Hello and welcome to another Gold Retired Review! Today we’ll be investigating 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 back to this company or store with it? How does it rank compared to our #1 Recommended solution?
Let’s get started and find out!
Company: The Royal Mint
Owner: HM Treasury
Who is it for: People looking to invest in precious metals.
Overall rating: (2 / 5) Not Recommended
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 The Royal Mint Bullion!
What is The Royal Mint Bullion?
The Royal Mint Bullion is a British, goverment-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 huge 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 bars in silver, gold, and platinum. 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. If you’re looking to include precious metals in your retirement portfolio 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 possibly take place due to working with two different companies.
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Can you store with the company?
Yes, You can store 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 are based on the average daily market value of your total metal holding that is 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 be equal to 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 in excess of costs suffered by The Royal Mint will be donated to charity.|
|Minimum Storage charge||No minimum charge|
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 new window ) to find out more information about the delivery fees.
Countries allowed? ( International delivery )
The Royal Mint Bullion allows and delivers to all countries except these ones:
Afghanistan Argentina Armenia Azerbaijan Belarus Burundi Congo Eritrea Guinea Rep. Iran Iraq Ivory Coast Korea, D.P.R of
Lebanon Liberia Libya Myanmar
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 the online reviews and ratings of any company 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:
NOT Accredited by the BBB.
Rating: (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:
The only reviews available about this company are on Trustpilot and the majority of them are really bad, to say the least. This company clearly has a lot of unsatisfied customers which makes it fall behind compared to other competitors with an excellent reputation and customer satisfaction.
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 got the e-mail on the about page.
Final Words and Verdict
Overall rating: (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 a smart person. I am absolutely sure that you will find the right company that suits your particular needs the best. I would advise you to compare different alternatives against each other before you make a decision. Below you got my absolute #1 recommended IRA custodian:
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 in the comments below, I’ll be more than happy to answer!
See you soon!
Owner of: Gold Retired.