SilverTowne Review

SilverTowne Review: Is This Dealer Worth Your Investment?

Investing in precious metals is a fantastic way for investors to diversify their investment portfolios. It can help cushion the blows from an unstable economy and also provide steady gains in the long run. With so many different dealers out there, choosing the right one can be challenging.

SilverTowne has been in the business of selling precious metals for more than seven decades. In this SilverTowne review, we will learn more about the dealer, the products and services it offers, and how to make purchases.

Keep reading until the end, as we will also explore SilverTown Mint and whether or not it is closely associated with the Indiana precious metals company. Let’s get started!

About SilverTowne

Located in Winchester, Indiana, SilverTowne started as a small coin shop in 1949 and is now one of the largest rare coins, modern coins, and precious metals dealers in the state. Built on honesty and integrity, SilverTowne does things a bit differently in this industry.

If you visit its website, you’ll notice that the company uses striking colors and appealing images, unlike most of the precious metal dealers out there. SilverTowne doesn’t shy away from using large pictures and bold fonts.

The first impressions are pretty good, but let’s dive further into the company and find out whether they’re worth working with.

Make sure to visit our reviews section for our full list of companies we cover.

What Products Does SilverTowne Offer?

SilverTowne offers a wide range of silver, gold, and platinum products in different forms, including bullion, coins, and rounds. After quickly reviewing its inventory, we found several interesting options.

The following are some of the silver products available at SilverTowne:

  • 1oz Buffalo Replica rounds
  • 1oz Liberty Eagle
  • 1oz Lady Liberty rounds
  • 1oz American Flag bars
  • 5oz Buffalo Replica bars
  • Morgan Peace Silver Dollars
  • 2023 Silver Kangaroos

Besides silver bars, coins, and rounds, SilverTowne has a good range of gold products, some of which include the following:

Although gold and silver are two of the most common precious metals you can invest in, SilverTowne offers its investors a variety of platinum coins and bars. These include the following:

Does SilverTowne Offer Precious Metals IRA?

Precious metals IRA is a fantastic way for investors to diversify their retirement savings and invest in IRS-eligible gold, silver, platinum, and palladium.

It allows you to ride the economic uncertainty, as precious metals are much more stable than traditional financial assets, such as stocks, bonds, and ETFs.

Unfortunately, SilverTowne does not offer precious metals IRA. It is a dealer that sells gold, silver, and platinum bars, coins, and rounds. You can purchase IRS-eligible precious metals from SilverTowne and open an individual retirement account with an approved custodian.

It’s important to note that you cannot keep physical gold and other precious metals at your home. When you open an IRA, you must send your items to a secure depository for safekeeping.

SilverTowne Precious Metals IRA

How to Open an Account with SilverTowne

If you’re looking to open an IRA account and purchase precious metals, the following are the key steps you should follow:

Find an IRA Custodian

Since SilverTowne does not set up an IRA for investors, you must do your own research to find a trusted custodian. Fortunately, this Indiana precious metals dealer has a list of reputable IRA companies that you can go through and do your due diligence.

When you find a trusted custodian, you can ask any questions or concerns you may have from one of its representatives. If you want to proceed with setting up an IRA, let the specialist know to start the process.

Fund the IRA

When the custodian sets up your IRA, you must fund the account to start buying precious metals.

There are two options you can consider when funding the individual retirement account, and these are as follows:

  • 401(k) rollover
  • 401(k) transfers

Purchase Precious Metals

After funding your IRA, you can purchase IRS-eligible precious metals from SilverTowne.

During checkout, you can specify the depository you wish to have your purchases shipped to, and the experienced team at SilverTowne will sort it out for you.

What Are the Different Product Choices Offered by SilverTowne?

We’ve already gone over the different items available in SilverTowne’s inventory, so here, we will cover the broad range of product choices offered by the dealer. These include the following:


Bullion is a common choice among most investors, as it’s easy to store. However, it’s not as liquid as coins or other forms of precious metals, which is why it’s essential to assess your financial situation and investment goals first.

SilverTowne has a good range of bullion products, including gold, silver, and platinum. On the dealer’s website, you’ll also find IRS-eligible bullion, which you can purchase and deposit in your IRA.


Although coins are highly liquid, they can be challenging to store and manage. Fortunately, there are custodians that do all of the work for you. You may prefer investing in coins rather than bullion, depending on your investment goals.

If you want to purchase coins, SilverTowne is an excellent option to consider, as selling coins has always been its specialty since 1949. Whether you’re looking for American coins or World coins, SilverTowne offers a wide range of gold, silver, and platinum coins for you to choose from.

Besides IRS-eligible coins, SilverTowne also has bags of silver coins and numismatic and rare coins. Although you cannot maintain these types of purchases in your IRA, you can collect them at home as a hobby or an investment.


Precious metals are not just for investment. You can also purchase and give them to your loved ones for their birthday or other special occasions.

Whether it’s Christmas, Halloween, religious holidays, or any other special occasion, SilverTowne has an exciting range of hand-enameled gold, silver, and platinum medallions and bars.

Regardless of your choice, these precious metals come in specially crafted boxes that are perfect for gifting to your loved ones.


Since SilverTowne started as a coin shop, it has continued to keep coin supplies in stock. If you like coin collecting or want to start this hobby, this Indiana dealer has a lot of products available, including the following:

  • Capsules
  • Storage tubes
  • Boxes
  • Coin holders
  • Collector books
  • Gift packaging

Investors need to understand that the supplies section caters to coin collectors and is not for investment purposes. You cannot keep IRA coins at home, as it is against the law.

Many might find these types of products misleading, which is why we feel that the dealer could’ve done a better job explaining it on its website.

Does SilverTowne Offer Any Deals on Its Products?

When we were exploring the range of products offered by SilverTowne, we noticed a “Deals” section on the dealer’s website. After investigating what it’s all about, we felt that it’s not just a clever marketing tool but also a fantastic way for investors to save money.

SilverTowne updates its “Deals” section daily. There are new low-premium products added to the webpage every day, which is a great opportunity for investors to pick up what they want at great prices.

You might find it hard to locate a particular date coin, as the company is responsible for shortlisting the products it wants to publish in its “Deals” section.

How Much Does SilverTowne Charge for Shipping?

The shipping fee varies depending on the location of the shipment. The following are the standard shipping charges for US customers:

  • Purchases up to $25.00: $5.95
  • Between $25.01 and $50.00 of purchases: $7.95
  • Purchases between $50.01 and $98.99: $9.95
  • $99.00 or more of purchases: Free shipping

The shipping charges for shipments to Hawaii, Alaska, Puerto Rico, and Canada are different from the rates mentioned above, with minimum purchases starting from $100. SilverTowne states that it processes all orders within five to 10 working days.

Investors must remember that the shipping charges may vary from the prices mentioned on SilverTowne’s website. This may be applicable to heavy orders.

Canadian customers are responsible for paying taxes and customs duties according to their government regulations.

How to Place an Order with SilverTowne

The following are the steps that you should follow if you want to purchase products from SilverTowne:

  1. Go through the dealer’s inventory and choose the product that you’re interested in.
  2. Click the “Add to Cart” button to confirm your item.
  3. Head over to the shopping cart page to edit your order or finalize your purchases. You can also enter special instructions.
  4. Once you’re satisfied with your order, click “Checkout Now” to complete your purchase.
  5. Follow the instructions on the checkout page to finalize your order information and make the payment.

What Is SilverTowne Mint?

When you visit SilverTowne’s website, you’ll come across many different silver items marked with the dealer’s minted icon. These products are exclusively produced at the SilverTowne Mint, one of the largest private mints in North America.

SilverTown Mint has worked with precious metals for more than 40 years, supporting the needs of investors and investment bankers all across the world.

If you’re looking for custom-made commemorative awards, SilverTowne Mint has got you covered. It will guide you through the design process and have the product finished under one roof.

The company only works with high-quality raw materials, and it uses special weight measuring equipment and calibration standards to ensure the perfect bar or round every single time.

SilverTowne Mint produces a minimum of .999 fine silver products in many different designs. It also specializes in custom-minting, which is perfect for companies looking to create promotional items for their employees.

Is SilverTownMint Legit?

Although the website states that SilverTowne Mint is a subsidiary of A-Mark Precious Metals Inc., we weren’t sure whether it had any affiliations with the SilverTowne dealer in Indiana.

The contact numbers were different, but after going through both sites, we found that SilverTowne Mint and the SilverTowne dealer shared the same email address for sales queries. A quick Google Map search shows that both businesses are located at a distance of 1.6 miles.

SilverTowne Mint has a Facebook page, and on Google Reviews, it has an average rating of 4.1 out of five stars. It is a legit minting company in Indiana.

Is SilverTowne a Legit Dealer?

With over 75 years in the industry, it’s fair to say that SilverTowne is a legitimate dealer in Indiana. It has been serving residents since 1949. However, that shouldn’t stop you from carrying out your own research into the company.

There are a couple of ways you can do your due diligence, and we like to start by checking out the company’s profile on the Better Business Bureau (BBB) website. BBB is a private organization that helps individuals find businesses and charities they can trust.

On the BBB website, SilverTowne has an average rating of five out of five stars and an A+ rating. We were shocked to find that this Indiana dealer is not BBB accredited, so we had to learn more about the company from other platforms.

SilverTowne has a fantastic social media presence on Facebook. The company has an average rating of 4.1 out of five stars across 584 reviews.

We had to dig deeper, so we started to read more about the customer experiences. Most of the clients recommended this Indiana dealer, highly praising the team’s professionalism and precious metals knowledge.

Final Thoughts: Should You Invest with SilverTowne?

Although SilverTowne has grown to become a large precious metals dealer in Indiana, it still has a charm that you’ll only find in family-operated businesses. With more than seven decades in the industry, the team at SilverTowne is knowledgeable and can guide you according to your needs.

What sets SilverTowne apart from its competitors is its product offerings. It not only has coins, bars, and rounds but also supplies, gifts, and more. The website is easy to navigate, and it doesn’t feel cluttered at all.

However, we don’t like how SilverTowne takes a couple of weeks to dispatch your orders. Although its website states that it can expedite shipping for certain products, the gold and silver bars and coins that are eligible for free shipping can take a while to reach their final destination.

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.

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