Q. Who are you?
A. Hedge Company is a small business that was established in 1985 by Ronald F. Mays. His daughter, Teresa, joined the organization in 1999, and in 2007 she took the business over.
Q. What do you do?
A. Hedge Company provides a two-way market so that you have a place to purchase and sell your precious metal coins and bars, and 90% silver coins “junk silver”.
Q. How can I purchase precious metal products from you?
A. Please call 970-243-5302 for an appointment, or to purchase over the phone.
Q. How do I know that you are selling the “real thing”?
A. In this business reputation is everything. We understand that it is important to “know your source”. Customers can depend on us to purchase authentic products for them because we “know our source”. We purchase products from the few US wholesale distributors that have contracts with the US Mint, other sovereign/global mints, and domestic and international refineries. That said, we take the extra measure to verify all the items we sell by testing them using the Sigma Metalytics Pro-Verifier which is a rather sophisticated piece of equipment. In other words, we stand behind everything we sell.
Q. Are my transactions confidential?
Q. What form of payment do you accept?
A. We accept cash, checks, certified funds, or bank wires. Please contact us for wire information. All orders are held until checks or wires clear the bank. We do not accept credit cards.
If you choose to purchase precious metals using cash in excess of $10,000. 00, we are obligated to fill out an IRS 8300 form. This will require you to provide an ID and personal information.
Q. Do you have minimum purchase requirements?
A. No and yes. We do not have buy or sell minimums, except those imposed by our wholesalers.
We usually have a few ounces in stock and are happy to sell what we have.
You can purchase a single coin/bar at any time. However, if we can order for you (see minimums below), we will charge you our exact cost and a small percentage over that (1 to 6%); otherwise, we will charge the current retail.
Silver. If we place an order for you, the distributor’s minimum order is 100 ounces.
Gold. If we place an order for you, the distributor’s minimum is 4 ounces. Do not let the minimums intimidate you. If you want just a few ounces of silver or gold, we often have that in inventory.
Q. Do I have to open an account to do business?
Q. How often do the prices change?
A. The market changes by the moment. If we place an order for you, the price will be based on the spot price of the commodity at the moment we lock the trade in. If you purchase from our inventory, the price will also be locked in at the time of the transaction based on the current retail market. You are welcome to call us to ask about our inventory. If we have something you want/need, we will set it aside for you at a price we both agree on. You can either mail a check or call to schedule an appointment to complete the purchase.
Q. Does Hedge have a product catalog?
A. No. Click on the “Services” Tab for a list of the products we sell.
Q. Can you ship my purchase to me?
A. Yes. We use the United States Post Office and charge you the exact fee they charge us.
Q. May I place my order online?
Q. I noticed that your website quotes the spot price for gold, silver, platinum, and palladium. Does this mean that I can purchase coins or bars in any of these metals?
A. Yes. We only broker products made from these four precious metals. When you call, we can tell you what is available or what we can order for you.
Q. Do you share my information with anyone?
A. No. All transactions are confidential. If you choose to purchase precious metals using cash in excess of $10,000. 00, we are obligated to fill out an IRS 8300 form. This will require you to provide an ID and personal information.
Q. If I purchase from you and live out of town, how do I obtain my order?
A. Call for an appointment and we will schedule a time for you to pick up your order. Alternatively, we can ship your order to you. Again, we send all shipments via the United States Postal Service. Each shipment is registered and insured. We charge you exactly what the post office charges us.
If we place an order for you, we can arrange to have the order drop-shipped to your address.
Q. When I want to sell my precious metals, do you purchase them back?
A. Yes, either we will purchase them outright, or we will sell them back to the distributors who sold them to us in the first place.
Q. If I want to open a precious metals IRA can you do that for me?
A. No. Hedge Company is a provider of physical metals only.
If you opt to open a precious metals IRA, there are a few companies that offer them. Check with your current financial advisor for more information.
Remember, with an IRA, you do not take possession of your metals. They will be stored in a repository and you will incur annual storage fees. The storage facilities are not local; most of them can be found along the northeast coast of the United States.
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