Without an investment in a gold IRA, your savings could be at risk because of today’s fickle economy. During harsh economic times, gold IRAs keeps your savings safe with the possibility of increases in value, which makes them an ideal investment choice.
Scotsman Coin and Currency Services
Although the website of Scotsman Coin and Currency is rather cluttered and hard to navigate, it was possible to determine that the company buys and sells precious metals, which is pretty obvious though given their name.
Regarding their inventory, the website lists their items with buy and sell prices in spreadsheet from. However, instead of an actual price, the word “quote” is given for a number of items so my guess is that you have to give them a call for a quote on such items.
Scotsman Coin and Currency sells fine jewelry as well but for that you will get redirected to another better designed website.
There is also an auction program but it is not as simple as when you place a bid in an eBay auction. You will have to follow quite a few regulations, rules as well as other stipulations and apparently you have to register on their website to participate.
There is no mention of IRA services on their website and there is no real information on investment grade metals either.
In this section, our Scotsman Coin and Currency review aims to show you what people are saying about the company and the way they do business.
Here is a customer with an issue regarding their appraisal service:
The next review was on the other hand mostly positive:
This individual too had a positive experience:
Overall ratings for Scotsman Coin and Currency appear to be fairly positive:
Basically Scotsman Coin and Currency appears to be quite a reputable business. Nevertheless, their lack of focus on investment grade precious metals and IRA services is really troubling. Although their auction service is rather interesting, if you do not get what you’re buying and whether it is IRS approved or not, it won’t do you much good either.
Therefore, I cannot really recommend the company unless you have good knowledge about these things or you’re doing business through qualified gold IRA custodians who can help you buy IRS approved metals.
The final scores for this review on Scotsman Coin and Currency are:
6/10 – as a precious metals dealer
1/10 – for IRA services