July 8, 2023

Monarch Precious Metals Review 2023 - U.S. Private Mint Producing Silver Rounds and bars, Gold Rounds, and Copper Rounds and collectible items

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Who Is Monarch Precious Metals

Monarch Precious Metals was founded in 2008 as a response to the increasing demand for home storage of gold and silver bullion. They are currently located in Medford, Oregon and it is a family-owned and operated business owned and managed by Daniel Anthony. 

Monarch Precious Metals buys and sells silver, gold, and copper bullion. They pour and mint their own branded metals in various forms and collectible patterns. 

Monarch Precious Metals is not a Gold or Silver IRA Dealer. They are not a good option for those looking to source gold or silver with retirement savings. Get FREE Silver from The Plug's Number #1 Gold IRA Company when you qualify to open a New Precious Metals IRA. Interested? Click Here and we'll get you started

Monarch Precious Metals sells its own products online. In addition, they have a few additional items including junk silver, penny bags, and penny rolls available on their website. 

All purchase transactions are conducted online on their website.

www.monarchpreciousmetals.com and their local phone number is 1-541-414-1676 if you wish to contact them.  

Before we get started with Monarch Precious Metal Review:

It's tough to determine which precious metals dealer is reputable and reliable for your investment needs. The Plug aims to provide you with as much useful information as possible to shorten your decision-making process. The Best Gold IRA Dealers want to educate and inform their clients. We've broken down a list of the Top Gold and Silver IRA Companies for your review. 

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Monarch Precious Metals  Who is Monarch Precious Metals. Private US Mint located in Medford, OR

What Does Monarch Precious Metals Do?

As a private mint and refinery, Monarch Precious Metals produces its own unique bullion pieces to sell to other online retailers of precious metals and to offer to the public on its website. 

Here are a few examples of products you would see on the Monarch Precious Metals website:

Monarch Precious Metals Skull Copper Dice
Monarch Precious Metals Copper Dominoes Set
Monarch Precious Metals Silver Rounds for Graduation or Custom Engraving occasions.
Monarch Precious Metals poured silver arrowhead collectors item
Copper Rounds by Monarch Precious Metals
5 gram silver bar by monarch precious metals
Collectors Silver
Silver Skulls by Monarch Precious Metals

While Monarch Precious Metals initially started off as a coin dealer, they have grown to a full-service precious metals refiner and minting company. 

While they sell their product line on its website, they also buy precious metals and silver products they can melt to make more bars and rounds.

On their website, they indicate they will buy back any Monarch-branded product at 99% of the current spot price. They will also consider buying other bullion, but not guaranteed. The price for other branded items could be between 95% and 98% of the current spot price. You can request a buy price by opening an account and submitting a request via email. 

Monarch Precious Metals is not in the business to buy numismatics and rare coins. They are not interested in buying 90%, 40%, or 35% silver U.S. coins or any platinum or palladium. 

What are the Differences Between Private Mint vs. Sovereign Mint

Understanding the difference between private mints and sovereign mints will help you decide if the items produced are worth pursuing and purchasing. 

Private Mints:

Monarch Precious Metals Gold Round with .9999 fine gold
Golden State Mint Silver Rounds with .9999 fine silver

Private mints are privately owned, mints like Scottsdale Mint, Monarch Precious Metals, and Golden State Mint to name a few. These private mints transform raw precious metals through the refinery process to produce finished products for sale. Those finished products could be cast or minted gold or silver bars, silver, and gold rounds, and they even produce collectibles that interest the public including skull heads, arrowheads, copper dice, copper dominoes, and more.

When determining if a privately cast or minted item is worth buying you want to verify the purity of the precious metals. You are looking for purity levels of .999 for gold, .9999 for silver, and .9995 for platinum and palladium. 

In addition, items from private mints will sell based on their metals content and their premium. There is no face value for privately minting products. Rounds are often referred to as coins, but a coin is produced by a sovereign mint and has a face value. 

The premium attached to privately minted items is based on the cost to construct the item and expected demand. If you find an item priced below the current spot price of gold or silver, you should be cautioned to examine and determine the actual metal content before you buy. 

Sovereign Mints:

Bullion Coins for Retirement IRA The Perth Mint Australian Striped Marlin
Platinum 1oz Canada by The Plug

These mints are backed by the government issuing the coins. Sovereign mints are for example the U.S. Mint, The Perth Mint, The Royal Canadian Mint, and others. 

The primary difference between a private mint and a sovereign mint is the finished product. Private Mints produce rounds that have no face value and Sovereign Mints are coins that have a face value stamped on the coin.

If at any time gold or silver spot price would decline to $0 per troy ounce, a privately minted round would only have the value as a collectible. The silver or gold would be worth nothing. But, a coin from a sovereign mint will always have value as it is struck with face value. Therefore, a $1 silver or gold coin would be worth at least $1 for its entire life. 

An example of a coin produced in the U.S. would be the American Eagle Silver Bullion coin. These are produced by the U.S. Mint and circulated to retailers across the United States to sell into the market. The U.S. Mint does not sell bullion coins directly to the public, however, they will sell Proof sets and special minted coins not intended for circulation but for collectors. 

Current Offerings at Monarch Precious Metals

Monarch Precious Metals Feature Products

As previously mentioned, Monarch Precious Metals produces rounds, bars, and collector items. They often come out with a unique gift ideas, and they also offer supplies including coin holders and tubes. 

Silver Offerings:

monarch Precious Metals Silver 2 oz .999 fine silver cast bars
Monarch Precious Metals 1 oz Silver Rounds .999 fine
Monarch Precious Metals - 1 oz Blanks for custom engraving
  • Egyptian Series Silver
  • Silver Building Blocks
  • Silver Skull Rounds
  • Silver Skulls
  • Silver Bars
  • Silver Fractional and Oversize Rounds
  • Holiday & Occasion Rounds
  • 1 oz Silver Zodiac Rounds
  • Silver Skull Bars

Gold Offerings:

Monarch Precious Metals Gold Round with .9999 fine gold
Monarch Precious Metals Gold Rounds
Monarch Precious Metals Gold Rounds - one gram
  • 1/4 Gram .9999 Fine Gold Round - Lucky Horseshoe
  • 1/2 Gram .9999 Fine Gold Round - Four Leaf Clover
  • 1 Gram .9999 Fine Gold Round - Tall Ship
  • 1/10 oz .9999 Fine Gold Round - Heron Egret Crane

Is Monarch Precious Metals a Gold IRA Dealer

No, Monarch Precious Metals is not a gold IRA dealer. They do not sell gold IRA-approved coins or bars. It is not our recommendation that you choose Monarch's products to add to your gold or silver IRA. 

If you are interested in a self-directed IRA for your retirement savings, then check out our Gold IRA Companies drop-down at the top of the page. You can see who we recommend and you can click on the 5 Best Gold IRA Companies and review each. 

What is a Precious Metals IRA

A Precious Metals IRA, also known as a Gold IRA or Self-Directed Gold IRA, is a retirement investment vehicle that allows individuals to hold physical precious metals within their retirement accounts (IRAs). While traditional IRAs typically consist of stocks, bonds, and mutual funds, a Precious Metals IRA offers an alternative by including precious metals such as gold, silver, platinum, and palladium.

One of the primary reasons individuals choose to invest in a Precious Metals IRA is to diversify their retirement portfolios. Precious metals have historically demonstrated a unique ability to act as a hedge against inflation and economic uncertainty. When the value of traditional investments like stocks and bonds fluctuates due to market volatility, precious metals tend to retain their value and can even experience price appreciation.

To establish a Precious Metals IRA, you would need to work with a reputable custodian or trustee who specializes in these types of accounts. They will guide you through the process and assist with the necessary paperwork. Once your account is set up, you can fund it with either a direct transfer or a rollover from an existing retirement account.

Once the funds are in your Precious Metals IRA, you can choose to purchase physical precious metals, such as gold or silver coins or bars, through a precious metals dealer approved by your custodian. It's essential to ensure that the precious metals meet the requirements and purity standards set by the IRS.

It's worth noting that while a Precious Metals IRA offers potential advantages, there are also rules and regulations governing withdrawals and tax implications. Precious Metals IRAs are subject to the same contribution limits and distribution rules as traditional IRAs. Withdrawals made before the age of 59½ may be subject to penalties and taxes.

In summary, a Precious Metals IRA provides individuals with the opportunity to include physical precious metals in their retirement portfolios, offering potential diversification and a hedge against economic uncertainty. To get started, consult with a reputable custodian or trustee who can guide you through the process and ensure compliance with IRS regulations.

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How to Choose the Best Gold IRA Company to Start My SDIRA

When selecting the best Gold IRA Dealer, there are several key points to consider. 

First and foremost, research the company's reputation and track record. Look for a company with a solid history of customer satisfaction and positive reviews. It's also essential to assess the company's experience and expertise in the precious metals industry.

Find out how long they have been in business and if they have the necessary licenses and accreditations. Additionally, consider the storage options they offer.

A reputable Gold IRA company should provide secure and insured storage facilities for your precious metals. Transparency is another crucial factor to consider. Ensure the company is upfront about fees, pricing, and the process of buying and selling metals.

Lastly, excellent customer service is vital. Look for a company that offers responsive and knowledgeable support to address any concerns or questions you may have. By carefully evaluating these factors, you can choose the best Gold IRA company that aligns with your investment goals and provides a secure and reliable platform for your retirement savings.

Final Thoughts on Monarch Precious Metals

Our opinion of Monarch Precious Metals is they are a small minting facility that while producing primarily silver bullion and copper collectibles they are not the most favorable company to purchase a large quantity of IRA Gold Silver or other precious metals for collection. 

They have a niche, producing their own products and selling them to other online dealers for sale to the public and they sell their own products on their website. 

If you are into silver stacking, Monarch's products would be a good addition. 

For those looking at Monarch Precious Metals branded rounds and bars, they are a U.S.-made product and they are based in Oregon and not a China knockoff product. You should not overlook their product, but as a private mint be careful how much you spend on your metals. These rounds and bars should be priced just over the spot with smaller premiums. Make sure you understand how precious metals are priced and which products demand a higher premium. When stacking silver you are most concerned about buying silver rounds and bars as close to the spot price as possible. 

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