East Texas Coin and Bullion Reviews: Legit or Not?

7.4/10 (Expert Score)
Product is rated as #205 in category Dealers
7.4Expert Score
East Texas Coin and Bullion

With a multi-decade history, this bullion dealer has cemented its position in the precious metals market.

Trust
7
Fees
7.5
Customer Service
7.5
Reputation
7.5
Pros
  • Established Reputation
  • Fair Pricing
  • Diverse Product Offerings
Cons
  • Pricing Transparency
  • No Mention of IRA Services

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1

What is East Texas Coin and Bullion?History, Location, and More

East Texas Coin and Bullion is a trusted precious metals dealer located in Texarkana, Texas. It specializes in buying and selling gold, silver, collectible coins, and bullion. 

Established in 1994, the company has built a strong reputation for offering high-quality coins, currency, and investment-grade precious metals to both collectors and investors. 

They provide a wide range of services, including estate appraisals, coin authentication, and investment guidance for those looking to diversify their portfolios with gold and silver. 

Their inventory includes U.S. and foreign coins, silver dollars, gold bars, and numismatic collectibles, catering to both beginners and seasoned investors. 

Additionally, East Texas Coin and Bullion is known for its fair pricing, transparency, and community involvement, frequently participating in coin shows and numismatic events. 

Customers seeking investment opportunities in precious metals or appraisals for inherited collections can rely on the company’s expertise and market knowledge to make informed decisions. 

With nearly three decades of experience, East Texas Coin and Bullion remains a go-to destination for precious metals and rare coin enthusiasts in Texas and beyond.

2

Who are the People Behind East Texas Coin and Bullion?Leadership & Team

East Texas Coin and Bullion, established in 1994, is a reputable precious metals dealer located in Texarkana, Texas. The company is owned by Ernie Cochran, who, along with his dedicated team, specializes in providing and selling precious metals to clients. 

They offer a range of products, including rare and collectible coins, as well as coin and bar bullion, catering to those looking to expand their precious metal investments.

The staff at East Texas Coin and Bullion is known for their knowledge and approachability, assisting clients with questions about market trends, product evaluations, and investment strategies.

In addition to their retail services, East Texas Coin and Bullion actively engage with the community through coin shows and educational events, fostering a deeper understanding of numismatics and precious metal investments among their clientele.

Overall, the team at East Texas Coin and Bullion is committed to providing exceptional service and expertise to both new and seasoned investors in the precious metals market.

3

Does East Texas Coin and Bullion Offer IRA Services?And if they do, how do they work?

East Texas Coin and Bullion, established in 1994, is a reputable precious metals dealer located in Texarkana, Texas. The company specializes in buying and selling rare and collectible coins, as well as gold and silver bullion. 

However, based on available information, East Texas Coin and Bullion does not explicitly advertise or offer services related to Precious Metals Individual Retirement Accounts (IRAs). 

Investors interested in incorporating precious metals into their retirement portfolios through a self-directed IRA may need to consult with specialized firms that focus on such services. 

It’s advisable to contact East Texas Coin and Bullion directly to inquire about any potential IRA-related offerings or to seek recommendations for trusted partners in the industry.

How to open a gold IRA with East Texas Coin and Bullion
Here are the steps you’d need to follow to open a gold IRA with East Texas Coin and Bullion:
Choose a Self-Directed IRA Custodian
Gold IRAs require a self-directed IRA (SDIRA), which allows alternative investments like physical gold. Find an IRS-approved custodian that specializes in precious metals IRAs. If East Texas Coin and Bullion partners with custodians, they can help you choose one.
 Open Your Self-Directed IRA
Fill out the required account opening forms with the custodian. Provide identification, financial details, and tax-related information. Wait for account approval (usually a few business days).
Fund Your Gold IRA
You can transfer money into your new IRA using one of these methods: Rollover: Transfer funds from an existing 401(k), 403(b), 457, or TSP. IRA Transfer: Move funds from a traditional IRA, Roth IRA, or SEP IRA. Direct Contribution: Deposit cash (subject to annual IRA contribution limits).
Select Your Precious Metals
Choose IRS-approved metals such as: Gold: American Gold Eagle, Gold Buffalo, Canadian Maple Leaf, gold bars (99.5% purity or higher). Silver: American Silver Eagle, Canadian Maple Leaf, silver bars (99.9% purity or higher). East Texas Coin and Bullion can help you select eligible coins and bars.
Purchase and Storage Arrangement
Your custodian purchases the metals from East Texas Coin and Bullion using your IRA funds. IRS rules require storage at an approved depository (no home storage). Options may include Brinks, Delaware Depository, or Texas Precious Metals Depository.
Manage Your Gold IRA
Track your investment performance through your custodian. Work with East Texas Coin and Bullion or a financial advisor to adjust your holdings. When eligible (at age 59½), you can take distributions in cash or physical gold.
4

What Products Can You Purchase at East Texas Coin and Bullion?Coins? Bars? Both?

East Texas Coin and Bullion, established in 1994 in Texarkana, Texas, offers a diverse range of products for collectors and investors interested in precious metals and numismatics. Their inventory includes:

  • Collectible Coins: A variety of rare and collectible coins, with inventory that changes over time.
product of East Texas Coin and Bullion
  • Bullion: Gold and silver bullion in various forms, including bars and coins of different weights and values.
  • Silver Dollars: U.S. silver dollars and half dollars, primarily composed of silver, were minted in various years.
product of East Texas Coin and Bullion
  • Foreign Currency: An extensive collection of foreign coins and currency from various countries and historical periods.

Please note that the availability of specific items may vary, and it’s advisable to contact East Texas Coin and Bullion directly or visit their website for the most current information.

5

East Texas Coin and Bullion Fees and Pricing:How much will they affect your wallet?

✔Account Setup FeesNot publicly disclosed*
✔Annual Maintenance FeesNot publicly disclosed*
✔Storage FeesNot publicly disclosed*
✔Custodian FeesNot publicly disclosed*
✔Markup FeesNot publicly disclosed*
✔Liquidation ChargesNot publicly disclosed*
✔Wire Transfer ChargesNot publicly disclosed*
Min. Investment RequirementNot publicly disclosed*

East Texas Coin and Bullion, established in 1994 in Texarkana, Texas, specializes in buying and selling precious metals, including rare and collectible coins, as well as coin and bar bullion. The company offers a diverse range of products, such as collectible coins, foreign currency, and silver dollars.

While specific pricing details are not publicly disclosed, East Texas Coin and Bullion is known for providing fair market value assessments for items they purchase. 

For the most accurate and up-to-date information on fees and pricing, it is recommended to contact East Texas Coin and Bullion directly or visit their physical location. 

This approach ensures that customers receive personalized service and accurate pricing tailored to their specific items and investment interests.

6

What Do East Texas Coin and Bullion Reviews Say?Are they legit?

RatingReviewsNotes
BBB⭐-
Trustpilot⭐4/5 stars 4 reviews
Google Reviews⭐4.3/5 stars26 reviews
Yelp⭐5/5 stars1 reviews
Sitejabber
ConsumerAffairs⭐2.8/5 stars24 reviews

#1. The personnel gave me a great experience. quite nice and quite informed. Along with offering great services like cashing in a 5-gallon bucket of coins at no cost, they truly care about the value of the stuff they move.

Working with them again excites me.

review 1 of East Texas Coin and Bullion

#2. Love the folks here. Always excellent service and rates, smiling. The place is neat and orderly. Ask and the staff will be pleased to assist you if you do not see it. 

review 2 of East Texas Coin and Bullion

#3. Not one better LCS (Local Coin Shop) exists anywhere! Amazing people, Ernie, Tom, and Peggy can assist you in locating whatever you need for any kind of collection you have! Fantastic individuals, outstanding owners, excellent service, and all about the best in the company!

review 3 of East Texas Coin and Bullion
7

Why aren’t There Many East Texas Coin and Bullion Complaints?Reasons explained.

East Texas Coin and Bullion, established in 1994 in Texarkana, Texas, has maintained a positive reputation in the precious metals industry, as evidenced by the limited number of customer complaints. Several factors contribute to this favorable standing:

1. Long-standing Industry Presence:

With over three decades of experience, East Texas Coin and Bullion has built a solid foundation and understanding of the market, enabling it to serve their clients effectively.

2. Positive Customer Feedback:

Customer reviews highlight the knowledgeable and helpful nature of the staff. For instance, a Yelp review praises an employee named Kade for his expertise in coin pricing.

3. Commitment to Education:

The company fosters a community for coin collectors and investors, promoting the hobby and facilitating the buying, selling, and sharing of information about coins and bullion.

4. Transparent Business Practices:

East Texas Coin and Bullion is recognized for its fair pricing and honest transactions, which are crucial in building and maintaining customer trust.

While no business is entirely free from criticism, the scarcity of complaints against East Texas Coin and Bullion suggests a strong commitment to customer satisfaction and ethical business practices. 

Potential clients are encouraged to conduct their research and consider firsthand experiences when evaluating the company’s services.

8

Are There Any East Texas Coin and Bullion Lawsuits?Should you be concerned?

As of now, there are no publicly available records or reports indicating that East Texas Coin and Bullion has been involved in any lawsuits. 

The company, established in 1994 in Texarkana, Texas, has maintained a positive reputation in the precious metals industry. 

Customer reviews, such as those on Yelp, highlight the knowledgeable and helpful nature of the staff, contributing to the company’s favorable standing.

It’s important to note that the absence of reported legal actions does not guarantee the complete absence of any legal issues, as not all matters may be publicly disclosed. 

However, based on the information available, East Texas Coin and Bullion appear to have operated without significant legal challenges.

9

East Texas Coin and Bullion Review SummaryAnd our takeaways.

East Texas Coin and Bullion, established in 1994 in Texarkana, Texas, is a reputable precious metals dealer specializing in gold, silver, collectible coins, and bullion. 

The company is known for its wide range of products, including rare coins, silver dollars, and foreign currency, catering to both investors and collectors. 

Over the years, East Texas Coin and Bullion has built a strong reputation for fair pricing, transparency, and knowledgeable customer service. Customers frequently praise the friendly and professional staff, who offer guidance on market trends, investment options, and estate appraisals. 

Additionally, the business actively participates in coin shows and community events, further establishing itself as a trusted name in the industry. Unlike some large-scale dealers, East Texas Coin and Bullion operates with a personalized approach, focusing on customer satisfaction and education. 

The company has no known lawsuits and very few complaints, reinforcing its credibility in the market. While specific pricing details are not always publicly available, customers are encouraged to visit their store or contact them directly for the latest rates and inventory updates. 

With nearly three decades of experience, East Texas Coin and Bullion remains a reliable choice for buying, selling, and investing in precious metals.

East Texas Coin and Bullion Reviews: Legit or Not?
East Texas Coin and Bullion Reviews: Legit or Not?

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