Golden State Mint is a precious metal investing company that also offers custom minting. This post highlights what customers think of the company, their products and fees, and whether it is a trustworthy business.
Who is Golden State Mint?
Central Florida-based Golden State Mint offers investment-grade precious metals which can be added to a portfolio or held in an IRA. Founded in 1974, the company has since expanded to provide client assistance with cryptocurrency IRAs.
They offer an extensive selection of rounds, coins and bars in the form of gold, silver, platinum and palladium. Most reviewers claimed palladium is only a listed product and not available physically. All products are backed by a 100% satisfaction guarantee. The company has worked hard to be a longstanding member of the American Numismatic Association (ANA), Token & Medal Society (TAMS), and Polygon Network, among other prestigious organizations.
Before we continue...
We have worked very hard to review, research and reveal the most important pieces of information that investors need to know before investing their money. We have been able to narrow a list down to the top 5 gold IRA companies.
I recommend you check the list before proceeding with any IRA transfer.
Quick answer: Augusta Precious Metals is our #1 recommendation for multiple reasons, including their
A+ BBB rating, thousands of top rankings, and Money magazine’s selection of them as “Best Gold IRA Company.” PLUS, they will pay all custodial and storage fees for up to 10 years!
Golden State Mint Ratings, Complaints, and Customer Reviews
Golden State Mint has been awarded an A+ rating by the Better Business Bureau with just one complaint in the last 3 years. It has received 4.4 stars based on 39 reviews by Facebook. There are only a few online reviews for the company. However, most client feedback and ratings on the company’s website are positive.
Compliments are generally about the wide range of precious metals products, free shipping over $99 and secure payment gateways. The few complaints are mainly about lack of live support and difficulty in reaching customer service. Overall, reviewers seem happy doing business with Golden State Mint and the majority state that they would recommend it to others.
What services does Golden State Mint offer?
Minting is the process of stamping raw metals on coins. The company offers silver, gold and copper minting. Besides stamping coins, Golden State Mint also offers:
The company’s website has a complete list of all available items. You can use these precious metal products to fund your IRA. You would need to check whether these are IRA-approved before purchasing.
Gold State Mint offers one of the wider selections of gold categories. These options include:
There are certain products on offer besides weight categories, such as Bitcoin Gold Bullion Round, Gold Wearable Wealth Bullion Bracelet, and Canadian Gold Maple Leaf, among others. There is plenty to choose from the website when shopping.
Precious metals IRA must be continuously funded with more assets. IRA-approved precious metals can be purchased from Golden State Mint, such as:
Golden State Mint offers the option to directly open a gold IRA account.
What does Golden State Mint offer that their competitors don’t?
Golden State Mint offers a unique custom minting ability. You can create your own design and pick the finish, metal and size combinations. There is no better way of truly owning a piece of precious metal. The company makes the process easy by providing support from the initial concept to finished product.
Whenever you purchase from Golden State Mint, you are purchasing directly from the factory. This increases savings by removing the middlemen and purchasing direct. In addition, Golden State Mint minimizes waste and reduces costs by using their own equipment and processes.
What are the fees at Golden State Mint?
The fee for Golden State Mint’s custom minting service is around $1,500 for a complex 3D design and $500 for a basic 2D design. Keep in mind that the price of gold, silver, and other precious metals can change daily. This is why you should keep an eye out on the market. There is a wide array of tools offered by Golden State Mint to help you stay on top of the latest prices.
For instance, they have a Price Tracker tool that allows customers to track the spot price of platinum, silver, gold, and palladium. You also have the option of setting up price alerts to get a notification when the market moves. There is a Price Chart in addition to the Price Tracker to determine price changes over a period of time.
Can you trust Golden State Mint?
Overall, you can trust Golden State Mint if you are looking for an insured, well-priced, and diverse selection of precious metals coins and bullions. While they are not as good at hand-holding as other full-service gold IRA companies, Golden State Mint does provide competitive rates and high-quality bullion.
This is a legitimate business and been operational for over 4 decades. They are a trusted and well-known company in the precious metals industry. The BBB has awarded them an A+ rating. However, even though they are a reputable company, we don’t recommend them. There are better options available.
PROs and CONs of Golden State Mint
Also read: Best Gold IRA Companies, Goldco vs Augusta Precious Metals, Augusta Precious Metals Review, Gold IRA vs Physical Gold,
Golden State Mint offers flexible payment methods. You can make purchases using Mastercard, Visa, mailed check, debit card, Discover credit card, PayPal or bank wire. There are purchase restrictions on specific payment methods. You should check before placing an order.
Insurance is offered on all products that are mailed by the Golden State Mint. You don’t need to worry about lost or damaged precious products. You can monitor the order status online as well. The company provides customers with a tracking number for locating where the product is in the delivery process.
All IRA-approved precious metals are sold by Golden State Mint, including silver, gold, platinum, palladium, and cryptocurrency backed by precious metals.
Golden State Mint is a legitimate business. The company was established in 1974 and has since expanded its reach to include an incredible selection of precious metals and crypto backed assets. The current owner of the company is Andrew Pavlakos.
You should find out where the company stores assets exactly before investing or purchasing anything. Golden State Mint doesn’t explicitly tell which storage facility it uses. It vaguely mentions using IRA-approved administrators. Seasoned and confident investors may see these non-specifics as a red flag.