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Bear Lake Gold has carried out this Westminster Mint review to give you our expert view on this precious metals company, its fees and costs, and what it sells. As an essential aspect of this review, we will provide correct details about the company's precious metal IRA, coins, and bullion offerings.

We carried out this review using our standard Gold dealer review methodology. As a vital aspect of our review procedures, we consulted with some of the company's United States-based customers and its employees.

As experienced analysts, we did not rate Westminster Mint in our top thirty recommended companies in the precious metal niche. If you are interested in why we did not list the company among our top thirty selected companies and why we selected our top five recommendations, keep reading.

The average retirement savings for all United States-based employees is $97,000. However, in 2021, the expected savings required to guarantee a comfortable retirement was $1.04 million; It increased by 10% that year.

The increasing rate of inflation and the cost of living contributed to the increase in required retirement savings. The only remedy to this problem is to invest your retirement savings in a wealth-growing investment plan. Many investment vehicles can help you build wealth, but precious metal IRA investments have proven to be one of the best.

Precious metal investments will help you shield your retirement savings from the effects of inflation while growing your money in the long run. Furthermore, investing in precious metals is like investing in a tax-efficient saving regime.

This review aims to help you decide if an investment through Westminster Mint would be better than choosing one of our highest-rated, proven gold investment companies. We have been in the precious metal industry for a long time, and through our reviews, we have helped investors select the best companies for their investment needs. Only Goldco, Augusta Precious Metals, American Hartford, Birch Gold Group and Noble Gold Investments passed all our standard review checks. Hence, they are the best companies to invest in the precious metal industry.

Our Top Five Recommended Gold IRA Providers are

  1. Augusta Precious Metals

  2. Goldco

  3. Hartford American Gold

  4. Birch Gold 

  5. Noble Gold

Please click the buttons below to request your free precious metals buying guide from each of our top five rated precious metal IRA companies.

zero fee IRA
Westminster Mint Scam or Legit

Westminster Mint Reviews

Introduction to Westminster Mint

Westminster Mint is a precious metal company founded in 2001. The company was founded in Minnesota, United States. In 2008, they got their BBB (Better Business Bureau) accreditation and currently have an A+ rating with BBB. Westminster Mint offers customers a large selection of precious metal products. However, they do not provide precious metal IRA services.

When we spoke to one of their clients, he told us that working with them reassures your heart that you are working with a company that understands the intricacies of precious metal investing. He told us that the team members he contacted when he started investing through the company seemed to be experts in the precious metal niche.

The company is an authorized dealer of graded and certified coins by the NGC (Numismatic Guaranty Corporation), ANACS (American Numismatic Association Certification Service), and PCGS (Professional Coin Grading Service).

Westminster Mint also has a free mobile application. Customers can download the application and use it to buy or sell bullion, check the trends in the market, and track their precious metal products.

In addition to selling simple bullion products, Westminster Mint sells collectible coins. They also sell banknotes, foreign, hoarded, shipwrecked, certified, and modern coins.

The prices of the company's precious metal products are based on real-time market prices.

Buying bullion is not as risky as investing in collectibles. The demand for collectibles is currently lower in the market than the demand for bullion. Therefore, people mostly buy them as they command lower prices and, therefore, have a low cost to enter this market.

Other factors determine the value of a collectible apart from its melt value. These factors include:

  • The coin's condition (Poor condition coins are difficult to resell)
  • The mint date of the coin.
  • The rarity of the coin.
  • The mint mark on the coin.
  • The coin's provenance.

One of Westminster Mint's Hallmark products is its silver bars. Their silver bar has a .999 purity level. The company stamps these coins' weights and purities on them and wraps them with plastics to serve as a protective cover. The aim is to prevent the coins from degrading due to contamination. They send these coins to their customers wrapped in these plastic protective covers.

We found that they operate an online eCommerce platform. They aim to provide their customers with a wide selection of coins, rounds, and bars at a very affordable price and with swift delivery to all customers' locations.

Westminster Mint Management Team

What Westminster Mint Sells

Precious Metals

The company sells precious metal products in the following categories.

  • Gold
  • Silver
  • Rare and Collectible Coins

Westminster Mint Costs and Fees

When we spoke to a customer service representative, we were told that "the company's primary focus is to sell silver." We are unsure why they said this, but they may have higher margins when selling silver rather than collectibles or gold products.

You can see the wide range of products the company sells and pricing information on its website. As a prospective customer, you can compare their prices with other precious metal companies before investing.

It is important to note that the price of a coin can be affected by its conditions. From what we found out while interacting with a team member, if a coin is extremely cheap on their website than other companies' websites, it could be because it is degrading or has a defect. Selling a degrading coin is difficult, so the company significantly reduces its price.

enterprise bullion gold ira

Services/Products That Westminster Mint Offers

You will find the following products on the company's website for sale.

Precious Metals

Gold Coins

  • Gold American Eagle Coins
  • Gold Canadian Maple Leaf Coins
  • Gold American Buffalo Coins

Gold Bars

  • 1 gram PAMP Suisse Gold Bars
  • 1 oz PAMP Suisse Romanesque Cross Gold Bars
  • 5-gram PAMP Suisse Gold Bar
  • PAMP Suisse 25 x 1 gram Gold Bars in Multigram Assay Holder
  • 10-gram PAMP Suisse Romanesque Cross Gold Bars

Silver Coins

  • Silver American Eagle Coins
  • Silver Austrian Philharmonic Coins
  • Silver Canadian Maple Leaf Coins
  • Silver Australian Kangaroo Coins
  • Silver Great Britain Britannia Coins
  • Morgan Silver Dollar Coins
  • Peace Silver Dollar Coins

Silver Bars

  • 10 oz Westminster Mint Silver
  • 1 oz Westminster Mint Silver
  • 10 oz Silver Bullion Ingots
  • 1 oz Silver Bullion Ingots
  • 1 troy oz PAMP Fortuna Silver Bar
  • 5 troy oz PAMP Fortuna Silver Bar
  • 1 troy oz PAMP Fortuna Silver Bar
  • 10 troy oz PAMP Fortuna Silver Bar

Silver Rounds

  • Silver American Buffalo Rounds
  • Silver Bullion Rounds Monster Box (500 coins)
  • Silver Eagle Type III Design Bullion Rounds

Rare and Collectible Coins

Ancient Coins

  • Alexander III the Great (336 – 323 BC) coin
  • Attica, Athens (165-42 B.C.) coin
  • Phocus (AD 602-610) coin

Shipwreck Coins

  • 1857 Double Pinch Gold S.S. Republic Coin

Gold Hoard Coins

  • 1912 $5 Gold Bank of Canada Hoard Coins
  • 1914 $5 Gold Bank of Canada Hoard Coins
  • 1913 $10 Gold Bank of Canada Hoard Coins
  • 1914 $10 Gold Bank of Canada Hoard Coins


Westminster Mint does all it can to process customers' orders quickly. Our research showed the average time for a shipment to arrive was three days after confirmation. However, the website states customers will receive every shipped order within fifteen days. The company carries out its shipping procedure through U.S. Priority Mail, and for orders above $100, the company will require a signature from the customer on delivery.

Every order the company sends out carries full transit insurance for protection. The insurance keeps its customers assured that their precious metal products are safe.

Unlike other companies that offer customers free shipping when they buy precious metal products worth specific amounts, Westminster Mint does not offer a free shipping service to its customers. Their shipping fees and costs are based on the value of the precious metal products you buy. For instance, shipping orders worth $300 will cost you $11.40, while shipping orders between $50,001 and $100,000 will cost you $294.

Refund and BuyBack Policy

The company says they do not doubt their customers will be satisfied with any products they purchase. However, customers can return their products for a refund within 30 days of purchase if they are not satisfied with the quality of the products. Customers will get a refund if they return the products in good condition.

The company will pay the total price of the precious metal and any tax cost incurred during the product purchase as a refund. However, the company will not include Handling and Shipping charges or the charges for shipping the products back with full insurance.

The company's refund policy applies to all products on its website except for silver bullion bars, coins, rounds, wafers, ingots, and gold.

For the products that the refund policy does not cover, the company repurchases them at the industry spot price on the day of return. Depending on the current prices, they may buy it at a higher or lower cost than the price they sold it to you at.

However, after 30 days, products like certified coins, collectible coins, and numismatic coins will no longer be eligible for the company's buyback policy.

To begin the return process, you will contact the company by sending a mail to [email protected]. The company will send you an authorization number for the return. You must write the number on the package before sending the product(s) back to the company.

How Do Customer Review Sites Rate Westminster Mint?

BB Review and Customer Testimonials


Westminster mint had 9 closed complaints in the last three years

Business Consumer Alllience Review

No Reviews Were Found

No Reviews Were Found

Google review

No Reviews Were Found

No Reviews Were Found

Facebook Reviews

No Reviews Were Found

No Reviews Were Found

Trustpilot Reviews

3.7 out of 5 stars

We found only one excellent review

Westminster Mint Promotions & Free Silver

At the time of writing this review, Westminster Mint had no promotions listed on their website, and when we spoke to customer services, they also told us they had no promotions.

If you are looking for an incentive to open an IRA account, the best incentive we can find is currently via one of our top five recommended Gold IRA companies, Goldco; they are offering up to $10,000 in free coins when you open a precious metal IRA account. For more detail click on the banner below.

free $10,000 in silver

Westminster Mint Pros And Cons

Westminster Mint is more of a specialist coin dealer than others in this sector
They sell high-quality silver and gold coins and bars.
All orders placed with them include in-transit insurance.
They are transparent about their pricing. Each product on the company's website has its price attached to it.
They have a mobile app that customers can download for free.
They are transparent about their pricing. Each product on the company's website has its price attached to it.
They offer customers refund and buyback programs.
Westminster Mint does not offer IRA services.
They have more negative reviews and complaints. For instance, a customer complained about the company upselling a more expensive silver eagle package
You will always have to pay your own shipping charges as no free shipping option is offered.
On higher-value orders, shipping fees can be excessive.
avoid scam gold ira companies

Conclusion - Westminster Mint Review

To conclude this review, we will give our final thoughts; Westminster Mint is a legitimate company and not a scam company, in our opinion.

The company has been doing business successfully since 2001 and is a BBB-accredited business. We were disturbed by the low number of positive reviews this company has received, especially for a company that has traded for over twenty years. From the reviews we read and the customers we spoke to, we believe poor customer service is at the heart of the low number of positive reviews.

Westminster Mint does not offer Gold IRA or other Precious Metal IRA services.

Therefore, if you are serious about meeting your investment needs, we would not advise you to invest through this company. Our five top-rated precious metal companies, Augusta Precious Metals, Goldco, Hartford American Gold, Birch Gold Group and Noble Gold Investments are the best in the industry when you want to purchase precious metal products for your collection or start a Gold IRA.

These companies have a lot of positive 5-star reviews on public rating sites, a wide selection of products and services, excellent customer care, and they offer IRA services. If you live in the United States, investing through these companies ahead of your retirement could be one of your best decisions.

To open your own gold IRA call Augusta Precious Metals, our number one recommended partner right now.

 Call (855) 960-1374

Our Recommended Alternatives To Westminster Mint

Goldco best ira company review

Read the full Goldco review here.


  • 2nd Ranked Gold IRA dealer.
  • Offers a wide range of gold and silver bullion.
  • Top ratings from BCA, TrustPilot, and other third-party review sites and excellent customer reviews.
  • Biggest promotions in the industry.
  • Best buyback program.
  • No high-pressure sales tactics.
  • Most competitive pricing.
  • Works with the most secure storage companies.
  • Dedicated expertise in precious metal.
  • Excellent customer service.
augusta Precious Metals

Read full Augusta's review here.


  • Most trusted bullion dealer.
  • Award-winning recognition for account lifetime customer service Money magazine's "Best Overall" & Investopedia's "Most Transparent" in 2022.
  • They offer exceptional service.
  • They sell high-quality coins and bars.
  • Experienced professionals and financial advisors to help you make the ideal financial decision.
  • Only gold IRA firm with ZERO complaints at BBB, BCA since launching in 2012.
  • Thousands of 5-star ratings and positive reviews from customers.
  • Must-watch: Free web conference with an excellent focus on consumer education.
  • Endorsement by high-income customers, including corporate ambassador Joe Montana whose team found this company for him.
Hartford American

Read the full Hartford review here.


  • Easy-to-open silver & palladium IRA accounts with very competitive rates.
  • Free storage, maintenance & insurance for up to 3 years.
  • Physical gold and silver delivered to your front door at no additional cost.
  • A hassle-free process to buy back your precious metal with no fees.
  • Does not share your information with any private or public entity.
Birch gold reviews

Read the full Birch Gold review here.


  • Top ratings from national consumer agencies.
  • Opportunity to invest in palladium and platinum.
  • For investments above $50,000, no fee in the first year.
  • Exceptional customer service, support, and advice.
  • A strong market presence and a history of nearly 20 years.

Read the full Noble Gold review here.


  • They have high ratings on more than one trusted customer rating site.
  • Their team of investment experts will give you detailed guidance to make the perfect choice for your gold investments.
  • They offer competitive prices.
  • They have a wide selection of gold and silver investments.
  • Their minimum initial investment is $2000.
  • They give their customers a free gold IRA guide.
  • They have their IRS-approved storage facility in Texas.

Frequently Asked Questions About Westminter Mints Gold IRA 

Is Westminster Mint a Scam Company

From the various discussions we had over a three-month period with various past and present customers of Westminster Mint, and the interactions we had with representatives of this company we do not believe they are a scam operator. However, when it comes to investing in a Gold IRA or rolling over a retirement plan into a Gold IRA we recommend Augusta Precious Metals, Goldco, or Hartford American Gold over Westminster Mint

Does Westminster Mint Offer Precious Metals Storage?

Yes! Westminster offers storage of precious metals to customers interested in storing them long-term and short-term. They provide a variety of third-party storage facilities for you to choose from

Does Westminster Mint Require a Minimum Purchase for Precious Metals?
No! The dealers do not require any minimum purchase. Nevertheless, certain products may require a higher minimum. For instance, some silver and gold coins may require a minimum purchase of at least ten.
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