Last Updated on March 9, 2023 by George
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DBS coins are the ideal option for investing in precious metals while retaining financial stability. Whether you are a little investor or engaging in significant transactions, DBS coins let you buy or sell precious metals like gold and silver securely and safely.
Buy gold, platinum, silver, palladium coins, or bullion with the help of DBS coins. Furthermore, they can assist people in keeping precious metals in their retirement funds.
Additionally, they will purchase any bullion or coins made of precious metals you may have bought from them or other special metal merchants. Collectible coins from their collection are available to you if you’re a collector.
Before beginning this evaluation:
Choosing which company is not easy to entrust with the cash you have worked so hard to save. We give you as much information as possible to enable you to make the best choice.
To make comparing and selecting the business most suited to your needs as simple as possible, we’ve compiled a list of our highest-rated investment firms.
The family-run bullion and coin distribution business DBS Coins was established in 1968 in Singapore under The Development Bank.
David Smoler is identified as the company’s president and creator, even though there isn’t much information about the individuals who created it. Since 2009, Piyush Gupta has served as the organization’s director and CEO.
The company’s original goal was to raise money for businesses and urban development in Singapore. To reflect its responsibilities as a regional bank, it changed its name to DBS in 2003 and added more international operations.
It became the first bank in Singapore to have a branch when it opened one in China in 2007. For $220 million, DBS purchased Societe Generale’s private banking operations in Singapore and Hong Kong in 2014.
Currently, the company operates branches and 2300 self-service banking machines in Singapore, 50 units in Hong Kong, and a number of components in ten major Chinese cities.
Products and Services
American Eagle Coins, Both Gold And Silver
The United States Mint first made the Silver American Eagle coin available for trading in 1986. The coin is one of the best silver since it is made of—999 pure silver.
Because of this, it spread swiftly and gained popularity among people in America and other countries. The Walking Liberty and older coins are reminiscent of the front design, and the bald eagle with a shield and 13 stars is depicted on the back.
United States Gold Buffaloes
The US mint’s creativity, respect, and enthusiasm for the nation’s heritage are reflected in the American Gold Buffalo coins. The coin was first manufactured in 2006 and is the US Mint’s purest gold coin because it comprises 24-carat gold.
Canadian Maple Leaf Coins, Gold, and Silver
It is the Royal Canadian Mint’s most well-known coin. The coin was first produced in 1979 and is constructed from—999 of 24-karat gold. The Mint added a laser security technology to its one-ounce bullion coins in 2013 to enhance their security.
Gold and Silver Australian Philharmonic Coins
It was first produced in 1990 by the Australian Mint and is made of 9999 pure 24-carat gold. The coins are insured and backed by the Euro and have motifs and symbols that promote Australian structural pride.
Silver/Gold Bars by Johnson Matthey
The 100 oz. Bars are created by a number of businesses, including Johnson Mathey, Asahi, Engelhard, RCM, OPM, Perth, and Sunshine, and are.999 pure. They bear stamps indicating their weight and purity.
Gold Bars from Pamp Suisse
The Pamp Mint produces gold bars that are.9999 fine. They all feature the Fortuna logo on one side and the industry mark, weight, and purity on the other.
How to Purchase From DBS Coins
DBS accepts phone calls and online orders for purchases. When placing an order, you must make a non-refundable deposit to secure it, and you can pay the remaining balance via bank transfer. Make sure to get in touch with DBS after checking out if you wish to use a check.
Personal checks and bill-pay checks are both accepted types of checks. Following the submission of your order, DBS will email you payment instructions and a confirmation email once your order has been processed.
After they receive your money, you will also receive an email confirming it, at which point delivery will start.
They have a $30,000 check payment limit, an $80,000 bank wire payment limit, and a $1,500 credit card or PayPal payment limit. You must call in your order if it is more than $80.
Storage Options
Your products can be purchased in the US and kept in safe deposit boxes all over the world, including Singapore, Los Angeles, New York, Miami, Europe, and Salt Lake City.
Call them to sign up, and they’ll fax or email you the necessary documents.
DBS manages all UPS and FedEx shipping costs and procedures. Your things will arrive at the site in one to three business days, depending on where you want them stored. All the products are kept in separate storage on the client’s account.
Insurance covers most products in storage facilities to their full value. The business offers its customers private insurance for purchases totaling $50,000,000 daily.
Make sure you verify whether there are minimum storage requirements for particular metals in the countries where you plan to hold your assets, such as Singapore and Europe. Additionally, storage fees vary based on the metals and location.
How to Set Up a Precious Metal IRA
DBS does not provide IRA services but instead refers clients to IRA custodians who are partners. To start an IRA:
- To open a Self-Directed account, get in touch with IRA custodians authorized by DBS, such as Gold Star Trust and New Direction.
- Set aside enough money in your account to purchase and store your precious metals. For the privilege of keeping your precious metals in your IRA depository, every depository levies a fee. A modest percentage of the cost is typically charged for holding the metals, accounting, and insurance.
- After funding, the custodian sends DBS a Buy directive letter detailing your account’s balance.
- DBS contacts you to discuss the various goods and prices as soon as they receive the letter.
- DBS provides you and the IRA custodian a purchase order after securing the prices with you. The custodian, after that, transfers money from your account to DBS.
- You obtain confirmation from DBS and the depository before DBS ships your products to the depository.
How to Sell
DBS does not provide IRA services but instead refers clients to IRA custodians who are partners. To start an IRA:
To open a Self-Directed account, get in touch with IRA custodians authorized by DBS, such as Gold Star Trust and New Direction.
Set aside enough money in your account to purchase and store your precious metals. For the privilege of keeping your precious metals in your IRA depository, every depository levies a fee. A modest percentage of the cost is typically charged for holding the metals, accounting, and insurance.
After funding, the custodian sends DBS a Buy directive letter detailing your account’s balance.
DBS contacts you to discuss the various goods and prices as soon as they receive the letter.
DBS provides you and the IRA custodian a purchase order after securing the prices with you. The custodian, after that, transfers money from your account to DBS.
You obtain confirmation from DBS and the depository before DBS ships your products to the depository.
Pricing
The spot prices for silver and gold at DBS are updated every minute. On their website, the costs are listed in the right sidebar or at the bottom of each page.
The spot prices have green and red arrows that show the price change over the previous few days as an increase or decrease.
By ordering at a locked-in price, you guarantee that the price of the metals you wish to buy won’t vary regardless of market conditions. After ordering, the price is only locked in for three business days.
The spot price is held for a minute after you put your items in the cart. The price is locked in when you start the checkout process for ten minutes, following which it updates to the current spot price.
There are no additional fees or hidden costs if you live in California. However, all transactions under $1,500 will be subject to an 8% sales tax. Products often come with a 2.8% discount; however, if you pay with a credit card, the discount is not applied.
They could deliver to your home address if you are in the US. Otherwise, they only use USPS to send packages to PO Boxes or storage facilities.
Is DBS Coins A Scam?
No. It’s a reliable business offering a selection of high-quality services and goods. The fact that it is a part of organizations like PCGS, PNG, and NGC supports its credibility.
However, it could be better in the services and goods they provide as a business, mostly demonstrated by the lack of ratings and reviews on various websites. When compared to other companies, there are more unfavorable reviews.
DBS Coins also has order limits; thus, it could be a better business to use for large purchases.
DBS Coins Reviews
They have 15 reviews on Facebook with an average rating of 4.5 out of 5. The majority of people cite pleasant and simple buying and shipping experiences. A person did, however, claim that they didn’t get their silver order while silver prices were low.
They have a 3.0 overall rating from 6 customers on Gold Dealer Reviews, a 2.8 rating for shipment speed, a 2.8 rating for customer service, and a 3.2 rating for overall shopping experience. Many people claim that it is simple and fantastic to purchase from them.
When you wish to sell something back, they allegedly answer slowly, according to one individual, and only one order, according to another. Despite not being BBB accredited, they have a BCA AA rating and an A+ rating with no reviews.
Pros and Cons
Pros 
- For several different goods,
- Free shipping is available for metals priced under $25.
- Orders can be placed online for delivery to domestic US addresses.
- It is a participant in the NGC, PCGS, and PNG.
Cons 
- Limited payment choices; not BBB accredited
- Online evaluations and reviews are scarce for it.
Final Thoughts – DBS Coins Review
It is a viable alternative if you’re seeking a cheap site to acquire precious metals. That is also acceptable if you want to send your metals to an IRA. However, before purchasing from them, read more online reviews and consult a specialist.
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