Precious Metal FAQ's
Frequently Asked Questions
Below are common questions and answers we hope you find helpful with your investment choices.
Helping people enjoy success with precious metals and building brighter financial futures is our mission. We work with investors who are just starting, as well as seasoned investors. Our goal is to help you make better, more informed choices. At OM Bullion, we are not just selling you precious metals, we are helping you preserve your wealth towards future economic uncertainties.
Is it a good choice to buy numismatic coins?
OM Bullion has a huge tremendous appreciation for historic collectables and rare numismatic coins. However, we believe you can obtain more metal content for your money. We also believe numismatic coins can potentially create poor investment for two significant reasons.
- Overpaying for its metal content and huge commission costs. Generally speaking, numismatic coins could cost you between 15% to 30% or more! If that’s the case, your coin(s) would need to appreciate significantly just for a modest return. Would you buy a gold coin with an additional 25% premium cost?
- If you decide to sell your numismatic coin or coins, dealers and most collectors will offer you far less than what you paid for. Therefore, a significant financial loss on you and I’m sure most are reluctant to sell their numismatic collectable below the value of its metal itself.
There’s only one coin out there where an anonymous investor paid $18.9 Million for it, and that’s the very rare 1933 Double Eagle Saint Gaudens Gold coin. All gold coins in 1933 were ordered to be melted down during FDR’s Executive Order 6102 making it illegal for U.S. citizens to hold gold. But imagine how much gold you could purchase and own for $18.9 Million.
How do I purchase precious metals from OM Bullion?
- You can call and provide us your order for in-person pickup.
- You can also call us to place a shipment order, once wire transfer funds are received and cleared, we ship out immediately.
- We provide free shipping on orders over $200
Can I walk into OM Bullion anytime of the day?
- We are not a local coin shop as foot traffic can vary day-to-day. However, you can call to book an appointment for private one-on-one transactions.
- We offer free parking that can accommodate over 100 vehicles
- No waiting in line similar to local coin shops and certainly no exposing to others what you’re purchasing. You don’t want to advertise your precious metals. Privacy is key!
What type of payments does OM Bullion accept?
- We accept cash, wire transfer (24hr standard clearance), and the Goldback
- Personal checks require clearing first before final transactions
- We do not accept credit cards, PayPal, Venmo, or digital currencies such as Bitcoin.
What are the premiums associated with OM Bullion’s precious metals?
- Premiums fluctuate within precious metals market, but we aim to beat top bullion competitors and even local coin shops. We believe you should own more metals for less.
Does OM Bullion provide storage for precious metals?
- We partner with Bullion Wholesalers that offer storage for our customers. However, we strongly recommend customers take physical possession of their precious metals in case of urgent need for liquidity. There’s an old saying, if you don’t hold it, you don’t own it.