Seven Star Enterprises Reviews: Legit or Not? (Our Honest Take)

Seven Star Enterprises: Unique Highlights Overview

Seven Star Enterprises, International (SSEI), established in 2001 and headquartered in Roseville, Minnesota, is a privately-held corporation specializing in the buying and selling of precious metals, including gold, silver, and platinum. The company has distinguished itself through several unique highlights:

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Expertise in Precious Metals and Monetary Systems

SSEI is recognized as one of the world’s top specialists in precious metals. The company provides clients with precise, factual analysis of the global monetary system, offering educational seminars and consultations to help investors understand the complexities of precious metals investments. 

Leadership of Bruce Kalata

Founder and CEO Bruce Kalata is a noted expert in precious metals and numismatics. He has been featured on various media platforms, including 21st Century Television with Donald Trump Jr., CNN Headline News, and Fox Business Network, providing insights into the precious metals market. His leadership underscores the company’s commitment to informed and ethical investment practices. 

Comprehensive Product Offerings

SSEI offers a wide range of products, including:

• Numismatic Gold and Silver Coins: Collectible coins with historical and cultural significance.
  
• Gold and Silver Bars: Available in various weights (1 oz., 10 oz., 100 oz., 1000 oz.) to accommodate different investment strategies.
  
• U.S. Silver Eagles and Canadian Maple Leafs: Popular bullion coins recognized for their purity and liquidity.
  
• Platinum and Palladium Products: Diversifying options for investors seeking exposure to other precious metals.
  
• Estate Jewelry and Fine Watches: High-quality items for collectors and investors.
  

Educational Outreach and Seminars

The company places a strong emphasis on education, offering seminars on wealth preservation and biblical finance. This commitment to client education helps investors make informed decisions aligned with their financial goals and ethical considerations. 

Community Engagement and Ministry Outreach

Beyond its business operations, SSEI is involved in community service, with its leadership participating in local church activities and volunteering as prayer counselors. This dedication to community well-being reflects the company’s values and ethical approach to business. 

Positive Customer Feedback

SSEI has received favorable reviews from clients, with a 4.2-star rating based on 49 reviews on platforms like Birdeye. Customers have praised the company’s knowledgeable staff, exceptional service, and expertise in precious metals. 

These unique highlights underscore Seven Star Enterprises, International’s dedication to providing expert guidance, a diverse range of products, and a commitment to client education and community engagement in the precious metals industry.

Who are the People Behind Seven Star Enterprises?

Seven Star Enterprises, International (SSEI) is led by a team of professionals dedicated to providing expertise in precious metals and monetary systems. The key individuals behind the company include:

Bruce Kalata – Founder & CEO

Bruce Kalata is the founder and Chief Executive Officer of SSEI. He is recognized as an expert in precious metals, numismatics, and the global monetary system. 

Mr. Kalata has been featured on various media platforms, including 21st Century Television with Donald Trump Jr., CNN Headline News, and Fox Business Network, providing insights into the precious metals market. 

Beyond his professional endeavors, he is actively involved in his local church and volunteers as a prayer counselor for a 24-hour Christian counseling center. His commitment to ethical business practices and client education is a cornerstone of SSEI’s operations. 

Michele Kalata – Vice President of Operations

Michele Kalata serves as the Vice President of Operations at SSEI. 

In her role, she oversees the company’s day-to-day operations, ensuring that clients receive exceptional service and that the business runs smoothly. 

Her leadership contributes to the company’s reputation for reliability and customer satisfaction. 

Dedicated Support Staff

SSEI’s team includes knowledgeable professionals who assist clients with their precious metals investments. 

The staff is committed to providing precise, factual analysis of the world monetary system and educating both clients and investors. 

This dedication has positioned SSEI as one of the top precious metal trading firms in the United States. 

Does Seven Star Enterprises Offer IRA Services?

Yes, Seven Star Enterprises, International (SSEI) offers services to assist clients in establishing self-directed Precious Metals Individual Retirement Accounts (IRAs). Here’s an overview of how their IRA services work:

Collaboration with Equity Institutional

• Custodian Partnership: SSEI collaborates with Equity Institutional, a reputable self-directed IRA custodian founded in 1984, specializing in individual and business retirement plans. 

Establishing a Self-Directed IRA

• Flexibility in Investments: Through a self-directed IRA with Equity Institutional, clients have the flexibility to invest in certain precious metals, including gold and silver American Eagle coins, as well as other gold, silver, and platinum coins and bullion. 

Account Setup and Management

• Competitive Fees: Equity Institutional’s Precious Metals IRA offers competitive fees, making it a cost-effective option for investors.
  
• Account Access: Clients receive periodic account statements and have online access to their accounts, ensuring transparency and ease of management.
  

Secure Storage Solutions

• Physical Storage: The purchased precious metals are physically and securely stored with a major U.S. precious metals depository firm, ensuring compliance with IRS regulations and safeguarding clients’ investments. 

Comprehensive Support

• Educational Resources: SSEI provides clients with precise, factual analysis of the world monetary system, offering educational seminars and consultations to help investors understand the complexities of precious metals investments.
  
• Professional Appraisals and Grading: The company offers professional appraisals and grading services, ensuring that clients’ investments meet industry standards and are accurately valued.
  

Steps to Get Started

• Contact SSEI: Prospective clients can reach out to SSEI to discuss their investment goals and receive guidance on setting up a Precious Metals IRA.
  
• Coordination with Equity Institutional: SSEI assists in coordinating the account setup with Equity Institutional, streamlining the process for clients.
  
• Selection of Precious Metals: Clients can choose from a variety of IRA-eligible precious metals offered by SSEI, aligning their selections with their investment strategies.
  

What Products Can You Purchase at Seven Star Enterprises?

Seven Star Enterprises, International (SSEI) offers a comprehensive range of precious metal products catering to both investors and collectors. Their inventory includes:

Gold Bullion

• Gold Coins: SSEI provides a variety of gold coins from renowned mints worldwide, including:
  
  • American Gold Eagle: Available in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. denominations.
    
  • Canadian Gold Maple Leaf: Offered in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. sizes.
    
  • South African Krugerrand: Available in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. denominations.
    
  • Australian Kangaroo: Provided in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. sizes.
    
  • Austrian Philharmonic: Available in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. denominations.
    
  • American Buffalo: Offered in 1 oz. size.
    
  • Chinese Panda: Available in 1 oz. denomination.
    
  • Mexican 50 Peso: Containing 1.2 oz. of gold.
    
  • Austrian 100 Corona: Containing approximately 0.98 oz. of gold.
    
• Gold Bars: SSEI offers gold bars in various weights and purities, including:
  
  • 1 oz. Gold Bullion Bar: .9999 fine gold.
    
  • 10 oz. Gold Bullion Bar: .9999 fine gold.
    
  • 1 kg. Gold Bullion Bar: .9999 fine gold.
    
  • 100 oz. Gold Bullion Bar: .995+ fine gold.
    
  • 400 oz. Gold Bullion Bar: .995+ fine gold.
    

Silver Bullion

• Silver Coins: The company offers popular silver coins, such as:
  
  • American Silver Eagle: 1 oz. coin with 99.9% pure silver.
    
  • Canadian Silver Maple Leaf: 1 oz. coin with 99.99% pure silver.
    
• Silver Bars: Available in multiple sizes, including:
  
  • 10 oz. Silver Bullion Bar: ISO Accredited.
    
  • 100 oz. Silver Bullion Bar: ISO Accredited.
    
  • 1000 oz. Silver Bullion Bar: Typically for storage purposes.
    
• Silver Rounds: 1 oz. silver rounds from various reputable manufacturers.
  
• U.S. Coin Bags: Pre-1965 U.S. silver coinage, including:
  
  • 40% Silver Coinage (1965-1969): Approximately 295 oz. of silver content.
    
  • 90% Silver Coinage (Pre-1965): Approximately 715 oz. of silver content.
    

Platinum Bullion

• Platinum Coins: SSEI’s selection includes:
  
  • American Platinum Eagle: Available in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. denominations.
    
  • Canadian Platinum Maple Leaf: Offered in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. sizes.
    
  • Australian Platinum Koala: Available in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. denominations.
    
  • Isle of Man Noble: 1 oz. platinum coin.
    
• Platinum Bars: Offered in various weights, including:
  
  • 1 oz. Platinum Bullion Bar: .9995+ fine platinum.
    
  • 10 oz. Platinum Bullion Bar: .9995+ fine platinum.
    
  • 50 oz. Platinum Bullion Bar: .9995+ fine platinum.
    

Palladium Bullion

• Palladium Coins: Including:
  
  • Canadian Palladium Maple Leaf: 1 oz. coin.
• Palladium Bars: Available in:
  
  • 1 oz. Palladium Bullion Bar: .9995+ fine palladium.
    
  • 10 oz. Palladium Bullion Bar: .9995+ fine palladium.
    
  • 100 oz. Palladium Bullion Bar: .9995+ fine palladium.
    

Numismatic Coins

SSEI offers a selection of rare and collectible coins for numismatists and investors seeking unique additions to their collections.

Estate Jewelry and Fine Watches

The company deals in high-quality estate jewelry, fine watches, and diamonds, catering to clients interested in luxury items.

Sterling Silver Flatware

SSEI provides sterling silver flatware, appealing to both collectors and those seeking tangible assets.

Seven Star Enterprises Fees and Pricing:

Seven Star Enterprises, International (SSEI) is a reputable precious metals dealer specializing in the buying and selling of gold, silver, and platinum. Understanding their fee structure and pricing is essential for potential clients. Here’s a detailed overview:

Product Pricing

• Market-Linked Prices: SSEI’s product prices are closely tied to current market rates, ensuring that clients receive fair and competitive pricing reflective of real-time precious metals markets.
  
• Transparent Quotes: Clients can obtain up-to-date pricing information directly by contacting SSEI, allowing for informed decision-making based on the latest market conditions.
  

Transaction Confirmation and Deposits

• Trade Confirmation: Once a trade is confirmed—whether via phone, email, or in person—it becomes binding for both parties, ensuring clarity and commitment in transactions.
  
• Deposit Requirements: For large bullion trades, SSEI may require a deposit of 20% prior to confirming the price, securing the transaction and protecting both the buyer and seller from market volatility.
  

Payment Methods and Processing

• Accepted Payments: SSEI accepts various payment methods, including bank wires, certified checks, and personal checks, providing flexibility to accommodate client preferences.
  
• Processing Times: Products purchased with a bank wire are typically shipped within 3 business days. Payments made via certified or personal checks are held for 10 business days from receipt to ensure clearance before shipment.
  

Shipping and Handling

• Secure Delivery: SSEI delivers products via registered and insured U.S. Mail, ensuring that clients’ purchases are protected during transit.
  
• Shipping Fees: While specific shipping fees are not detailed publicly, clients can expect costs associated with secure and insured delivery, which can be confirmed during the transaction process.
  

IRA Services and Associated Fees

• Custodian Collaboration: SSEI partners with Equity Institutional to offer self-directed Precious Metals IRAs.
  
• Competitive Custodian Fees: Equity Institutional provides competitive fees for account setup and maintenance, though specific fee details should be confirmed directly with the custodian.
  
• Storage Fees: Precious metals held within an IRA are stored securely with a major U.S. depository. Storage fees may apply, and clients are advised to inquire about these costs when setting up their accounts.
  

Appraisal and Grading Services

• Professional Appraisals: SSEI offers professional appraisal and grading services for coins, jewelry, and other precious items.
  
• Service Fees: Fees for appraisal and grading services are determined based on the specific item and service required. Clients should contact SSEI directly to obtain detailed information tailored to their needs.
  

Sales Tax Considerations

• Tax Exemptions: As of July 1, 2017, Minnesota exempts sales tax on .999 bullion items, such as rounds and bars.
  
• Applicable Taxes: Clients should be aware of potential sales tax on certain products, depending on state regulations and product types. It’s advisable to consult with SSEI or a tax professional to understand any tax implications related to purchases.
  

Additional Considerations

• Market Volatility: Given the fluctuating nature of precious metals markets, prices are subject to change. Clients are encouraged to confirm current pricing and fees at the time of transaction to ensure accuracy.
  
• Direct Inquiries: For the most accurate and personalized information regarding fees and pricing, clients should contact SSEI directly.
  

What Do Seven Star Enterprises Reviews Say?

Seven Star Enterprises, International (SSEI) has garnered positive feedback across various review platforms, reflecting a strong reputation in the precious metals industry. Here’s an overview of their ratings and customer sentiments:

Better Business Bureau (BBB)

• Accreditation and Rating: SSEI is accredited by the BBB and maintains an A+ rating, indicating a high level of trust and commitment to customer service.
  
• Customer Reviews: The company has received multiple 5-star reviews on the BBB platform. Customers frequently praise the professionalism, honesty, and accommodating nature of the staff. For instance, a review from March 18, 2023, states: “Great service. The business was very accommodating to my needs. They made an extra effort to satisfy my request on a very short notice.”
  

Birdeye

• Overall Rating: SSEI holds a 4.2-star rating based on 49 reviews.
  
• Customer Feedback: Clients commend the knowledgeable staff and exceptional service. One reviewer mentions: “Seven Star is a highly reputable business. Bruce is the first person I call when it comes to buying precious metals.”
  

Trustburn

• Overall Rating: The company has a 4.1-star rating based on 10 reviews. citeturn0search21
  
• Customer Experiences: Reviews highlight the professionalism and customer-centric approach of SSEI. A satisfied customer notes: “Exceptional service from Seven Star Enterprises, International! Their team is extremely professional and knowledgeable.”
  

Revdex

• Customer Reviews: SSEI has received positive feedback on Revdex, with customers appreciating the fair pricing and professionalism. One reviewer states: “Very professionally handled my transaction while detailing the reasons for pricing on my coins. I found prices fair and felt confident enough to recommend Seven Star Enterprises Int to others wanting to sell coins.” 

Examples of Seven Star Enterprises International Reviews:

Why aren’t There Many Seven Star Enterprises Complaints?

The relatively low number of complaints about Seven Star Enterprises, International (SSEI) can be attributed to several factors that reflect their business practices and customer-focused approach:

Commitment to Transparency and Integrity

• Transparent Transactions: SSEI is known for providing clear and upfront information about pricing, fees, and the nature of precious metals investments. This transparency reduces misunderstandings and potential disputes.
• Ethical Practices: The company avoids high-pressure sales tactics, unethical practices, or misleading promotions, which are common sources of complaints in the precious metals industry.

Customer-Centric Approach

• Personalized Service: SSEI emphasizes personalized service, addressing the unique needs and concerns of each client. This hands-on approach helps resolve issues before they escalate into complaints.
• Proactive Problem-Solving: The company works closely with clients to ensure satisfaction, resolving concerns promptly and efficiently.

Expertise and Trustworthiness

• Experienced Leadership: Led by Bruce Kalata, a recognized expert in precious metals, SSEI’s leadership inspires trust and confidence among clients.
• Educational Focus: By providing detailed educational resources and consultations, SSEI empowers clients to make informed decisions, reducing dissatisfaction caused by unrealistic expectations.

High-Quality Products and Services

• Guaranteed Authenticity: All products sold by SSEI are guaranteed to be authentic, minimizing concerns about product quality or misrepresentation.
• Reputable Storage Partners: For IRA clients, SSEI collaborates with reliable custodians and depositories, ensuring secure handling of precious metals investments.

Strong Reputation and Positive Feedback

• Positive Reviews: High ratings and positive reviews on platforms like BBB, Birdeye, and Revdex highlight SSEI’s professionalism and commitment to customer satisfaction, overshadowing any minor concerns.
• Word-of-Mouth Referrals: Satisfied customers often refer others to SSEI, creating a loyal client base and reinforcing a positive reputation.

Smaller Client Base

• Boutique Business Model: SSEI’s focus on personalized service over high-volume transactions limits the number of interactions and potential for complaints compared to larger firms.

Secure and Transparent IRA Services

• IRS Compliance: SSEI ensures that all IRA transactions adhere to IRS regulations, avoiding legal or compliance issues that could lead to customer grievances.
• Clear Custodial Fees: Partnering with Equity Institutional, the company provides transparent and competitive fees, reducing confusion or dissatisfaction related to account management costs.

Faith-Based and Ethical Leadership

• Ethical Principles: SSEI’s leadership emphasizes faith-based values, aligning business practices with high ethical standards.
• Community Engagement: Active involvement in community and church activities reflects the company’s dedication to integrity and trustworthiness.

The low volume of complaints about Seven Star Enterprises, International can be attributed to their transparent practices, personalized service, commitment to education, and focus on ethical business conduct. Their boutique business model and proactive resolution of client concerns further minimize the likelihood of formal grievances. Prospective clients are encouraged to explore their services directly to experience their client-first approach.

Are There Any Seven Star Enterprises Lawsuits?

No.

We didn’t find any lawsuits involving this company. 

Certainly, it shows the company’s commitment towards customer satisfaction and resolving any arising disputes amicably.

Can You Trust Seven Star Enterprises? Is Seven Star Enterprises Legit?

Yes.

SSEI is a legit company with a significant presence in the precious metals industry.

Whenever you’re curious about a gold IRA company, just keep the following points in mind: 

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

1. Research the company’s history, including years in business and any name changes.
2. Examine the Better Business Bureau (BBB) rating and accreditation status.
3. Review customer feedback on reputable third-party review sites like Trustpilot or Consumer Affairs.

Tip #3: Does the Company Offer Good Resources?

1. Assess the clarity of information provided about fees, storage options, and buyback policies.
2. Evaluate the quality and depth of educational resources offered to investors.
3. Verify that the company provides clear information about IRS regulations regarding precious metals IRAs.

Tip #4: What are Their Product Offerings and Pricing?

1. Ensure the company offers IRS-approved precious metals for IRA investments.
2. Compare pricing with other reputable dealers to ensure competitiveness.
3. 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

1. Promises of guaranteed returns or claims of “secret” investment strategies.
2. Pressure to act immediately or make large investments without proper consideration.
3. Lack of physical address or unclear company ownership structure.
4. 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.

Seven Star Enterprises Review Summary:

Overall, SSEI is an impressive precious metals firm with a lot to offer.

However, it’s always best to consult an expert before making any final decisions. 

What are your thoughts on this company? Let us know in the comments.

Seven Star Enterprises Reviews: Legit or Not? (Our Honest Take)

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