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Midwest Bullion Exchange Review

Midwest Bullion Exchange Review

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If you've been considering purchasing precious metals such as gold or silver, conducting thorough research is crucial to finding the best prices and establishing trust in your chosen company.

In these uncertain times, with the United States National Debt continuing to rise and paper-based investments facing challenges, it's understandable that you're seeking a reliable precious metals dealer.

One such company that enters the picture is Midwest Bullion Exchange. Founded by Chairman Scott Hage and headquartered in Minnetonka, Minnesota, Midwest Bullion Exchange positions itself as a comprehensive precious metals company with experienced brokers and managers.

In this Midwest Bullion Exchange Review, we will delve into the company's offerings and put its reputation to the test.

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  • Products: Precious Metals
  • Owner: Scott Hage
  • Rating: 4.0/5

Company Background

Midwest Bullion Exchange Review

Midwest Bullion Exchange is a reputable full-service precious metals dealer in Minnetonka, Minnesota. With the founding year of 2009, the company has established itself as a trusted provider of a wide range of precious metals products.

As a full-service dealer, Midwest Bullion Exchange offers an extensive selection of IRA-approved bullion products and collectible coins. Their inventory includes gold, silver, platinum and palladium coins and bars, catering to the diverse investment preferences of their clientele.

They also specifically highlight the availability of popular IRA-eligible coins, making them an attractive choice for individuals seeking to include precious metals in their retirement portfolios.

To ensure the safety and security of their customers' investments, Midwest Bullion Exchange partners with reputable entities for custodial and vault storage services.

Goldstar Trust Company provides custodial services, while vault storage is facilitated by Delaware Depository, ensuring that customers' precious metals holdings are well-protected.

The company prides itself on its commitment to providing customers with only the highest standard products in the marketplace. This dedication to quality serves as the bedrock philosophy of Midwest Bullion Exchange, instilling confidence in the authenticity and value of their precious metals.

Midwest Bullion Exchange also emphasizes education and accessibility for potential customers. Their website features a user-friendly search box that makes locating a seller in your area easy, enhancing convenience and facilitating local transactions.

Additionally, the company provides valuable information on precious metals and the marketplace, empowering individuals to make informed investment decisions. They also offer resources on becoming a dealer, demonstrating a commitment to supporting and expanding the precious metals industry.

Midwest Bullion Exchange is registered with the Department of State, Bureau of Industry and Security (B.I.S.) under the International Traffic in Arms Regulations (ITAR). This registration further establishes their credibility and adherence to regulatory standards.

Products Offered

Midwest Bullion Exchange Review

Midwest Bullion Exchange boasts an extensive selection of precious metals products, catering to various investment preferences. Their offerings encompass a wide range of gold, silver, platinum and palladium, available in bars and coins.

Notably, many of their products are eligible for inclusion in Individual Retirement Accounts (I.R.A.s), allowing individuals to incorporate precious metals into their retirement savings strategy.

Midwest Bullion Exchange provides options for those interested in gold, such as the Gold Austrian Philharmonic and the American Gold Buffalo. These gold coins are recognized for purity, craftsmanship and global appeal.

In terms of silver, investors can choose from popular options like the American Silver Eagle and the Canadian Silver Maple Leaf. These silver coins are highly sought after for their high silver content and iconic designs.

Platinum enthusiasts will find offerings like the Platinum American Eagle and the Canadian Palladium Maple Leaf. These coins are prized for their rarity and the unique properties of the precious metals they contain.

In addition to its core offerings, Midwest Bullion Exchange also provides collectible coins, appealing to numismatic enthusiasts and collectors. These collectible coins often feature special editions, unique designs and limited mintage, adding to their allure.

While Midwest Bullion Exchange offers a diverse range of precious metals products, it is worth noting that availability may vary. At the time of this writing, many of their products may be marked as "Out of Stock." It is advisable to check with the company directly or visit their website for the most up-to-date information on product availability.

Storage and Custodian

Midwest Bullion Exchange Review

Midwest Bullion Exchange prioritizes the safety and security of their customers' precious metals investments through their partnerships with trusted entities for vault storage and custodial services.

Delaware Depository provides vault storage services for Midwest Bullion Exchange's IRA-eligible products. Customers have the option to choose between segregated and non-segregated storage.

Segregated storage ensures that each customer's precious metals holdings are kept separate and distinct from others, providing enhanced security and peace of mind. On the other hand, non-segregated storage involves co-mingling precious metals, which can be a more cost-effective option for some investors.

Delaware Depository, the chosen vault storage provider, is a reputable institution in the industry. To further assure customers, Lloyd's of London, one of the oldest and most respected insurance companies globally, fully insured the storage facility.

This insurance coverage helps safeguard customers' investments against potential risks, offering additional protection.

For custodial services, Midwest Bullion Exchange has partnered with GoldStar Trust Company. GoldStar Trust Company specializes in self-directed Individual Retirement Accounts (I.R.A.s) and has extensive experience facilitating the administration and custody of precious metals assets within I.R.A.s.

This partnership allows customers to confidently include precious metals in their retirement portfolios, knowing that their assets are securely held and managed by a trusted custodian.

Ratings and Reviews

Midwest Bullion Exchange Review

Midwest Bullion Exchange has received various ratings and reviews from multiple online platforms. It's important to note that while the ratings are generally positive, the limited number of studies available may not provide a comprehensive picture of customer experiences. Here is an overview of the ratings and reviews for Midwest Bullion Exchange:

  • Better Business Bureau (B.B.B.): Midwest Bullion Exchange has an A+ rating with the B.B.B. However, no customer reviews or complaints are registered on the B.B.B. website. It's worth mentioning that the company is not B.B.B. accredited, which means it has not sought accreditation from the B.B.B.
  • Yellowpages: Midwest Bullion Exchange maintains a perfect 5/5 rating on Yellowpages based on two reviews. However, it's worth noting that there have been no new reviews since the last update. The limited number of studies makes it difficult to accurately gauge the overall sentiment and customer experiences.
  • Yelp: Midwest Bullion Exchange has a 5/5 rating on Yelp based on two reviews. However, no new reviews have been posted on Yelp since October 2022. The limited number of studies on this platform may not comprehensively understand the overall customer satisfaction level.
  • Facebook: Midwest Bullion Exchange has received a 5/5 rating on Facebook based on one review. While this review contributes to the positive rating, the single review may not be sufficient to form a complete assessment of customer experiences.

While the available ratings for Midwest Bullion Exchange are generally positive, it is important to consider the limited number of reviews and the absence of recent updates. Comparing the ratings and reviews of other companies in the industry may provide a broader perspective and help potential customers make more informed decisions.

Pros and Cons of Midwest Bullion Exchange


  • High-quality products and services: Midwest Bullion Exchange offers a diverse selection of precious metals, including gold, silver, platinum and palladium. Their products are known for their quality and authenticity, giving customers confidence in their investments. The company's full-service approach also ensures customers can access various services, including custodial support and I.R.A. options.
  • Established presence: With the founding year of 2009, Midwest Bullion Exchange has operated in the precious metals industry for over a decade. This longevity in the market indicates a level of stability and experience, instilling trust in their ability to serve customers effectively.


  • Lack of reviews: One of the drawbacks of Midwest Bullion Exchange is the limited availability of online reviews. While the company has been in operation for a considerable time, the absence of extensive customer feedback can make it challenging for potential investors to assess the overall satisfaction levels of previous clients. Comprehensive reviews play a crucial role in establishing trust and transparency.
  • Limited product availability: At the time of assessment, Midwest Bullion Exchange has a significant portion of its products marked as "Out of Stock." This limitation in availability may restrict the choices for customers specifically seeking certain types or quantities of precious metals. Potential investors need to consider this factor when evaluating their options.

Final Thoughts

Midwest Bullion Exchange is a legitimate and reputable full-service precious metals provider. It has established partnerships with trusted companies like Delaware Depository and GoldStar Trust Company, which adds to its credibility.

However, it is worth noting that Midwest Bullion Exchange lacks many reviews compared to its competitors. The limited availability of customer feedback makes it challenging to accurately gauge overall customer satisfaction and experiences.

An important consideration is that many of Midwest Bullion Exchange's products are currently marked as "Out of Stock." This product availability limitation may impact potential investors' choices and flexibility.

 It is advisable to conduct thorough research, explore multiple options and consider recommendations from trusted sources to make an informed decision and find the best precious metals company for your needs. Consulting with industry experts or financial advisors can also provide valuable insights.

For more comprehensive recommendations and information on top precious metals companies, we recommend you refer to the full advice provided on this website. These resources help you select a company that aligns with your investment goals and preferences.

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Before you are making an investment, make sure that you are choosing a trusted company to help you with your investment.

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