Jack Hunt Coin Broker Review

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Last Updated on: 23rd September 2024, 09:59 pm

Jack Hunt Coin Broker
Jack Hunt Coin Broker - byJack Choros, April 1, 2011
3/ 5stars
on
Jack Hunt Coin Broker
Review Summary :

Jack Hunt Coin Broker is a precious metals dealer that specializes in selling gold and silver coins and bullion. They also buy scrap metals in bulk from regional pawnshops, collectors, and jewelry stores. The business was founded in 1968 and has been operating locally in Buffalo, New York for more than 4 decades.

Pros:

  • Best for buying coins in bulk
  • Excellent option for selling scrap precious metals
  • Solid 4.5-star Yelp review
  • Large gold bullion catalog available online
  • Family business since the 1960s

Cons:

  • No BBB rating
  • Some customer ratings quite low
Quick Facts about Jack Hunt Coin Broker
Year Founded:1968
Company Headquarters:Buffalo, New York
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Jack Hunt Coin Broker (JHCB) (www.jackhunt.com) is a precious metals dealer that specializes in selling gold and silver coins and bullion. They also buy scrap metals in bulk from regional pawnshops, collectors, and jewelry stores. The business was founded in 1968 and has been operating locally in Buffalo, New York for more than 4 decades. Up until 1979 the business was primarily a wholesale provider of numismatic coins. However, in the 1980's JHCB shifted towards coin/bullion selling and scrap precious metals buying. Since then the company has bought and sold more than 35 million troy ounces of gold, silver, and platinum.

About the Management

The owner and CEO of Jack Hunt Coin Broker is none other than Mr. Jack Hunt himself. However, Scott Hunt (Jack's son) has been serving as the company's president for a few years. Scott holds a Bachelor of Science in Marketing from Canisius College (Class of '91), and he worked for his father's company for 20 years before being promoted to President.

Jack Hunt Coin Ratings and Complaints (Last Updated January 2020)

The following are the top ratings and reviews from the internet's most popular business and website directories:

  • BBB Rating: No Rating (Details)
  • BBB Complaints: 0 complaints in the last 3 years (Details)
  • BCA: B (Details)
  • BCA Complaints: 0 complaints in the last 3 years (Details)
  • CitySearch: No Rating (Details)
  • RipOff Report: Not Listed
  • SiteJabber: Not Rated (Details)
  • Trustlink: Not Listed
  • Yellow Pages: Not Rated (Details)
  • Yelp: 4.5 out of 5 stars (4.5 / 5) based on 3 reviews (Details)

Jack Hunt Coin Prices and Products

JackHunt.com is JHCB's wholesale site, through which it sells gold and silver coins in bulk to registered coin dealers. If you're an individual looking to purchase coins to be stored in an IRA you might not be able to purchase precious metals through Jack Hunt's wholesale division; you may have better luck at their retail website – JackHuntGoldSilver.com (JHGS). For more information on their gold products and prices, see the JHGS retail gold bullion catalog.

There are no mentions of IRAs on either of Jack Hunt's websites, and the company does not appear to offer any precious metals storage services. Therefore, if you were to purchase precious metals from JHCB or JHGS with the intention of depositing directly into an IRA, you would first have to choose a custodian that would be willing to accept delivery of the metals on your behalf.

Jack Hunt Coin Contact Details

  • Address: 2746 Delaware Ave, Kenmore, NY 14217
  • Phone: 800-877-7424
  • Local Phone: (716) 874-7777
  • Fax: (716) 873-1510
  • Website (Retail): www.jackhuntgoldsilver.com

Consider All Options Before Investing in a Gold IRA

Most financial advisers recommend devoting about 5%-20% of your retirement portfolio to gold and other precious metals that protect against inflation, in order to safeguard a fraction of your wealth through retirement.

While 5%-20% may not be the majority of your holdings, in the event of a serious recession or global financial crisis, that minority could start to hold a majority in importance as the value of gold increases while the dollar and other fiat currencies plummet. Thus, choosing how to invest that seemingly small 5%-20% is one of the most critical retirement decisions you'll have to make.

The three most important factors to consider when comparing Gold IRA companies are:

  • Does the company have a great reputation?
  • Does it charge fair prices for its IRA-eligible bullion (including shipping policies, etc.)?
  • Is it partnered with an IRA custodian that charges a flat-rate fee, or do their custodians charge sliding scale fees?

The first two questions above should be fairly easy to answer. However, the answer to the third question is usually not so apparent. Usually you can found out which IRA custodians a company is affiliated with by searching through IRA-related pages on their website. However, sometimes the company may request that their clients call for more information, so the custodian fee structures are not always transparent.

By far, the most important aspect of choosing a custodian (aside from reputation, of course) is whether they charge a low flat-rate fee that stays the same regardless of the value stored in the account. Dealing with a custodian that charges a sliding scale fee will not facilitate an ideal investment because the cost of annual storage will increase as more precious metals are deposited into the account.

Contact Us if You Own or Represent Jack Hunt Coin

If you're an owner, representative, or associate of Jack Hunt Coin, and you've noticed any information within this review that is inaccurate, misleading, or outdated, please feel free to contact us with revision or removal requests. With the goal of giving our readers the most accurate reviews possible we will honor any honest, fact-based requests.

Jack Hunt Coin Broker
Jack Hunt Coin Broker - byJack Choros, April 1, 2011
3/ 5stars
on
Jack Hunt Coin Broker
Review Summary :

Jack Hunt Coin Broker is a precious metals dealer that specializes in selling gold and silver coins and bullion. They also buy scrap metals in bulk from regional pawnshops, collectors, and jewelry stores. The business was founded in 1968 and has been operating locally in Buffalo, New York for more than 4 decades.

Have you purchased products from Jack Hunt Coin Broker? Leave a review!

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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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