Credibility: Apmex is one of the largest precious metals suppliers on the industry with over 8000 products on their website for sale. They have, in the time that they have been operational, sold in excess 94 million ounces of Silver and over 2 million ounces of gold, all in the form of either bullion or coins. The company was founded by Mr Scott Thomas who is still the existing President. Apart from building Apmex from scratch to become the largest supplier of precious metals, Mr Thomas has also led the company to be operational in more than 40 countries around the world. Mr Thomas has also personally received the prestigious Presidential Award from the ANA (American Numismatic Association), which is impressive. Apmex has a leadership team of 9, with all their information published on the website.
Because of the size of Apmex and the amount of business they have done, it is inevitable that they would have a mix of both positive and negative reviews / customer feedback. On the BBB they have 38 complaints of which nearly half relate to the product or service. On Trustlink, they have an excellent 5-star review from a customer from 2012. Going further afield than just these two sites, there are plenty of sites offering customer reviews of Apmex and the feedback continues to be a mix of both positive and negative.
This year (2015) Apmex were named 46th out of 500 Top Internet Retailers.
Website: www.apmex.com – the website is massive, but then you would expect that from a company that offers so many gold and silver products. The navigation is made up of top picks, with gold, silver and platinum being separated. Because of the vast array of products on offer, it may be best if you know before hand what you are looking for. In their ‘other items’ navigation they offer copper, storage boxes, currencies and jewelry .
Phone Number: 1-800-375-9006
Minimum Investment amount: None
Buy Back: They do offer a selling service where you can sell to them precious metals. The minimum transaction is $1,000
- BBB A+ rating
- No minimum order value.
- Family owned & the largest selection to choose from
Apmex (also known as American Precious Metals Exchange Inc) has been in operation since 2000 and as mentioned above, was started and is still run by Mr Scott Thomas. Apmex is based in Oklahoma City.
Gold IRA Rollover
Apmex does provide you with the facility for investing gold into your IRA. They do have an impressive selection of gold coins and do also sell bullion, a total of over 1400 products. If you do wish to add gold to your IRA through Apmex, you have to deal with their separate IRA department. However, unlike other gold ira companies, Apmex do not offer a custodian service. They suggest 6 different custodian companies, which means you will have to ring them all and compare their fees etc before you set up your gold IRA account. If you are not too familiar with what custodian fees you may have to pay, check out my page on custodian fees to give you a clearer picture.
Things To Consider
If you are looking to set up a gold IRA and with Apmex having a number of custodians to choose from rather offering the service themselves, you may want to consider your options.
Apmex is the largest provider of precious metals, on the market. As a gold IRA provider, their focus in primarily in coins rather than bullion. If you are a collector, then they are a great company to deal with due to the vast selection of coins.
Which Company Do We Recommend?
- BBB Rating
- BCA Rating
- Trustlink Rating
- Setup Fees
Regal Assets is the company we recommend and here is why:
- BBB Rating: A+ with 0 complaints in last 3 years see BBB results
- BCA Rating: AAA & 5 star rating based on 56 reviews see BCA results
- Trustlink Rating: 4.9/5 based on over 860 reviews since 2010 see Trustlink results
- Named 20th fastest growing financial services company in America in 2013, according to Inc. 500 magazine (click here to read press release)
Page updated 01/12/2016