Scottsdale Bullion and Coin Review

Scottsdale Bullion and Coin Review

Lear Capital Review

Scott R. Hillford

Author & Founder Gold Is Money 2

Disclaimer: Some or all of the companies reported here may provide compensation to us, at no cost to our readers. This is how we keep our reporting free for readers. Compensation and detailed analysis are what determines how companies appear on this website.

Scottsdale Bullion & Coin (SBC) is a reputable online marketplace where you can buy and sell precious metals. Headquartered in Scottsdale, AZ, the business dates back to 2011. SBC aims to connect discerning consumers with highly pure precious metals and precious metals investments.

Experts recommend that investments in precious metals account for 5% to 15% of total assets in your portfolio. A precious metals IRA makes these investments possible. Investments earn tax-deferred earnings you can withdraw without taxes or penalties at a later date.

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.


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What exactly is SBC. 

SBC is an Arizona-based precious metals marketplace. They offer brick-and-mortar, telephone, and online sales of IRA-eligible gold and silver bars and coins. They also have their own precious metals IRA.

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They have an extensive team that includes the company founder, Eric Sepanek. The remainder of the team boasts 12+ unique individuals. Like the founder, team members have extensive experience in precious metals appraising, purchasing, and sales.

Scottsdale Bullion and Coin Review - Website

Other team members serve as customer advisors. They offer articles and video tutorials on using gold to build a portfolio that withstands political and market volatility. SBC is a BBB-accredited institution with an A+ rating and a five-star rating from customers.

Scottsdale Bullion and Coin Review - Ratings

How to Get Started With SBC

There are two ways to get started with SBC. If you’ve already done your due diligence, then you can open and fund your SBC precious metals IRA within a matter of minutes. If you’re still in the research phase, SBC offers a free Precious Metals IRA guide.

Receipt of the guide requires a valid phone number. A trained SBC consultant will reach out to you and discuss your options. You can set up, fund, and start investing in record time.

The SBC Precious Metals IRA Explained

A precious metals IRA is a self-directed IRA (SDIRA), a type of Roth IRA. Annual contributions consist of post-tax dollars. Contributions grow tax-deferred. You can make tax- and penalty-free withdrawals when your account reaches 5 years old and you’re at least 59½.

With a SDIRA, you decide what qualified investments you want to make. You can buy and sell at will, making changes within your account without sales taxes or penalties. Most traditional brokerage and investment firms don’t support the precious metals IRA.

They only offer IRAs with which you can invest in their list of preferred, traditional products: stocks, bonds, mutual funds, and ETFs. A SDIRA allows you to invest in precious metals with your IRA, purchasing IRA-eligible precious metals from a respected broker like SBC.

How Do You Fund a Precious Metals IRA?

Fund your SBC precious metals IRA with money from your existing retirement accounts. If you already have an IRA (Traditional, SEP, Roth, or Simple), you can have these funds transferred from their existing custodian to an IRS-approved precious metals IRA custodian. SBC furnishes new account holders with its list of preferred custodians.

Scottsdale Bullion and Coin Review - Precious Metals IRA

If you have a 401(k), a 403(b), or a 457(b), you can use any of these accounts to perform a rollover. Direct rollovers entail transferring funds directly from a 401 to an IRA. With an indirect rollover, your plan administrator cuts a check payable to your SBC precious metals IRA.

Rollovers and transfers completed within 60 days don’t incur taxes or penalties.

SBC Company Promise

Once you fund your SBC precious metals IRA, you’re ready to start making purchases. SBC has several guarantees in place to encourage peace of mind and confidence in their products. They don’t entertain any hidden fees of any kind.

Their team of advisors includes knowledgeable precious metals experts with more than 100 years of combined experience. Live precious metals price charts, forecasts, and educational resources like podcasts, video tutorials, and blogs give investors plenty of info to make informed decisions.

What Precious Metals Products Does SBC Sell?

SBC sells collectible and IRA-eligible precious metals products, including gold, silver, platinum, and palladium. Choose between bars or coins.

Bullion: Bars and Coins

SBC’s inventory of gold and silver bars and coins meets IRS standards of purity values for inclusion in an IRA. To be IRA-eligible, gold, silver, platinum, and palladium must have purity values of .995, .999, .9995, and .9995.

Scottsdale Bullion and Coin Review - Products

Fortunately, SBC categorizes its inventory for you, grouping IRA-eligible inventory in the same place. Bullion coins and bars are both collectible and, in many cases, legal tender. They undergo minting for use in general circulation. They enjoy enormous popularity among collectors and traders around the world.

Proof: Coins

Proof coins are the product of special minting processes using unique dyes. The coins receive special polishing and prep and come in special packaging designed to maintain the coin’s integrity and appearance. Proof coins come with certificates of authenticity.

Their numismatic value far exceeds their face value. Most gold-proof coins from the U.S. Mint sell for thousands of dollars more than their actual face value. Purchase of bullion or proof coins or bars from SBC comes with:

  • Free precious metals investors kit
  • Cost-free consultation service
  • Professional market reports
  • Investment strategy, platform

Numismatics

SBC’s inventory also consists of items with tremendous numismatic value. This type of value doesn’t depend on production cost, metal content, or actual value. Rather, the value of a numismatic coin derives from its condition, its rarity, and its demand.

In some rare cases, collectible rare coins aren’t subject to confiscation by the government. Consult the Numismatic Guaranty Corporation and the Professional Coin Grading Service for more info.

Resources for Investors

Potential and current SBC investors have access to many wonderful resources on the company website. The live chat is always available. You can initiate a conversation, ask questions, or probe for guidance.

Live price charts for gold, silver, platinum, and palladium are accessible from every page on the website. The charts include spot prices and history. You can adjust the spectrum of dates to get historical prices from a specific period.

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A Brief Note on Spot Prices

SBC goes so far as to publish spot prices for gold per kilogram, gram, and ounce. Spot prices and gold futures all affect gold prices from moment to moment. The London gold fix price, supply/demand, and gold dealers all also impact gold prices.

Other key factors affecting gold prices are inflation, global crises, central banks, and industry. Evaluating this complex info to make investment decisions is daunting. That’s why SBC’s team of experienced advisors is so important.

SBC Gold Bullion and Coins

SBC’s selection of gold contains some of the most popular collectible gold bullion and proof coins and IRA-eligible items. After funding your SBC precious metals IRA, you can start investing in the products mentioned below.

The American Gold Eagle Coin

First introduced in 1986, the bullion and proof versions of this coin remain highly prized and sought after.

Backed by the U.S. Mint, this coin has a purity value of about 91.7%. Available in 1/10-, ¼-, ½- and 1-ounce denominations, this coin's perceived value far exceeds its actual value.

The American Gold Eagle coin is an example of an IRA-eligible gold product with a purity value of less than the required .999%. The law requires that this coin consist entirely of domestically-sourced gold. It has some silver and copper alloy to enhance resistance to wear.

Scottsdale Bullion and Coin Review - American Gold Eagle Coin

Here’s a list of other IRA-eligible gold, silver, platinum, and palladium products available from SBC.

IRA-Approved Gold

  • American Buffalo Gold coins
  • Australian Kangaroo/Nugget Gold coins
  • Australian Lunar Series Gold coins
  • Austrian Philharmonic Gold coins
  • Canadian Maple Leaf Gold coins
  • Chinese Panda Gold coins
  • British Britannia Gold coins
  • Credit Suisse, PAMP Suisse, Valcambi, Royal Canadian Mint gold bars

IRA-Approved Silver

  • American Eagle Silver coins
  • Australian Koala Silver coins
  • Austrian Philharmonic Silver coins
  • Canadian Maple Leaf Silver coins
  • Mexican Libertad Silver coins
  • Royal Canadian Mint, Valcambi, Suisse PAMP, Credit Suisse silver bars

IRA-Approved Platinum and Palladium

  • Isle of Man Noble Platinum coins
  • American Eagle Platinum coins
  • Canadian Maple Leaf Platinum coins
  • Valcambi, PAMP Suisse, Credit Suisse platinum bars
  • Canadian Maple Leaf Palladium coins
  • Johnson Matthey, Credit Suisse, Valcambi, PAMP Suisse palladium bars

IRA Investing: Ineligible Precious Metals

Thorough, attentive precious metals dealers featuring a precious metals IRA always clearly identify their IRA-eligible inventory. SBC goes one step further. They furnish a list of precious metals that are ineligible for purchase with an IRA.

The list is short but informative. It provides a quick, easy-to-understand reference whenever you’re not certain that your purchased precious metals are IRA-eligible. For example, although the British Britannia Gold coin is eligible, eligibility does not apply to British Britannia Gold coins minted before 2013.

Introducing the Checkbook IRA

SBC distinguishes itself from the competition by offering a checkbook IRA. Another type of SDIRA, the checkbook IRA entails owning an LLC with an IRA. This setup allows you to link an IRA-owned LLC with an LLC checking account, giving you the power to make decisions about investments without consulting your IRA custodian.

Control, speed, freedom, and flexibility are the major benefits of a checkbook IRA. Like any SDIRA, a checkbook IRA includes access to a huge array of investments with which you can maximize portfolio diversification, such as paper gold, real estate investment trusts (REITs), and promissory notes. Managing your own purchases and sales eliminates custodial transaction fees, too.

Our Rating

Pros & Cons

SBC has many great perks and benefits to its credit. Its selection of bullion, proof, bars, and rounds in gold, silver, platinum, and palladium is quite vast. Account transfers and rollovers from existing retirement accounts make it easy and timely to fund your SBC precious metals IRA.

Seize the option of buying, selling, or trading bullion via the company website. You can also complete transactions in person if you live near Scottsdale. SBC publishes an extensive library of resources to help customers complete due diligence before investing or trading.

A handful of past complaints suggest that SBC’s buyback prices leave something to be desired. It’s helpful to remember that spot prices are in a constant state of flux. There’s always the possibility that spot prices rise and fall unexpectedly. SBC provides live charts on its website to help investors better determine the most opportune time to hold or sell.

Verdict

Is Scottsdale Bullion & Coin a Scam?

Scottsdale Bullion & Coin is a legitimate seller and buyer of premium precious metals. The company’s official online BBB file and accreditation confirm its legitimacy. Its team members’ bios and photos are available and searchable on its website.

They also have hundreds of Google customer reviews and an average customer score of 4.8 out of five stars. Close to 99% of the reviews are positive. Past and current customers praise SBC for its transparency, helpful team, and easy purchase process.

Let our expertise and analysis help you before you invest your savings by reading our list of the best companies!

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