Govmint is a private retail distributor of currency and coin issues as opposed to the belief by many that it is an affiliate of the U.S. government. This misconception is mainly because of its name, which suggests that it is a government agency. Govmint has been around for twenty years and specializes primarily in the sale of gold bullion, silver bullion, and some other collectible items. So if you are a bullion trader, you can try purchasing your coins on the Govmint platform. You can get more information about the Govmint platform by going through govmint.com reviews to know how past users have enjoyed trading via the platform.
What can you trade on Govmint?
Govmint has an impressive portfolio of coin collections you can trade. They are a tested and trusted coin trading platform with a reputation for trading premium coins.
1. U.S. Gold Coins
If you want the platform that offers premium U.S. gold you can buy at a reasonable price, Govmint is your best bet. Their gold coins collection meets the gold standard of excellence. You can get the latest gold coins such as gold Eagles and Buffalos, Liberty and Saint Gaudens, and other types of premium coins. You can also find coins like nickels and dimes, Native American coins, quarters and cents, shipwreck coins, and many more. They are a reliable bullion trader where you can get a variety of coins you may be interested in.
2. U.S. Silver Coins
Just like its U.S. gold portfolio, Govmint has an impressive collection of U.S. silver coins that you can trade. The U.S. silver coins collection of Govmint.com is graded by NGC and PCGS. Its collection boasts of Morgan silver dollars, American Silver Eagles coins, peace dollars, and Eisenhower dollars.
3. World Coins
GovMint also gives you the option of trading in international coins with a portfolio for top-quality world coins from different places around the globe. You do not have to worry about the quality of the world coins because they are not from the U.S. Govmints is known for its quality coin collection. Govmint trade international coins such as South African Shillings, Russian Rubbles, Mexican Pesos, Kangaroos, and Australian Koalas.
When it comes to bullion prices, even though Govmint.com is regarded as a reliable platform to trade gold and silver coins, the prices are mostly on the high side. Compared to other gold and silver trading platforms, the prices of coins on Govmint are quite steep. This usually poses a problem for interested buyers of coins on the platform.
Govmint compensates for the high price with the trading credibility and reliability it is known for as there are usually few govmint complaints about govmint scam or govmint ripoff. You are sure that you are buying quality coins. So if you don’t mind the pricing, Govmint is your best bet. A good example of this high pricing can be seen in the price of American Silver Eagle from 2011, which is $100 on Govmint.com. Comparing the pricing to another platform like APMEX shows that it is $35 more Govmint as it is sold for $65 on APMEX. Other examples include the Silver Eagle, which goes for $55 on Govmint but is $43 on APMEX. A 1/10 ounce of Gold Eagle from 2011 goes for $274 while it is $ 210 on APMEX. One troy ounce of Gold Australian Kangaroo from 2011 which is sold for $2,345 on Govmint.com, costs only $1,839 on APMEX.
Order Placement, Payment, And Shipment Reviews
A variety of options are available to you when it comes to placing coin orders on Govmint.com. They have a toll free service phone line that is open 24/7 for you to reach out and place your orders, especially if you want to make further inquiries before placing your order for coins. You can also place orders via a provided Govmint e-mail address. Another method of buying coins on Govmint.com is clicking on any of the purchase buttons on the Govmint website. You can also purchase coins via a faxed message.
For prospective international buyers who would like to purchase their coins on Govmint.com, they might face a challenge of restriction as there are only limited countries where Govmint can ship its coins to. Therefore, orders are refused from unlisted countries, even if payment is made in advance. The list of countries that can purchase on the Govmint platforms includes United States, Canada, Austria, Great Britain, Australia, Switzerland, and South Africa. All other countries are exempted, which is disappointing for affluent and renowned countries such as Germany, France, the Scandinavian countries, and Japan.
When it comes to payment methods, Govmint takes only credit card payments, and it is flexible when it comes to the type of credit cards it accepts. You can make payments with credit cards of various kinds, such as MasterCard, VisaCard, Discover, and American Express. When you purchase coins on Govmint.com, you are not charged until your bullion is shipped, which may take weeks. That will give you ample time to make sure you have enough credit on your card to cover the cost of transaction and delivery.
When it comes to pricing & payment, the price at which you placed your order may not be the price you will pay when your bullion is delivered. The price of coins on Govmint is not locked in after placing your order. It is subject to market changes, which means you may end up paying more several weeks later when your bullion arrives. This is very important to note when placing your order. You can find this information on their website. The trick to being on the safe side on this is to place your order only when you are sure the market price will be fairly stable for a while. You can also overlook the volatile pricing if you have enough money on your credit card to cover whatever future increase in price that may occur. Govmint on its own also gives unexpected discounts when it is time to pay, which means it could also be to your advantage when you place your order. Most importantly, weigh your options before placing your order.
Sales Representatives Review
Govmint is a coin trading platform with top-notch customer service. They have experienced sales representatives who are well-grounded in sales and knowledgeable in numismatics.
How Does The Website Work? (U.I. and UX)
Govmint.com works just like any other online sales platform. The website is self instructive, and you can navigate easily around to get more information, place your order, put it in the cart, and checkout. It is basically your everyday e-commerce website. A minus about the website is that, unlike most e-commerce websites these days, Govmint does not have a live chat function where you can directly reach out to them. You can only drop an e-mail.
Is Govmint A Scam or Ripoff
Govmint is a reputable bullion sales company with a face and a physical address. Two decades is a long time for a company to keep up the charade of being a scam or ripping people off, especially in the age of active social media. Govmint is also a member of reputable organizations such as Better Business Bureau of Minnesota, American Numismatic Association, Telemarketing Manager’s Association, Direct Marketing Association, and Midwest Direct Marketing Association.
Govmint BBB Rating
Govmint BBB rating has an A+ rating with a 2.2/5 star rating out of 15 govmint complaints.
There are a plethora of bullion trading platforms you can use. The key is researching extensively on the platform you want to go for. Make sure your research spans more than one website. Read different reviews about the platform to have an idea of how they trade and how good the customer service response is. Govmint is a reliable platform to buy billions, and you can rest assured that you get value for your money when you buy their coins. However, it is a personal decision whether to trade with them or not.