Is Oz Coin & Bullion Worth It? In-Depth Review

Considering diversifying your investment portfolio? Try trusted 1 oz gold coins like the American Gold Eagle or Canadian Gold Maple Leaf.

Oz Coin & Bullion is a U.S.-based dealer in American Fork, Utah. Stephen Pfiel leads it, and it focuses on physical gold and silver, including exclusive OZ-Mint items like the Tudor Beasts series.

They offer live spot pricing and free express shipping on orders over $199. This helps with wealth preservation and diversification.

This review checks their credentials and pros and cons. It covers buyback options, pricing, premiums over spot, market trends, global liquidity, and capital gains tax implications to help you decide.

Key Takeaways:

• Oz Coin & Bullion is a legitimate U.S.-based dealer in Utah, offering transparent live spot pricing and verified business credentials, making it a reliable choice for precious metals investors seeking gold bullion with high global liquidity.
• Key pros include free express shipping on orders over $199 and a straightforward buyback program with competitive buyback prices, enhancing convenience for buying and selling gold, silver bars, rounds, and coins, including 1 oz gold coins.
• While pricing is competitive with exclusive OZ-Mint items, potential cons like fees warrant comparison shopping to determine if it's worth it for your investment needs.

Want to feel confident in your gold buys? Verifying Oz Coin & Bullion's legitimacy builds trust and peace of mind for investors.

Oz Coin & Bullion, a United States-based precious metals dealer headquartered in American Fork, Utah, specializes in the distribution of physical gold and silver products. Verifying the legitimacy of their offerings, as explored in our in-depth review of Minot Coin & Bullion, is essential to fostering investor confidence and trust.

Verification of Business Credentials

To verify the legitimacy of Oz Coin & Bullion, begin by examining their United States headquarters located in American Fork, Utah, and reviewing official business registrations as a precious metals dealer and numismatic dealer.

The following steps provide a structured approach for comprehensive verification:

1. Consult the Utah Division of Corporations database (available at corporations.utah.gov) to confirm Oz Bullion's registration at the American Fork address. This process typically requires 5-10 minutes and will reveal the entity's active status and filing date (e.g., established in 2015, as indicated in public records).
2. Inspect the company's website for SSL encryption, identifiable by the "https://" prefix and padlock icon in the browser address bar. Additionally, ensure that all contact information precisely matches the headquarters details to identify any discrepancies that may indicate fraudulent activity.
3. Evaluate customer testimonials and reviews on reputable platforms such as Trustpilot or BBB.org. Oz Coin maintains an A+ rating with the Better Business Bureau and has recorded minimal complaints as of 2023.
4. Validate product claims against established industry standards, such as those set by the Professional Numismatists Guild. This includes verifying assays to confirm the authenticity of gold and silver items, checking gold purity (such as 24k gold or 22k gold), and examining security features like radial lines, laser engraving, micro text, latent image, reeded edge, and milled edge.

It is advisable to avoid common errors, such as neglecting address verification. Remain vigilant for potential scam indicators in bullion transactions, including unsolicited offers or high-pressure tactics to expedite purchases.

Looking for standout advantages?

Oz Coin & Bullion shines with live spot pricing and free shipping-key wins for smart investors. Oz Coin & Bullion is recognized as a reputable dealer in the United States, distinguished by key advantages such as live spot pricing and complimentary shipping on orders exceeding $199. These features deliver substantial value to investors in precious metals.

Live Spot Pricing and Transparency

Oz Coin & Bullion offers live spot pricing for gold and silver. This lets you buy at real-time market rates.

Spot price is the current value of the metal. For a 1 oz American Eagle gold coin from the United States Mint (introduced in 1986), check Kitco for about $2,350 per troy ounce. Those curious about Kitco might appreciate our in-depth review.

Buy from Oz Coin & Bullion with just 2-3% premium over spot. These coins have face value as legal tender, offering VAT-free benefits in some places.

This beats the 5-10% markups from fixed-price dealers. You'll save money and get clear deals.

Get instant spot price updates on Oz Coin & Bullion's website. This cuts premiums and builds trust with clear, real-time prices.

These benefits boost ROI for bullion by 1-2%, per a 2023 Numismatic News study. They help protect your money during market ups and downs, aiding liquidity and saving wealth.

Free Express Shipping Over $199

Orders exceeding $199 from Oz Coin & Bullion are eligible for complimentary express shipping, providing secure and expedited delivery of physical gold and silver products throughout the United States.

For instance, a customer interested in silver rounds priced at $25 each can reach the threshold by purchasing eight units, totaling $200, thereby eliminating shipping fees that typically range from $15 to $25, while aligning with investment goals.

This option offers distinct advantages, including delivery within 1-3 business days via UPS or FedEx. It is substantially faster than standard ground shipping, which may require 5-7 days.

Free express shipping over $199 offers these perks:

• Secure packaging in insured, tamper-evident boxes protects against loss or damage.
• For large orders like 10-20 ounces of silver, it saves 5-10% on costs, or $10-20 per order.
• Easier portfolio diversification without extra fees boosts liquidity for investors.

Got concerns about downsides?

Oz Coin & Bullion has minor limitations, but smart strategies can help you navigate them. Although Oz Coin & Bullion demonstrates strong performance in its primary services, certain limitations may arise, such as a restricted range of products outside of conventional bars and coins. Nonetheless, no significant concerns are evident in their United States-based operations.

To mitigate these key limitations, the following actionable recommendations are provided, drawing from the company's offerings:

1. Their selection is smaller than numismatic specialists (dealers in rare coins): Use their sell-to-us program to quickly sell rare, proof, or uncirculated coins. It offers competitive prices, like 2-4% over spot for American Eagles.
2. Limited focus on collectibles: Augment this shortfall by employing their bullion buyback service with favorable buyback prices (prices they pay when buying back your items), which is particularly suitable for divesting standard items in light of current upward trends in gold prices and market trends. Spot prices have increased by 15% year-to-date, according to Kitco data.
3. Unspecified details regarding buyback processes: Obtain quotations through their online portal and consistently compare premiums against those offered by competitors, such as JM Bullion, to confirm optimal value and get the best deal.
4. Restricted variety in exotic items: Capitalize on liquidation options for surplus inventory to address these gaps, especially within a market context where demand for gold bullion rose by 20% in 2023, as reported by the World Gold Council.

How Does Oz's Buyback Program Work?

Oz Coin & Bullion offers a "Sell to Us" service that allows clients to liquidate their physical gold and silver bullion at competitive buyback prices (the amount they pay you). This makes it easy to enter or exit precious metals investments with high global liquidity (easy to buy or sell worldwide).

To initiate the process, please follow these four steps:

1. Contact Oz Coin & Bullion via their website or telephone to begin; they will provide a quote based on the current live spot price for your items.
2. Ship your bars, rounds, or coins using insured packaging and a tracked express shipping service, such as USPS Priority or FedEx, to ensure secure delivery and verification.
3. Upon receipt, Oz Coin & Bullion will test the items for purity and weight in troy ounces, adhering to 24K gold standards.
4. Once the items have been authenticated for gold purity and mintage limits, payment will be issued via check or wire transfer.

The entire process typically requires 3 to 7 business days to complete.

Many people forget to note the item's condition upfront, leading to premium disputes. Always add clear photos and details to avoid issues. To [determine if other dealers offer better buyback options](https://goldismoney2.us.com/is-jm-bullion-better-than-apmex/), explore comparisons like Is JM Bullion Better Than APMEX?.

What Products Can You Buy from OCB?

Oz Coin & Bullion sells a wide range of physical precious metals. You can get gold and silver in bars, rounds, and coins, plus exclusive OZ-Mint items.

Items use troy ounces, the standard unit for precious metals (about 31 grams, heavier than a regular ounce). This fits investments like 1 oz gold coins.

Gold, Silver Bars, Rounds, and Coins

Oz Coin & Bullion offers physical gold and silver products in various forms, including bars, rounds, and coins. Among the selections are prominent bullion coins such as the American Gold Eagle (22k gold from the United States Mint, introduced in 1986), the Canadian Gold Maple Leaf (24K gold from the Royal Canadian Mint, introduced in 1979), the South African Krugerrand, the Austrian Gold Philharmonic, the British Gold Britannia, and gold sovereign, all available in 1 troy ounce sizes with security features ensuring authenticity. As mentioned in the introduction, these include trusted options like the American Gold Eagle, Canadian Gold Maple Leaf, South African Krugerrand, Austrian Gold Philharmonic, British Gold Britannia, and gold sovereign.

For investors aiming to diversify their portfolios with options offering legal tender status, face value, and vat free advantages in certain regions, the following five options are recommended, including those with collector value and limited mintage limits:

• 1 oz Gold Bars: These consist of 24K pure gold and typically carry premiums of 3-5% over the spot price (for example, $50-80 per bar at the current spot price of $2,300 per ounce). They provide high liquidity due to unlimited mintage by established refiners, such as PAMP Suisse.
• Silver Rounds: Crafted from.999 fine silver and commonly available in 1 oz denominations, these rounds are priced at 10-20% over the spot price. Authenticity may be confirmed through examination of reeded edges and weight verification using a digital scale, which can be acquired for under $20 on platforms like Amazon.
• South African Krugerrand Gold Coins: Composed of 22K gold (91.67% purity), these coins serve as legal tender in South Africa and feature an annual mintage of approximately 20,000, supporting strong liquidity. They are particularly suitable for their global recognition, as evidenced by data from the South African Mint.
• Silver Coins (e.g., American Silver Eagle): Exhibiting.999 purity and a $1 face value, these coins benefit from a limited annual mintage of 5.5 million, which enhances their collectibility and resale value, per reports from the U.S. Mint.
• Mixed Bullion Lots: These assortments integrate bars, rounds, and coins to promote diversification. For instance, combining American Gold Eagles (supported by global liquidity from an annual mintage exceeding 1 million) with silver rounds effectively balances risk, often at a blended premium of 2-4%. It is recommended to employ a jeweler's loupe for edge inspections to verify genuineness.

OZ-Mint Exclusive Items

OZ-Mint exclusives from Oz Coin & Bullion provide distinctive precious metals products, meticulously crafted with exceptional gold purity and sophisticated security features designed specifically for collectors and investors.

These offerings encompass 1 oz troy ounce bars and rounds in 24K gold, incorporating laser engraving to ensure authentication.

In contrast to standard bullion coins produced by the United States Mint, which typically command higher premiums, OZ-Mint products serve as more economical alternatives-frequently priced 5-10% lower-while augmenting collector appeal through intricate micro text and latent image security elements that become visible only under magnification.

For practical integration, investors are advised to diversify their portfolios by allocating 10-20% to these exclusives in conjunction with conventional assets; for example, combining an OZ-Mint bar with an American Eagle coin can achieve balanced exposure.

This approach aligns with diversification principles endorsed by the World Gold Council, thereby reducing risk exposure in volatile markets and potentially enhancing returns by 15% over a five-year period, as indicated by historical data on precious metals performance.

Understanding Their Pricing and Fees

Oz Coin & Bullion bases its pricing on live spot prices for gold and silver, incorporating premiums over spot for physical products while offering competitive buyback rates to maintain equitable liquidity.

Consider popular 1 oz gold coins. They include the American Gold Eagle, Canadian Gold Maple Leaf from the Royal Canadian Mint, South African Krugerrand, Austrian Gold Philharmonic from the Austrian Mint, and British Gold Britannia from The Royal Mint.

• These coins carry a premium of 3-5% above the spot price.
• Spot price means the current market value of gold, which updates live via platforms like Kitco or the London Bullion Market Association (LBMA).
• This keeps everything in line with troy ounce standards, the global unit for precious metals.

Buyers can check prices easily. Use the LBMA's live data feed or apps like BullionVault for instant quotes.

Shipping costs apply to orders under $199. Oz Coin & Bullion has no hidden fees and focuses on clear pricing.

Compare premiums with dealers like JM Bullion. Their buyback rates often reach 95% of spot price, matching COMEX standards for quick sales and good value.

Company Background: Headquarters and Operations

• Headquarters: American Fork, Utah.
• Leader: Stephen Pfiel.
• Specialties: Gold bars, silver coins, diverse inventory including OZ-Mint products.
• Pricing: Live feeds from Kitco and JM Bullion.
• Sell-back: Instant quotes, free shipping over $500.
• Compliance: Follows IRS rules for tax exemptions.
• Shipping: Processed in 24 hours, over 10,000 deliveries yearly.