Our research has indicated that American Precious Metals Exchange is a dependable investment opportunity. Nevertheless, we will also explore other companies with better reviews and more reasonable fees in our comprehensive review.
To see a list of the best companies in 2023 click the link below:
<< Click Here To Discover The Best Gold IRA Companies of 2023 >>
If you’re in a rush, here are our top 3 picks with some information about them:
#1 BEST OVERALL: Goldco
#2 BEST FOR HIGH NET WORTH INDIVIDUALS: Augusta Precious Metals
August Precious Metals Detailed Review
#3 BEST FOR INVESTMENTS UNDER $5000: Birch Gold Group
Birch Gold Group Detailed Review
Investing in precious metals has become increasingly popular over the years, as more people recognize the value and security offered by these timeless assets. Precious metals such as gold, silver, platinum and palladium have been used as a store of wealth for centuries, and they continue to be sought after by investors and collectors alike.
Precious metals companies are an integral part of this market by allowing buyers to purchase these valuable assets at competitive prices and often offering deals.
One such company is the American Precious Metals Exchange (APMEX), which has established itself as one of the leading precious metals dealers over the past two decades.
Here, customers are able to purchase bullion coins, rounds, and bars; U.S. Mint products; Pre-1933 gold coins; certified Pre-1933 gold coins from NGC, PCGS, Anacs, or ICG; numismatic jewelry in gold and sterling silver; 90 percent junk silver coins; foreign currency plus base metal coins from around the world.
APMEX also provides customer services like secure storage for precious metal products in their home vault or third-party Vault Storage Programmes in Delaware.
This blog post serves as a comprehensive review guide of the American Precious Metals Exchange – offering insights and analysis on the company’s products, services, and reputation within this industry. With valuable insights from reviewing APMEX’s offerings, it can help buyers make informed decisions when choosing where to buy or sell their precious metals.
About American Precious Metals Exchange
#1 Readers Choice
In 2000, Scott Thomas established the American Precious Metals Exchange (APMEX) with the goal of simplifying the process of purchasing and selling precious metals for individuals. Based in Oklahoma City, APMEX is a well-regarded precious metals dealer that boasts an A+ rating from the Better Business Bureau.
The American Precious Metals Exchange offers an impressive product range, featuring gold and silver coins, bars, rounds, and other precious metals such as platinum and palladium. APMEX has built a solid reputation thanks to its high-quality offerings, prompt service, and competitive prices – all of which have made it a go-to choice among investors and collectors.
However, APMEX has also had its share of detractors who criticize its dismal customer service skills. Such criticism generally revolves around issues pertaining to long delivery times and inadequate communication.
Despite this setback in customer relations though, APMEX efficiently supports clients through every step of their investment journey with dedicated round-the-clock resources providing investment guidance via email or phone call.
Ultimately then, while rated highly in other areas – there’s some work that needs to be done when it comes to exceptional customer service at APMEX.
American Precious Metals Exchange Products and Services
APMEX, the American Precious Metals Exchange, offers a vast array of coins and metals, making it one of the largest online bullion dealers globally. With over 40,000 products listed on its website, customers have the freedom to choose from a variety of precious coins and metals to purchase.
This includes IRA-approved metals to invest in. In addition to selling these certified metals, APMEX also has a dedicated IRA specialist to provide guidance and advice on new IRA accounts while also helping with any investments.
This eliminates the stress that often comes as part of picking an IRA custodian and making sure one’s investment meets all requirements. Customers have access to popular gold coins such as American Gold Eagles, Canadian Gold Maple Leafs and South African Gold Krugerrands which are produced by multiple mints worldwide.
Moreover, those looking for gold bars can find them from certified mints like PAMP Suisse, Credit Suisse, or Johnson Matthey. However, it should be noted that there is a minimum purchase requirement of $2,000 when opening an IRA account from APMEX.
APMEX is a truly remarkable precious metals retailer as it provides customers with an extensive selection of gold, silver, platinum, and palladium products. Specifically, the company conveys 594 gold products in its collection along with 1,537 silver products, 75 platinum products, and 3 palladium items.
Furthermore, the company has a selection of tens of thousands of objects that can potentially be purchased once they become available. From bullion coins and bars to rare coins, and commemorative pieces, and from American currency to international money, there is an incredible breadth in this inventory.
Any investor will have no issue finding the popular IRAs eligible coins and with over a thousand product options at hand each carrying different pricing points and weights to choose from; it is easy to see why APMEX is widely regarded as one of the best dealers in the precious metal trade industry.
Additionally, for collectors, there is an enormous selection of copper pieces, jewelry, and within their catalog to putting them ahead of the competition with regard to comprehensive commodity gratification.
Everything considered APMEX seems to have thoughtfully compiled its huge range through years of dedication to give customers the utmost satisfaction when picking out their desired metallic merchandise thereby making it an ideal haven for modern-day investors all over the world.
American Precious Metals Exchange Gold IRAs
Investing in a precious metals ira is a great way to partake in the market of precious metals and begin securing your retirement portfolio.
With precious metal prices reaching fairly stable levels, you can be confident that your money will be safe in the long term whether it is gold, silver, or other IRS-approved materials.
When you decide to invest in an IRA, APMEX can help guide you along the crucial steps; this includes selecting an appropriate asset such as gold or silver, and making sure it is stored safely within a secure depository or custodian account.
In addition, their knowledgeable sales team is knowledgeable and friendly and they will take the time with you personally throughout this process.
Opening a dedicated custodian account can be a beneficial way of investing in gold and silver.
The IRS requires that you hold your IRA assets using a dedicated custodial account, so it’s important to understand the process before getting started. You can fund your account using new funds or rollover existing assets from an existing IRA.
Additionally, the IRS has specifications regarding the types of bullion IRA investors may use; gold assets must be at least 0.9995 fine for bars, coins, and rounds with the exception of the gold American Eagle which should be at least 0.9167 fine.
Similarly, silver products must be at least 0.999 fine while palladium and platinum should meet a .9995 fineness requirement when adding to an IRA-approved portfolio.
Fortunately, APMEX provides this information conveniently on their website by grouping all qualified products together in one section so you’re never far away from the resources you need to select and purchase your metals successfully.
American Precious Metals Exchange APMEX Club
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Joining the APMEX Club is a no-brainer and comes with no hidden fees. As soon as you receive your second shipment, you are automatically enrolled in membership.
Each tier of membership offers exclusive opportunities which you can take advantage of.
To join the Select level, you need to order 2 – 5 orders or spend more than $5,000; 6 to 9 orders or spend more than $9,000 will get you the Premier tier; and your Elite status requires 10+ orders and or spending more than $20,00.
The more shipments you purchase, the higher up on the rank ladder you will find yourself climbing with eligibility for additional but enhanced privileges awaiting at each section.
If you’re looking to upgrade your online shopping experience, you may want to consider signing up for one of the four tiers offered by a certain website.
The Select tier is perfect for those who just want the basics, offering only the most basic features that an account can provide. Moving up to the Premier tier bumps you up to priority order fulfillment and includes a special anniversary gift for an added bonus.
The Elite tier gives access to exclusive promotions as well as same-day shipping on eligible purchases while taking it one step further with the VIP tier provides discounts on large orders so you can save even more and get them shipped faster!
It’s important to keep in mind that all higher tiers include any and all benefits offered by the lower ones too – so users are getting great value with each upgrade!
American Precious Metals Exchange AutoInvest Feature
There are many ways to invest in precious metals, but with APMEX, you have the unique ability to set up automatic purchases that minimize the effect of market fluctuations. This method is known as Dollar Cost Averaging (DCA) and it has demonstrated success for any scope of investment.
Through APMEX’s dashboard, you can manage and organize your investments in a timely fashion by setting up incremental purchases on a daily, weekly, biweekly, monthly, or even quarterly basis.
If you’re familiar with Acre Gold’s monthly plan, APMEX’s AutoInvest offers similar features and deals but supports other resources as well.
However, not all products support AutoInvesting and so only those products that have a ‘Start AutoInvest’ button on top of the ‘Add to Cart’ button can be bought through this process. Investing smartly through auto-purchasing is now easier than ever with APMEX at your disposal!
American Precious Metals Exchange Storage Solutions
Storing Precious Metals can be a difficult task – you want maximum security, easy accessibility, and importantly an attractive fee structure. That is why APMEX has a partnership with Citadel Global Depository Services, as it offers all these benefits: maximum safety, simple storage solutions, and competitively priced fees.
Citadel is owned by APMEX and managed globally by Brink’s, one of the most renowned security companies in the world. This ensures that your purchases are kept separately from others in the facility, ultimately protecting them against theft, damage, or physical loss.
For orders over $500 with APMEX, there is no additional cost to store with Citadel, so you can purchase at ease knowing that your items will be kept safe and secure.
If orders are below $500 then a minimal shipping fee of $9.95 will be applicable; however, this helps ensure that all Precious Metals stored remain as safe as possible.
Unlike other storage solutions available on the market which can tend to charge up to 150 basis points (.15%), Citadel actually charges much lower at 55 basis points (.55%). This means its prices compare similarly to ETFs which usually carry management fees somewhere around this level too.
Thanks to Citadel and APMEX you can make assured investments in Precious Metals without worrying about their security or storage costs!
American Precious Metals Exchange Shipping, Handling and Insurance Charges
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APMEX provides a dependable shipment option for our customers. Orders are shipped Registered/Insured U.S. Mail, & UPS, which guarantees the packages to be securely delivered with full insurance, and a signature may be required on delivery.
The average time it takes for the package to arrive is within 1-10 business days, depending on the final destination of the package.
To ease any worries about the package being lost or stolen, you will be provided a tracking number via email once the shipment has gone out.
This way you can keep track of when you will expect your product to arrive and have proof that it had been sent out from APMEX.
Whenever an order surpasses $199† in merchandise value, they offer free shipping on them so more people get to experience the ease and comfort of shopping with them. Even if your order is less than $199, there is no minimum order requirement—however, a shipping fee of $9.95 will then apply.
You can shop with confidence knowing that APMEX is providing an efficient system that assures delivery of your package quickly and reliably!
Pros & Cons of American Precious Metals Exchange (APMEX)
Pros
- Large product range with over 40,000 items
- Competitive prices
- A+ rating from Better Business Bureau
- IRA-approved Precious Metals metals available
- Knowledgeable sales team available
Cons
- Minimum purchase requirement of $2,000 for IRA accounts
- Long delivery times and inadequate communication
- No physical store locations
- Higher shipping fees for small orders
American Precious Metals Exchange Reviews Online
In recent years, American Precious Metals Exchange (APMEX) has become a major player in the world of online precious metals trading. It is renowned for having favorable reviews across numerous review sites on the internet, with many customers praising its great value prices, and speedy delivery.
Additionally, their services are well-rated for their time-saving convenience and effortless purchasing process. As more Americans become gold investors to protect their wealth and future investments, APMEX continues to stand out as one of the finest precious metal traders in today’s marketplace.
“have used Apmex on several occasions with no issues. I did see one review where the coin was being shipped to the wrong address. That happened to me as I failed to update my address after a move.
It was being shipped standard USPS, I called Apmex the next day to explain and they were really good about it. They put some kind of trace on it and got it shipped back to Apmex, it was then shipped out with the new address and all was good. Just delayed.“
Paul of Pensacola, FL
5 Start Rating on ConsumerAffairs
“I have been using APMEX for precious metals for over 12 years. If I were to recount all my orders, I am sure that they would be at least 40 orders from me. I have never been disappointed!
Their shipments are always timely and the quality is what I have expected and sometimes even exceeded expectations. I can highly recommend them.“
Ferrell Y
5 Start Rating on Better Business Bureau (BBB)
“I did receive my order and do time and it was correct. However, reselling to this company is quite a joke. Adam, one of the main rebuyers of inventory is a complete basket case and verbally assaulted me for changing my mind.
After spending a precious 7 minutes of his time. I understand the frustration but the way he talks to me was completely unprofessional and I would never do business with this company again.“
Chad
3 Start Rating on Trustpilot
FAQS About American Precious Metals Exchange (APMEX)
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