When trying to invest in precious metals, it is critical to select a reputable company. Scotsman Coin and Jewelry is one of several precious metals companies in the United States, but is it legitimate? Can you put your money in their hands? Let’s discover out in our Scotsman Coin and Jewelry reviews.
Table of Contents
- 1 What Is Scotsman Coin and Jewelry?
- 2 Scotsman Coin and Jewelry Products
- 3 Are Gold and Silver IRAs Offered?
- 4 Company Info
- 5 Location:
- 6 Address:
- 7 Year Founded:
- 8 Management:
- 9 Website:
- 10 Rating:
- 11 How It Works
- 12 Pros of Scotsman Coin and Jewelry
- 13 Over Four Decades of Experience
- 14 Member of Reputable Organizations
- 15 Vast Selection of Products
- 16 Free Shipping
- 17 Cons of Scotsman Coin and Jewelry
- 18 Not Accredited By the BBB
- 19 No Buyback Program
- 20 Accreditation and Client Reviews
- 21 Is Scotsman Coin and Jewelry Legit or Scam?
- 22 Alternatives to Scotsman Coin and Jewelry
- 23 Scotsman Coin and Jewelry Reviews Conclusion
What Is Scotsman Coin and Jewelry?
Scotsman Coin and Jewelry is a precious metals and jewelry dealer based in Creve Coeur, Missouri. The late Robert Woodward created the firm in the 1970s, although it was later purchased by his son in 1982. Scotsman Coin and Jewelry is a company that buys and sells coins, fine jewelry, and bullion.
The company’s rapid success over the years can be ascribed to its highly knowledgeable management staff. For example, the company’s current president is an expert in US coin grading, authentication, and appraisal. He is also a member of numerous professional organizations, including the American Numismatic Association, the Professional Coin Grading Service, the Numismatic Guaranty Corporation, the Missouri Numismatic Society, and others.
Scotsman Coin and Jewelry Products
The company keeps a considerable stock of pre-1933 coins, IRA-eligible bullion, and fine jewelry. Their Scotsman Trading Sheet has a comprehensive list of all accessible precious metals, along with their buy and sell prices. American Eagles, Canadian Maple Leafs, South African Krugerrands, British Britannias, Australian Kangaroos, Austria Philharmonics, and Chinese pandas are all common coins. The 10-oz.9999 gold bars are among the available bullion bars.
Additionally, they purchase collectible coins, rare paper money, stamps, diamonds, jewelry, pocket and wrist watches, sterling silver flatware, and more.
Are Gold and Silver IRAs Offered?
Scotsman Coin and Jewelry facilitates the establishment of IRAs for precious metals. However, the company is not affiliated with any SDIRA custodian, so they will refer you to one of the numerous self-directed IRA companies for account establishment. For storage, you must select a depository or request that the company deliver the metals to a safe deposit box at your bank. Account administration and storage fees primarily depend on the custodian and depository you choose, but Scotsman Coin and Jewelry charges new customers $15 for wire transfers and $15 for shipping.
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Company Info
Location:
Creve Coeur, Missouri
Address:
11005 Olive Blvd, Creve Coeur, MO 63141, United States
Year Founded:
1970s
Management:
John J. Woodside (President)
Website:
www.scoins.com/
Rating:
4/5
How It Works
Scotsman Coin and Jewelry’s products can be purchased at their physical location at 11005 Olive Blvd, Creve Coeur, Missouri 63141, United States, or via their website. When purchasing online, you must first create an account and log in. Select the desired items, add them to the shopping cart, and proceed to the cashier page to complete payment.
The company offers two options for selling items: direct sale and auction. If your items are genuinely unique or extremely valuable, Scotsman Coin and Jewelry suggests auctioning them. However, if your products are generic or made from materials of lower quality, the company recommends selling them outright.
Pros of Scotsman Coin and Jewelry
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Over Four Decades of Experience
Scotsman Coin and Jewelry is one of the most experienced precious metals and jewelry dealers in the industry, having been in business for over 40 years.
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Member of Reputable Organizations
The company is a member of organizations such as the Professional Coin Grading Service (PCGS), Numismatic Guaranty Corporation (NGC), and the Professional Numismatists Guild (PNG). This lends credibility and trust to them.
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Vast Selection of Products
They have an extensive selection of bullion, jewelry, and rare coins.
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Free Shipping
Established clients receive free shipping on orders over $5000.
Cons of Scotsman Coin and Jewelry
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Not Accredited By the BBB
Scotsman Coin and Jewelry is not BBB-accredited despite being in business for over 40 years. In addition, the company lacks reviews in a number of online directories.
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No Buyback Program
There is no indication of a buyback program on the company’s website, so there is no assurance that they will repurchase anything you purchase from them.
Accreditation and Client Reviews
Scotsman Coin and Jewelry is not BBB-accredited but has a 5-star rating on the platform based on only two user reviews. On Yelp, they have a rating of 4/5 stars based on the reviews and ratings of 41 customers. There are no reviews on the Business Consumer Alliance, Trustlink, or Trustpilot.
Is Scotsman Coin and Jewelry Legit or Scam?
They are a legitimate business and not a scam, as it has been in business for over 40 years.
Alternatives to Scotsman Coin and Jewelry
Scotsman Coin and Jewelry Reviews Conclusion
Scotsman Coin and Jewelry is a bullion, rare coins, and jewelry dealer based in Missouri. The company provides a wide variety of products and is a well-respected member of prestigious precious metals organizations.
Negatively Scotsman Coin and Jewelry lacks sufficient online reviews and evaluations and does not provide a repurchase program.
