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American Coin Co Reviews

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Ryan Paulson (CFA)

8.4/10 (Expert Score)
Product is rated as #3 in category Precious Metals
American Coin Co. stands out for its focused approach on precious metals IRAs and educational resources. Their customer-centric services, such as the no-fee structure for certain accounts and a secure buyback option, make them a strong contender for those interested in diversifying their retirement savings with precious metals. However, potential clients should consider the limited range of investment products and the need for direct interaction when making a decision.
Reputation and Experience
9
Fees and Costs
5.2
Customer Service
7.1
Selection of Offered Metals
8.8
Storage and Security
7.7
Buyback Policy
7.4
Educational Resources
9
Transparency
8.3
Accreditations and Licensing
6.6
Ease of Transaction
7.2
PROS:
  • Comprehensive IRA Services: American Coin Co. offers specialized services for setting up precious metals IRAs, providing guidance and assistance throughout the process. They facilitate the rollover of existing retirement accounts into gold and silver IRAs and offer free shipping and insurance for IRA metals​ (BP Trends)​​ (consumervoice)​.
  • Educational Resources: The company prioritizes investor education, providing extensive information through their website, including free guides and real-time precious metals price charts. This approach helps clients make informed decisions​ (howtoinvestgold)​​ (BP Trends)​.
  • No Management or Custodial Fees: For certain qualifying accounts, American Coin Co. offers zero management and custodial fees, which can significantly lower the cost of maintaining a precious metals IRA​ (americancoinco)​.
  • Buyback Program: They offer a transferable buyback program that allows customers to sell their metals back at market value, which adds a layer of security for the investment​.
CONS:
  • Limited Investment Options: The range of IRS-approved precious metals is somewhat limited, which might restrict investors looking for a wider variety of assets within their IRAs​.
  • Physical Presence Required for Transactions: Like many precious metals dealers, American Coin Co. requires investors to conduct significant interactions through phone or in-person, which might not suit everyone's preferences​​.
  • Pricing Transparency: The company does not list specific pricing details on their website, which means potential clients must contact them directly to get this information, potentially complicating the comparison shopping process​.

What is American Coin Co.?

American Coin Co., a gold IRA dealer based in Washington, provides a wide range of services to help you set up a self-directed IRA. They can facilitate the storage of IRS-approved precious metals in secure depositories nationwide or arrange for them to be delivered directly to your doorstep. In addition, the company offers the convenience of purchasing precious metals through cash transactions.

Committed to delivering valuable information to investors, American Coin Co. provides a range of educational resources on its website, such as consultations, webinars, and real-time market data. The company is also a strong advocate for the K9s for Warriors program.

With a focus on gold and silver IRAs, American Coin Co. has established itself as a reputable player in the precious metals investment sector. Their services are tailored to meet the needs of seasoned investors who are looking to diversify their portfolios. The company is dedicated to helping every American achieve a secure retirement and create a lasting legacy for their loved ones.

Who are the People Behind American Coin Co.?

Brett Bultje (Vice President):

Brett Bultje holds a crucial position in the organization as the Vice President of Sales at American Coin Co. He is highly regarded in the industry, and his impact goes beyond the typical responsibilities of the role. Brett hosts educational webinars every week, offering investors valuable insights. With extensive experience accumulated over a decade, his unwavering dedication is focused on assisting Americans in making wise investments in the field of gold and silver.

Brett’s standout qualities include his expertise, unwavering commitment to constant improvement, and strict adherence to high-quality standards. He has completed Six Sigma White Belt training, a demanding program that highlights his commitment to fostering a culture of compliance and excellence within the company.

American Coin Co. Products:

American Coin Co. offers a wide range of products, including bullion coins, bars, and rare coins.

The company offers a wide range of investment options.

  • Gold American Buffalo
  • Silver Red-Tailed Hawk
  • American Palladium Eagle
  • Red Lion Silver Coin
  • Silver American Eagle
  • Red Lion Gold Coin
  • Gold American Eagle
  • 90% Silver U.S. Coin or Junk Silver
  • Red-Tailed Hawk Silver Sovereign
  • American Eagle Platinum

Although the investment options are limited, it is important to highlight that American Coin Co. stands out in offering extensive IRA-related services. They provide professional advice through complementary investment consultations and provide in-depth information on how IRA investments work.

How to Open a Gold IRA with American Coin Co.:

Here are the general steps to invest in a precious metals IRA through American Coin Co.:

  • Contact the company and complete the application. Working with American Coin Co., you have the opportunity to work with one of their team members on choosing your custodian and handling all the required paperwork.
  • After you have completed the paperwork, you can start transferring your funds into your new IRA account. You can collaborate with a company representative to smoothly transfer or rollover funds into the new account.
  • Now, you’d need to choose the precious metals you want to add to your portfolio. There are various options available for your IRA investment, including gold, silver, platinum, or palladium. It is crucial to seek guidance from American Coin Co. regarding the fineness requirements and allowable coin types, as there are certain restrictions in place.

American Coin Co. Fees:

According to their website, ACC doesn’t charge any account management fee. Also, they don’t charge any custodial fees for up to 10 years on select accounts.

American Coin Co. stands out from the competition by offering a price protection policy that gives customers peace of mind in real-life situations. They efficiently provide customers with extra metals to counter sudden decreases in price. This service is only available for approved investment accounts, making American Coin Co. a great option for your precious metals investments.

If you would rather have your valuable metals delivered to your preferred address, American Coin Co. provides this service free of charge.

Furthermore, the company offers the option to securely store your precious metals IRA at an IRS-approved location, in addition to providing third-party depository services.

The price of gold and silver purchases can fluctuate depending on the current spot prices and market rates for premium coins. American Coin Co. ensures transparency by providing information on their ask-to-bid differential for purchases, fees, and transaction statuses.

Depository storage fees usually total approximately $200 per year. However, certain clients may be eligible for a no-fees-for-life agreement with American Coin Co.

American Coin Co. Reviews and Ratings on Other Platforms:

Better Business Bureau (BBB):

The company has received an A+ rating on the Better Business Bureau (BBB). This business is not accredited on this platform. No complaints or reviews were found. Based on BBB’s assessment, the company boasts over six decades of experience.

Consumer Affairs:

This company has received a perfect 5-star rating on Consumer Affairs, based on a single customer review. The review provided is favorable. The customer expressed their satisfaction with the services and products.

American Coin Co. Review: Conclusion

American Coin Co. boasts over six decades of experience in the precious metals industry. The firm has an impressive A+ rating on the Better Business Bureau. Despite lacking BBB accreditation, this business is still considered reliable. Unfortunately, the company is not listed on popular third-party platforms like BCA, Yelp, Trustpilot, Shopper Approved, Yellow Pages, Trustlink, Site Jabber, etc.

Specification: American Coin Co Reviews

Main
Awards

None

BBB Rating

BBB Accredited Business

Business Consumer Alliance

NAN

Gold Bullion

American Gold Eagle, Australian Perth Mint Gold Bars, Canadian Gold Maple Leaf, Chinese Gold Panda, Credit Suisse Gold Bars, Engelhard Gold Bars, Gold American Buffalo, Gold Australian Kangaroo, Gold Austrian Philharmonic, Gold British Britannia, Gold Mexican Libertad, Gold Somalian Elephant, Gold South African Krugerrand, Johnson Matthey Gold Bars, Royal Canadian Mint, Scottsdale Mint, Valcambi Suisse Gold Bars

IRAEmpire

3+

Storage Fees

Lower Than Standard

Trustpilot Rating

4+

Specification
Address

601 W 1st Ave Suite 1400 Spokane, WA 99201

Minimum Investment

Unavailable

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