My Experience With Midwest Bullion Exchange
by Kevin xxxxx
Introduction
This is not a review. I want to share my experience so that others can make an informed decision about ordering from Midwest Bullion Exchange. This is my only order from Midwest Bullion Exchange, so I don't know if it is typical.
I have also ordered from APMEX, and you may be interested to see the differences is order processing and shipping times.
Order Details
I ordered a few hundred dollars worth of very common coins. The website listed them as "in stock". I placed my order on the afternoon of Jan 15th, 2016 (which was a Friday before a 3 day weekend). Because I placed the order late on Friday, I would not expect the order to be processed that day. I paid with a debt card.
I'm not aware of an unusually large increase in demand for these coins at the time I placed my order. However, there had been a consistent and fairly high demand for quite some time. These same coins were listed as "in stock" at almost all other sellers at the time I ordered.
Timeline
| Date | Event |
|---|---|
| Jan 15, 2016 | Order placed. |
| Feb 1, 2016 | I sent the following email to the owner. Hello, My name is Kevin xxxxx, order #xxx placed on January 15th. I wanted to verify there are no issues with my order (it's been over two weeks since I placed my order). Also, could you please provide an estimated shipping date. Please let me know if I can assist you in any way. Thank you, About an hour later I received the following email from the owner. Hi Kevin I will follow up on this asap. Thanks, |
| Feb 3, 2016 | My debt card was charged. |
| Feb 10, 2016 | My order was shipped. A tracking number was provided on the website. No email notification was sent. |
| Feb 12, 2016 | My order arrived. Signature was required. Coins were well packaged in a plain box. Some of the coins were in standard plastic tube(s). The remaining coins (not enough to fill a tube) were stacked and wrapped inside bubble wrap. They were wrapped in such a way that they could have scratched each other - but I should note that the condition of these particular coins is generally not a critical issue for most people. |
Conclusions
From start to finish the order took 28 days (19 business days) to complete. No serious problems were encountered. Response from the owner was prompt.
I've read that some bullion companies typically take several weeks to complete orders, and other companies typically only take a few days.
Resources
Midwest Bullion Exchange home page
Midwest Bullion Exchange Facebook page
Midwest Bullion Exchange BBB page
Contact Me
email: kevin@kevinsworkbench.com