Penn Metals is one of the most established precious metals dealers today, selling various bullion bars, coins, and numismatics. This company gives access to easy-to-operate and well-stocked investment sources.
Keep reading to get to know more about Penn Metals.
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Penn Metals Highlights
Company Name: Penn Metals
Website: http://www.pennmetals.com/
Address: 3838 Oak Lawn Ave, Ste 1000 Dallas, Texas 75219, USA
Phone Number: (855) 832-76366
Company Established: 2013
Employees: 10-20
Products and Services Offered:
numismatics coins, bullion coins, bullion bar, e-commerce facility
Penn Metals: What Is It?
Penn Metals was established in 2013. This precious metals company is a trusted source for precious metals and rare coins. It offers a wide selection of bullion products and high-quality collectibles.
Some people thought Penn Metals operates in Philadelphia, but it is actually in the heart of Texas.
All precious metals product categories, such as gold, silver, platinum, palladium, and rhodium, are available at a fair and transparent price range. The metals dealer ensures its customers will have a rewarding experience when owning gold coins and precious metals by providing a superior value and service level.
Does Penn Metals Still Operate?
Penn Metals is no doubt an established and well-established source when buying or selling metals, from bullion coins to numismatics.
However, Penn Metals was closed down on December 9, 2017, because of the owner’s unpredictable and unforeseen personal health crisis. It no longer operates and accepts new orders effective that date.
Penn Metals processed more than 26,000 orders for more than 8,000 clients during the first ten months of 2016. The firm has expressed its appreciation for their support to the business.
While most of the clients’ orders were already shipped in full, some orders from the previous month are still open. Most of these open orders are due to presales of 2017 issues or ship in the next 5 days or past 10 days.
On the bright side, Penn Metals had an intern management team that handled all outstanding order fulfillment.
Pros and Cons:
Pros:
All products come with full insurance
Easy to navigate the site
All orders are shipped with a tracking number for each
The package is fully secured
Quick and easy payment methods
Positive reviews from clients from different parts of the world
Clients have the option to upgrade to overnight shipping
The bank account is safe and ensures quick transactions
Accredited with BBB and has an A+ rating
Welcomes comments, suggestions, and opinions to improve services
Cons:
No longer operates
Some clients still inquire whether their refunds or shipments were already completed
What are the Alternatives to Penn Metals?
Penn Metals take pride in being a trusted metals and rare coin source. However, since it is already closed, you may consider some alternatives like:
Augusta Precious Metals
This gold IRA provider offers gold and silver investments. The company was awarded an A+ rating by the Better Business Bureau and received great feedback from BCA, Trustlink, Google, and Facebook.
Goldco
Goldco is a precious metal company that specializes in delivering safe and comprehensive service. Aside from direct metals purchases, the firm also handles gold and silver IRAs. The CEO has expanded the business strategy by allowing the use of 401 (k)s to purchase cryptos.
American Hartford Gold
American Hartford Gold is a reliable investment firm specializing in IRA-approved metals. It also offers other products like collectible gold coins and bullions.
Conclusion
Penn Metals is a former wholesale precious metals broker, and in 2013, it started selling precious metals products at reasonable prices. The company puts emphasis on efficiency, transparency, and competitive pricing. It received positive feedback, reviews, and ratings from its clients. However, it has no longer operated since 2017.
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About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He's also a published author, and his views on investing have been featured in USA Today, Tech Times, The Huffington Post, Nasdaq, and many more.
