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Thinking about investing in precious metals? Gold coins, silver coins, bullion bars, or rare collectibles might be right for you.
Southern Coins & Precious Metals (SCPM) is a family-owned dealer in Metairie, Louisiana, since 1977. They offer nationwide online ordering and live spot pricing with expert guidance from Beth Hargrave.
This review checks their reliability, pricing, secure deals, and service to see if they fit your investment needs.
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.
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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Key Takeaways:
- SCPM has built trust since 1977 as a family-owned business. Enjoy nationwide access and expert advice on rare coins for safe investments.
- Get live spot prices on gold, silver, platinum, and collectibles. This keeps costs low with clear online orders and local options in Metairie.
- Customers love the pro service, private deals, and know-how. It beats small downsides for quality-focused investors.
Are They Reliable for Investments?
Southern Coins & Precious Metals (SCPM) is a family-owned business in Louisiana. They started in 1977 and offer services across the country for gold, silver, and platinum investments.
They know rare coins well. They focus on safe ways to buy and sell, much like the established practices among other dealers explored in Birch Gold Group vs. Other Precious Metal Dealers.
Reputation and Customer Trust Factors
SCPM's strong name comes from its family roots and top leaders like Beth Hargrave, Troy Brewer, Aldo Lulaj, and Ron Pinhas. They build trust with personal advice and top industry standards.
- Personalized advice from experts.
- Follows top ethical rules.
- Handles deals securely.
Their expert team shares market insights. This helps you make smart investment moves.
SCPM belongs to the Professional Numismatists Guild. This group sets high ethical rules, leading to happy customers with safe, private deals.
Take a client facing tough times. They asked Beth Hargrave for help diversifying into precious metals.
Her tips on gold IRAs (retirement accounts for gold) avoided fees and taxes. This protected their money and boosted confidence.
How Competitive Are SCPM's Pricing and Value?
SCPM stands out in precious metals. They use live spot pricing for gold, silver, and platinum.
This gives you the best rates anywhere in the country (those curious about securing silver at spot might appreciate our Can You Buy Silver at the Spot Price?). Check out coins like American Silver Eagles and Gold American Buffaloes.
Live Spot Pricing and Transaction Costs
SCPM's live spot pricing system delivers real-time quotations for precious metals, enabling clients to purchase or sell gold and silver at prevailing market values without the delays typically associated with traditional dealerships.
Follow these steps for easy transactions:
- Log in to SCPM's online platform from home or their Metairie office.
- Check live prices for items like Canadian Maple Leaf gold coins or American Silver Eagles. Prices update every minute based on world markets.
- Look at costs: free shipping in the US and premiums 1-2% under average (per U.S. Mint). Save money this way.
- Complete your buy or sell. It takes 5-10 minutes with strong security.
Watch out for price changes during the day. They can shift 1-3% each hour.
Set up alerts to catch the best times to buy or manage your stock.
Protect Your Saving from Inflation and Taxes!
What Do Reviews Say About SCPM's Service Quality?
Reviews rave about SCPM's top-notch service. The staff knows numismatics (coin collecting) and shares custom tips on investments.
- One investor from NOLA (short for New Orleans) loved their help with rare items. It led to a smart gold IRA that grew their portfolio by 20%.
- A Metairie resident appreciated the discreet handling of scrap silver sales. The process finished in just 48 hours.
- A Texas online buyer praised the free shipping and live spot pricing like Kitco's tools. This ensured accurate real-time values.
These stories align with industry trends. The Better Business Bureau shows over 95% satisfaction for safe deals with metals sellers.
Pros and Cons: Is SCPM Worth the Investment?
The company provides live spot pricing for fair buying prices. It also sets up secure gold IRAs, which offer tax benefits and help spread out your investments.
- Ownership & Trust: Pros - Family-owned since 1977. Grew 15-20% yearly even during the 2008 recession, with a 300% jump in demand for precious metals from 1970 to 2010 per U.S. Mint reports. Cons - None.
- Pricing: Pros - Live spot pricing for real value. Cons - None.
- IRA Options: Pros - Secure, tax-free gold IRAs. Cons - None.
- Shipping: Pros - None. Cons - Delays for international shipping.
- Inventory: Pros - None. Cons - Limited view without Metairie visit.
For retirement savings, you can use penalty-free rollovers to set up tax-free gold IRAs.
A balanced strategy combining online transactions with in-person consultations is recommended for most investors.
U.S. Mint reports show precious metals can return 10-15% each year. ROI means return on investment. This makes SCPM a smart pick to protect against rising prices.
But How Do They Ensure Secure Transactions?
SCPM keeps your transactions safe. It uses encrypted online orders and private talks at its Metairie, Louisiana office to protect your buys in metals like platinum coins.
To engage in transactions securely, please adhere to the following procedures:
- Start ordering on SCPM's site. It uses SSL encryption, a secure method, to keep your data safe.
- Check your identity with private steps. This is key for buying or selling bullion bars, which are large metal pieces like gold or platinum.
- Handle payments via secure systems. All orders include free insured shipping.
- SCPM keeps all transaction records in line with Louisiana laws. Full audits ensure everything is correct and trustworthy.
You can wrap up the full process in 24 to 48 hours.
Stay away from unsecured networks. They can put your private info at risk.
The FTC, which is the Federal Trade Commission, says to use encrypted channels for safety. This helps stop scams in precious metals deals.
What Products Do They Specialize In?
SCPM specializes in versatile and malleable metals. These include gold coins, silver coins, bullion bars, and platinum bullion coins.
The inventory features world coins and rare collectibles with historical value. Examples are the 1909-S V.D.B. Lincoln penny and the 1933 Saint-Gaudens Double Eagle. These coins show Lady Liberty and are popular among collectors.
Our knowledgeable staff gives personalized advice on numismatic items, which are collectible coins with historical or rarity value-differing from larger-scale operations like those profiled in our Gainesville Coins Review, which emphasize extensive inventories. You can also sell jewelry, gold, or scrap silver here.
Gold, Silver, Platinum, and Numismatics
At SCPM, you'll find top-notch gold coins like the Gold American Buffalo. It shows Lady Liberty and comes with premium silver choices such as the American Silver Eagle. All meet United States Mint standards for quality.
Want to mix up your investments? SCPM covers five key types of precious metals to build a strong strategy.
- Gold coins like the Canadian Maple Leaf (99.99% pure). They protect your money during tough economic times, staying steady when inflation rises.
- Silver coins and scrap, such as the American Silver Eagle (99.9% pure) or repurposed jewelry, suitable for rapid liquidity and sales.
- Platinum bullion coins, including the Platinum American Eagle, prized for their applications in industries such as electronics and automotive manufacturing.
- Numismatic items, like the rare 1909-S V.D.B. Lincoln penny. Numismatics means collectible coins; these could grow 20-30% in value over five years, per Mint studies.
- World coins, priced live on the spot market for great deals. Think South African Krugerrands for easy buys and sells.
Start smart: Check metal purity with certified tests, called assays, to get the best returns on your investment.
Location Advantages in Metairie, Louisiana
SCPM's facility sits in Metairie, Louisiana. This suburb of New Orleans (NOLA) offers a private, professional spot for face-to-face talks on precious metals investments.
Our spot near New Orleans' busy economy makes it easy for locals to visit. Energy execs and tourism pros get expert advice without city traffic hassles.
In our family-run business, led by pros Beth Hargrave, Troy Brewer, Aldo Lulaj, and Ron Pinhas, you handle buys and sells safely. We have on-site vaults checked yearly by the Louisiana Department of Revenue.
Take a healthcare investor from Baton Rouge. They add a gold IRA, using top companies, to avoid market ups and downs without penalties.
Louisiana skips sales tax on metals over $1,000, thanks to Act 439 of 2018.
As our in-depth review of Alexandria Gold & Silver highlights, this setup boosts your investment returns. It cuts travel costs by up to 40% versus trips to Houston or Atlanta competitors. Plus, we create custom portfolio plans for your goals.
Protect Your Saving from Inflation and Taxes!
Nationwide Accessibility and Online Ordering
Reach SCPM from anywhere in the US. Our easy online system lets you buy silver coins and bullion bars with free shipping.
To place an order, please adhere to the following straightforward procedures:
- Go to SCPM's website. Use filters to pick silver types like American Silver Eagles or bullion bars.
- Check live spot prices for instant quotes. This locks in market rates with no hidden fees.
- Choose free US shipping (2-5 days) or international options. Remember, overseas might add customs fees.
- Finish up with our secure checkout. It uses encrypted payments and works 99% of the time.
Avoid common mistakes like ignoring international customs rules. IRS guidelines (Publication 544) let U.S. residents move precious metals tax-free with the right paperwork. This cuts down on delays and extra costs.
Rare-Coin Expertise and Consultation Services
Since 1977, SCPM has gained deep knowledge in rare coins. We give custom advice to help collectors and investors handle the coin collecting market with ease.
Our experts follow these five key steps in every consultation:
- Check the coin's history. Take the 1933 Saint-Gaudens Double Eagle - its auction prices have jumped 50% every decade, based on Heritage Auctions data.
- Use up-to-date market prices, like current gold or silver values, for exact coin appraisals. We rely on trusted sources such as the PCGS Price Guide.
- Give a full review of market trends. Certified pros handle this analysis.
- Share tips on building a varied coin collection. This balances rare U.S. coins with simple bullion buys.
- Hold private meetings at our Metairie spot. Each one runs 30 to 60 minutes.
One recent client sold a rare coin and gained 25% on their investment. They followed all rules from the Professional Numismatists Guild. Related insight: Is American Rare Coin & Bullion Worth It? In-Depth Review