Today we look at Silvetwone.com for you. What is Silvetowne.com? a Scam or a Legit investment alternative for you? Should you look at other alternatives? Let´s look at these (and more) questions.
Name of the Company: SilverTowne.com
Official Website URL: https://www.silvertowne.com/
General Partner: Leon Hendrickson
Who is it for: Precious metals investors
Overall rating: (3 / 5)
Recommended? : Yes (only if you are visiting the showroom to purchase the products available at the moment, or else you should avoid it)
This is a review of Silvetowne.com, which is done by answering several relevant questions about it.
- What is silverstowne.com?
- How does Silverstowne.com work?
- Which products and services does it offer?
- Is it a genuine company?
- Are there any investment opportunities that one can take up with Silverstowne.com?
- Which are the unique advantages and disadvantages that are associated with dealing with this company?
- Are there better alternatives out there?
By obtaining the answers to these questions, you will be in a better position to decide whether to work with SilverTowne and whether you can its products and services enough to purchase them and recommend them to other people.
What is SilverTowne.com?
SilverTowne has established itself as one of the largest rare coin, precious metals, and modern coin dealers on a global scope. One thing that stands out about this company is that it started off as a very small coin shop, and has over the years managed to grow to one of the largest firms of its kind. SilverTowne now has two retail departments operating under a single roof. Beyond having a retail showroom in Winchester, SilverTowne also supplies interested customers with a wide selection of bullion and coins through its functional website.
Leon Hendrickson is the man behind SilverTowne’s reputation. Leon has, alongside his wife Ruhuma, built this company through the virtues of honesty and integrity. The result has been their rise form a humble beginning to a reputable multi-million dollar business.
How does it work?
Transacting with SilverTowne is actually quite simple. You only have to establish your position as a buyer or seller by visiting the company at its known physical address or by visiting its website for you to view the available products. The SilverTowne website is built like an e-commerce site to facilitate the purchase of coins and bullions. The signup and purchase process is pretty much what is found in other regular e-commerce sites. A client is therefore expected to create their own account, select the product they want to purchase, place it in a cart and proceed to the checkout phase.
This reveals the fact that SilverTowne is leveraging on the benefits of having an e-commerce site alongside a brick-and-mortar store to thrive in a competitive environment. Those clients who get to visit the brick and mortar store get to be served in a cultured environment that Leon Hendrickson and his wife created.
Products and services offered?
SilverTowne.com supplies its products in the form of coins and bullions. These two categories are then subdivided into several categories, depending on the type of precious metal and originality of the coin. Every subcategory has very many numerous items listed under it. The main products on the e-commerce site are:
- Silver Bullions
- Gold Bullions
- Platinum Bullions
- U.S. Coins
Beyond having the precious metals and the coins, SilverTowne has managed to also create a unique line of gifts and supplies that can also be purchased through the e-commerce system process. The gifts are mostly precious metals in the form of coins. These can be gifted to loved ones on special occasions. All products under “supplies” are uniquely made items that go along with the other products sold on this site.
Does Silvertowne.com offer IRAs to its clients? No, they do not offer IRAs.
Is SilverTowne a Scam or is it Legit?
SilverTowne is a legit site that is in the business of providing well-recognized products in the market. The company has risen from a small coin shop to a multi-billion dollar precious metal shop that avails clients in the market with a very wide range of products. If you want to view the products physically before making the decision to purchase them, you can visit the showroom located at 120 Eastern Union City Pike, Winchester IN 47394. The showroom is open from Monday through Friday from 9 am to 5 pm.
SilverTowne has its details provided on Bloomberg(https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=4374249), and this goes a long way into verifying the legitimacy of this company. There are also several reviews on SilverTowne that are given on SilverCoins (http://www.silvercoins.com/silvertowne-reviews/) and Compare Gold and Silver Prices (https://comparegoldandsilverprices.com/dealer-reviews-north-america/silvertowne-reviews/). Unfortunately, there are several negative reviews that are given on how SilverTowne has treated clients unfairly. This may be the reason behind its poor rating on Yelp (https://www.yelp.com/biz/silvertowne-lp-winchester).
SilverTowne does not offer you a direct opportunity to invest your funds. You only have the opportunity to purchase the precious metals that you can, later on, sell at a higher price if you are a trader in precious metals. You can only earn income with SilverTowne if you are selling them precious metals and coins, though there have been complaints that they usually buy such items at very low prices in comparison to what is offered in the market.
Pros and Cons
It is always wise (and recommended) to look at both the positive as well as the negatives before you make any kind of decisions. As always in our reviews we provide you with some obvious points on both sides of the spectrum:
-Has a wide variety of products.
-Has a showroom as well as an e-commerce site.
-Has been in business for long.
-Poor reputation on several website review sites.
Do You Own or represent SilverTowne.com?
If you are a representative, or associate of SilverTowne.com 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:
Overall rating: (3 / 5)
Ok, I think that sums up the overall view of this company pretty good. It is a legit one for sure, however, if it is your best alternative out there is another story.
Always review and compare different alternatives against each other before you make any investment decisions.
You made a wise decision to read this review and you are a smart person, so I am absolutely sure that you will find the right company that suits your particular need the best and that you feel comfortable doing business with.
There are many similar services out there, I have listed many of them on this website, however, the absolute best one I can recommend is Regal Assets, it is the worlds #1 rated company to invest in Precious Metals and also have started to offer Bitcoin and other cryptocurrencies to its clients lately.
I hope you found this short review of SilverTowne.com to be helpful and you now have a better understanding of what it is and if it is for you. Please, if you have used their service then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com