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Investing in American Coin Co. involves a straightforward process and offers a range of precious metals products. With no setup or rollover charges for IRAs and inclusive coverage of shipping and insurance, they prioritize cost-efficiency for investors. They require a $2,000 minimum for cash investments and $10,000 for IRAs, which is competitive in the market. They offer a variety of gold and silver coins, ensuring a minimal and focused product list. While newer in the market without extensive reviews, their absence of complaints suggests a positive customer experience. They also offer secure storage options and a ‘No fees for life’ promotion for qualifying clients.
Years in business
American Coin Co. is a relatively new entrant in the Precious Metals IRA niche, and as such, does not yet have a long history or a wealth of customer reviews and ratings. However, the lack of complaints online is a positive indicator of their reliability. They operate out of Washington D.C., and serve customers across all 50 states, offering gold IRA accounts and precious metals purchases with reputable storage options. While they may not have the established history of some competitors, the absence of negative feedback and the legitimacy of their business practices suggest they are a reliable company.
Minimum IRA investment
American Coin Co. requires a minimum investment of $10,000 to open a Gold IRA. This threshold is established to facilitate a diverse and robust precious metals portfolio within an individual retirement account. For investors looking to make cash purchases of precious metals directly, the minimum investment is significantly lower at $2,000, allowing for more flexibility and accessibility for those not ready to commit to the higher IRA investment threshold.
American Coin Co. also offers a unique 'No fees for life' promotion on qualifying purchases which can cover administration and storage costs for one to ten years, further incentivizing the minimum investment for an IRA. These investment minimums and promotions are part of their efforts to make investing in precious metals more affordable and appealing to a broader range of investors, from seasoned traders to those new to precious metals or retirement savings.
When investing with American Coin Co., there are no fees for setting up a precious metals IRA or for rolling over a retirement account. The company covers all application fees, startup costs, management, and custodial fees if their preferred custodian is chosen. However, there is an annual depository fee of $200. Eligible customers may qualify for a fee-free alternative, and American Coin Co. may cover administration and storage costs for a minimum of one to ten years for qualifying clients. Additionally, they offer free shipping and insurance on all transactions. Read more
Services offered
American Coin Co. offers precious metals IRAs with no setup or rollover fees and includes free shipping and insurance on transactions. They provide a straightforward investment process with a minimal product listing of gold and silver coins, and boast a 'No fees for life' promotion for eligible IRA investments. The company also facilitates direct cash purchases of precious metals, with secure storage options through third-party depositories like Brink's or the Delaware Depository.
Best Suitable for
American Coin Co. is suitable for a wide array of investors, especially those interested in diversifying their retirement savings with precious metals IRAs. With a minimum IRA investment that's competitive, it's accessible for both new and seasoned investors. The company is also ideal for cash investors looking to directly purchase gold and silver, with a relatively low entry point of $2,000. Their client-focused services, including free shipping and potential for no fees, make them a fitting choice for those seeking long-term investment in precious metals with an emphasis on cost efficiency and security.
Storage and Insurance
American Coin Co. uses reputable third-party depositories like Brink's or the Delaware Depository to store precious metals for their IRAs. They offer secure storage solutions to their clients and the annual depository fee is $200, although fee-free alternatives may be available for eligible customers. The company also includes shipping and insurance in their service offerings, ensuring the safety and security of the precious metals from the moment of purchase to delivery at the storage facility.
Our Verdict
American Coin Co. emerges as a reliable choice for investors seeking diversity and quality in gold investment products. The company’s competitive pricing, transparency, and excellent customer service are commendable, providing a conducive environment for gold investments. However, the lack of online resources and a buyback guarantee might pose challenges for some investors, especially those new to gold investments. In conclusion, American Coin Co. is a robust option for those who prioritize diversity, quality, and competitive pricing in gold investments, but it requires prospective investors to conduct their research due to limited online support.
