Orion Metal Exchange Review

Disclaimer: Some or all of the companies listed here may provide us compensation. This is partly how we keep and maintain our free services for consumers. Compensation and in-depth research from our team determines the results of our reviews.

Orion Metal Exchange is a precious metals company that offers IRA services, multiple precious metals products, and educational resources. It's important that you choose to invest your money with a company that has your best interests at heart. What do past customers have to say about Orion, and what should you know about their offerings?

  • Product Type: Precious Metals
  • Owner: Jacob Blalock
  • Rating: 4.0/5

Important: Before we move on with this review...

Picking a company to invest with is a HUGE financial decision. We have done years of research (updated often) and want to share our results with you before you make this important decision.

See if Orion Metal Exchange made our top 5 precious metals investment companies list this year...

---> Top 5 Precious Metals Investment Companies For This Year <---

Or you can checkout our top recommended company right away below:

Otherwise, feel free to continue with our in depth review of Orion Metal Exchange below!

About Orion Metal Exchange

Orion Metal Exchange Review

Orion Metal Exchange is a precious metals company with experts who have over 50 combined years of experience. When you call the company, you'll get in touch with a representative who can make recommendations based on your goals and needs.

In addition to acquiring precious metals, you can work with the company to liquidate your holdings, or you can ask questions about different economic factors to better understand the changing market.

The company has some IRA services to help you open a precious metals IRA. You can also use their third party storage services to make sure that your metals are secured, whether they're part of an IRA or not. If you make cash purchases outside of an IRA, you can have the metals shipped directly to your home.

What the Company Does

Orion Metal Exchange Review

Orion Metal Exchange is one of dozens of companies that helps people to create and invest in precious metals IRAs. With these self-directed retirement accounts, you have to do a lot of paperwork and meet certain regulations. This can be complicated if you aren't working with an expert.

When you get started with the company, you will be given a personal representative for your account. This experienced individual will be able to answer your questions, walk you through the account setup process, and make product recommendations for your needs.

You are guaranteed to be given real-time pricing on your metals that is based on the current market price. After you set up your account and make a purchase, the company continues to work with you. They will inform you of the various new developments in the precious metals world, including market conditions that could affect the value of your investments.

The company has an internal department made up entirely of IRA specialists. These people know the paperwork and regulations for the industry inside and out. You'll work with this department both when you open your account and when you're ready to take distributions once you reach retirement age.

Company Qualifications

Orion Metal Exchange Review

The company is part of several different organizations and has met certain qualifications in the precious metals industry. Their customer service team has won awards for its responsiveness and helpfulness.

They are authorized to sell coins that have been evaluated by the Professional Coin Grading Service, and they can grade coins themselves. If you have gold or silver coins and need their quality evaluated, you can work with Orion Metal Exchange to do so.

The company also adheres to the standard of integrity imposed by the Numismatic Guaranty Corporation. They are part of the Industry Council for Tangible Assets, which allows them to stay up-to-date on IRS regulations and any impending legislation affecting precious metals ownership.

Website Tools

Orion Metal Exchange Review

When you browse the company website, you will find information about the different coins and metals that they offer. You will also find precious metals charts that are updated in real time. You can use these tools to determine which metals will work best for your purchasing needs.

The company also has a section for teaching you about investing in an IRA. If you're at all confused about the process, you can find answers to most basic questions in their FAQ section. A news section keeps you up to date on the latest economic trends regarding precious metals.

Available Products

Orion Metal Exchange Review

The company mainly deals in a variety of gold, platinum, silver, and palladium coins. Pricing is displayed on the website and adjusts automatically to the changes in the market price of precious metals. Different items might have different value depending on the supply and demand.

Not all of the coins are available for use in a precious metals IRA. When you talk to your account specialist, they will explain which purchases can be used for this purpose.

It is also important to note that you can put bars of certain purity levels into a precious metals IRA. Orion Metal Exchange doesn't tend to stock these.

Orion Metal Exchange Review

There are gold coins available from countries like the US, Canada, and the UK. Some coins are available in proof gold, while others are more inexpensive standard gold production.

The company has the largest variety in their gold coins, but there are multiple silver coins available too. You can get silver coins of many different designs from the Royal Canadian Mint. There is also the option to buy a Rose Crown Guinea.

With the gold coins, there are several proof versions available. But the only proof silver that the company stocks is the American Eagle. The American Eagle is one of the most popular and enduring choices for investing in a precious metals IRA.

Orion Metal Exchange Review

It is unusual that Orion offers platinum and palladium coins. Many precious metals dealers only work with gold and silver, and if they do offer platinum or palladium, they only have them in bar form.

The platinum and palladium options are somewhat more limited than the gold and silver, but that's to be expected. You can get platinum coins in a wide variety of different weights. For example, the American Eagle is available in 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce sizes. There are also proof platinum American Eagles available in the same size range.

Other platinum coins come from a variety of mints around the globe. Some of the options include:

  • Australian Marlin coins
  • Australian Dolphin coins
  • Australian Humpback Whale coins
  • Australian Emperor Penguin coins
  • War of 1812 commemorative coins
  • Rose Crown Guinea pieces in 1/3 ounce

There are no platinum coins available from the Canadian mint, despite there being many Canadian gold and silver options.

There are only two palladium coins that the company sells. Palladium is an exorbitantly expensive precious metal to work with. You can purchase an American Eagle or a Maple Leaf from the Canadian Mint. There are no proof palladium coin options.

The wide range of platinum coin sizes makes this an ideal company for anyone who wants to invest specifically in this precious metal. That goes especially considering that the prices update automatically and can be checked against the spot price in real time.

Fees and Pricing

Orion Metal Exchange Review

You can look at the real time pricing for precious metals on the company website. The prices adjust automatically every minute as the value of the different items fluctuates.

If you make investments that reach a certain monetary threshold, you will be eligible for certain promotions.

The company website does not list a lot of information about their account maintenance fees. They claim that they can act as the account custodian for your IRA. It's unclear whether they themselves are a licensed custodian, or whether they will simply handle contacting a potential custodian for you.

A representative from the company did confirm that the annual fees for storage tend to be anywhere from $75 to $100. The costs depend on your depository of choice and the type of vault that you have. The company does not disclose which depositories they work with, but they say that they have several recommendations within the US and internationally.

The storage fee does cover the cost of insuring your items. You don't have to worry about losing them to theft, fire, or other damage.

To open up a precious metals IRA with the company, you should have at least $5,000 to transfer. This account minimum might be steep for people who don't have well-established retirement accounts, but it is much smaller than the minimum for most competing companies.

If you want to have the advantage of the company's promotions, you should invest a minimum of $30,000. When you meet this threshold, the company will cover your first year of custodial fees, storage costs, and insurance.

The company does not appear to charge any fees to set up your precious metals IRA. Most of the competition charges anywhere from $50 to $150 to streamline the setup process. In addition, you don't need to pay annual agreement fees to Orion for your metals, though you might have custodial fees if they use a third party custodian.

Storage Options

Orion Metal Exchange Review

If you open a precious metals IRA, you will be required to secure the metals in an IRS-approved depository. Depositories must meet strict qualifications for their security and handling. Different depositories will have different fees, and some might offer segregated storage.

With segregated storage, your precious metals are kept separate from those of everyone else. No one except for your custodian and yourself will ever be able to access them.

No matter which depository you work with, your vault will be fully insured. While Orion Metal Exchange does not publicize the names of the depositories they work with, they do say that they can make multiple recommendations inside and outside the US.

If you are making a personal precious metals purchase outside of an IRA, you can store it wherever you want. You aren't subject to IRS regulations.

Home storage is an option, and the company offers services to help you pick out the best home safe. But home storage is also vulnerable to theft, disaster, and loss. You're probably better off storing your precious metals in a safety deposit box or in a secure vault.

The precious metals you purchase will also vary depending on whether you're making a personal or IRA purchase.

Is Orion Metal Exchange a Scam?

Orion Metal Exchange Review

Orion Metal Exchange is definitely not a scam. The company has an accreditation and A+ with the Better Business Bureau. There are also 25 five-star reviews and zero complaints filed with the BBB. Other third party sites like Trustpilot and Consumer Affairs also have largely positive consumer reviews.

The company offers a variety of gold, silver, platinum, and palladium products. They also have IRA services, helping customers to set up precious metals IRAs. Consumers have consistently noted that the company has helpful and efficient customer service, as well as non-pushy representatives.

Pros & Cons of Orion Metal Exchange Review

Pros

  • Consistently positive customer feedback with a high BBB rating.
  • No setup or transfer fees to get started with an IRA.
  • Promotions for free storage for your first year after opening an IRA.

Cons

  • No ability to make direct purchases through the website.
  • Doesn't have bars to put into a precious metals IRA.

Final Thoughts

Orion Metal Exchange is a popular company for opening a precious metals IRA or making other precious metals purchases. Their team of qualified experts can help you through the entire process. They have consistently received positive customer feedback, and they do not have any recently filed complaints with the BBB.

All in all, it's up to you on whether you decide to invest with this company. You should always compare the fees and the pricing of several companies to make sure you're getting the best deal.

Overall, we believe that there is a better option when it comes to your investment.

The above company is our top recommendation after doing extensive research. Feel free to keep doing your own research, or you can visit Orion Metal Exchange below!

Leave a Comment