Last Updated on March 14, 2023 by Ben
Affordable Jewelry and Precious Metals, or AJPM, is a precious metal and jewelry dealer founded by Rodney and Vicki Scott in 1991. AJPM specializes in providing customers with the highest quality goods at affordable prices.
What are its goods and services? Can you trust it? Is AJPM a fraud or not? Or is it a genuine company? You’ll get all the answers right here!
Table of Contents
- AJPM Review: Here’s What You Need to Find Out
- AJPM Custodian and Storage
- How to get started?
- AJPM Gold/Silver Products and Services
- How the Company Works
- AJPM Ratings on Consumer Review Sites
- AJPM Pros and Cons
AJPM Review: Here’s What You Need to Find Out
What is AJPM?
Rodney and Vicki Scott launched AJPM in 1991 as a precious metals and jewelry business, also known as Affordable Jewelry & Precious Metals.
Around the Portland, Oregon metro area, there are several locations where you can buy their goods. The company has shops in downtown Portland, the Portland eastside, Vancouver, Washington, and Tigard, Oregon.
For each storefront, there is a separate management team. In addition, the owners assist in the management, especially in the downtown Portland location.
About The Founders of AJPM
AJPM was created in 1991 by Rodney Scott and Vicki Scott. Before they opened their firm, they had previously established four precious metals operations in Portland’s metro area, as well as Washington and Vancouver. They also began a company called the Portland Mining Company and Medallion Specialties Inc. in 1986.
The NBA has licensed this firm to create star player medallions, including Michael Jordan and Magic Johnson, marking it as the first in the United States. Other medals they produced include Oregon Trail, US Military, The Rose Festival, and several more. Rodney and Vicki Scott combined all their jewelry and precious metals operations into one organization in 1991, which is now known as AJPM. The two currently work from the downtown Portland office, assisting with management.
Company Info & Background
AJPM (www.ajpm.com), founded in 1991, is a precious metals dealer with several storefront locations in Portland, Oregon, and the surrounding area. The firm sells gold, silver, and platinum bullion, as well as some collectible coins.
The AJPM catalog includes a decent range of IRA-approved bullion products for retirement savers. Gold numismatic coins are also available depending on client choice. There are no palladium goods in the inventory, however.
The company will purchase certain gold, silver, and platinum coins and bars. The website is straightforward in that it clearly displays both the “buy” and “sell” prices of each item.
AJPM Management Team
Rodney and Vicki Scott, the proprietors of AJPM (Affordable Jewelry & Precious Metals), opened the company in 1991. The three storefronts appear to have different management teams.
AJPM Custodian and Storage
The firm does not offer custodial services through an IRA partner. The company likewise does not provide vault storage choices.
How to get started?
Despite the fact that AJPM has its own website, it does not enable customers to purchase online. The company’s website simply provides information about the firm and a product catalog.
To buy or sell precious metals to AJPM, call them toll-free at 1-800-690-4995. You must provide personal information and choose the items you wish to purchase when a representative answers.
You may also conduct business with them in person if you wish.
AJPM Gold/Silver Products and Services
AJPM aims to provide a comprehensive service package that allows clients to avoid going elsewhere for their precious metals and jewelry requirements. On a regular basis, the firm deals in gold and silver bullion. However, they also sell platinum, diamond, and palladium. The company also sells jewelry at its locations but is not represented on its internet catalog.
The gold bullion coins offered by AJPM include Eagle, Kangaroo, Maple Leaf, Buffalo, Krugerrand, Austrian Philharmonic, 1oz Perth Mint Bars, 100 grams Perth Mint Bars, 1 Kilo Gold Bar (31.1 g), European 20 Francs, and British Sovereigns.
The following are some of the bullion coins available through AJPM: 10oz Silver Bars, 100oz Silver Bars, Maple Leafs and Philharmonics, American Eagles, $1000 90% Silver Bags, 1oz Silver Rounds, 1oz Silver Krugerrand, and 1oz Silver Kangaroo.
Maple, Platinum Bar, Eagle, and Kangaroo are some of the platinum bullion coins offered by AJPM.
NGC and PCGS certified pre-1933 United States gold coins include MS62, MS63, MS64, and MS65.
AJPM also provides bespoke minting services. You may have custom Medallions created in either .999 gold, silver, or copper. The design/conception stage is completed in three steps. The first is the Design/Concept phase, which allows firms to offer two or three-dimensional illustration work.
The second manufacturing step is Die Cutting, in which A2 and D2 steel are used for die engraving. The process concludes with Coining, where the decorative surface options differ depending on the metal employed. AJPM has provided custom minting services to notable clients, including The US Army, The US Air Force, The US Marines, The NFL Alumni, The World Wrestling Federation, and OMSI.
The business also purchases scrap gold at their local branches. The firm provides a Scrap Calculator on its website. You may use the Scrap Calculator to determine the amount the firm is willing to pay for a certain quantity of precious metals. The AJPM is not formally associated with any IRA custodians or gold IRA-related services. The firm acts merely as a jewelry and precious metals supplier.
How the Company Works
The operational model at AJPM is rather simple. Orders can be placed on the website, www.ajpm.com, by investors. The site also provides a toll-free number where you may place buy or sell orders. To place an order, you must first call the toll-free number provided on the website. You describe the amount and kind of coins you wish to purchase or sell.
In order to submit your purchase, you must include your name, phone number, and address. The prices are set in stone and will be confirmed when you get a confirmation number. This confirmation number will be placed on the memo line of your check.
When you place an order and get a confirmation number, you have entered into a legally binding agreement. You are not allowed to make modifications or cancellations once you get a confirmation number. Cashier checks, personal checks, and Money orders are all accepted as payment. Wire transfers for purchases totaling more than $15,000 are also accepted.
All checks must be paid to the business with which you are purchasing. On the company’s website, you’ll find the shop addresses. Orders might take up to 26 workdays to complete, but most of them go out on the same week that you make your payments. It’s worth noting that there is no minimum order for AJPM, and sales tax is not charged. All payments must be forwarded within 24 hours of confirmation.
AJPM Ratings on Consumer Review Sites
The firm’s long history in the precious metals market has helped it develop a positive reputation in the areas where it does business. The Better Business Bureau has given the business an A+ rating with no prior negative feedback in the previous three years. The agency gave them accreditation only in 2012, despite the fact that they were already accredited by the organization.
It has a 4.5-star rating on Yelp from 11 reviews, 3.5 stars on Yellow Pages from three evaluations, and four stars on Google+ and SiteJabber based on 17 assessments. The company has had numerous complaints on both Yelp and SiteJabber, which is worth noting.
The BCA does not list AJPM. All of the storefronts operated by AJPM have their own listings on TrustLink, but there are no reviews. There is also one review listed on Ripoff Report, which is a positive indicator. Of the 31 CitySearch reviews, 69 percent are positive.
Here are the ratings and comments for AJPM.
- BBB – 5/5 rating with one review, A+ rating, and BBB accredited
- SiteJabber – 18 reviews with 3/5 rating
- Ripoff Report – 1 report
- Yelp – 18 reviews with 4.5/5 rating
AJPM Pros and Cons
- Since 1991, they’ve been in business.
- Provide loans
- BBB Accredited
- Wide variety of products
- Lacks ratings and reviews
- You can’t place an order over the internet.
- No IRA services
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Whether you’re looking to invest in precious metals for the first time or are an experienced buyer, AJPM can help. They offer a variety of gold, silver, and platinum coins and bars that are IRA-eligible. Although they don’t have any storage options available at this time, their storefront locations make it easy to shop on your own terms.