Universal Coin & Bullion Review: Pros & Cons, What You Should Know

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Last Updated: May 17, 2024

Have you been considering buying or selling precious metals? If so, you may have considered Universal Coin and Bullion.

Is this a legitimate company or a scam? Can you trust them?

In this Universal Coin and Bullion review, we will break down all the details about the company. You will learn what Universal offers and what clients say about the company.

Key Takeaways

What Should You Know About Universal Coin and Bullion?

Universal Coin and Bullion is a precious metals dealer in operation since 1994. With over $1.1 billion in sales thus far, the company proudly serves over 250,000 customers.

Universal Coin and Bullion has won many awards, including The Beaumont Enterprise Reader's Choice Award for Best Place to Buy and Sell Gold, the Chamber of Commerce Business of the Month, and the Beaumont Police Department Corporate Award.

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Who Owns Universal Coin and Bullion?

Dr. Michael Fulijenz is the founder of Universal Coin and Bullion, a winner of over 60 prestigious awards throughout his long career of over 60 years in the business. He was awarded Dealer of the Year in 2021 by the American Numismatic Association.

Where Is Universal Coin and Bullion Located?

Universal Coin and Bullion is located in Beaumont, Texas, at 7410 Phelan Blvd. You can visit their website online or by phone to purchase precious metals.

What Do Customers Say About Universal Coin and Bullion?

Customers have plenty to say about Universal Coin Bullion. Through research in our free time, we have learned a lot about the company and its owner, Mike Fuljenz.

Better Business Bureau

The company has an A+ rating on the BBB with 3.18 stars out of 5 based on 11 reviews. There have been 5 complaints filed in the last three years and 2 in the last year.

The following are some of the topics of the complaints:

Yelp

The company has 2.7 stars out of 5 based on three reviews. The following are some of the common complaints from clients:

Only one person was happy with the services in their review. We are becoming concerned about the reviews from clients who are unhappy with the service.

Google Reviews

Google Reviews gives Universal Coin and Bullion 3.9 stars out of 5 based on 43 reviews. Common complaints include:

pros & Cons

The pros and cons of a gold IRA company can tell you a lot about what to expect. You need to know the pros and cons because they can impact your investment in physical gold.

If the cons outweigh the pros, consider looking at other gold IRA companies for your investment needs.

Pros

Cons

Is Universal Coin and Bullion Legit?

Universal Coin Bullion is a legit dealer that has operated since 1994. Just because the dealer is legit does not mean it is trustworthy.

Countless reviewers state the dealer misled them or outright lied. These testimonies differ significantly from the glowing ones on the Universal Coin and Bullion website.

What Products Does Universal Coin and Bullion Offer?

Gold and Silver Coinage

The dealer offers a range of gold and silver coinage from domestic and international mints. You can purchase online or by telephone.

Gold and Silver Bars

There are also precious metal bars on the website. You can purchase these in TX and all other states through the website, though you must sign up with an account first.

IRA-Approved Coinage

Universal Coin Bullion also offers IRA-approved precious metal products, like silver coins, though they are not labeled as such on the website.

Rare Coinage

The Bullion Universal Coin website also states it offers rare coinage. Based on complaint posts, we urge you to research to learn about rare coins before you buy.

What Payment Methods Does the Bullion Universal Coin Accept?

Personal Check

They will hold your transaction for 10 to 15 days until your personal check clears.

Wire Transfers

You must provide valid credit card information to use this payment option.

Credit Cards

You cannot use a credit card for orders over $1,000.

How Does Universal Ship Orders?

Universal primarily uses the USPS to ship clients' orders. They also use FedEx and UPS for fully insured orders. If you buy over $199 in coin products, your order ships for free.

How Is the Company's Customer Service?

Universal Coin Bullion has horrible customer service. They do not respond to calls or requests promptly.

Does Universal Coin and Bullion Buy Precious Metals?

Universal Coin Bullion buys precious metals, but many complain about the money they receive. Many people try to sell their coin products and find the company will not respond.

Does Universal Coin and Bullion Offer Gold IRA Services?

Universal Coin Bullion offers Gold IRA services but not directly. You must choose a custodian and depository, which will cost extra money.

FAQs About Universal Coin and Bullion

Universal Coin Bullion does not offer gold IRA storage. You will need to choose your own depository.

Universal Coin Bullion does not ship internationally. They only ship in the United States.

You have 30 days from receipt to return your order. The dealer offers a 100% satisfaction promise, though many have complained about being unable to get their money back or return their coin products.

Our Final Verdict: Is Universal Coin and Bullion Worth Your Time?

Universal Coin Bullion is not worth your time. There are far better options, including American Hartford Gold and Goldco.

Universal Coin Bullion has too many poor review posts for us to recommend them to our readers comfortably.

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