Orion Metal Exchange

Orion Metal Exchange Review

To learn about Orion Metal Exchange, we spoke with a company representative and asked about rolling over an existing retirement account into a precious metals IRA. We needed to do this, because there is limited information about the company’s services online. Still, overall we were pleased to find the company representative was very knowledgeable and polite. He answered questions, and also explained the company’s fees, pricing and options clearly without being pushy.

After doing our research, here are some pros and cons for Orion Metal Exchange:

  • No setup fees or transfer fees for an IRA
  • Free precious metal storage promotions when you open an IRA
  • Fast and insured shipping for customers who want to take possession of the precious metals
  • Although Orion Metal Exchange representatives are friendly, its website lacks the ability to purchase online

Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.

In brief, Orion Metal Exchange is especially knowledgeable about various gold, silver and precious metal investing options. The company primarily sells gold, silver, platinum and palladium. Their website offers information on real-time precious metal pricing as well as the current prices for various coins. Orion offers three precious metal storage options for investors – home storage, secure vault (depository) storage, or the choice to put the metals in an Individual Retirement Account (IRA). For guidance on selecting IRS-approved gold coins and storage options for an IRA, read our gold IRA buyer guide.

  • Home Storage: For customers who want to keep their gold, silver or other precious metals at home, Orion Metal Exchange assists with choosing the right type of in-home safe to secure these assets.
  • Secure Vault: A depository vault is a reliable option for customers who don’t want to store their precious metals at home. Orion Metal Exchange can recommend vault storage services, such as a Brink’s, for domestic or international options to provide both reliable and secure storage. This is the safest and most popular storage option.
  • IRA: For customers who prefer to invest their precious metals in an IRA, Orion Metal Exchange can assist with getting a Precious Metals IRA account set up or they’ll help with completing a rollover from an existing IRA.

What Do Orion Metal Exchange Reviews Say?

Customers appear to be happy with Orion Metal Exchange overall, which makes sense given its customer-oriented focus and emphasis on knowledgeable representatives. Reviewers also loved how easy it was to transfer a traditional retirement account to gold and sliver. Five-star reviews say Orion isn’t pushy and takes time to explain the purchases you’re inquiring about in detail, either through a representative or their free investor kit.

Orion Metal Exchange Complaints

Most complaints about Orion Metal Exchange are about the daily market updates on gold or silver commodity spot pricing. While the “Charts” page provides real-time pricing updates for gold, silver, platinum and palladium, it’s important to note that while the company does provide market prices for precious metals, the market price is a reflection of the business cycle. You can contact a representative over the phone with any questions about how the precious metals market works.

Orion Metal Exchange Gold IRA

With an Orion Metal IRA, customers can put their precious metals in a tax-deferred account. These metals can be bullion coins or bars of gold, silver, platinum or palladium.

An experienced account representative is available to help customers through the process of opening an IRA. The company’s IRA follows the same tax rules as any other IRA: contributions are deductible from federal income taxes, you only pay taxes upon withdrawal (unless it’s a Roth account), and there are penalties and taxes for withdrawal before the age of 59 ½. As with other traditional IRA accounts, there are mandatory minimum and taxable withdrawals at the age of 70 ½ years of age. Discuss the differences between a Roth and traditional IRA with a tax advisor.

Currently, the company offers monthly incentives. Visit their website or give them a call to learn more about their current incentives.

A precious metal IRA is appealing to some investors as a hedge against inflation. Metals prices move in the opposite direction that cash, stocks, and bonds do. Many investors avoid this diversification due to the tediousness of finding an approved depository and a broker or custodian. Orion Metal Exchange simplifies this process so clients can diversify without hassles.

Orion Metal Exchange coins

Screenshot: Orion Coins Page

Orion Metal Exchange Costs

We contacted a representative from Orion Metal Exchange to ask about costs. Annual storage fees range between $75-$100 per year, depending on where metals may be stored. This cost is competitive with (and possibly lower than) industry average. Insurance is included in storage fee. While the minimum investment for a precious metals IRA is 5K, the company representative recommends an minimum investment of $30,000 to take advantage of promotional offers. At the time of our phone call, for example, an investment of $30,000 will give you one year of storage, insurance and a custodian fee at no charge. Other promotions may be available as well. Orion does not charge an annual agreement fee and offers more metals for your money.

Orion Metal Exchange Q&A

  • Do my retirement funds stay tax-deferred in my Gold IRA?
    Yes. Orion Metal Exchange offers the same tax-deferment benefits as other IRAs. The same penalties exist for early withdrawal, such as fees and taxes.

  • Are all coins eligible to be put into an IRA?
    No. Not all coins are acceptable, and this is established by the IRS. American Gold Eagle and Silver Eagle coins are IRA eligible as are a minimum .995 pure gold coins. Silver coins must be at least .999 fine.

  • Should I store my precious metals at home?
    Home storage could result in theft or burglary, and is not an IRS approved activity for IRAs. And unlike a stock certificate that you could replace by simply paying an administrative fee, physical metals are treated differently. Once lost or stolen, the investment is unrecoverable. While it is convenient to keep your precious metals at home, most people don’t have the type of financial crises that would result in them needing immediate access.

  • Can I just store my precious metals in a safe deposit box?
    You can, but not without problems or additional cost, according to Orion. Would you store a few coins or a bulk amount of precious metals? If the latter, it might exceed the box capacity. Another consideration is the need to securely move these bulky items when you want to cash them out. The rental fee for one or more boxes can become expensive if you’re renting them for an extended period of time. You would need to purchase insurance for the safety deposit box contents since the bank does not provide this insurance.

  • Are there any disadvantages to using a depository?
    To avoid disadvantages, be sure to set up the depository account correctly. For example, you need to find out if your assets are held separately from the company’s assets. If they are not separate and the company files bankruptcy, it may take some time to get your assets released. If you choose the depository route, be sure the accounts list you as the owner.

  • With an IRA, how will I know how my precious metals are performing?
    Orion Metal Exchange partner’s with custodians that provide online access for their clients. When a client is seeking real time market prices for trade, contact Orion directly.

  • Why can’t I just purchase precious metals from Orion and put them into my existing IRA?
    Most brokerage firms that handle bonds, stock, mutual funds and other traditional investments don’t also handle physical assets. However, customers can choose to open a Self-Directed IRA with an organization that manages IRS-approved storage facilities.

  • What should I be careful of when dealing with precious metals?
    The U.S. Commodity Futures Trading Commission warns against fraudulent sales pitches that may take the form of a TV, radio, online ad, phone call or email. You should also be wary of guarantees or time-limited or limited-supply offers. The Federal Trade Commission recently ordered one scammer to pay over $428,000 for trying to con senior citizens through a precious metals scam. When considering investing in precious metals, always ask questions and get everything in writing before you make a decision.

Orion Metal Exchange Rates

The price of precious metals changes constantly. In response, Orion Metal Exchange provides guaranteed real-time pricing on its website on their “Coins” page, along with more detailed information about price fluctuation over time on their “Chart” page. Anyone visiting their website can click on the “Charts” page to see current precious metal prices, as well as prices from one, three and six months ago and prices from the last calendar year. This interactive charting tool is available for gold, silver, platinum, and palladium. As of March 2, 2018, the prices for gold and silver are as follows:

Gold Coins Price
Gold Royal Canadian Mint Grizzly Bear $598.85
Gold Great Britain Queen’s Beast Random Year $362.03
Gold Canadian Maple Leaf 1 oz $1,367.28
Gold U.S. B.U. Proof $10 $658.17
Gold American Eagle 1 oz $1,385.00
Gold Royal Canadian Mint Snow Falcon $384.94
Silver Coins Price
Silver Royal Canadian Mint Snow Falcon 1.5 oz $35.22
Silver American Eagle 1 oz. $19.51
Silver Royal Canadian Mint Grizzly Bear $39.71
Silver Royal Canadian Mint Arctic Fox 1.5 oz $31.19
Silver Royal Canadian Mint Polar Bear and Cub 1.5 oz $34.20


Orion Metals Exchange scores high in several categories. It is an all-purpose precious metals dealer that provides the option to buy or sell and also has an IRA gold account to help consumers diversify their portfolio. The minimum fees are affordable and the real-time market updates help investors stay informed of the performance of their investments. If you’re interested in Orion Metal Exchange call 888-607-4685 or check out their online order form.

Orion Metal Exchange Reviews

Recent Reviews

Featured Review
April 20 2021 10:23PM

From a NIGHTMARE to AWESOME DEAL, I started with a different company rolling my 401K into Gold & Silver IRA and the other company after 3 or 4 days finally did the deal that I quickly backed out of when the prices they were selling me Gold & Silver seemed really high.

I was pretty upset. Slept on it and prayed for guidance as this was all new to me and soon called Orion. From this point on it was all Awesome. The nightmare was over. They sold me the same Gold coin for $200+ per 1/4oz less.

And much the same story with most of my silver coming in well under like 35% + ... I would have never guessed from one dealer to another the gap could be that huge!! The people here at Orion were so quick and helpful.

I was relaxed and now that it's done I can sit back and see what happens. Jacob was great to work with and I look forward to see one of the Coins he pointed out how it does. The other two will likely move with the markets.

For the most part I guess anyway the transaction here could not have been better and being new I enjoyed the fact no one ever made me feel out of placed and answered every question with detail... Thank God for guiding me and Thank Orion for being honest and great to work with...

Gary H.
Jericho, VT
January 13 2022 9:57PM

As a financial/business consultant with a Business Book of the Year award I strongly advise others to get with Orion and consider financial safety, since the dollar is becoming questionable and inflation was over 7% last month, which is the highest in over 40 years.

I researched Orion, first and they are head and shoulders above the rest in my opinion... Yes: I made a wise decision.

Kenneth B.
Orlando, FL
January 11 2022 5:19PM

Very happy I chose Orion! They are professional and get things done quickly. They helped me rollover my 401K and everyone I spoke to was attentive and informative. I do not typically leave reviews, but they are worthy of 5 stars.

Sara H.
Youngstown, OH
December 02 2021 6:43PM

Orion Metal Exchange highly recommend. The representatives are beyond reliable and helpful. It was my first time buying precious metals and I couldn’t be more confident with my decision. Thank you Orion Metal Exchange.

Jacob M.
West LA, CA
November 18 2021 9:29PM

I couldn’t express how thankful I was to find Orion Metal Exchange, one like no other. Highly recommend. The representatives are beyond helpful. I couldn’t feel more comfortable working with any other company but Orion Metal Exchange.

Davis C.
West LA, CA
November 02 2021 8:18PM

I called Orion because I was interested in rolling over my IRA. The service I received was worthy of 5 stars. They made this process go by quickly and seamlessly, while managing to always keep me informed. Everyone I spoke to was friendly and knowledgeable.

Maxwell V.
75001, TX
November 02 2021 7:59PM

Orion is the best in the industry. Look no further if you’re looking to invest your money in metals. They are reliable and efficient. From start to finish, the employees at Orion went above and beyond to make me feel comfortable and confident in my purchase. Thank you Orion!

Henry J.
Los Angeles, CA
October 29 2021 5:49AM

My experience with Orion Metal Exchange was one like no other. Highly recommend. Have to say they are a reliable source for up-to-date on silver, platinum, and gold trends and markets. The representatives are beyond helpful. I had never bought precious metals before.

Kennedy S.
Beverly Hills, CA
September 23 2021 1:37AM

This was my first time buying metals and Blake held my hand the whole time. It took me several months to decide what I wanted to do and Blake was so patient with me. He would send me articles to educate me as well during the process! Excellent service. Looking forward to buying more metals.

Anna U.
Fort Washington, MD
August 31 2021 8:06PM

I had the pleasure of speaking and working with Michael ** in opening a precious metals IRA. He was excellent at walking me through the step by step process. Once that was set up he discussed the different metals with me and answered all my questions.

The process couldn't have been any easier. He was very efficient and informative. I also spoke with Griselda ** and Monet **. Everyone was so kind, professional, helpful and knowledgeable.

Courtney J.
Noblesville, IN
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