DBS Coins Review

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Those who want to invest in precious metals, as well as enjoy financial protection should consider DBS coins. The company allows people to buy and sell silver, gold, and other types of precious metals. Investors big and small can invest in precious metals. 

DBS coins can help people who want to buy gold, silver, platinum, and palladium coins or bullion. The company can also help people who want to keep their metals in their retirement accounts. 

They also buy precious metal coins and bullions that you purchased from other dealers or them. DBS coins also have collectible coins available.

Before we get started with this review:

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That is why we created a list of the best gold investment companies from our extensive research, and you can use this list to help you make the best choice.

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DBS Coins Background

dbs coins homepage

DBS Coins is a family-owned business that is passionate about meeting the needs of every single buyer they do business with. This is regardless of its small or large investments, small or large purchases. The company has the resources to meet the needs of its buyers.

One of the best things about gold is it is always worth its weight. Throughout history, investors have turned to precious metals such as gold because they offer financial stability, liquidity, and security.

Around the world, precious metals' value is understood, which is a key reason why they are a popular investment. Many consider gold, as well as other types of precious metals, to be the world's currency. This is becoming more evident in today's growing economy.

This is in part why DBS coins offer palladium, gold, silver, and platinum products from the US Mint, the Austrian Mint, the Royal Canadian Mint, and the Australian Perth Mint.  It's the customer service that the company provides that sets DBS Coins apart from its competition.

If you buy coins, bullion, or anything else from them, then you can expect a decent customer service experience. The company prides itself on its integrity, as well as the quality of products and services they offer to every investor.

DBS Coins' Products & Services

These are some of DBS Coins' most popular products:

  • American Eagle Silver and Gold Coins

1986 is when the Silver American Eagle coin was released. The coin is considered to be one of the finest silver coins of its kind. This is because it's made with .999 pure silver.

When it was released, people around the country and other areas of the world took a liking to it.  On the back, there is a bald eagle. There are also 14 stars on the back of the coin. On the front, the design resembles "Walking Liberty".

  • American Gold Buffalo Coins

These coins reflect the US Mint's respect for the country's history, as well as its innovation. The American Gold Buffalo coin was minted in 2006. Since the coin is made with 24 karat gold, it's considered to be one of the purest gold coins ever produced in America.

  • Canadian Maple Leaf Gold & Silver Coins

The Canadian Maple Leaf coin is one of the most popular coins ever minted by the Royal Canadian mint. The coin is made with 24 karat gold (.999), and it was minted in 1979. In 2013, the 0z bullion coins were updated with a laser security feature.

  • Australian Philharmonic Silver & Gold Coins

The Australian mint made this coin using .9999 of 24 karat gold. It was first minted in 1990. Australian structural pride is represented by the symbols and images on the coin, which is backed and insured by the Euro.

  • Johnson Matthey Silver & Gold Bars

Several companies make these bars, which are .999 bars. These companies include RCM, Johnson Mathey, and Sunshine to name a few. Stamped on the bars are their purity and their weight.

  • Pamp Suisse Gold Bars

The Pamp Mint produces these gold bars. The bars are .9999 fine. On the one side, there is the industry mark, purity, and weight. On the other side is the Fortuna design.

How to Buy from DBS Coins

You can purchase products from DBS coins online or over the phone. When you place an order, you'll be required to make a non-refundable discount that isn't refundable, as this will lock in your order, and then you can pay the balance off via the bank.

If you prefer to pay via check, then you'll want to get in touch with DBS after you place your order.  Once your order has been submitted, you'll be sent instructions via email. After the order has been processed, you'll be sent a confirmation email.

A separate confirmation email will be sent once your product has been shipped.  If you pay with a check, there is a limit of $29K. Bank wires have a limit of $79K, while PayPal and credit cards have a limit of $1,400.

If you place an order that's more than $90, then you'll need to do it over the phone.

Storage Options

You can store your products in secure vault locations in places such as Los Angeles, Singapore, Europe, Miami, and Salt Lake City. All you do is make a phone call. You'll be sent paperwork via email or fax.

Shipping fees are taken care of by DBS coins. Your products will reach their storage location between a day and three days. How long it takes depends on the location of the vault.

All products are placed in secured storage facilities. In most cases, products are insured. Customers are provided with private insurance that's worth $50K. 

In places such as Europe and Singapore, the storage requirements can be different. It all depends on what types of metals are being stored. Also, storage costs vary from location to location.

Gold IRA: What Is It?

three gold bars

Gold IRA, short for Individual Retirement Account, is an account in which precious metals are held for the owner of the IRA account. The precious metals must be approved. This type of IRA account is similar to a regular IRA account, but it holds physical bars or coins.

These types of accounts are usually self-directed IRAs, which allows the account to hold more diverse investments. 

Silver, gold, palladium, and platinum are the metals that can be helpful in an IRA account. However, the bar and coins held must be approved by the IRS.

Gold is usually the metal of choice for this type of account, which is why people often use the term "gold IRA" when talking about them.

Setting up a Gold IRA

DBS has partnered with IRA custodians. The company doesn't do it for you.

Setting up an IRA involves:

- Contacting an IRA custodian

-Fund your account with money, so you can buy and store your metals

- DBS will be given a buy direction once the custodian funds your IRA

- DBS will discuss what products are available to purchase

- You'll be sent a purchase order

- The depository will receive your products, which will be shipped to them by DBS

How to Sell Your Products Back to DBS Coins

DBS buys back bullion and precious metals. All you have to do is contact the company during business hours, which is from 6 AM to 5 PM Monday through Friday, or on weekends from 10:30 AM and 1:30 in the afternoon. You'll tell them what items you're trying to sell.

Some products will need to be reported. Generally speaking, DBS buys any quantity of precious metals. The condition of your items and what they are playing a role in how much the company will buy them from you.

When DBS receives the items, they'll carefully evaluate them and then process your payment. If you don't want cash, but a different product, then the company will lock in the value for the item you want to sell.

Once this is done, you'll receive a credit that can be used towards the purchase of an item you want to buy.  There are several shipping options offered by DBS. However, you can select your method of shipping. The choice is up to you.

Gold Bullion: What Is It?

It's a monetary asset, and it's different than gold jewelry. Bullion coins are attractive, and they typically have exotic markings of a defunct government. A good example of this is the Russian Tsar.

However, what makes bullion stand out is the fact it's made with gold. Gold is considered one of the most acceptable forms of metal. Gold is highly sought after and even to this day, it is still used as a form of currency.

Pricing Info

Gold and silver prices are updated every minute. When you check out the company's website, you'll be able to view the current prices. Make sure to check these prices if you're thinking about buying or selling.

The spot prices are easily seen. Red or green arrows will be near the prices. These arrows indicate whether prices have increased or decreased within the last few days.

Locked-in prices mean you have secured a price for the item you want to buy. Price changes won't affect the item because the price has been locked in. Bear in mind that prices can only be locked in for a total of three business days.

After you add items to your cart, the spot price will remain in place for 60 seconds. The price will be locked in for 10 minutes once the checkout process is started.

If you're located in the state of California, you'll end up paying 8% Sales tax on purchases that are not at least $1,499. However, there are no hidden or additional charges you'll have to worry about.

If you reside in the USA, then DBS can ship your order to your domestic address. USPS is the carrier that ships to PO Boxes or storage facilities. If you don't have a domestic address or want items shipped to you, then USPS can deliver them to a facility or PO Box.

Reviews About DBS Coins

At the time of this writing, 17 people have left the company a review on Facebook. The rating they have is 3.5 out of five. The majority of people have mentioned they had a pleasant experience with the company.

However, one reviewer said they didn't receive their order on silver when prices were low. On the site Gold Dealer Reviews, seven people have left them a review.

Generally speaking, many people said it was easy buying products from the company, and that the pricing was excellent. However, one reviewer did mention that they wanted to sell some products back, but the company didn't respond quickly.

DBS coins are not BBB accredited. However, they do maintain an A+ rating. On BCA, they maintain an AA rating. There are no reviews for the company on BCA or BBB's website.

DBS Coins: Are They a Scam?

DBS Coins is not a scam. The company is legitimate, and they offer a good range of products and services. Furthermore, the company belongs to several organizations such as NGC, PCGS, and PNG.

When it comes to services and products, the company might not be the best in the world. This is because there aren't enough reviews from customers. There are more negative reviews than positive reviews when compared to other companies in the industry.

Orders are limited by the company. If you want to make a large purchase, then be aware of this. You won't be able to purchase it if it exceeds the limit.

Pros and Cons

PROS

  • Various products
  • You can place orders online
  • Items can be shipped to US addresses
  • The company is a member of PNG, NGC, and PCGS
  • Free shipping is available for metals under $35

CONS

  • The company is not accredited by the BBB
  • There are not a whole lot of reviews or online ratings
  • The company only offers a limited number of payment options

Conclusion

DBS Coins is an option if you want access to affordable precious metals. It's also a great option if you want to hold metals in an IRA account.

However, it's a good idea to do additional research and read reviews before you decide whether or not to do business with them.

DBS Coins is an ok company, they are not a scam, but we do not recommend them.  There are much better companies to work with.

You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:

Click Here for Our List of the Best Gold IRA Companies to Invest With

Or, if you like what you have read about DBS Coins, you can go to their website below: