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Precious metals have maintained value throughout human history and are still associated with valuables such as jewelry, money, and luxury items. Financial institutions, over the years, created a lucrative trading platform for gold and other precious metals, which saw a significant increase in their prices.
However, the precious metal business remains unregulated, posing numerous financial risks to interested parties. The price of the metals may fluctuate based on a series of factors, including quality issues, inflation, and storage charges.
The Nationwide Coin and Bullion Reserve is a reputable institution that deals in the trade of precious metals. The company has been around for over a decade and is cited by various investment firms for offering several investment opportunities, especially for retirement schemes. This article gives an overview of the Nationwide Coin and Bullion Reserve and its benefits.
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About Nationwide Coin and Bullion Reserve
Nationwide is one of the largest precious metal trading firms in the United States, which works with coins issued in domestic and international markets. Nationwide Reserve aims to attract more clients and help them secure a hopeful future by diversifying their financial holdings to mitigate the threat of global economic instability.
Precious metal products constantly increase intrinsic worth, but paper money diminishes owing to rising inflation, deflation, an unclear economic future, and changing governments. Rare metals-based products are less susceptible to global currency fluctuation. Hence, precious metals are considered one of the safest investments for perceptive stakeholders.
The company’s executives have a combined experience of over 100 years in precious metals knowledge. Therefore, the staff is more than qualified to steer customers into a profitable position in gold, silver, and platinum. Moreover, the firm engages with various investors from Europe regardless of their experience in the field. Nationwide Reserve offers the following product services:
Gold
Nationwide Coin and Bullion Reserve provide each customer with a single-ounce American Gold Eagle and a single-ounce gold bar for their gold IRA. The American Eagle coin depicts Liberty, symbolizing America's concept of freedom and a family of eagles for peace.
The American Gold Eagle coin is likely the most popular investment-grade currency in the United States and competes favorably well in other countries. Therefore, you can only receive one because they have a limited supply.
They have a $2.5 Indian Head Quarter Eagle coin that was designed in 1908 and reissued in 1929. Lyon Pratt's profile is on one side of the coin, the American motto, "E Pluribus Unum," on one side, and 13 stars representing the American states depicted on the other side.
The 2020 Mayflower P70 Cameo is retailed by the firm and has a historical image of the Mayflower Voyage. Don Everhart, Nationwide's chief sculptor, designed the coin to commemorate the event's 400th anniversary. Other Everhart gold bullion designs sold by Nationwide Reserve include:
The pricing of the various gold coins varies; however, the firm frequently maintains its stock even when it is sold out. Generally, this assists clients in understanding what to expect from Nationwide Reserve both now and in the future.
There is only one 28.6-gram gold bullion bar for sale on the Nationwide Coin and Bullion Reserve website. The bullion bar is 999.9% pure gold and is retailed for around $1800.
Precious Metal Individual Retirement Account
Individual Retirement Accounts (IRAs) protect your retirement and your family's financial stability. This enables you to put money aside in these tax-advantaged accounts for future use. To ensure a safe future, it is critical to allocate a significant portion of these long-term funds to reliable and sturdy assets.
Although cash in an IRA is possible, it depreciates quickly due to unpredictable inflation rates on various currencies. Ideally, gold is the best asset for this since it is reliable, retains its value over time, and even grows in value.
The world economy is struggling due to lockdowns, shortages, conflicts, and inflation, and investors are safeguarding themselves by storing physical gold in IRAs. These economic crises, which negatively influence most other assets, boost gold investors.
Nationwide Coin and Bullion Reserve provide clients with an IRA platform to safeguard their futures. However, there needs to be more information provided by the company about its IRA financial framework or the benefits it offers compared to other institutions.
Silver
Nationwide Reserve offers about five distinct silver and gold bars. Despite the limited selection of silver goods, there are numerous rare coins that you won't find at other gold dealers.
Their 28.6-gram silver American Eagle is almost a replica of the American Eagle coin in gold. A walking Liberty lies on one side, characterized by an olive branch in her hand and the stars of the United States on her veil. The other side of the coin is Eagle, a symbol that stands for American freedoms and rights.
The historic Adolph Weinman-designed Mercury Dime was minted from 1916 to 1945. The coin features Liberty and the Roman god Mercury on one side and olive trees encircling fasces on the other. The currency was used during significant historical periods such as the Great Depression and World War II.
To commemorate the assassination of President John F. Kennedy, the Kennedy Silver Half Dollar was created. On one side of the coin, the silhouette of President John F. Kennedy can be seen, while on the other, an eagle is featured, which signifies America's resilience. In 1964, a month after the president's death, the coins were struck and circulated for the first time.
Nationwide Coin and Bullion Reserve stock only one silver bar, which can be purchased on their website. The 286.4-gram silver bar is 999.9 pure and has unique front and back designs.
Platinum and pre-1933 coins
Nationwide Coin and Bullion Reserve claim to be a top supplier of platinum, gold, and silver. However, their website only has provisions for gold and silver and lacks one for platinum. The presence of out-of-stock products in their inventory indicates that they have yet to offer any platinum but will do so in the future.
The online platform shows only three gold coins from before 1933. However, if you look through other categories, they also offer 50-coin rolls of pre-1933 silver coins and one other type of 20th-century coin. It would be best if these could all be grouped.
These coins are American collectibles from the 19th and 20th centuries that are often sold in the rare coins area of precious metal stores that deal in numismatics. Moreover, it’s common for pricing to be absent in establishments that offer numismatic special metal coins.
How to Purchase Products From Nationwide Reserve
The company's website is the best way to reach them, though there is also a phone number and a contact form. The first page of their website is the product section, allowing you to place your order. Extra options are available for pre-33 gold, silver, and gold coins; pre-33 gold is an assortment of rare coins.
Afterward, you can select the coins or bars and add them to your shopping basket, prompting you to checkout. Your name, address, phone number, and mailing address are compulsory for the billing form.
Other than the actual price of your product, there are delivery expenses with a range of payment options. Nationwide Reserve tends to deliver your precious metals within eight days, which you can countercheck out right away from their cart.
Nationwide employs FedEx to deliver the precious metal products to the buyer as soon as the purchase is approved and payment is received. The customer is notified and given a tracking number when an order is shipped. This provides the clients with peace of mind so that they may trace its progress until it arrives at their door.
Potential customers can engage Nationwide through the firm’s home page by submitting their information. You will then receive two subscription-based publications, a free gold IRA manual, and a free subscription to their products.
Pricing and Insurance
Nationwide Coin and Bullion Reserve offer products based on the prevailing market forces. Therefore, the price of various products may fluctuate at any particular time based on supply and demand.
A government-issued $50 one-ounce gold American Eagle coin goes for approximately $1,736. One-ounce Silver Eagle coins cost $22, and one-tenth-ounce Gold Eagle coins cost $148.00.
FedEx operates as the sole distributor for all items from Nationwide Reserve. FedEx ensures all of the things, and Merchants Bonding facilitates bonding. Normally, a customer will be notified of the shipment of the items by phone or email.
Consumer Concerns
Numerous complaints have been lodged against Nationwide Coin and Bullion Reserve. The claims allege that the firm inflates its yields and provide untrustworthy and misleading information. In addition, the company attempts to satisfy customers' requirements that are beyond its budgetary capability.
Several customers have left reviews on various sites claiming that they paid for products but never received them or that the goods they received were damaged. Unsatisfied clients have also highlighted unreported payments and credit card fraud.
Transportation of goods from Nationwide Reserve's stores to the consumer tends to take more time than expected, often resulting in the misplacement of the goods. Complaints have highlighted that even after product purchases were canceled, the firm carried out a series of transactions.
Interested parties may take time to comprehend what this organization is all about. This may be due to the company’s unique listing of American Eagles to its easy providing of investment advice. Instead of providing the facts up front, they place a high value on the consumer contacting them for additional information.
Several clients have raised serious concerns regarding how Nationwide deals with its clients. It's alleged that the institution may mishandle some clients on occasion and that the information provided by various parties needs to be adequately protected.
You may be disappointed if you're a retirement investor looking to open a gold IRA with Nationwide Reserve. Even though it’s yet to be determined how many retirement account purchases they facilitate, having a single statement in the core part of their website devoted to IRAs does not inspire trust.
Retirement investing is, after all, a long-term activity comparable to precious metals investment and should be noticed by the facilitator. When combined with the portions of their website that need to be completed, the company comes off as far less professional than the feedback says.
Current and Future Prospects
Through their blog section, Nationwide Reserve highlights several emerging issues concerning the trade of precious metals. Interest rates are rising, and the Federal Reserve has stated that it intends to raise them further to keep inflation under control.
In March, the Fed began raising the fed funds rate, which serves as a benchmark for overnight bank lending. The price of gold since then has fallen from $1,900 to the present $1,700 per ounce, and financial markets anticipate further increases. However, history reminds us that gold does well with rising interest rates in an inflationary economy.
The fed funds rate had increased to 11% by 1980 because of the stringent money rules imposed in the 1970s. The 1980 recession, on the other hand, prompted gold prices to skyrocket. In August 1979, gold was priced at $310 per ounce, and by December 1980, the cost of gold had risen to $594 per ounce.
This demonstrates that the correlation between interest rates and gold is non-linear. In addition to interest rates, economic trends, supply and demand, geopolitics, currency exchange rates, and investor risk appetite all influence the price of gold.
Counterfeiters today routinely employ 3-D printers to create false articles of ancient and medieval golden jewelry. Although fake, these pieces are frequently auctioned and end up in the collections of wealthy families and museums. The resolution of 3-D printers has improved over time, encouraging counterfeiters because it's more difficult to detect fraud.
Another advantage for counterfeiters is that museums have reduced the number of expert curators, enabling fakes to enter museum collections easily. The Anti-Counterfeiting Educational Foundation reports that counterfeiters sell bogus gold and silver coins to unsuspecting purchasers on Amazon, Facebook, and their websites.
On the internet, Chinese forgers are selling counterfeit silver and gold coins that look exactly like the real thing. These forgers have been discovered to imitate the most popular gold and silver bullion coins, including South African Krugerrands, American Eagles, and Canadian Gold Maple Leaves. Inexperienced coin collectors may identify fake coins by examining the inscriptions, weighing the coin, or measuring the coin’s proportions.
Are they a Scam?
Although there are numerous gaps in how Nationwide Reserve conveys information about its endeavors, the firm is still a reputable business. With the rapid technological developments, a company in the financial sector should at least spend a little towards creating a suitable online platform.
Investors looking for opportunities either for retirement or as a safety net for these trying economic times can check out Nationwide Reserve. However, it would help if you tempered your expectations because the firm has yet to disclose several crucial pieces of information about its operations.
Nationwide Coin and Bullion Reserve is a solid company and certainly not a scam. Nevertheless, we do not recommend them as one of our top companies, because we think there are better!
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