Today we review GoldenEagleCoin.com for you. What is Golden Eagle Coins? A scam or a legit business? How does it work? Is it a good alternative for your needs or should you look on other alternatives? This are just a few of many questions this review helps you answer!
Company: Golden Eagle Coins
Website: www.goldeneaglecoin.com
Owner: Bob Mangels Sr & Richard Stelfox
Price: Depends on your investment (for fees see further down in review)
Who is it for: Precious metals investors
Overall rating: (4 / 5)
Important to mention before we go into more details of this review: We always strongly recommend to do your research online before you choose a company to invest with. There are so many reviews online of clients being ripped of and scammed. So please do investigate thoroughly before you make your decision.
See our top 5 list (gold & silver IRA providers) on this page<==
With that being said, let´s continue with the review on Golden Eagle Coins (goldeneaglecoin.com)!
What is Golden Eagle Coins (GoldenEagleCoin.com)?
Golden Eagle Coins specializes in a very particularly wide variety of gold and silver bullion products. Investors and collectors can due to this reason benefit from what this company has to offer. As a new client, you can expect to get a collection of America Gold Eagle coins, leafs and bars which are all in perfect condition and of the right quality.
In 1795, the United States minted the first gold coins; two hundred years later, it minted the first golden ‘eagle’ coins, which received authorization from US congress. Each of these coins features the image of Lady Liberty, 50 stars that represent all states and a family of eagles( a very patriotic message). The US government guarantees the content, weight, and purity of the Gold Eagles. With over 91% pure gold, 22 karats, 5.33% copper and 3% silver, the Golden Eagles are the leading bullions coins worldwide.
What are the different Golden Eagle sizes?
The Golden Eagle coins come in four different sizes;
- The 1 ounce, which is 1.287 inches in diameter, weighs 1.099 troy ounces and contains one ounce of gold. This coin has a nominal face value of 50 dollars.
- The ½ ounce measures 1.063 inches in diameter, weighs 0.5455 ounces, contain 0.5000 ounces of gold and has a face value of 25 dollars.
- The 1/4 ounce measures 0.866 inches in diameter, weighs 0.2727 ounces, contain 0.2500 ounces of gold and has a face value of 10 dollars.
- The 1/10 ounce golden eagle has a diameter of 0.650 inches, weighs 0.1091 ounces, and contains 0.100 ounces of gold. This coin has a face value of 5 dollars
The Golden Eagles’ face value refers to the legal value as an actual U.S coin. Since the Golden eagles contain precious metals, their intrinsic value is significantly higher.
P.S.
Did you know that most precious metal scams take place with so-called Numismatic coins? Read this page to avoid falling victim for one of the most common gold scams in the industry
Why should one buy the golden eagle coins?
Over the years, the Golden Eagle, unlike other currencies, has maintained its value; thus, as an investor, you maintain your purchasing power. The Golden Eagle acts as an inflation hedge as well as a protector during deflation. Additionally, investing in gold coins and/or bullion is good for portfolio diversification.
How do I buy the Golden Eagle coins?
As a prospective investor, it is crucial to have a clear understanding of the four different types of Golden eagles and how to access them.
- Bullion coins. These are rare metals intended for investors. The US Mint produces them; however, it does not sell them directly to investors. There is a vast range of dealers throughout the US who sell Bullion eagle coins to prospective buyers.
- Proof Golden Eagle, which is the finest quality of coins minted by the US, comes with a certificate of authenticity and is usually encased in a protective capsule. The United States Mint sells these coins directly to the investor. Nonetheless, they are not the best option for investors.
- Circulating coins. The US Mint produces them for circulation, but they are never released to the Federal reserve bank.
- Uncirculated Coins. The US Mint produces them just like circulating coins, but they undergo a special process that produces an exemplary finish. They come with a certificate of authenticity. The US Mint sells them directly to buyers.
Do Golden Eagle Coins provide IRAs?
Yes. As earlier stated, the Golden Eagle is of very high quality and meets the IRS specifications for IRA investing. In case of future market instability, investing in Golden Eagles can protect you against inflation, or deflation. Most IRAs carry Golden Eagle coins in their investment portfolio; however, some IRA trustees are not willing to invest in gold mainly because of the storage requirements.
Most of these IRAs are self-directed, and you will be responsible for making most of the financial and management decisions when it comes to purchases and storage options of the Golden Eagles. Here are the steps for opening a gold IRA account;
- Contact your current IRA and inform them that you would like to add the Golden Eagle coins to your portfolio.
- Fill in the application provided and add the precious metal as desired.
- Deposit funds into the holding, ensuring not to exceed the IRS limits for IRA contribution.
- Once you are ready to sell contact your custodian.
In the case of an existing IRAs, one can easily transfer funds from their accounts to a Gold IRA.
What are the Gold-IRA charges? (fees)
The minimum Golden Eagle coins purchase allowed by the IRS is $5,000. Every other subsequent purchase must be worth more than $1000 .
Some other fees associated with these accounts include;
- Administration fees
- Commissions
- Storage fees
- Transaction fees
All the charges mentioned above vary from one IRA trustee to the other.
P.S.
If you are interested in a gold IRA provider then our #1 recommendation is Augusta Precious Metals, they offer you a low one-time flat fee and is not only recommended by us, but they are the company that is recommended by the most independent 3rd party consumer protection agencies in the whole industry.
==> Learn more about our #1 recommended Gold IRA provider on this page
Is Golden Eagle Coins a Scam or Legit & Genuine?
So, is Golden Eagle Coins a scam? No, it is not a scam, it is a legit company. They got real owners and a real physical address. They have also been in business for 46 years and they would never had survived that long if they was a scam, right?
However, if it is the best alternative out there for you is another story, and that leads us to what some of the most well-known and trusted consumer protection agencies have to say:
Golden Eagle Coins reviews, ratings and complaints?
BBB
Rating: A+ (out of 0 reviews) click here for details (opens in new window)
Trustpilot
Rating (4.8 / 5) (out of 5184 reviews) click here for details (opens in new window)
Trustlink
Rating: N/A
BCA (Business Consumer Alliance)
Rating: N/A
Yelp
Rating (3.5 / 5) (out of 8 reviews) click here for details (opens in new window)
Rippoff Report
Rating: 1 complaint click here for details (opens in new window)
Our conclusion from the ratings:
As you can see above Golden Eagle Coins have an impressive amount of reviewson Trustpilot and an A+ rating from the BBB, but from zero reviews, not sure how that makes sense? Other than that we ound reviews on Yelp and also a complaint on Rippoff Report. For a company that have been in businss for 46 years it is natural to recieve some complaints, I mean, not even mother Theresa is hater proof, right?
**If you want to see what company that is recommended by most independent 3rd party consumer protection agencies in the industry then you can find that one on our top 5 list (it is the company we have placed on the nr 1 spot)
Pros and Cons
It is always recommended (and a wise thing) to compare the positive sides against the not so positive ones to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
Pros
- Wide collection of precious metal products
- Excellent customer service
- Trustworthy
- You gain control over your investments.
Cons
- IRA fees are not revealed
Do you own or represent Golden Eagle Coins?
If you are a representative, or associate of Golden Eagle Coins and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final words and verdict
Verdict: Legit
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of Golden Eagle Coins (GoldenEagleCoin.com) pretty good, it is a legit company for sure, however, if it is the best one out there is another story. What takes the rating down (in my opinion) is because their fees are not clearly displayed on their website and also their online reviews and ratings from independent 3rd party consumer protection sites are not that as impressive as the absolute top rated ones on our list.
You have to make the decision yourself of course.
Important: Please make sure to do your own research and compare different alternatives against eachother before you make any decisions.
Recommendation
You made a wise decision to read this review, and that tells me you are an intelligent investor as well as a smart person overall, so I am absolutely sure that you will find the right company to do business with, that suits your particular needs the best and that you are comfortable doing business with.
Below you can look at our top 5 recommended gold & silver companies that is also recommended by the most independent 3rd party consumer protection agencies than other gold dealers and IRA providers in the industry:
==> See our Top 5 List on Gold & Silver Dealers & IRA Providers <==
I hope you found this short review on Golden Eagle Coins (GoldenEagleCoin.com) to be helpful and that you now have a better understanding on what it is and if it is for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others. Also, if you got any questions about this I would be more than happy to answer them below!
I wish you success!
Michael, founder of Goldretired
I ordered 100oz silver eagles around March 20, 2020. They sent 5 tunes that were taped shut. One of them had 19 coins….I emailed them 5x. First one was nice, slowly became more frustrated as I couldn’t even get a response. Don’t buy from these guys. Thank goodness I wasn’t buying gold eagles.
Thank you for sharing your story, it will help others think twice before making decisions.
Hope that it sortsout for you in the end, please feel free to come back here with updates on your situation.
Thank you again for sharing your experience,
/Sncerely