Westminster Mint: A Comprehensive Examination

In search of effective methods to bolster your finances and shield against market fluctuations? You've likely noticed that several seasoned advisors emphasize the merits of gold, silver, and other precious metals. This journey might have also introduced you to Westminster Mint.

Now, who exactly is Westminster Mint? Can they be trusted? Are they poised to assist you in achieving your fiscal aspirations and deliver top-notch offerings? Dive in further as we unravel crucial insights about this establishment, pivotal for your discerning judgment!

• Product: Precious metals

• Owner: Ian Clay (President)

• Overall Rating: 3.⅗

Westminster Mint: A Closer Look

Established in 2001, Westminster Mint has its roots in Minnesota. Since 2008, they've been an accredited member of the Better Business Bureau, boasting an impressive A+ rating.

Partnering with Westminster Mint means aligning yourself with a firm with a profound grasp of precious metal investments. Every team member brings a wealth of knowledge from the coin-collecting realm. Notably, they're a recognized dealer of coins authenticated and graded by giants like the Numismatic Guaranty Corporation (NGC), the American Numismatic Association Certification Service (ANACS), and the Professional Coin Grading Service (PCGS).

For on-the-go clients, Westminster Mint extends a complimentary mobile app. This digital tool simplifies monitoring precious metal items, facilitates buying or selling of bullion, and offers a pulse on market shifts.

Gold

Diverse gold coin and bar options await investors at Westminster Mint. Their offerings feature:

 Coins

Gold Offerings:

• American Eagle Gold Coins

• American Buffalo Gold Coins

• Canadian Maple Leaf Gold Coins

Gold Bars:

• PAMP Suisse Gold Bar (1 gram)

• PAMP Suisse Gold Bar (5 grams)

• PAMP Suisse Romanesque Cross Gold Bar (1 oz)

• PAMP Suisse Romanesque Cross Gold Bar (10 grams)

• PAMP Suisse Multigram Assay Holder with 25 x 1 gram Gold Bars

Silver Insights:

Contemplating an investment in silver? Be it coins, bars, or rounds, Westminster Mint provides an array of selections:

 Silver Coins

Silver Selections:

• American Eagle Silver Coins

• Canadian Maple Leaf Silver Coins

• Austrian Philharmonic Silver Coins

• British Britannia Silver Coins

• Australian Kangaroo Silver Coins

• Peace Silver Dollar Collections

• Morgan Silver Dollar Selections

 Silver Bars:

• Westminster Mint Silver Bar (10 oz)

• Silver Bullion Ingot (10 oz)

• Westminster Mint Silver Bar (1 oz)

• Silver Bullion Ingot (1 oz)

• PAMP Fortuna Silver Bar (1 troy oz)

• PAMP Fortuna Silver Bar (5 troy oz)

• PAMP Fortuna Silver Bar (10 troy oz)

 Rounds:

• American Buffalo Silver Rounds

• Eagle Type III Design Silver Bullion Rounds

• Monster Box of Silver Bullion Rounds (500 pieces)

Unique & Valuable Coin Collections

Westminster Mint presents a curated collection of coins that span from rare to ancient treasures. For those fascinated by history or simply seeking unique items, these might catch your eye:

 Time-Honored Coins

• Alexander III the Great (336 – 323 BC) piece

• Phocus (AD 602-610) memento

• Attica, Athens (165-42 B.C.) relic

 Sunken Treasure Coins

• 1857 Double Pinch Gold from S.S. Republic

 Gold Cache Coins

• 1912 $5 Gold Token from the Bank of Canada's collection

• 1913 $10 Gold Token from the Bank of Canada's reserve

• 1914 $5 Gold Token from the Bank of Canada's stash

• 1914 $10 Gold Token from Bank of Canada's trove

Shipping Details

Westminster Mint is keen on promptness. Typically, placed orders are dispatched within three days. However, the portal advises customers to allow up to 15 days for arrivals. Deliveries utilize U.S. Priority Mail, and for purchases exceeding $100, a signature upon receipt is essential.

Every shipment is accompanied by comprehensive transit insurance, ensuring the safety of your cherished metals and giving you that added tranquillity.

Unlike several peers who waive shipping fees past a specific purchase value, Westminster Mint follows a different scale. As your order's worth escalates, so do the shipping fees. For instance, a purchase up to $300 incurs a $11.40 shipping fee, whereas a sizable order between $50,001 and $100,000 attracts a $294 shipping charge.

Is Westminster Mint Showing Any Warning Signs?

Having gone through the Westminster Mint details, you might wonder if any warning signals hint there are better choices than this. A practical starting point? Scouring feedback from prior patrons. Often, such reviews give you a more transparent snapshot of the company than just its website.

For a well-rounded view, we delved into four trusted online review platforms to gauge what others say about Westminster Mint. These include the Better Business Bureau, Business Consumer Alliance, TrustLink, and Trustpilot. Here's a summary of their ratings for your convenience.

While Westminster Mint's ratings seem passable, they don't exactly shine brightly. Their reviews place them squarely in the middle ground of the pack.

Would you be comfortable partnering with a run-of-the-mill firm, especially when others boast glowing reviews? This is something you'll want to reflect on. Stay with us for more insights in the subsequent section to guide your decision-making.

• Better Business Bureau: A+ grade; Recognized BBB Business

• Business Consumer Alliance: Secured a B grade

• TrustLink: No specific rating was found

• Trustpilot: 3.7/5 stars (based on a single review)

"Is Westminster Mint Genuine or a Scam?"

You're probably pondering whether entrusting Westminster Mint with your hard-earned money is wise. Let's address that concern. Westminster Mint has a track record, having operated for two decades, and holds a commendable A+ rating from the Better Business Bureau.

That said, just because they aren't scam artists doesn't automatically make them the ideal fit for your investment needs. A few factors make us pause before giving a wholehearted endorsement.

Their reviews, as highlighted earlier, hover around the average mark. Despite the Better Business Bureau's A+ accolade, the Business Consumer Alliance awards them just a 'B', below the superior A, A.A., and AAA ratings. Based on a singular review, the Trustpilot score stands at a modest 3.7/5.

It's concerning that for a company in the game for 20 years, Trustpilot features only one review, unlike other precious metal firms that boast thousands. This scarcity of feedback hardly paints a comprehensive picture of Westminster Mint's offerings.

Equally problematic is the tally of 13 grievances lodged against Westminster Mint over the last 36 months. A majority, nine to be precise, revolve around product or service discrepancies. Such statistics do raise eyebrows and instil a sense of caution.

Also, a thorough scan of Westminster Mint's online portal revealed no indication of offering IRA services. For many prospective precious metal investors, incorporating these metals into an IRA for its tax perks is a pivotal criterion. Westminster Mint's omission in this sector may nudge you towards exploring other avenues.

Features

Westminster Mint boasts a two-decade business journey. They proudly wear an A+ badge from the Better Business Bureau. For modern customers, they've rolled out a complimentary mobile app, simplifying transactions and updating you with real-time market rates. Their impressive catalogue flaunts an array of gold and silver coins alongside bars. Furthermore, if you have a penchant for the unique, Westminster Mint's rare coin collection is worth exploring. Their team is swift with order processing and dispatching, ensuring timely deliveries. Every package comes with a promise: complimentary in-transit insurance.

Upsides:

• Every shipment comes insured at no extra cost.

• An extensive collection of coins and bars awaits you.

• Stay updated on the go with their no-cost mobile app, streamlining purchases and market tracking.

Downsides:

• Customer feedback could be more extensive in number.

• Existing reviews suggest a mediocre experience.

• In the past trio of years, 13 concerns have been reported to the BBB regarding the company.

• Their digital space is silent on IRA provisions.

• Shipping? It comes with a price tag, irrespective of your order's total value.

Final Verdict

Would we vouch for Westminster Mint? Frankly, we'd hesitate. The scant customer feedback paints a partial picture of their operations. And the 13 complaints lodged with the BBB over a mere three-year span? That raises eyebrows. Also, their omission of Precious Metals IRA offerings needs to be in their favour from our perspective.

But here's the silver lining: the vast gold investment landscape is vast. Numerous firms out there shine with glowing reviews and provide IRA options. Our friendly advice? Dig a bit deeper and consider opting for one of those entities!