Today we take a look at Sahara Coins for you. What are Sahara Coins? A Scam or a legit gold dealer? Will they be something for you, or are there better alternatives for you? These are some of the questions this short review.
Company: Sahara Coins
Website: www.saharacoins.com
Owner: Raymond Bryant (General manager)
Price: Depends on the amount of investment
Who is it for: Precious metal investors
Overall rating: (3 / 5)
Important to mention (before we go into more details of this review)
We always strongly recommend doing your own research online before you choose a company to invest in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are a smart person, so I am absolutely sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do, you will understand yourself once you have visited the page (link) above.
==> See our Top-5 List of Precious Metals IRA Companies on this page <==
With that being said, let´s continue with the review on Sahara Coins!
What is Sahara Coins about?
Sahara Coins is a precious metals dealer that has been in business for 38 years now. There is not much info on the owner (which is a bit strange), but I found on the BBB website that the company’s General Manager is Raymond Bryant.
The physical address of the company is: 7293 W Sahara Ave #106, Las Vegas, NV 89117, USA
How does it work?
Plain and simple, the company is a place for you to buy precious metals in different forms.
Even if you cannot find any info on the company’s website whether you can sell metals to them, I managed to find the answer by reading some complaints on the company from real users.
The answer is, you can sell to the company as well.
The Products
- The products offered are:
- U.S coins
- Foreign coins
- Paper money
- gold, silver, platinum, and palladium bullion
IRAs?
No, IRAs are not offered by the company.
If you search for a great IRA custodian, click the link below.
***Click here for the Top 5 Gold IRA providers that got the highest rating (out of 190+ reviews we have written on this website)
Can you get the gold (and other metals) delivered to your home?
Yes, you can. Below is an exact excerpt from the Sahara website:
Shipping Terms; Sahara Coins / www.saharacoins.com ships to all 50 United States via USPS Express mail, USPS Priority Mail, USPS Registered Insured Mail, and FedEx. All shipments require the customer’s signature upon delivery. We ship to APO and FPO addresses, but regretfully, we do not ship international addresses.
Note: An 8.1% sales tax applies to all shipments with a Nevada address, and all Nevada purchases can be received at our store if the customer so wishes.
Easy Shipping Fees;
$6.00 for purchases up to $500
Purchases of $500 or more are FREE.
Returns for Refund; Refunds are provided on returned items received within seven days of the purchase date. It is highly recommended that returned items be insured for their full purchase value. We ask that customers notify Sahara Coins / www.saharacoins.com of their return shipment via email at Service@saharacoins.com.
Can you store your investment with the company?
There is no info about this subject on their website.
Can you sell back to the company?
Once again, there is no info on this subject on their website. However, I managed to find the answer while I was reading complaints about the company that you can sell to them, not sure if you can sell back what you bought through.
Can anybody in any country use the service?
No, the services of Sahara Coins are for people living in any of the states in the U.S.
Is Sahara Coins a scam?
So, is Sahara Coins a scam? No, it is not a scam, of course not. It would never have survived this long (38 years) if it wasn´t, right? It also got a real physical address and real owners (even though they aren´t mentioned on their website).
However, if they are your best alternative to go to for buying precious metals is another story… That leads us to the following:
Online review, ratings, and complaints
Below I will provide the ratings and complaints from some of the most well-known and trusted review and rating sites online so you can get a better overall picture:
BBB (Better Business Bureau)
Overall rating: A+
Review score: 1 complaint in the last 12 months (out of 1 review)
Trustpilot
Overall rating: N/A
Trustlink
Overall rating: N/A
Yelp
Overall rating: (4 / 5) (out of 30 reviews)
Glassdoor
Overall rating: (3.3 / 5) (out of 13 reviews)
Ripoff Report
Overall rating: N/A
Pissed Consumer
Overall rating: N/A
Review Opedia
Overall rating: N/A
CitySearch
Review score: N/A
Any Red Flags?
As you can see above, there aren´t many reviews at all on the company, and I find that very strange, especially when you know that they have been in business for 38 years.
Many similar companies got thousands of reviews online, and while some of them have only been in business half the time as Sahara Coins have…
In my opinion, this is the biggest red flag, the lack of reviews.
Also, the reviews are not only positive… Below is one example of a “not so happy” client of Sahara Coins:
To read more complaints from the Yelp website click here (opens in new window)
How´s the support?
One thing I always put a lot of weight on when it comes to the quality of the support system of a company is if they got a live chat function on their website or not.
Sahara Coins do not have this, which is another minus (at least in my book).
They offer the “mandatory” e-mail address and phone number for you to contact them with your questions.
Why You Should (Or Should NOT) pick Sahara Coins?
One thing that is smart to do before you decide whether or not to invest with a company is to compare its pros against its cons to get a better overall picture. Below I have highlighted some obvious points to make this easier for you:
The Good
- Been in business for 38 years
The Bad
- VERY few reviews of the company
- The website lacks in info and support
Do You Own or Represent Sahara Coins?
If you are a representative or associate of Sahara 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 get the e-mail on the about page.
Final Words and Verdict on Sahara Coins
Verdict: Legit
Overall rating: (3 / 5)
Ok, I think that sums up the overall picture pretty well. This is a legit company, yes.
However, I don´t see how they could get more than a 3-star rating with that few reviews because their website lacks info.
So, three stars it is for now, and it feels fair.
It can of course change to a higher or lower one in the future as the reviews on this website are getting updated as soon as some “news” on a company comes up.
You have made a smart choice reading this review as it is always recommended that you research and compare many different companies against each other before making an educated decision.
Am absolutely sure that you will find an IRA custodian that is right for you as you clearly (as you have read this far) understand this concept.
Which Company Do You Recommend?
If you are looking for a reputable gold IRA custodian besides any other company, you should check out Augusta Precious Metals.
They have ZERO complaints from A LOT of real users. They are used by conservative legends respected by well-known publications and websites.
And A LOT more benefits!
Click here to see yourself why Augusta Precious Metals is #1 rated
I hope you found this short review on Sahara Coins to be helpful, and now you might have a better overall picture of what it is and if it is a scam or not, and importantly, will it be something for you? If you have used any of its services, please share your experience with us in the comment section below, as it can help others. Also, if you got any other questions on this review, I will be more than happy to answer them below.
I wish you the best!
Michael
Founder of: Gold Retired
Thank you for the very detailed review of the Sahara Coins company. As a buyer I appreciate the transparency of the dealer I am dealing with. Based on your review there are couple of red flags for me (lack of support and information on the website), that will definitely will not make me to pick this company to deal with. I really hope they will improve information and support of the website, then we will have more golden dealers to choose from.
Thank you! Glad to hear you liked the review and found it helpful.
Agree with you on those red flags also.
Thanks again for your comment.
/Sincerely