Augusta Precious Metals Review & Ultimate Guide
Augusta Precious Metals is a family-owned gold and silver IRA provider that dedicates its services to help clients achieve long-term wealth diversification. It boasts nearly a decade of experience in the precious metals industry.
As a service-oriented company, it works directly with investors in ensuring a comfortable retirement. Augusta Precious Metals demonstrates its reliability and diligence as a precious metals IRA firm by holding memberships in professional associations. They’re known for high customer loyalty and repeat business. Besides, many clients commend them for offering a high level of experience and knowledge.
We’ve assessed the company from every angle and checked hundreds of customer reviews to give you a complete picture of what the company has to offer. In this comprehensive review & ultimate guide, we’ll look at how Augusta Precious Metals can help you meet your precious metals needs and more!
Our Augusta Precious Metals Rating
Overall Score | 4.7 |
|---|---|
Products | 4.6 |
Services | 4.7 |
Reputation | 5 |
Expertise | 5 |
Pricing | 4.6 |
Fees | 4.8 |
Overall, customers have a highly positive review about GoldCo investing. Their customer service is top notch not to mention the superb expertise of their team. You may find other companies with a wider range of products, but if you’re looking for gold and silver investing, GoldCo is a go-to.
Pros and Drawbacks of Investing with Augusta Precious Metals
Here’s a brief look at the pros and cons of investing with Augusta Precious Metals.
PROS:
Stellar Reputation:
The company has maintained a good reputation, a 5.0 Rating in TrustLink, an A+ rating from the Better Business Bureau, and has even received two Stevie Awards for Sales Distinction of the Year and Customer Service Success.
Offers Lifetime Customer Support:
You get lifetime access to Augusta gold and silver professionals. This includes continual assistance from your customer success agent, education department, IRA processing, and order desk.
Learning Opportunity:
It offers a free web conference on gold and silver IRAs. Harvard-educated analyst Devlyn Steele will walk you through everything and answer all of your questions. You can even sign-up for a one-on-one webinar if you want!
Straightforward Setup:
You get to have a dedicated agent that’ll help streamline the process of setting up your gold and silver IRA.
CONS:
Expensive Investment Minimum:
You must have at least $50,000 dollars for your new account. This is significantly higher than what most competitors offer - some offer as low as $10,000.
Not Much Variety:
Offers only gold and silver IRAs. There’s no option for palladium and platinum.
Our Rating: 4.5/5
★ First Gold IRA provider with in-house compliance department
★ TrustLink “best of” list
★ Voted “Most Trusted in U.S.” in IRA Gold Adviser
★ Stevie Awards for Customer Service Success
★ National Ethics Association member
About Augusta Precious Metals
Augusta Precious Metals is an IRA provider that offers quality gold and silver bullion and premium coins at competitive prices. They are based in Beverly Hills, California, and have been a leading precious metals dealer since 2012.
What sets Augusta Precious Metals apart from other dealers is its commitment to customer service. They focus on helping investors protect their assets and making their lives easier.
The firm aims to serve customers with total transparency, integrity, and simplicity. It seeks to achieve this goal by providing a personalized and straightforward purchasing process. The company’s experienced and dedicated professionals will work on the paperwork on your behalf.
APM Company Background, Management & Endorsements
With its long history of providing quality products and services to its clients, there’s no doubt that Augusta Precious Metals is a reliable source of information and advice when it comes to investing in precious metals. Here’s what you need to know about its management:
Chief Executive Officer: Isaac Nuriani
Augusta Precious Metals founder and CEO Isaac Nuriani is a member of the Industry Council for Tangible Assets (ICTA) and has more than 20 years of experience in helping retirees diversify their investments into gold and silver. He earned his degree in economics with honors from The University of Los Angeles.
Director of Education: Devlyn Steele
A member of the analytics program of Harvard University, Devlyn Steele is in charge of the education department. He is behind the webinars that Augusta agents present to their investors. He has extensive experience working as a financial analyst and has served on the board of several Silicon Valley and technology companies.
Chief Financial Officer: Howard Smith
Serving as a Chief Financial Officer of Augusta Precious Metals is Howard Smith. He is a Certified Public Accountant and a graduate of economics/finance. His vast experience from working with several banks and local/federal governments allows him to furnish a risk management approach in achieving the corporate financial goals of Augusta — to help customers overcome risks that threaten their retirement plans.
Compliance Administrator: Mary Obidinski
Independent Attorney Mary Obidinski ensures that the firm remains compliant with the rules and regulations involving the gold industry. Note, though, she is not a member of the management but only works as a consultant for the compliance team so that the company remains fair and transparent with its services.
Investing with Augusta Precious Metals
Setting up a precious metal IRA with Augusta is pretty straightforward and hassle-free.
Here’s what you need to do:
1
Open Your New IRA: You’ll need to attend a one-on-one call with the director of education, sign a legal transaction agreement, and pick an Augusta-preferred IRA custodian.
2
Fund Your Account: Put money into your IRA account by rolling over funds from your existing IRA.
3
Purchase Gold or Silver: After choosing from Augusta’s order desk, the firm will ship them to a secure storage facility.
Augusta Precious Metals Products & Services
Augusta Precious Metals offers a wide range of products and services to help investors and collectors buy, trade, and store precious metals. Some of the services and products provided include:
- Coins: Augusta Precious Metals offers a wide selection of coins minted in gold and coins. These coins can be great investments or collectibles.
Many of Augusta’s collectible coins are certified by independent grading companies such as the Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS). If you’re a coin collector, you’ll have lots of options with Augusta’s gold and silver premium coins. However, if you want to invest in platinum and palladium, this company may not work for you as they don’t offer these metals.
Another perk of investing with Augusta is its excellent buyback program. The firm offers competitive prices to any precious metals you sell back to them. If you’re new to investing with precious metals IRA, you can also benefit from their free webinars. There’s a wealth of information about the gold and silver IRA on their website. You’ll find more resources about their services and purchasing process on their FAQ page.
GoldCo Featured Products
IRA-Approved Gold Products
For IRAs, GoldCo offers gold bars of various weights and 13 different types of coin:
Gold American Eagle 1 oz BU (Random Year)
1. Common Gold Bullion
The American Eagle is one of the most traded gold coins in the US. You can purchase this in Augusta in 4 different weights. It’s also IRA compatible.
Features:
America The Beautiful 5oz Cumberland Gap
2. Common Silver Bullion
This 5 oz silver coin was minted from the United States Mint. It’s a quick seller with 5 new annual releases. The front side features the portrait of President George Washington based on John Flanagan’s 1932 portrait.
Features:
Australian Striped Marlin
3. Premium Gold
A product of Perth Mint, this coin is made from .25 Troy oz of gold. The coin features the Australian Striped Marlin on the back and the portrait of Queen Elizabeth II on the front.
Features:
2015 Canada 1.5oz Silver
4. Premium Silver
Third release of the Wildlife Series struck by the Royal Canadian Mint. This coin features a polar bear and a cub on the front, and a portrait of Queen Elizabeth on the back.
Features:
Gold American Eagle Proof
For IRA-listed coins, we’ll list our three popular picks. Here they are:
5. IRA Eligible Coins
The Gold American Eagle is one of the most well-known gold US coins. It features the bald eagle on the back and Lady Liberty on the front. It’s available in Augusta in several weights.
Features:
Gold American Buffalo 1oz BU
The United States Mint produces this coin. It’s based on sculpture James Earle Fraser’s 1913 Buffalo Nickel.
Features:
Canadian Silver Maple Leaf 1oz BU (Random Year)
Considered as the second most popular choice for silver IRA coins, the Canadian Silver Maple Leaf depicts an image of Queen Elizabeth II on the front and the Canadian maple leaf on the back.
Features:
Augusta Precious Metals Storage Options
Augusta Precious Metals partners with Brinks Global Services and the International Depositary services (IDS) to meet your precious metals storage needs. The firm houses your investments in secure, non-government storage facilities across the U.S. and Canada.
Once you’ve finalized your purchase, your precious metals will be shipped at your preferred facility within 7 to 10 days. You’ll have access to a storage facility in one of the following locations:
Los Angeles, California
Mississauga, Ontario, Canada
Springfield Gardens, New York
Las Vegas, Nevada
Salt Lake City, Utah
Nampa, Idaho
Bridgewater, Massachusetts
New Castle, Delaware
Wilmington, Delaware
Jackson, Ohio
South Fargo, North Dakota
Augusta offers 100% free shipping and full accountability if your metals get lost during shipping. You’ll get a full refund!
If your precious metals are purchased outside an IRA, the company will either ship them directly to your mailbox or in any other location you prefer. Note, though, that it isn’t advisable for you to store precious metals at home.
Augusta Precious Metals Costs
Several factors affect gold prices, so you’ll need to contact Augusta Precious Metals for more accurate information on investment costs. But, here’s what we’ve gathered so far:
Augusta Precious Metals Pricing Info | |
|---|---|
Minimum Purchase | $50,000+ in savings |
Set up Fee | $50 |
Annual Fees: | |
Administration | $75 ( for accounts up to $100,000) $125 (for accounts over $100,000) |
Custodian | $80 - $125 |
Storage | $100 |
Markup | 5% on bullion products |
Shipping | 100% free |
You’ll have to invest at least $5,000 to get started on your purchase. If you’re a qualified investor, you’ll have the advantage of getting your annual fees covered by the company for a lifetime.
Augusta Precious Metals Ratings
Customer Reporting Agency | Average Rating |
|---|---|
4.9/5 (based on 224 reviews) | |
4.97/5 (based on 102 reviews) | |
5/5 (based on 278 reviews) | |
5/5 (based on 86 reviews) | |
5/4 (based on 60 eviews) | |
4.8/5 (based on 76 reviews) | |
5/5 (based on 4 reviews) |
Augusta Precious Metals Reviews And Complaints
Most of the company’s feedback was positive. In fact, many clients applaud Augusta’s professionalism and efficiency in providing their services. Investors loved how knowledgeable and honest the staff were in answering all their questions.
We’ve searched high and low for any complaints about the firm, but we only found one issue that has already been settled. BBB has reported a resolved legal complaint in 2019 involving Augusta. The firm has been alleged of selling bullion products above statutory thresholds to Minnesota clients. A Consent Order was released, but it was not made clear whether the $3,000 penalty was settled or revoked. You should know, though, that the Minnesota State has been gutted for its over-regulation on precious metals purchase and sales.
Apart from this, we found nothing else but Augusta investors praising the company’s top-notch service. See how great the reviews are in the next section.
FAQS ON INVESTING WITH AUGUSTA PRECIOUS METALS
Augusta Precious Metals is a highly reputable company with years of experience in the precious metals market. They’ve maintained a stellar rating from the Better Business Bureau and Business Consumer Alliance.
Yes! Augusta Precious Metals offers a variety of bullion and premium gold and silver coins. You can buy them as collectibles or fund your IRA account.
The process is simple: just create your new IRA account, invest, and then purchase gold or silver from Augusta’s order desk.
Augusta Precious Metals accepts bank wires for any amount and checks for up to $100,000.
Depending on your location, delivery times will vary, but most orders arrive within 7-10 business days.
If you’re a first-time customer, you can cancel your transaction for up to seven calendar days after the date your transaction was confirmed, unless the laws in your state says otherwise.
You can contact Augusta Precious Metals by phone at 800-700-1008 if you’re a new client or through 855-909-0082 if you’re an existing client. Their online customer service team is also available during business hours, you may ask them through the website.
There are no limits to your maximum purchases, but Augusta does require a minimum order of $50,000 for cash and IRA purchases.
No. Since it is self-directed, there won’t be any need for you to pay for the management of your account. But, you may be charged with storage and custodial fees for your precious metals IRAs.
Augusta works with secure, independent, and fully insured storage facilities across the U.S. and Canada. You may choose one according to your preference and location.
They ship via USPS Express Mail, Federal Express, or Registered Insured. But, if you have large orders, shipment will be through Brinks Armored.
Gains from an asset sale are subject to capital gains taxes and should be reported to the IRS. But, if the sale involves assets inside of IRAs or other tax-advantaged accounts, it is generally not subject to capital gains taxes. However, withdrawals from such accounts do subject you to taxes. Remember to check with your personal tax professional before investing.
Augusta Precious Metals Review Summary
In this comprehensive review, we’ve outlined the company’s history, products and services, and prices. We also looked at some of the pros and cons of dealing with Augusta Precious Metals.
Overall, we believe they are a reputable company that offers excellent products and customer service. If you’re looking for a reliable source of precious metals, you may want to check with Augusta Precious Metals.
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