Westminister Mint Review

Westminister Mint Review

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Have you been searching for the best way to grow your wealth and protect yourself against stock market volatility? If so, you may have found that many experts recommend investing some of your money in gold, silver, and other precious metals. Your searches may have also led you to discover Westminster Mint.

But, who is Westminster Mint? Are they a reputable business? Will they help you meet your financial goals and provide you with quality products and services? Keep reading to find out; we'll highlight important information about this company that you'll want to hear before making a decision to work with them!

  • Product: Precious metals
  • Owner: Ian Clay (president)
  • Overall Rating: 3.3/5

Important to mention before we go more in depth with this review!

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About Westminster Mint

Westminister Mint Review

Westminster Mint was founded and incorporated in Minnesota in 2001. They have been a member of the Better Business Bureau since 2008 and currently hold an A+ rating.

When you work with Westminster Mint, you can feel confident you're working with a company with a deep understanding of investing in precious metals. Each member of the team is knowledgeable and experienced in the numismatic industry. The company is an authorized deal of certified and graded coins by the Numismatic Guaranty Corporation (NGC), the American Numismatic Association Certification Service (ANACS), and the Professional Coin Grading Service (PCGS).

Westminster Mint also offers a free mobile app for its customers. With the app, you can easily keep track of precious metals products, buy or sell bullion, and check on market trends.

Gold

Westminister Mint Review

Westminster Mint offers a few different gold coins and bars that investors can choose from. These include:

Coins

  • Gold American Eagle Coins
  • Gold American Buffalo Coins
  • Gold Canadian Maple Leaf Coins

Bars

  • 1 gram PAMP Suisse Gold Bars
  • 5 gram PAMP Suisse Gold Bar
  • 1 oz PAMP Suisse Romanesque Cross Gold Bars
  • 10 gram PAMP Suisse Romanesque Cross Gold Bars
  • PAMP Suisse 25 x 1 gram Gold Bars in Multigram Assay Holder

Silver 

Westminister Mint Review

If you're looking to invest in silver coins, bars, or rounds, you'll find that there are many options to choose from with Westminster Mint. These include:

Coins

  • Silver American Eagle Coins
  • Silver Canadian Maple Leaf Coins
  • Silver Austrian Philharmonic Coins
  • Silver Great Britain Britannia Coins
  • Silver Australia Kangaroo Coins
  • Peace Silver Dollar Coins
  • Morgan Silver Dollar Coins

Bars

  • 10 oz Westminster Mint Silver Bars
  • 10 oz Silver Bullion Ingots
  • 1 oz Westminster Mint Silver Bars
  • 1 oz Silver Bullion Ingots
  • 1 troy oz PAMP Fortuna Silver Bar
  • 5 troy oz PAMP Fortuna Silver Bar
  • 10 troy oz PAMP Fortuna Silver Bar

Rounds

  • Silver American Buffalo Rounds
  • Silver Eagle Type III Design Bullion Rounds
  • Silver Bullion Rounds Monster Box (500 coins)

Rare and Collectible Coins

Westminister Mint Review

Westminster Mint also offers quite a few collectible, rare, and ancient coins. Whether you are a history buff or just interested in owning something rare, some of these options may be for you:

Ancient Coins

  • Alexander III the Great (336 – 323 BC) coin
  • Phocus (AD 602-610) coin
  • Attica, Athens (165-42 BC) coin

Shipwreck Coins

  • 1857 Double Pinch Gold S.S. Republic Coin

Gold Hoard Coins

  • 1912 $5 Gold Bank of Canada Hoard Coins
  • 1913 $10 Gold Bank of Canada Hoard Coins
  • 1914 $5 Gold Bank of Canada Hoard Coins
  • 1914 $10 Gold Bank of Canada Hoard Coins

Shipping

Westminster Mint works to process and ship orders quickly. Most orders that are placed will be shipped within three days, but the website states to allow up to 15 days for orders to be delivered. Orders are shipped with US Priority Mail, and a signature is required for orders greater than $100.

Each package shipped includes full transit insurance to protect your precious metals and provide you with peace of mind knowing your metals are secure.

While many other companies offer free shipping after you spend a certain amount of money, Westminster Mint does not. Shipping costs actually increase as the amount of your order increase. For example, while orders up to $300 cost $11.40 to ship, orders between $50,001 and $100,000 cost $294 to ship.

Are There Any Red Flags for Westminster Mint?

Westminister Mint Review

Now that you've read a bit about Westminster Mint, you'd probably like to know whether there are any red flags that indicate you shouldn't give your business to this company. One of the first things we like to do is to check reviews from past customers. We find that you're able to get a much more complete picture of a company by reading past reviews than by only looking at the website.

We looked at four of our favorite online review sites to help you see what others had to say about Westminster Mint. These sites are the Better Business Bureau, Business Consumer Alliance, TrustLink, and Trustpilot. You can view the review averages and ratings from each site below.

As you can see, ratings of Westminster Mint look OK, but not stellar. They seem to have pretty average ratings on the sites where we could find information.

Do you want to do business with a company that is just average, when there are so many with much higher ratings from past customers? That's a question you'll need to decide for yourself. We'll share some additional information in the next section that may help you in making this decision.

  • Better Business Bureau: A+ rating; BBB Accredited Business
  • Business Consumer Alliance: B rating
  • TrustLink: Not rated
  • Trustpilot: 3.7/5 stars (with 1 review)

Is Westminster Mint a Scam?

Westminister Mint Review

The biggest question that's probably on your mind if you're thinking about giving any of your money to Westminster Mint is whether the company is legit. Westminster Mint does not appear to be a scam company. They have been in business for 20 years and have an A+ rating with the Better Business Bureau.

Just because they are not a scam company, however, does not mean that Westminster Mint is the right company for you to necessarily work with. There are a few different concerns we have about the company that make us a bit hesitant to recommend them to you.

First of all, as we shared above, the reviews for Westminster Mint are simply average. While they have an A+ rating with the Better Business Bureau, they only have a B rating with the Business Consumer Alliance (with A, AA, and AAA ratings being above a B). Westminster Mint also only has a 3.7/5 review on Trustpilot.

Trustpilot frequently lists multiple reviews for many other precious metals investment companies, but there was only one review for Westminster Mint. Considering the company has been around for 20 years, it is not reassuring to only see one review when other companies have thousands of reviews. In our opinion, this just doesn't provide enough information to really get a full picture of the company.

Another issue for us is the fact that there have been 13 complaints filed against Westminster Mint in the past three years. Nine of the 13 complaints brought up problems with the products or services provided by Westminster Mint. This just makes it seem like too much of a gamble to give your business to this company, in our opinion.

Westminster Mint's website also makes no mention, that we could find, of IRA services. Many people looking to invest in precious metals want to add them to an IRA to take advantage of the tax benefits offered to IRA holders. Since you can't do this with Westminster Mint, it is another reason you may want to consider looking around to find a different company to work with.

Features

  • Westminster Mint has been in business for 20 years.
  • The company has an A+ rating with the Better Business Bureau.
  • They offer a free mobile app to help customers make transactions and keep up with the latest market pricing.
  • The offer a nice selection of gold and silver coins and bars.
  • You can also purchase rare and collectible coins through Westminster Mint.
  • Orders are processed and shipped quickly.
  • Free transit insurance is included with all shipments.

Pros

  • All orders include free transit insurance.
  • Westminster Mint offers a large selection of coins and bar.
  • You can download their free mobile app to make purchases and keep track of current market prices.

Cons

  • There are few reviews available.
  • The reviews that are available are just average.
  • 13 complaints have been filled against the company with the BBB in the last 3 years.
  • The website does not mention IRA services.
  • Regardless of the amount you spend, shipping isn't free.

Final Verdict

So, would we recommend Westminster Mint? No, we would not advise you to work with this company. There aren't enough reviews from past customers to truly get a feel for how they operate and do business. We also didn't like to see that there have been 13 complaints filed against Westminster Mint with the BBB in just the last 3 years. The face that you can't set up a Precious Metals IRA with Westminster Mint is just another strike against the company, in our view.

However, the good news for you is that there are plenty of other gold investment companies out there. Many have very high reviews from past customers and do offer IRA services. We'd recommend doing a bit more searching and choosing one of these companies instead!

We believe that there are better companies out there to make your investment with.

You can get a free gold investment kit from our #1 recommended precious metals investment company above, or you can checkout our top 5 recommended companies below...

===> See our top 5 recommended companies here (for IRAs AND non IRAs)

Or, continue with Westminister Mint...

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