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Goldmint Review

Bear Lake Gold has created this Govmint review to help you decide whether the organization is the perfect gold dealer for your precious metal investment needs.

We employ a stringent review methodology for every gold IRA and precious metals company we review. To get complete details about our rigorous review methodology, click this link.

This Govmint review will cover various important aspects of the company like its products and services, product costs, and customer services. In addition, this review will give you precise and accurate details about their uniqueness and pros and cons.

After reading through this review, you should be able to decide whether you will buy precious metals or a gold IRA from them or instead, choose to buy through one of the companies we have rated in our top three gold and precious metal dealers.

It is essential to state that Govmint did not make it to our top three recommended gold IRA or precious metal companies.

We have listed the three companies we rated highest below.  If you would like to request more information from any or all of these companies please click on the relevant button(s) below.

Background

Saving for your retirement by outing your money in a bank account is one of the most secure ways of building you wealth, but with interest rates at 1.5% at the time of writing this article and inflation at 9.5% the value of your savings actually is decreasing over time.

Investing is riskier than saving, as your money is put at risk. Some investments are riskier than others, for example e-currency has seen vast rises and vast falls.  If you are looking to invest for your retirement years or even diversify your 401k plan, one of the less volatile areas for investment is the precious metals markets.

However, the problem sometimes for people who retire is not that they did not invest. The problem is that they made the wrong choice of investments. Even if you know that investing is essential, it will be futile if you invest wrongly.

While investing in the stock market is good and is how most 401k, 432 and 457 retirement plans are supported, the stock market is very vulnerable to the effect of inflation and potential stock market crashes. Therefore, if you want to invest your savings for retirement, you should select a stable, less volatile investment vehicle that is likely to at least keep pace with, if not outperform inflation overtime.

Throughout history, investing in precious metals has, in the long term, achieved both things.

Investing in precious metals through a precious metals IRA, or a Gold IRA, gives you the benefits of precious metals investment with the tax-efficient aspects of an IRA.

As part of this review, we will include an evaluation of Govmints’ coin, bullion and IRA offerings.

Govmint 

Introduction to Govmint

Govmint is a precious metals company that was founded in 1984, and today, they deliver coins and collectibles to over 120 countries globally. The company is a retailer that deals in rare collectible and graded coins.

Some investors in the precious metal industry consider Govmint as one of the best precious metals companies in the sector. They have a great reputation for selling gold and silver coins to customers.

The company is an online precious metal marketplace located in Minneapolis, Minnesota. They have a variety of quality and high-grade coins in their inventory. Apart from offering high-quality coins, they also sell hard-to-find coins. Govmint sells gold, silver, platinum and palladium bars and coins.

Some of the coins the company distributes are the regular coins in circulation in the precious metal industry. However, they also have coins that only collectors have access to. Additionally, they sell paper money and ancient coins to clients worldwide.

Govmint online platform has a feature that can help buyers or sellers determine the value of many coins.

The company has an excellent rating with Better Business Bureau (BBB) and have been present on this platform since January 10, 1986.

 

Services & Products Offered By Govmint

Govmint sells a wide range of silver and gold coins. They also sell bars and paper currencies. They have a catalog on their website containing all the precious metals in their inventory.

While they do sell the standard coins that are popular in the market, they also have rare coins in their inventory. New coins are shipped to their vaults every day by World Mints. Most of the gold and silver coins that World Mint ships to them are often in limited quantities. Hence, for buyers, it is usually a case of fastest fingers first. To get updated information about the new coins they receive daily, always visit their new coin arrival page on their website.

Currently, Govmint is one of the largest gold and silver coin retail distributors globally, and they ship precious metals to these countries:

  • Canada
  • United States (including Puerto Rico and U.S. Virgin Islands)
  • Australia
  • Switzerland
  • Austria
  • United Kingdom (including Scotland, England, Wales, Isle of Man, and Northern Ireland)

Govmint Costs and Fees

Govmint’s costs and fees are primarily associated with their shipping and handling processes. The fees will cover their labor, packaging, materials, and the cost of processing your precious metal. Depending on your purchase amount, the associated fees are:

  • $0 - $50.00 $6.95
  • $50.01 - $100.00 $9.95
  • $100.01 - $150.00 $11.95
  • $150.01 - $200.00 FREE
  • $200.01 - $500.00 FREE
  • $500.01 - $1,000.00 FREE
  • $1,000.01 + FREE

Services & Products Offered By Govmint

Gold IRA

When we spoke to the Govmint representative we found they do not offer IRA services.

Precious Metals (Coins and Bars)

United States Coins

Silver Eagle

  • Silver Eagle
  • Uncirculated
  • Graded Silver Eagles
  • Silver Eagle Proofs
  • Burnished Silver Eagles
  • Silver Eagle Sets
  • Silver Eagle Rolls & Boxes

Vintage Silver

  • Morgan Silver Dollar
  • Peace Dollar
  • Other Vintage Silver

Gold Eagle

  • 1 Ounce Gold Eagles
  • 1/2 Ounce Gold Eagles
  • 1/4 Ounce Gold Eagles
  • 1/10 Ounce Gold Eagle

Vintage Gold - Pre 1933

  • Gold Liberty
  • Gold Indian
  • Gold Saint Gaudens

Proof and Mint Sets

  • Proof Sets
  • Silver Proof Sets
  • Mint Sets

Commemorative Coins

  • Silver Commemoratives
  • Gold Commemoratives

Gold Buffalo

Platinum Eagles

Other U.S. Coins

  • America the Beautiful
  • State Quarter
  • Presidential Dollar
  • Half Dollar
  • Eisenhower Dollar
  • Dollar
  • Quarter
  • Dime
  • Nickel
  • Cent
  • Indian Head
  • Barber

Palladium Eagles

Walking Liberty

Silver

Canadian Silver

  • Silver Maple Leafs

U.S. Silver Coins

  • Silver Eagle Coins
  • Morgan Silver Dollars
  • Peace Silver dollars
  • Silver Commemoratives

Australian Silver

  • Silver Wedge-Tailed Eagles
  • Silver Kangaroo Coins
  • Silver Koala Coins
  • Silver Kookaburra Coins

Chinese Silver

  • Silver Pandas
  • Chinese Silver Lunar Coins

South African Silver

  • Silver Krugerrands
  • Silver Bars & Rounds
  • Silver Deals

Mexican Silver

  • Silver Libertads

Great Britain Silver

  • Silver Britannias

More World Silver Coins

  • Niue Silver Coins
  • Isle of Man Silver Coins

Other Gold Coins

  • com Gold Exclusives

Gold

U.S. Gold Coins

  • Gold Eagles
  • Gold Buffalos
  • S. Vintage Gold - Pre 1933
  • Gold Commemoratives

Canadian Gold

  • Gold Maple Leafs

Australian Gold

  • Gold Wedge-Tailed Eagles
  • Gold Kangaroo Coins

South African Gold

  • Gold Krugerrands

Chinese Gold Coins

  • Gold Panda Coins
  • Chinese Gold Lunar Coins

Great Britain Gold

  • Gold Britannias

Mexican Gold

More World Gold Coins

  • Niue Gold Coins
  • Isle of Man Gold Coins

Other Gold Coins

  • com Gold Exclusives

Gold Bars & Rounds

Gold Foil Notes

  • Goldbacks

Gold Deals

Gold Under $200

World Coins

Australia Coins

  • Silver Wedge-Tailed Eagle
  • Silver Kangaroo
  • Silver Kookaburra
  • Silver Koala
  • Gold Wedge-Tailed Eagle
  • Gold Kangaroo
  • Gold Koala

Canada Coins

  • Silver Maple Leafs
  • Gold Maple Leafs

China Coins

  • Silver Pandas
  • Gold Pandas
  • Silver Lunar Coins
  • Gold Lunar Coins

Great Britain Coins

  • Silver Britannias
  • Gold Britannias
  • Queen's Beasts

Mexico Coins

  • Libertad Coins

South Africa Coins

  • Gold Krugerrands
  • Silver Krugerrands

Other World Coins

  • Lunar Coins
  • Isle of Man Coins
  • France Coins
  • Niue Coins
  • Other World Silver Coins

Pop Culture Coins

  • Star Wars
  • Star Trek
  • Disney
  • Superhero
  • Chibi
  • DC Comics
  • Harry Potter

Exclusive Coins

Smithsonian

Institution

Scarce & Unique Division

  • Scarce & Unique Coins

Other Coins

Shipwreck Coins

Platinum Coins

  • Platinum Eagles

Palladium Coins

Currency Proof

Bars & Rounds

  • Bulk Bags
  • Monster Boxes

Paper Currency

  • Silver Certificates
  • Gold Certificates
  • Federal Reserve Notes
  • Confederate Notes
  • Other Paper Currency

Ancient Coins

  • Roman Empire Coins

Gift Ideas

  • Gifts Under $50
  • Gifts $50 to $200
  • Kids Collection
  • Valentine's Day
  • Graduation Gift Guide

Coin Storage

Coin Books

Bullion Coins

Sports Coins

Best Sellers

Pop Culture Coins

How Do Customer Review Sites Rate Company Name?

BB Review and Customer Testimonials

2 stars out of 5

6 complaints out of 30 reviews.

Business Consumer Alllience Review

No Reviews Were Found

No Reviews Were Found

Google review

No Reviews Were Found

No Reviews Were Found

Facebook Reviews

3.7 out of 5 Star

This rating was from the reviews of 35 people.

Trustpilot Reviews

No Reviews Were Found

No Reviews Were Found

Govmint Pros And Cons

Pros
They have a wide variety of coins for sale in their vault
They have access to the rarest coins in the industry
They guide customers on the best prices for selling their coins, the best time to sell, and the best clients to sell to for high profits.
They have an FAQ section on their website.
Cons
They seem to be more of a coin specialist than a bullion or IRA specialist
We struggled to find enough reviews and testimonials to get a good feel for them
we found customer support and question answering very poor
Buybacks are not guaranteed

Our Recommended Alternatives To Govmint

Goldco is a gold IRA and precious metals investment company which we regard highly.

It is popular in the precious metal industry for its numerous quality and unmatched services. The company has been in the industry for some years now, and they have gained customers' trust through customer-friendly offers and excellent customer service.

Goldco is an award-winning precious metal investment company, and they are rated top on the rating platforms in this review. It does not matter if you are inexperienced in the precious metal industry. Their team of experts will guide you through their accessible account opening process. They will guide you through your account funding processes. ext. Double-click this text to edit it.

Augusta Precious Metal is one of our recommended precious metal IRA companies. This company is famous for providing high-quality gold IRA and precious metal investment services for beginners and expert investors.

Also, they have excellent customer service, easy account opening/funding processes, and a team of IRA experts to take care of your investment needs.

Finally, you can trust them for the security of your precious metals. They use Delaware security solutions to ensure your precious metals are safe. Some of the products you can buy from this company are;

  • Gold IRA metals
  • Other eligible IRA precious metals
  • Silver bars and coins
  • Gold bars and coins
  • Gold and silver bullion
  • Palladium coins and bars
  • Platinum coins and bars.

Hartford American Gold is another IRA precious metal company that made it to our top-three list. The company focuses on secondary investments. They sell other physical gold and other precious metals.

In the precious metals industry, Hartford is known for offering customers the finest quality of gold and precious metals. They have a team of experts to help you make the right investment choices, excellent customer service, and an outstanding buyback program.

Conclusion to our Govimnt Reviews

Bear Lake Gold conducted this extensive Govmint review using our standard research methods. From our interactions with Govmint employees, online investors, and offline buyers, in our opinion, they are not a scam company.

However, because of their lack of customer ratings online, negative reviews and lack of an IRA offering, we did not include them in our top thirty precious metal and gold IRA providers.

INstead we urge you to choose one of our top three rated companies as above and request their information packs by clicking the relevant button above.

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