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Questions? Call (626) 605-3152Northwest Territorial Mint Review
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Last Updated on: 23rd September 2024, 09:57 pm
- Phone : 775-461-3725
- URL :
- Global Rating
- Good
User Rating
- 2 Reviews
Northwest Territorial Mint s a private mint and bullion dealer that specializes in designing, manufacturing, and distributing coins, knives, medallions, and other custom-minted products. It is regarded as one of America's largest private mints, and has clients that include corporation, institutions, and individual investors from markets around the globe.
Pros:
- Been in busy nearly 40 years
- Staffed by precious metals experts
- Fair prices and low fees
Cons:
- Limited selection of IRA-eligible bullion and coins
- Variable shipping times
Bill HeardJoeNorthwest Territorial Mint (http://www.nwtmint.com/) is a private mint and bullion dealer that specializes in designing, manufacturing, and distributing coins, knives, medallions, and other custom-minted products. It is regarded as one of America's largest private mints, and has clients that include corporation, institutions, and individual investors from markets around the globe.
Table of Contents
About the Management
Northwest Territorial Mint was founded in 1984 by Ross Hansen, who is listed by the BBB as the company's Managing Member. Hansen is a seasoned bullion dealer and minting expert with more than 30 years of experience. He began his first endeavor in the precious metals industry in 1981, at the young age of 20, when he founded Auburn Precious Metals.
Northwest Territorial Mint Ratings and Complaints
Here are the most important ratings and reviews on Northwest territorial Mint from around the web:
- BBB Rating: No Rating (Details)
- BBB Complaints: N/A (Details)
- BCA: ⭐, B (Details)
- BCA Complaints: 0 complaints in the past 3 years (Details)
- CitySearch: Not Rated (Details)
- RipOff Report: 2,245 complaints (Details)
- SiteJabber: Not Rated (Details)
- Trustlink: Not Rated (Details)
- Yellow Pages: Not Rated (Details)
- Yelp:
(1.5 / 5) based on 48 reviews (Details)
Most of the complaints against Northwest Territorial Mint are listed on the BBB or RipOffReport.com and have to do with delivery issues, problems with the product or service, or advertising and sales issues. In the past, a total of thirty-four negative reviews had been left about this mint on their BBB profile.
Northwest Territorial Mint Prices and Products
Northwest Territorial Mint sells a variety of gold, silver, platinum, and palladium bars and coins. The company mints its own .999 fine silver and offers American Gold Eagle coins in denominations of 1 ounce, ½ ounce, ¼ ounce, and one-tenth of an ounce, as well as one ounce American Gold Silver coins, all at volume discounted prices depicted in the following table:
Prices on September 5th, 2014:
| Coin | Price Per Coin (by Volume Ordered) |
|---|---|
| American Gold Eagle - 1 Ounce | $1,385.48 (for 1-4) $1,333.19 (for 5-9) $1,328.19 (for 10-49) $1,323.19 (for 50+) |
| American Gold Eagle - 1/2 ounce | $715.23 (for 1-9) $686.44 (for 10+) |
| American Gold Eagle - 1/4 | $368.47 (for 1-19) $353.62 (for 20+) |
| American Gold Eagle - one tenth | $150.73 (for 1-49) $144.53 (for 50+) |
| American Silver Eagle | $23.99 (for 1-59) $22.78 (for 60-119) $22.28 (for 120-499) $21.78 (for 500+) |
One convenient aspect of the nwtmint.com bullion store is that it specifies whether a product is IRA-approved within a noticeable checkbox located below or next to each product image/description.
Northwest Territorial Mint refers its customers to GoldStar Trust Company for IRA precious metals storage. GoldStar Trust Company has its own annual fee structure for storing precious metals, and these costs will be incurred in addition to the price of purchasing the metals from nwtmint.com. The following table shows example scenarios that illustrate the annual cost of storing precious metals in a GoldStar IRA:
| Market Value of Assets | Gold Storage Fee | Silver Storage Fee | Example Scenario |
|---|---|---|---|
| $0 to $99,999 | 0.65% | 0.65% | $325 annual fee to store $50,000 in gold or silver |
| $100,000 to $499,999 | 0.58% | 0.60% | $600 annual fee to store $100k in silver, $580 annual fee to store $100k in gold |
| $500,000 to $999,999 | 0.50% | 0.52% | $2,500 annual fee to store $500k in gold, $2,600 to store $500k in silver |
| $1,000,000 to $2,999,999 | 0.48% | 0.50% | $4,800 annual fee to store $1 million in gold, $5,000 to store $1 million in silver |
| $3,000,000 to $4,999,999 | 0.45% | 0.45% | $13,500 annual fee to store $3 million in gold or silver |
| $5,000,000 and over | 0.42% | 0.42% | $21,000 annual fee to store $5 million in gold or silver |
You'll notice that the above pricing is based on a sliding scale fee structure. This is by no means ideal, as it is not the most affordable or sensible option. Why? Because there are some companies that store precious metals for a flat rate annual fee regardless of the value of the assets being stored in the account. By opting for an IRA precious metals storage solution that charges a flat rate fee you eliminate the rising costs associated with sliding scale fee structures.
Contact Details
- Address: 2505 S 320th St, Federal Way, WA 98003-5400
- Phone: (800) 344-6468
- Alternate Phone: (800)-843-9854
- Fax: (253) 735-2210
- Email: custominfo@nwtmint.com
- Website: http://www.nwtmint.com
Always Consider All Options Before You Buy
After learning about the history and reputation of a fairly established company it can be easy to jump to conclusions when selecting a precious metals dealer or IRA firm. However, keep in mind that each provider has its own unique pricing and business policies. Luckily for you, we've taken the time to research and review 10 of the most prominent precious metals IRA companies in the industry, so you can find the information you need to make a well-informed comparison.
Contact Us if You Own or Represent Northwest Territorial Mint
If you're an owner, representative, or employee of Northwest Territorial Mint, and you'd like us to correct or update any of the information contained on this page, feel free to contact us to address your concerns. We aim to keep our company reviews as accurate and up-to-date as possible for the benefit of our readers.
- Phone : 775-461-3725
- URL :
- Global Rating
- Good
User Rating
- 2 Reviews
Northwest Territorial Mint s a private mint and bullion dealer that specializes in designing, manufacturing, and distributing coins, knives, medallions, and other custom-minted products. It is regarded as one of America's largest private mints, and has clients that include corporation, institutions, and individual investors from markets around the globe.
Bill HeardJoe
Gold: $2,623.20
Silver: $29.51
Platinum: $929.27
Palladium: $917.22
Bitcoin: $98,210.06
Ethereum: $3,442.95