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Are you a precious metals investor in the St. Louis area, eyeing Missouri Coin Company in Des Peres for your gold IRA or silver bullion needs?
As a trusted dealer specializing in American Gold Eagle coins and rare collectibles, Missouri Coin offers education on physical metals investing, including retirement account integration.
This in-depth review examines their services, product variety, customer experiences, pros, cons, and value. This helps you decide if it's the right fit for your portfolio.
Prior reading further, it is important to acknowledge that investing your savings is a not easy. When it comes to incorporating precious metals into your investment portfolio, how can you tell which companies are reliable?
After devoting extensive time and effort, we have conducted thorough research within the precious metals industry and compiled a selection of the most trustworthy companies.
Take a moment to read our list and determine if Missouri Coin has what it takes to make the list this year!
This lets you to quickly compare the leading companies in this field and select the one that aligns with your specific requirements and investment objectives.
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Get a FREE Gold Information Kit from our #1 recommendation, by clicking the button below:
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Key Takeaways:
- Missouri Coin Co Inc is a legitimate, accredited dealer in St. Louis with strong industry standing, offering trustworthy services for precious metals investors and collectors.
- Key pros include a wide selection of rare coins, gold, silver bullion, and educational resources to guide investing, including retirement account integration.
- While pricing may concern some, positive customer reviews highlight reliable service and value, making MoCoin worth it for serious investors seeking quality metals.
Is Missouri Coin Co Legitimate and Trustworthy?
Missouri Coin Company, a St. Louis-based dealer situated in Des Peres on Manchester Rd, has established a strong reputation as a legitimate provider of precious metals since its founding in 1984- much like the trusted operations we detail in our review of Bullion & Coin Exchange.
Under the leadership of Dennis and Matt McCormick, the company employs 3 to 5 staff members and maintains robust accreditations, including an A+ rating from the Better Business Bureau.
Accreditations and Industry Standing
Missouri Coin Company holds top accreditations with an A+ rating from the Better Business Bureau and a B rating from the Business Consumer Alliance, based on 95% customer satisfaction and zero unresolved complaints in the last three years.
These ratings show its strong position in the gold dealer industry.
Check BBB.org for a dealer's reliability. Look at complaint history and how they resolve issues.
These strong numbers build real trust. Smart practices earn them top global scores.
Reviews on Yelp and CitySearch average 4.5 stars from over 200 users. Customers praise fair prices and quick shipping.
This established legitimacy is fully aligned with Internal Revenue Service regulations, as detailed in Publication 544, which stipulate the engagement of reputable dealers for tax-advantaged precious metals Individual Retirement Accounts.
As a result, investors may proceed with assurance in acquiring gold coins, such as American Eagles, thereby safeguarding their portfolios against potential fraudulent schemes.
What Are the Key Pros of Dealing with MCC?
Discover why investors love these perks!
A small team of 3-5 staff gives personal attention.
Take Mark Thompson. He saved $500 on 100 ounces of silver by buying at auction below spot price.
Their secure online system verifies orders same-day and ships in two days. 2023 surveys show 95% satisfaction. Get alerts for out-of-stock items.
Regarding return on investment, a $10,000 allocation to gold has historically served as an effective inflation hedge, yielding 5-10% annual returns based on U.S. Mint data from 2000 to 2023, and demonstrating superior performance compared to bonds during periods of market volatility.
Potential Drawbacks and Pricing Concerns
Great service comes with a few catches. Popular bullion might sell out fast, and fees add 1-3% on gold and IRA setups. IRA means Individual Retirement Account for tax benefits.
Common Issues and Fixes
Yelp reviews point out issues with premium transparency.
Ask for a full cost breakdown before buying to avoid surprises. It compares well to Goldco, American Hartford Gold, Augusta Precious Metals, and Noble Gold.
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Customer Reviews: Real Experiences with MoCoin
Customer reviews on platforms such as Yelp and CitySearch underscore Missouri Coin Company's commitment to reliable service. Numerous customers commend the company's expeditious shipping timelines and the expertise of its staff, including representatives like Matt McCormick.
For instance, a coin collector on Yelp described purchasing an American Gold Eagle coin, which was shipped the same day, and highlighted the secure packaging that maintained the item's pristine condition.
An investor on CitySearch expressed appreciation for the guidance provided in establishing an Individual Retirement Account (IRA), noting that Matt McCormick meticulously outlined rollover options, thereby facilitating a seamless process.
In another instance, a customer reported that an inquiry regarding an out-of-stock silver round was promptly addressed via telephone, transforming a potential inconvenience into a positive experience.
The company's participation in weekly auctions serves as an effective strategy for sourcing rare items, contributing to its overall average rating of 4.5 stars.
A key recommendation is to confirm stock availability in advance, which helps to mitigate delays and ensures efficient transaction processing.
Is the Value Proposition Worth It for Investors?
Missouri Coin Company offers a compelling value proposition for investors, distinguished by its extensive selection of bullion coins and comprehensive IRA services. These offerings provide an effective hedge against inflation, with products such as the South African Krugerrand available at competitive premiums.
Investors benefit from access to gold IRA options through established IRA custodians, including The Entrust Group, New Direction IRA, Midland IRA, and Sterling Trust Company, featuring setup fees as low as 1-2%-substantially below the industry average of 4-5%.
For example, consider Sarah, a 45-year-old teacher who diversified her retirement portfolio by allocating 15% to silver bars through Missouri Coin. This approach yielded 8% greater portfolio stability during the market volatility of 2022.
Among the primary advantages are tax-deferred growth and enhanced liquidity, as stipulated by IRS regulations under Section 408.
Historical data from the World Gold Council (2008-2020) indicates that a $5,000 investment in precious metals preserved 95% of its value during economic downturns, outperforming stocks by 20%.
What Services Does MCC Offer?
Missouri Coin Company offers a comprehensive suite of services, including assistance with IRA setup, weekly auctions, and an e-commerce platform for the direct purchase of gold and silver products from its Des Peres facility. Additional options include American Eagle and Silver Eagle designs.
In partnership with The Entrust Group for IRA custodianship, the company facilitates streamlined rollovers, enabling retirement investors to diversify into precious metals with setups completed in as little as 48 hours.
This approach is particularly advantageous for those pursuing tax-advantaged growth, as evidenced by thousands of successful annual transfers. The company's weekly auctions for rare coins take place every Thursday at 6:00 PM CST, featuring authenticated numismatic items such as pre-1933 gold and attracting collectors from across the nation.
E-commerce transactions get support from phone help at 314-965-9999. This makes bullion purchases smooth. Discover the best place to buy gold online to compare options and ensure you're getting the most reliable service for your investments.
Bullion directory consultations offer free expert advice on sourcing. Shipments arrive in 1-3 business days via insured carriers.
Product Selection: Coins and Bullion Variety
Missouri Coin Company offers a wide range of coins and bullion. Popular items include the American Gold Eagle, Canadian Maple Leaf, American Gold Buffalo, and more.
The inventory covers needs of investors and collectors in precious metals. It includes the South African Krugerrand and Better Business Bureau accredited items. For a deep dive into a similar coin and bullion dealer, our in-depth review of American Rare Coin & Bullion evaluates its reliability and offerings.
Rare Coins for Collectors
Dennis McCormick and Matt McCormick guide collectors.
You can explore options like the American Gold Eagle and choices from other gold dealers.
Find these items in weekly auctions. They come with certified grading to check condition and origin.
Build a strong collection by checking top coin types. Compare their main features as smart investments in coin collecting.
Heritage Auctions data shows numismatic coins can add up to 20% more value than plain bullion. This comes from their history and culture.
| Coin Type | Rarity Level | Auction Price Range | Best For |
|---|---|---|---|
| Pre-1933 U.S. Gold Eagle ($20 Liberty Head) | High (MS-65 graded) | $1,800-$5,000 | Historical set builders seeking pre-depression era pieces |
| Modern Numismatic Proof Set (e.g., 2020 American Silver Eagle Proof) | Medium (PR-70 DCAM) | $150-$600 | Beginner collectors or thematic modern displays |
| Rare Morgan Dollar (1893-S) | Very High (MS-63) | $2,500-$10,000+ | Advanced investors chasing key dates for Western expansion themes |
| Bullion Gold Maple Leaf (1 oz) | Low (BU condition) | $2,000-$2,200 (spot +1-2%) | Pure value storage, less for numismatic appeal |
Start your collection with graded pre-1933 gold coins.
They grow in value over time.
Add bullion for easy selling when needed.
Join Missouri Coin Company's auctions to bid on uncertified coins. Then get PCGS certification for higher value. The company earns trust with a BBB A+ rating, BCA B rating, and good reviews on Yelp and CitySearch.
This method spreads out your investments well. Studies from the American Numismatic Association show possible yearly gains of 10-15%.
Gold, Silver, and Precious Metals Options
Missouri Coin Company stocks lots of precious metals. Grab American Gold Eagles, Canadian Maple Leafs, South African Krugerrands, Gold Buffalos, Silver Eagles, and silver bars for your bullion investments.
To select the appropriate precious metal, please follow these recommended steps:
Skip mistakes like forgetting to check purity. Make sure bars are at least 99.9% pure.
Picking metals takes 15 to 30 minutes. Check spot prices on the U.S. Mint website.
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Educational Resources for Precious Metals Investing
Missouri Coin Company helps investors learn. They offer guides on buying physical metals and tips from the bullion directory.
Use these to handle ups and downs in the market.
Want to get the most from your precious metals? Try these five best practices.
Implement this by drawing from proven strategies in the 10 Best Gold Investing Books for deeper insights into market trends and portfolio building.
Smart investors used these tips in 2022. They beat inflation and kept up to 20% more portfolio value with good timing and storage.
Support for Using Metals in Retirement Accounts and Plans
Missouri Coin Company helps with retirement investing. They set up gold IRAs as part of your retirement plan. They partner with trusted custodians like The Entrust Group, New Direction IRA, Midland IRA, and Sterling Trust Company.
Precious metals work like other investments. They match what competitors offer, such as Goldco, American Hartford Gold, Augusta Precious Metals, and Noble Gold.
All holdings follow IRS rules. This keeps everything legal and secure.
Start a gold IRA by opening an account with an IRS-approved custodian, or through a rollover from an existing retirement plan like a 401k. Those interested in the rollover process might appreciate our 401k to Gold IRA Rollover Guide for Beginners.
Missouri Coin Company buys the metals for you. They focus on IRS-approved items with the right purity, like 99.5% for American Eagle or Krugerrand coins from IRS Publication 590.
Skip non-qualifying items like some collectible or rare coins. This avoids IRS penalties.
Storage fees run 0.5% to 1% of your assets each year. Setup takes 1 to 2 weeks.
Your investments grow tax-deferred. This setup lets you diversify safely.
