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 in this short review!
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, or else you might want to avoid)
Important to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing 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 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 Silvertowne!
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?
- What are the unique advantages and disadvantages associated with dealing with this company?
- Are there better alternatives out there?
By obtaining the answers to these questions, you will be better positioned to decide whether to work with SilverTowne and whether you can buy 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 coins, precious metals, and modern coin dealers globally. One thing that stands out about this company is that it started 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 from a humble beginning to a reputable multi-million dollar business.
How does it work?
Transacting with SilverTowne is 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 found in other regular e-commerce sites. Therefore, a client is expected to create their account, select the product they want to purchase, place it in a cart, and proceed to the checkout phase.
This reveals 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 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 also managed to 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.
**Be aware of the Numismatic coins scams that commonly take place in the industry
Does Silvertowne.com offer IRAs to its clients? Well, they do not offer IRAs directly through them but instead through any of their IRA custodians that they have partnered with, and those are:
Some of the IRA custodians above are partnered with many gold dealers, and even with some of the top-rated ones. I would recommend a couple of them while not recommending the other half.
Is SilverTowne a Scam, or is it Legit?
No, it is not a scam. 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 deciding 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.
However, if it is your best alternative out there is a whole other story, and that leads us to what the most well-known and trusted independent third party consumer protection agencies have to say about them.
SilverTowne Reviews, Complaints & Ratings
Rating: A+ (NOT an Accredited business) click here for details (opens in new window)
Rating: (3.8 / 5) (from 3 reviews) click here for details (opens in new window)
BCA (Business Consumer Alliance)
Rating: (3 / 5) (from 13 reviews) click here for details (opens in new window)
I purchased several coins from Silver Towne in the past. On my last order, they backordered a coin without letting me know, it was just listed on the packing slip. Then I waited for over two months without hearing anything from them. I had to contact them to get my backordered coin refunded. Also, they charged me additional shipping for the other coin and never refunded the addition charges. There are lots of places to buy coins/metals. I would recommend another seller.
**This complaint was found on the Yelp website (see link above)
As you can clearly see above there isn´t much to be found in the form of reviews from their clients, just a small amount on Trustpilot and on Yelp, and those include some complaints as well. There seem to be several clients who feel unfairly treated, and the testemonials are there for anyone to see.
I don´t know about you but I would rather do business with a company that got hundreds of positive reviews (from all of the consumer protection agencies above) instead.
Learn about the #1 rated gold & silver company (by most 3rd party consumer protection agencies in the industry) on this page
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 compared to what is offered in the market.
Pros and Cons
It is always wise (and recommended) to look at both the positive and the negatives before making any 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 a long time.
- 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 simply by sending us an e-mail: email@example.com
Final words and verdict:
Overall rating: (3 / 5)
Ok, I think that sums up the overall view of this company pretty well. It is a legit one for sure. However, if it is your best alternative, 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 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 AUGUSTA, the U.S.’s #1 rated company to invest in Precious Metals no matter if it is in an IRA or direct purchase outside of an IRA.
I hope you found this short review of SilverTowne.com helpful, and you now have a better understanding of what it is and if it is for you. If you have used their service, 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