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Northwest Territorial Mint Review

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Northwest 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.

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 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: F (Details)
  • BBB Complaints: 402 complaints in the last 3 years (Details)
  • BCA: B (Details)
  • BCA Complaints: 1 complaint in the past 3 years (Details)
  • CitySearch: Not Rated (Details)
  • Google+: 3.1 Stars (3.1 / 5) based on 106 reviews (Details)
  • RipOff Report: 24 complaints in the last 6 years (Details)
  • SiteJabber: Not Rated (Details)
  • Trustlink: Not Rated (Details)
  • Yellow Pages: Not Rated (Details)
  • Yelp: 1.5 Stars (1.5 / 5) based on 26 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. A total of thirty-four negative reviews have 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:

CoinPrice 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 AssetsGold Storage FeeSilver Storage FeeExample Scenario
$0 to $99,9990.65%0.65%$325 annual fee to store $50,000 in gold or silver
$100,000 to $499,9990.58%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 over0.42%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

Key Pages From Northwest Territorial Mint's Website

These are some of the most important/informative pages from nwtmint.com:

  • About Mintinga detailed overview of the minting process and different materials and components used in minting.
  • Bullion Catalog – This page provides easy access to Northwest Territorial Mint's entire catalog of gold, silver, platinum, and palladium bullion products, as well as directions on how to purchase the bullion online or over the phone.
  • Buying/Selling Bullion – Provides an in-depth guide to buying bullion from Northwest Territorial Mint, including details about the terms of sale, type of bullion products offered, and a Frequently Asked Questions (FAQ) section.

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 70 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.

Northwest Territorial Mint
  • Editor Rating

  • Rated 3 stars
  • Good
  • 0/5 Avg. User Rating

  • Rated 0 stars
  • 0 No reviews yet!

  • Quality
    Editor: 85%
  • Customer Support
    Editor: 90%
  • Pricing & Fees
    Editor: 90%

Review Summary:

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.

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.

Editor rating
Rated 3 stars
User rating
Rated 0 stars
2 Comments
  • Bill Heard
    March 30, 2016 at 9:39 pm

    Well I guess today begins the process of revealing the horrible scam that is Northwest Territorial Mint.

    According to the contract I entered into with them by way of ordering their product, they are guilty of Fraud. They neither sent my order in the time “THEY” outlined and when it was so overdue, over 6 months, I chose to receive my money back, almost $5,000.00. When I tried to get some information, I was told by, Samantha, an in-house operative, that they were locked down and that their owner was under investigation. She had given me the date my check was written & the check number but it wouldn’t be released because of what was pending. I asked her if they were still taking orders & she said “No” but something might squeak through”. So I asked her if she was drawing a pay-check, “did you get paid last week?” to which she told me that was none of my business and that she was going to disconnect me now. she said, “They would CONtact me when things changed” So today I begin the process that will cost me more money but I am so angry with their unscrupulous business practices that I am willing to do it. Someone has to take the time to bring them out in the open. Their local newspapers, BBB. Attorney General in their state. Federal Business inquiry, and all the business that deal with them will be getting pertinent information. I am done with waiting.

  • Joe
    April 2, 2016 at 9:03 pm

    Did you know that they are withholding refunds now cause Ross Hansen has a 38 million dollar judgement against him? Here is the link:

    http://www.king5.com/news/local/federal-way-business-owes-money-to-hundreds-of-customers/110702952

    FEDERAL WAY, WASH. – The owner of a large gold and silver mint based in Federal Way admits he owes money to 100 to 200 customers all over the country.

    Ross Hansen, owner of Northwest Territorial Mint, says he has not delivered products or refunded money to those customers even when they demanded it.

    Northwest Territorial Mint is one of the largest private gold and silver mints in the country.

    One of those unhappy customers is Kelly Clifton, who runs a small ministry in Sultan.

    Clifton ordered $6,000 worth of gold bullion in February from a small inheritance. A few weeks later, while still waiting for the gold, she says she asked for a refund. The company gave her half, she says.

    “The rest of it, we were told, we may get or we may not get,” said Clifton.

    Other customers have similar complaints.

    Hansen told KING 5 he is not selling products or refunding money because he lost a $38 million defamation lawsuit in Nevada.

    According to Hansen, a judge ordered him not to refund money.

    Hansen is scheduled to appear in court in King County on Friday related to the case.

    Northwest Territorial Mint has been in trouble with officials before. In 2008, the Washington Attorney General ordered the company to deliver products it sold.

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