Many websites specialize in helping potential gold buyers evaluate their options.
When looking to buy gold online, make sure the website gives detailed information about the following elements surrounding a gold purchase:
GoldSilver is an excellent choice for gold purchasing, storage, and sales.
The U.S. shipping, handling, and insurance is free of charge through GoldSilver on orders of $499 and over!
There aren’t any minimums with GoldSilver—only a standard flat-rate shipping fee for every U.S. order, regardless of weight or dollar value.
Shipping to storage facilities in the U.S. is free for orders over $499 at GoldSilver.
International vault storage options are available through GoldSilver at the following locations:
Here is a link from GoldSilver’s website that will allow potential international buyers to gain more detailed information on their shipping process.
Through using GoldSilver, you can expect the following:
Part of what makes APMEX’s website so impressive is how extensive their catalog is. APMEX is based in the USA. When browsing for gold on APMEX’s site, users will find a plethora of options that are both well detailed and organized.
APMEX makes you feel like a precious metals expert. Their gold section is separated into the following categories to make sure you’re ahead of the curve:
With all of these options, you won’t have to feel lost in the numerous gold buying options.
It’s easy to sell to APMEX. You can request a quote, call the website, finalize your price, and pack it away for shipment. Once your purchase has made it to APMEX’s facility, APMEX will verify the products. After the evaluation, expect to get paid within a business day.
The minimum buy-back to sell to APMEX is $1,000.
Citadel provides top-notch security by parting with APMEX. The private storage facility is a partner of Brink’s, one of the world’s leading security company’s.
Shipping costs to APMEX storage facilities are affordable. For orders over $500, there isn’t a shipping fee—and for orders under $500, the shipping fee is $9.95. Once your orders are shipped, they are insured to protect against theft, damage, and loss.
Regal Assets stands as the #1 rated metals and crypto IRA company. Beginning with a small investment and a broad vision, Regal Assets sought to simplify the process of purchasing precious metal assets at a time when the industry was under a massive bureaucracy.
If you’re looking to add high-value metals to your investment portfolio or retirement account, look to Regal Assets. The goal at Regal Assets is to put clients first through a non-pushy approach to customer service that revolves around education.
Storage is taken seriously at Regal Assets. Customers are provided fully-insured storage at some of the lowest costs in the industry. When storing gold at Regal Assets, you can expect the following:
Storage at Regal Assets is a partner of security industry leader Brinks.
Since Regal Assets additionally focuses on amplifying investment portfolio’s, the selection of gold items is more refined. While more refined, you’ll find all the in-demand gold options that include the following:
SchiffGold works to provide gold buyers with a dealer they can trust. Staff at Schifgold work to make the process of buying gold as easy as understanding the value of purchasing gold.
Customers who are looking to purchase precious metals through SchiffGold can expect the following:
Selling gold to SchiffGold is a straightforward process that can be done in the following steps:
The live-pricing charts of gold on SchiffGold’s website are interactive and easy to understand.
Expect to be linked with some of the finest professional storage services at SchiffGold. With storage locations all over the world, you won’t be locked into a long-term commitment. Your vault will be protected 24/7 by vault guards and additional security features.
Bitcoin is recognized as a valid form of payment when purchasing gold and silver on SchiffGold.
If you’re looking to diversify your bullion collection, SchiffGold offers a page on their website dedicated to advertising limited edition gold bullion. These products are limited by the governments that distribute them.
Schiffgold confidently recommends coins such as the Canadian Gold Wolf to more serious investors.
You won’t have to decide between low prices and quality service when working through SchiffGold. The purity and authenticity of every product are guaranteed. Prices are competitive, and sales members provide help with a low-pressure approach.
Here are the most common ways that people purchase and invest in gold:
Purchasing gold bullion is a far less risky endeavor than investing in mining stocks. The two most accessible gold coins to buy are the American Eagle gold coin and the Canadian Maple Leaf gold coin.
Gold mining stocks are not tangible assets and carry higher risk due to the possibility of literally and figuratively striking gold.
Selling gold coins is just as easy as buying them due to the demand. Potential buyers of gold bullion will have to access the following factors regarding their purchase:
You will most likely have to pay extra shipping fees if you’re an international buyer. Storing your gold after you’ve purchased it online is one of the essential parts of buying gold.
A lot of quality gold selling websites emphasize their style of customer storage. Gold buying websites frequently put the purchases in the buyer’s name and ship them to a private storage vault.
One benefit of buying gold online is convenience. Once gold is under a buyer’s name in a personal vault, investors can easily add to their gold assets with just a few clicks.
However, if you are buying gold as a protection against a SHTF (Shit Hits the Fan) scenario where you think dollars will be worthless, you should custody your gold yourself and not allow a company to hold it for you.
It’s important to note that chances are, you’re going to receive higher prices when buying gold at smaller, local coin shops. Smaller coin shops have both limited sales and inventory levels, which make them charge higher premiums.
Watch out for local dealers that have prices that seem too good to be true. Some gold scammers will present more than fair prices while stalling orders and providing non-existent customer service.
When seeking a place to buy gold locally, look for the following:
While some people prefer buying gold at a local shop, purchasing gold online is the safest and most convenient way to acquire gold.
Let’s access the pros and cons of buying gold locally, in-person:
Buying gold coins from a bank is recommended. Many banks in the U.S. sell gold coins, although many won’t publish that information on their website to minimize security risks.
Visit the U.S. Mint website and utilize their authorized dealer directory to get information on what banks near you sell gold coins.
An additional method of acquiring information on a bank selling gold coins is to call the bank. While the bank may not advertise the information on their website, they’ll be happy to give information to potential buyers.
Purchasing gold coins from a bank comes highly recommended since the risk of the buyer being ripped off is drastically lower due to heavy regulation and straightforward dealings with the U.S. Mint.
Websites such as BullionVault offer allows users to invest privately in gold while accessing professional bullion markets. When looking for lower costs in buying, selling, or storing gold, look no further than BullionVault!
BullionVault sits as the world’s largest online investment gold service and is co-owned by GBIT and Augmentum Capital.
Storage is a priority at BullionVault. Physical gold exists through BullionVault in professional vaults located in New York, London, Toronto, Zurich, or Singapore. Since BullionVault is a large company, they’re able to negotiate lower storage prices that always include insurance.
Sometimes selling gold comes at a penalty, but not with BullionVault. Users of BullionVault can sell at any time with no penalties and will receive their money through wire transfer the following day.
Do you know what you want and are looking to cut to the chase? No problem! You can purchase gold through BullionVault in about two hours.
Let’s wrap up our evaluation of BullionVault by pointing out the reasons you should buy and store with them:
Similar to buying gold, it’s essential to shop around for the right person to sell your gold. If you purchase gold from a reputable website such as one of the sites we explore below, there is a fair chance they have an established seller program.
Before you start shopping your gold around online, have your gold’s price estimated by individuals such as local jewelers. Go to three or four stores for estimates.
Watch out for ‘rogue’ buyers. Rogue buyers are individuals who go from town to town with pop up shops that tend to undercut the value of gold owner’s assets so the rogue buyer can turn a profit.
If the person buying gold from you doesn’t ask to see your I.D. or doesn’t have a state-issued license to purchase gold, it’s best to take your gold elsewhere.
One strategy rogue buyers can use to undercut sellers is weighing the gold with a system called pennyweight. A pennyweight equals 1.555 grams so that a pennyweight would give the seller less money instead of standard gram measurement.
You’ll have a better chance of getting the best value for selling your gold if you go through an accredited gold buying and selling a website, such as one of the sites listed below. Many online sellers are continually looking to expand their inventory.
Online sites such as eBay, Craigslist, and other online websites have platforms geared explicitly toward the gold trade.
While buying gold in person has it’s pros, purchasing gold online is the best choice to make. Increased accessibility, lower prices, and more inventory options should be enough reasoning to make your next gold purchase online.
Don’t worry about the security of buying online. Reputable brokers such as the websites mentioned above insure packages and are partnered with top-notch security facilities.
Gold has been used as a store of wealth for as long as mankind has had any wealth to store. It’s one of the few investment classes that you can actually hold in your hand – and it can act as a valuable diversification tool in a balanced portfolio. There are many ways to purchase gold, but the most popular is to own physical gold bullion and coins. If you’re wondering where to buy physical gold online, keep reading for our top recommendations.
GoldSilver.com is a popular and trustworthy online gold broker. They offer a great selection of investment-grade gold bullion and coins, all at competitive premiums. They buy and sell, so you can also sell your investments to GoldSilver.com should you choose to do so.
We like this vendor because they offer a good selection, and more importantly, their buy/sell margins are very competitive. Their low premiums over spot make this one of the best places to buy physical gold online. Shipping is free on orders over $499 – and should you choose to, GoldSilver will also store your gold in secure vaults for extremely competitive rates (starting at just 0.06% of asset value per year).
SD Bullion is another great place to buy physical gold. We often recommend it to new investors, as SD Bullion offers a very low order minimum – purchases over $99 qualify for free shipping. Since most competitors charge shipping for small orders, SD Bullion is a great option for beginners and for those buying small amounts of gold frequently.
As the name suggests, this company primarily buys and sells bullion – gold, silver, platinum, palladium, and more. However, they also carry some collectible numismatic coins, as well as “semi-numismatic” gold/silver coins that offer a combination of intrinsic and collector value. Purchasing through SD Bullion is one of the best ways to buy physical gold online, particularly for those with smaller budgets.
BGASC.com is a large scale online bullion dealer. They have built a reputation for fair prices, no order minimums, and ultra-fast shipping in secure, insured packages. While they have no order minimum, their order size to qualify for free shipping is higher than average at $5,000.
For investors thinking about retirement savings, BGASC also offers a good way to invest in precious metals in a tax-advantaged account. They offer a precious metal IRA program, and sell a wide variety of IRA-compatible gold coins. The process is simple, and pricing is very competitive.
Money Metals, also known as Money Metals Exchange, is an online precious and base metals dealer. They sell everything from gold coins to copper bars, offering investors a huge range of interesting assets to choose from. Their premiums over spot value are competitive, and they have a reputation for excellent customer service.
Money Metals is a great option for beginners, for a number of reasons. For one, they offer several free resources for investors, including buyer’s guides, and ample information on the pros and cons of precious metal investment. They even offer starter portfolios, which include a variety of bullion and coins at a set price – perfect to start off your precious metals stack!
Option to store your gold in secure vaults, or take possession Instantly buy and sell physical bullion Clients can visit vaults in-person to view or withdraw stored bullion Storage fees can add up, however – typically 0.95 to 1.5% per year
GoldBroker.com is a popular option for those who want to own physical bullion, without worrying about shipping it or storing it safely. When you purchase from GoldBroker, your gold is stored in secure vaults located in financial centers around the world. At any time, it can be sold or withdrawn and shipped to you. This is a good option for hands-off ownership of physical gold, but keep in mind that storage fees can eat into your profits over time.
There are two basic ways to own gold: physical coins and bullion that you can hold in your hand, and shares of investment vehicles such as gold ETFs and mutual funds. Both perform similarly in normal markets, yet there are some stark differences.
On the other hand, the downsides of physical gold include the hassle of storing it securely, the premium over spot price that is typically paid, and the risk of receiving fake coins (which can be eliminated by shopping with a trusted online vendor).
While investing in gold funds may seem like a simpler option, there are some important downsides to consider. A big one is the ongoing fees associated with these funds, which can really eat into your performance over time. And equally important is the fact that you don’t truly own any gold when you purchase these funds. In a worst-case-scenario, “paper” gold may not do you much good.
The online vendors listed above are our top recommendations. However, there are other methods to buy physical gold, including:
Local Coins Shops/Bullion Dealers – Local coin shops in your area may offer a decent way to purchase physical gold. However, this varies greatly by region, and the quality of coin shops in your area. Premiums over spot price may not be as competitive as online dealers, and the potential for fakes/counterfeit coins may be higher. If you choose to buy from a local coin dealer, make sure to do your research beforehand to identify the best option in your area.
Other Collectors & Investors – If you know other people who collect or invest in gold, you can make direct purchases from them. There are also online forums and other resources you can use to work with other collectors. While you can sometimes score better deals this way, the potential for fakes, scams and even robberies is far higher – so in general we do not recommend this method for buying physical gold.
Through a Retirement Account – Most gold investors are aware of the potential to invest in gold ETFs and mutual funds through their retirement accounts. However, few are aware that some retirement accounts (particularly self-directed IRAs) allow for the purchase of physical gold bullion. Rules are complex and highly dependent on the administrator of your plan, so if you go this route you will have to do your own research.
Through a Broker with Secured Storage – Another unique way to buy physical gold but not actually take possession of it is to purchase through a gold broker that offers secure off-site storage. Popular options include BullionVault.com and GoldSilver.com. With these companies, you do technically own physical gold, but the broker will store it for you until you decide to take possession. This method is not for everyone, but presents an interesting option to consider for hands-off investors.
In the end, the most important thing to remember when it comes to buying physical gold coins is that you need to work with a company you can trust. Be cautious of newer vendors who lack a reputation, and keep an eye out for any red flags. If in doubt, stick to very reputable vendors like those listed on this guide.
The difference between coins and rounds is simple. Coins are legal tender, and they are produced by government mints, such as the US Mint and the Royal Canadian mint. Rounds are round, like coins, but they are manufactured by private mints, and they are not legal tender. Coins have a face value, such as $1 on the American Eagle and $5 on the Canadian Maple Leaf. Obviously, the face value has no connection to reality. Rounds do not have a face value.
Coins and rounds are usually produced in 1-ounce sizes, though you can also buy them in other weights, such as fractional or one-ounce multiples. Government mints around the world produce the coins and back their purity and weight. The year in which the coin was minted is stamped on the coin, as well as the coin’s purity. The purity ranges from .999 to .9999.
Most coins maintain the same designs for decades, except for Silver Chinese Pandas, which I believe get a new design annually on one side, the panda side. Rounds come in all kinds of designs, everything from cartoon characters to holiday themes. I’ve even seen silver rounds with pictures of Bigfoot on them.
Silver is a popular form of bullion that you can buy as coins, rounds and bars. Silver is more popular than gold because it has a lower cost of entry. If investing in silver interests you, I made two tables you can use to find the best silver prices:
Although I collect coins and bars, if you want to get the most silver for your money, I recommend silver bars. Silver bars are almost always cheaper than coins of the same weight. For example, at the time I’m writing this, a 1oz Silver American Eagle costs $17.80, whereas a 1 oz silver bar costs $17.14. That’s not a huge difference, but you save big when you buy larger volumes. Compare, for example, a 500 oz Silver American Eagle Monster Box for $9,120 versus 500 ounces in bar format for $8,040.
Gold is also a popular form of bullion that you can buy as coins, rounds and bars. Gold is slightly less popular than silver simply because gold costs more. The smallest unit of gold you can buy is 1 gram, which although affordable, costs more than the smallest unit of silver. In recent years, however, manufacturers have produced new fractional products that make gold more accessible and easy to use as money. Karatbar, for example, makes 1 gram bars encased in credit-card sized cases. I really like Karatbars because they conceptually portray gold as money, and idea which is no longer taught in school. Valcambi has a similar product called the “CombiBar.” Valcambi’s CombiBars are gold bullion bars that are stamped out in small pieces that you can break off, similar to a chocolate candy bar. In this way, you can make change when transacting in gold.
If investing in gold interests you, I made two tables you can use to find the best prices:
Similar to silver, if you want to get the most gold for your money, I recommend gold bars, rather coins. Bars and rounds are almost always cheaper than coins of the same weight. In fact, I don’t even own any gold coins because of this fact. I would like to add them to my stack in the future, but currently, it’s not in the budget.
Money Metals Exchange serves to guard a customers’ precious metal assets against financial disaster and dollar devaluation. The program is reputable as industry rating group Bullion named Money Metals “Dealer of the Year.”
75,000 customers and 500,000 readers make up the Money Metals website.
Stefan Gleason founded Money Metals Exchange in 2010. Gleason founded Money Metals in 2010 due to growing frustration over national advertisers that marked up coins 50-100% over their melt value.
Before creating Money Metals, Stefan Gleason was the president of a nationally distributed newsletter that aimed to help subscribers protect their investor rights, freedoms, and privacy. With the growing success of Money Metals, Stefan Gleason has appeared on networks such as CNBC’s, Fox, CNN, and C-SPAN.
Clint Seigner is a co-manager and leading editor of money metals.
Seigner’s efforts include the following:
Mike Gleason is the second co-manager. Focuses of Mike Gleason include the following:
Domestic shipping includes fixed prices with monthly plans. International shipping options are also available.
The following options are available as payment methods when working through Money Metals:
Yes! Money Metals does sell both Gold and Silver Eagles.
You can buy American Gold Eagles on Money Metals in the following weight classes:
Silver Eagles on Money Metals’ website are sold in units of one troy oz.
You can even buy proofed gold and silver coins on Money Metals. Proof coinage is rare, early samples of the coin type.
The Money Metals Exchange ‘Weekly Market Wrap’ Podcast is a podcast hosted by Money Metals co-manager Mike Gleason.
Each episode of the podcast is under 30 minutes, which allows listeners to get valuable precious metal investment info directly. ‘Weekly Market Wrap’ episodes contain guests that often offer their expertise regarding the precious metals industry.
The podcast is under Apple’s business podcast genre and has a favorable rating of four stars from users.
Be sure to listen weekly to get the most up-to-date information.
Starter kits through Money Metals take the hassle out of people’s first precious metal investment and are for beginners. Half the trouble of investing in gold and silver is simply getting started—and Money Metals understands that.
You can invest in both gold and silver with the Money Metals starter kit.
Since coins through the starter kit are privately minted, you save money with lower premiums that are above melt value.
Price transparency is an essential benefit of purchasing a Money Metals starter kit. Frequently, buyers of gold and silver are ripped off by dealer markup or independent hustlers.
Let’s say you’re looking to purchase a silver starter kit. Staff at Money Metals will sell you an assortment of coins in various sizes that will act as a foundation for your precious metals portfolio.
It’s essential to have different sizes of coins so you can sell the smaller set of coins during a potential financial crisis without losing the bulk of your investment.
If you’re looking for a well-rounded, substantial core investment to secure your future, look toward purchasing a Money Metals starter kit.
JM Bullion launched a year after Money Metals in 2011 to provide users with some of the following elements while investing in precious metals:
Both sites have relatively comparable catalogs that emphasize essential precious metals and focus on specific popular models such as Eagle coins or Krugerrands.
Bitcoin and standard credit cards are available payment options for buyers on each site.
While these sites are neck and neck in many ways, one difference is that Money Metals is utilizing the podcast media platform as a way to communicate precious metals news and information with investors.
Utilizing the podcast media platform is a great way to connect with more auditory listeners.
Not only can you sell bullion to Money Metals, but they also make the process as easy as possible for you. Investors who are looking to sell are usually looking to sell quickly and always at the highest price.
Money Metals sells at low premiums and buyback prices that are above most other competitors.
Don’t worry about whether you can sell the metal you purchased from Money Metals as they buyback any metal they sell.
Precious metals owners can also sell items to Money Metals that they bought from other retailers. All it takes is a simple phone call to lock your sales price.
Make sure to get specific information on the types of precious metal you are looking to sell before placing a phone call to Money Metals looking to sell.
To help students combat the rising costs of higher education, Money Metals teamed up with the Sound Money Defense League to introduce the first gold-backed scholarship in modern times.
Both groups set aside 100 ounces of physical gold that translates to scholarships for students adept in the areas of economic policy and monetary policy. The total amount awarded is $6,000, with $2000 being the highest amount awarded and $500 being the lowest amount.
To apply for the scholarship, you must be the following:
Students looking to apply just need to submit an essay and an application form.
One of the longest standing currencies to date, that’s withstood the test of time even in the face of rising, and falling nations is gold. It’s a highly precious metal and, for centuries, has been the lynchpin holding civilizations together in both war and peace.
Because of its inherent stability, dependability, and security, It’s no surprise that some of the smartest investors choose to invest in gold. As a precious metal commodity, investing in it is one of the best ways of increasing your real tangible assets.
However, it’s not just a commodity but also has the characteristics and behavior of monetary assets. Its inverse relationship with the dollar is the only common feature it has with other commodities from an investment standpoint.
That said, because it’s barely exposed to the fluctuation of business cycles, it’s less volatile to market conditions and is relatively stable in times of financial distress. This makes it a great investment vehicle for hedging your portfolio against changing market conditions.
Investing in gold and adding it to an IRA is one of the best ways of safeguarding your retirement while simultaneously increasing its value. Now, if you’re here, you’re probably wondering if JM Bullion is competent enough to handle your IRA account.
In this JM Bullion review, we’ll be putting the precious metal vendor under a microscope to help you decide whether you should invest in their bullions or have them be custodians of your gold-backed IRA account.
Without further ado, here’s our detailed JM Bullion review. But first,
JMBullion is a Dallas, Texas-based online retailer that specializes in selling precious metals and their products. As a precious metal dealer, JMBullion offers its investors a unique opportunity to purchase gold, silver, and other precious metals and have them shipped directly to their front door.
They primarily sell physical bullions, i.e., from coins to bullets to rounds to bars to coins to statues. Quality is at the heart of their service, and they maintain it by working directly with precious metals distributors and mints to ensure the products investors receive are of exceptional quality.
Having been founded in the fall of 2011 by Jonathan Wanchalk and Michael Wittmeyer, JMBullion has remained true to its mission, which is to help investors worldwide own physical bullions instead of owning precious metals on paper.
The company first opened its doors in Lancaster, PA, where it would remain for the first two years of its life. Michael and Jonathan started way back when the average weekly asking price for gold per Troy ounce was about $1,755.52, and that of silver was $37.24.
Fast-forward nine months later, and JMBollion hit its first $100,000 sales a day, a significant milestone in the life of the company, especially when you consider that it was a two-person job. With it’s first-anniversary just around the corner, Jonathan and Michael hired their first employee.
Now a little over a year old, with more than a few employees and sales going through the roof, JMBullion hit $ 1M in sales. Riding their wave of success, JMBullion made a critical decision to maintain their growth trajectory; they moved to Dallas, Texas.
The move was aimed at improving market penetration and help the company to access a much wider talent pool. And the move paid off, because two months later and the company had grown their customer base to over 100,000 customers.
With sales going through the roof, an exponentially growing customer base and workforce, JMBullion got its first monumental recognition. Having recently ventured into Dallas, the company acquired the number one rank in Dallas 100 in 2015.
Barely a year after its move to Dallas, Texas, JMBullion delivered its one-millionth order since its inception back in 2011. This was a testament to its continued growth, reach, and popularity.
Soon after, the company made it to the Inc. 500 and came in at number 40 as one of the fastest-growing private companies in the US, competing with big names like Microsoft, Oracle, etc.
JMBullion offers free shipping and shipping insurance on all orders over $99 and charges a base shipping fee of $3.99 on orders below $99. This allows customers to maximize the value of their orders, but they also provide shipping options on checkout.
However, it’s worth noting that JMBullion only ships to addresses in the US, and this includes shipping to P.O Boxes as well as military addresses. They also offer a variety of shipping carriers, but the two most popular ones are UPS and USPS.
They’re able to ship at a considerably low fee thanks to their base shipping carrier, but depending on the order, they allow customers to upgrade their shipping carrier during checkout. And because they know the value of discretion when shipping precious metals, they securely wrap your order in a protective package before placing it a shipping parcel with packing material to keep it safe.
They also allow customers to track their shipment from the moment you order to the moment your order arrives on your front door. They ship orders within a day of clearing payment and send you an email notification the moment your order is shipped.
As an online retailer for precious metals, the company provides a variety of payment options. They also have a transparent payment process that makes it extremely easy for customers to check out.
That said, they’ve laid out some conditions for each payment method to streamline the whole process. While they accept credit or debit cards, they need to have a minimum balance of $0 and a maximum balance of not less than $5,000 without discounts.
JMBullion supports the most popular online payment method, PayPal, albeit customers need to have a minimum balance of zero with a maximum of $10,000, and they don’t provide any discounts. To get a discount on your order, then we recommend using a Paper check, ACH, BankWire, or Bitcoin.
They offer 4% discounts on all orders paid through Paper Check, BankWire, and ACH. However, for Paper Check and ACH, customers need to have a minimum balance of $0 and a maximum balance of $50,000 and $10,000, respectively.
With Bank Wire transfers, JMBullion customers need to have a minimum account balance of $2,500 and a maximum of $250,000. To pay with Bitcoin, customers need to have a minimum balance of $0 and a maximum of $150,000, but they get to enjoy a 3% discount on all orders.
JMBullion has a variety of American Gold Eagle coins for sale at any one point. The iconic gold eagle coin featuring lady liberty created by Augustus Saint-Gaudens in 1907 and a limited reverse design is one of their most popular products.
It was designed to be an accurate depiction of the country’s growing economy and usher in the 20th century. JMBullions also sells American silver eagle, which is one of the country’s most popular choices for both collectors and investors.
APMEX has made a name for itself thanks to the unrivaled shopping experience it provides it’s customers throughout the U.S, the U.K, Canada as well as Europe. They’ve even gone the extra mile to show custom pages with customized prices to cater to customers from these regions.
Regardless of location, APMEX provides it’s customers with expert advice, news, and content regularly coupled with superior customer service, making it one of the best options to buy bullion for investors no matter where they are on the planet.
JMBullion, on the other hand, has made a name for itself as one of the precious metals vendors in the United States. Their bullions are competitively priced, and thanks to their weekly sales deals, customers get to make huge savings.
Once customers build rapport with the company after making a few purchases, they get one of the most natural checkout options online. Add in the free shipping for orders above $99, shipment tracking, and superior customer service; then, you get a genuinely unbeatable shopping experience.
SD Bullion, which is an acronym for Silver Doctors, is an online retailer of precious metals, was founded a year after JMBullion came into being i.e., 2012.
They’ve got a diverse range of highly valuable metals on their website that includes gold, platinum, and silver bullions, as well as a variety of bars and coins. The company came into being after the massive success of its parent company—SilverDoctors which was founded in 2011.
It was built to be an educational resource for collectors and investors, and after seeing a need for inexpensive top quality bullions, the founders—“Bull Run” and “The Doc” created SDBullion.
JMBullion is the brainchild of two entrepreneurs—Jonathan and Michael, who are deeply passionate about precious metals. While the retail of precious metals online is nothing new, they saw a gap in the market and decided to fulfill it.
By improving user experience, providing dedicated customer support, a variety of payment methods, as well as investor-friendly options such as AIP, i.e., Automatic Investment Program, JMBullion, have quickly set themselves apart as a premier precious metals retailer.
JMBullion makes it incredibly easy for investors and collectors alike to sell their silver and gold bullions. After being in the industry for nearly a decade, JMBullion has streamlined the entire process and shortened it to just three easy steps with some of the highest buyback rates on the market for almost all precious metals.
The first thing an investor needs to do is call their toll-free number, negotiate the price of their gold or silver bullions before finalizing the sale. Once you’ve locked in a price, the next is to ship your bullions to them using their mailing instructions.
After your product is received, they first inspect it and after approval, the funds are released to you either through wire transfer—takes between 1 to 3 days, ACH or Paper Check.
GoldSilver.com is a premier global precious metals (just gold and silver, hence the name) dealer. GoldSilver.com has been owned and operated by Mike Maloney and a strategic team of experts based in Southern California for more than a decade.
The online model is simple. GoldSilver.com primarily sells highly liquid (common) gold and silver bullion, coins, and jewelry. They pride themselves on making it as easy as possible to invest in precious metals. Purchase online through the website or feel free to call with questions.
GoldSilver.com offers a holistic precious metals program. They are happy to assist with getting your metals to you, to secure storage facilities, or safely into retirement products, like an IRA (where metals are allowed to appreciate tax-free). This turnkey approach and network of precious metals solutions beyond the initial purchase (like access to their vault storage in Delaware and Utah, list of retirement professionals, etc.) helps patrons to take advantage of low prices and make intelligent investment decisions.
GoldSilver.com was founded in 2005 by Mike Maloney, the former precious metals adviser to international finance guru Robert Kiyosaki (author of Rich Dad, Poor Dad). Through the site, Maloney encourages GoldSilver.com customers to benefit from his extensive experience via investing tools and information available on GoldSilver.com. In 2005, Maloney founded the site, wrote the Guide to Investing in Gold and Silver, which is the bestselling precious metals investment book of all time, and began conducting large investment seminars around the world.
GoldSilver.com offers free shipping (which includes handling and insurance) for precious metals orders to the United States of at least $499. Free shipping for purchases of $499 or more also includes shipping metals to secure storage facilities. For all purchases below $499, flat rate shipping within the United States is just $25, again inclusive of handling and insurance charges.
GoldSilver.com will also ship internationally. Note that international shipping charges are determined by the weight of the order and the destination.
Paying for your purchases at GoldSilver.com is simple and straightforward, and there are no stated minimums or maximums listed. You can pay with a credit or debit card and through PayPal. If you buy your metals with Bitcoin, you’ll receive a 3% discount. For Bitcoin transactions in excess of $1,000,000 equivalent, you’ll need to contact them directly rather than ordering online. You can earn a 4% discount when paying via Bank Wire or by personal check.
Yes, GoldSilver.com sells competitively priced Gold and Silver Eagles. These coveted pieces represent a portion of their limited, optimized catalog. To provide the best user experience, GoldSilver.com focuses on a concise offering of highly liquid pieces offered at competitive prices.
Both GoldSilver.com and JM Bullion are both well respected by online precious metals customers. JM Bullion provides a very straightforward, customer-focused online experience optimized for the casual investor looking for a great deal with a wide variety of products.
JM Bullion sells a myriad of gold, silver, platinum, copper, and palladium coins bars and coin and bar accessories from all over the world. GoldSilver.com’s selection is limited to just gold and silver and streamlined to a couple dozen of the most popular, liquid products. In addition to silver and gold bars and coins, GoldSilver.com sells a limited collection of pure, simple silver and gold jewelry. The product selection at GoldSilver.com is limited to the most popular and, therefore, liquid selection of high-end coins and bars from select mints.
JM Bullion offers a more user-friendly website geared to your average user, with a vibrant sale page and a simpler buyback program than GoldSilver.com. Goldsilver.com has the edge in investment support with market theories, predictions, and explanations, thanks to Maloney.
Finally, they offer similar payment offerings and discounts. JM Bullion has stated maximums for each payment type, which may result in multiple payments if necessary. Both companies ship to vault storage. JM Bullion only ships to the United States while GoldSilver.com ships worldwide.
SD Bullion offers gold, platinum, and silver bullion in addition to a variety of bars and coins. GoldSilver.com provides a limited selection of silver and gold in the most liquid offerings available. SD Bullion is geared towards small-scale retail investors who usually want to buy gold to keep on hand. GoldSilver.com targets the large-scale investor interested in a straightforward, no-frills approach.
SD Bullion offers free shipping for purchases as low as $99, whereas GoldSilver.com charges $25 to ship and insure all orders that are under $499. Additionally, GoldSilver.com highlights its storage vault network and guides its customers through the secured storage or alternative retirement investment strategies that they are highly compatible with. SD Bullion does not offer secure storage, so you must take delivery of your product.
Both offer competitive pricing and investor resources to guide precious metals investors. SD Bullion is an excellent option for individuals who are new to investing in metals. They provide a good variety, fair prices and have really low barriers to entry. Also, SD Bullion has great options like the AIP (Automatic Investment Program) designed to guide and encourage new investors as they get started.
APMEX (American Precious Metals Exchange) is the world’s largest online precious metals dealer servicing customers in the US, UK, Europe, and Canada. With a catalog of more than 20,000 different gold, silver, platinum and palladium bullion and coins (including some exclusive to APMEX that are older and harder to get) from around the world, they have an expansive array of items to tempt any collector. This collection is in stark contrast to GoldSilver’s simple website with a limited assortment of liquid products.
APMEX offers noteworthy volume discounts to maintain globally competitive pricing. Both APMEX and GoldSilver.com provide occasional sales. Like GoldSilver.com, APMEX offers a 3% discount for Bitcoin purchases. They do, however, limit cryptocurrency payments to $250,000 equivalent at one time in contrast to GoldSilver.com’s $1,000,000 online maximum.
It’s easy to sell to both APMEX and GoldSilver.com. The main drawback is that GoldSilver.com will only buyback what they stock, so you’re limited in what products you can sell to them. The minimum buyback to sell to APMEX is $1,000. GoldSilver.com doesn’t state a minimum buyback.
Like GoldSilver.com, APMEX offers a private storage facility for its customers. Shipping costs to APMEX storage facilities are affordable. For purchases above $500, there isn’t a shipping fee—and for orders under $500, the shipping fee is $9.95. GoldSilver.com’s shipping policy is similar.
Yes, you can sell bullion to GoldSilver.com, but there are a few restrictions.
The main limitation of their buyback program is that you can only sell back products that are in increments or multiples that they stock, and the products must be new. This restriction allows them to adhere to their small, user-friendly selection of quality products. International buybacks will be paid by wire transfer with a $25 fee. Domestic customers can receive buyback payments by check or e-check as well (for no additional charge).
Log in to your account or call to set up a buyback contract. Then you’ll receive instructions to send your product in for verification and approval. Once they certify the purchase, you’ll receive your proceeds from the sale within three days.
APMEX is the world’s largest online retailer of precious metals, based in Oklahoma City, Oklahoma, formerly known as Edmond Coins.
Owner Scott Thomas and CEO Kenneth Lewis have led the company since Scott founded APMEX in 1999. Since then, APMEX has successfully completed over $11 billion in transactions and currently offers more than 20,000 different Gold, Silver, Platinum and Palladium coins, bars, rounds, jewelry, and other collectibles from mints around the world.
APMEX buys and sells precious metal products, bullion, rare coins, and currency. Their customer base includes individual collectors and investors to wholesale dealers. Though based in the US, the online APMEX experience caters to audiences in Canada and throughout Europe.
APMEX also owns Citadel Global Depository services. Citadel, which is managed by Brinks Security, provides maximum-security precious metals storage for APMEX customers.
APMEX currently has over 28,000 positive reviews, averaging 4.8 stars, and has received an A+ rating from the Better Business Bureau.
Scott Thomas, who is an avid coin collector and worked as a mortgage underwriter, founded Edmond Coins in 1999, forming the American Precious Metals Exchange, later simply APMEX, in Edmond, Oklahoma.
In 2004, APMEX launched its first website. Five years later, they began shipping internationally. By 2009, APMEX reached its first $1 billion in sales. The following year, APMEX headquarters were moved into the building that formerly housed the Federal Reserve Bank of Oklahoma City.
In 2012, APMEX founded Citadel Global Depository Services, Inc. as a wholly-owned subsidiary. Citadel offers storage for APMEX clients that is managed by Brinks Security.
Over the years, APMEX has also launched several successful, exclusive partnerships with eBay (2013), PCGS (2020). In 2018, APMEX started its own line of Silver bullion called 9Fine Mint.
In 2011, APMEX famously paid the security deposit for commercial space in The Trump Building in Manhattan’s financial district to now-President Donald Trump entirely in gold bullion. At the time, many considered it a publicity stunt that highlighted the dollar’s weakness.
Domestic orders above $99 are shipped for free, orders below that threshold are assessed a $9.95 shipping and handling fee. Citadel orders under $500 are also assessed a $9.95 shipping fee. APMEX will ship products within 1-3 business days of receiving cleared payment.
Most shipments are via the USPS and are insured for the full amount. Ground shipping via UPS is available for $7.95 as long as you aren’t shipping to a P.O. Box. Shipments often require signatures, but you can make sure that yours will, by adding a $3.95 signature requirement. All expedited shipping methods require signature a signature upon delivery.
APMEX serves customers in the United States and routinely offers delivery to over 83 other countries including:
Australia, Austria, Belgium, Canada, Cayman Islands, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Macau, Malaysia, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, and the UAE.
International shipping rates are quoted at checkout and may be subject to additional duties or taxes upon receipt.
APMEX accepts most major payment options, including credit cards (this excludes prepaid cards, though), PayPal, bank wire, eCheck, personal check, Bitcoin, and Bitcoin Cash.
Like other gold and silver sellers, APMEX offers a 4% discount for preferred forms of payment, which includes wires, checks, Bitcoin, and Bitcoin Cash. The discount is already shown for each item as you view it on the website. APMEX doesn’t accept ACH transactions or money orders.
Per APMEX policy, checks and eChecks are held for four days before your order ships. Once your first check clears, you are eligible to pay by eCheck with APMEX in the future. Once you are an established customer, you can pay for orders up to $100,000 by check or eCheck.
APMEX only accepts same-day wires, so if you want to capitalize on the 4% savings, don’t opt for a two-or three-day option at the bank. Orders above $500,000 need to be verified and reviewed on a per order basis.
To pay using Bitcoin or Bcash, you’ll be given a BitPay invoice to be fulfilled within 15 minutes. APMEX accepts Bitcoin and Bitcoin Cash for orders up to $250,000. Orders in excess of that amount are reviewed individually.
APMEX allows for five days to receive payment. If your order is canceled or you must cancel your order, users are subjected to a $35 cancellation fee and any market loss if applicable. Market loss can be paid by credit card, personal check, or bank wire within 30 days.
APMEX and JMBullion both offer excellent online precious metals shopping experiences. While JMBullion deals exclusively with domestic sales and deliveries, APMEX provides an optimized experience for customers in the US, Canada, Europe, and the U.K. The APMEX website converts prices to accommodate additional supported currencies. Similarly, APMEX will ship to customers abroad.
While APMEX’s extensive rare coins collection and impressive catalog edge out JMBullion’s selection, JMBullion does occasionally offer lower prices, especially on their weekly sale items.
Shipping and insurance are free for both companies on domestic orders over $99. Below that, JM Bullion charges $3.99 to ship an order.
Both companies offer a 4% discount for preferred payment types, including bank wire and check. JMBullion provides a 3% discount for Bitcoin purchases and does not yet support Bitcoin Cash purchases. APMEX offers a higher 4% discount for both Bitcoin and Bitcoin Cash purchases.
JMBullion enforces smaller transaction limits on PayPal and check purchases and requires minimum balances on various payment types. Unlike APMEX, they accept ACH transactions as well. JMBullion insists on establishing a purchase rapport using paper checks over a few initial purchases before a client is eligible for eCheck payment options. APMEX can select the eCheck payment option after a single paper check transaction.
JM Bullion’s market loss policy simply requires they are made whole in a canceled transaction at current market prices. Unlike APMEX, they don’t charge any additional fees.
APMEX and SD Bullion offer a large selection of precious metals to customers in the U.S. and abroad; however, the APMEX site caters more to the international experience. For domestic purchases over $99, both companies will ship and insure your order. Smaller purchases are subject to $7.77 shipping from SD Bullion and $9.95 shipping from APMEX.
SD Bullion specializes in highly-valued bullion, offering a more limited selection at better prices than APMEX’s expansive offerings. Their range is limited primarily to Gold, Silver and Platinum coins, bars and rounds. They do not offer many rare, collectible coins as APMEX does. To ensure that they have the best prices on the items that they do sell, SD Bullion offers to price match any bullion merchant offering a lower price than they do.
Occasionally, SD Bullion will offer coupon codes and place items on sale. The Founders of SD Bullion, the Silver Doctors for whom the site is named, host complementary content on their website and YouTube channel. The APMEX site has lots of news and advice on theirs as well.
SD Bullion works with smaller purchase requirements than APMEX. Debit cards, credit cards, and PayPal can only be used on smaller purchases up to $5,000. Money orders and eChecks for purchases up to $9,999, and cashiers and personal checks for orders up to $20,000. Like APMEX, SD Bullion accepts Bitcoin up to $250,000 with 15 minutes to complete the request. For all cash orders above $20,000, bank wire is required.
At SD Bullion, all-cash purchases, including checks and wires, will earn you a 4% discount. Unlike at APMEX, using Bitcoin to pay at SD Bullion will not entitle you to a discount, and they do not accept Bitcoin Cash.
SD Bullion’s cancellation policy is also more punitive than APMEX’s. In addition to market loss, SD Bullion will assess a 3-5% cancellation fee along with any collection expenses.
SD Bullion also offers offshore Gold and Silver Bullion storage in the Cayman Islands. The international storage facility may appeal to some buyers as it is outside of U.S. Jurisdiction, unlike APMEX’s Citadel facility.
Yes. APMEX has purchased over $1 billion of products from the retail market over more than 100,000 transactions. Their buying process is quick and straightforward and backed by their long-standing reputation in the industry.
To begin selling your items to APMEX, request a quote online or via phone to lock in your price.
Then ship your product with APMEX logistics support (they have special rates in place with UPS and USPS to ensure that your precious metals arrive swiftly and are appropriately insured). APMEX will make sure to process your payment by the end of the next business day. If they don’t issue your payment within that timeline, they’ll give you a voucher towards your next purchase.
Unlike other sites with limited buying policies, APMEX will purchase any bullion, numismatics, and rare coins or currency as long as they can authenticate it.