Gold Retired

  • Buying Guide
  • Learn
    • 401k to Gold IRA Rollover Guide
    • #1 Recommended Gold & Silver IRA Solution!
    • Avoid Gold IRA Scams! | (Learn how)
    • Investing in Gold for Beginners | Basics & Tips
    • Top-5 List of Gold Investment Companies | U.S. 2023
    • What is a Gold IRA?
    • What is a 401k to Gold IRA rollover?
    • What is Numismatic Gold Coins? | BEWARE!
    • Gold IRA Pros and Cons
    • Gold IRA Rules and Regulations | 2022
    • Top-5 Gold & Silver IRA Companies | 2022
    • Top 5 Best Gold Coins – Investors Favorite Picks
  • Reviews
    • Augusta Precious Metals
    • Goldco Precious Metals
    • American Hartford Gold
    • Birch Gold Group
    • Advantage Gold
    • Noble Gold
    • Oxford Gold Group
  • Blog
    • Central Bank Digital Currency in USA – Is it being introduced?
    • Why Gold Hedge Against Inflation | one-eyed man in the kingdom of the blind
    • Where do wealthy people invest their money?
    • Gold in War | Why is it a good idea?
    • What Does the Bible Say About Retirement? | Gold & Silver?
    • How to Invest in Gold? | Different Ways You Can Do It
    • Gold Vs. Silver Investment | What makes most sense to you?
    • How to Protect Your 401k From a Market Crash | 6 Best Tips!
    • Gold IRA Scams! | Learn How to Avoid Them!
    • Roth IRA versus Traditional IRA | What Are The Differences?
    • Is it Worth Investing in Gold? Your Freedom is Under Attack!
    • What is IRA Basis? | Simple Explanation
    • 16 coins to have in a Cryptocurrency IRA | New 21/22 List!
    • What is The 702(j) Retirement Plan? | Not a Smart Idea?
  • Our #1 Recommendation

What is The Royal Mint Bullion – Reviews and Complaints!

May 7, 2019 by admin Leave a Comment

Hello and welcome to another Gold Retired Review! Today, we’ll investigate a British precious metals dealer: The Royal Mint Bullion. What is The Royal Mint Bullion? What are the products and services it offers? Can you sell it back to this company or store it? How does it rank compared to our #1 Recommended solution?

Let’s get started and find out!

Company: The Royal Mint

Website: www.royalmintbullion.com

Owner: HM Treasury

Who is it for? People who would like to invest in precious metals.

Overall rating: 2 out of 5 stars (2 / 5) Not Recommended


Essential 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 an intelligent 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 Royal Mint Bullion!


What is The Royal Mint Bullion?

The Royal Mint Bullion is a British, government-owned mint and precious metals dealer. There’s no question about the legitimacy of this company, but the quality of the services is what we’ll be focusing on in today’s review.

This company is vast, with over £506 million in revenue as of 2017.

Here’s a screenshot of the physical address of the Royal Mint Bullion:

What are the products and services offered?

The Royal Mint offers coins and silver, gold, and platinum bars. It also offers signature coins and World coins.

Here’s a screenshot of some of the gold coins this company offers:


Does it offer IRAs?

The Royal Mint Bullion is NOT an IRA custodian. This company is just a precious metals dealer, and there is no information on their website about whether they include IRA-eligible precious metals in their products. Suppose you’re looking to include precious metals in your retirement portfolio. In that case, it’s advised to work with a company that is both a precious metals dealer and an IRA custodian to avoid the hassle that could occur due to working with two different companies.

==> Want to take a look at our #1 recommended IRA solution instead? (low one-time, flat fee)


Can you store with the company?

Yes, You can store it with the Royal Mint Bullion. Here’s a Table that details their storage fees for coins and bars:

Storage rate The storage rate is 1% + VAT per annum. Storage rates are charged quarterly in arrears and based on the average daily market value of your total metal holding stored in The Vault™. Invoices are issued quarterly and must be settled immediately.
Late Payment Fee A late payment fee may be charged on outstanding payments for storage. The fee will equal 0.50% of the overdue balance for every month or part month that the balance remains unpaid. This charge reflects the costs of collection. Any fees collected more than costs suffered by The Royal Mint will be donated to charity.
Minimum Storage charge No minimum charge
Extraction fee Free

Can you sell back to the company?

Yes, you can sell back to the Royal Mint Bullion. Here’s an excerpt from their website that talks about the whole process:

Royal Mint Bullion offers you the flexibility to sell your gold bullion coins and bars to us at competitive rates, based on live precious metal market prices. The gold you sell to us does not have to be produced by The Royal Mint as we will gladly accept enquiries regarding coins and bars from other mints and refineries around the world. This gives you the opportunity to sell bullion which was stored or purchased elsewhere offering you both convenience and flexibility.

You either have the option to send your gold coins and bars to The Royal Mint using a track and trace delivery service offered by your local post office or by hand delivery to one of our approved partners in London.

For higher value orders we may be able to offer a convenient collection service from your registered address.

Can you get the precious metals delivered home?

Yes, the Royal Mint Bullion offers delivery. You can check out their FAQs page ( opens in a new window ) to find more information about the delivery fees.

Countries allowed? ( International delivery )

The Royal Mint Bullion allows and delivers to all countries except these:

Afghanistan Argentina Armenia Azerbaijan Belarus
Burundi Congo Eritrea Guinea Rep. Iran
Iraq Ivory Coast Korea, D.P.R of
(North)
Lebanon Liberia
Libya Myanmar
(Burma)
Rwanda Serbia Sierra Leone
Somalia South Sudan Sudan Syria Tanzania
Tunisia Uganda Venezuela Yemen Zimbabwe

What about online ratings and reviews?

It’s always highly recommended to go through any company’s online reviews and ratings, even if it’s government-owned, like this one. You can be surprised by the reviews you can find about a company you’d expect excellent service from. Is that the case for The Royal Mint Bullion? Well, here’s what the top review websites have to say about it:

BBB

Rating: N/A

NOT Accredited by the BBB.

Trustpilot

Rating: 1 out of 5 stars (1 / 5) out of 79 reviews

Click here for more details ( opens in a new window )

Here’s an example of one of the awful reviews this company has on Trustpilot:

What is The Royal Mint Bullion

Trustlink

Rating: N/A

Yelp

Rating: N/A

Conclusion: 

The only reviews available about this company are on Trustpilot, and most of them are terrible. This company has a lot of unsatisfied customers, which makes it fall behind compared to other competitors with an excellent reputation and customer satisfaction.

P.S.

Learn about the #1 rated company (by most 3rd party consumer protection agencies in the industry) on this page


Do you Own or Represent The Royal Mint Bullion?

If you are a representative or associate of  The Royal Mint Bullion 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

Verdict: Legit

Overall rating: 2 out of 5 stars (2 / 5)

Okay, I think that’s everything that could be said about The Royal Mint Bullion. Although this company is government-owned, it failed to live up to the expectations, and apparently, its customer service is catastrophic. I would honestly recommend looking in other directions.

So, What IRA company do we recommend?

You made a wise decision to read this review, and you are an intelligent person. I am sure that you will find the right company that suits your needs the best. I would advise you to compare different alternatives against each other before you decide. Below you got my absolute #1 recommended IRA custodian:

Click here for my #1 recommended IRA solution!


That’s it for this review! I hope that you now know what The Royal Mint Bullion is and whether you should consider it or not. If you have any questions or remarks, please leave them below. I’ll be more than happy to answer!

See you soon!

Michael

Owner of: Gold Retired.

Filed Under: Gold Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending from blog

  • Central Bank Digital Currency in USA – Is it being introduced?
  • How to Protect Your 401k From a Market Crash | Some Tips!
  • What the Bible Say About Retirement? | Gold & Silver IRAs?
  • Where do wealthy people invest their money?
  • How To Write a Retirement Speech | 6 Tips To Get You Started

Important pages

  • 401k to Gold IRA Rollover Guide | 5-Steps
  • Our #1 Recommended Gold & Silver IRA Solution
  • Avoid Gold Scams! | (7-Minute Read)
  • Top-5 Gold IRA Companies 2023
  • 2023 Buying Guide (gold & silver for any budget)
  • How To Invest In Bitcoin – From Your Retirement Account
  • How to avoid Bitcoin Scams
  • 401k to Gold IRA Rollover Guide | 5-Steps
  • Our #1 Recommended Gold & Silver IRA Solution
  • Avoid Gold Scams! | (7-Minute Read)
  • Top-5 Gold IRA Companies 2023
  • 2023 Buying Guide (gold & silver for any budget)
  • How To Invest In Bitcoin – From Your Retirement Account
  • How to avoid Bitcoin Scams

Useful Links

  • About Us
  • Contact Us
  • Affiliate Disclaimer
  • Privacy Policy

Gold Retired © 2023 | All Rights Are Reserved

  • See #1 Recommended Gold & Silver Firm