Is Nationwide Coin and Bullion a Scam? (2023 Review) Simple Truth

Is Nationwide Coin and Bullion a Scam? You might be asking yourself this question, and rightfully so! As a responsible investor, one of the most important thing to do is to DYOR or Do Your Own Research. 

Investing in precious metals is one of the most effective means in securing your future. However, poor decisions can lead to bad investments. That is why I am here to help you choose the perfect company for you. Furthermore, I am gonna discuss here whether Nationwide Coin and Bullion Reserve can be trusted or not.

In this review of Nationwide Coin & Bullion Reserve, we will discuss the company's services, pricing, and ratings. We will also address some of the most common questions that people have about the company. So, come and join me as we go through what Nationwide Coin and Bullion Reserve is all about.

Nationwide Coin and Bullion Reserve Quick Summary

What is Nationwide Coin & Bullion Reserve?

Nationwide Coin and Bullion Reserve is a precious metals company that was founded in Houston, Texas in 2009. Their precious metals offerings include bullion bars, bullion coins and numismatic coins. 

The company is a reputable precious metals dealer in the USA. And actually, they specialize in both U.S. and foreign government-issued coins, as well as IRA-eligible products. 

They boast to have over 100 years cumulative experience among their experts. Furthermore, they claim that they are the most suited precious metals company for clients. They claim that they can make a customer's portfolio have a high return on investment with their experts.

Nationwide Coin and Bullion Reserve promises to be always honest with their customers and give them "Industry-leading" advice. In fact, Nationwide Coin and Bullion Reserve was awarded with the 2019 JCK Award for Best Customer Service in the precious metal industry.

Nationwide Coin and Bullion Reserve Products

Nationwide Coin & Bullion Reserve's website lists three primary product categories. These are gold coins, silver coins, and pre-1933 American gold coins. However, the company also offers a variety of bullion products.

As of this time of writing, the following are the available precious metal products as seen on their website:

• Gold: American Eagle Coins, Liberty Gold, Buffalo Coins, South African Krugerrands, Canadian Maple Leaf Coins, Indian Head Quarter Eagles, PAMP Suisse Gold Bars, and 1 Oz Gold Bar.
• Silver: American Eagle Coins, Silver Buffalo Coins, Silver Maple Leaf Coins, Mercury Dimes, and 1963 Kennedy Silver Half Dollars.
• Pre-1933 Gold: Indian Head Quarter Eagles, Gold Indian Head, and Saint-Gaudens Double Eagle Pre-1933.

Aside from that, the company also offers coins from other countries, gold/silver start up packages, anniversary coins, and IRA rollovers.

As you can see, Nationwide Coin and Bullion Reserve does not have an extensive product catalog. Even then, they often are out of stock with these items. If you want to invest in a company that offers a wide range of precious metals, you should check out Goldco, out top-recommended company.

Does Nationwide Coin and Bullion Reserve Offer IRA?

Yes, Nationwide Coin and Bullion Reserve offers IRA services. In addition, you can hold precious metals assets with their IRA like Gold American Eagles and Gold proof American Eagles. Furthermore, you can store other precious metals as long as they are IRS-approved. 

You can start with their IRA services by talking to one of their Senior Gold Specialist, which will help you in setting up your IRA account. 

However, they do not have their own storage facilities. They do not state where your precious metals will be stored for safekeeping. Furthermore, they only stated that it will be stored in a designated specialized precious metals depository.

Is Nationwide Coin and Bullion Reserve an IRA Custodian?

Nationwide Coin and Bullion Reserve offers IRA services, but they are not an IRA custodian. This means that they do not hold your IRA assets directly. Instead, they work with IRA custodians to help you open and manage your IRA account.

The company offers a variety of IRA products, including simple IRAs, self-directed IRAs, and self-directed 401(k)s. If you are interested in opening an IRA account with Nationwide Coin and Bullion Reserve, you can contact their customer service and they will be happy to assist you.

Goldco, our top-recommended company also offers IRA services, and they are at the same time an IRA custodian. They are one of the best precious metals and Gold IRA providers in the industry!

Prices and Fees

Nationwide Coin and Bullion Reserve prices their products based on the current market values. But, it is worth taking note that they offer competitive prices, and some products are even available below retail prices. 

As of July 27, 2023, the price of a 1-ounce American Buffalo Gold Coin at Nationwide Coin and Bullion Reserve is $2,118.49.  This is slightly lower than the price at Goldco, which is $2,149.95, and even cheaper than Augusta Precious Metals' $2,174.95

However, it's important to compare prices before you buy, as the prices of precious metals can fluctuate daily. You can check the company's website or give them a call to be updated with the current prices.

Nationwide Coin and Bullion Reserve Payment Methods

The company accepts various payment options. The payment methods that are accepted by Nationwide Coin And Bullion Reserve are the following:

• Credit cards: Visa, Mastercard, American Express, and Discover.
• Debit cards: Visa, Mastercard, and Discover.
• Wire transfer: Wire transfers are accepted for larger orders.
• Check: Checks are accepted for orders up to $5,000.

There are no additional fees or discounts for using any of these payment methods. Nationwide Coin and Bullion Reserve does not charge any fees for using credit cards, debit cards, or wire transfers. However, they do charge a $25 fee for processing checks.

If you are using a credit card, your order will be processed immediately. If you are using a debit card or wire transfer, your order will be processed within 24 hours. And lastly, if you are using a check, your order will be processed within 3-5 business days.

You can pay for your order online or by calling Nationwide Coin and Bullion Reserve. If you are paying online, you will be directed to a secure website to enter your payment information. If you are calling, you will be given a credit card number to charge your order.

Nationwide Coin and Bullion Reserve Gold Spot Prices

The company does indeed depend on spot prices for their precious metal products. Nationwide Coin and Bullion Reserve bases on the current prices on the open market, plus a premium. The premium is averagely 1-3% and it is the company's way to cover their costs and make a profit.

Does Nationwide Coin and Bullion Reserve Offer Rare Coins?

Nationwide Coin and Bullion Reserve does not specialize on rare coins. In fact, at this time of writing, they do not have rare precious metal coins listed or available in their website. 

If you want to purchase rare coins, you should take a look at one of the best precious metals companies in the industry, Goldco. Not only do they have a broad selection of rare coins, but they also got lots of products and services to offer that can only be found with them.

How To Buy From Nationwide Coin and Bullion Reserve

Nationwide Coin and Bullion Reserve has a straightforward and easy buying process. Here are the steps involved:

1. Create an account. You can create an account on their website by providing your name, email address, and phone number.
2. Add products to your cart. Browse their website to find the products you are interested in and add them to your cart.
3. Proceed to checkout. Once you have added all the products you want to your cart, you can proceed to checkout.
4. Select your payment method. Nationwide Coin and Bullion Reserve accepts credit cards, debit cards, wire transfers, and checks.
5. Confirm your order. Review your order information and confirm your order.
6. Receive your order. Your order will be shipped via FedEx once your payment is confirmed. You will receive a tracking number so you can track the progress of your order.

The best thing about purchasing from Nationwide Coin and Bullion Reserve is that they will give you a welcome gift, which is a free two-year subscription to "American Gold Journal" and "Inside The Vault."

Shipping Services and Policy

Nationwide Coin and Bullion Reserve offers free shipping on every verified purchase above $100. The flat rate for orders below $100 is $10.

The good thing is, Nationwide Coin and Bullion is currently having a promotion wherein they do not require a minimum order amount for you to avail of the free shipping policy. To know the details of this promo, do check on their website.

In addition, they claim that shipment to your home will usually take 7-10 days after it is verified. Furthermore, your location relative to their operating center, which is Texas, determines how long you have to wait to receive your order. 

Nationwide Coin and Bullion Reserve Claims that they provide their customers tracking numbers with their order. They claim that customer will be able to trace their orders when it gets processed up to delivery.

Storage Facilities and Services

Nationwide Coin and Bullion Reserve does not have its own IRA storage facility. However, they do partner with third-party storage providers. The following are the different storage options that Nationwide Coin and Bullion Reserve offer for their customers

• Home Storage: The most affordable option, but it is also the least secure. Your metals will be stored at your home, so you will be responsible for their security.
• Secured Storage: More secure than home storage, but it is also more expensive. Your metals will be stored in a secure facility off-site, and they will be insured against loss or theft.
• IRA Storage: The most secure option, and it can also be convenient. Your metals will be stored in an IRA-approved facility, so you will not have to worry about storing them at home.

Nationwide Coin and Bullion Reserve does not indicate where the storage facilities are. Regardless, if you opt for secured storage, your metals are insured and stored in a secure facility with 24/7 surveillance protection.

RA storage and secured storage have fees associated with them. It is important to understand these fees before you choose a storage option, so that you can make sure that it fits with your preferences.

Educational Resources and Services

Nationwide Coin and Bullion Reserve has several educational resources and services that they freely offer to anyone. These can be accessed through their website, and contains lots of information pertaining to precious metals.

First, they have an educational blog. This section in their website has over a hundred blogs and articles that covers the basics of precious metals investing, types of precious metal products, and even guidelines in storing your precious metals safely.

They've also got videos and webinars featuring experts of the industry, discussing, educating, and providing in-depth information related to precious metals investing. Lastly, they also got a FAQ section wherein you can seek for immediate answers.

Where Is Nationwide Coin and Bullion Reserve Located?

Nationwide Coin and Bullion Reserve is located at 11301 N Central Expressway, Suite 100, Dallas, TX 75231. They also have another physical office located at 12026 Katy Freeway, Suite 120, Houston, TX 77079. 

The company allows precious metals purchases in their physical store. Aside from this, you can also avail their services or reach out your concerns with them in these offices.

Nationwide Coin and Bullion Reserve Buyback

It is not publicly noted in their website, but Nationwide Coin and Bullion Reserve has a buyback policy. If you are interested in selling your precious metals, you only need to contact their customer service.

The buyback policy states that the company is willing to buy back products that have been purchased from them at their current buy/bid price. They do not charge any additional fees or commissions on these purchases.

However, it is important to note that you may receive less than what you paid for the products, as the amount you receive will depend on the market conditions and your original purchase price.

The law prohibits the guarantee of purchasing back coins. Therefore, Nationwide Coin and Bullion Reserve's buyback policy should not be interpreted as a guarantee, as it can change without notice.

If you live in Arizona, they have a physical location where you can visit and ask them in person. In the other hand, you can contact Nationwide Coin and Bullion Reserve's customer service team in different ways that includes:

• Contacting them by calling their phone number
• Use their live chat feature on their website
• Or simply email them

Nationwide Coin and Bullion Reserve's customer service has a mixed reputation. While most customers are satisfied with the company representatives knowledgeable and helpful approach, others have complained about difficulties in contacting them.

There have been previous complaints about Nationwide Coin and Bullion Reserve using bait and switch techniques and afterwards admitting that by doing follow up calls.

Nationwide Coin and Bullion Reserve Website Check

When I went to their website, I found it easy to navigate and very user-friendly. Furthermore, their homepage is clean and has a spot price banner that updates you with the current price of precious metals.

Their tabs and sections are easy to spot on it displays a clear call to action where visitors can freely interact with the website. Creating an account with them seems very easy to do on their homepage. Lastly, at this time of writing, there are no bugs and glitches in the website. 

Nationwide Coin and Bullion Reserve Ratings

Ratings and reviews from trusted experts can give you an idea of how good or bad a company's products and services are. It's important to read these reviews before investing.

Here is how Nationwide Coin and Bullion Reserve is rated and reviewed by other reputable websites. (UPDATED JULY 2023)

Nationwide Coin and Bullion Reserve BBB Rating

Nationwide Coin and Bullion Reserve has a 3.7 out of 5 star rating on BBB, based on 27 customer reviews. However, they are not accredited by BBB, even after multiple years of operation.

Nationwide Coin and Bullion Reserve also has a history of "Current Alerts" on BBB, which means that they have received complaints from customers. This is a disadvantage for Nationwide Coin and Bullion, compared to their competitors who have excellent ratings and reviews on BBB

Nationwide Coin and Bullion Reserve Trustpilot Rating

Despite having a history of complaints on BBB, Nationwide Coin and Bullion Reserve has a very good rating on Trustpilot. The positive reviews on Trustpilot highlight the company's excellent customer service and wide selection of products.

On Trustpilot, Nationwide Coin and Bullion Reserve has an excellent grading of 4.5 out of 5 stars, based on over 729 reviews. This is a significant improvement over their BBB rating of 3.7 out of 5 stars.

Nationwide Coin and Bullion Reserve BCA Rating

Nationwide Coin and Bullion Reserve has an AA grade and a 4 out of 5 star rating on BCA. However, this is based on only 14 reviews. The AA grade is the highest grade that BCA gives to a company, and it means that Nationwide Coin and Bullion Reserve is a reputable company with a good track record.

The 4 out of 5 star rating is also positive, and it suggests that most customers are happy with the company's products and services. However, it's important to note that the number of reviews is very small. This means that the rating may not be accurate.

Is Nationwide Coin and Bullion A Scam? (Issues and Concerns)

Nationwide Coin and Bullion Reserve sounds like it is a triple-A company. However, it seems that there are many complaints filed against Nationwide Coin and Bullion Reserve in their BBB profile.

Some claimed that they never got their orders and that their customer support was not being helpful at all! In addition, there are also reports that they are allegedly using bait and switch tactics.

They even got sued in Texas for violating the Deceptive Trade Practices-Consumer Protection Act! The guy who sued them claimed that they did not disclose information with him that would make him not deal with their company. You can read more about the lawsuit here.

Furthermore, there seems to be no information about their owner or CEO. In fact, their CEO Lawrence Kuykendall has an assumed name of "Larry Andrews". A complete lack of information about who runs the company behind the curtains is a huge red flag.

Furthermore, it is a very important part of research to know who you are dealing with so you can easily come after them. After reviewing hundreds of companies, Goldco seems to be the company with the highest positive reviews and happiest customers.

Nationwide Coin and Bullion Reserve Customer Complaints

Nationwide Coin and Bullion Reserve has received a handful of complaints from customers. If you're considering doing business with this company, it's important to read the reviews carefully and decide if the risk of a negative experience is worth it to you

It's important to note that not all of the complaints against Nationwide Coin and Bullion Reserve are valid. However, the fact that they have a history of complaints is a red flag. Here are some of the complaints that have been filed:

As you can see, Nationwide Coin and Bullion Reserve has received a number of negative reviews from customers who have experienced poor customer service, alleged bait-and-switch tactics, and not posting the real prices of the precious metals products.

It is worth taking note that there are still customers who are satisfied and happy with their experience with Nationwide Coin and Bullion Reserve. However, the negative reviews that have been posted online raise some concerns about the company's business practices.

Company Pros and Cons

Nationwide Bullion and Coin Reserve Best Alternatives 

Before you invest in precious metals, it is important to do your research and understand the risks involved. There are many reputable precious metals companies, but there are also some scams out there.

It is important to compare different companies before making a decision. Here is a comparison of Nationwide Coin and Bullion with three of its major competitors Goldco, Augusta Precious Metals, and Money Metals Exchange. 

However, my most recommended precious metals company is Goldco. They have superb ratings and tons of positive reviews. Furthermore, they have excellent customer service. So, check them out!

Final Verdict: Is Nationwide Coin and Bullion A Scam?

No, Nationwide Coin and Bullion Reserve is not a scam. They are still operating and they won't be if they were a scam. However, the complains filed upon them can make you question the quality of their service.

As an investor, no one wants to jump through a lot of hoops and problems. Furthermore, the complete lack of information about their CEO or founder is alarming for me. If you can't trust the owner, then can you even trust the company at all? They even got involved in a lawsuit, which in itself is a massive red flag.

If you are still interested in doing business with Nationwide Coin and Bullion, after reading all of this information, it is important to be aware of their alleged tactics and to do your own research before making a decision.

These are the reasons why I cannot recommend this company as there are a lot of other companies out there that you can trust. Goldco is one of those companies and I highly recommend you check them out.

Do you have your own experience with this company? Feel free to share it with us below in the comments!