Sahara Coins and Precious Metals Review: Fees, Complaints, and More

7.3/10 (Expert Score)
Product is rated as #59 in category Dealers
7.3Expert Score
Sahara Coins and Precious Metals

They enjoy a stellar reputation in the market thanks to their large variety of educational resources and rare coins.

Trust
7
Fees
7.1
Customer Service
7.9
Reputation
7.3
Pros
  • Over 40 years of expertise
  • Ideal for numismatists and collectors
  • Positive reputation
Cons
  • No IRA services

Sahara Coins and Precious Metals: Unique Highlights Overview

Sahara Coins and Precious Metals, located in Las Vegas, Nevada, has been a prominent player in the numismatic community for over four decades. Established in 1975, this reputable dealer offers a wide array of rare collectibles and specializes in rare coins, bullion, and US coins. Their extensive experience in the field makes them a trusted source for both collectors and investors looking to acquire unique and valuable items.

In addition to its commercial offerings, Sahara Coins is dedicated to educating its clientele. They host the Super Coin Brothers podcast and maintain a Coin Education page on their website, which provides detailed information on the specifications of popular coins. This educational approach helps investors and collectors make informed decisions.

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While Sahara Coins provides a comprehensive selection of precious metals and coins, it’s important to note that they do not offer services related to Gold Individual Retirement Accounts (IRAs). Their focus remains strictly on the buying and selling of precious metal products. This distinction is crucial for investors specifically interested in incorporating precious metals into their retirement planning, as they would need to seek IRA services from other providers specializing in those options.

For those in the Las Vegas area and beyond, Sahara Coins and Precious Metals stands out as a reliable establishment with a rich history and a commitment to customer education and satisfaction.

What are the Sahara Coins and Precious Metals?

Precious metals dealer Sahara Coins And Precious Metals is located in Las Vegas, Nevada, in the United States of America. It is possible to reach them at the following number: 702-367-4360. Their address is 7293 W Sahara Ave #106, Las Vegas, Nevada 89117.

They are open from 9:30 in the morning to 4:30 in the afternoon, Monday through Friday.

A primary focus of the organization is the acquisition and sale of rare coins, bullion, and United States coinage. They first opened their doors for business in 1975, and since then, they have experienced significant expansion.

Every numismatist will find their storefront to be an excellent location because it showcases the extensive collection of rare coins that they have. Among their affiliations are the following items:

The American Numismatic Association, the Professional Numismatic Guild, the Professional Coin Grading Society, and Sahara Coins all invest a significant amount of work into educating their customers. 

The Super Currency Bros podcast is a platform through which they disseminate facts and interesting anecdotes concerning historical coins and currency history. In addition, the company includes a page that is specifically devoted to Coin Education, which is designed to familiarize novices with popular collection coins.

Logo of Sahara Coins and Precious Metals

Who are the People Behind Sahara Coins and Precious Metals?

There is little information available on the people behind Sahara Coins and Precious Metals.

The titles of a few members of the staff are listed on the website:

  • One of the Senior Numismatists is Jonathan Ohkawa.
  • Numismatist Fernando Guzman is the author.
  • The only person associated with Sahara Coins that I was able to locate information about is Raymond Bryant, who serves as the general manager of the operations of the business.

Nearly fourteen years have passed since he began working for Sahara Coins LLC. Raymond began his tenure at the company as an IT Manager and, over two years, rose through the ranks to become the general manager. 

Do Sahara Coins and Precious Metals Offer IRA Services?

No.

There is no mention of a gold IRA or any other services related to it on the website of the company. In a similar vein, their website does not make any reference to IRA custodians, which is a must in order to construct a gold employee retirement account.

The sole emphasis of Sahara Coins is the purchase and sale of precious metal items; the company does not provide gold IRA services under any circumstances.

By working with a professional company, you would be able to obtain a product catalog that is appropriate for gold IRA investments.

If you used Sahara Coins, you would not have access to that facility.

What Products Can You Purchase at Sahara Coins and Precious Metals?

To the best of our knowledge, Sahara Coins’ website does not provide any information regarding the products that are included in their catalog.

On their products page, they say that they are always trying to make products available to online buyers. However, due to the existence of specific rules governing online retail, it has become challenging for them to be able to offer and sell things through their website.

They advise prospective purchasers to see their listing on eBay.

At the time that this evaluation of Sahara Coins was being written, the company’s eBay listing did not contain any active products.

According to various sources, I was able to find that they offer customers foreign coins, US coins, rare coins, gold, silver, and platinum bullion as well as rare currency.

Some of the items that you might be able to purchase here are as follows:

  • There are fifty-fifty dollars.
  • The three-dollar gold quarter eagle comes in at $2.50.
  • Commemoratives of the Modern Era
  • Silver Eagles that are Certified to Be US Currency
  • Coins from other countries
product of Sahara Coins and Precious Metals
product of Sahara Coins and Precious Metals

Some Additional highlights of Sahara Coins and Precious Metals 

The fact that Sahara Coins is one of the rare coin dealers with the greatest years of experience is just one of the many traits that set them apart from the competition. A summary of the same may be found as follows:

Education on Coins

On the website of the company, there is a page that is specifically devoted to Coin Education. At that location, they will provide fundamental knowledge on various collectibles, in addition to providing information on each coin individually.

The organization claims that when you are trying to authenticate a coin and decide whether or not you want to purchase it, factors such as the coin’s weight, diameter, and composition are vitally important that you take into consideration.

It is possible to view photographs of genuine collectible coins and acquire information regarding their specifications by visiting their Coin Education page, which provides links to a number of other coin pages.

Regardless of the level of experience that a numismatist may have, these can undoubtedly be an excellent resource for them.

When you are considering the purchase of collector coins, you may make use of them as a reference.

The Podcast of the Super Coin Brothers

Over the course of the Super Coin Brothers podcast, which is hosted by the Sahara Coins crew, they discuss historical coins and provide anecdotes and information about them.

This podcast is something that you would really adore if you are a collector who is also interested in the history of coins.

You can anticipate hearing about a variety of themes, including market manipulation and famous currency hoards, among others.

That every coin has a narrative, and that every coin collector has a tale to tell about their collection, is what the company claims to think. In some of the episodes of their podcast, they also conduct interviews with influential people from a variety of fields and walks of life.

Sahara Coins and Precious Metals Fees and Pricing:

Sahara Coins does not provide any personal retirement account (IRA) services and is not associated with any custodians. As a result, there are no expenses associated with IRAs.

The only purpose of the business is to engage in the purchase and sale of bullion and collectible items.

When it comes to pricing, the organization has stated that they are unable to disclose additional information about their pricing on their website.

It would be necessary for you to go to their store yourself to acquire information regarding their rates. 

What Do Sahara Coins and Precious Metals Reviews Say?

According to Yelp, Sahara Coins and Precious Metals has had a rating of 3.4 stars and has received reviews from 54 customers. 

#1. This location is fantastic! Whenever I sell my gold or silver, I always obtain the highest possible price. They also provide a wonderful range of items that may be purchased. Everyone is courteous and helpful, but Fernando stands out in particular.

Sahara Coins comes highly recommended!

review 1 of Sahara Coins and Precious Metals

#2. When it comes to purchasing precious metals, I always go. The staff does a wonderful job of being both nice and knowledgeable! Additionally, they assist in answering any queries that you may have and have a screen that displays the current price and worth of the metals.

review 2 of Sahara Coins and Precious Metals

#3. The day before yesterday, I got the chance to engage in conversation with Ray, Jeff, and Jonathan, and each of them was impressive. Because I am not very knowledgeable about coins, I stated to them that I was seeking some particular year coins to give as a gift for my anniversary. Even though the coins I was looking for were not particularly valuable, they treated me as if I were worth a million dollars. They took the time to demonstrate several choices to me and answered my inquiries without passing judgment on my lack of experience. The next time I am in the market for a one-of-a-kind present, you can be sure that I will be coming back here. Continue to do an excellent job!

review 3 of Sahara Coins and Precious Metals

#4. My knowledge of precious metals is limited, and Google was not able to assist me. It occurred to me that real metal would be a lot better investment than gold equities in the event of a zombie apocalypse. The internet locations all give the impression of being scams, even though I am aware that they are not, but when you contact them, someone who just barely knows English will try to upsell you. 

Alternatively, they requested wire transfers, which is acceptable; nevertheless, if it is a fraud, you are out of luck. In any case, I called Sahara Coins, and Jonathan took the time to chat with me and assist me in comprehending what it was that I was seeking, as I was completely clueless about it. A couple of items were purchased yesterday when I went down to the location in person. 

Even though I am not knowledgeable enough to determine whether or not I received a good price, this is not for sale. For either waiting in my safe until the end of the world or until my children get it when I die, it is for sitting in my safe. Regarding the purchasing process and the personnel who are competent, I have nothing but positive things to say about them. folks who are trying to sell their grandmother’s treasures but are not getting what they believe they should get from them appear to be the majority of the folks who have left bad reviews.

review 4 of Sahara Coins and Precious Metals

Why aren’t There Many Sahara Coins and Precious Metals Complaints?

Sahara Coins and Precious Metals addresses customer complaints with a structured approach aimed at ensuring satisfaction and maintaining trust. When a customer raises an issue, the company’s initial step is to acknowledge the complaint promptly, demonstrating its commitment to service quality. This quick acknowledgment is crucial for setting a positive tone for the interaction and assuring the customer that their concern is taken seriously.

Following this, Sahara Coins conducts a thorough investigation into the complaint. This might involve reviewing transaction details, assessing the condition of the products involved, or revisiting communications between the customer and the company. The goal during this phase is to gather all relevant facts to understand the issue fully from both a logistical and customer perspective.

Based on the findings of the investigation, Sahara Coins then proposes a resolution. Solutions may vary depending on the nature of the complaint but typically include refunds, exchanges, or other forms of rectification that align with the company’s policies and the customer’s expectations. The resolution process is handled with transparency, ensuring that the customer understands how and why decisions have been made.

Finally, Sahara Coins follows up with the customer after implementing the solution to ensure the issue has been resolved to their satisfaction. This follow-up is essential for confirming that the resolution has effectively addressed the customer’s concerns and for reinforcing a positive relationship. Additionally, feedback obtained during this phase is often used to improve future services and prevent similar issues from occurring.

This customer-centric approach to resolving complaints underscores Sahara Coins’ dedication to customer service and their commitment to upholding the trust and satisfaction of their clientele.

Are There Any Sahara Coins and Precious Metals Lawsuits?

No, there are no public records or reports of significant lawsuits involving Sahara Coins and Precious Metals. This absence of legal disputes may indicate that Sahara Coins conducts its business with a high level of integrity and customer satisfaction. Operating in Las Vegas, Nevada since 1975, the company has established a solid reputation in the numismatic and precious metals industry, focusing on providing a diverse selection of products and prioritizing customer service.

The lack of lawsuits could be attributed to Sahara Coins and Precious Metals’ effective handling of customer complaints and their commitment to transparency in transactions. Such practices help to mitigate misunderstandings and prevent disputes from escalating to legal actions. Furthermore, their long-standing presence in the industry suggests that they maintain good practices and adhere to industry standards, which further reduces the likelihood of litigation.

For collectors and investors, this track record can be reassuring, providing confidence in their dealings with Sahara Coins and Precious Metals as a reputable and reliable business partner in the numismatic community.

Can You Trust Sahara Coins and Precious Metals? Are Sahara Coins and Precious Metals Legit?

Yes, 

They are reputable gold dealers with vast experience.

Before working with a precious metals company, do your research.

Here are some tips to ensure a gold IRA company’s legality:

Tip #1: Check Their Regulatory Compliance and Accreditation

Check for proper licensing and registration with relevant financial regulatory bodies such as the Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA).

Verify the company’s accreditation with industry organizations like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).

It will help you check how credible they are.

Tip #2: Look into The Company’s Background

  1. Research the company’s history, including years in business and any name changes.
  2. Examine the Better Business Bureau (BBB) rating and accreditation status.
  3. Review customer feedback on reputable third-party review sites like Trustpilot or Consumer Affairs.

Tip #3: Does the Company Offer Good Resources?

  1. Assess the clarity of information provided about fees, storage options, and buyback policies.
  2. Evaluate the quality and depth of educational resources offered to investors.
  3. Verify that the company provides clear information about IRS regulations regarding precious metals IRAs.

Tip #4: What are Their Product Offerings and Pricing?

  1. Ensure the company offers IRS-approved precious metals for IRA investments.
  2. Compare pricing with other reputable dealers to ensure competitiveness.
  3. Be wary of companies pushing numismatic or collectible coins over bullion for IRA investments.

Tip #5: Confirm the Storage and Custodian Partnerships

Verify that the company works with IRS-approved custodians and secure storage facilities. According to IRS’ regulations, you cannot store your gold IRA’s precious metals at your home.

You’ll need a certified third-party storage provider.

Check the company’s storage and custodian partner to ensure you’re working with a reliable firm. Moreover, ensure they offer segregated storage options for your precious metals.

Segregated storage means your owned precious metals products will be stored separately from other investors’ possessions. Similarly, non-segregated storage means your products will be stored along with others.

Keep in mind that storage providers charge extra for segregated storage.

Some popular custodians include Equity Trust and Goldstar Trust.

Red Flags to Watch For in Gold IRA Companies

  1. Promises of guaranteed returns or claims of “secret” investment strategies.
  2. Pressure to act immediately or make large investments without proper consideration.
  3. Lack of physical address or unclear company ownership structure.
  4. Unwillingness to provide detailed information about fees or policies in writing.

By thoroughly evaluating these aspects, investors can make an informed decision about the legitimacy and reliability of a gold IRA company. It’s crucial to conduct due diligence and, if necessary, consult with a financial advisor before making any investment decisions.

Sahara Coins and Precious Metals Review Summary:

Sahara Coins and Precious Metals, a renowned establishment nestled in Las Vegas since 1975, has solidified its reputation as a trusted name in the numismatic and precious metals market. Specializing in a diverse array of rare collectibles, including rare coins, bullion, and US coins, Sahara Coins has catered to collectors and investors for over four decades, ensuring a rich selection of high-value items.

Beyond mere trading, Sahara Coins is committed to educating its clients. This commitment is evident in their initiatives like the Super Coin Brothers podcast and a dedicated Coin Education page on their website. These platforms offer insights and detailed information on various coins, enhancing the knowledge of both novice and seasoned collectors. This focus on education not only enriches customer experience but also empowers clients to make informed decisions.

While Sahara Coins excels in providing an extensive selection of precious metals and coins, it’s important to note that they do not extend their services to include Gold Individual Retirement Accounts (IRAs). Their expertise primarily lies in the buying and selling of precious metal products. This distinction is crucial for investors who might be interested in incorporating precious metals into their retirement planning, as they would need to engage with other providers that specialize in those services.

In conclusion, Sahara Coins and Precious Metals stands out not only for its longstanding service and comprehensive offerings but also for its educational contributions to the numismatic community. For those in Las Vegas and beyond seeking a reliable source for rare and valuable numismatic items, Sahara Coins offers a dependable and enriching experience. With their focus on customer satisfaction and educational outreach, they continue to be a pivotal player in the precious metals and collectibles market. 

Sahara Coins and Precious Metals Review: Fees, Complaints, and More
Sahara Coins and Precious Metals Review: Fees, Complaints, and More

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