Southern Coins & Precious Metals Review

Southern Coins & Precious Metals Review

Disclaimer: We are reader supported.  We may be compensated from the links in this post, if you use products or services based on our expert recommendations. Please read our Advertising Disclosure.

Southern Coins & Precious Metals is a New Orleans gold and rare coin dealer owned and operated by the same family for 40 years. The company has been a leader in the numismatic industry since 1977 and has proudly served nationwide clientele.   

Originally located in the French Quarter, Southern Coins & Precious Metals moved to Metairie in 1986.

SCPM offers several features for clients like secure online orders, live spot pricing, and current news in the numismatic industry. 

Before we get started with this review:

We understand how difficult it is to pick a company that you can trust with your hard earned savings.  That's why we create informative and useful information to give you as much knowledge as possible to make the right decision.

We created a list of our highest recommended investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.

Look to see if Southern Coins & Precious Metals was selected to our "highest recommendation" list this year!


Get a FREE Gold Investing Kit from our #1 recommendation, by clicking the button below:

Learn How to Protect Your Wealth Today!

What is Southern Coins & Precious Metals?

scpm homepage

According to Southern Coins & Precious Metals, they are the only coin firm in Louisiana having four of its staff members included in the Professional Numismatists Guild. 

Additionally, Southern Coins & Precious Metals is the only Louisiana member of PNG's Accredited Precious Metals Dealer Program.  SCPM consists of experienced professional precious metal dealers and numismatists.

Southern Coins & Precious Metals buys and sells gold, silver, platinum, and palladium in all forms. Whether you're interested in regularly traded bullion, coins to scrap gold, or sterling silver, SCPM has you covered.   

SCPM is affiliated with several companies like the American Numismatic Association, Florida United Numismatists, Central States Numismatic Association, and more.

Southern Coins and Precious Metals Products

two gold coins and one gold bar

Investors and collectors will find many products on SCPM. If you're looking for a great range of products to satisfy your needs, you'll find that SCPM doesn't disappoint.

Let's take a closer look at what the company has to offer:

  • Gold

Investors and collectors have many options when it comes to gold like American Buffalo, American Eagle, American Buffalo, Australian, Bars, Canadian Maple Leaf, and more. 

  • Silver

SCPM offers a wide variety of silver like the American Eagle, Australian, Britannia, Canadian Maple Leaf, Rounds, and more. 

  • Platinum

Investors and collectors will have the option for several platinum products like American Eagle and Bars. 

  • Numismatic and Currency

SCPM also offers many other numismatic products and currencies.

Selling to Southern Coins & Precious Metals

If you're interested in more than just buying coins and precious metals, you can also sell to SCPM. At Southern Coins & Precious Metals, the company welcomes anyone who would like to sell gold, silver, platinum, palladium, coins, and currency with them.   

SCPM states that items can either be mailed to them or brought to their office in Metairie, Louisiana.

SCPM further states that if you have coins, currency, U.S. or foreign coins, or any items made from gold or silver, SCPM will provide an evaluation to determine the value of your items.   

Appraisal services with SCPM in-office and mail are free. SCPM states that long-time, non-local customers transport their products through secure carriers like FedEx or USPS registered mail and are insured for loss for evaluations.

If you would like to use mail, the company states that you should make arrangements with one of their numismatists first so that monitoring can be tracked on both ends.   

SCPM also states that they use email or text photos of coins are useful to determine if you have something worth looking at in person. Here is a closer look at what Southern Coins & Precious Metals will buy from you:  

Bullion: SCPM buys precious metals from those interested in liquidating their coins and precious metals. SCPM says that they offer competitive rates and will confirm prices by phone.  

Coins: SCPM also says that customers can send numismatic material to their office in Louisiana. They will appraise coins and give you an offer, typically on the same day the coins are received.

SCPM states that they generally purchase most of the merchandise that is offered to them.  

Scrap: Southern Coins & Precious Metals also buys scrap gold from customers. They professionally evaluate the metallic content of your items and offer you the best price in the market.

They do this by using the latest technology to determine the precise gold content of your items. If you desire, x-ray fluorescent spectrometer analysis can melt assay can be used. 

Southern Coins & Precious Metals states that if you're interested in selling precious metals get in touch with someone from their team. 

Customer Support

Southern Coins & Precious Metals has a small but dedicated customer support team. You can reach them from Monday-Friday from 9:00 am-5:00 pm CST. SCPM can be reached via phone at 800.535.9704 or email at [email protected]  

While SCPM's team is small, they appear to make the customer experience a top priority for customers. Whether you're interested in buying or selling coins, they encourage you to reach out to them for any questions you may have. 


Southern Coins & Precious Metal has garnered many reviews across various platforms. On Trustindex, SCPM has a rating of 4.9/5 with 75 reviews from customers.  

SCPM has impressively garnered nearly 5-star reviews online. Many customers have said that SCPM offers an excellent customer service experience. Representatives at SCPM are always friendly and helpful with their needs.  

Additionally, many customers have said that Southern Precious Metals offers some of the most competitive prices. One customer said they shopped around to sell their gold coins collection and found that SCPM has the best prices out of 3 other places.  

Another customer said that SCPM is one of the easiest places to buy and sell coins and gold. Everyone at SCPM is knowledgeable and helpful throughout every step of the process.  

The only negative review on Trustindex is from 2020. The customer said that the customer service representative wouldn't listen to what they had to say. They said the representative ignored their product which was valued at $138,000.

There were no other details given about this situation and no response was given from Southern Coins & Precious Metals. 

Southern Coins & Precious Metals: Pros and Cons

SCPM is a company with a longstanding history of providing services to investors and collectors. Before moving forward with SCPM, take a look at a few pros and cons of choosing them as your precious metals and coins dealer.

  • Pro: Recognized and Awarded Company

One of the most positive aspects of working with Southern Coins & Precious Metals is that it is highly recognized and awarded by many trusted companies.

SCPM is a BBB Accredited Business and is recognized by several organizations like PNG, PCGS, NGC, ICTA, and more.  Finding a trusted precious metals dealer can be challenging for investors.

It's also difficult to find dealers that are widely recognized by top financial companies. Southern Coins & Precious Metals has built a longstanding history and has formed solid relationships with trusted companies. 

  • Pro: Product Variety

Compared to its competitors, Southern Coins & Precious Metals offers a great selection of products for both investors and collectors. For instance, investors have an opportunity to purchase IRA eligible gold coins and other precious metals. 

But if you're interested in rare coins to add to your collection, you'll find plenty of options on SCPM's website.

  • Pro: Intuitive Website

Southern Coins & Precious Metal also has an intuitive website that makes navigating easy.

For investors and collectors that want to find their desired products and make a purchase, you'll find that accessing information and finding what you need will add to the customer experience.

  • Pro: Free Appraisal Service

Another positive aspect of Southern Coins & Precious Metals is that they offer free appraisal services. This service is available for walk-ins and those who need to mail in their items.  

Offering free appraisals is a nice addition, especially for those who plan to get appraisals routinely. This eliminates additional costs and can essentially help investors and collectors maximize their earnings. 

  • Con: Must Call for Prices

One disadvantage of Southern Coins & Precious Metals is that you must call for product pricing. Many dealers feature the price of precious metals and coins on the inventory page for the customer's convenience.   

Unfortunately, needing to call for prices can be a huge time waster and there's no guarantee that the product you're interested in is available. It would be a much more seamless experience if customers could easily see products for quicker purchasing.

  • Con: No IRA Services

Another disadvantage to consider is that Southern Coin & Precious Metals does not provide precious metals IRA services. While they do have some IRA-eligible precious metals, you'll need to find another company that provides an option for an IRA account.

Southern Coins & Precious Metals: Final Thoughts

Southern Coins & Precious Metals is a reputable precious metal and rare coins dealer located in Louisiana.

While they are a local company, they have a nationwide clientele and have consistently delivered quality service and competitive prices over the years.  

SCPM has a variety of precious metals and rare coins for investors and collectors. They also offer free appraisals for those interested in selling products with them. 

Note that if you're looking for IRA services, SCPM isn't the best option. They directly buy and sell for clients.

However, if you're looking for an excellent dealer to diversify your portfolio or add to your collection, SCPM is worth giving a try.

Southern Coins & Precious Metals is a reputable precious metal and rare coins dealer, they are not a scam, but we do not recommend them.   

There are better companies to work with if you are looking to make cash purchases of precious metals and much better companies to work with if you are looking to invest in a precious metals IRA that we have researched 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 Investing Companies. <<

Or, if you like what you have read about Southern Coins & Precious Metals, you can go to their website below: