Golden Eagle Coins has been in business since the 1970s and launched their website in the mid-2000s. GEC specializes in the sale of bullion products of all types and forms including the usual gold and silver bar, round and coin products as well as platinum, palladium and rhodium.
Bob Mangels is officially credited with founding the company, though the man really had no experience in the precious metals industry. Prior to his ownership and founding of Golden Eagle Coins, he owned and operated 5 laundromats. When it came time for coin-collecting from the washing and drying machines, Mr. Mangels would have his family sort through the coins in order to find those US government coins which still contained silver.
As his coin collection grew, so too did Mr. Mangels’ interest in precious metals. Throughout the 1960s, 70s, and 80s, Mangels traveled all over the US to different coin shows, constantly adding to his collection. Bob Mangels’ first retail coin shop opened in the mid-1970s, and the rest is history.
Nowadays, Golden Eagle Coins is one of the top online dealers of gold and silver. In addition to this, they offer a full-service IRA program as to help individuals get started on their own personal retirement without too much trouble. The following few sections will provide a detailed review of this precious metals dealer as to give you an idea what they offer, how their products are priced, and just about any other information you might want to know.
Golden Eagle Coins Customer Service
Golden Eagle Coins places an emphasis on customer service, and offers assistance through phone and email support. If you have any problems or inquiries, you can call Golden Eagle toll-free, Monday-Friday (10 AM-5 PM EST) at 1-800-735-1311. If talking on the phone is not your preferred cup of tea, do not fret, because you can email customer service at firstname.lastname@example.org. Through my research, Golden Eagle’s customer support is friendly, helpful, and very quick to respond to any and all inquiries.
Golden Eagle Coins Pricing Overview
If I am being honest, Golden Eagle Coins sports pricing that is towards the higher end of the spectrum. For gold bars especially, you will see prices marked up far beyond the prices boasted by other dealers. Though not every product is overpriced, you will find that, more often than not, Golden Eagle Coins charges you a higher premium than what you will find on other dealers. With all of this said, the product selection at Golden Eagle is matched by few other dealers. At the time of this review, their American Silver Eagle prices where as low as $2.89 over spot with 10 oz silver bar prices averaging about $2.00/oz over spot.
Golden Eagle Coin’s Shipping and Insurance Rates
Shipping is made as easy as possible at Golden Eagle Coins simply because all orders, regardless of size or value, ship for a flat rate of $4.95. For added peace of mind, every order is fully insured as to protect your bullion from the unlikely occurrence of damage or loss during the shipping process. They most often ship via USPS, but can accommodate some customers and ship via UPS or FedEx.
Payment Methods Accepted by Golden Eagle Coins
Another great aspect of Golden Eagle Coin is the fact that they accept multiple different methods of payment. Officially, accepted payment methods on Golden Eagle Coins include the following:
- Bank Wire Transfer – orders exceeding $2,500 only
- Credit/Debit Cards – orders $5,000 and less
- PayPal – orders $5,000 and less
- Checks, Money Orders, Cashier Checks – no restrictions
It must be noted, however, that if you choose to pay via check, your payment will be subjected to a 1-day (business day) holding period.
Is Golden Eagle Coins A Scam?
Whenever someone who is new to to investing in precious metals wants to make a purchase online, they can’t help but wonder whether the site they are dealing with is legitimate or not. Despite Golden Eagle Coin’s great level of experience in the industry, the same question arises with regard to them all the time.
To put it simply, we do not believe Golden Eagle Coin is not a scam. The company has been in business for a long amount of time and have been selling precious metals online for nearly ten years. The company is fully accredited by the Better Business Bureau (BBB) with an A+ rating. Having an A+ rating means that not only do very few people have complaints about Golden Eagle Coin’s services, those that do have issues have their issues resolved by the company in an expedient manner. There have been multiple scam-sites selling precious metals in the past, but Golden Eagle Coin is most likely not one of them.
Golden Eagle Coins BBB Review
Golden Eagle Coins has been accredited with the BBB since 2004 and goes by the name “Golden Eagle Coins & Jewelry.” In the past 12 months, Golden Eagle Coins has had only 3 complaints filed against them with the Better Business Bureau. Each issue appears to have been fully resolved.