Are you considering purchasing coins and precious metals from Sam Sloat Coins? Is it a legit firm or a scam? Read this review to determine whether you’re dealing with the right company before proceeding.
What Is Sam Sloat Coins?
Founded in 1961, Sam Sloat Coins is one of the oldest coin dealers in the United States. They are located in Westport, Connecticut, and offer a vast selection of US coins, world coins, ancient coins, paper money, gold bullion, silver bullion, medals, and tokens. The company offers its products online via its official website and eBay, in addition to offline via a well-stocked showroom.
Currently, Sam Sloat Coins is a member of numismatic associations including the American Numismatic Association, American Numismatic Society, Appraiser’s Association of America, and Bermanian Guild of Numismatists.
Do They Offer Precious Metals IRAs?
No, Sam Sloat Coins does not offer precious metals IRAs. If you are ready to open a gold or silver IRA, check out our top recommended precious metals IRA Company here.
Sam Sloat Coins Review Summary
Location:
Westport, Connecticut
Address:
1767 Post Rd E
Westport, CT 06880-5606
Year Founded:
1961
Management:
Bob Walter (President)
Website:
www.sloatcoins.com
Rating:
[4/5]
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Sam Sloat Coins Products & Services
Sam Sloat Coins offers its products on both its website and eBay. If you prefer one-on-one transactions, you can visit their well-stocked storefront in Westport, Connecticut at 1767 Post Road East. Their extensive catalog includes US coins, World coins, Ancient coins, paper money, and sports collectibles.
In addition to selling products, the company purchases coins from around the globe and provides free appraisals. The following is a passage from their “Sell To Us” page.
“Whether you are located halfway around town or halfway around the globe, we make it easy to sell your US and World coins and currency.”
How to Buy from Sam Sloat Coins
Products are available for purchase via the company’s website, storefront, and eBay. Click the “Register” link on the menu to establish an account and log in if you are purchasing from their website. After logging in, choose your desired products, add them to your shopping cart, and then proceed to the purchase page to place your order. There are several acceptable payment options, including checks, credit cards, and PayPal.
How to Sell to Sam Sloat Coins
You can sell to Sam Sloat Coins through either of the two ways outlined below.
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Visit their Storefront
If you prefer a one-on-one transaction, you may transport your products to their location. However, since they are only open by appointment, you must call in advance to schedule one. The company will evaluate your collection to determine its worth, and if you accept their evaluation and offer, you will receive a check immediately.
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Email them
You can simply email them an inventory of the products you intend to sell if you lack the time to visit their store. If they express interest, convey your assets to their location for a thorough evaluation. Included among the suggested shipping options are Registered Mail and Priority Mail. A check will be dispatched to you on the same day if you accept the offer made upon evaluation of your assets.
Shipping Options
All orders are shipped within 48 hours of Sam Sloat Coins receiving payment. However, the company has stated that they only ship to US addresses at this time.
Pros of Sam Sloat Coins
- Extensive selection of products
- They are a reliable precious metals firm since they have been in business for over 50 years
- Flexible buying options- can be done through their official website, eBay, or their physical store.
- Their website has detailed product pricing as well as other important product information
- They are accredited with the BBB since 2012
- Great customer ratings on Yelp.
Cons of Sam Sloat Coins
- Ships within the United States only
- Lacks reviews on the BBB and other major consumer protection platforms
- Precious metals IRA services are not offered
- A live chat support feature is not available on their website
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Sam Sloat Coins Reviews & Complaints
The Better Business Bureau (BBB) gives Sam Sloat Coins an A+ rating despite having no customer reviews or complaints on the platform. Sam Sloat Coins receives a 4 out of 5-star rating on Yelp based on 24 reviews and complaints from customers. On the Business Consumer Alliance (BCA), Trustlink, and Trustpilot, Sam Sloat Coins does not have any reviews, ratings, or complaints.
- BBB: A+ rating, 0 reviews (view details)
- Yelp: [usr 4] (view details)
- BCA: N/A
- Trustlink: N/A
- Trustpilot: N/A
Is Sam Sloat Coins Legit?
Sam Sloat Coins is a legitimate business, as they have been in operation for over 50 years. The company has never been accused of or sued for any malfeasance since its founding.
What Are the Sam Sloat Coins Alternatives?
- GoldSeek Mint
- Alhambra Coin Center
- Nationwide Coin and Bullion Reserve
- Missouri Coin Company
- Provident Metals
Sam Sloat Coins Reviews Conclusion
Sam Sloat Coins is a coin dealer based in Westport, Connecticut. The company was founded in 1961 and offers a wide range of products including world coins, US coins, paper currency, and more. Sam Sloat Coins has been accredited by the BBB since 2012. They also boast excellent customer ratings on Yelp.
Nevertheless, Sam Sloat Coins does not offer precious metals IRAs and only ships within the United States. Additionally, they lack reviews on the BBB and other consumer protection websites.
