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Monarch Precious Metals Review (2023): Is Monarch Precious Metals Reputable?

Is Monarch Precious Metals Reputable? In this in-depth Monarch Precious Metals review (2023), we have taken a close look at Monarch Precious Metals and the company’s ratings and reviews, products and services, pros and cons, and more to answer the question of whether this gold dealer-refiner is legit.

Important Notice!
Before we go more in-depth on this review, we know that choosing a precious metals IRA company is an important financial decision that can impact your financial future for years to come.

Our goal is to provide you with the most accurate and reliable information to help you identify the best option to grow and protect your wealth today.

With careful and extensive research, we have reviewed and rated the 6 best precious metals IRA companies of 2023 to help make your decision easier!

>>See our list of the top 6 precious metals IRA companies (cash sales also available).

Now, let us see if Monarch Precious Metals made it on our list this year!

Or, check out a time-limited special promotion from our #1 recommended company!

For a limited time, they are offering up to 10% of your order in FREE silver! Meaning that if you purchase metals for $100,000, you get $10,000 in FREE silver!

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Rating Overview From The Same Company:

  • Free Storage for Non-IRA Precious Metals
  • Biggest Promotions in the Industry
  • Unmatched Customer Service
  • No High Pressure Sales Tactics
  • Outstanding Ratings & Customer Reviews
  • FREE and Easy IRA & 401(k) Rollovers
  • A+ BBB Rating and AAA BCA Rating
  • Highest Buy-Back Guarantee
  • 2021 Company Of The Year Award

With that said, let us get back to our Monarch Precious Metals review.

What Is Monarch Precious Metals?

Monarch Precious Metals Review (2023): Is Monarch Precious Metals Reputable?Monarch Precious Metals is a dealer-refinery operating out of Oregon. What do we mean by dealer-refinery? Most dealers tend to source the entirety of their products, and most refineries only sell what they mint themselves.

Monarch Precious Metals operates a somewhat curious space in-between. Only some of their products are proprietary, whereas others were made by refineries around the world.

The company opened in 2008, undoubtedly riding the high in precious metals demand that came as a consequence of the financial crisis around that time.

That they have stayed in business after precious metals prices slumped in 2011 is a bonus, though some of the company’s sides leave wanting. The products themselves look good, but customer service comes off as more of an afterthought to them.

Monarch Precious Metals Reviews & Ratings

However, a major downside is that they do not have any accreditation by the Better Business Bureau (BBB), lack Business Consumer Alliance inclusion, and have fairly negative reviews.
monarch precious metals reviews on the bbb
Additionally, this is the only review they have on TrustPilot so far.
monarch precious metals reviews on trustpilot
Now, let us go over the company’s products before moving on to some parts that we feel could be handled much better.

Products And Services

Monarch Precious Metals’ product offering can easily be called the company’s strongest side. Though some reviews hint at issues with the delivered goods, the quality itself does not look disputable.

Like many private mints, Monarch Precious metals has a wide array of bullion products. The company’s primary focus is on silver, and the palette of available items in this category is greater than all the others combined.

That said, Monarch does place an emphasis on specialty and novelty products that extend past just silver bullion. You will find some interesting items in their inventory that are unfortunately offset by some of the lackluster reputation the company has accrued.

Gold Monarch Precious Metals

gold monarch precious metals

Somewhat surprisingly, those looking for gold Monarch Precious Metals will have the least options available, despite it being the flagship precious metal. Monarch does not mint any gold product itself besides rounds.

Furthermore, the amount of gold bullion products that they offer is there almost as if to not leave a complete void. The gold rounds on offer have a fairly straightforward, if not to say bland, design. They carry the company logo on one side and a design reminiscent of sovereign mints on another.

Considering the diversity and complexity of round designs available from private mints, this can come off as disappointing. The company will also occasionally offer small gold bars in their inventory, but this is more of a “were you browsing the site when it was added” thing.

They are definitely not a dealer you can count on for a steady or larger gold bullion supply. Likewise, their gold rounds are conspicuously small, with the largest denomination being 1/10 oz.

Smaller products carry higher premiums, and rounds weighing as little as 0.008th of an ounce will likely be unappealing to many.

Silver Monarch Precious Metals

silver monarch precious metals 

This is where Monarch Precious Metals has the strongest showing. The array of silver products is considerable. The weights of the products range from 1-gram fractions all the way to 120-ounce pieces.

Monarch groups third-party silver products in the same category based on weight and product type. This means that there can be plenty of uncertainty when it comes to knowing where the bar or coin you are purchasing came from.

Further, some of the sovereign coins that they sell are listed as “imperfect”. This presumably means they have some kind of blemish on them, but it is up to the user to guess how much and what kind.

Monarch’s own silver products are much clearer and involve rounds, bars, and everything in-between. All of the products are claimed to hold a 0.999 silver purity, which should make them IRA-eligible. The site, however, offers very little assistance for buyers looking to store the purchased items in an IRA.

The round designs are very competitive, with some of them being colored and others sporting intricate and amusing designs. Bars are not too far off, either, as plenty of bars have unique designs on them. One, for example, is styled to have a motif of Ancient Egypt.

There are other products that you likely have not seen before, including things like an arrowhead made from 0.999 pure silver. Something for folklore hunters, perhaps?

Another strong point of the firm’s silver offering is the silver grain product, which is presumably the same ore Monarch receives from miners or refineries and uses to make its items. The grain can be bought on an ounce basis.

Copper Monarch Precious Metals

copper monarch precious metals

Copper is not exactly a mainstay when it comes to bullion dealers, primarily because it is not a precious metal. Generally, if you do find copper somewhere in a bullion dealer’s product listing, it will be as part of an alloy used to make American Eagles or Krugerrands.

Not the case with Monarch. Their copper offering is so extensive that it is almost a throwback to a time when the currency was gold, then silver, and then copper.

There are several zodiac-themed copper coins that are undeniably well-crafted and could definitely pass off as something with numismatic value to the untrained eye. Some of the more unusual copper products come in the form of different kinds of copper dice and dominoes. There is even a copper ruler available.

It is clear that Monarch knows, or presumes, that a lot of people enjoy copper as a material and is catering to this client base. In fairness, while not nearly as valuable as precious metals, copper is an attractive alloy, and well-crafted products from it are hardly off-putting.

With how well both silver and copper are represented on the site, we would imagine that something about the company’s bottom line makes it unfeasible for them to deal in gold Monarch precious metals in any meaningful way.

Other Products

other products monarch precious metals

The website has an entire “gift ideas” section where they will suggest how you might wrap a product of theirs to make it as presentable as possible. Gift bags and gift boxes of different kinds are available in combination with virtually any product.

Perhaps the most important item in this category, though, are custom-made products. Like any private mint worth its salt, Monarch offers an array of items that can be tailored to the customer’s liking.

They also have some more unusual items, such as silver rounds with a domed shape. Oh, did we mention the copper ruler?

Pros & Cons Of Monarch Precious Metals

Product selection: Undoubtedly the company’s strongest point, the selection of products that Monarch has will satisfy many. The more unusual items can be difficult to find with most other vendors, making us wonder if Monarch is trying to cater to specific clientele groups alongside bullion buyers.

Navigable website: The website is fairly straightforward: create an account and you are ready to start purchasing. It is free of clunk almost to a fault, having a bare-bones design with just item listings. While their third-party listings can leave some wanting when it comes to knowing what you will receive, the items that have their own listing are described accurately and clearly.

Pricing: Between gold rounds weighing less than a gram and copper coins, there is definitely an aura of affordability to the overall palette. The one-ounce items and the like are competitively priced, but fraction and copper products will allow a greater array of buyers to find something to their liking.

Location: Being based in the US will, for many, be a plus when dealing with a refinery, since many of the top refineries ship from overseas.

Product quality: Although there were some complaints about the state of the received items on the part of customers, there is no denying that Monarch’s craftsmanship is on point. After all, how many refineries are selling a silver arrow?

Minimal online presence: With their copper products reminiscing ancient times, we wonder if Monarch sometimes forgets the importance of maintaining an online presence. For one, they are not accredited by the BBB. And they can be found neither on BCA nor TrustPilot. It is almost like the company does not care about its reputation past what can be obtained through word of mouth and the like.

Some negative reviews: There are some negative reviews, though not many, which again leave open questions. It is visible that Monarch did reply to the customers and attempt to resolve the issue, and it is not clear how much of the issue was caused by Monarch’s products or customer treatment as opposed to misunderstandings.

Lack of positive reviews: Not maintaining an online presence means you will lack positive reviews, which is exactly what has happened with Monarch. They could have hundreds of satisfied customers, but without any of them leaving reviews, one wonders what the company day-to-day looks like.

Lack of product transparency: Some of their products could be more accurately described on the company website, making us wonder if this isn’t the cause of some disputes.

Claims of damaged products: Some of the negative feedback involves claims that the products came with damages. Is this a case of Monarch improperly packing and shipping an item, or the customer not understanding what the “imperfect” tag means? Without greater company transparency, this question is difficult to answer.

Verdict: Is Monarch Precious Metals Reputable?

Monarch Precious Metals

The verdict and the answer to this question are not as straightforward as with other companies. Normally, when asking if Monarch Precious Metals is reputable, one would expect the question to refer to the quality of the company’s products and service.

In this case, however, Monarch’s lack of reputation seems to have more to do with the company not caring about outreach all that much.

The company is not a scam company or anything of the sort, and the products seem to be of good quality. If they were consistently shipping bad items, we imagine we would hear about it a lot more than just the 3 customer reviews on BBB.

Despite this, a company that has been in business since 2008 and deals in precious metals should have a much more significant presence and, indeed, reputation. It seems that it operates in a what-you-see, what-you-get capacity, which simply does not cut it at a time when many competitors are going out of their way to get their brand across.

While there are not any complaints and not really any indications of bad customer service, the lack of any IRA assistance is another issue. Monarch Precious Metals should know that IRA eligibility is very important to many bullion buyers and clarify it up-front as opposed to presumably only answering questions over it through email or phone.

And that’s it!

Monarch Precious Metals Alternatives

If you want to look around a bit more before making a final decision on what gold IRA provider to choose, we have reviewed and rated the best gold IRA companies of 2023. You can request their gold IRA kits directly from the reviews table below:


Company Reviews Annual Fees Investment Minimums (IRA) Preferred Custodian Free Gold Kit
Goldco: Best Overall Gold IRA Company Reviews $180 $25,000 Equity Trust
Reviews $0 $50,000 Equity Trust
Red Rock Secured: Best ROI Gold IRA Reviews $0 $10,000 Equity Trust
Reviews $100 $10,000 Equity Trust
Reviews $180 $10,000 Equity Trust
Reviews $80 $2,000 Equity Trust

About the Author

Frequently Asked Questions & Answers

Why is gold considered a safe haven investment?

Because gold serves as a hedge against inflation, deflation, currency risk, stock market volatility, etc. Gold is a store of value and should be seen as financial insurance. Historically, gold moves in the opposite direction of traditional securities like stocks, bonds, and mutual funds. When the stock market goes down, the price of gold and silver tends to rise. So, if you are looking to minimize risk, diversify your portfolio, and safeguard your wealth during times of heightened volatility, you should hold physical gold.

Why should you invest in a gold IRA?

You should invest in a gold IRA to protect your retirement savings account and make sure your assets are safe and secure, while also ensuring that your wealth will appreciate. By investing in gold and other precious metals through a gold IRA, you do not have to worry about a possible stock market crash or inflation, where your paper assets would lose their value. It also allows you to take advantage of a simple and easy IRS loophole that allows you to hold physical gold and silver with the money you already have saved in your retirement accounts, completely tax and penalty-free.

Is a gold IRA a safe investment?

Yes. Your precious metals investments are stored with a custodian, just like any other IRA asset. An IRA custodian is a financial institution that holds your account’s investments for safekeeping and sees to it that all IRS and government regulations are adhered to at all times. The custodian could be a bank, credit union, trust, or another company called a non-bank custodian.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals in an actual gold IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access and keeps all precious metals segregated by the customer. This ensures exact metals purchased by a specific customer are returned to that same customer once legal distribution requirements are met.

In other words, just like a Traditional IRA, the access to the precious metals in your Precious Metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Is the value of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. This is why it is good to diversify your portfolio with other asset classes such as cryptocurrencies, real estate, etc.

Should I invest in physical gold, future options (ETFs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

Should I buy gold coins or gold bars?

It depends on your individual investment goals and situation. Gold bars are the largest and most efficient way to purchase and store large amounts of gold. They are usually also the most cost-efficient because they have the smallest premium over the gold spot price and the lowest markups for design and transportation. They are also easier to stack and more difficult to counterfeit.

Gold coins are smaller and more convenient than gold bars, but they are also harder to store because they are easier to lose. Gold coins are less efficient than bars for holding large amounts of metal and some of them may come with a higher premium over spot since they can be marked-up for design or rarity. Although, gold coins are more useful for people who intend to use their gold as money.

When it comes to gold IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS or your gold IRA company maintains a list of acceptable forms of precious metals for IRAs.

When will I be eligible for distributions from gold IRA?

At age 59½, you or the beneficiary of your gold IRA can start taking penalty-free distributions from the account, according to the IRS.

Extended Gold IRA FAQ

See more frequently asked questions and answers about Gold IRAs
About How To Invest Gold

Our Mission

For over a decade, our mission has been to provide investors and retirees with all the information they need when it comes to precious metals and cryptocurrency investing.

Gold backed IRA - Goldco, Regal AssetsNot only do we provide a complete guide on the best ways to invest in precious metals, but we have also carefully vetted the best precious metals companies in the US to help you choose the best provider for your investment needs.

We believe that investing in precious metals and cryptocurrencies through your 401(k)/IRA is one of the best ways to invest in this asset class, due to the tax-saving component. A gold IRA or crypto IRA is the best way to protect your retirement account against an unstable market.

Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase. Learn more in our Terms of Service.

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