Ferris Coin Review – Should you Invest in Them?
Read our full review on this gold company
The best about [company name]
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The website of the business includes a live chat function for real-time customer help and guidance.
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They provide a complimentary consultation with valuable metal specialists.
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Ferris currency is a well-known and well-liked currency dealer with many years of expertise.
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Ferris CoinBefore we get started with this review:
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Ferris Coin Review
Ferris Coin is an honest reputable dealer of coins with close to a century of experience serving the Albany area. They specialize in buying and selling a wide range of coins, paper currency, tokens, pre-owned jewelry medals, and proof sets.
With a focus on both rare and common pieces, Ferris Coin is known for its expertise in ungraded and graded, slabbed coins.
If you're considering investing your money with Ferris Coin, it's important to determine whether they are the best fit for your investment goals.
In this Ferris Coin review, we'll take an in-depth look at their services, experience, and reputation to help you make an informed decision.
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
Ferris Coin Review: Our Verdict #37
Ferris Coin is a well-established coin dealer that has been serving the Albany area for over a century. They specialize in buying and selling a wide range of coins, paper currency, tokens, medals, silver flatware, holloware, and proof sets.
Also included are 18th and 19th Century United States coins, as well as foreign coins and paper currency.
In addition to its coin dealing services, Ferris Coin also sells precious metals, including gold and silver. They offer a wide range of bullion products, including bullion, and coins.
While Ferris Coin Jewelry does not explicitly support investing in precious metals through an Individual Retirement Account (IRA), they do offer a variety of investment options for individuals looking to purchase physical precious metals for investment purposes.
Review Of Ferris Coin: Overall Rating: 2/5
Ferris Coin Pros & Cons
Benefits
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Ferris Coin is a well-established and highly patronized coin dealer with many years of experience.
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They offer a free consultation with precious metal experts.
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The company's website features a live chat feature for real-time customer support and assistance.
Disadvantages
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Ferris Coin does not support setting up an Individual Retirement Account (IRA) for precious metal investment.
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They do not offer precious metal storage.
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Ferris Coin does not have a custodian service.
Ferris Coin Review: Key Summary
| Experience | Ferris Coin has been serving customers in the United States for almost a decade, offering not only buying and selling services for coins and bullion but also rare pre-owned jewelry. |
| Website | Ferris Coin has a user-friendly e-commerce website that enables swift purchase and shipping of coins, bullion, and other products. |
| Client Education | Basic information on purchasing coins and bullion is available on the Ferris Coin website, but for more customized requests and questions, clients can contact the company directly seeking to deepen their understanding of the company and the precious metals market. |
| Customer Service | Ferris Coin offers various customer support channels, including phone and in-person assistance, as well as a real-time chat option for quick and easy communication with their customer representatives. |
| Available Precious Metals Offer | Ferris Coin offers a range of precious metals, including gold, silver, platinum, and palladium bullion. |
| Physical Storage | As Ferris Coin is not an IRA company, they do not have any partnerships for precious metal storage, meaning storage options for purchased bullion are not available. |
| Other Investments Available | In addition to buying and selling gold and silver bullion, Ferris Coin also deals in exclusive medals, coins, and paper currency, as well as antique and pre-owned jewelry, silver flatware, and holloware. |
| Annual Fees | As there are no costs associated with opening or maintaining an IRA or storage services, Ferris Coin does not charge any annual fees. |
| Trust link Rating | N/A |
| Consumer Alliance Rating | N/A |
The Bottom Line
In conclusion, Ferris Coin is a reputable precious metals dealer that offers a wide range of investment solutions for investors looking to diversify their portfolios.
Their competitive pricing, excellent customer service, and commitment to quality make them a top choice for investors. The company's history and background show a long-standing commitment to providing quality services to its clients.
One of the standout features of Ferris Coin is the presence of experienced professionals in different fields who provide guidance to investors to make informed investment decisions.
Product Range and Services - Ferris Coin offers a wide range of Precious Metals
Ferris Coin offers a wide range of precious metals through their service, including gold, silver, palladium, and platinum bullion. They also have a collection of registered coins like silver American eagles at their best prices, available for investors looking to expand their collection of precious metals.
With a good selection of bullion and registered coins, Ferris Coin provides a comprehensive range of products to meet the investment needs of its clients.
Ferris Coin Services
Ferris Coin provides a range of services, with a focus on the packaging and shipping of any bullion products purchased by clients. They also offer the opportunity for clients to inspect any products before making a purchase. However, it's important to note that Ferris Coin does not offer services for ROTH, 401k, or similar accounts.
Pricing
Ferris Coin takes pride in offering competitive pricing for its products, with a commitment to providing its clients with the best possible rates.
However, it's important to note that their pricing structure for coins, gold, and silver bullion follows the current market price, which can fluctuate. Investors looking to purchase a particular product can contact a Ferris Coin representative to lock in a price and make a purchase.
Ferris Coin costs / fees
Ferris Coin Jewelry aims to provide its customers with competitive prices for its products. The only visible fee that investors will incur is the cost of packaging and shipping their products to their location. As Ferris Coin does not operate an IRA company that may require recurring annual maintenance fees of storage, there are no additional fees associated with their services.
Minimum investment
Ferris Coin Jewelry does not have a specific minimum investment amount. Instead, the minimum investment is tied to the unit price of the product, whether it's a coin or bullion. Investors are able to commit as much money as they want, depending on the price of the product.
Customer Care - Ferris Coin offers customized service and education
Ferris Coin Jewelry provides customized service and education to its clients. The company makes good use of various communication outlets to keep clients informed about current situations in the precious metal market.
Whether you just want to find out more about the company or want to find out what their spot prices today look like, you can simply reach out to them on the phone.
Investors can also schedule a no-commitment appointment with their expert staff for assistance in grading coins or determining the value of their assets.
Ferris Coin Educational materials
Ferris Coin Jewelry is committed to educating its investors and prospects about the precious metal market.
The company provides press coverage that covers real-time industry events, a newsletter for clients to receive firsthand information, and a strong social media presence that regularly shares helpful posts.
Through these educational materials, investors can stay informed about the precious metal market and make well-informed decisions.
Company Reliability - Ferris Coin has been in business since 1930
Ferris Coin's reliability is evident in the fact that they have been in business since 1930, serving residents of Albany and beyond.
With over 90 years of experience, they are considered veterans in both the precious metal and jewelry industries.
Their long-standing history is a testament to their credibility and commitment to providing quality services to their clients.
Ferris Coin Company history and background
Ferris Coin has a rich history dating back to 1930 when it was first established with the business name Ferris Stamp Company by its founders, Mr. and Mrs. Ferris.
Over the years, the company shifted its focus to and expanded to a coin shop. Today, the company is co-owned by Wendell C. Williams, Geoffrey Demis, and Mike Dozois who have over a decade of experience in their areas of specialty.
Following the passing of Mr. Ferris sometime after 1960, his wife sold the company to Wendell, who has since continued to build on the company's legacy in a new location in Albany.
Customer Reviews - Is Ferris Coin top-rated by clients?
Ferris Coin Jewelry has received top ratings and positive reviews from many clients on various platforms.
With a 4.9/5.0 rating from 127 reviews and a 4.0/5.0 rating from 5 reviews on Google My Business and a 4.9/5.0 rating from 29 reviews on Facebook, it's clear that their clients are satisfied with their services.
Clients have praised the professional and knowledgeable staff, their relaxing environment, and the wide selection of products and offering their best price on major products.
Ferris Coin independent 3rd party customer reviews
Ferris Coin Jewelry has not received any rating from top review platforms such as BBB, Ripoff, Trustlink, or Trustpilot. However, the company has received numerous positive reviews from different companies as well as from clients on Google My Business and Facebook.
Ferris Coin vs the competition
Ferris Coin
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+
-
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
-
$10,000
$5,000 non IRA
-
80$
80$ Annually
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$100
Annually
-
A+
-
AAA
-
None
Alternatives to Ferris Coin
If Ferris Coin is simply 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”
Augusta Precious Metals, founded by Isaac Nuriani, offers a secure and straightforward platform for investors to invest in precious metals. With an extensive product line of gold, silver, platinum, and palladium coins and bars,
Augusta Precious Metals caters to a wide range of investor needs. They also offer services such as IRA plans and rollovers, ensuring comprehensive investment solutions.
Additionally, they provide competitive pricing, making them an affordable choice for investors. Augusta Precious Metals guarantees a secure and transparent investment experience, along with excellent customer service.
Alternative “GoldCo”
GoldCo is a precious metal IRA company that provides services to individuals who are looking to invest in gold, silver, platinum, or palladium. The company offers a variety of investment options, including physical precious metals, gold and silver coins, and bullion.
GoldCo's services include helping clients set up a self-directed IRA, which allows for investments in precious metals. They also provide guidance on choosing the right type of IRA for each client's needs and goals.
In addition to IRA services, GoldCo offers a range of investment products, including gold and silver bars and coins, as well as a selection of numismatic coins. The company works with reputable mints and suppliers to ensure the authenticity and quality of their products.
GoldCo also provides storage options for clients who choose to invest in physical precious metals. Their storage facilities are secure and insured, giving clients peace of mind that their investments are protected.
Overall, GoldCo's services are designed to help clients diversify their portfolios and protect their wealth through investments in precious metals. The company has a strong reputation for customer service and transparency, making them a popular choice for those interested in precious metal investing.
How to invest in Ferris Coin
Investing in Ferris Coin is a straightforward process similar to other buy-and-sell businesses.
Interested investors can browse the selection of bullion or numismatic coins in their physical stores or on their online platforms. Once they have found a product of interest, they can inspect the item to ensure it meets their requirements before making a payment.
For online purchases, Ferris Coin sets up a schedule to meet with the client for product inspection before finalizing the transaction. After payment, the purchased item will be shipped to the buyer within a few working days.
Do We Recommend Ferris Coin?
Based on the available evidence, it is clear that Ferris Coin is a legitimate company that conducts business in a reputable manner.
The company has received positive reviews from past and present customers on various platforms, which is a testament to its commitment to providing quality services.
However, it is important to note that no company is perfect and Ferris Coin may have areas where it could improve. It is always advisable to research and read individual reviews to identify any patterns of poor service. Ultimately, Ferris Coin has received high praise from many satisfied customers.
Our Verdict : 2/5
Ferris Coin's FAQs
What is the minimum investment for Ferris Coins?
There is no stated minimum investment for Ferris Coins. The minimum amount is the price of any unit product a client wants to purchase.
What type of metals should I have with my Ferris Coins?
The type of metal to own with Ferris Coin is dependent on the investor’s financial goals and investment strategies. You may want to first consult with a financial advisor.
When would I be qualified for the Ferris Coin distributions?
As Ferris Coin doesn’t support IRA, there are no qualifications for Gold IRA distributions. Clients simply purchase their precious metal products and take possession of them.
Is there a buyback program for Ferris Coin?
Yes, Ferris Coin does offer a buyback program for precious materials, metals, and coins. The company ensures that the items are priced correctly and that the client receives fair compensation for their sale.
What storage options do I have with the Ferris Coin?
It is important to note that Ferris Coin does not provide storage services for clients nor does it partner with any vault, segregated or otherwise, for the storage of precious metals.
Why would I need a custodian to handle precious metals in my Ferris Coin?
As Ferris Coin does not offer IRA services, there is no need for a custodian to handle precious metals in their Gold IRA.
Who is the custodian of Ferris Coin?
Ferris coin has no custodian.
How long will it take to roll over my IRA to the Ferris Coin?
Unfortunately, Ferris Coin does not offer IRA services, so there is no option for IRA rollovers with the company.
