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Universal Coin & Bullion: Is This Business a Scam?
If you are looking for a brick-and-mortar store or an online resource to purchase your precious metals and rare coins, then you can be sure Universal Coin & Bullion can handle your needs.
Universal Coin & Bullion has been in business for approximately 31 years and has been Accredited Business through the BBB since October of 1995.
Dr. Mike Fuljenz is the CEO of Universal Coin & Bullion and has been in the business of rare coins and numismatics for several decades. His love of finding rare coins and valuing precious metals started when his grandfather gave him his first coin for getting good grades in school.
Dr. Mike started off as an educator working his way through school districts but his love of coins, education in the industry, and knowledge eventually got him recognized and a job offer to value numismatics in Colorado.
That offer led him to become a recognized expert in the field and eventually, he opened up Universal Coin & Bullion in Texas.
Universal Coin & Bullion is a full-service precious metals company that, while they have access to newer gold and silver coins and bars, predominantly deals in the rare coin and numismatics of the precious metals industry.
Certified and authorized dealer:
- NGC (Numismatic Guaranty Corporation) Authorized Dealer
- National Coin and Bullion Association Member
- Official Red Book Contributor 71st Edition
- P.N.G / APMD Accredited Precious Metals Dealer
- Royal Canadian Mint Dealer
Dr. Fuljenz has received numerous awards and is known as "America's Gold Expert" and in 2021 was recognized as the Dealer of the Year by the American Numismatic Association (ANA).
Having extensive knowledge and expertise Dr. Fuljenz and his staff have been able to provide novice and expert coin collectors and investors with detailed knowledge and information to make informed decisions.
Here are a few offerings by Universal Coin & Bullion. These pieces can be found under the offers tab on their homepage. ** subject to change so check out their website to get more updated information.
2022 $50 American Gold Eagle
1 Troy Ounce, .9167 Fine Gold Coin
2022 1 oz American Gold Buffalo
American Gold Buffalo
.9999 fine gold bullion
1 Troy Ounce
2022 1 oz Canadian Gold Maple Leaf
.999 fine gold
1 Troy Ounce
Universal Coin & Bullion Has A Large Selection of Gold and Silver Coins to Choose From
When you head over to the Universalcoin.com website you will find a LARGE selection of coins and Numismatics to choose from.
The benefit of shopping online is you have the price for the product right in front of you when you add the gold or silver to your checkout.
Here are a few options currently being offered. Check out the website to get all the current offerings available.
Gold Coin & Bar Options
Silver Coin & Bar Options
What Other Products Does Universal Coin & Bullion Carry?
Silver Bullet - 1 oz and 2 oz Silver Bullets
Common-date coins - Rare Key Dated Coins
- Hand Picked
- These are High-Grade mint-state Coins
What Payment Methods Does UCB Accept?
- Paper Check - Personal Checks, Business Checks, Cashiers Checks, and Money Orders are acceptable means of payment. Checks are held between 10 and 15 days prior to release of the product.
- Credit Card - UCB accepts all major credit cards for online orders less than $1,000
- Bank Wire / Bank-to-Bank Transfer Payment - Minimum order requirement is $1,000 or more for Bank Wire. Prices are locked in when an order is placed.
What Other Services Does Universal Coin & Bullion Provide?
UCB and Dr. Mike Fuljenz are highly recognized as numismatic and rare coin experts. You can find a list of the accolades for Dr. Mike on their website but his information can be found in various books, television, video, and professional organizations. If you need to value a coin or sell your rare coins Universal Coin & Bullion is a reasonable choice.
Buy Gold or Silver - large selection of offerings from coins to bars, and junk silver
Sell Gold or Silver - UCB offers information for purchasing coins along with educational flyers for understanding the valuing process of rare coins and Numismatics.
Is Universal Coin & Bullion a Scam?
No, UCB (Universal Coin & Bullion) is not a scam. They are a retail precious metal company that operates both online and in a location in Texas. They specialize in rare coins and Numismatics while offering a variety of gold and silver rounds and bars in varying levels of condition. Universal Coin & Bullion certify using the NGC and PCGS grading guidelines. The Sheldon Grading Scale is used based on a 70-point numerical scale when determining a coin's proper rating and value.
The reviews are in and Universal Coin & Bullion is a viable business to purchase your gold and silver bullion. While all companies have issues and sometimes complaints, it appears that UCB too has mixed of very popular and happy customers along with those who were not as happy with their experience.
Should you consider UCB for your next purchase consider they have an A+ Rating by the BBB with 5 reviews and 24 reviews on Universal Coin & Bullion Facebook Page.
We typically look at two to four different sites with reviews and information to provide our readers with a clear understanding of how others feel about the companies we are reviewing. Here is the information we found from the BBB and Facebook. We looked for more information on Trustpilot and TrustLink and weren't able to find the company listed. A Yelp listing was found and information was presented below.
The Trustpilot website recognizes the company name but mentions that you cannot leave a review as the website has been closed. In the Wayback Machine Archives, we found the website universalcoin.com has been in existence since May of 2001. Therefore we cannot determine why the Trustpilot site states the website is closed.
Trustlink recognizes the company in its system out of Beaumont, Texas. However, there are no reviews and no comments about the company.
Yelp has Universal Coin & Bullion rated as 2.5 out of 5 Stars with 3 Reviews. With Yelp businesses cannot pay to alter or remove their reviews. Therefore if a business is not satisfied it cannot alter or remove any negative comments.
Google Business Profile - Google provides businesses the opportunity to list their business in a local directory. This gives the business a chance to attract local customers. The Universal Coin & Bullion page shows 39 Google Reviews and a 3.9 out of 5-star rating.
Please check out the information we have provided. It is not all-inclusive and you, as the buyer, should complete your own due diligence before purchasing with any gold or silver seller online.
The Better Business Bureau has Universal Coin & Bullion rated as an A+ and Accredited Since 10/1/1995
They have a 3.4 out 5 rating
They have 5 Customer Reviews
6 Customer Complaints closed in the last 3 years
0 Complaints closed in the last 12 months
Complaints Found on BBB Website
Reviews Found on BBB Website
24 Reviews on Facebook
4.7 out of 5 Stars
Note: Facebook appears to have several bogus-style recommended posts regarding Bitcoin and using an email address for WhatsApp. We didn't count the total of these types of reviews, but you should consider all information before making a purchase.
Reviews Found on Facebook Business Page
Pros and Cons of Universal Coin & Bullion
Final Thoughts on Universal Coin & Bullion
If you are a rare coin and Numismatic bullion investor then Universal Coin & Bullion is an excellent choice to increase your education and get your hands on some unique and rare rounds.
If you are an investor looking to diversify your portfolio with gold and silver coins or bars and would like the ability to compare prices with other gold and silver investment websites then UCB may not be your best option.
It is our belief that UCB is an excellent location for rare coins but not for those novice investors just looking to buy IRA qualify precious metals.
If you are looking at purchasing with Universal Coin & Bullion make sure your knowledge of prices for rare coins is up to the current price of gold melt. Buying rare coins is a collector's investment and not for those with minimal information and budget.
We have a selection for investors looking to roll over their 401(k) or transfer funds from one IRA to a self-directed IRA for investment purposes. If you click the link below you will be redirected to The Plugs #1 choice for gold IRA companies.
As with all our reviews, we cannot recommend enough that you, as the investor, educate yourself and take the time to research all companies and investments. We provide information to help you understand the company, but you need to understand the investments and make informed decisions.