What is Pacific Coin Exchange? Today we take a look at this company, in a bid to establish the scope of its service offerings. This will enable you to make a decision as to whether you’ll reach out to its support staff to request help with accessing what it has to offer, or you’ll opt for its alternatives.
Name of the company: Pacific Coin Exchange
Official Website URL: http://www.pacificcoinexchange.com/
Overall Rating: (4 / 5)
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Pacific Coin Exchange!
Table of Contents
- What is Pacific Coin Exchange?
- The Services offered
- How does Pacific Coin Exchange Work? (How to Get Started)
- Does Pacific Coin Exchange offer IRA services?
- How can you open a Precious Metal IRA with Pacific Coin Exchange?
- Payment methods accepted when paying for services rendered
- Does Pacific Coin Exchange have minimums for sales and purchases?
- Does Pacific Coin Exchange buy precious metals from individual sellers?
- Is Pacific Coin Exchange Genuine or Is It a Scam?
- Pros and Cons
What is Pacific Coin Exchange?
Pacific Coin Exchange is a precious metal and coin dealer that’s based in San Diego County. This company is currently owned and operated by a USMC military veteran who has more than 15 years of experience in precious metal dealing. Customers can reach out to this company if they are looking forward to purchasing gold, silver, platinum, or palladium, or to even sell the same.
At Pacific Coin Exchange, customers get the assets that are needed to secure their financial future. Gold and silver are such smart assets that you can purchase if you’re looking for a way to shield yourself from unfavorable market forces in the global economy.
Having been established in 1986, Pacific Coin Exchange has been trying to serve the public in the best manner possible by inviting them to access their collection of precious metals at fair prices. Despite being based in San Diego, this company can ship or receive products from all over the continental USA.
The Services offered
A look at the information presented on Pacific’s official website reveals that this company mainly offers two services to its customers. These include:
- They sell precious metals
- Purchasing precious metals
- You can consult with its support staff on matters related to setting up an IRA that has precious metals in it.
Pacific Coin Exchange presents itself as a precious metal and coin dealer, so you’d only expect that it’s out to help customers access a variety of genuine precious metals for the purpose of investment. You’d also expect that it is out to help customers who are cashing out their precious metals for any reason, by offering fair and reasonable prices for the products presented to them.
How does Pacific Coin Exchange Work? (How to Get Started)
As a precious metal dealer, this company mainly delivers its services through an ecommerce platform. Unlike other ecommerce systems, Pacific Coin Exchange’s system does not take you through the checkout phase. Upon viewing the precious metals that are offered by this company, you should proceed to contact its staff to make arrangements on how you will access the desired products.
If you also want to sell your genuine precious metals to Pacific Coin Exchange, you’re also required to contact the support staff in this company to see if they are in a position to purchase your products. Your precious metals have to meet the required standards for them to be accepted.
Customers who have questions about precious metal IRAs can also consult with Pacific Coin Exchange for guidance on the same. There’s a telephone number on the official website that all customers can use for this purpose.
Does Pacific Coin Exchange offer IRA services?
Pacific Coin Exchange does not offer IRA services. Beyond helping customers choose the best precious metals for their Traditional, Roth, or SEP-IRA roll-overs, this company does not offer the actual IRA services. This, in my opinion, limits this company’s potential to serve more customers since a significant number of people purchasing precious metals are usually those who’d like to invest through a reliable IRA.
Important: Please make sure that you know exactly what fees are associated before you sign anything, I have seen so many reports online of people getting surprised with so-called hidden fees that they had no idea about until it was too late. Transparency is what you want to look for in this industry.
**My #1 recommended gold & silver IRA company is 100% transparent + they got a few other benefits you might want to have a look at if you are interested in a new IRA, see this page
How can you open a Precious Metal IRA with Pacific Coin Exchange?
You can’t, unfortunately, open a precious metal IRA with this company. Its operations are structured around the purchase and sale of genuine precious metal products, as well as consultation. We’ve already established that Pacific Coin Exchange’s staff members can only help customers choose the right precious metals for their IRAs.
I believe you can also get the same services from companies that offer comprehensive services in this industry.
See my #1 recommended gold & silver IRA solution on this page
Payment methods accepted when paying for services rendered
Pacific Coin Exchange has its doors open to all customers who would like to purchase or sell precious metals so long as they have access to the following payment methods:
- Cashier’s checks
- Certified check
- Personal check
- Wire transfer
- Money order
N.B: This company does not currently accept credit cards.
Does Pacific Coin Exchange have minimums for sales and purchases?
Pacific Coin Exchange makes it clear that it does not have maximum or minimum order requirements for sales and purchases made. You can therefore reach out to them with your preferred budget to see what they have in stock. Depending on what you are looking for, you can proceed to purchase your bullion, without having to worry about limits.
Does Pacific Coin Exchange buy precious metals from individual sellers?
Yes. You can sell to them any of the products pictured on their official website. If the products that you have (coins, jewelry, flatware, scrap gold, sterling, etc.) are not pictured on the official website, you should contact the support staff at PCE. In most cases, they’ll have to see the products before making an offer. this means that you can pay them a visit at the San Diego showroom or you can simply ship the products via USPS.
An offer is usually made within 24 hours of the reception of precious metal products, upon which a company check is sent to the customer. Customers who walk into this company’s showroom usually get offers on the spot and can sell their items right away.
Is Pacific Coin Exchange Genuine or Is It a Scam?
This company is, in my opinion, a genuine one. Besides having been established in 1986 and remaining alive for all those years, this company has plenty of consumer reviews on different consumer trust sites. On a platform such as Yelp, for instance, you’ll find that customers have given their feedback on the reception of services. The clients seem happy about the nature of service delivery and are thankful to specific customer support staff for ensuring that they were well taken care of. That said, however, PCE still faces a great deal of competition from other well-established companies, that you can have a look at before settling for what this company has to offer.
**Have a look at how these top-rated alternatives to Pacific Coin Exchange that offers precious metals IRA Services are matching up
Pros and Cons
- Excellent customer feedback
- Buys back precious metals & precious metal products from customers
- A variety of payment methods accepted
- Doesn’t offer IRA services
- No storage services offered
- Ecommerce system is not very comprehensive
Do You Own or represent Pacific Coin Exchange?
If you are a representative, or associate of Pacific Coin Exchange and have found something not to be correct in this review please, feel free to tell us 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 simply by sending us an e-mail to firstname.lastname@example.org.
Overall Rating: (4 / 5)
I think Pacific Coin Exchange is a genuine precious metal dealer that’s doing a great job at delivering the promised services. As an investor who is out to grow your wealth through conservative approaches, however, this company’s services may be limited (and not reliable). I would suggest that you try a company that has comprehensive services so that you can get all processes taken care of under one roof. This will reduce the possibility of getting scammed or even being overcharged as you hop from one service provider to the next one trying to invest for your retirement years.
You’ve made it to the end of this review on what Pacific Coin Exchange is about. Do you think it’s one that’s worth relying on? Let me know in the comments section.
P.S: Investing in precious metals can be complicated if you have no knowledge of how to go about it. If you need any help on how to get started, let me know so that I can hold your hand and direct you to companies that I’ve found to be reliable so far.
I wish you well,
Eric, Investor and Team Member at Gold Retired!