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Westminster Mint is a financial company established in 2001. The company provides an online platform and service for individuals who need low prices and fast delivery of their gold, silver, bullion bars, coins, and rounds.
Westminster Mint is one of the leading coin dealers in the United States. They are also active in most sectors of the collectible coin market, including ancient and modern issues, international issues, certified coins, and more.
The company states that they have a team of highly trained and dedicated specialists with deep knowledge and love for the numismatic industry.
When working with Westminster Mint, you'll benefit from personalized one-on-one service and receive help with acquiring almost any coin you're interested in for your collection.
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Table of Contents Westminster Mint ProductsFeesCustomer Service
Reviews and RatingsWestminster Mint: Pros ConsFinal Thoughts
Westminster Mint Products
Westminster Mint has a vast range of products for investors to add to their collections. On the website, you will find silver and gold coins as well as collectible items.
Westminster Mint also has silver coins including key dates, MS 70 coins, Morgan dollars, and Peace dollars.
Gold Investors will find several types of gold coins. Some gold products you can purchase are American gold coins, Bullion gold coins, gold bars, pre-1933 gold coins, and more.
Collectibles Westminster Mint has several collectible items for investors interested in expanding their collection.
Some collectible coins investors can find on their website include Signature Series Coins, Advance Release Coins, Canadian Silver Coins, Ancient Coins, and so much more.
Fees
Fees are one of the most essential factors when investors are choosing a precious metals company to work with. Westminster Mint is straightforward when it comes to its product fees.
Investors can rest assured that they won't have to hunt down price charts or deal with hidden fees. One of the first things you'll notice when visiting the company's website is that they feature the current market price of gold, silver, platinum, and palladium.
This allows investors to conveniently compare the price of Westminster Mint inventory with the current market price. When scanning their products, you'll also notice that they have the actual prices of products. This is a nice touch to their website.
Many financial institutions will feature a starting price. However, Westminster keeps things simple by allowing investors to see the cost of products without additional steps.
Customer Service
Westminster has standard customer service support that you'll typically find with most precious metals companies. If you have questions, you can start with their FAQs page, which answers common questions about the company and precious metals in general.
If you have a more specific question, you can contact them directly at 1-888-336-9825 Monday-Friday 8 am-5 pm EST.
Reviews and Ratings
Westminster Mint has not garnered many reviews. Between the two platforms, Westminster Mint has collected 11 reviews with an average score of 2 out of 5.
Unfortunately, previous clients have stated that the company has poor customer service. According to clients, getting a representative on the phone is challenging.
Some customers have also stated that Westminster Mint may cancel their order without notice if the market has changed.
Additionally, some clients have noted that they placed an order with Westminister Mint but never received their product with no help from customer service in the manner.
This is something to keep in mind if you're considering purchasing from Westminster Mint. They have been in business since 2001, but have only collected a few reviews, most of them being negative.
Westminster Mint: Pros
If you're considering buying precious metals from Westminster Mint, let's take a look at some of these pros and cons first before moving forward.
Westminster doesn't just feature gold and silver, they also feature a host of collectibles for investors looking to expand.
This allows investors to always be in the know of what they're paying vs the market value of products. Additionally, Westminster features the total price of a product in its inventory compared to a starting price that's common for precious metal companies.
This pricing strategy is a lot more convenient for investors who want to know exactly what they'll pay as they scan products.
Note that products cannot be altered and coins must be in their original packaging, complete, and a saleable condition.
Cons
If you're interested in a gold IRA account, you will have to open an account with another company.
Based on reviews alone, Westminster Mint appears to be unpredictable and could be more hassle than it's worth. Investors need a trustworthy partnership when choosing a financial institution.
These poor reviews are something that should be taken into consideration before moving forward.
This is misleading for investors who are specifically looking for palladium or platinum. If they do feature these products on their website, there is poor site navigation on the company's end.
While Westminster provides a direct number to contact them, the lack of response from their customer support team is alarming. Investors need a responsive financial institution.
The company appears to have a customer service issue and investors shouldn't expect to receive reliable support from them.
This means that if you have a question about a product or you have an issue with delivery, there is a chance you won't get adequate help.
While this isn't the worst delivery time, they also pride themselves on offering fast shipment.
A great feature that would be nice to have is an option to pay for faster delivery for those who don't like the idea of potentially waiting 15 days for their product. Upon further investigation, you'll realize that their fast shipping isn't fast at all.
This is due to Westminster Mint holding all checks and money orders for 10 business days from the date of deposit before they release the order for shipment. They do not state how long it will take when using other available payment methods.
Final ThoughtsWestminster Mint is a financial institution that has been operating since 2001. The company offers several silver and gold products, collectibles, and other coins.
For investors looking for variety, Westminster Mint has a diverse inventory for you to take a look at. One of the strongest aspects of Westminster Mint is the company's transparent prices.
Investors can easily review the current market price of gold, silver, platinum, and palladium.
But they can also see the total price of products in the company's inventory, which makes it easier for investors to make a quick and informed decision.
While Westminster has some key positive points, there are a few disadvantages that investors should think about.
Westminster Mint does not offer a gold IRA account and doesn't appear to have palladium or platinum on its website. But what's more of a concern is the company's few, but negative reviews it has collected.
Westminster Mint averages of rating of 2 out of 5, lower than most of its competitors. Clients have stated that Westminster has a pattern of canceling orders without notice if there is any change in the market.
Some customers have stated that they never received their product, while other customers state that they have a hard time getting someone from their customer support team on the phone.
For investors looking for a trusted precious metals company, it appears to be better options available that can provide you with the same product options.
If you want to give Westminster Mint a try, it may be best to start with an inexpensive product and go through the ordering process to see what their shipping process is like and get a better idea of the quality of their customer service.
All in all, Westminster Mint may be a good option for investors that are looking for precious metals. But due to reviews, it may be best to find a company that is more suitable for your needs.
Westminster Mint is an ok company, they are not a scam, but we do not recommend them.
They are not the best option for individual precious metals purchases and definitely not the best option for investors that want to protect their saving from inflation with a gold IRA.
There are much better companies to work with that we recommend.
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