Credibility: DBS Coins is a relatively new player to the precious metals industry, having only been in operation since 2008 (see history). They are not to be confused with DBS.com who provides coin machines, ATM’s and cash deposit machines. DBS Coins are one of the few precious metals dealers I have found that operates on eBay. Having looked at their eBay profile, they have over 33 thousand positive reviews. There are some negative reviews on other sites that revolve around delivery issues etc, but nothing to be concerned about.
On DBS Coins website, which is clean and easy to navigate, they offer a selection of Gold and silver bars (although the selection is minimal) gold, silver, palladium and platinum coins. You can order via the website and you can pay by check or wire, or credit card or Paypal. The latter two options will see you pay extra for your coins, usually somewhere between $30-40.
DBS Coins do provide secure vault facility storage for your products, outside of the US if you prefer. The countries where DBS Coins will store your product are : Canada, Singapore, Germany and Switzerland
Phone Number: 888-327-9205
Minimum Investment amount: None – however they do state that they have a maximum payment limit on their website of $80,000 via bank wire. Anything over that and deals have to be done via phone call
What The Web is Saying About DBS Coins
Below we’ve looked at what various websites and past customers have to say about DBS Coins
- BBB Rating & Complaints : A+ (although business is not accredited with BBB) and no complaints (Click For Details)
- BCA Rating & Complaints: AA rating and no complaints(Click For Details)
- CitySearch: Not Rated
- Google+: Not Rated
- RipOff Report: no reports
- Trustlink: No ratings Click For Details
- Trustpilot: N/A
- Yellow Pages: No rating(Click For Details)
- Yelp: No listing
Buy Back: There is no mention that DBS Coins will buy back from you, but you can ask that question I’m sure.
- Family run
- Free shipping on all orders
DBS Coins History:
DBS Coins was formed in 2008 by David Smoler. Mr. Smoler has a Bachelor of Science in Business Administration with an emphasis in Marketing from Chapman University Orange County, California. Because this is Mr. Smoler’s first business since leaving university according to his LinkedIn profile, there is very little else to add about DBS Coins history.
As a gold ira provider DBS Coins don’t offer the IRA directly themselves, but they do offer one via third parties. DBS Coins recommend Gold Star Trust or New Direction. Because they use other companies, you need to be aware that this will increase your costs and of course you will need to take into account the time you will need to spend contacting these various firms to compare pricing. Something to consider, if you are looking to invest with a gold ira company.
There are no concerns really about DBS Coins. They are a relatively new company, still to get their BBB accreditation (although a business does not need to have one) There are very few reviews about the company which does make it slightly harder to review compared to others.
DBS Coins Review Summary & Score
DBS Coins are a new player in the precious metals scene and have hit the ground running. They have a wide selection of precious metals for sale and have done very well via eBay on individual sales. If you are looking to place a large order or want to deal with a company that has a longer standing or a stronger reputation, then there are more established firms. I do think that DBS Coins have a bright future, it’s not going to be easy competing against the bigger firms, but I am sure they will do well over time.