • RipOff Report: 0 Reports
  • Yelp: ⭐⭐⭐⭐⭐ (Details)
  • Facebook: Profile (Details)

Midwest Bullion Exchange Contact Information

  • Address: 601 Carlson Pkwy Ste 1050, Minnetonka, MN 55305-5219
  • Phone: 888-928-3390
  • Email: info@privatebullion.com
  • Website: www.privatebullion.com

Review All IRA Options Before Investing

It is essential to carefully consider the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, policies, practices, and most importantly, storage fees for precious metals.

Midwest Bullion Exchange
Midwest Bullion Exchange - bySarah Bauder, April 1, 2011
3.5/ 5stars
on
Midwest Bullion Exchange
Review Summary :

Midwest Bullion Exchange (also known as Private Bullion) was founded in 2009. The company is a precious metals dealer, and provides clientele with assistance in establishing Precious Metals IRAs. Its inventory consists of both IRA-eligible bullion products, and collectible coins for investors and collectors. Gold, silver, platinum, palladium, and even copper products are available in the catalog. Unfortunately, at this time many of the products have been deemed “Out of Stock”.

Have you purchased products from Midwest Bullion Exchange? Leave a review!

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Sarah Bauder
Sarah Bauder

Sarah Bauder has a decade of experience at numerous publications, writing about finance, politics, economy and more.

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