Golden Eagle Coins has a long history of dealing in gold bullion. Mr Bob Mangels Sr., a passionate coin collector, established the company in 1974.
It’s interesting that the company has never expanded multiple locations. They have expanded their facility though.
Golden Eagle Coins claims that its major expansion is online, which lowers overall overhead. As a result, their company can offer low prices without unnecessary product markup.
Is it, however, the best solution for you? Is it worth investing in Golden Eagle Coins? Do they provide IRAs? Is it a legitimate business? These are the few questions we’ll get into further.
Continue reading to find out if they are the best option for you.
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What is Gold Eagle Coins?
Golden Eagle Coins is a precious metals dealer located in Laurel, Maryland. Its showroom is about a half-hour drive from Washington, D.C.
Its website includes a vibrant homepage with products shown in a slide show, or buyers can scroll down for more options.
The left margin provides a good view of basic coins, bars, and unusual collections. GEC appears to have a large inventory for only one location.
When it comes to buying products, the website provides clients with several options. This website looks to offer a purchasing option, just like any other online seller. Many investors may find this self-service function attractive.
This dealer has been in business since 1974, which is a significant accomplishment in this field. Investors concerned about deception and questionable company ethics will notice right away that GEC has a long history in precious metals.
GEC highlights its industry business partnerships on its website but does not name any companies. The potential investors may be worried about the lack of transparency.
What Products & Services does Golden Eagle Coins Offer?
Golden Eagle Coins offers a wide range of products including Gold, Silver, Platinum, Palladium & Rhodium.
Gold
For thousands of years, gold has served as a source of survival, investment, trade, and commerce for humans.
Gold has stood firm against cultural divisions and language barriers, contributing to its global worth. Golden Eagle Coins specialises in a wide range of gold bullion coins and other gold bullion products. Their vast collection offer to both gold bullion investors and collectors.
A few of the Gold products are the following:
- American Gold Eagles
- American Gold Buffalo Coins
- Canadian Gold Maple Leafs
- European Gold Bullion
- Chinese Gold Pandas
- Singapore Gold Coins
- Perth Mints Gold Bars
- One Ounce Gold Bars
Silver
Golden Eagle Coins offers a wide range of Silver Bullion Products. Silver coins, silver bars, and other silver products are available. Their extensive inventory appeals to both the silver bullion investor and the collector.
Among the Silver items are the following:
- American Silver Eagles
- Canadian Silver Maple Leafs
- Silver Rounds
- Chinese Silver Pandas
- Mexican Silver Libertads
- 1 oz Silver Bars
- 10 oz Silver Bars
- Royal Canadian Mint Silver Bars
Platinum
GEC provides a broad range of Platinum American Eagle Coins, Platinum Canadian Maple Leaf Coins, Platinum Bars, and other items from Australia’s Perth Mint.
A few of the Platinum products are the following:
- Platinum American Eagles
- Platinum Canadian Maple Leafs
- Platinum Bars
- Platinum Austrian Philharmonics
- Perth Mint Platinum Coins
- Platinum British Royal Mint Coins
- Platinum Chinese Co
Palladium
Golden Eagle Coins offers a wide variety of palladium coins & bars. They typically handle Palladium Maple Leafs, Palladium Bars and Miscellaneous Rounds.
A few of the Palladium items are the following:
- Pamp Suisse One Gram Palladium Bar
- One Ounce Palladium Bar or Round
- Canada One Ounce Palladium Maple Leaf
- Certified 2018 1 oz Palladium American Eagle
- Palladium Rounds: One Ounce Stillwater
What are the Fees & Charges of Golden Eagle Coins?
Pricing & Payment
Golden Eagle Coins accepts bank wire transfers, personal checks, credit cards, Paypal, and cash.
According to the company, there are no commission fees. Their prices include cash discounts as well as different pricing for credit card and Paypal orders.
If you choose to pay by Credit Card or Paypal, the price of your purchases will be 4% higher than if you choose the cash-discounted option of using a Check, Cash, Bank Wire or Money Order.
Shipping Charges
Most packages are shipped using USPS First Class Mail, Priority Mail, Express Mail, or Registered Mail and are fully insured. Items that are oversized or heavy will be transported via FedEx Ground. All deliveries must be signed for. The USPS will make three attempts to deliver things before returning them to Golden Eagle Coins.
Shipping Rates are based on the total amount of orders as follows:
- USPS Standard – FREE for orders over $99 ($9.95 for orders under $99)
- USPS Priority Mail – $14.95
- USPS Express Mail – $24.95 (Not available for a credit card or Paypal orders)
Additionally, all cancellations are subject to our market loss policy plus a $35.00 cancellation fee.
My recommended Golden Eagle Coins Alternative
I don’t recommend investing in a gold IRA with Golden Eagle Coins. Why? Because they don’t specialize in this area.
I recommend going with our top-rated company: Augusta Precious Metals. You can check out my review of them here.
Augusta Precious Metals is regarded as one of the most trustworthy companies in the market. Their company was founded in 2012, and their main goal is to help their clients have a better retirement.
Thousands of good reviews about their products and services can be found on numerous websites. This shows how successfully they achieve their tasks and handle their customers regardless of their needs.
Augusta Precious Metals maintains its leadership position by providing its clients with educational resources. This is excellent for people who need more field experience and understanding.
It is also significantly easier to open an account with them. You will still have to deal with paperwork, but they will assist you through the process to ensure everything is in order.
The only disadvantage of the company is its high minimum investment requirement of $50,000. Others may think this is overpriced, but rest assured that they will keep your assets and cash protected.
Pros:
- Kingdom Trust, which manages over $12 billion in assets, has been a long-term partner.
- A wide range of products are offered.
- A long list of coins
- All orders receive free shipping.
Cons:
- The minimum investment cost is high.
What Makes Gold an Ideal Investment For Your IRA?
Individual Retirement Accounts (IRAs) protect your retirement and your family’s financial security.
These unique accounts allow you to save money tax-free that you may use later. To have a secure and worry-free retirement, it is necessary to allocate a significant portion of these long-term savings to assets that are solid and reliable.
You can keep cash in an IRA, but it depreciates quickly and inflation is out of control. Gold is the best asset for this because it is dependable, retains its value, and even increases in value over time.
Gold is a secure investment for your IRA. It’s the only non-fungible, physical product that’s stood up exceptionally well. It’s also a commodity that may be bought and sold quickly on the open market. As a result, gold is a substantial and stable investment that can help safeguard your portfolio against inflation and other economic conditions.
Adding gold to your retirement account can be a wise decision.
Conclusion
Golden Eagle Coins is a legitimate company. They offer amazing items for nearly every collector. Most investors, though, may find a different dealer suitable for their specific needs.
Today, many companies provide precious metals and gold IRA services. As a result, investors can benefit from this competition to find the best dealer for their needs.
This company provide no information on gold IRAs at all. GEC claims to serve only the coin-collecting community. As a result, I do not recommend investing with them. Instead, I recommend checking out our top gold IRA providers.
There, you can find out what the industry’s best has to offer.
Alternatively, you can find the best precious metals dealer of your state below: