Premier Coin Galleries Review

Premier Coin Galleries Review

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Premier Coin Galleries is a top-rated company that is well-versed in selling silver and gold items online. If you’ve ever researched gold IRAs, you’ve most likely come across this company due to the high customer satisfaction rate.

But how do Premier Coin Galleries measure up to their competitors?

Do they offer legitimate services? 

We will highlight Premier Coin Galleries' services, pricing, customer support, and overall reputation in the industry.

So whether you are a seasoned collector or a beginner looking to invest in rare coins, we’ll give you a comprehensive overview of Premier Coin Galleries and help you make an informed decision.

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What is Premier Coin Galleries?

premier coin galleries homepage

Premier Coin Galleries is a reputable coin dealer that has been in business for over 20 years. The company is based in East Islip, New York, and has established a strong reputation in the industry for its expertise, professionalism, and customer service.

This company specializes in buying and selling rare coins, and they offer a precious metals IRA if you want to roll over your traditional IRA.

You can easily browse through their selection of gold and silver coins, from the $2.50 Indian up to the JFK silver half-dollar. If you’re not sure which options are best, their knowledgeable staff are happy to consult with you.

Premier Coin Galleries - Pricing and Fees

You will pay specific fees when you work with Premier Coin Galleries. The company will charge some of these fees, and your depository and custodian can charge others.

Premier Coin Galleries isn’t a custodian but a dealer, so you’ll have to pay your custodian to maintain your account. You’ll also pay a fee to keep your depository vault in good standing and open.

These fees only come into play if you decide to open a precious metals IRA. If you want to make a personal investment with savings instead of using retirement funds, you won’t have to worry about paying specialized fees for storage or maintenance.

You also can open an account at a storage vault, which is popular as it gives you much more security than saving at home. Premier Coin Galleries allows you to set up a self directed precious metals IRA using Goldstar Trust IRA.  

This is a very reputable company that manages billions in assets and has thousands of clients with a solid reputation.  You will pay a storage fee, but this will vary depending on what metal holdings you have in your depository and your account’s size. 

In some instances, you may get free storage from this company. However, you will want to ensure that you choose a depository that aligns with the most current IRS rules and regulations. 

There’s not a large amount of information online that highlights which depositories this company generally uses or where they are. So, it’s impossible to give you a hard number for what you’ll pay in storage fees.

However, they do offer depositories on the East and West coasts, as well as in the Central portion of the United States. If you can, look for a depository offering flat fees instead of fees equal to a percentage of your account.

If you want to segregate your items, you’ll pay more, which usually ranges from $100 to $200 annually. 

Your custodian fee will usually range from $100 to $250, depending on their unique fee structure and which entity you pick out. Contact your representative for a concrete cost range if you’re unsure how much to set aside and budget for your yearly fees.

You may also have to pay a one-time fee of $50 to $150 to open an account. This is a common practice; this fee covers the time spent talking to your custodian and checking your paperwork.

Premier Coin Galleries Products and Services

ten gold coins and two silver coins

Premier Coin Galleries offers a wide range of products and services to cater to the needs of both collectors and investors. The products and services you can get from this company include but are not limited to:

  • Precious Metals IRA

Anyone who doesn’t want a traditional IRA can use Premier Coin Galleries to turn their current account into a precious metals IRA. You can choose to fund your account using a range of gold, silver, and platinum reputable mints and refineries.

You get 24-hour access to your account through a portal, and this allows you to monitor and check on your fund as often as you like.

  • Rare Coins

If you are a coin collector, you will appreciate the wide range of rare coins Premier Coin Galleries offers. They specialize in buying and selling rare coins from around the world, including gold and silver coins, as well as commemorative and collector coins.

In addition, their team of experienced numismatists and appraisers can provide expert guidance and advice on the history and value of the coins.

Premier Coin Galleries was created to offer investors safe and practical choices if they're worried about uncertain economic, political, and monetary conditions.

So, it makes sense that their services highlight how they make it easier to invest and ensure their clients are making educated decisions.

Their services include:

  • Expert Guidance

Whether you're building your first portfolio or a professional investor, Premier Coin Galleries will offer market insight and knowledge to help you make educated decisions about your investing.

The staff is happy to work alongside you to stay within your budget to help you acquire rare coins to maximize your profits. You can set goals, and the staff will help give you actionable steps to achieve them.

  • Online Store

If you prefer to shop online, Premier Coin Galleries has a secure online store where you can browse and purchase items. The online store is designed to be user-friendly and easy to navigate as it features a simple scroll function.

Next to each coin, you can download an information sheet that gives you a quick history of the coin and its specs.

Premier Coin Galleries - Custodian Options

As a potential customer of Premier Coin Galleries, it's important to note that they do not offer custodial services where they hold clients' assets on their behalf.

However, if you are interested in working with a custodian to hold and safeguard your precious metals or coins, there are several options available in the industry, and they include:

  • Brinks

Brinks is a well-known and respected name in the security industry and offers custodial services for precious metals, including gold, silver, platinum, and palladium.

They provide secure storage options at several locations worldwide and offer insurance coverage on all stored assets.

  • Delaware Depository

Delaware Depository is another popular custodian that specializes in precious metals storage. They offer a range of storage options, including segregated, allocated, and unallocated storage, and provide 24/7 security and monitoring of their facilities.

  • IDS

IDS is a custodian that offers a range of storage solutions for precious metals, including vault storage, IRA storage, and personal storage. They have several locations worldwide and offer competitive fees and insurance coverage on all stored assets.

Is Premier Coin Galleries a Scam?

No, this company isn’t a scam. Premier Coin Galleries is a reputable and well-established coin dealer that has been in business for more than 20 years.

They have a strong reputation for providing high-quality products and services to their customers and are known for their expert guidance and exceptional customer service.

They have a AAA rating by the Better Business Bureau with thousands of 4 and 5-star customer reviews.

Premier Coin Galleries Pros

Premier Coin Galleries is a reputable and established coin dealer that can offer expert guidance and advice on rare coins and other collectibles.

However, like any financial decision, it's important to carefully consider the potential pros and cons before making any investment decisions, and they include: 

Broad Product Range: You'll get a wide range of products with this company, including rare coins, which appeal to a broad range of collectors and investors.

Expert Guidance and Advice: The company has a team of experienced numismatists and appraisers who can provide expert guidance and advice on rare coins.

Secure Online Store: The online store is designed to be secure and very easy to navigate from product to product, and there is an informational sheet you can download and look at next to each product.

Premier Coin Galleries Cons

No Custodial Services: Premier Coin Galleries does not offer custodial services where they hold your assets on your behalf, which may be a disadvantage if you're looking for a one-stop shop for buying and storing precious metals or coins. 

High Fee Potential: As with any coin dealer, there is a potential for high fees when buying or selling rare coins. It's important to carefully review the company's fees and pricing policies before making transactions.

Bottom Line

Premier Coin Galleries is a well-established coin dealer that offers a range of products and services to cater to the needs of both collectors and investors.

They specialize in rare coins, and they make it very easy for you to purchase them or open a precious metals IRA.  Their online store is user-friendly and secure as well, and this gives you peace of mind as you browse.

While they do not offer custodial services, they can guide reputable custodians in the industry.

As with any investment or financial decision, research and due diligence are essential before working with any company or making any investments.

Premier Coin Galleries is an acceptable company, they are not a scam, but we do not recommend them.

They are not the best option for individual purchases of precious metals, and certainly not the best option for investors looking to protect their savings with a gold IRA.

There are much better companies to work with that we have written about extensively on this website.

You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:

>> CLICK HERE to read our list of the Top Gold IRA Companies. <<

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