General Information
CoinInvest GmbH is a Germany-based company that specializes in the sale of investment-grade coins and bullion bars in precious metals. While the company does not appear to have regulatory oversight, it offers a wide range of market instruments for investors interested in gold, silver, platinum, and palladium.
CoinInvest's product selection includes popular coins like the Vienna Philharmonic, Canadian Maple Leaf, and South African Krugerrand. The company sources its coins from renowned mints worldwide, ensuring their authenticity and value.
In addition to coins, CoinInvest provides various sizes and weights of bullion bars in gold, silver, platinum, and palladium, catering to different investment budgets.
CoinInvest is affiliated with StoneX, a global financial services firm, which may provide additional support and resources to the company. The company offers trading tools such as price charts, real-time spot prices, historic price data, and access to benchmark prices for metals like palladium and platinum.
When it comes to payment methods, customers can choose between bank transfer wire payments and credit card payments (VISA or MasterCard). CoinInvest uses shipping companies like UPS, Brinks, Loomis, or FedEx.
While specific information about the available countries is not mentioned, CoinInvest serves customers from various regions, including Europe, the UK, the Americas, South Africa, and Australasia.
Overall, CoinInvest aims to provide a range of investment-grade coins and bullion bars in precious metals, along with trading tools and shipping services. However, it is important to note the lack of regulatory oversight and conduct thorough research before engaging in business with the company.
Pros and Cons
Coininvest offers a diverse range of market instruments, including gold, silver, platinum, and palladium coins and bars, providing investors with various options for their precious metals investments. The company's affiliation with StoneX may offer additional support and resources. Coininvest also provides access to trading tools and real-time price updates, allowing investors to make informed decisions. For customers within the EU, investment gold purchases may be exempt from VAT. However, the lack of regulation by a valid regulatory authority and the presence of a suspicious regulatory license raise concerns about the company's compliance and credibility. Additionally, limited information about available countries and customer support channels may affect customer experience. It is important for potential investors to carefully consider these pros and cons before engaging in business with Coininvest.
Is Coininvest Legit？
According to the information provided, Coininvest does not appear to be regulated by any valid regulatory authority. This lack of regulatory oversight should be taken into consideration when considering the risks associated with engaging in business with the company. It is important to exercise caution and conduct thorough research before making any investment decisions.
Products & Services
Coininvest offers a diverse range of market instruments for investors interested in precious metals. Here are the main categories of products available:
1. Gold Coins: Coininvest provides a selection of gold coins, including popular options like the Vienna Philharmonic from the Austrian Mint, the Maple Leaf from the Royal Canadian Mint, and the Krugerrand from the Rand refinery in South Africa.
2. Gold Bars: Investors can choose from a variety of gold bars with different sizes and weights. Coininvest offers options suitable for various budgets.
3. Silver Coins: Coininvest offers a range of silver coins, similar to the gold coins available. These include coins from different regions, such as the Vienna Philharmonic and the Maple Leaf.
4. Silver Bars: Coininvest stocks silver bars in different sizes and weights, allowing investors to select the ones that best suit their preferences and investment goals.
5. Platinum and Palladium: In addition to gold and silver, Coininvest also offers platinum and palladium products. This includes coins and bars in these metals, providing investors with diversification options.
It's worth noting that Coininvest is part of StoneX, which is a global financial services firm. This affiliation may provide additional support and resources to the company.
Taxes
According to Coininvest's advertisement, investment gold does not have Value Added Tax (VAT) in the European Union (EU). This means that when purchasing investment gold from Coininvest within the EU, customers may not be subject to VAT on their transactions. VAT is a consumption tax levied on goods and services in many countries.
However, it is important to note that the tax considerations may vary outside the European Union. Customers residing in countries outside the EU should consult their local tax regulations to determine the applicable taxes on investment gold purchases.
Trading Tools
Coininvest provides trading tools and resources to help investors track and analyze the prices of precious metals. Here are the details of the trading tools available:
1. Price Charts:
Coininvest offers price charts for various metals, including gold, silver, platinum, and palladium. These charts provide real-time updates on the latest spot prices of the metals, allowing investors to monitor price fluctuations over time.
2. Metal Spot Prices:
Coininvest provides live metal spot prices for gold, silver, platinum, and palladium. The spot prices are updated continuously, enabling investors to stay informed about the current market rates for these metals. The spot prices are quoted per gram, ounce, and kilogram for investors to choose their preferred unit of measurement.
3. Historic Price Data:
Coininvest allows investors to access historic price data for precious metals. This feature enables investors to analyze past price trends and patterns, which can help inform their investment decisions.
4. LPPM Prices:
For palladium and platinum, Coininvest provides access to the London Platinum and Palladium Market (LPPM) prices. The LPPM sets benchmark prices for these metals twice daily, and Coininvest allows investors to view and track these prices.
5. LBMA Prices:
For gold and silver, Coininvest offers access to the daily LBMA (London Bullion Market Association) prices. The LBMA gold price is updated twice daily, while the LBMA silver price is set at 12:00 BST in US dollars per ounce. These prices are widely regarded as industry benchmarks.
By providing these trading tools and real-time price updates, Coininvest aims to equip investors with the necessary information to make informed investment decisions in the precious metals market.
Payment Methods
Coininvest offers two main payment methods: bank transfer wire payments and credit cards (specifically VISA or MasterCard).
For bank transfer wire payments, customers can select this option during the ordering process. Coininvest provides bank accounts in various currencies, including EUR, USD, GBP, PLN, SGD, AUD, and CHF. The specific bank account details will be displayed on the final order confirmation.
Alternatively, customers can choose the Priority Service, which requires the use of a credit or debit card. This service allows for faster processing and delivery of orders. It's important to note that Coininvest does not accept payment methods such as PayPal or Bitcoins.
During the ordering process, customers can select their preferred payment method. However, it's important to note that once the ordering process is completed, the payment method cannot be changed.
Shipping Service
Coininvest uses shipping companies with a proven track record, such as UPS, Brinks, Loomis, or FedEx. Here are the details regarding shipping services provided by Coininvest:
Availability:
Most of the products listed on the Coininvest website (coininvest.com) are available for immediate purchase. However, during times of high demand, there may be a delay in shipping. If a product is listed as unavailable, Coininvest strives to restock it as quickly as possible. It is recommended to check back regularly, as certain products, especially limited edition or special series items, may be in high demand and sold out quickly. Pre-ordering is encouraged to avoid disappointment.
Price Updates:
Coininvest's prices automatically update at one-minute intervals in line with the current spot prices of gold, silver, platinum, or palladium. This ensures that customers can shop with confidence, knowing that the listed price reflects the real-time market rate for precious metals.
Shipping Time Frame for European Deliveries:
Coininvest offers two shipping options for European deliveries:
1. Standard: The estimated delivery time for standard shipping is 2-3 working days (Monday to Friday).
2. Express: Customers can choose express shipping for faster delivery, with an estimated time frame of 1-2 working days (Monday to Friday).
Shipping Costs:
Coininvest ensures that all orders are packaged and insured for safe delivery to the customer's preferred address. The specific shipping costs may vary based on factors such as the weight and value of the order, as well as the shipping destination.
It's important to note that bank transfers may take 2 to 3 banking days to clear before the order is shipped. Customers should consider this when planning their purchase and expected delivery timeframe.
Available Countries
CoinInvest serves customers from various countries around the world. While the specific list of countries may not be explicitly mentioned, the company offers its products to a wide range of regions, including Europe, the UK, the Americas, South Africa, and even Australasia.
Customers can buy gold coins, silver coins, platinum coins, and palladium coins from these regions. The available selection includes investment-grade coins from renowned mints such as the Vienna Philharmonics, Canadian Maple Leaf, and South African Krugerrand. These coins are sourced from the most famous mints worldwide, ensuring their authenticity and value.
Customer Support
CoinInvest GmbH emphasizes providing personal, fast, and excellent customer service. Goods that are in stock are shipped within 24 hours after receiving payment. Customers can check product availability on the individual product pages on their website or contact them via email at sales@coininvest.com or by phone at +44-20-369-50335.
CoinInvest is active on various social media platforms including Facebook, Twitter, Instagram, and YouTube. Customers can connect with them through these channels to stay updated on their offerings, news, and promotions.
Regarding payment processing, CoinInvest acknowledges that payments from abroad may take up to five working days to reflect in their bank account. They monitor bank statements multiple times a day, and customers receive automatic payment confirmation via email once the payment is received.
CoinInvest's services primarily revolve around the purchase of physical gold and precious metal coins and bars, including bullion options in gold, silver, platinum, and palladium. They do not provide custody services for precious metals or engage in regular gold buying activities like some other companies.
Conclusion
In conclusion, CoinInvest offers a wide range of investment-grade coins and bullion bars in precious metals, providing investors with an opportunity to diversify their portfolios. The company's affiliation with StoneX and its provision of trading tools and real-time price updates can be advantageous for informed decision-making. Additionally, CoinInvest offers tax advantages within the European Union, as investment gold is exempt from Value Added Tax (VAT). However, a notable disadvantage is the lack of regulation, which raises concerns about the company's transparency and customer protection. It is crucial for potential investors to exercise caution, conduct thorough research, and carefully consider the associated risks before engaging in business with CoinInvest.
FAQs
Q: Is CoinInvest a regulated company？
A: CoinInvest does not appear to be regulated by any valid regulatory authority. It is important to consider this lack of regulatory oversight when evaluating the risks associated with doing business with the company.
Q: What types of market instruments does CoinInvest offer？
A: CoinInvest offers a diverse range of market instruments for investors interested in precious metals. These include gold coins, silver coins, platinum coins, palladium coins, as well as gold bars, silver bars, platinum bars, and palladium bars.
Q: What are the payment methods accepted by CoinInvest？
A: CoinInvest accepts bank transfer wire payments and credit card payments (VISA or MasterCard). Customers can choose their preferred payment method during the ordering process.
Q: What are the shipping services provided by CoinInvest？
A: CoinInvest uses shipping companies such as UPS, Brinks, Loomis, or FedEx for delivery of orders. They offer standard and express shipping options for European deliveries, with estimated time frames for delivery.
Q: Does CoinInvest provide tax considerations for its customers？
A: According to CoinInvest's advertisement, investment gold purchased within the European Union (EU) may not be subject to Value Added Tax (VAT). However, tax considerations may vary outside the EU, and customers should consult their local tax regulations for applicable taxes on investment gold purchases.
Q: What trading tools are available on CoinInvest's platform？
A: CoinInvest provides various trading tools to assist investors in tracking and analyzing precious metals prices. These tools include price charts, real-time metal spot prices, historic price data, LPPM prices for platinum and palladium, and LBMA prices for gold and silver.
Q: How can customers contact CoinInvest for support？
A: Customers can contact CoinInvest via email at sales@coininvest.com or by phone at +44-20-369-50335. The company emphasizes providing personal, fast, and excellent customer service.
Q: Does CoinInvest offer custody services for precious metals？
A: No, CoinInvest primarily focuses on the sale of physical gold and precious metal coins and bars. They do not provide custody services for precious metals.
Q: Does CoinInvest ship internationally？
A: While specific information about the available countries is not mentioned, CoinInvest serves customers from various countries worldwide. They offer shipping services to regions including Europe, the UK, the Americas, South Africa, and Australasia.
Q: What is the availability of products on CoinInvest's website？
A: Most products listed on the CoinInvest website are available for immediate purchase. However, during high-demand periods, there may be a delay in shipping. It is recommended to check the website regularly for product availability, especially for limited edition or special series items. Pre-ordering is encouraged to avoid disappointment.
2023-09-02 19:33
2023-02-23 12:07
