Money Metals Exchange Review: Is This Idaho-Based Precious Metals Dealer Right for You?

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Last Updated on: 10th May 2023, 11:26 am

Money Metals Exchange

Money Metals Exchange - byJack Choros, April 1, 2011

3.5/ 5stars

on

Money Metals Exchange

• Phone : (800) 800-1865
• URL :
  www.moneymetals.com
  

• Global Rating
• Our Global Rating (GR) is Math-Based. (Learn how it works)
  (3.5/5)
• Good

• User Rating

• (0/5)
• 0 No reviews yet!

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Review Summary :

Money Metals Exchange is a full-service precious metals investment company. Headquartered in Eagle, Idaho, it also will assist customers in establishing a Precious Metal IRA. The Money Metals Exchange inventory is extensive, offering a vast range of precious metals products. Gold, silver, palladium, and platinum coins and bars are on offer in the catalog. However, many of the listed items are deemed “Out of Stock” on the website. While their gold prices are more than fair, they charge a bit higher than market rates for silver. For those investors who are interested, the company’s inventory also contains rhodium and copper.

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Pros:

• $0 purchase minimums
• Uses best-in-class IRA custodians and third-party vaults
• A+ rating from the Better Business Bureau
• Very competitive gold pricing (~$60 over spot)

Cons:

• Relative newcomer to the industry (2010)
• High premium on exclusive coins
• High silver pricing (~35% over spot)

Quick Facts about Money Metals Exchange

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Company Info & Background

Money Metals Exchange (www.moneymetals.com) is a precious metals dealer and gold IRA company. Founded in 2010, it is based in Eagle, Idaho. They're a fair and reputable American metals dealer, with excellent gold prices yet a bit above-average silver pricing. 

Money Metals Exchange’s inventory is extensive, offering its customers a vast array of selections of gold, platinum, palladium, and silver coins and bars. Numerous coins and bars approved to be held in a Precious Metals IRA are present in the catalog. 

The Money Metals Exchange website has a comprehensive “News/Resources” section providing customers with numerous educational resources including an education center, podcast, precious metals charts, and an FAQ section.

Money Metals Exchange Management Team

According to its website, Money Metals Exchange was founded in 2010 by Stefan Gleason. He graduated from the University of Florida with a political science degree. 

On the company's LinkedIn profile, other key personnel is listed, such as:

• Clint Siegnar (Director)
• Doug Shockley (Director of Business Management)
• Tucker Henriksen (Depository Clerk)

According to the company's Datanyze profile, the firm does about $4.6M in gross revenue and employs 21 individuals.

Money Metals Exchange Custodians and Storage

Money Metals Exchange has partnered with New Direction Trust Company to provide its customers with custodial services.

With regards to storage options, Money Metals Exchange operates its own recognized depository facility. Moreover, customers can choose from other facilities including  Delaware Depository, Loomis International, CNT Depository, Dakota Depository, or International Depository Services Group.

Money Metals Exchange Products and Pricing

Money Metals Exchange has a massive inventory of platinum, silver, gold, and palladium products. Additionally, for those inventors who are inclined, there are also rhodium and copper items in the catalog. Many of the available coins and bars are IRA-approved including the Silver American Eagle, Gold Austrian Philharmonic, American Gold Buffalo, Gold Canadian Maple Leaf, Gold American Eagle, Gold Australian Kangaroo, Palladium American Eagle, Platinum Britannia, and Platinum Australian Kangaroo.

When it comes to gold pricing, Money Metals Exchange is very competitive. At the time of writing, in July 2022, the company's 1-ounce gold bullion bars are currently listed at only $62 over the daily spot price. In our books, this is an excellent deal since many American dealers offer gold bars at 5% over spot or even higher, which is at least $85 based on current pricing.

However, the same isn't true for silver. Money Metals Exchange offers 1-ounce silver bullion products at $5.50 over spot price, which is about 35% higher than the current market rate. That's more or less align with what their competitors offer, since many American firms list their silver bullion around 30% higher than the spot price.

For the most up to date pricing data, you can view more Money Metals Exchange products here.

Money Metals Exchange IRA Info

Money Metals Exchange Reviews, Ratings, and Complaints

Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Money Metals 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: 38 complaints closed in last 3 years (Details)
• BCA: CC (Details)
• BCA Complaints: No complaints
• Yellow Pages: Profile (Details)
• TrustLink: Profile (Details)
• RipOff Report: 2 Reports (Details)
• SiteJabber: Profile (Details)
• CitySearch: Profile (Details)
• Facebook: 20,000+ “Likes”, ⭐⭐⭐⭐ (Details) 

Money Metals Exchange Contact Information

• Address: PO Box 2599, Eagle, ID 83616
• Phone: (800) 800-1865
• Email: inquiry@moneymetals.com
• Website: www.moneymetals.com

Is Money Metals Exchange Right for You? 

Ultimately, we think that Money Metals Exchange is a solid gold, silver, and platinum-group metals dealer if you want a solid selection from a trusted American bullion company.

Nonetheless, it's imperative that you 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.

If you enjoyed our Money Metals Exchange reviews, consider checking out our other company reviews as well. For starters, we recommend reading out exclusive reviews of the top-rated gold IRA companies here.

Money Metals Exchange

Money Metals Exchange - byJack Choros, April 1, 2011

3.5/ 5stars

on

Money Metals Exchange

• Phone : (800) 800-1865
• URL :
  www.moneymetals.com
  

• Global Rating
• Our Global Rating (GR) is Math-Based. (Learn how it works)
  (3.5/5)
• Good

• User Rating

• (0/5)
• 0 No reviews yet!

Leave your rating

Review Summary :

Money Metals Exchange is a full-service precious metals investment company. Headquartered in Eagle, Idaho, it also will assist customers in establishing a Precious Metal IRA. The Money Metals Exchange inventory is extensive, offering a vast range of precious metals products. Gold, silver, palladium, and platinum coins and bars are on offer in the catalog. However, many of the listed items are deemed “Out of Stock” on the website. While their gold prices are more than fair, they charge a bit higher than market rates for silver. For those investors who are interested, the company’s inventory also contains rhodium and copper.

GET FREE KIT

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