Reviews & Ratings 2023

 Is SilverTowne a reputable precious metals company? Is it legit? What products and services do they offer? How are they rated by customers? Please read this review of to find out if it is the right company for you.

What Is Reviews was founded in 1949 by Leon Hendrickson and his wife. Based in Winchester, Indiana, began as a small coin shop but has rapidly grown to be one of the biggest precious metals dealers in the United States. The company boasts a large selection of coin and bullion products, mainly targeted at investors, preppers and collectors.

Does Offer Gold & Silver IRAs?

No, does not offer precious metals IRAs, despite having IRA eligible metals in stock. If you wish to open a precious metals IRA, you can read about our top-rated gold and silver IRA Company via the link below.

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Company Info


Winchester, Indiana


120 E Union City Pike

Winchester, IN 47394

Year Founded:



Leon Hendrickson (founder), David Hendrickson (Vice President)



[usr 3] Products

With more than seven decades in business, has managed to stock a wide variety of products mainly in form of silver, gold and platinum coins, bars and collectibles. SilverTowne mostly sells US coins, but they also stock coins from Australia, Canada, Austria, Great Britain and South Africa. Some of their products include Silver Commemoratives, Peace Silver Dollars, Morgan Silver Dollars, gold and silver American Eagles, Platinum Eagle Coins, Platinum Eagle Bars, Perth Mint Gold Bars, American Flag Silver Bars and much more.

How Does Work? sells their products both online and through their storefront. If you prefer a one on one service, you can visit their retail store based in Winchester, IN. However, the quickest method to order products form is through their official web store, where you are required to create a customer account and proceed to select your desired products. SilverTowne accepts Paypal, wire transfer, check, debit and credit cards as payment options.

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Advantages of Choosing 

  • Wide Selection of Precious Metals

Being one of the oldest precious metals dealers in the United States, is among the firms with huge inventories of coins, bars and collectibles.

  • Many Years In Business

SilverTowne has been in business for seven decades, which shows how reliable and legit they are. They have managed to survive in a highly competitive precious metals industry by continuously adapting to change.

  • User-Friendly Website ‘s website is easy to navigate even for first time buyers. At the top of the website is a prominent search bar which allows you to quickly search the coins or bars you are looking to purchase. Account set up as well as check out system are also simplified, and multiple payment options are provided for convenience.

  • Free Shipping

The company offers free shipping for products worth $99 or more.

Disadvantages of Choosing 

  • Not BBB Accredited is not BBB accredited. Also, their ratings on other respected review websites including are not that impressive.

  • Does Not Offer IRAs

Despite the many decades in business, is yet to get on the self-directed precious metals IRAs bandwagon.

Accreditation, Customer Reviews and Ratings lacks accreditation from the BBB, and has 0 reviews, 0 complaints as well as 0 customer ratings on the platform. BBB

On Yelp, they boast a rating of 3 out of 5 stars based on 13 customer reviews and ratings, while on Trustpilot, the company is rated 3.3 out of 5 stars based on two customer reviews. The company lacks reviews and ratings on both the BCA and Trustlink.

Should You Invest With

The decision rests upon you. However, we normally recommend highly rated firms, of which is not among them. Moreover, they do not offer precious metals IRAs, which as you might know, are crucial for diversification and protection of retirement portfolios against inflation. On that account, we recommend you check out our top recommended firm for gold and silver IRAs through the link below.

Read about our top recommended gold and silver IRA provider now!

Is SilverTowne Legit?

Running a business for over 70 years is no joke, and it only goes to show that is engaging in nothing but purely legit business. Thus, is a legit, reputable and credible company.

Conclusion is a legit and reputable precious metals dealer based in Winchester, IN. It was founded by Leon Hendrickson in 1949 and has continued to outperform its competitor’s by adapting to change and offering top-quality products and services. The company boasts one of the largest product inventories in the country.

But on the negative side, lacks a BBB accreditation as well as reviews on major reviews websites including Trustlink and BCA. In addition, they don’t offer precious metals IRAs which are important for safeguarding retirement portfolios.

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