Universal Coin And Bullion Review

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Universal Coin and Bullion is a precious metals that offers rare coins, gold, and silver. They also have some precious metals IRA services. On their website, you will find a variety of educational resources. Many of these are created by Mike Fuljenz, who operates the company and has a long history in the business.

But what exactly do they offer? Are they actually a legitimate company, and what do you need to know before getting started? We've broken down the basics.

  • Product Type: Precious Metals
  • Owner: Mike Fuljenz
  • Rating: 2.5/5

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About Universal Coin and Bullion

Universal Coin And Bullion Review

Universal Coin and Bullion was founded in 1991, and it still operates out of Texas to this day. The company received a Better Business Bureau accreditation in 1995. While their main focus is on rare collectibles, they do have some IRA-eligible products.

The company does focus significantly on client education. When you look at the articles section of the website, you can find commentary on different current events from the company owner. You can also find information about the precious metals market, investing, and what consumers should know when they're picking the right investments for their future.

Universal Coin and Bullion's founder is a man named Mike Fuljenz. He has been working in the industry for more than 40 years. Because of his commitment to client education, he has been the recipient of multiple regional and national awards.

IRA Services

The company's website indicates that they are able to help customers with starting an IRA. But it doesn't have much more information than that. If you want to open an IRA, you're asked to fill out an inquiry form, and then you'll be sent more information.

Some things that remain unclear include:

  • There isn't information about the fee to set up an IRA.
  • It's unclear which custodians and storage services the company works with.
  • The company does not appear to provide their own storage services.
  • It's also unclear whether they have an in house IRA team, or whether they just direct you to the custodian to get started.

All in all, it's clear that this is a company that doesn't focus a lot on the IRA side of things. Unlike companies that specialize in the IRA process, the main focus of Universal Coin and Bullion is on collectibles and smaller coin purchases.

But if you are interested in collectibles, you might be pleased by what the company has to offer.

Gold Products

Universal Coin And Bullion Review

When you want to buy gold through the website, you will have an opportunity to choose between different product categories. In addition to buying bars and rounds, you can also look for coins from a variety of different mints.

The available categories include:

  • Separate categories for coins and bullion from the US Mint
  • Royal Canadian Mint products
  • UK Royal Mint products
  • Mexican Mint products
  • Australian Mint products
  • Products from other world mints

You also have the option to invest in CAC coins. These are coins that have been certified through the Certified Acceptance Corporation. The CAC is a third party certifier that only works with coins that have also received certifications from the Professional Coin Grading Service or Numismatic Guaranty Corporation.

CAC Coins

Universal Coin And Bullion Review

There are quite a few CAC gold coins available on the Universal Coin and Bullion website. The availability of different products might vary depending on the inventory. Some of the customer complaints about the company have been related to delays on shipping, which in turn were related to a lack of available inventory.

The company website does tell you whether a coin has been sold or not. Currently, all six of the gold coins listed in the CAC inventory are marked as having been sold.

Some of these include:

  • A 1950 gold coin
  • A 1920 Maine gold coin
  • A 1935 Hudson gold coin
  • An 1879 Flowing Hair designed coin

US Rare Coins

Universal Coin And Bullion Review

As mentioned, the website has separate categories for rare coins and bullion from the US Mint. The rare coins include items that are difficult for collectors to find. Because they are difficult for collectors to find, they are often marked up at a higher premium than normal bullion.

Rare coins are a riskier investment than normal bullion because of how they're priced. If the demand for the coin becomes higher in the future, the investment can see significant growth. But if the demand falls, then you might end up paying much more for the coin than its actual future melt value.

The gold coins are also marked as sold or out of stock when they leave the inventory. Most of the listings as of writing are marked as sold or out of stock. We had to navigate to the second page of the listings to find any of the coins that were still available for purchase.

When the coins are available for purchase, their pricing is listed on the website. You can put them in your online shopping cart.

Some of the currently available coins include:

  • $3 Indian Princess coin
  • $5 Indian coin
  • $10 Indian coin
  • $20 Type III Liberty coin
  • $20 Saint-Gaudens coin

Some of these coins are available with a few different grading certifications. The higher quality grades are listed for higher prices through the website. The most expensive of the currently available coins is the $3 Indian Princess, probably because of the product's significant rarity.

US Mint Bullion

Universal Coin And Bullion Review

There is quite a bit of bullion available from the US Mint. Many of these coins are available to place in an IRA. Rare coins and collectibles, on the other hand, are not eligible for storage in your IRA.

If you want to purchase coins for your IRA, you need to make sure that they're IRS-approved. The IRS only allows certain coins from certain mints to be entered into your account, and they need to be stored in special facilities.

It seems like Universal Coin and Bullion has more rare coins in stock than regular bullion. There were about 29 listings for the rare gold coins, and there are just four current listings for the bullion. All are in stock, though.

The coins that you can purchase include:

  • $50 American Gold Eagle from 2021
  • $50 American Gold Buffalo from 2021
  • $50 American Gold Eagle with a common date
  • 1 ounce American Gold Buffalo with a common date

The prices for the items are very similar, so choosing the one you want is mainly a matter of picking the design and the date that you're most interested in.

Coins from Other Mints

Universal Coin And Bullion Review

When you navigate to the pages for the other mints, you're given a brief history of the mint itself. Then you're shown the available inventory.

Though the company claims to have coins available from a variety of international mints, there's no guarantee that they will actually have those coins.

For example, there's nothing currently listed for the Royal Canadian Mint, Mexican Mint, or Australian Mint. But as the company has more inventory shipped, they may put up new listings in the future.

Products available from mints outside the US as of writing include:

  • 1 ounce 2022 Britannia from the UK Royal Mint
  • 1 ounce 2021 Philharmonic from Austria
  • 1 ounce Krugerrand from South Africa

All in all, this is a very limited selection, especially considering how many other gold dealers have significant amounts of international coinage available. It's clear that rare coins are where the company puts their focus.

Bars and Rounds

There is a section for the company to list their gold bars and rounds. But if you thought that their selection of bullion coins was small, you'll be even more surprised by this.

Currently, the only item listed for sale in this category is a 2018 Central America Gold Pinch round. There are no bars to speak of.

It's unclear why there isn't a quick option to browse all of the available gold on the site. Since so many of the categories only have one or two items, it would make sense to have everything clustered on one page.

Silver Products

Universal Coin And Bullion Review

The company does a great amount of dealing in silver. Like the gold products, there are separate categories for rare coins and normal bullion from the US. The other product categories are the same as well, with one addition: You can buy silver bullets, too. You can also browse a "Top Picks" category.

Some of the available rare coins from the US include:

  • A 1964 Kennedy half dollar
  • A Morgan silver dollar

There do seem to be much more robust choices for silver investment. For example, when you browse the Top Picks category, you'll find different silver bars, coins from different worldwide mints, and several different types of silver American Eagles.

The silver bullets come in one ounce and two ounce sizes. It's not clear whether these are compatible with any actual firearm, or whether they're just built for novelty purposes. Either way, both of the products are out of stock as of writing this article.

NRA Offer

Universal Coin And Bullion Review

The company actually has offers related to the National Rifle Association, as the company owners works closely with the organization. Universal Coin and Bullion is endorsed by the country music artist Lee Greenwood, who identifies as a patriot.

Under the company's NRA Offer page, these are some of the products that are available:

  • NRA Anniversary round in silver from 2021
  • Silver American Eagle from 2021
  • 1 ounce Donald Trump round in silver from 2021
  • 1964 Kennedy half dollar in silver
  • $50 American Eagle in gold from 2021

Company Education

Universal Coin And Bullion Review

The company has a variety of educational materials available online. The company owner Mike Fuljenz writes his own column with his takes on current political happenings and economic events.

Under the Learn More section of the company website, you can find a huge amount of information about different coins. These resources teach you about different types of coins, how gold coins are certified, what different investment strategies are available, and how you can protect your assets by diversifying into precious metals.

There are even sources that talk about the most famous and successful coin collectors in the industry. If you have an interest in coin collecting, these resources might be of a great deal of interest to you.

Is Universal Coin and Bullion a Scam?

Universal Coin And Bullion Review

Universal Coin and Bullion does not appear to be a scam. The company is well established and has been accredited with the BBB since the 1990's. In addition, they hold an A+ rating with the organization.

However, they might not be the best company to do business with when you want to buy precious metals. The company does have seven complaints filed against it with the BBB in the past three years. The BBB page also notes that customers with issues should contact the company's customer service line directly to have their problems addressed.

BBB Complaints

Universal Coin And Bullion Review

Of the seven complaints filed in the prior three years, three of them were filed in the last twelve months.

Three complaints were related to delivery issues, two were related to problems with the sales and advertising, and two were related to issues with the products themselves.

The complaints publicly available on the BBB website don't always accurately reflect every complaint that a company has received. It is possible for people to file complaints without making the details of their problem public.

The company has responded to all of the complaints. In many of the cases, they have sent along extra products free of charge as a way of apologizing for the issue. Most other companies don't bother to go so above and beyond.

So Should You Buy Here?

A few complaints are expected with a company that has served this many customers for this long. And it does seem that Universal Coin and Bullion has done its best to address all of the issues. Because of their rapport with customers, they have an A+ with the BBB.

There are also some glowing reviews of the company from past customers. It seems like a fair number of people had a perfectly good experience with the customer service. It's unclear why the company has left a notice with the BBB that customers should contact their service line instead.

But even though the business seems to have solid customer service, it can't necessarily stand up to the competition.

For example, their IRA program isn't very streamlined, and there isn't much information about it available online. Not all of the pieces they sell are available to be placed in an IRA, and some collectible coins can be a risky purchase.

As a general rule of thumb, it's better for those investing in gold IRAs to work with a company that specializes in this area. Universal Coin and Bullion has been around for a while, but it hasn't necessarily kept up with the times.

Pros &  Cons of Universal Coin And Bullion

Pros

  • Fair amount of gold and silver products available.
  • NRA collectible coins.
  • Company owner has decades of experience.

Cons

  • Some complaints with the BBB.
  • Not the most robust IRA programs.
  • Other companies might have a stronger online presence.

Final Thoughts

Universal Coin and Bullion is a perfectly respectable company. It has a long history in the precious metals industry, and it's run by a man who has decades of experience. In addition, it might appeal to fans of the National Rifle Association, as there are NRA commemorative coins available for purchase.

However, if you're looking to open a precious metals IRA, this company isn't necessarily the best choice. While they do have some IRA services, they aren't very detailed about what those entail. There are other companies with entire specialized teams that are built to walk you through the IRA process instead.

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 Universal Coin And Bullion below!

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