Northwest Territorial Mint Review

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Acquiring precious metals, whether for the long term or the short term is a wise option, according to experts, due to the fact that gold, compared with fiat currencies, is not as volatile. With the sector rather uncertain, more individuals nowadays are investing in precious metals to safeguard their savings, but with this comes the consequence of running out of supply. Gold is a commodity and so its values are established by the laws of supply and demand.

Whenever the economy is not doing well, the demand for gold is usually greater due to the fact that investors use the precious metal as insurance or shielding from economic or even geopolitical crises.

Since more people currently are investing in precious metals, dealers are sprouting all over the place. Even though some come with exceptional reputations as well as superior rankings, others don’t. That’s why it is of importance for people who are planning to spend money on gold or in any precious metal to research first about the organization they are planning to trade with.

There are plenty of of methods to see whether a precious metal firm provides good solutions or not. One of them is to analyze scores from established rating websites and another is to study reviews about these businesses.

Northwest Territorial Mint is a Washington-based full-service mint that trades precious metals and sells minted items. The enterprise has been in the business of creating and designing coins, medallions and knives since the year 1984 and has been recognized for its workmanship ever since. Northwest Territorial Mint offers quite a number of products and is presently the leading private mint in the USA.

As shown by a Northwest Territorial Mint Review, the firm has an overall score of 4.5 out of 5. The assessment also claims that the order arrived in its destination sooner than stated. Even if this is a great review, some other comments on the mint company alert gold investors to steer clear of them due to their unwillingness to release funds and their failure to complete orders.

Another concern brought up in that specific review is the condition of the products delivered to theconsumer. They are reportedly scratched and are certainly not in mint condition even if they were described as “new” on the company’s site.
One of the biggest problems, however, is the time that it takes the organization to deliver the products. One review posted on Gold Deal Reviews says that the order was placed in the middle of September in 2013 and arrived months later.

In 2008, a lawsuit was filed against Northwest Territorial Mint. By September that same year, the office of the Washington Attorney General sent out a press release that Northwest Territorial Mint must “honor its promises” in delivering orders in due time or give a refund to those whose orders were not delivered on time.

A firm which has been sued for its shipping procedures is a cause for apprehension even if the business has its reasons as to the reasons why it takes longer for them to ship precious metals to the buyers than it takes other companies.

Nonetheless, you should be aware that while Northwest Territorial Mint is quite sought after, it is essential for them to disclose to their buyers the real reasons why these buyers’ orders are not posted on schedule.

The lawsuit filed in February 2008 accused Northwest Territorial Mint and its president Mr. Ross Hansen of violating Washington’s Consumer Protection Act by giving an inaccurate representation of their delivery dates and by enforcing what the Attorney General’s Office described as an unfair refund policy. The lawsuit was also filed due to an absence of response to client complaints on the side of Northwest Territorial Mint.

The State of Washington stated as well that the company and its president consistently failed to send goods acquired at the time frame given by the company itself and that individuals who filed the complaints at the government office waited several months before receiving the bullion they had purchased.

It is important to keep in mind that the Washington-based Northwest Territorial Mint did not admit that they did anything wrong but disclosed their refund policies as well as their delivery policies to the court. They also agreed that they will deliver merchandise as scheduled and also offer money back to the clients whose shipments have been delayed.

Our Recommendation

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BBB: Rating of A+, 1 complaint with BBB in last 3 years | 0 in last 12 months

Inc 500 Magazine ranked them number 20 out of 6 million Financial Service Providers in America.

TrustLink:  shows an A-rating with 422 documented endorsements from customers.

 

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