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If you are searching for the best precious metal dealer to purchase from or invest with, we are happy to help you with your search. We know that this is an exciting time for you with the options of gold, silver, palladium, bars, coins, and more. However, we also know this can be a stressful decision as you do not want to choose the wrong company.
In this review, we will focus on one of the precious metals dealers we came across on the west coast of the United States, Monarch Precious Metals. We will tell you about the company's pros and cons, products, prices, customer complaints, ratings, reviews, and more.
This information is extremely important in helping investors and collectors decide where to buy precious metals. Therefore, we hope we can help you make a knowledgeable choice after reading this review.
Monarch Precious Metals is a precious metals refinery located in Medford, Oregon. It began operating in 2008 as a response to the global financial crisis. During this time, the demand for precious metals increased tremendously, which led to a great opportunity to get involved with the industry.
Monarch Precious Metals was founded by Orietta Brenes and was a female and independent mining company. Orietta put her heart and knowledge into smelting gold until the company was no longer hers.
The owner is now Daniel Anthony, and the principal business contact is Linda Kaylor. Today, Monarch Precious Metals is known for hand-pouring and marking every silver bullion product with an old-fashioned, rustic look, which collectors love.
One of the first things you should do when you come across a company you are interested in is list the pros and cons. We suggest this because you need to weigh out the negatives and positives of a company before deciding to purchase from them. We will make this easier for you by providing our list of pros and cons for Monarch Precious Metals below.
Pros
Cons
Monarch Precious Metals sells gold, silver, and copper. Unfortunately, the precious metals dealer does not sell Credit Suisse gold bars but specializes in silver bars. Therefore, if you are in the market for gold and silver bars, Monarch Precious Metals will be able to help you find silver ones.
They also do not offer American Eagle gold coins or American Buffalo nickels. Instead, you have the option of 1 gram of gold and silver rounds as well as raw gold nuggets.
The following are some of the specialty products you can purchase from Monarch Precious Metals:
As you can see, there are a lot of different products to choose from when it comes to gold rounds and any type of silver. Therefore, if you are in the market for gold bars, palladium, or platinum, Monarch Precious Metals is not the place for you, and we recommend looking elsewhere.
Monarch Precious Metals is a refinery, meaning they mint silver into bars and stamp them with their logo. While they do offer a lot of different coins, fine silver gifts, manufacture poured style bars, copper products, zodiac rounds, and gaming supplies such as copper dice, their services are scarce.
In fact, the company does not provide any precious metals IRA services, and they do not have a partnered storage vault for customers who would like to store their purchases safely.
Instead, Monarch Precious Metals solely focuses on its products and gift ideas, leaving out any extra services for customers. Therefore, if special services are important to you, you must find them elsewhere.
According to our research, this company's prices are slightly higher than the market average. For example, their gold rounds are over 15 percent more, and one of their cheapest silver rounds is about 30 percent over the spot price.
We believe that their prices are higher because they make their own products, and people enjoy looking for a unique and diverse collection selection. Therefore, Monarch Precious Metals does meet expectations as their novelty products have greater detail and are quite impressive.
If you are interested in buying their products, but they seem too expensive, keep in mind that you may be able to get a better deal if you use wire or transfer instead of credit or debit cards.
While visiting Monarch Precious Metals' website, we noticed that it is colorful, organized, and straight to the point. Therefore, we did not have any issues navigating it. Not only can you see some of their products, but you can also look at their company information and FAQ, and fill out a contact form for help.
Overall, we think Monarch Precious Metals' website is informational and beneficial to customers who are interested in making serious investments. To see it for yourself, you can visit: https://www.monarchpreciousmetals.com/.
We found Monarch Precious Metals on the Better Business Bureau's (BBB) website. Even though it is not accredited, it does have a BBB rating of an A+. However, it has 3/5 stars and only two online reviews from previous customers. One review is positive, while the other one is negative. It appears that the customer is providing complaints pertaining to issues with their order confirmation.
We found a blank page for Monarch Precious Metals on SiteJabber but no reviews or ratings.
We also decided to check out Yellow Pages, and the same thing happened. There were no reviews or ratings provided.
Lastly, we looked at TrustPilot. This site gave us more luck as we found one customer review and a 3.7 rating. The review was positive, with five stars.
The lack of reviews from customers who have used Monarch Precious Metals may seem like a red flag to some. We believe this could be a red flag because we cannot determine much about other peoples' experiences to know if they are a decent company with trusted consumer reporting.
Monarch Precious Metals is best for companies and investors who already know a lot about the precious metals industry. We do not think it is best for beginner investors because there is too much missing information and no additional services to take advantage of.
It is also best for those interested in any type of silver products, gold rounds, coins minted with zodiac signs, copper products, and other distinctive gift items.
This company will not meet your expectations if you are in the market for platinum, palladium, or gold bars.
The following are some commonly asked questions regarding Monarch.
Even though there are some concerning red flags, Monarch Precious Metals seems to be legitimate based on the evidence that they do run a refinery and sell metals.
Daniel Anthony currently owns Monarch Precious Metals.
This precious metals dealer is located in Southern Oregon.
Gold will most likely always be one of the best precious metals to buy. This is because it is very popular, always in high demand, and investors and coin collectors love it.
We hope this Monarch Precious Metals review helped you determine if this company meets your needs and wants in a precious metals business. Unfortunately, after conducting our research, we cannot recommend this dealer.
We are unable to provide a recommendation because of its lack of customer reviews, additional services, palladium products, platinum products, and gold bars. The prices are also appear higher than other companies in the industry.
That said, we believe you should do your own research as you might ultimately disagree with this Monarch Precious Metals review. However, we advise you to take your time and think carefully before making such a serious decision. Nonetheless, we wish you good luck in your search!
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