DBS Coins Review – Are they a scam or not?
Read our full review on this gold company
The best about DBS Coins
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Transaction monitoring in real time
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Blockchain technology that is secure
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Transaction costs are kept to a minimum.
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https://www.dbscoins.com/Before we get started with this review:
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DBS Coins Review
DBS Coins is a reputable family-owned precious metals dealer specializing in gold, silver, platinum, and palladium coins and bullion. With over 50 years of experience in the industry, DBS Coins has established itself as a trusted dealer for collectible coins.
One of their standout services is the DBS Coins Gold IRA, which allows customers to invest in gold and other precious metals through an Individual Retirement Account (IRA).
DBS Coins also offers its products on various online marketplaces, including eBay, where they maintain a stellar reputation for quality products and reliable service.
In this blog post, we will take an in-depth look at DBS Coins Review, their benefits, and drawbacks and you should be able to decide if they’re the right choice for your retirement investment strategy.
Our Rating Categories
Our review of The Wheaton Precious Metal will cover the following;
1. Product Range and Services
2. Pricing
3. Customer Care
4. Company Reliability
5. Customer Reviews
DBS Coins Review: Our Verdict #41
As a precious metals dealer with over five decades of experience, DBS Coins has become a trusted source for many investors.
One of the most significant benefits of DBS Coins Gold IRA service is the selection of IRA-approved coins. DBS Coins only offers coins that meet the requirements set forth by the IRS for retirement accounts. This provides clients with peace of mind knowing that their investment is secure and meets the necessary regulations.
When it comes to their selection of coins, the family-owned precious metal company offers several products from top mints in their original packaging, which has never been opened. This ensures that customers receive coins in their original condition, providing an added layer of value to their purchase.
In addition to offering unopened original packaging coins, DBS Coins is authorized as a dealer of PCGS and NGC-graded coins. This means that customers can always rely on the accuracy of a coin's quality and value, as it has been thoroughly evaluated and graded by a reputable third-party grading service.
Review Of DBS Coins: Overall Rating: 3/5
DBS Coins Pros & Cons
Benefits
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DBS Coins only offers IRA-approved gold and silver coins, providing clients with a secure way to invest in precious metals IRA
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The Gold IRA service offers a flexible investment amount, allowing clients to invest as little as $5,000 to get started.
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DBS Coins provides free shipping on all orders, making it easier for clients to invest without worrying about additional expenses.
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As authorized dealers of PCGS and NGC-graded coins, customers can trust the accuracy of a coin's quality and value.
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DBS Coins has over 5 decades of experience as a precious metals dealer and has established a reputation as a trusted source for collectors and investors.
Disadvantages
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Price fluctuations in the precious metals market may impact the company's revenue and profitability.
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Clients may face penalties or fees for early withdrawal of funds from their Gold IRA account, as is typical with any retirement account.
DBS Coins Review: Key Summary
| Experience | With over 50 years of experience in the precious metals industry, DBS Coins has a wealth of knowledge and expertise that is hard to match. As a family-owned and operated business, DBS Coins has a unique advantage over larger corporations. |
| Website | Their website is user-friendly and well-organized, making it easy for customers to navigate and find the information they need.Whether you are looking to learn more about their Gold IRA services or simply want to browse their selection of coins, the information is clearly and conspicuously documented on their website. |
| Client Education | The company provides a comprehensive range of educational resources for both novice and professional investors, covering topics ranging from the company's operations to the potential profitability of investing with them. These resources serve as a valuable source of information for individuals seeking to deepen their understanding of the company and the precious metals market. |
| Customer Service | Customers can reach out to DBS Coins via email or phone call, and their dedicated customer service team is always on hand to provide swift and helpful assistance with any issues or problems that may arise.In addition to email and phone support, DBS Coins has a strong presence on social media platforms, including Facebook and Twitter, where customers can follow them and stay up-to-date with the latest news and offerings. |
| Available Precious Metals Offer | They offer a variety of precious metals, including gold, silver, and platinum products from some of the world's most renowned mints and producers.Their selection of gold products includes bars and coins in various sizes and denominations, |
| Physical Storage | DBS Coins has partnered with Brinks Global Security to offer their customers a selection of secure depository options. With vaults located across the US, customers can choose the storage location that best suits their needs. |
| Other Investments Available | Since its inception, DBS Coins has specialized solely in the sales and purchase of precious metals, differentiating itself from other IRA companies that may combine IRA with stocks and other forms of investments. |
| Annual Fees | DBS Coins leverages its partnership with Brinks Global Security, its depository partner, and custodians to handle the fees associated with the storage of precious metals. |
| Trust link Rating | N/A |
| Consumer Alliance Rating | AA |
The Bottom Line
DBS Coins Gold IRA is a precious metal company that has been in business since 1968. The family-owned and operated business has consistently experienced tremendous growth over the years. While the company has received some negative feedback from clients, it has also been highly rated by customers on third-party review sites.
To invest in DBS Coins Gold IRA, customers need to contact DBS coins custodian, fund the account, and lock in the price of the precious metals before the metals are shipped to the depository.
Product Range and Services - DBS Coins Gold IRA offers a wide range of Precious Metals
DBS Coins Gold IRA offers a comprehensive range of precious metals, providing customers with an extensive selection of investment options to choose from.
Whether you're looking for gold bars, silver, platinum coins, or palladium, DBS Coins has got you covered. Their product range includes IRA-approved coins and bars from some of the world's most renowned mints, ensuring the quality and authenticity of each investment.
DBS Coins Gold IRA Service
DBS Coins offers a Gold IRA service that allows individuals to invest in precious metals IRA.
This includes a wide range of precious metals for IRA, including Gold IRA, Silver IRA, platinum, and palladium IRA. They also have rich numismatic DBS coins catalog like American gold Buffaloes, Gold Canadian Maple Leaf, Philharmonic, Royal Canadian Mint, Johnson Matthey Kilo Bar, palladium Canadian maple leaf, and Valcambi Combi Bar, which make up the DBS coins products.
While 401k plans are not supported, individuals can still roll over an existing IRA from another company by contacting DBS Coins. The company representative can provide guidance on the process and explain the available options.
Pricing
DBS Coins has simplified the process for new investors and clients to purchase bars, bullion, and coins with any amount of money they have. Starting from as low as $500. This is especially true for their one-off product purchases.
However, for their IRA account, DBS's partner custodians; New Direction IRA and Gold Star Trust, play a significant role in determining the overall cost, including the investment amount and fees payable.
DBS Coins Gold IRA costs/fees
DBS Coins fees depend on the payment method used. For Paypal and Credit Card payments, the minimum purchase is $500.
For check payments, the minimum purchase is $25,000.00, and for bank wire payments, the minimum purchase is $80,000.00 or more.
However, clients can enjoy free shipping on all products purchased.
Minimum investment
DBS Coins requires clients to have a minimum of $500 to purchase any of their several products. This includes free shipping of products to the client.
However, for IRA investments, the minimum investment amount is determined by the custodians. Both of DBS custodians require a minimum of $1000 to invest, and the amount of contribution depends on the type of account.
It's important to be cleared by their customer representatives to understand the entire scope of the investment.
Customer Care - DBS Coins Gold IRA offers customized service and education
DBS Coins offers a unique customer care experience with customized service and education to offer peak customer satisfaction to their clients.
The company not only facilitates the direct packaging, sales, and shipping of precious metals to their clients all over the USA, but they also help clients throughout the process of setting up their IRA account with their different partner custodians.
They act as a reliable and solid help by promptly updating clients of their account status via email. Although they do not directly handle IRA accounts, their services are designed to ensure that clients receive top-notch education and support.
DBS Coins Gold IRA Educational materials
DBS Coins is committed to providing its clients with top-notch educational materials to help them make informed investment decisions.
The DBS coins website is a wealth of information that is helpful to both beginners and pro-investors alike. Clients can easily navigate the well-curated site to learn about the company's products and services.
In addition, they have a dedicated FAQ section where helpful answers to clients' doubts and questions are readily available.
To stay up-to-date, investors are encouraged to subscribe to their email newsletter and follow their social media handles for firsthand information.
For personalized requests and questions, clients can always reach out through phone calls and email. DBS Coins is always ready to assist its clients in making informed investment decisions.
Company Reliability - DBS Coins Gold IRA has been in business since 1968
DBS Coins Gold IRA is a family-owned and operated business located at 234 Dana Point CA. They have been in operation since 1968, providing clients with reliable and trusted services for over 50 years.
Over the years, the company has grown tremendously, and its reputation has been built on providing exceptional customer service and expertise in the precious metals industry.
DBS Coins Gold IRA Company history and background
In 1968, a group of visionary individuals came together to establish The Development Bank of Singapore. This bank was focused on providing financial assistance to Singaporean companies and supporting urban development projects.
Over the years, this bank grew and evolved, eventually becoming DBS Group Holdings. In 2008, DBS Coins was launched as a subsidiary of the group, specializing in the sales and purchase of precious metals for investment purposes.
Although little is known about the individuals who founded the original Development Bank of Singapore, it is widely recognized that David Smoler played a key role in its establishment. Today, Piyush Gupta leads DBS Group Holdings as its CEO and director.
Customer Reviews - Is DBS Coins Gold IRA top-rated by clients?
While DBS Coins has received positive reviews from many clients, some have expressed disappointment with the service. This is not unusual for any company.
On Facebook, the company has a total rating of 4.5/5 from 18 feedback since 2021. However, this does not provide a current assessment of their performance.
It is important to note that there are no reviews on Yelp or Trustpilot, and only two clients have filed complaints on BBB, both of which have been closed.
DBS Coins Gold IRA independent 3rd party customer reviews
DBS Coins Gold IRA has been reviewed by various independent third-party websites, providing clients with a well-rounded view of the company's services.
The company has an AA rating on Trustlink and an A+ BBB rating, despite not being BBB accredited.
Furthermore, some smaller review sites have also given their opinion on the company, scoring an average rating of 3.8 out of 5 from 10 review sites.
It is always recommended that potential clients conduct thorough research before making any investment decisions.
Average star ratings
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BBB:A+
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BCA: AA
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Trustlink: AA
DBS Coins vs the competition
DBS Coins
Best Customer Reviews
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Gold, Silver, Platinum & Palladium
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$10,000
$5,000 non IRA
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80$
80$ Annually
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$100
Annually
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A+
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AAA
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None
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Gold & Silver IRA
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$25,000
$3,500 non IRA
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$50 + $30
$100 Admin Annually
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$150 Segregated
$100 Non Segregated
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A+
-
AAA
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Get 10% back in FREE silver
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Gold, Silver, Platinum & Palladium
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$50,000
$50,000 non IRA
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$50
$200 Admin Annually
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$125
Annually
-
A+
-
AAA
-
None
-
Gold & Silver IRA
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$10,000
$2,500 non IRA
-
$50
$180 Admin Annually
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Variable
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A+
-
AA
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Free silver worth up to $5,000 on qualifying purchases
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Gold, Silver, Platinum & Palladium
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$10,000
$5,000 non IRA
-
80$
80$ Annually
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$100
Annually
-
A+
-
AAA
-
None
Alternatives to DBS Coins
If Money Metals Exchange is too “expensive” for you, consider the two cheaper alternatives below:
>>CLICK HERE to read our list of the top gold investing companies.<<
Alternative “Augusta Precious Metals”
Isaac Nuriani, founded Augusta Precious Metals in 2012 to offer investors a secure and straightforward way to invest in precious metals. Their extensive product line includes gold, silver, platinum, and palladium coins and bars.
Additionally, Augusta Precious Metals offers services such as Traditional and Simple IRA, ROTH plans, and rollover, among others.
Augusta Precious Metals prices its products competitively, making them a budget-friendly choice for investors. The company's website features an online store that is simple to navigate, allowing customers to quickly purchase their desired products.
Alternative “GoldCo”
GoldCo is a company that offers gold and silver IRA services to individuals who are looking to diversify their retirement portfolios. The company offers a range of gold and silver coins and bars that can be added to a self-directed IRA account.
GoldCo prides itself on providing exceptional customer service and expertise in the field of precious metals investing. The company has a team of experienced professionals who can guide clients through the process of setting up and managing a gold or silver IRA.
One of the key benefits of investing in a gold or silver IRA is that it can provide a hedge against inflation and economic uncertainty. Gold and silver have historically retained their value even in times of market turbulence, making them a popular choice for investors who are looking to protect their retirement savings.
GoldCo offers a variety of IRA account options, including traditional, Roth, and SEP IRAs. The company also offers a range of gold and silver coins and bars from reputable mints, such as the American Eagle and the Canadian Maple Leaf.
Overall, GoldCo is a well-regarded company in the gold and silver IRA industry, and its focus on customer service and expertise makes it a good choice for investors who are looking for guidance and support as they navigate the world of precious metals investing.
How to invest in DBS Coins
To invest in DBS Coins Gold IRA, first, contact any of the company’s approved IRA Custodians (Gold Star Trust and New Direction IRA), and open a "Self Directed" account.
Go ahead to fund the account with enough funds to purchase metals and pay for storage fees.
After the account is funded, a Buy Direction Letter will be sent to DBS coins, who will confirm pricing and products with the customer before sending a purchase order.
Once payment is received, the metals will be shipped to the customer's depository for free.
Do We Recommend DBS Coins?
Yes, we do recommend DBS Coins Gold IRA as a legitimate company that offers the services as stated on its website. Although some customer reviews may not be entirely positive, it's important to note that DBS Coins Gold IRA is a reliable provider of precious metals investment services.
We advise investors to exercise caution and conduct due diligence before making any investments, including contacting the company's customer representatives to address any concerns or questions they may have.
Our Verdict : 3/5
DBS Coins' FAQs
What is the minimum investment for DBS Coins Gold IRA Precious Metals Gold IRA?
The minimum investment for DBS Coins Gold IRA is set by the company’s partner custodians and stands at $1000. This applies to IRA setups. For direct purchase of precious metal products from the company, a minimum investment of $500 is required from a credit card or PayPal.
What type of metals should I have with my DBS Coins Gold IRA?
DBS Coins Gold IRA allows for investment in a variety of precious metals, including gold, silver, platinum, and palladium coins and bars. Whether you choose to invest in Gold, Silver, or Palladium should be determined by a variety of factors, including investment goals and market conditions.
When would I be qualified for the DBS Coins Gold IRA distributions?
DBS Coins Gold IRA distributions qualifications depend on individual circumstances but are typically allowed at age 59.5, death, disability, or for a first-time home purchase.
Is there a buyback program for DBS Coins Gold IRA?
Yes, there is a buyback program for DBS Coins Gold IRA.
What storage options do I have with DBS Coins Gold IRA?
DBS Coins Gold IRA provides customers with a storage option through their partnership with third-party depositories. The depositories include Delaware Depository, IDS Delaware, and storage vault Brinks Global Services. Customers can choose the depository that suits their needs and have their precious metals products stored in a secure location.
Why would I need a custodian to handle precious metals in my DBS Coins Gold IRA?
Investors need a custodian to handle precious metals in their DBS Coins Gold IRA to comply with IRS regulations, which require an independent third party to store IRA assets.
Who is the custodian of DBS Coins Gold IRA Precious Metals Gold IRA?
DBS Coins custodians include; The New Direction Trust Company and GoldStar Trust Company.
How long will it take to roll over my IRA to the DBS Coins Gold IRAs Precious metals Gold IRA?
The timeline for rolling over an IRA to a DBS Coins Gold IRA depends on various factors, including the IRA custodian and the complexity of the transfer. It typically takes between 2 to 4 weeks to complete the process.
