Bullion Shark Review 2023 – Scam Or Legit?
Did you know that the global market for gold bullion coins, including pure gold, is worth billions of dollars? With so many gold bullion dealers to choose from, finding a reliable one can be challenging.
Out of the vast range of options available for those looking to buy gold coins, investors can consider Bullion Shark as a potential choice. However, what exactly is Bullion Shark? Who owns it, and is it a legitimate and trustworthy business?
In this review, we’ll dive deep into reviewing Bullion Shark, exploring its origins, services, and reputation. Established in 2014, this New York-based company has been catering to collectors and investors with various gold coin options, such as the famous South African Gold Krugerrand and the Canadian Gold Maple Leaf.
Moreover, it offers personalized services that set it apart from its competitors, such as JM Bullion, assisting clients in creating coin portfolios or setting up precious metal IRAs. In addition to gold, it also provides opportunities for clients to buy silver bars to further diversify their investment options.
Keep reading as we further examine Bullion Shark’s credibility and offerings to help you decide if it’s the ideal partner for your gold investment journey. But, before you do, know that the company I recommend for collecting gold coins and bullion is American Hartford Gold.
Note: there are some gold scams out there.
No other company has the track record that they boast, having done over $2 billion in sales.
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What Will I Learn?
- About Bullion Shark Coin
- Products and Services of Bullion Shark
- Getting Started with the Bullion Shark Account
- Bullion Shark's Reviews
- Pros and Cons
- Final Verdict On Bullion Shark Review
- Frequently Asked Questions
- 1. Is Bullion Shark Legit?
- 2. Who Owns Bullion Shark?
- 3. What Is Bullion Shark?
- 4. Why Is Silver Bullion so Cheap?
- 5. Is Investing in Bullion worth It?
- 6. Who Is the CEO of Bullion Shark?
- 7. Who Owns the Most Gold Bullion?
- 8. Who Owns the Most Silver Bullion?
- 9. Should I Buy Junk Silver or Bullion?
- 10. Why Is Bullion so Expensive?
About Bullion Shark Coin
This company is a family-run business established in 2014 and boasts a diverse portfolio of precious metal products and services, including bullion shark coins. It caters to both collectors and investors by providing an extensive selection of gold bullion coins, bars, and numismatic pieces, such as the American Gold Eagle.
You can access its products and services through its retail outlet, website, or the bullion shark eBay store. Some of the intriguing categories featured in their inventory include:
Classic and modern rare coins,
Collectible sets,
Shipwreck coins,
Gold and silver bullion coins, ideal for those who want to buy gold and silver, and
Other unique coins.
With a primary focus on collectibles, Bullion Shark uses a team of numismatic experts, ensuring customers receive knowledgeable guidance in navigating the world of collectible coin buying and selling.
However, it’s worth noting that collectible coins aren’t eligible for self-directed precious metals IRA accounts, and Bullion Shark’s options for IRA investments appear limited.
If IRA services is what you are looking for, please visit this page to find our best gold IRA companies.
While the company highlights the growth potential of collectible coins, investors should approach these items cautiously, as they can be riskier and marked up higher than their actual value.
Remember to check for any available bullion shark coupon codes to potentially save on your purchase. You can also reach out to the company with the bullion shark’s phone number (516-739-5822) for any inquiries.
Despite these concerns, Bullion Shark remains a legitimate business with a solid reputation in the precious metals market.
Products and Services of Bullion Shark
Bullion Shark offers an impressive array of products to cater to the diverse needs of investors and collectors.
From modern rare coins to gold bullion bars, the company has a little bit of everything for those looking to expand their portfolio. Below is an overview of the products you can find at this company:
Modern rare coins: This category includes a variety of sought-after coins, such as American Gold Eagles, Gold Buffalo Coins, Silver Eagles, and Morgan and Peace Dollars, among others. These options allow customers to buy gold coins and diversify their collections.
Classic rare coins: Bullion Shark offers historic silver and gold coins with options, such as Half Cents, Two Cent Pieces, Nickels, Dimes, Quarters, Half Dollars, and Pre-1933 Gold.
Bullion: The company offers a range of precious metal bullion products for those looking to buy gold bullion, silver bullion coins, and even platinum and copper options. It also provides silver bullion bars for investors interested in diversifying their holdings.
Ancient and shipwreck coins: If you are looking for one-of-a-kind collectibles, this collection offers a range of rare coins from ancient civilizations, including Romans and Greeks, as well as Biblical and Byzantine coins. Additionally, there are fascinating shipwreck finds available for purchase.
Collector sets: Enhance your collection with curated sets, such as Collector Albums and various currency sets.
Bullion Shark’s extensive selection caters to various interests and investment goals.
Whether you’re looking to buy gold coins or explore gold bullion products from renowned mints, such as the Royal Canadian Mint and the United States Mint, you will find something to meet your needs.
Just remember, as with any investment, it’s essential to do your research and consult with experts before deciding to buy gold bars.
Related Content: is American Heritage Bullion Legit?
Getting Started with the Bullion Shark Account
Opening an account with Bullion Shark is the optimal way to make the most of your experience when buying gold coins, gold bullion bars, and other precious physical metals.
An account streamlines the purchasing process and offers several benefits that make investing in gold and other coins more convenient.
Online Orders
Making an online purchase from Bullion Shark is safe, secure, and incredibly user-friendly. Whether you’re looking to buy gold bullion bars or other precious physical metals, the website offers a diverse catalog showcasing a wide range of modern and classic rare coins and bullion products for any collector or investor.
Bullion Shark offers various payment methods to make the purchasing process as smooth as possible. Buyers can choose from debit cards, credit cards, PayPal, checks, or bank orders to complete their transactions.
You can enjoy free shipping for orders over $99, ensuring that investing in gold bullion and other precious metals remains cost-effective. Moreover, every order is securely packaged and fully insured, providing peace of mind during the shipping process.
Silver and Gold IRA
If you’re considering opening a gold IRA and adding gold bullion coins to your portfolio, it’s essential to choose a reputable company that offers reliable IRA services. However, Bullion Shark may not be the best option, as it seems to have a limited supply of products eligible for IRAs and lacks robust IRA services.
Furthermore, there is no clear evidence that Bullion Shark provides any IRA services at all. With most IRA solution providers, you can easily determine whether they offer IRA services or not since they explicitly advertise them on their official website.
The company’s website only indicates that it is a precious metal dealer catering to customers who may require IRA services, leaving potential customers unsure if the company can provide them with adequate IRA solutions. If you are looking for a precious metals IRA company, try Goldco.
Free Appraisals
Bullion Shark also offers a remarkable service by providing complimentary appraisals for various products, including gold bullion bars, coins, and other precious items. This distinctive feature is among the company’s most remarkable offerings, which has contributed to its favorable reputation.
Furthermore, the origin and cost of pre-owned metals, such as Gold Maple Leaf Coins, Australian Gold Kangaroo Coins, Gold Eagles, or American Gold Eagle Coins, do not matter.
Also, Bullion Shark ensures a seamless appraisal experience without any questions or inquiries. Just bring in your gold bullion bars, minted ingots, or gold philharmonic coins for a fair evaluation.
Bullion Shark's Reviews
When it comes to purchasing gold bullion, gold coins, and other precious physical metals, it’s crucial to consider the experiences of past customers with the company in question.
Bullion Shark boasts an A+ rating and an average score of 3.81/5 from 31 reviews on the Better Business Bureau’s website. However, diving deeper into customer feedback reveals a mixed bag of experiences.
Compliments, Complaints, and Tips for Bullion Shark
Many customers have praised Bullion Shark for its excellent service, exceptional value, and unique offerings of gold bullion coin mints, gold bars, and gold coins that are hard to find elsewhere.
They also appreciated the fast and easy shipping process when they tried to buy gold bullion or pure gold products from the company.
On the flip side, some customers experienced issues that are worth considering before deciding to buy gold coins from the company.
Customer Complaints
A few negative reviews highlighted issues with product weight, refunds, and order accuracy. In one instance, one customer claimed they received a gold bar with a different weight than advertised, while another had issues with canceled orders and refunds.
Some customers also complained about damaged coin sets and ungraded gold coins being sent instead of the advertised product.
When it comes to customer service, the reviews are even more varied. While some customers found it satisfactory, others shared less than favorable experiences. Complaints included slow response times, unresolved issues, and lack of assistance over the phone.
Also, in some cases, customers reported aggressive spam calls and sales pitches to buy gold coins after sharing their personal information with the company.
Pros and Cons
When considering investing in precious physical metals, such as gold bullion coins and bars, it’s essential to weigh the pros and cons of the company you choose to buy from. In this case, here are the advantages and disadvantages of purchasing gold coins and bars from Bullion Shark.
Pros
Wide variety of products,
Clear pricing,
Account benefits,
Fair return and exchange policy, and
A+ BBB rating.
Cons
Limited trusted recognitions,
Mixed reviews,
No storage or IRA services, and
Shipping costs.
Final Verdict On Bullion Shark Review
Considering both the positives and negatives, Bullion Shark presents a mixed bag for potential gold buyers and investors looking to buy gold bullion, gold coins, or bars.
Bullion Shark has its values and flaws, leaving potential customers with a challenging decision. Also, if you consider giving the company a try, it’s vital to start with a small purchase, such as a gold bar or several gold coins, to test its reliability, product quality, and customer service.
Moreover, thoroughly researching the company and comparing it with competitors, including other bullion exchanges, can help you make an informed choice when looking to buy gold bullion or other precious metal products.
Frequently Asked Questions
Naturally, you’ll have some questions about the company if you want to buy gold bullion or gold coins. Therefore, here are some answers that will clear things up.
1. Is Bullion Shark Legit?
Yes, Bullion Shark is a legitimate company dealing in precious metals, including gold and silver bullion, coins, and bars.
2. Who Owns Bullion Shark?
In 2014, Andrew and Nicholas Adamo established Bullion Shark, an e-commerce platform specializing in the purchase and sale of rare gold coins.
3. What Is Bullion Shark?
Bullion Shark is a company specializing in selling gold and silver bullion, coins, and bars, catering to collectors and investors in precious metals.
4. Why Is Silver Bullion so Cheap?
Silver bullion is relatively cheaper than gold because silver is more abundant and has a lower demand. Additionally, silver’s industrial uses impact its price.
5. Is Investing in Bullion worth It?
Investing in bullion can be an excellent way to diversify your portfolio and hedge against inflation. However, it’s essential to research and understand the risks and potential rewards before investing.
6. Who Is the CEO of Bullion Shark?
Nicholas Adamo is the CEO of Bullion Shark.
7. Who Owns the Most Gold Bullion?
Central banks, international organizations, and governments own the most gold bullion. The United States holds the largest gold reserves, followed by Germany, Italy, and France.
8. Who Owns the Most Silver Bullion?
As of 2022, Peru possessed the most extensive silver reserves globally, amounting to 98,000 metric tons.
9. Should I Buy Junk Silver or Bullion?
Both junk silver and bullion have their advantages. Junk silver is more affordable and has a lower premium, while bullion offers higher purity and easy storage. Moreover, the choice depends on your investment goals and preferences.
10. Why Is Bullion so Expensive?
The high cost of bullion, specifically gold and silver, can be attributed to scarcity, demand, and production expenses. Furthermore, the price of bullion takes into account additional charges, including those related to transportation, taxes, and the markup applied by dealers.
The top way to safeguard your retirement is to open a precious metals IRA. Check out the below providers and request a free kit.
Company | Personal Findings | Review | Free Guide | |
 | #1 Goldco | Best Overall Rating (Where I Invested) | ||
 | #2 American Hartford Gold | Best Buyback Program | ||
 | #3 Augusta Precious Metals | Most Educational ($50,000 Minimum) | ||
 | #4 Noble Gold | Best Metals Selection |
About Arthur Karter
Hi, I’m Arthur, and nobody wants to wake up in their 50s like me that they are in serious debt with minimal assets. This wake-up call forced me to reevaluate everything. After going through the school of Hard Knocks, I’m ready to help you by sharing the best retirement choices and how they differ from all the same-old, same-old options that financial advisors sell. These alternatives will help you build and protect your wealth.
