Scottsdale Bullion & Coin: Is it your best option?

By Altay Gursel | July 7, 2020
Home / Precious Metals / Investment Company / Scottsdale Bullion & Coin: Is it your best option?

Scottsdale Bullion & Coin Review

Scottsdale

Naturally, making investment decisions should be something important- and personal. Investing in precious metals shouldn’t be any different. And when choosing a dealer, you need one that can afford you your privacy.

One that can give you about all the education you need, so you can decide on your terms. I understand that it is, however, difficult to find one such dealer. And that is why I will be introducing you to one that meets these criteria.

About Scottsdale Bullion & Coin

Scottsdale Bullion & Coin also go by the name SBC Gold. They are a leading company in the precious metals industry. They are one of the few gold & silver dealers who provide you with the quality precious metals investment opportunities.

Their business model starts with educating their clients on all that is involved in the precious metals market. They do as they believe it is the best way to help you make the best decisions towards creating a well-diversified portfolio.

So if you are looking to diversify your portfolio for protection, profit, privacy, or you are only interested in adding to your coin collection, SBC Gold has you covered. And after making your decision, they are also available with just the right selection of precious metals, which you will need to back up your investment.

And even more rare in this industry is how Scottsdale Bullion & Coin creates a two-way market such that you can always sell your precious metals to them too.

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Background

Like every other company out there, Scottsdale Bullion & Coin also has its background- its reason for coming into the precious metals industry. And some light was shed on this by the founder himself.

Eric Sepanek, the founder, who also remains as a senior advisor at SBC Gold today, stated clearly his reason for starting Scottsdale Bullion & Coin. He had sought a company that operated with a classic American business model.

One that didn’t treat customers as a tool to make money as is rampant in the business world. But one that treats every customer like family. When he couldn’t find any company that fits into that model, he started Scottsdale Bullion & Coin in 2005.

However, it did not get incorporated until 2011. Of course, he began with a mission, which every member of Scottsdale Bullion & Coin chase after even today.

Their mission is to help every client, rather than ‘sell’ them. In other words, they won’t see you as a profit margin as they claim other precious metals dealers do out there. Instead, they will treat you like family, taking you through all the steps that are important in achieving your goals and needs.

So I guess you understand now why Scottsdale operates the way it does, prioritizing every clients’ education over profit.

Management

Now, you know for a company to start with a goal, and not fall from its path, will require the oversight of exceptional leaders. So who then are these outstanding leaders at Scottsdale Bullion & Coin.

You met Eric Sepanek already, but I want to assure you that the team has just as many dedicated members as Eric himself. And this team includes:

  • Steve Rand, Senior Advisor
  • Dr. Fred Goldstein, Senior Advisor
  • Adam Patten, Senior Advisor
  • Tim Murphy, Information Consultant
  • Damian White, Information Consultant
  • Joe Elkjer, Information Consultant
  • Ronald Caparro, Information Consultant
  • Richard otto, Information Consultant
  • Travis Stratten, Information Consultant
  • Curtis Frank, Information Consultant
  • Harold Vaz, Information Consultant
  • Michelle Ellis, IRA Liaison
  • Anthony Arenas, Coin Appraiser
  • Megan Skaggs, Accounting

Now, this adds up to a long list with a cumulative experience reaching up to a hundred years. I know you are already eager to work with them, but we are just getting started with all you need to know about Scottsdale Bullion & Coin.

Contact Details

I’m sure you are already thinking Scottsdale in SBC’s name as in Scottsdale, Arizona. Well, you are right. Scottsdale Bullion & Coin trading office is located at 14500 N. Northsight Boulevard Suite 204 in Scottsdale, Arizona.

Services at Scottsdale Bullion & Coin

The next thing I think you should know now will be all that Scottsdale Bullion & Coin stands to offer you, a customer. 

Precious Metals IRA

You have probably been hearing of this unique IRA over and over again. But you still have that question of why precious metals IRA? Well, do you like being limited in your dealings? I guess not.

If you don’t like having limitations, why would you be satisfied with a retirement account that doesn’t allow you to invest in precious metals?

It’s simple. Gold gives you security. With gold, your retirement is in ‘good hands.’ And a precious metals IRA, as opposed to a traditional IRA, allows you to diversify your portfolio with precious metals, including gold.

Now, is the step going to be stressful? No!

With Scottsdale, the steps are simple, and you won’t go through the process alone. So what are these steps?

  • First, you need to open a self-directed IRA with a custodian. 
  • Then, you need to fund this new account.
  • And finally, you get to add physical gold, silver, and other precious metals to your IRA.

These three steps, especially the funding part, can be strenuous without an experienced dealer. And that is the reason you need an accomplished dealer like Scottsdale to help you through these steps.

Also, to be clear, Scottsdale isn’t going to be the custodian of your new account. They will, instead, introduce you to third-party custodians based on your needs. Once you have your account set up, Scottsdale Bullion & Coin will help with your IRA rollovers/transfers to fund your new accounts.

Then, they will also educate and assist you in selecting a combination of precious metals that will suit your need for a retirement account.

Purchase of Precious Metals

Scottsdale Bullion & Coin offers investment-grade coins for sale to clients. So if you are looking to purchase precious metals for your IRA, you can approach Scottsdale Bullion & Coin for your bullion, numismatic, and semi-numismatic coins.

Sales of Precious Metals

If you are also looking to sell your precious metals, Scottsdale Bullion & Coin has the right market. They buy bullion coins, bullion bars, rare coins, and junk silver. The process of selling to them is a simple one.

You call them to set up a free appraisal. SBC’s experts will carry out the evaluation, notify you of the pricing. And if you are satisfied with the pricing, you will receive a direct cash payment.

Scottsdale Bullion & Coin doesn’t buy scrap gold, scrap silver, jewelry, hobby coins, collector bill, diamonds, watches, and other collectibles.

Payments & Shipping

Regarding payments, I couldn’t find any information on SBC Gold’s website about the physical delivery of precious metals. It seems you can only buy from them with your IRA funds, without the need for a cash transaction.

Hence, no information exists on how to buy with cash, nor is there any information about how they ship since IRA metals don’t get sent to clients.

Ratings

Now we know what Scottsdale Bullion & Coin offers its clients. Let’s go on to learn of their ratings and what former customers think of them.

It’s no surprise that a company with a mission like Scottsdale Bullion & Coin has a rating of A+ with the Better Business Bureau. But then, their low number of reviews doesn’t support their long years in the business.

Are There Complaints?

There aren’t that many reviews about Scottsdale Bullion & Coin. But I still saw some grievances that majorly involved overpriced products. The appreciations, however, outnumber the complaints.

⚠️Is Scottsdale Bullion & Coin a Legit Company?

This question is one that you must always ask before dealing with any company out there. And regarding Scottsdale Bullion & Coin, BBB sees them as a legit company. Some reviews also support their legitimacy. So, in my opinion, Scottsdale Bullion & Coin seems pretty legit to me.

Pros and Cons

So, are you planning on doing business with Scottsdale Bullion & Coin? Well, there is one last thing. And that is to weigh their pros and cons to be sure you will be comfortable dealing with them.

👍 Pros

  • Offers assistance with precious metals IRA
  • Offers a liquidation outlet to clients
  • Offers a wide selection of coins

👎 Cons

  • There seems to be a focus on numismatics.
  • They appear to have no bullion bars in stock.
  • They offer only investment-grade coins.
  • No physical delivery of metals

Conclusion

I see Scottsdale Bullion & Coin as a dedicated company. They know what they are in the industry for, and they stick dearly to it. And that’s rare in the precious metals industry.

However, they appear to prefer numismatics coins, which you know isn’t as stable as bullion products. And to think that you can’t buy and get your metals shipped to you seems like being in a dictation business.

Anyway, except you are comfortable with what they offer their clients, I will advise that you check out alternatives that have a flexible service system that can suit your interest.

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