Ampex

APMEX

One of the most favored online bullion dealers is APMEX. APMEX is a reputable company with great customer service and an easy-to-use website. However, before buying from APMEX, it’s important to read reviews about them and learn more about their policies. This article will help you understand APMEX better so that when you’re ready to make your purchase, you’ll know what to expect!

Who is APMEX?

APMEX Inc. is a precious metals company located in Oklahoma that was founded in January 2000 as an incorporated entity.

APMEX provides a wide selection of precious metals for purchase at favorable prices to potential and existing investors. APMEX also offers pre-1933 coins, foreign currencies, and commemoratives in addition to bullion products.

What Does APMEX Offer?

The costs and expenses you will be charged for a product include the price of the goods, freight, transportation, and insurance.

The only added cost is shipping, which is determined by how much product you order. Purchases of $99 or more are free to ship.

For selling a product to Apmex:

  • ACH – Receive a $50,000 account transfer with no cost
  • Bank Wire – If your account is under $10,000, you will be charged a $25 transaction fee.
  • Business check – Up to $25,000 is sent by first-class mail.
  • Trade for product – It must be completed by phone.

APMEX – IRA Fees

The costs and expenses you will be charged for a product include the price of the goods, freight, transportation, and insurance.

The only added cost is shipping, which is determined by how much product you order. Purchases of $99 or more are free to ship.

For selling a product to Apmex:

  • ACH – Receive a $50,000 account transfer with no cost
  • Bank Wire – If your account is under $10,000, you will be charged a $25 transaction fee.
  • Business check – Up to $25,000 is sent by first-class mail.
  • Trade for product – It must be completed by phone.

APMEX Pros and Cons

Pro

  • Excellent Rating

The company has a good reputation based on several reputable sources, including the BBB, BCA, and TrustLink. APMEX received an A+ from the BBB, AAA from the BCA, and five stars from TrustLink. However, it should be emphasized that there are a few complaints from consumers in addition to the numerous praises.

  • Professional Sales Representatives

Their sales team is highly competent and informed about the many goods and services on offer. Inquiring from APMEX’s employees can help you get important details regarding your specific concerns.

  • Numerous Payment Options

Customers can use any of the numerous payment alternatives accessible through APMEX, including bank wires, cashier’s checks, personal cheques, money orders, credit cards, and certified checks. However, for purchases worth more than $2,500, using a bank wire is highly recommended.

However, keep in mind that there is a minimum purchase charge of $50 for each transaction in the United States. For Europe and Australia, the minimal cost is $1,500, while orders from Canada are at least $250.

Cons

  • Customer Complaints

Several dissatisfied customers claim that the APMEX reviews have been good, yet they received low-quality coins instead of the precious metals they paid for.

They think that the investment package they were given doesn’t offer the greatest value for their money, so it’s a good idea to do further research before selecting this firm for your investments.

  • Delivery Issues

There have been numerous complaints about the firm with respect to failure or missed delivery dates. This is a serious issue, mainly because you paid for what you ordered on time.

For those who are current clients or potential investors in the firm, the fact that some people do not receive such high-quality service can be unsettling.

  • Unsatisfactory Customer Service

APMEX has a poor reputation for customer service. As a result, users who are dissatisfied with the delayed delivery contact customer care to express their dissatisfaction.

Unfortunately, they were only more frustrated because of the delayed reaction to their difficulties, which added to their worries and anxiety.

Opening and APMEX Gold IRA

A self-directed retirement account that includes IRS-approved precious metals is referred to as a Gold IRA. The owner of the account purchases items using funds in an IRA custodian account and stores the metals in a secure depository. With relatively steady precious metal prices, gold and silver IRAs can be part of a long-term investment portfolio with confidence.

APMEX specializes in assisting clients who want to establish a Gold IRA, so the firm provides precious metals for all functions. You should communicate with a sales representative and let them know that you wish to purchase gold to contribute to an IRA. During this process, they will assist you with:

  1. Opening a dedicated custodian account: You must use a dedicated custodial account to store your IRA assets according to IRS rules.
  2. Funding the account: This can be achieved by moving money from an existing IRA or creating a Gold IRA rollover using new cash.
  3. Choosing and buying IRA-approved metals: The IRS has strict criteria for the types of precious metals that can be used to pay IRA contributions. Gold bars, rounds, and coins must be at least 0.995 fine. The Gold American Eagle is the only one that can have a fine of 0.9167. Silver bars must be at least 0.999 fine, while platinum and palladium should be 0.9995 or better in purity.

APMEX makes it simple to acquire IRA-approved items by putting them all in one area of its website. You can look at all goods or sort them by metal, such as gold, silver, platinum, or palladium.

APMEX Gold IRA Costs

APMEX isn’t like other gold and precious metals dealers in that it makes its prices available on the internet. APMEX also shows current market values for gold, silver, platinum, and palladium. The value of precious metals may change frequently. The price fluctuations are determined by market volatility, the availability of the metals, and other circumstances.

How to Buy Precious Metals from APMEX

To acquire precious metals for a Gold IRA through APMEX, first, contact a sales representative by phone. They will make sure you select the proper metals for an IRS-approved account.

APMEX makes it simple to purchase gold and precious metals online. Choose the investment pieces you wish to acquire and add them to your online shopping basket. After adding a metal order to your cart, you have 10 minutes to complete your transaction in the event of precious metals price changes.

After you’ve picked out your precious metals, either register and login in or shop as a guest. You may use a major credit card, Bitcoin (formerly known as the symbol BTC), Bitcoin cash, or a bank transfer to place an order. You can also pay with a personal check if you become an established customer. Orders made in gold and other precious metals are subject to state sales tax. Orders under $99 will be charged a shipping fee of $9.99, while orders over that amount are free to ship.

Gold Shipping and Storage with APMEX

You can’t take physical possession of precious metals held in an IRA, owing to government rules. We do not recommend keeping significant quantities of gold or other metals at home, but amateurs are free to do so. Customers who pick a storage option pay a monthly charge to keep their money safe.

Brink’s Security-Protected Citadel Global Depository Services is the storage facility. APMEX is a wholly-owned subsidiary of Brink’s. Storage fees differ depending on the value of your gold IRA. For a portfolio worth $25,000 or less, you’ll pay $15 per month. You’ll also have to pay a custody charge of $50 to $75, plus delivery expenses if you withdraw all or part of your assets from storage.

APMEX Rankings, Complaints, and Customer Reviews

Before you invest in a firm, it’s essential to understand its performance and position in the industry on several reputable organizations.

You can see the current rating given by reputable organizations after taking customer comments and complaints into account below.

Better Business Bureau (BBB)

APMEX has an A+ rating from the Better Business Bureau, although it has had 39 complaints on file during the last three years. APMEX has been a BBB-accredited company since April 29, 2004, after fulfilling the organization’s accreditation requirements.

However, accreditation does not always imply that the business is endorsed by the BBB. With this in mind, it’s still essential to verify the company’s profile while making a decision whether or not to invest in it.

Business Consumer Alliance (BCA)

The BCA rating for APMEX is AAA. Despite this excellent grade, it’s vital to note that the lack of adequate information about the firm, particularly bad customer feedback, maybe frightening.

TrustLink

APMEX was given five stars, despite the fact that this rating was based on a single review, which is insufficient data for potential investors to make an informed selection.

The review was excellent, and it highlighted the client’s positive experience with timely delivery of the product as well as the company’s staff members’ attention to customer service.

Alternatives

Augusta Precious Metals

www.augustapreciousmetals.com

Star Rating

For individuals interested in diversifying their retirement savings through alternative assets, Augusta Precious Metals provides a variety of useful services, including physical gold and silver coins and bars.

Augusta exchanges offer a simplified and transparent approach to investing in gold and silver. Even before the purchase process, the firm has committed to assisting American retirement savers in finding difficult-to-find economic information to assist their financial decisions.

Customer education is a big priority for Augusta, which aims to educate consumers across the entire account life cycle.

Augusta provides customers with processes that make purchasing gold and silver in an IRA or outside of an IRA simple, quick, and transparent.

In other words, Augusta’s unique proprietary approach allows clients to be certain about their purchases—there are no surprises because they have access to the company’s entire team of specialists who guide them through the process.

American Hartford Gold

www.americanhartfordgold.com

4.8 star

Star Rating

American Hartford Gold is a family-owned and operated investment company that helps people invest in precious metals. Based out of Los Angeles, California, the group has provided services to investors since 2015. They offer bars and coins at competitive pricing, specializing in gold and silver IRAs.

American Hartford Gold operates with investors’ needs in mind. With convenience being everything these days, they know it and offer delivery straight to your home or the metals deposited into an IRA, 401K, or TSP account of your choice. Having these convenient options always available puts investors’ minds at ease.

The company is a simple-to-understand gold dealer in the United States. They take pleasure in offering a quick three-step process that allows you to invest in precious metals right away.

Goldco

www.goldco.com

4.2 star

Star Rating

Goldco is a well-known precious metals company with headquarters in the United States. The Gerson Financial Group LLC was originally established as Goldco; a top-rated precious metals firm focused on business-to-business sales.

Goldco is a full-service precious metals company based in Woodland Hills, California, specializing in gold and silver IRAs. They also sell precious metals directly to consumers and provide crypto IRAs or Bitcoin IRAs through their sister firm Goldco.

For the last 15 years, Goldco has assisted thousands of people in diversifying, expanding, and protecting their wealth by offering physical metals like gold, silver, platinum, and palladium. The company’s aim is to aid Americans in preserving their retirement savings accounts from stock market volatility and inflation by using precious metals.

The Company specializes in the sale and delivery of IRA-approved gold and silver coins. Furthermore, the Company focuses on assisting you in determining which precious metals are best for you.

Birch Gold

Birch Gold

www.birchgold.com

Star Rating

The Birch Gold Group, a company that sells gold, silver, and other precious metals.

You may also invest in precious metals by buying them for use as a physical position or in an IRA. They’re a California-based company that provides a full range of services through the internet.

The firm’s primary objective is to safeguard your portfolio against price increases.

Precious metals have historically gone in the opposite direction of the stock market, which helps to offset the effects of unpredictable market events on regular investments.

Birch is likewise dedicated to providing excellent customer care, with a particular focus on education. They provide a variety of customized choices to assist you in determining the best investment for your unique requirements.

Conclusion

If you are looking for gold, silver, or rare coins to invest in, APMEX is an excellent company with competitive prices and top-notch customer service. When it comes to opening a Gold IRA account, there’s no better place than APMEX because their experience will ensure that your time and money are invested wisely.

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