SilverTowne Review: A Good Company to Invest With?

SilverTowne
SilverTowne - by, April 1, 2011
4/ 5stars
on
SilverTowne
  • Editor Rating
  • Very Good
Review Summary :

Founded in 1949, for an astounding 72 years, SilverTowne is one of the largest and oldest precious metals dealerships in the country. With a vast inventory, both retirement savers and investors alike, will be impressed by the catalog. Custodial services are provided by the preferred custodian New Direction IRA. Storage is provided by CNT Depository Inc., the International Depository Services of Delaware, and the International Depository Services of Canada. Those investors wanting palladium will have to look elsewhere, as none is present in the company's inventory. Inconveniently, none of the products have pricing listed online. Rather, potential customers have to contact the company directly for that information.

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Pros:

  • An exceptional selection of silver, platinum, and gold, products
  • Some of the most popular IRA-eligible bullion
  • Vault options include CNT Depository Inc., the International Depository Services of Delaware, and the International Depository Services of Canada
  • New Direction IRA is the preferred custodian

Cons:

  • No product pricing is provided in the catalog. Customers must instead contact the company directly
Quick Facts about SilverTowne
Year Founded:1949
Company Headquarters:Winchester, Indiana
Annual Fees:Variable
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:No
Assets Offered:Gold, Silver, Platinum
Offers Other Assets?:No
Custodian: New Direction IRA
Current Promotion:N/A
Supports Home Storage?:Yes, for collectible products
International Storage?:Yes
Segregated Storage?:Yes
Preferred Storage Location:Several locations
Preferred Storage Vault: CNT Depository Inc., the International Depository Services of Delaware, and the International Depository Services of Canada.
Reviewed By::Sarah Bauder
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Company Info & Background

For over 70 years, SilverTowne (www.silvertowne.com) has proven to be one of the leaders in the precious metals investment space. This gold IRA company was founded in 1949 and is located in Winchester, Indiana. 

The company has an exceptional selection of silver, platinum, and gold products in the inventory. Everything from coins and bars, to numismatics, bullets, and collectibles are available items. Additionally, there is an outstanding selection of IRA-approved bullion.

There are comprehensive sections providing the public with a myriad of information about investing in precious metals, investment news, charts, videos, a blog, market news, and even a “TV show”. The company also offers a free coin guide, and a section dedicated to “industry terminology”. 

SilverTowne Management Team

SilverTowne was founded over seven decades ago by Leon Hendrickson. Since 1949,  the company has grown and flourished to become one of America’s oldest, and most respected precious metals dealers. 

SilverTowne Custodians and Storage

The SilverTowne preferred custodian is New Direction IRA. Additionally, The Entrust Group and Millenium Trust Company are also preferred custodians.

The company website conveniently has a direct link to starting a gold IRA.

(Source: SilverTowne Website)

Depositories that SilverTowne has partnered with include CNT Depository Inc., the International Depository Services of Delaware, and the International Depository Services of Canada.

 SilverTowne Products

Considering that as of September 2022, inflation rates rose higher than expected to 8.2% year-over-year, investing in precious metals like gold could be a good investment strategy. SilverTowne has a gargantuan inventory of gold, silver, and platinum bars, coins, and other products. Amongst the bullion options, there are many of the most popular IRA-approved available coins and bars. Examples from the inventory include Gold American Buffalos, American Gold Eagle, Gold Austrian Philharmonic, Gold Canadian Maple Leaf, Canadian Silver Maple Leaf, American Silver Eagle, Platinum Eagles, Silver Britannia, Palladium Canadian Maple Leaf, and the Australia Gold Kangaroo.

  

IRA-Eligible Gold Products

  • Gold American Buffalo
  • Gold Canadian Maple Leaf
  • Gold American Eagle
  • Gold Australian Kangaroo
  • Gold Austrian Philharmonic

IRA-Eligible Silver Products

  • Silver Canadian Maple Leaf 
  • Silver American Eagle
  • Silver Britannia

IRA-Eligible Platinum Products

  • Platinum Canadian Maple Leaf

View more SilverTowne products here.

 SilverTowne Precious Metals IRA Info

CompanySilverTowne
Annual CostVariable
Scaled or Flat Fees? Flat Fees
Partnered Storage VaultsCNT Depository Inc., the International Depository Services of Delaware, and the International Depository Services of Canada
Partnered CustodianNew Direction IRA
Metals AvailableGold, silver, palladium, platinum
Years in Business73 years (1949)

SilverTowne Reviews, Ratings, and Complaints

Below we offer a diverse selection of reviews, ratings, and complaints pertaining to SilverTowne from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.

  • BBB Rating: Not Accredited (Details)
  • BBB Complaints:  Not Accredited (Details)
  • RipOff Report: 0 Reports 
  • Yellow Pages: Profile (Details)
  • Yelp: 2.5 out of 5 stars (Details)
  • Trustpilot: 3.8 out of 5 stars Based on 3 reviews  (Details
  • Facebook: Profile (Details)

Key Pages From  SilverTowne

 SilverTowne Contact Information

  • Address: 120 E Union City Pike, Winchester, IN 47394
  • Phone: 800-788-7481
  • Email: sales@silvertowne.com
  • Website: www.silvertowne.com

SilverTowne
SilverTowne - by, April 1, 2011
4/ 5stars
on
SilverTowne
  • Editor Rating
  • Very Good
Review Summary :

Founded in 1949, for an astounding 72 years, SilverTowne is one of the largest and oldest precious metals dealerships in the country. With a vast inventory, both retirement savers and investors alike, will be impressed by the catalog. Custodial services are provided by the preferred custodian New Direction IRA. Storage is provided by CNT Depository Inc., the International Depository Services of Delaware, and the International Depository Services of Canada. Those investors wanting palladium will have to look elsewhere, as none is present in the company's inventory. Inconveniently, none of the products have pricing listed online. Rather, potential customers have to contact the company directly for that information.

Get Info Kit Now
Have you purchased products from SilverTowne? Leave a review!

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