Mid-American Bullion: Unique Highlights Overview
Mid-American Rare Coin Galleries, founded in 1984 by Jeff Garrett, is a prominent numismatic firm based in Lexington, Kentucky. With over 40 years in the industry, the company has established itself as a leading dealer in rare U.S. coins, offering a diverse inventory that emphasizes quality and value.
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Their commitment to educating clients is evident through resources like articles, videos, and direct consultations, ensuring informed decisions for both novice and seasoned collectors. Jeff Garrett, a respected figure in numismatics, has authored several books, including “100 Greatest U.S. Coins,” and serves as the senior editor for the “Official Red Book,” a widely used price guide.
His expertise and leadership have been instrumental in shaping the company’s reputation for knowledge and integrity. Mid-American Rare Coin Galleries also maintains a strong presence at major coin shows across the United States, showcasing rare and collectible coins to a broad audience.
Their dedication to the numismatic community extends beyond sales, as they actively engage in community leadership and support numismatic education initiatives. For those interested in exploring their offerings or seeking professional advice, more information can be found on their official website.
What is the Mid-American Bullion?
Mid American Bullion is a precious metals dealer located inside David Kay Jewelers at 7355 Lewis Avenue, Suite A, Temperance, Michigan 48182. Serving the Toledo area, they specialize in buying and selling gold, silver, and platinum in various forms, including coins and bars.
Their experienced staff assists clients in transactions involving gold coins, gold bars, unwanted gold jewelry, silver coins, silver bars, and other silver products. They are recognized for offering competitive pricing in the region.
In addition to physical bullion, Mid American Bullion provides numismatic coins and investment or retirement vehicles, catering to both collectors and investors.
While specific details about their inventory and services are limited, their commitment to customer service and competitive pricing positions them as a notable option for precious metals transactions in the Toledo area.
For more information or to inquire about specific products and services, potential clients are encouraged to contact Mid American Bullion directly at 734-224-7999.
Who are the People Behind Mid American Bullion?
Mid American Bullion, located within David Kay Jewelers at 7355 Lewis Avenue, Suite A, Temperance, Michigan 48182, serves the Toledo area, specializing in the buying and selling of gold, silver, and platinum in various forms, including coins and bars.
While specific details about the company’s leadership are not publicly disclosed, their experienced staff is dedicated to assisting clients with transactions involving precious metals, ensuring competitive pricing and a customer-focused experience.
For more information or inquiries, potential clients are encouraged to contact Mid American Bullion directly at 734-224-7999.
Does Mid American Bullion Offer IRA Services?
Mid American Bullion, located within David Kay Jewelers at 7355 Lewis Avenue, Suite A, Temperance, Michigan 48182, specializes in buying and selling gold, silver, and platinum in various forms, including coins and bars.
While they offer a range of precious metals products and services, there is no explicit information indicating that they provide Individual Retirement Account (IRA) services, such as setting up or managing Precious Metals IRAs.
For investors interested in incorporating physical precious metals into their retirement portfolios, it’s essential to work with a company experienced in facilitating Self-Directed IRAs.
These specialized accounts allow for alternative investments, including certain gold and silver products, within a tax-advantaged retirement plan. Companies like American Bullion specialize in Gold IRA rollovers, enabling investments in precious metals for retirement purposes.
If you’re considering adding precious metals to your retirement strategy, it’s advisable to consult with a financial advisor or a specialized firm that offers comprehensive IRA services.
They can guide you through the process, ensuring compliance with IRS regulations and helping you make informed investment decisions aligned with your retirement goals.
What Products Can You Purchase at Mid American Bullion?
Mid American Bullion, located within David Kay Jewelers at 7355 Lewis Avenue, Suite A, Temperance, Michigan 48182, offers a range of products and services for both collectors and investors in the Toledo area. Their offerings include:
1. Precious Metals
- Gold Products: They buy and sell gold in various forms, including coins, bars, and unwanted gold jewelry.
- Silver Products: Their inventory includes silver coins, bars, and other silver items.
- Platinum Products: Transactions involving platinum coins and bars are also available.
2. Numismatic Coins
For collectors, Mid-American Bullion offers a selection of rare and collectible coins, catering to various numismatic interests.
3. Investment and Retirement Options
They provide investment-grade precious metals suitable for portfolios, including options for retirement accounts.
For specific product availability or to inquire about particular items, it’s recommended to contact Mid American Bullion directly at 734-224-7999.
Mid American Bullion Fees and Pricing:
Mid American Bullion, located within David Kay Jewelers at 7355 Lewis Avenue, Suite A, Temperance, Michigan 48182, specializes in buying and selling gold, silver, and platinum in various forms, including coins and bars.
While specific details about their fees and pricing structures are not publicly disclosed, they are recognized for offering competitive pricing in the Toledo area.
1. Purchasing Precious Metals
- Product Pricing: Prices for gold, silver, and platinum products typically reflect current market values, with premiums over the spot price. These premiums can vary based on factors such as product type, weight, and demand.
- Transparency: While Mid American Bullion is noted for its competitive pricing, some reviews suggest that the level of transparency surrounding their prices leaves room for improvement.
2. Selling to Mid American Bullion
- Buyback Rates: When selling precious metals, dealers often offer a percentage of the current spot price, considering factors like metal purity and condition. Specific buyback rates at Mid American Bullion are not publicly available.
3. Additional Considerations
- Market Fluctuations: Precious metals prices are subject to market volatility. It’s advisable to verify current spot prices and inquire directly about premiums or discounts applied to transactions.
- Direct Inquiries: For precise information on fees, pricing, and available products, contacting Mid American Bullion directly at 734-224-7999 is recommended.
Therefore, while Mid American Bullion is recognized for competitive pricing in the Toledo area, specific details about their fees and pricing structures are not publicly disclosed. Prospective clients are encouraged to reach out directly to obtain accurate and up-to-date information tailored to their specific needs.
Why aren’t There Many Mid American Bullion Complaints?
Mid American Bullion, located within David Kay Jewelers at 7355 Lewis Avenue, Suite A, Temperance, Michigan 48182, has garnered a reputation for offering competitive pricing on gold, silver, and platinum products in the Toledo area. Notably, there is a scarcity of public complaints against the company. Several factors may contribute to this positive standing:
1. Competitive Pricing
Mid American Bullion positions itself as the “Toledo Area’s lowest cost dealer” for precious metals, suggesting a commitment to providing favorable rates for their customers.
2. Experienced Staff
The company emphasizes having an experienced team ready to assist clients in buying or selling gold, silver, and platinum items. This expertise likely fosters customer confidence and satisfaction, reducing the likelihood of complaints.
3. Limited Online Presence
The absence of negative feedback may also be due to a limited online presence, resulting in fewer platforms for customers to voice concerns. While this doesn’t necessarily indicate a lack of issues, it does mean there’s less public documentation of any potential complaints.
4. Proactive Customer Service
A focus on personalized service and customer education can lead to positive experiences. By ensuring clients are well-informed and satisfied with their transactions, Mid American Bullion may effectively minimize dissatisfaction and subsequent complaints.
In summary, the combination of competitive pricing, experienced staff, a limited online footprint, and proactive customer service likely contributes to the minimal public complaints regarding Mid American Bullion.
Are There Any Mid American Bullion Lawsuits?
As of February 2025, there are no publicly documented lawsuits involving Mid American Bullion, a precious metals dealer located within David Kay Jewelers at 7355 Lewis Avenue, Suite A, Temperance, Michigan 48182. This absence of legal disputes suggests a commitment to ethical business practices and customer satisfaction.
It’s important to distinguish Mid American Bullion from similarly named entities involved in legal proceedings. For instance, a class-action lawsuit was filed against MidAmerican Energy Services, an energy company based in Des Moines, alleging overcharges during a winter storm. This case is unrelated to Mid American Bullion.
The lack of legal issues associated with Mid American Bullion reflects positively on their operations. However, for the most current information, it’s advisable to consult official legal records or contact the company directly.
Can You Trust Mid American Bullion? Is Mid American Bullion Legit?
Yes,
They are reputable gold dealers with vast experience.
Before working with a precious metals company, do your research.
Here are some tips to ensure a gold IRA company’s legality:
Tip #1: Check Their Regulatory Compliance and Accreditation
Check for proper licensing and registration with relevant financial regulatory bodies such as the Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA).
Verify the company’s accreditation with industry organizations like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).
It will help you check how credible they are.
Tip #2: Look into The Company’s Background
- Research the company’s history, including years in business and any name changes.
- Examine the Better Business Bureau (BBB) rating and accreditation status.
- Review customer feedback on reputable third-party review sites like Trustpilot or Consumer Affairs.
Tip #3: Does the Company Offer Good Resources?
- Assess the clarity of information provided about fees, storage options, and buyback policies.
- Evaluate the quality and depth of educational resources offered to investors.
- Verify that the company provides clear information about IRS regulations regarding precious metals IRAs.
Tip #4: What are Their Product Offerings and Pricing?
- Ensure the company offers IRS-approved precious metals for IRA investments.
- Compare pricing with other reputable dealers to ensure competitiveness.
- Be wary of companies pushing numismatic or collectible coins over bullion for IRA investments.
Tip #5: Confirm the Storage and Custodian Partnerships
Verify that the company works with IRS-approved custodians and secure storage facilities. According to IRS’ regulations, you cannot store your gold IRA’s precious metals at your home.
You’ll need a certified third-party storage provider.
Check the company’s storage and custodian partner to ensure you’re working with a reliable firm. Moreover, ensure they offer segregated storage options for your precious metals.
Segregated storage means your owned precious metals products will be stored separately from other investors’ possessions. Similarly, non-segregated storage means your products will be stored along with others.
Keep in mind that storage providers charge extra for segregated storage.
Some popular custodians include Equity Trust and Goldstar Trust.
Red Flags to Watch For in Gold IRA Companies
- Promises of guaranteed returns or claims of “secret” investment strategies.
- Pressure to act immediately or make large investments without proper consideration.
- Lack of physical address or unclear company ownership structure.
- Unwillingness to provide detailed information about fees or policies in writing.
By thoroughly evaluating these aspects, investors can make an informed decision about the legitimacy and reliability of a gold IRA company. It’s crucial to conduct due diligence and, if necessary, consult with a financial advisor before making any investment decisions.
Mid American Bullion Review Summary:
Mid American Bullion is a precious metals dealer located inside David Kay Jewelers at 7355 Lewis Avenue, Suite A, Temperance, Michigan 48182.
The company primarily serves the Toledo area, specializing in the buying and selling of gold, silver, and platinum in various forms, including coins, bars, and unwanted jewelry.
Mid American Bullion markets itself as offering competitive pricing, claiming to be the lowest-cost dealer in the region for precious metal transactions.
However, despite being in business for several years, there is very little publicly available information about customer experiences, pricing transparency, and overall reputation.
This review aims to summarize the company’s offerings, pricing, and credibility for potential buyers and sellers.
Mid American Bullion provides a range of products for both investors and collectors. Their primary focus is on gold, silver, and platinum products, which include bullion coins, bars, and scrap jewelry.
Investors can purchase American Gold Eagles, Canadian Maple Leafs, and South African Krugerrands, as well as investment-grade gold and silver bars. The company also buys and sells silver coins such as American Silver Eagles, Canadian Silver Maple Leafs, and generic silver rounds and bars.
Additionally, they deal in platinum coins and bars, though details on specific inventory remain unclear. While their primary business revolves around bullion, they also claim to offer numismatic coins for collectors, but the variety and availability of rare collectible coins are not well-documented online.
One of the key aspects that differentiates Mid American Bullion from competitors is its emphasis on competitive pricing. The company promotes itself as the lowest-cost dealer in the Toledo area, suggesting that it offers better buy and sell rates than other local coin shops and bullion dealers.
However, they do not publicly disclose pricing information, making it difficult for potential customers to compare rates before visiting in person or calling for a quote.
Unlike many online bullion dealers that update live spot prices and premiums on their websites, Mid American Bullion requires direct contact to get accurate pricing, which can be inconvenient for customers who prefer immediate price comparisons.
A major drawback when reviewing Mid American Bullion is the lack of customer feedback and online presence. The company has no Better Business Bureau (BBB) accreditation, nor does it have a significant number of reviews on platforms like Google, Trustpilot, or Yelp.
While the absence of negative reviews may suggest a lack of serious complaints, it also makes it difficult to gauge overall customer satisfaction.
Without verified testimonials or customer ratings, it remains unclear whether Mid American Bullion provides a high-quality customer experience, fair buyback rates, or smooth transactions.
Despite the uncertainty surrounding customer reviews, the company’s longstanding presence in the precious metals industry and its claim of offering low-cost pricing suggest it is a legitimate bullion dealer.
However, buyers and sellers should exercise caution and compare prices with other local and online bullion dealers before making transactions. Since pricing details are not available online, it is advisable to call Mid American Bullion directly at (734-224-7999) to inquire about current rates, available inventory, and transaction procedures.
For those seeking a transparent, widely reviewed precious metals dealer, considering alternative companies with stronger online reputations may be a safer choice.
