Northwest Territorial Mint (NTM) is a mint & bullion dealer company. Their specialization is the designing, preparing and distributing precious metal coins, medals, knives and other minted products. Often regarded as one of the largest mint companies of USA, NTM has individual investors as well as corporate clients around the world.
Established in 1984 by the veteran minting expert and bullion dealer Ross Hansen-who is currently the Managing Member of the company , NTM is headquartered in Washington .
The offerings include various gold, silver , platinum and palladium coins and bars. Their current offerings are listed below:
NTM uses the services of Goldstar Trust Co for the storage of precious metals associated with the IRA. Goldstar will charge annual storage fees for precious metals according to the following table :
Independent agency reviews and customer feedback :
The rating of Northwest Territorial Mint with different independent agencies and bureaus are as follows :
NTM’s rating with BBB is awful. Holding a rating of B+ with more than 60 complaints in the last three years ( with 31 closed in the last 12 months !) does not tell a good story. It is not accredited with BBB as well. It is not listed with BCA either. 9 complaints are raised against them in the ripoff report. NTM has a fair share of complaints in golddealerreviws.com as well .
Most of the complaints are related to delayed delivery , low quality metals and reluctance to give a refund . Most significant complaints are related to delay. One client complained in Nov-2014 in BBB that his order has not been delivered for 3 months and they are not giving a refund either.
Some customers received scratched metals although they were marked as ‘new’ in the company’s website. The delivered metals were not in a minted condition .
Many customers were charged in their credit card in advance even before the order is filled. Many of them received notification that the company will not be able to process the order after the clients has placed the orders . Thus , the customers lost $35 as a charge of cancelling the order.
A customer even compared the company with Ebola and requested to avoid it at all cost.
Some customer reviews of NTM from golddealerreviews.com is featured below :
Final Thought :
NTM does have some credible products and their custom minting is a great feature. However, they do have awful ratings with BBB and BCA and lots of complaints by users – many of which are still unresolved. They do have a previous history of lawsuit . Their questionable business tactics demands that you keep your distance from them.
Treat Northwest Territorial Mint as the Ebola of precious metals industry and KEEP AWAY from them.
Which Company Do We Recommend ?
Check out the review of Regal Assets Here ….