Golden Eagle Coins: Unique Highlights Overview
Golden Eagle Coins, established in 1974, has distinguished itself in the precious metals industry through several unique highlights:
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Extensive Product Selection
Golden Eagle Coins offers a vast inventory exceeding 5,000 unique products, including:
- Bullion Products: Gold, silver, platinum, and palladium coins, bars, and rounds.
- Numismatic Coins: Rare and collectible coins from various countries and historical periods.
- Currency: A diverse range of paper currency for collectors.
This extensive selection caters to both investors and collectors, accommodating a wide range of interests and investment goals.
Competitive Pricing and Transparent Policies
The company is known for its competitive pricing, offering:
- Cash Discounts: Available for certain payment methods, providing cost savings to customers.
- Free Shipping: Orders over $99 qualify for free shipping, enhancing affordability.
Golden Eagle Coins maintains transparency in its pricing and policies, ensuring customers are well-informed throughout the purchasing process.
Family-Owned Business with a Personal Touch
Founded by Bob Mangels, Sr., and his nephew, Richard Stelfox, Golden Eagle Coins has grown from a small family operation into a leading online retailer.
Despite its expansion, the company retains a family-oriented approach, emphasizing personalized customer service and building long-term relationships with clients.
Longevity and Industry Reputation
With over four decades in operation, Golden Eagle Coins has established a solid reputation for reliability and trustworthiness in the precious metals market.
The company’s longevity reflects its ability to adapt to market changes and maintain high standards of customer satisfaction.
Educational Resources and Market Insights
Golden Eagle Coins provides informative content to assist customers in making informed decisions, including:
- Market Analysis: Regular updates on market trends and precious metals pricing.
- Product Information: Detailed descriptions and historical context for various products.
These resources empower both novice and experienced investors to navigate the complexities of precious metals investing.
Certifications and Authenticity Guarantees
The company holds certifications from reputable entities such as the Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC), ensuring:
- Product Authenticity: Guaranteed genuine products for customer confidence.
- Quality Assurance: High standards in product grading and condition.
These certifications reinforce Golden Eagle Coins’ commitment to quality and authenticity.
User-Friendly Online Platform
Golden Eagle Coins offers an intuitive online shopping experience with features such as:
- Live Pricing: Real-time updates reflecting current market conditions.
- Secure Transactions: Robust security measures to protect customer information.
- Detailed Product Listings: Comprehensive information to guide purchasing decisions.
The platform caters to a global customer base, facilitating easy access to their extensive inventory.
Who are the People Behind Golden Eagle Coins?
Golden Eagle Coins, established in 1974, is a family-owned business specializing in precious metals and numismatic items. The key individuals behind the company include:
Founders
- Robert W. Mangels Sr.: Prior to founding Golden Eagle Coins, Bob Mangels Sr. owned five coin-operated laundromats. He began sorting coins to identify valuable silver pieces, which sparked his interest in numismatics. In the early 1970s, he partnered with his nephew to establish the company.
- Richard J. Stelfox: Nephew of Bob Mangels Sr., Richard co-founded Golden Eagle Coins. Together, they traveled across the United States attending national coin shows, expanding their knowledge and network in the coin industry.
Current Leadership
- Clint Stelfox: Son of co-founder Richard Stelfox, Clint serves as the Director of Marketing at Golden Eagle Coins. Having been immersed in the coin business from a young age, Clint has extensive experience in numismatics. After trading for a Philadelphia Stock Exchange firm for several years, he returned to Golden Eagle Coins to enhance its online presence, contributing significantly to the company’s digital growth.
- Brett Stelfox: Serving as the Sales Manager, Brett plays a crucial role in overseeing sales operations and ensuring customer satisfaction.
Management Team
- Marie Baranda: Assistant at Golden Eagle Coins, contributing to various administrative and operational tasks.
- Thomas Swanson: Part of the sales team, assisting customers with their purchases and inquiries.
The combined expertise and dedication of these individuals have been instrumental in establishing and maintaining Golden Eagle Coins’ reputation as a trusted dealer in the precious metals market.
Does Golden Eagle Coins Offer IRA Services?
Golden Eagle Coins is a reputable dealer specializing in a wide range of precious metals, including gold, silver, platinum, and palladium, catering to both collectors and investors.
While they offer an extensive selection of products, they do not provide direct Individual Retirement Account (IRA) services, such as custody or storage for precious metals IRAs.
However, investors interested in incorporating precious metals into their retirement portfolios can still utilize Golden Eagle Coins’ products by collaborating with third-party custodians and depositories that specialize in self-directed IRAs.
How a Gold IRA Works:
- Establish a Self-Directed IRA: Begin by selecting a custodian who offers self-directed IRAs, enabling investments in alternative assets like physical gold and other precious metals.
- Fund the Account: You can fund your new IRA through contributions, rollovers, or transfers from existing retirement accounts, such as a 401(k) or traditional IRA.
- Select Approved Precious Metals: Work with your custodian to choose IRS-approved precious metals that meet specific purity standards. Golden Eagle Coins offers a variety of such products suitable for IRAs.
- Arrange Purchase and Storage: Once you’ve selected the metals, your custodian will facilitate the purchase from a dealer like Golden Eagle Coins and ensure the assets are securely stored in an IRS-approved depository.
- Manage and Monitor: Your custodian will handle administrative tasks, including documentation and compliance, while you monitor the performance of your precious metals within your retirement account.
It’s essential to note that while Golden Eagle Coins can supply the physical metals, the management of a Gold IRA requires collaboration with qualified custodians and depositories to ensure compliance with IRS regulations.
This approach allows you to diversify your retirement portfolio with precious metals, potentially providing a hedge against economic volatility.
What Products Can You Purchase at Golden Eagle Coins?
Golden Eagle Coins offers an extensive range of products catering to both investors and collectors. Their inventory includes:
Bullion Products:
- Gold Bullion: This includes popular coins such as American Gold Eagles, Canadian Gold Maple Leafs, South African Krugerrands, and Austrian Gold Philharmonics. They also offer gold bars in various sizes, ranging from small denominations to larger weights, suitable for different investment strategies.
- Silver Bullion: Their silver offerings encompass American Silver Eagles, Canadian Silver Maple Leafs, and silver rounds. Additionally, they provide silver bars in sizes from one ounce to 1,000 ounces, accommodating both small and large investors.
- Platinum and Palladium Bullion: For those interested in diversifying beyond gold and silver, Golden Eagle Coins offers platinum and palladium coins and bars, including American Platinum Eagles and various bars from reputable mints.
Numismatic Coins:
- U.S. Coins: This category features a variety of coins, including pre-1933 gold coins, commemorative issues, half dollars, mint sets, and proof sets. Collectors can find rare and historical pieces that hold both intrinsic and numismatic value.
- Ancient Coins: For enthusiasts of historical numismatics, they offer coins from ancient civilizations, including Greek, Roman, and medieval eras, providing a glimpse into the monetary systems of the past.
Currency and Paper Money:
- U.S. Currency: This includes colonial currency, Confederate notes, and fractional currency, with denominations ranging from $1 to $1,000, appealing to both collectors and historians.
- Foreign Currency: A selection of paper money from over 100 countries is available, offering a diverse range for collectors interested in international currencies.
Other Products:
- Copper Rounds and Bars: These are available in various designs, including replicas of historical coins, providing an affordable entry point for new investors or collectors.
- Coin Supplies: To assist collectors in preserving and displaying their collections, Golden Eagle Coins offers a range of supplies, including holders, albums, and storage boxes.
Their comprehensive inventory, which includes over 5,000 unique products, ensures that both investors and collectors can find items that meet their specific needs and interests.
Golden Eagle Coins Fees and Pricing:
Golden Eagle Coins offers a transparent and competitive pricing structure for purchasing precious metals, with considerations for payment methods, order limits, and shipping costs.
Pricing and Payment Methods:
- Cash Discounted Prices: Prices displayed on their website reflect a cash discount for payments made via check, bank wire, money order, or cash. This approach allows customers to benefit from lower prices when using these payment methods.
- Credit Card and PayPal Payments: Payments made through credit cards or PayPal incur an additional 4% fee over the cash-discounted price. This surcharge accounts for the processing fees associated with these payment methods.
Order Limits Based on Payment Methods:
- Bank Wire Transfer: Minimum order of $1,500; no maximum limit for domestic wires. Orders typically ship within 1-3 days after payment receipt.
- Check (Personal/Bank): Order totals between $50 and $50,000. Shipments occur 10 banking days after payment receipt.
- Credit Card: Order totals from $50 to $1,500, with shipments to the billing address. Orders ship within 1-5 days after payment.
- PayPal: Order totals up to $25,000, shipped to the billing address. Orders ship within 1-5 days after payment.
- Cash: Order totals up to $10,000, available for local pickup only.
Shipping Costs:
- Standard Shipping: Free for orders over $99; a $9.95 fee applies for orders up to $99.
- USPS Priority: Available for $14.95.
- Express Mail: Offered at $24.95.
Additional Considerations:
- No Commission Fees: Golden Eagle Coins does not charge commission fees on purchases, enhancing cost-effectiveness for customers.
- Order Cancellation Fee: A $35 fee applies to canceled orders, so it’s advisable to confirm purchase decisions before placing an order.
Golden Eagle Coins is recognized for its competitive pricing and transparent fee structure, contributing to its strong reputation in the precious metals market. However, customers should be aware of potential shipping delays and ensure they understand the payment-related fees to make informed purchasing decisions.
What Do Golden Eagle Coins Reviews Say?
Golden Eagle Coins has garnered positive ratings across various platforms, reflecting its commitment to customer satisfaction and business integrity. Here’s an overview of their ratings:
- Better Business Bureau (BBB): Golden Eagle Coins holds an A+ rating from the BBB, indicating a high level of trustworthiness and effective resolution of customer complaints.
- Trustpilot: The company boasts a TrustScore of 4.7 out of 5, based on 5,192 reviews as of October 2020, highlighting consistent customer satisfaction.
- TopConsumerReviews.com: Golden Eagle Coins has received over 22,000 five-star ratings, underscoring its strong reputation among customers. citeturn0search6
These ratings underscore Golden Eagle Coins’ dedication to providing quality products and services in the precious metals market.
Examples of Golden Eagle Coins Reviews:
He had made many purchases from Golden Eagle Coins and had never encountered an issue, with everything always being the best value. They found some of the best prices on the net. The shipping had always been prompt, even when a check was sent in. They could not go wrong.
It had been easy to use. As a first-time customer, they were unsure how the communication process worked. A phone call was made for an explanation of the process, and the caller was placed on a brief hold. The individual who assisted him was very helpful in explaining the process and when a confirmation of the items shipped would be received. He stated that it had been a great experience.
They placed their order on August 29th, and by September 13th, they still had not received their item. They found a good price and item, but the shipping method and time of shipping were slow. However, they were willing to wait and planned to buy again.
Why aren’t There Many Golden Eagle Coins Complaints?
There aren’t many complaints about Golden Eagle Coins because of several key factors that contribute to their positive reputation in the precious metals industry. Here’s why the company has maintained a strong track record with minimal complaints:
Longevity and Experience
Golden Eagle Coins has been in business since 1974, giving it nearly 50 years of experience in the industry. Their long-standing presence suggests reliability and expertise, which helps minimize customer dissatisfaction.
Competitive and Transparent Pricing
- They offer clear and competitive pricing, avoiding hidden fees that often lead to disputes.
- The cash discount policy is well-communicated, so customers understand that credit card payments will be slightly higher.
Strong Customer Service
- The company provides multiple channels for customer support, including phone, email, and a detailed FAQ section.
- They have a proactive approach in resolving customer inquiries before they escalate into complaints.
Secure and Reliable Shipping
- Orders are shipped securely and discreetly, reducing the risk of lost or damaged packages.
- They offer free shipping on orders over $99, which is a plus for customers.
- The ability to track orders ensures transparency throughout the delivery process.
A+ BBB Rating & Trustpilot Reviews
- Golden Eagle Coins holds an A+ rating from the Better Business Bureau (BBB), indicating high levels of trust and responsiveness.
- On Trustpilot, they have a 4.7/5 rating with thousands of positive reviews, reinforcing their credibility.
Compliance with Industry Standards
- They strictly adhere to industry regulations for precious metals transactions, reducing the likelihood of fraud or misleading practices.
- Their IRA-eligible products meet IRS standards, ensuring legitimacy for retirement investors.
Clear Policies on Cancellations & Refunds
- Some companies face complaints due to unclear refund or cancellation policies. Golden Eagle Coins outlines their order cancellation policy upfront ($35 fee), which helps manage customer expectations.
Strong Product Quality & Authenticity
- They sell authentic, certified precious metals from trusted mints like the U.S. Mint, Royal Canadian Mint, and PAMP Suisse.
- Customers rarely report counterfeit or misrepresented products, a common issue with less reputable dealers.
High Customer Satisfaction & Repeat Business
- Many customers return for repeat purchases, a sign of trust and reliability.
- Their 22,000+ five-star ratings on TopConsumerReviews.com suggest high satisfaction levels.
Are There Any Golden Eagle Coins Lawsuits?
No.
We didn’t find any lawsuits involving this company.
Can You Trust Golden Eagle Coins? Is Golden Eagle Coins Legit?
Yes.
They are a legit company with a strong online presence.
For future reference, just follow these tips:
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.
Golden Eagle Coins Review Summary:
Overall, Golden Eagle Coins seems like a legit enterprise.
They have received thousands of reviews from happy customers across different platforms.
However, it’s always best to browse the market and explore your options first.
Let us know what you think about GEC. We’d love to hear from you.
