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GovMint Review: Pros, Cons, Fees & More

Finding a reliable retailer is challenging as you begin investing in precious metals, whether collectible coins or IRA-approved options. GovMint is a precious metals dealer whose name makes some think the retailer is a government entity, but they are not.

We are ready to present the information we discovered during our extensive research. As investors deeply involved in the precious metals industry, we have reviewed countless retailers and investment firms. We deliver unbiased information to help our readers invest wisely in gold, silver, platinum, and palladium.

Drawing from our personal insights and reviewing the facts allows us to help our readers determine if this company is a solid choice or one to avoid. Use our comparison chart and read to the end for our final assessment.

At The Gold Information Network, we understand the importance of your financial choices and the trust you place in our insights. We conduct in-depth research on each company we review, evaluating its reviews, reputation, product offerings, fees, and history while meticulously comparing it with similar market products.

In a financial landscape where banks appear geared towards serving the wealthy, we hold reservations about these institutions, the monetary system, and politicians. We passionately advocate empowering individuals like you with greater control over their finances. We firmly believe that you should have the authority to shape your financial future independently, reducing your dependence on institutions and politicians.

The Gold Information Networks' Quick Summary & Opinion

We have ordered from GovMint several times over the past decade to acquire gold and silver coins and bars for our precious metals portfolio.

  • Our experience with GovMint has been very positive overall. We found their website easy to navigate and their selection of gold and silver products to be extensive. 
  • GovMint's prices are competitive with other major precious metals dealers we have purchased from. Their shipping is fast and discreet.
  • We appreciate that GovMint offers a 30-day return policy on their products. This provides peace of mind when making significant purchases.
  • In our opinion, GovMint is a reputable and trustworthy dealer for buying physical gold and silver. We have always received our orders promptly and the products have met our expectations.
  • While GovMint's premiums over spot price are reasonable, bargain hunters may occasionally find slightly better deals from other dealers or on the secondary market. 
  • We recommend GovMint for both novice and experienced precious metals investors. Their broad selection, competitive pricing, and strong customer service make them one of our top choices when buying gold and silver.

What Kind of Company Is GovMint?

GovMint opened its doors in 1984 in Eagan, MN. The company offers an extensive inventory of collectible coins, including rare coins. You can buy from the website and ship your order to your home without help from an agent.

Owner & Management

Bill Gale, a respected numismatist, founded GovMint to provide a retail option for coin enthusiasts to purchase gold and silver. Linda Ticen is the executive assistant, though we could not find further information about her.

Analyzing Customer Reviews

Researching customer reviews is a good starting point for learning about a company. We constantly check with the Better Business Bureau first and read every customer review. Many negative reviews should concern you, as they do us.

The BBB accredited GovMint in 1986, and they have an A+ rating. GovMint has 3.29 stars out of five with five customer complaints. We could only view one complaint, and it was from someone who said their father was a former customer and passed away. They wanted GovMint to stop sending catalogs.

GovMint responded, clarified, and cleared up a misunderstanding with a representative who asked for a death certificate. The complaint was successfully resolved.

We also found a business profile on Trustpilot. GovMint has 3.2 stars out of five, with 50% three-star and 50% one-star reviews. There are only two reviews.

One customer said they enjoyed their collectible coins but did not like receiving an unsolicited call from a salesperson after ordering.

The other reviewer stated they purchased silver coins and took them to a local dealer only to learn they were not .999 fine silver like they were told. The customer wants to warn others to avoid GovMint.

Pros & Cons

pros

Cons

Is GovMint a Reputable Company?

GovMint is a reputable company that has been in business for decades. The retailer has an A+ rating with the BBB and a mix of customer reviews, with no mass complaints.

What Products Does GovMint Offer?

  • Collectible coins
  • IRA-approved coins
  • Rare coins
  • Paper money
  • US and international coins


After using the website, we discovered that GovMint sells a mixture of gold, silver, platinum, and palladium. New selections arrive often, so there is always something new to check out.

Ordering

Unlike some retailers, you can buy coins from the website without calling an agent. Simply click on the coins you want to buy and add them to your cart. Fill in the contact and shipping address forms, and then proceed to the payment processing page.

Payments

GovMint accepts multiple payment options, including:

  • Visa, MasterCard, American Express, and Discover cards
  • Personal or cashier's checks
  • Domestic or international money orders
  • Bank wires

Shipping

GovMint ships domestically and internationally. The following charges apply:

  • $6.95 for orders up to $50.00
  • $9.95 for orders from $50.01 to $100.00
  • $11.95 for orders from $100.01 to $148.99
  • Orders above $149 ship for free
  • Canada has a $10 additional shipping charge
  • Foreign countries have a $40 additional shipping charge

Are There Alternatives to GovMint?

There are alternatives to GovMint. This retailer does not offer gold IRA services like many companies we have reviewed. We invite you to check out our comparison tables and read more retailer and firm reviews to decide which offers the best services.

Our Final Thoughts: Should You Buy From GovMint?

GovMint seems like a good business. It has been operating for decades and has an A+ rating with the BBB. However, as outlined above, we could only view two complaints.

One customer's complaint is serious, but we have no way of confirming it, and no other reviewers complained about the lack of purity.

With its associations with industry authorities, we believe GovMint is trustworthy. It may not appeal to some investors because it does not offer gold IRA services. GovMint is best for investors who like buying rare coins.

If you need investment advice or want to open a gold IRA, we have reviewed many firms that can offer much more than coin packs for your collection.

We recognize the significance of your financial decisions and the trust you place in us. We've done extensive research, examining reviews, reputation, products, fees, and history to ensure you receive accurate insights.