Imagine waking up the next day to find most of your savings is gone because of the fickle economy today. That’s right, nothing is for certain in this day and age and therefore to protect your savings against dangers of hyperinflation, the fall in the US dollar’s value and the incompetence of our government, a gold IRA is the way to go.
Our Rust Rare Coin review aims to discover what this company does offer and whether it is advisable to do business with them.
Rust Rare Coin Services
Rust Rare Coin is, just as its name suggests, a coin dealer. They offer a pretty impressive selection of coins that are organized by type like quarters, half cents etc.
In all honesty, they only sell coins and pretty much nothing else so there is nothing much to say about their services and products. What about investment grade metals then?
As you cannot find a section for investment grade metals and they do not indicate whether their product listings are IRS accepted or not either, it is not entirely clear which may be allowed for a precious metal IRA.
The website of Rust Rare Coin actually has a page about bullion, IRAs, investing in precious metals etc. but it only goes as far as information and no services related to gold IRAs can be found. Therefore, it seems that the company is not an official gold IRA custodian.
The company does provide two additional services that are their Mormon money section and Boy Scout coin collection merit badge program. Nevertheless, none of these applies to precious metal investment.
In this section of our review on Rust Rare Coin you will look at some customer feedback on the company to see how they do business.
Here is a disappointed customer who complains about how the company never had Silver Eagles available when he wanted them:
“As this shop came up in Google search results, I decided to check it out. Over the phone they seemed nice so I drove down that morning. The shop has odd hours and is not opened until 9:30am. I asked for a few Silver Eagles but was told that they were not in stock. I tried a different coin shop in SLC named Monarch coin and they had them. I even went back to Rust Rare Coin for the Silver Eagles three times after that (each time about 1 month apart) but they never had them either. It’s possible to order them but then it would take about a month before you can receive them. In SLC there are several other reputable shops that actually have the Silver Eagles in hand so just don’t waste your time with Rust Rare Coin.” – Ben
This customer, however, was impressed with the customer service that he received:
“Rust Rare Coin is impressive and I do not even look at my income to say. At RRC I am always treated in the same manner as with a man in expensive suit or a lady in nice dress. I have purchased quite a few ounces of Gold, several ounces of Silver and also sold some Gold for my friends at Rust. All transactions are handled in the store front and each only takes a couple of minutes. Depending on the demand delivery of rounds might take a while but that’s an issue of the market sector. I will surely go back to Rust in the future.” – Rory
And here are two short yet contradicting reviews:
“Honest and reputable coin dealer” – Joseph Samuel
“Terrible customer service while employees are all douches!!!” – Jose
Overall there was not much feedback for the company but here are some ratings that I managed to find:
With a very simple and streamlined business model, Rust Rare Coin sells coins and that’s just about it. The company does offer some additional services such as the Boy Scout program; however, nothing really applies to investment in precious metal.
It’s a mixed bag as far as customer feedback goes but there are more positive comments than negative ones.
Despite that I cannot really recommend the company for investment purposes except when you’re highly experienced with purchasing investment grade coins or you’re buying through qualified gold IRA custodians.
Therefore, the final scores for Rust Rare Coin are:
7/10 – as a coin dealer
1/10 – IRA services