Orion Metal Exchange

Orion Metal Exchange Reviews

Orion Metal Exchange Reviews
4.7(183)
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Overall Rating4.7 out of 5
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About Orion Metal Exchange

Orion Metal Exchange offers consumers the ability to buy, sell and exchange precious metals and helps customers find their best options for storage and delivery. Its founding owners have over 40 years of experience in the precious metals industry. You can liquidate or acquire metals through Orion Metal Exchange, and you can keep informed about the market with its finance updates. You can also choose your IRA depository.

    Pros & Cons

    Pros

    • Can purchase coins online
    • Physical possession and liquidation
    • Fee-free buyback policy

    Cons

    • Annual fees to store and secure metals
    • No fee info online

    Bottom Line

    Orion Metal Exchange provides updated spot pricing, informative staff and quick home delivery. Though the company charges annual fees to store metals, you can trust your investments are secured in an insured vault in the U.S. or abroad.

    Featured Reviews

    Verified
    Los Angeles, CA

    Have been doing business with Orion for 6 months now and I have never been let down! For anyone that is considering inquiring [about] this company, I definitely recommend it. Gris...

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    Verified
    Henderson, NV

    In my opinion, they deserve a rating of FIVE stars. Throughout the entire process, I have been given knowledgeable information and pointed in the correct direction without being f...

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    Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.

    What is Orion Metal Exchange?

    Orion Metal Exchange is a full-service precious metals investment dealer that provides gold, silver, platinum and palladium coins and bars, as well as individual retirement accounts for gold and silver investments. Additionally, the company offers a variety of storage options, including home safe storage and depository storage.

    As a full-service precious metals investment dealer, Orion Metal Exchange performs sales, exchanges and the secure storage of bullion coins, bullion bars and numismatic coins. Additionally, the company can help you set up a gold IRA — this is a 401(k) account for precious metals with all the same tax-deferment benefits as a traditional IRA.

    How does Orion Metal Exchange work?

    Orion Metal Exchange offers clients the option to buy, sell or store their precious metals. Customers can purchase its products either online or by calling the customer service center. The online pricing is updated 24 hours a day, so you always have the latest cost information available.

    The company also offers a dedicated, in-house IRA rollover team for anyone who wants to add precious metals to their retirement accounts.

    Orion Metal Exchange products

    Orion Metal Exchange offers multiple products, including:

    • Residential safe storage: For investors who prefer securing their gold nearby, Orion Metal Exchange offers home safe options to keep all precious metals secure and within arm's reach.
    • Vault storage in an off-site depository: Many investors wish to keep their metals in a vault outside the home. Orion Metal Exchange can provide recommendations for a variety of secure, reliable vault storage services in the U.S. and overseas.
    • Precious metals IRAs: The company’s knowledgeable staff can help you open a gold IRA. You may also be eligible to roll over an existing IRA into a gold IRA.

    Orion Metal Exchange pricing

    If you want to purchase precious metals, Orion Metal Exchange sells various types of coins you can buy online or by calling the customer service number.

    Here are some price estimates as of publishing, but keep in mind the cost varies, depending on the daily market value and amount:

    Gold: $262.32 to $2,793.17

    Silver: $6.46 to $214.87

    Platinum: $233.06 to $1,327.17

    Palladium: $1,563.50 to $1,923.50

    Orion Metal Exchange also has a fee-free precious metal buyback program. With it, the company will make an offer on IRA-eligible and non-IRA-eligible sovereign mint and legal tender coins in gold, silver, platinum and palladium. Previously, you had to purchase the coins from Orion in order for them to buy the coins back. However, the program now works for coins purchased elsewhere.

    Orion Metal Exchange offers free storage of any gold and silver for up to three years, unlike other precious metal investment companies that charge annual storage fees.

    Orion Metal Exchange FAQ

    How do you buy gold from Orion Metal Exchange?

    You can buy gold coins through Orion’s website or by calling 1-800-559-0088.

    Can I store my Orion precious metals at home?

    Yes. Orion provides secured home delivery to ensure your purchase arrives without incident. It can also help you find the right home storage option.

    What is the maximum I can contribute to my Orion precious metal IRA account?

    If you’re younger than 50 years of age, you can contribute a maximum of $6,000 per year. Individuals older than 50 can contribute up to $7,000 per year.

    What precious metals does Orion Exchange offer?

    Orion sells gold, silver, platinum and palladium products.

    Do we recommend Orion Metal Exchange?

    Orion Metal Exchange is ideal for those who may be risk-averse but curious about precious metals investing. Orion doesn't charge setup or transfer fees or for the first three years of precious metal storage. We recommend Orion Metal Exchange for its fee-free services, up-to-date market charts and experienced, helpful staff.

    Orion Metal Exchange Reviews

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    Page 1 Reviews 0 - 5
    Verified purchase

    Reviewed Oct. 19, 2023

    Orion is the only precious metals company I have found that would work with me to establish a new IRA account with a maximum opening contribution of $7,500. Most other companies will only work with existing IRA's and have a much higher minimum purchase. They guided me through every step of the process and were very helpful. I would highly recommend them.

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    Response from Orion Metal Exchange

    Larry, so glad we helped you! We appreciate doing business with you! We look forward to assisting you with your precious metal needs in the future!

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      Verified purchase

      Reviewed Oct. 12, 2023

      OME has been extremely helpful converting 3 of my 401K accounts into precious metal IRAs. The transitions went smoothly with their step by step guidance. I have also purchased gold and silver directly and the deliveries were as promised. Jacob has answered all of my questions and has always been available when I have had questions. Will be doing more business with OME in the future.

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      Response from Orion Metal Exchange

      As one of our loyal clients, we always look forward to doing business with you! We appreciate your review Mr. Halvorson!

      Verified purchase
      Customer ServiceStaffTransparency

      Reviewed Aug. 2, 2023

      I spoke to two different people at Orion and they were pretty straight-up with what's going on and telling me what they suggest. I'm very happy with it. I'm working with the same two people pretty much all the time, Gieo and Griselda, and we've talked about next moves, what should be the next thing to happen, and as far as taking advantage of everything. There's a good plan in place for several years down the road and even for the next things to do that makes sense as far as the market on the metals is going.

      I've been buying metals on my own, but I hadn't had an official IRA set up and I did a transfer into creating one with them. Griselda helped me tremendously. She was making direct contact with them and helping me get all the paperwork filled out because the people that I was taking the money out of were not helping me at all. They wanted to hold on to their money. Griselda reached out quite a few times to them and it was nice to take the pressure off of me to try to constantly keep contacting them. The only way I think it could improve is if they would send me more updates. It doesn't matter whether it's email or paper -- just more updates of what's there and what it's worth.

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      Verified purchase
      Customer ServiceOnline & AppStaff

      Reviewed June 23, 2023

      Giovanni, the rep from Orion, was awesome. I had a concern that I brought up and within 24 hours, it was taken care of and resolved. I sent an email and I realized there's a five-hour difference between me and the West Coast. He was on the phone the next business day and took care of it, and I'm very happy so far. But I have not received my precious metals, which is one of my concerns. Chase, my bank, couldn't read the actual stamp. Orion probably wired it and the machine didn’t pick up the signature. So, I called Orion and they said they would physically mail it to Chase. If I transferred X amount, I would get a couple of hundred dollars worth of coins and Giovanni said it would take up to 14 weeks for the complete process. He was gonna order them and then he would have it. So, I would need to be at home with the signature and he would give me a call when he got word that they would be sent out so I could be on the lookout.

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      Verified purchase
      Customer ServiceSales & MarketingStaff

      Reviewed June 9, 2023

      I purchased some silver New Guinea coins from a company that is under investigation and did some bad things to a lot of people, including myself. I called a lot of people who buy and sell silver, and I happened to talk to Jake from Orion three times. I told him about the situation the first time and he said that they could definitely buy my silver back. He was extremely professional. Never pressured me to sell it. Just told me what he could do. I sold everything I had purchased and it was very simple. He connected me with the IRS representative they had. He talked to them and they sent me a DocuSign, and it was done. Within three days, I had the money in my account.

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      Verified purchase
      Customer ServiceTransparency

      Reviewed Nov. 8, 2023

      I've been very pleased in my dealings with Orion Metal Exchange. They're very professional, explain things clearly, and are easy to work with. And they are available when questions come up. They play by the rules while being friendly. If there's a delay in the transmission of funds, they find the answer.

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      Verified purchase
      Customer ServiceStaff

      Reviewed Sept. 26, 2023

      My experience working with Blake and Orion Metal Exchange for my IRA investment has been not only pleasant but profitable! Blake's knowledge is quite impressive. I've appreciated his willingness and dedication to answer all my many questions, being new as I am to this type of investment opportunity. His upbeat and professional demeanor has instilled the confidence in me such that I would not hesitate to call Blake when I am ready to add to my precious metal investment portfolio.

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      Verified purchase

      Reviewed Aug. 11, 2023

      Orion Metal Exchange has been good to work with. Blake, Charles and Grizelda all have been. I’m just trying to teach myself. It’s a whole new journey for me. I’ve never explored this part, but I kind of rushed into something that I didn’t have knowledge of. You have to take a crash course in Gold 101 so that you understand the language when they're talking, because I always feel like it's going over my head, and it still is today. Also, it is very important that before you do any transaction, to make sure that you get a quote in writing so that you know what you are doing before you make any decisions.

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      Verified purchase
      Customer Service

      Reviewed Aug. 2, 2023

      I had some silver coins that I needed to sell. Orion responded quickly. The whole process was very seamless and timely. I didn't have to keep asking the same questions. I didn't have to constantly call back or respond. The whole experience was great. I've only had one transaction and if a need comes up, I will deal with them again.

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      Verified purchase
      Customer ServiceStaff

      Reviewed June 29, 2023

      The rep took time to explain some things to me. He took me to the website and showed me the prices on there. I went and compared those prices to some of the same items elsewhere and I saw the value. Once you make a decision to go in a certain direction, you need to find help to accomplish that, and Orion did that.

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      Orion Metal Exchange Company Information

      Company Name:
      Orion Metal Exchange
      Website:
      orionmetalexchange.com