In an era of financial unpredictability, investing in precious metals has become a popular choice among investors seeking a safe haven for their hard-earned wealth. APMEX, the American Precious Metals Exchange, has emerged as a reputable platform offering a wide range of products and services to cater to the diverse needs of investors. But is APMEX truly a reliable source for purchasing precious metals, or is it a risky gamble? Let’s find out through APMEX reviews.Throughout this in-depth analysis, we will explore APMEX’s product offerings, services and features, pricing and fees, customer service, security, and trustworthiness, along with examining its alternatives and competitors. By the end of this blog post, you will have a comprehensive understanding of whether APMEX is the right choice for your precious metals investment, based on APMEX reviews.
- APMEX is a highly respected leader in the precious metals industry offering an extensive range of products and services.
- Customers can benefit from features such as AutoInvest, Gold IRA options, loyalty program discounts, competitive fees & payment methods.
- Research multiple dealers to ensure best value when purchasing precious metals including APMEX and its competitors.
APMEX Overview: A Leader in Precious MetalsEstablished in 2000, the American Precious Metals Exchange (APMEX) has grown to become a renowned leader in the precious metals industry. With a strong dedication to exceptional customer service, the company offers an extensive range of products, including gold, silver, platinum, and palladium coins and bars from reputable mints. APMEX also provides services like the Gold IRA, which gives investors the opportunity to diversify their retirement savings with precious metals. While APMEX maintains an A+ rating from the Better Business Bureau, indicating their customer-centric approach, there have been some reports of customers experiencing difficulties reaching their customer care personnel online. Weighing the advantages and disadvantages of dealing with APMEX, along with considering risks related to purchasing precious metals through an exchange, is a necessary step.
APMEX Product OfferingsAPMEX offers a wide selection of precious metals products, including a variety of precious metals product options, catering to different investor preferences. With choices ranging from bullion to rare coins and paper currency, APMEX is committed to providing quality products that appeal to both investors and collectors alike. The next few paragraphs will detail APMEX’s product offerings, including their various bullion products, rare and collector coins, and paper currency. This will help in understanding the diverse range of investment opportunities APMEX offers.
Bullion ProductsAPMEX boasts an extensive selection of gold and silver bullion products, including:
- Gold coins and bars
- Silver coins and bars
- Platinum coins and bars
- Palladium coins and bars
Rare and Collector CoinsFor those who appreciate the artistry and historical significance of coins, APMEX offers a diverse range of rare and collectible coins. These coins are sourced through various channels, such as coin shops and private collectors, ensuring their authenticity and value. Some examples of rare and collectible coins offered by APMEX include the 1889-CC Morgan Dollar MS-63+ NGC, the 1911 Great Britain 12 Piece Proof Set Maundy Penny to 5 Sov PCGS, and the 1895-S Barber Half Dollar MS-67 NGC. The Morgan Silver Dollar series, in particular, is renowned for its global appeal and sought-after nature.
Paper CurrencyApart from precious metals, APMEX also offers paper currency options for those looking to diversify their investments. With a wide selection of currencies from various countries, APMEX caters to the needs of both investors and collectors alike. APMEX provides paper currency grading services in collaboration with organizations such as Paper Money Guaranty (PMG) and PCGS Banknotes, ensuring the authenticity and value of their offerings. The price range of paper currencies offered by APMEX varies depending on factors such as denomination, type, and rarity.
APMEX Services and FeaturesAlong with their diverse product offerings, APMEX provides several services and features to enhance the customer experience. These include:
- An AutoInvest program for automated, recurring purchases
- Gold IRA options for retirement savings diversification
- A loyalty program for frequent customers
AutoInvest ProgramAPMEX’s AutoInvest program simplifies the investment process by enabling customers to set up automated, recurring purchases of precious metals. This feature allows investors to build their gold or silver collection over time without the hassle of placing orders manually. With the AutoInvest program, investors can select individual products and establish a schedule for automatic investments. This service not only provides convenience but also allows customers to take advantage of competitive storage and insurance fees, making it an attractive option for precious metals investors.
Gold IRA OptionsAPMEX offers APMEX Gold IRA services through partnerships with custodians, allowing investors to diversify their retirement savings using precious metals. APMEX requires a $2,000 minimum purchase for setting up a Gold IRA. Investing with APMEX is quick and easy. Eligible precious metals for an IRA with APMEX include other precious metals such as:
- Gold with a purity of 99.5% or higher (excluding US Gold Eagle coins)
- Silver with a purity of 99.9% or higher
- Platinum with a purity of 99.95% or higher
- Palladium with a purity of 99.99% or higher.
APMEX Club Loyalty ProgramThe APMEX Club is a loyalty program that rewards customers based on their usage and purchase history with their apmex account. As a member, you can enjoy exclusive promotions, alerts on new products, and the ability to create market or product alerts through the precious metals reward card. To join the APMEX Club, simply apply for The Bullion Card on the APMEX website. Upon approval, you will become a member of the Elite Club and gain access to exclusive benefits such as expedited shipping, anniversary gifts, and discounted secure storage.
Pricing, Fees, and Payment MethodsAPMEX is committed to providing transparent pricing and fees for its customers. The company applies a premium, or markup, over the spot price for various precious metals, with the spot price representing the current market value of one ounce of metal. In addition to pricing, APMEX charges fees for services such as storage, shipping, and cancellation. However, they do offer a discount for cash, check, or ACH payment methods, with a 3% surcharge applied when using a credit card. To accommodate various customer preferences, APMEX accepts a wide range of payment methods, including:
- Bank wire transfers
- Cashier’s checks
- Personal checks
- Money orders
- Credit cards
- Certified checks