SilverTowne Review

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Last Updated on: 10th May 2023, 12:13 pm

SilverTowne
SilverTowne - byJack Choros, April 1, 2011
4/ 5stars
on
SilverTowne
Review Summary :

SilverTowne was founded in 1949 by Leon Hendrickson. Over the past seven decades, the company has become one of the most respected precious metals dealers in the industry. This precious metals dealer focuses on providing clientele with IRA-approved bullion, and collectibles, and a myriad of other products. SilverTowne has relationships with New Direction IRA, The Entrust Group, Millenium Trust Company. Preferred depositories are the International Depository Services of Delaware, the International Depository Services of Canada, and CNT Depository Inc.

Pros:

  • In-house IRA setup services available
  • Low fees and reasonable markups
  • Fast shipping times
  • Fairly strong customer reviews and ratings
  • Among the oldest precious metals companies in America (1949)

Cons:

  • Often out of stock
  • Customer service can be slow to respond to inquiries
  • Not accredited by the BBB
Quick Facts about SilverTowne
Year Founded:1949
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Company Info & Background

SilverTowne (www.silvertowne.com) focuses mainly on offering precious metals products that can be held in precious metals IRAs, or added to portfolios. It is headquartered in Winchester, Indiana. The firm also helps customers set up self-directed IRAs.

The catalog has a plethora of options for coins, bars, rounds, collectibles, and numismatics. Many of the eligible products for a Precious Metals IRA are present.

The SilverTowne website offers everything from a free “Guide to Gold and Silver”, to market details, a television series, a blog, to an industry terminology glossary.

SilverTowne Management Team

In 1949, Leon Hendrickson founded SilverTowne. Hendrickson and his wife Ruhama fostered a company that has endured and flourished for decades. SilverTowne is one of the oldest precious metals dealers in America.

SilverTowne Custodians and Storage

SilverTowne has relationships with New Direction IRA, The Entrust Group, Millenium Trust Company. Preferred depositories are the International Depository Services of Delaware, the International Depository Services of Canada, and  CNT Depository Inc.

 SilverTowne Products

The SilverTowne catalog of investment products consists of IRA-eligible coins, numismatic coins, and collectible products. The company offers some of the most popular IRA-eligible coins including Gold Austrian Philharmonic, Silver Canadian Maple Leaf,  Gold American Eagle, Australia Gold Kangaroo, Gold American Buffalo, Gold Canadian Maple Leaf, Palladium Canadian Maple Leaf, Platinum American Eagle, and the Silver Britannia. 

View more SilverTowne products here.

SilverTowne Precious Metals IRA Info

CompanySilverTowne
Annual CostVariable
Scaled or Flat Fees? Flat Fees
Partnered Storage Vaults CNT Depository Inc., the International Depository Services of Delaware, and the International Depository Services of Canada
Partnered Custodian New Direction IRA
Metals Available Gold, silver, palladium, platinum
Years in Business 72 years (1949)

SilverTowne Reviews, Ratings, and Complaints

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

  • BBB Rating: Not Accredited (Details)
  • BBB Complaints:  Not Accredited (Details)
  • CitySearch: Profile (Details)
  • RipOff Report: 0 Reports
  • SiteJabber: Profile (Details)
  • Yellow Pages: Profile (Details)
  • Yelp: Profile (Details)
  • Trustpilot: ⭐⭐⭐⭐ (Details)
  • Facebook: ⭐⭐⭐⭐(Details)

SilverTowne Contact Information

  • Address: 120 E Union City Pike, Winchester, IN 47394
  • Phone: 800-788-7481
  • Email: sales@silvertowne.com
  • Website: www.silvertowne.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.

SilverTowne
SilverTowne - byJack Choros, April 1, 2011
4/ 5stars
on
SilverTowne
Review Summary :

SilverTowne was founded in 1949 by Leon Hendrickson. Over the past seven decades, the company has become one of the most respected precious metals dealers in the industry. This precious metals dealer focuses on providing clientele with IRA-approved bullion, and collectibles, and a myriad of other products. SilverTowne has relationships with New Direction IRA, The Entrust Group, Millenium Trust Company. Preferred depositories are the International Depository Services of Delaware, the International Depository Services of Canada, and CNT Depository Inc.

Have you purchased products from SilverTowne? Leave a review!

Leave your rating

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Leave a rating:

Jack Choros
Jack Choros

Jack Choros is a content writer with a passion for content marketing, finance, and technology. He has extensive experience working for tech startups in the blockchain technology, cryptocurrency, and Web3 space.

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FTC Disclosure: We are an independent blog that aims at providing useful information for retirement account owners interested in alternative assets like precious metals. However, our content does NOT constitute financial advice. Please speak to your financial advisor before making any investment decision. Also, the data quoted on this website represents past performance and does not guarantee future results.

 

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