Why do I pay a 3% surcharge when using my credit card to make payment?
The 3% surcharge is the fee we must pay to the credit card company in order for us to accept your payment by credit card. All other bullion dealers charge the same fee. We call it a surcharge others call it a handling fee. If you pay by check, money order or bank wire transfer the 3% fee does not apply.
How long will it take you to ship my items?
We know you have many choices where to buy your gold and silver bullion. We recognize the importance of offering consistently low prices and fast shipment of your order. We have inventory on hand and systems in place to ship your order as fast as possible. Most orders ship in 1-3 days.
However, we ask that you allow up to 15 days for delivery. Please note that we hold all checks and money orders for 10 business days from the date of deposit before we release the order for shipment. It then takes another 1- 3 business days to ship your order. A tracking number will be sent to you when your order ships.
Your order will ship by U.S. priority mail. A signature will be required for all orders of $100 and above. Your order is fully insured. A tracking number will be sent to you by email when your order ships. Please note that all orders paid for by credit card must ship to the same address as the billing statement for the card.
How long have you been in business?
Westminster Mint was incorporated in the state of Minnesota in 2001. We became an accredited member of the Better Business Bureau in 2008 and have an A+ rating.
Why should I buy my gold and silver bullion from Westminster Mint?
As demand for gold and silver bullion has rocketed there has been a proliferation of new gold and silver bullion dealers. Westminster Mint is a well-known company established in 2001. We adhere to a time tried tested and proven formula for success in the bullion industry of providing consistently low prices, fast delivery of your precious metals and customer service that “Does what we say we will do”. We have the financial resources and long term relationships with refiners, authorized dealers and private mints that ensure a dependable supply of metals to meet all of your requirements. We do not hedge our inventory and have none of the counterparty risks that most other bullion dealers are exposed to.
What payment methods do you accept?
We accept major credit/debit cards (Visa, MasterCard, and AMEX), bank wires, and paper checks. After receipt and deposit, paper check payments require 10 days for payment to clear.
Do you accept PayPal?
No. PayPal introduces too much potential for fraud, so we never accept PayPal.
Do you report my purchases to the government?
We do not report your purchase of any item on this website.
Who can buy from Westminster Mint?
Anyone who is looking for low priced bullion items and a reliable service.
Do you have a minimum order?
Not for orders for shipment in the USA. For any orders shipped to Canada, our minimum order is $1,000(USD) per transaction. The minimum order amount for Europe and Australia is $2,000.00(USD) per transaction.
Can I cancel my order?
When buying or selling to Westminster Mint once we have issued an order confirmation number, all prices are locked-in and final! It is not our intention to enter into buying and/or selling transactions, accepting the risks involved only to have them cancelled. However, we realize rare situations happen where orders need to be cancelled. Should this occur your order would be subject to our market loss policy. Market loss policy
How well known are you in the industry?
Westminster Mint, Inc. is an established company in good standing and has an excellent reputation in the industry. Our principal owner has 40 years’ experience as a collector and coin dealer and is a lifetime member of the American Numismatic Association. Westminster Mint holds an A+ rating with the Better Business Bureau and is an authorized dealer of PCGS, NGC, ANACS and ICG.
Is my credit card transaction safe?
Westminster Mint, Inc. provides a full secure shopping environment. We encrypt all credit card information to ensure every transaction is secure.
Do you sell my name to other companies?
No. We do not sell or share your contact details and buying history or any other information with other entities other than in the routine processing or shipping your order. We have to give your name and address to Federal Express or the United States Post Office to ship and or insure your product. But we do not sell to list brokers etc.
What are your customer service hours?
Monday through Friday 9:00 am to 5:00 pm Central Standard Time.
How will I know if you have received my order?
An e-mail confirmation will automatically be generated and sent to you, confirming we have received your order.
Do you charge sales tax?
We are required by law to charge sales tax on all orders placed by residents of Minnesota and Wisconsin. The current sales tax rate is identified at final checkout in your shopping cart.
What is numismatics?
Numismatics is the collection and study of coins, paper money,
tokens and medals. These are the most widely collected and studied
numismatic materials. Other items are stock certificates, checks and
notes of financial obligations.
What is numismatic value?
There are three common ways to value a coin – by its face value, its intrinsic value and its numismatic value.
The face value is the dollar amount stated on the coin.
The intrinsic value is the price the precious metal content of the coin can be sold for on any given day.
The numismatic value is the: Date, rarity, condition, mint mark and
provenance of the coin. Ultimately the numismatic collectible value is
what you are willing to pay for the coin on any given day and what the
seller is willing to accept.
A collector paid a record high price of $86,654.70 on March 31 2013
to acquire a 1995 W American silver eagle Proof coin certified perfect
PR70 Deep Cameo by Professional Coin Grading Service, (PCGS).
The face value of the coin is $1.00. The intrinsic value is one
ounce of silver, worth $28.33 and the numismatic value, is
$86,626.37.The last time a 1995 W American silver eagle was sold at
auction was on March 15, 2010 for $40,000, silver was then trading for
$17.20 an ounce.
How do numismatic coins differ from bullion coins?
Gold and silver bullion coins are issued by governments as an
attractive convenient way to invest in gold and silver. Bullion coins
sell for a small premium of 5% -$17% above the price of their gold or
silver content on any given day. Premiums are dependent on the diameter
and net weight of the coin. Large one- ounce gold coins have a lower
premium than smaller 1/10 ounce coins. The future value of bullion coins
is based solely on their gold or silver content on the day you want to
Numismatic coins are collectibles and their precious metals content,
if any at all, is only a tiny factor in measuring the value of the
coin. The numismatic value is the: Date, rarity, condition, mint mark
and provenance of the coin. The future value of a numismatic coin is
based on supply and demand. Dealer mark ups and premiums are
substantially higher for collectible coins than bullion coins.
The data above is provided for
illustrative purposes only; it shows how the top 10 best performing PCGS
certified coins have performed over a one and five year period versus
the price of gold and silver. Prices exclude dealer mark up and margin.
These prices apply to PCGS certified coins only and not ANACS or NGC
This information, compiled on June 7, 2013 is not intended to make
any representation that numismatic coins perform better or worse than
gold and silver bullion coins. Past performance is no guarantee of
What coins do people collect?
What to collect is entirely up to you and your budget. You should
have adequate cash reserves and disposable income before considering
buying numismatic items. We recommend coins issued by major national
mints because they have the largest audience. U.S. Mint and Royal
Canadian Mint issues are an ideal place to begin.
What's the best way to get started?
Buy the book before you buy the coin. The Internet has also made
buying and selling coins, paper money, tokens and medals easier than at
any time in the past. The quantity and quality of information readily
available in this electronic medium helps with building your collection.
It gives you easy access to dealers nationwide and allows you to
compare prices between dozens of different suppliers in a matter of
minutes. This will enable you to judge the fair market value or
accepted price range for numismatic items.
How can I avoid buying over graded, doctored or counterfeit coins?
Use common sense; if an offer looks too good to be true then it
probably is. You can reduce your risk by finding an established coin
dealer who has been in business for a long time and who works from an
established office or storefront location. Limit your purchases to
certified coins graded by industry leading coin grading services such as
ANACS, NGC and PCGS. Shop around and compare prices and ask about the
dealers return policy.
What is your return policy?
Westminster Mint provides an unconditional 30-day money back
guarantee on all collectible items (not gold and silver bullion).
The inspection period begins when the order is shipped to you. To
qualify for a refund, just make sure the product is returned complete
and in sellable condition. The refund amount will include the full
purchase price and any collected taxes. Shipping and Handling charges
are non-refundable. All returns must be shipped with a reputable shipper
and be properly packaged and fully insured.
There is no charge for returning damaged or defective products.
Please note seals, cases and certificates of authenticity contribute to
the value of the product and must remain complete, intact and unbroken
for you to qualify for a refund. For more details see the Shipping Policy section of this website.
I notice coin grading services are offering many different labels on their holders Which is the best?
grade on the holder is the most important factor. A coin certified
perfect MS70 will always command a higher premium than the same coin
certified in a lesser grade like MS69, no matter what identifying mark
is stated on the labels.
coin market is not only driven by supply and demand, but also by the
idea of the exceptional. Collectors believe in the power of firsts,
exclusivity and limited editions. This lead to the advent of two types
of labels – open to the
public and closed to the public dealer proprietary labels.
best known open to the public labels are PCGS First Strikes and NGC
Early Releases. Collectors only have a short time window from the
release date of a coin for it to qualify for certification with the
First Strike or Early Releases
designation. Dealer Proprietary labels are not open to the public and
can only be submitted for certification by the authorized dealer. They
also have short time requirements for certification.
sensitive dealer proprietary labels include ANACS First Day of Issue,
First Release and Original strike coins. These labels also have the
added exclusivity and prestige of being certified limited editions. The
importance of limited
editions in the collector market can’t be overstated . Other popular
dealer proprietary labels, without time restrictions for submission, are
Bridge labels, Blue bridge labels, Canada labels, Country labels, Eagle
labels and USRC labels.
labels have aesthetically attractive holders that appeal to a wide
cross-section of collectors and invite brand loyalty. We provide access
to coins certified with all of these special labels and others like Top
50 Modern coins
and 100 Greatest U.S. Modern coins. However, we don’t own a proprietary
What do the extra notations on certified coin holders mean?
In addition to the grade of a coin stated as Mint state (MS) on
circulation strike coins and Proof (PR/PF) on Proof strikes your coins
may have the additional notations?
Cameo (CA), Ultra Cameo (UC), Deep Cameo (DCAM)
These are terms used for Proof strike coins. In order for a coin
to be considered a Cameo or Deep Cameo, both sides of the coin must meet
a minimum benchmark for each designation. If only one side of coin
attains this benchmark the coin is considered to be Cameo, if both sides
of the coin attain the benchmark it is considered Deep Cameo.
"First Strike", "First Release" & “Early Releases” Designations
Coin dealers and grading services may use these terms in
varying ways. Some base their use on the dates appearing on United
States Mint product packaging or packing slips, or on the dates of
product releases or ceremonial coin strike events. Consumers should
carefully review the information below along with each dealer's or
grading service's definition of "first strike", “first release" or
“Early Releases” when considering a purchase of coins with these
The United States Mint does not designate any coins or
products as "first strikes" “first release” or "early releases," nor do
they track the order in which the coins were minted. The mint strives to
produce coins of consistently high quality throughout the course of
production. This means that coins may be minted from new die sets at any
point and at multiple times while production of a coin is ongoing, not
just the first day or at the beginning of production.
United States Mint products are not individually
numbered and they do not keep track of the order or date of minting of
individual coins. Any dates on shipping boxes are strictly for quality
control and accounting purposes at the United States Mint. The date on
the box represents the date that the box was packed, verified and
sealed, and the date of packaging does not necessarily correlate with
the date of manufacture. To qualify for “first strikes”, “first release”
or “early releases” status a coin must be submitted to an independent
“third-party” coin grading service within the first 30-days of their
Proof like (PL), Deep Proof like (DPL) and Deep Mirror Proof like (DMPL)
These are terms used for circulation strike coins and measure the
amount of clear reflectivity on both sides of the coin. If only one side
of the coin has deeply mirrored surfaces it is called a Proof like, if
both sides of the coin meet the benchmark then it is a Deep Proof like.
This is a term applicable to NGC certified coins – It is reserved
for coins that have extraordinary eye appeal within the grade and
applies to both circulation strike and Proof strike coins.
+ Plus grade
This is a term used for coins considered to be at the high end of
their assigned grade, approaching the quality requirements for the next
grade. These coins have above-average eye appeal.
The chart above shows the disparity in prices between coins
that have superior eye appeal within the same grade. When a coin is
judged to have better eye appeal than another coin in the same grade, it
is awarded a plus designation. Premium labels such as Early Releases,
First Release and First strike designated coins can also have price
disparities within the same grade. The collector has to determine if
the value, merit and cost of any coin is important enough to justify
paying a higher price. The collector also needs to take eye appeal into
consideration when comparing prices between dealers. Information compiled on June 7, 2013 source NGC. This date applies to NGC coins only and not ANACS or PCGS coins.
Westminster offers these items as collectibles to be enjoyed for
their history, artistic beauty and often limited availability.
Westminster Mint expresses no opinion on the soundness as an investment
of coins, medal or other numismatic items. We are not investment
advisers. Market price may fluctuate with market conditions, the
condition of the item, content value, grade, demand and supply, and
other things. Past performance is not a guarantee of future potential
values. Rare coins, souvenirs, mementos, and sometimes medal, often
cannot be sold quickly.
Grades and descriptions of rare coins are opinions, not statements of
fact or guarantees, and are based on standards and interpretations that
can and do change over time. Westminster Mint relies on the opinions of
independent coins grading
services of ANACS, NGC and PCGS. Westminster Mint guarantees only that
each coin it sells is genuine, and Westminster Mint expressly disclaims
and other warranties with respect to the coins, express or implied,
including the implied warranties of merchantability
and fitness for a particular purpose.