In the landscape of precious metals investment, Monarch Precious Metals stands out as a notable entity, having established itself in 2008.
Situated in Oregon, USA, this privately owned company has garnered recognition for its production of high-quality silver, gold, and copper bullion products. With a focus on sustainability and a commitment to delivering excellence, Monarch Precious Metals has earned a reputation as a trusted name within the industry.
As we delve into the various facets of Monarch Precious Metals, we’ll explore its inception, product range, operational practices, and customer reception.
From understanding the individuals driving its operations to the challenges it encounters within the market, we’ll gain a comprehensive understanding of this esteemed company.
What are Monarch Precious Metals?
Monarch Precious Metals is a private American company that is known as precious metals dealer. Is located in Oregon, USA, and specializes in producing high-quality silver, gold, and copper bullion products. The company was founded in 2008.
It has since grown to become one of the most trusted and respected names in the precious metals industry.
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MPM produces a range of products including silver bars, gold bars, and copper rounds, among others. The company also offers custom minting services, allowing customers to create their own unique designs for precious metal products. It prides itself on its commitment to quality and sustainability. The company sources its materials from environmentally responsible suppliers, and its production process emphasizes energy efficiency and waste reduction.
Here’s their contact information:
- Address: 3977 Crater Lake Hwy, Medford, OR 97504-9742
- Phone: 541-414-1676
- Website: www.monarchpreciousmetals.com
People Behind Monarch Precious Metals
Linda Kaylor is listed as the Principal Contact in BBB, while according to a BlogTalkRadio article and a Bizapedia listing, Daniel Anthony is indicated as the owner of the company.
There is very less information provided by the company about its owners and members, which is its biggest drawback. Because it is very necessary for the customer to know all the specific details about the company in which they are going to invest.
How to Invest in Monarch Precious Metals IRA?
Monarch Precious Metals doesn’t offer Gold IRA or related services. They specialize in buying and selling precious metals and jewellery with their customers.
If you are an IRA investor, it is recommended that you explore the product offerings of a firm that focuses more on IRAs. Such as Birch Gold Group or Augusta Precious Metals. These companies have experienced staff who can help you open and invest in gold IRAs. Therefore, they may be a better fit for your needs.
Monarch Precious Metals Products
Monarch Precious Metals offers a wide range of products to investors and collectors. The company’s products include silver bars, gold bars, and copper rounds, as well as speciality items like fractional silver rounds and hand-poured silver bars.
The production process used by MPM is designed to maximize efficiency and minimize waste. The company uses state-of-the-art equipment to produce its products, and all production is done in-house. The company also offers custom minting services.
Customers can work with the company to create their own unique designs for precious metal products. This service is popular among businesses, organizations, and individuals who want to create custom products for gifts, awards, or marketing purposes.
With that, the company’s website listed the following as its main product categories:
| CATEGORIES | PRODUCTS |
| Silver | Copper Dice, Copper Dominoes, and 1 oz. Copper Zodiac |
| Gold | Gold Rounds |
| Copper | Fine Silver Gifts, Pure Copper Gifts, Custom Engraved Items, and Packaging and Display |
| Gift ideas | Copper Lincoln Cents, Wheat Cents, and Buffalo Nickels |
| Supplies | Specialty Silver, Silver Rounds, Silver Bars, and Adult Novelty Silver |
| US Coins | Copper Lincoln Cents, Wheat Cents and Buffalo Nickels |
Monarch Precious Metals Fees and Charges
Monarch Precious Metals charges fees for their products and services, which can vary depending on the specific product and the quantity ordered.
Here are some of the fees and charges associated with Monarch Precious Metals:
- Product prices: The prices of Monarch Precious Metals products vary depending on the metal type, weight, and design. For example, a 1 oz silver bar may cost less than a 1 oz gold bar, and a bar with a simple design may cost less than a bar with an intricate design.
- Shipping fees: The charges shipping fees for all orders. The shipping fees vary depending on the weight of the order and the shipping method selected. The company offers free shipping on orders over a certain amount. Which may vary depending on the current promotion.
- Sales tax: Monarch Precious Metals is required to collect sales tax on orders shipped to certain states. The sales tax rate varies depending on the state in which the order is shipped.
The company ships its products nationwide, including all 50 states, US territories, and possessions, as well as APO/FPO addresses. The company uses the United States Postal Service (USPS) for all shipments and offers premium insurance to cover any potential damage or loss during transit. Customers can rest assured that their domestic orders are protected by comprehensive insurance.
It is important to carefully review all fees and charges associated with your Monarch Precious Metals purchase to ensure that you understand the total cost of your investment. Additionally, you should compare prices and fees from multiple precious metals dealers to ensure that you are getting the best deal.
They only accept 3 types of payment methods:
- Credit/Debit – Minimum of $0 and Maximum of $3,500
- Check – Minimum of $0 and Maximum of $10,000
- Bank Wire – Minimum of $1,500 and no maximum
Does Monarch Precious Metals offer IRAs?
At present, MPM solely provides precious metal products and services. And does not provide any IRA services or partnerships with custodians.
Monarch Precious Metals Reviews, Ratings, and Complaints
We have compiled a range of ratings, complaints, and reviews from reputable consumer reporting and rating agency websites.
Monarch Precious Metals BBB:
Better Business Bureau has only three customer ratings with 3.67 stars out of 5. Along with A+ ratings. This business has 0 customer complaints.
Positive Reviews:
According to Mark H., he purchased oak wooden cases for his 2 oz sugar skulls, and he found them to be superbly nice. He was pleasantly surprised by the great quality of the silver and accessories and also appreciated the clear communication he received.
As per Brian R.’s statement, he recently received his first order from the company and is extremely satisfied with their prompt response and top-notch product quality. He even made a special request, which the company fulfilled without any hesitation. Brian is so impressed that he plans to keep the company in mind for any future purchases.
Negative Reviews:
B.C. shared that his grandfather was highly impressed with the place and couldn’t stop talking about it after his uncle and cousin had bought products from there in person. B.C. himself was interested in purchasing the ‘Day of the Dead skulls’, but as he didn’t use credit cards, he asked his grandfather to help with the transaction.
They mistakenly believed they had completed the order, but a week later, after not receiving any notification, they contacted the company and learned that the order had not been placed due to an error in the expiration date. Despite attempts to correct the error, they faced further issues with an associate named Lina, who appeared unhelpful and dishonest.
As a result, B.C. suspected the company of not having the product or being unwilling to proceed with the transaction. He decided to go to a local gold/silver bullion seller instead and expressed disappointment with the company’s shady practices, which he plans to share with others. B.C. also criticized the company’s response to negative reviews, suggesting that they should take responsibility rather than gaslighting or demeaning customers.
Trustpilot:
Their Trustpilot page has 3.7 stars ratings out of 5 with only one customer review.
According to James Roper, ordering unique poured bars is incredibly easy, and he particularly enjoys Monarch Precious Metals for this purpose. He finds their poured bars to be of excellent quality and reasonably priced.
Additional Monarch Precious Metals Reviews:
The company is not listed on the platforms like BCA, Trustlink, Yelp, and RipOff Report.
The company has only received three ratings and customer reviews from BBB. Resulting in an A+ rating and a 3.67/5 rating based on the limited feedback. Additionally, this company is not accredited by BBB.
Is Monarch Precious Metals Legit?
While they are a legit company, I don’t think they are the best.
Pros:
- Low market price
- Purchase precious metals directly from a refinery
- Over 15 years in business
Cons:
- No Better Business Bureau accreditation
- Mixed reviews
However, it does offer reliable products and services and has established itself in the industry. Nonetheless, if you are considering MPM for your investments, it falls short compared to its competitors with superior ratings, reviews, and product offerings.
There are many gold IRA companies with more specialized staff and product selections.
If you’re serious about precious metals investments, I recommend checking out our list of top gold IRA companies. There, you can find our top picks according to the state you reside in.
Have experience in dealing with this company? Let us know in the comments!