Last Updated on November 30, 2023 by Ben
If you are contemplating investing in precious metals, you’ll need to find a trustworthy and excellent business to assist you.
Is Miles Franklin the firm you’re searching for? What products and services does it provide? Is it a fraud or a genuine business? This Miles Franklin Review will answer any remaining questions. Without further ado, let’s get this party started.
What to Know About Miles Franklin
What is Miles Franklin?
Miles Franklin is not your typical gold and silver coin firm. Their method provides a unique approach for diversifying one’s assets with precious metals. Since 1989, this strategy has resulted in pleased clients from all around the country.
The company is a full-service business and a low-cost discount broker, in contrast to typical coin dealers. We think that fair pricing combined with thorough client education and support can and should coexist hand-in-hand.
David and Andrew Schectman launched Miles Franklin. Their goal was to provide a wide range of precious metal products, as well as professional broker support and, of course, reasonable pricing.
Miles Franklin is a firm that offers you something unique: If you have never heard of it before, they are the most unusual company name ever. They’re both a full-service business and a low-overhead discount broker.
The goal of the firm is to develop personalized assets with precious metals as a creative approach for increasing sales. Since 1989, Miles Franklin has been using this technique to provide clients across the country with excellent outcomes.
They have two locations now; Wayzata, Minnesota, and Delray Beach, Florida.
The Company Mantra
Miles Franklin claims a list of characteristics that the firm uses to establish its foundation on its website.
Integrity, reputation, knowledge, experience, service, products, relationships, and last but not least, resources.
When combined, these illustrate the basis of why Miles Franklin was founded and what kind of mentality it runs on.
Miles Franklin Management Team
Miles Franklin was formed in 1989 by David and Andy Schectman, father and son. Andy is the owner and president of the firm, while David is the CEO.
How Does Miles Franklin Work?
Unfortunately, Miles Franklin does not allow its customers to do business online, unlike other firms. They have a website, though, and you can find some information about their services and policies on the website.
If you want to learn about the costs of their items or place an order, call them at 1-800-822-8080 or 1-952-929-7006.
When you reach out to them by phone or through email, they will assist you with your questions. They will take it from there and help you with your concerns.
Is Miles Franklin Ltd A Scam?
Miles Franklin is not a hoax. It’s a real and reputable business that provides high-quality products and services.
Furthermore, it has a long history in the business. The main disadvantage of this business is that clients can’t purchase items online because it doesn’t have ratings and reviews compared to its competitors.
Nonetheless, it is absolutely up to you whether or not you want to work with Miles Franklin with your investments.
Miles Franklin Precious Metals IRA Info
Miles Franklin offers a wide range of precious metals IRAs. Its annual cost is variable, but it comes with flat fees. They have partnered with storage vaults from Brinks as well as an independent custody service provider NewDirection Trust Company.
They have been in the industry for 32 years (1989); they offer gold, silver, platinum & palladium.
The Miles Franklin Pros and Cons
- They’re quite trustworthy; they’ve been in business for more than 30 years.
- Customer service was exceptional, pleasant, and timely.
- Perfect for beginners, as well as seasoned ones.
- No red flags like on trustpilot.com, ripoffreport.com, etc.
- Offers IRA services
- There aren’t many online customer reviews.
- The firm has no price information on its website.
- Cannot order online
Miles Franklin Custodian and Storage
Your precious metals are completely isolated with your name and account number visibly printed on the box. Transparency is one of the most important features of any outstanding storage solution.
This is something that Mile’s Franklin understands, which is why they allow clients to bring in, drop off, or collect their Silver, Gold, Platinum, or Palladium. In reality, you may sell your assets and get paid within a few days.
Brinks provides fully separated vault storage for precious metals acquired through Miles Franklin. There are a variety of facilities to select from, including locations in Los Angeles, New York, Salt Lake City, Miami, Vancouver, and Toronto.
For custodial services, New Direction Trust Company has partnered with Miles Franklin.
How Is Shipping Handled?
UPS or USPS is used to deliver all purchases. Every box is fully covered by insurance and must be signed for upon delivery.
All precious metal purchases of at least 10 ounces of gold, platinum, or palladium receive free domestic delivery and insurance. Free domestic delivery and insurance are also available on all bulk orders of 500 ounces or more of silver.
You should expect shipping and insurance expenses of approximately $15 if you don’t spend that much on your purchase.
If you have any queries concerning shipping or require further information on this topic, it is strongly recommended that you contact a broker for any additional international shipping concerns.
Miles Franklin Products and Services
Silver, gold, palladium, and platinum bars and coins are some of Miles Franklin’s offerings. It also provides IRA-permissible precious metals and collectible gold alternatives.
The firm also works with clients to sell goods but is also interested in purchasing precious metals from them. Miles Franklin also provides custodian and storage services.
For the firm’s customers, Brinks provides a totally separated vault storage service. The following sites are accessible to the consumers:
- New York
- Los Angeles
- Salt Lake City
The custodial services are handled by New Direction Trust Company.
Miles Franklin Review – Complaints and Ratings
Before you make a final choice, you should always examine and compare multiple investment firms against one another.
Here are the most reputable and well-known review and rating systems on the internet to discover what score they have assigned Miles Franklin. This indicates how good a company performs, so look at these websites to determine if your future business with them will be beneficial or not!
BBB – 4/5 rating, 3 reviews, A+ rating, BBB accredited,
BCA – CC rating, 1 review
Trustpilot – 3.7/5 rating, 1 review
Yelp – 4/5 rating,4 reviews
Facebook – 4.7/5 rating, 5 reviews
Augusta Precious Metals
Augusta Precious Metals was established in 2012 to provide guidance to its customers on the best financing alternatives for a secure and comfortable future. They’ve received an A+ grade from the Better Business Bureau, a Triple-A rating from the Business Consumer Alliance, and TrustLink’s highest possible ranking. They also have a Triple-A ranking with the Business Consumer Alliance. With just a quick glance at Google and Facebook reviews, you’ll see that they’re flooded with positive feedback.
7-day price protection is also available through Augusta Precious Metals. Because the value of precious metals fluctuates, if the price of gold or silver falls within seven days of you placing your order, you may alter your purchase price to reflect this new, lower price.
The firm offers a 100 percent money-back guarantee for first-time buyers of precious metals like gold or silver coins. If you have doubts about your purchase, you can receive a complete refund within seven days after making the purchase.
American Hartford Gold
In 2015, American Hartford Gold was established as a precious metals investment firm. The firm also offers a simple method for setting up a Precious Metals IRA for retirement investors. American Hartford Gold provides an outstanding range of IRA-friendly gold, silver, and platinum investments.
Unfortunately, no palladium items are currently available. The website does not offer product pricing. Customers may call a customer service representative at a toll-free number to obtain pricing.
The following are some of the gold and silver coins and platinum bars available in the American Hartford Gold: The most popular gold coins are the Gold American Eagle, Gold Canadian Buffalo, and the Gold American Buffaloes. Silver options include the Silver Gyrfalcon and Silver American Eagle. The Platinum American Eagle, Platinum Austrian Philharmonic, and Platinum Canadian Maple Leaf are some of the platinum coins available.
Trevor Gerszt established Goldco in 2006. Gerszt wanted to build a firm that would assist each customer in making sound financial choices so that they could retire comfortably and financially thrive in the future. The firm specializes in assisting its customers with rolling over existing retirement savings accounts, establishing new Precious Metals IRAs, or purchasing gold and silver coins and bullion for personal collections or investments.
The BBB has given Goldco an A+ rating and a Triple-A ranking from the Business Consumer Alliance. They have a solid track record and high ratings on review platforms such as Trustpilot and Google. The firm’s strong evaluations and extremely happy clients should assist you in feeling safe about entrusting your business to Goldco.
If you’re a collector looking to buy some extra coins or bars, Miles Franklin is probably worth checking out. The company offers many different opportunities for collectors and investors alike with products like silver rounds and gold bullion. And if you already have your own secure storage to store your precious metals in Miles Franklin, they can help find some good products to fill out your collection too.