Are you looking for a precious metals dealer to help you create a coin portfolio or find unique pieces for your collection? Bullion Shark might be an option, but before investing, considering the company’s offerings, customer service, pricing, and reputation is vital.
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Established in 2014 as a US-based precious metals dealer, Bullion Shark offers rare coins, bullion, and ancient and shipwreck coins. The company also provides personal services to assist investors with their decision-making and set up precious metals IRAs.
Although Bullion Shark has numismatic experts on staff to help guide your investment decisions, it’s crucial to note that the company lacks recognition from reputable financial companies and has questionable reviews.
This article will review Bullion Shark as a precious metal dealer so that you can make an informed decision about whether it’s the right choice for you. Let’s dive in!
Bullion Shark Overview
If you’re looking for a one-stop-shop to buy precious metals, Bullion Sharks is an option worth checking out. Established in 2014 and located in Old Westbury, New York, they offer a wide variety of products including modern and classic rare coins, bullion, ancient and shipwreck coins.
However, our top choice for buying physical metals is American Hartford Gold, and for Gold IRAs, it’s Goldco.
To get in contact with American Hartford Gold, Click Here.
To get in touch with Goldco, Click Here.
They also provide personal services to help investors create a coin portfolio or find a unique piece for their collection. Additionally, Bullion Shark can assist with setting up precious metals IRAs.
Opening an account with Bullion Shark provides benefits such as faster checkout, multiple shipping addresses, access to order history, and wish lists. They even offer free shipping on all orders over $99.
With numismatic experts on staff to help make coin selections or learn more about placing coins in a precious metals IRA, Bullion Shark strives to be the go-to source for buying precious metals. While it’s important to do your own research before investing with any company, Bullion Shark offers straightforward prices on their inventory page and has a standard return and exchange policy that seeks fairness for customers.
Products and Services
Investors looking for a one-stop-shop to build their coin portfolio and receive personal services that cater to their investment needs will find Bullion Shark’s selection of modern, classic rare coins, ancient and shipwreck coins, and bullion products appealing.
Bullion Shark offers a comprehensive list of coins to choose from, including American Eagles, Canadian Maple Leafs, South African Krugerrands, Chinese Pandas, and Vienna Philharmonics. They’ve done an excellent job of sourcing quality coins in great variety.
In addition to offering a wide range of products for investors, Bullion Sharks provides personal services to help them create a coin portfolio or set up a precious metals IRA. Their numismatic experts can assist with making coin selections or provide information about placing coins in an IRA. Plus, they offer free shipping on all orders over $99 and have an auction feature where investors can find unique coins and great deals.
Overall, Bullion Sharks is committed to providing clients with everything they need to add precious metals to their portfolio while ensuring fairness through standard return and exchange policies.
Account Benefits
By opening an account with Bullion Sharks, you can enjoy several benefits. Firstly, you’ll experience a faster checkout process when purchasing products from their website. This means you won’t have to waste time entering your payment and shipping details every time you want to make a purchase.
Additionally, by creating an account with them, you can save multiple shipping addresses for convenience. This is especially useful if you frequently ship items to different locations or if you want to send gifts to family and friends.
Another benefit of opening an account with Bullion Sharks is access to your order history and wish list. With the order history feature, you can easily track past purchases and keep records of what coins are in your collection. The wish list feature allows you to save products that catch your eye but may not be ready for purchase yet.
Overall, by creating an account with Bullion Shark, they aim to make the entire buying process more convenient for their customers while also providing added security features such as tracking orders and maintaining information about previous purchases.
Shipping and Return Policy
When it comes to purchasing precious metals, understanding the shipping and return policy is crucial for peace of mind. With Bullion Shark, you can enjoy free shipping on all orders over $99, making it easier for you to invest in your portfolio without worrying about additional costs. Plus, opening an account with Bullion Shark provides benefits such as faster checkout and access to order history.
If you’re not satisfied with your purchase from Bullion Shark, they offer a 14-day return period from the date of receipt of the item. Their return policy is relatively standard for a precious metals dealer and offers fairness to customers.
However, before making a large investment with Bullion Shark, it’s recommended that you make a small purchase first to see what their process is like and ensure that their policies meet your needs.
Customer Reviews and Reputation
If you’re considering Bullion Shark as your precious metals dealer, it’s important to be aware of the mixed customer reviews and reputation surrounding the company.
While some customers have had positive experiences with Bullion Shark’s knowledgeable staff and comprehensive selection of coins, others have reported issues with shipping delays, damaged products, and poor communication from the company.
Additionally, Bullion Shark’s lack of recognition from reputable financial companies is a potential red flag for investors.
To get in touch with a more reputable and trustworthy company we highly recommend (Goldco), Click Here.
While they’re a BBB Accredited Business with an A+ rating, their 3.81/5 score on the Better Business Bureau’s website based on only 31 reviews may not provide enough information to make an informed decision about working with them.
It’s important to thoroughly research any precious metals dealer before making a purchase or investment decision.
Expert Staff and Personal Services
Now that you’ve read about the customer reviews and reputation of Bullion Sharks, let’s talk about their expert staff and personal services.
The company takes pride in having knowledgeable experts on staff to help investors make informed decisions when selecting coins for their portfolio or setting up a precious metals IRA.
They offer personalized services to cater to each investor’s unique needs, whether it’s finding a rare piece for their collection or creating a diversified portfolio.
Bullion Shark aims to be a one-stop-shop for all your investment needs, and that includes providing you with helpful resources and information.
Their numismatic experts are always available to answer any questions you may have about coin selection or investing in precious metals.
They also offer personal services such as helping you create a custom coin portfolio or setting up a precious metals IRA.
Better Alternatives and Final Thoughts
Before making a decision, you should consider that there are better alternatives to Bullion Shark for investing in precious metals or setting up a precious metals IRA.
While Bullion Shark offers a variety of products and personal services, the company’s lack of recognition from reputable financial companies and mixed customer reviews raise potential red flags.
If you’re looking for an alternative, consider looking into top-rated gold and precious metal companies recommended by financial experts. These companies have established reputations, offer competitive pricing, and provide exceptional customer service.
Additionally, before making any investment decisions, it’s important to do your research and ask questions to ensure that you’re making an informed decision that aligns with your investment goals.
Ultimately, while Bullion Shark may be a viable option for some investors, it’s worth exploring other options before committing to any one particular dealer or broker.
Frequently Asked Questions
What is the average markup on bullion products sold by Bullion Shark?
The average markup on bullion products sold by Bullion Sharks is difficult to determine without specific information on the product in question. However, as with any precious metals dealer, there will be a markup on their products due to the costs associated with sourcing and verifying the quality of each item.
It’s important to do research and compare prices from multiple dealers before making a purchase to ensure you’re getting the best deal possible. Additionally, keep in mind that Bullion Sharks offers free shipping on orders over $99, which can help offset some of the costs associated with purchasing precious metals.
Does Bullion Shark offer storage options for precious metals?
Yes, Bullion Shark offers storage options for precious metals. They provide secure and insured storage solutions through their partnership with Brinks Global Services. You can choose to store your precious metals in one of several Brinks locations across the United States, including New York, Los Angeles, and Salt Lake City.
The cost of storage depends on the value and quantity of your assets, but you can expect to pay around $1 per $1,000 worth of metals per month. Overall, Bullion Shark’s storage options provide a convenient way to protect your investments without having to worry about storing them yourself.
What is the process for selling coins or bullion back to Bullion Sharks?
If you want to sell coins or bullion back to Bullion Shark, the process is fairly simple.
First, you need to contact their customer service team and let them know what you want to sell. They’ll then give you a quote based on current market values and the condition of your items.
If you agree with the quote, they’ll provide instructions on how to ship your items securely. Once they receive your shipment and verify its contents, they’ll issue payment via check or wire transfer within 24-48 hours.
It’s important to note that Bullion Sharks only buys back items that are in good condition and have been previously purchased from their company.
Does Bullion Sharks offer any discounts or promotions for frequent buyers?
Yes, Bullion Shark offers discounts and promotions for frequent buyers. When you open an account with them, you can enjoy faster checkout, multiple shipping addresses, access to order history, and a wish list.
Additionally, they offer free shipping on all orders over $99. They also have an auction feature on their website where investors can find unique coins and great deals.
While there’s no specific information about discounts or promotions for frequent buyers on their site, it’s worth checking in with customer service to see if there are any current offers available.
Overall, Bullion Shark strives to provide a comprehensive one-stop-shop experience for buying precious metals while prioritizing excellent customer service and fair pricing.
What is Bullion Shark’s policy on purchasing coins or bullion from customers?
Bullion Shark’s policy on purchasing coins or bullion from customers is not explicitly stated on their website. However, they do offer a sell-to-us feature where customers can submit information about the items they wish to sell, and a representative will contact them with an offer.
It’s important to note that Bullion Shark reserves the right to reject any items that don’t meet their quality standards or aren’t in line with their current inventory needs. Additionally, it may be beneficial for customers to shop around and compare offers from multiple dealers before deciding to sell their precious metals to Bullion Shark or any other dealer.
Conclusion
In conclusion, Bullion Shark may be a viable option for investors looking to diversify their portfolio with precious metals. The company offers a range of products and services, including rare coins and personal assistance from numismatic experts.
However, it’s important to note that Bullion Shark’s lack of recognition from reputable financial companies and mixed customer reviews should be taken into consideration before investing. If you decide to work with Bullion Sharks, be sure to take advantage of its account benefits, such as the ability to set up a precious metals IRA.
Additionally, carefully review the shipping and return policy to ensure that you’re comfortable with the terms. Ultimately, while Bullion Shark may not be the best choice for every investor, it’s worth considering if you’re in the market for precious metals.
