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Last Updated: November 19, 2023
More people are investing in precious metals than ever before, and for good reason. With inflation rising and the stock market reeling, people are losing money in their 401k and other traditional retirement accounts tied to paper assets.
As you begin considering your options for precious metals IRA services, you will learn about many companies, but not all are created equal.
Companies like Monarch Precious Metals stand out, but is this privately held company worth your time? Do they offer precious metals IRA services?
As the global financial crisis marches on, a precious metals IRA can give you welcome financial relief by helping you prepare for retirement.
People invest in gold and silver bullion for many reasons, including hedging against inflation. Are you concerned about your financial future?
We will offer extensive information in this Monarch Precious Metals review to help you determine if the company can guide you in serious investments.
Are they a decent company or scam artists? Are there negative reviews? Read until the end to get our final opinion about this company and the novelty products they offer.
Monarch Precious Metals is a private refinery that mints gold bars and strike rounds. Each unique gold and silver bar is hand-poured and marked with “The Old-Fashioned Way.” Collectors love hand pouring because it is how things were minted many years ago.
Monarch Precious Metals opened its doors in 2008, during the height of the global financial crisis, when demand for gold selection and silver selection was at an all-time high.
From humble beginnings, the company started as Oregon Coin and Jewelry. They decided to make their own because they could not find silver bullion to sell.
The owners purchased a large warehouse in Phoenix, Oregon, and began striking their first 1/10 one-ounce silver rounds.
Daniel Anthony owns Monarch Precious Metals, and Linda Kaylor is listed as the company's primary contact for customer complaints and concerns.
We could not find much information on the management of Monarch Precious Metals, but we will continue looking for this information and update as we find it.
Before ever getting involved with any precious metals company, we urge you to read customer reviews. People who have dealt with the company often have a lot to say about the operations, whether good or bad.
Reading many poor reviews should prompt you to look elsewhere for precious metal services. You do not want to invest your money into a company with poor customer service.
We stopped at the Better Business Bureau and found the company is not yet accredited. The company has a 3.67 star rating out of 5, and this is based on only three customer reviews.
Monarch Precious Metals has had zero complaints. At this time, they have an A+ rating on the BBB.
One customer did leave a one-star review and stated he had problems with his order and was not helped at all by the company. The customer says he left a poor review and was gaslighted and demeaned by the company. This does not look good for Monarch Precious Metals.
We could not find a business profile for Monarch on Business Consumer Alliance, Trustpilot, or other major consumer review sites. The company has been around for many years, so it seems strange that there is such a lack of customer reviews.
As always, we never trust reviews on a company's website because these can be manufactured or biased. Always look to third-party sources for customer ratings.
Although you cannot judge a company poorly simply because it lacks reviews, we will say this is concerning. We will keep digging up more information on Monarch Precious Metals and update as it becomes available.
We always say there are pros and cons with every company, and Monarch Precious Metals is no exception.
Below, you can read the Monarch Precious Metals pros and cons to get a better picture of what this company offers.
For this company, it seems the cons far outweigh the pros. When coupled with the poor online reviews from previous customers, we are concerned about this precious metals company and its level of customer service.
Monarch Precious Metals is not a scam. They are a legitimate company that has been around for over 15 years.
Just because a company is not a scam does not make it the best to purchase minted coins. Poor reviews throw up a major red flag that cannot be ignored in the online marketplace.
Precious metal products is where Monarch Precious Metals shines. The company mints its polished product, completely controlling the outcome. You will find a range of precious metals on the website, including gold, silver, platinum, and palladium.
We found many exciting products, including the following:
As you can see, Monarch Precious Metals is not like other precious metals companies. The Monarch Precious Metals products were exciting to view, though it is important to note that most of these products are best reserved for gift ideas because they are not IRA-approved.
Monarch Precious Metals does NOT offer any form of gold IRA services. They do not partner with custodians or depositories and do not offer many gold and silver products that meet the IRS demands for investing in a gold IRA.
You would be wise to choose another company offering more than specialty silver if you want to invest in a gold IRA since this company cannot provide custodial or depository services.
If you want to collect novelty items or need supplies like coin tubes, check out the selection and proceed cautiously.
Monarch Precious Metals only offers three payment options for wheat cents and specialty products. The payment options are as follows:
Monarch Precious Metals ships throughout the United States, and all products, including leather storage bags and coin folders, are shipped via the United States Postal Service.
Shipping fees vary according to the order's total price and the type of shipping you select. You will pay more for rush shipping.
Monarch Precious Metals does offer a buyback program, though it has limitations. They will buy Monarch Precious Metals branded gold and silver rounds and bars with a fineness of .999+.
They will not buy gold and silver bars larger than 100 ounces. Unlike some precious metals dealers, Monarch Precious Metals does not guarantee they will buy any products from Monarch Precious Metals customers.
We know you have questions about this precious metals dealer. We get a lot of questions from our readers and try to answer them as often as possible.
Below are the most frequently asked questions about this precious metals refinery.
Monarch Precious Metals is located at 3977 Crater Lake Hwy, Medford, Oregon, 97504. Coin collectors can visit them at their retail location or purchase online.
Monarch Metals is a refinery that uses refined raw materials to make bars, rounds, and items collectors love.
The company sources its own refined raw material to make Monarch Precious Metals products. When you buy gifts, they place them in beautiful gift boxes, according to past customers.
Precious Metals are a good investment to help people hedge against inflation and prevent significant financial losses because of economic downturns. You can invest in precious metals for your private collection or through a gold IRA.
We have attempted to be as thorough as possible in this Monarch Precious Metals review. We believe our readers deserve to know the facts about companies before they invest.
As we have researched for this Monarch Precious Metals review, we have found some red flags that concern us. The company is not BBB accredited, for starters.
Monarch lacks customer reviews for a company that has been in business for so long and has some poor customer reviews. Even if a company offers free silver, you do not want to risk dealing with poor customer service.
Although Monarch Precious Metals is a legitimate company and serves as a unique niche for specialty collectors, we do not feel comfortable recommending them. You need to select a company that offers IRA services if you are serious about investing in precious metals.
Far better options include American Hartford Gold, Goldco, Augusta Precious Metals, Birch Gold Group, and Noble. We urge you to check them out for all your precious metal investment needs.