If you’re a precious metals collector or considering investing in them to diversify your investment portfolio, there are many dealers in the country. With so many options to choose from, it can be challenging to select one that is right for you.
Boasting more than three decades of experience in the precious metals industry, Bold Precious Metals is an online dealer known for carrying rare and specialty gold bullion and coinage.
To help you decide whether the company is the best precious metals dealer for you, in this Bold Precious Metals review, we will go over everything you need to know about the business, product pricing, shipping options, insurance, payment options, and more.
Before you read this review:
We feel that rocky markets are ahead and that many of you are making financial decisions aimed at keeping your hard earned savings intact.
We also know the difficulty that goes into choosing a company you can put your trust in when buying precious metals. This is why we performed years of research to help investors make an informed decision.
The below link shows our findings on the most highly trusted and recommended investment companies to make your investing choices easier.
See if Bold Precious Metals made our list of top rated companies!
Protect Your Wealth & Get Huge Tax Savings!
What Will I Learn?
- Overview of Bold Precious Metals
- What Are Precious Metals IRAs?
- What Shipping Options Does Bold Precious Metals Provide?
- Does Bold Precious Metals Offer Shipping Insurance?
- Does Bold Precious Metals Provide Storage Service?
- Bold Precious Metals Pricing
- What Are the Payment Options Offered by Bold Precious Metals?
- Can You Sell Your Precious Metals to Bold Precious Metals?
- What Are Numismatic Coins?
- Is Bold Precious Metals a Scam?
- Conclusion: Should You Choose Bold Precious Metals?
- Frequently Asked Questions
Overview of Bold Precious Metals
Bold Precious Metals is a family-run business located in Austin, Texas, which started with an idea by an avid coin collector two generations ago. He passed down his passion for collecting precious metals and coins to his children, who took it as a hobby, which eventually turned into investments in these non-traditional assets.
Understanding the precarious nature of fiat currency, the family decided to turn their hobby into a thriving business. The company focuses on educating and assisting the public in choosing the right precious metal products for their investment portfolios.
Over the years, Bold Precious Metals has partnered with some of the top suppliers of precious metals in the country, allowing it to expand its offerings and provide highly competitive pricing.
The company is committed to ensuring that its customers understand the products they’re investing in and providing exceptional customer service.
What Are Precious Metals IRAs?
Previously, investors could only invest in gold and silver coins in the United States. However, after passing the biggest tax reform act in the history of the country, the Taxpayer Relief Act of 1997, individuals can now purchase many different kinds of precious metals through a precious metals IRA.
A precious metals IRA (like Legacy Precious Metals) is a self-directed individual retirement account (IRA) that allows the account holder to invest in a wide range of precious metals, including gold, silver, platinum, and palladium bullion, bars, and coins.
What makes this type of account different from a traditional IRA is that investors have the opportunity to purchase non-traditional assets as part of their retirement portfolio. It’s an excellent way for individuals to diversify their investments, reduce their risks, and achieve long-term growth.
However, it is important to note that you cannot buy any bullion or coin for your precious metals IRA. The Internal Revenue Service (IRS) has strict guidelines, including purity requirements, that the precious metals must meet to receive IRA approval.
Currently, Bold Precious Metals is a precious metal dealer and not an IRA provider. However, according to its website, the company is preparing to launch a service that would enable it to help individuals to set up their precious metals IRAs. This would allow investors easy access to buying and storing precious metals under one roof.
What Shipping Options Does Bold Precious Metals Provide?
Bold Precious Metals offer free shipping on all orders that are $199 or more. However, Welcome Packs and merch items do not count towards the total value of the orders eligible for free shipping.
The company charges a flat fee of $5.95 for orders less than $199. Customers can opt for expedited shipping, which costs an additional $5. Any order above $750 will require a signature from the receiver at no extra charge. However, if customers want to select the “Signature Required” option with orders lower than $750, they can choose that add-on at $2.95 extra.
Bold Precious Metals recommends choosing the “Signature Required” option for deliveries for all orders as it provides protection to the customers against theft or loss of packages. Under the USPS requirements, individuals over the age of 21 need to be available to sign for the shipment.
Does Bold Precious Metals Offer Shipping Insurance?
One of the major concerns of potential clients is whether the company offers insurance on all orders. Fortunately, Bold Precious Metals dispatches every package with full shipping insurance.
Although it is unlikely for the order to get lost or damaged during shipment, it can happen, and having shipping insurance is a great way to protect yourself against such anomalies. Under the company’s terms and conditions, it will replace the product damaged or lost during shipment with new items or process a full refund.
It is important to note that the company’s insurance policy only extends to products in transit, which means that once the carrier receives a signature for the package, the coverage ceases.
Does Bold Precious Metals Provide Storage Service?
Bold Precious Metals is a dealer and not an IRA provider, which means that the company does not offer storage services to its clients. Since they are in the process of setting up IRA services, they will have a secure storage facility in the future, allowing customers’ orders to be directly delivered to the depository without any additional charges.
Until then, the company recommends its customers open a secure depository account to store their precious metals.
Bold Precious Metals Pricing
Bold Precious Metals does not charge sales tax on numismatic or bullion products sold across the country. However, there is a sales tax on other products that only applies to orders shipped to Texas.
The pricing varies from one product to the other and depends on many different factors, including the type of precious metal, rarity, design, and origin of the item, among others.
To learn more about the pricing, it’s best to visit Bold Precious Metals’ website and browse its product catalog. It also has real-time and accurate spot prices of gold, silver, platinum, and palladium, which is great for helping investors make informed decisions.
Bold Precious Metals guarantee a competitive price for all its products. The company is able to do that by partnering up with some of the top precious metals suppliers in the country.
What Are the Payment Options Offered by Bold Precious Metals?
There are five different payment options during checkout, and these include the following:
Depending on the type of payment method you select, there is a holding period that can affect the estimated shipping date.
The holding period on credit cards and PayPal is one business day, while it can take up to five business days to receive an electronic or paper check and two business days for a wire transfer.
Can You Sell Your Precious Metals to Bold Precious Metals?
If you’re in need of cash, you may want to consider liquidating a portion of your precious metals portfolio. Fortunately, Bold Precious Metals may be able to help you out by purchasing them from you. You should reach out to the company by filling out the contact form on Bold Precious Metals’ website. It may take one business day or more to get back to you.
Bold Precious Metals guarantees a fair and honest quote if its interested in buying your precious metals. You also have the option to use the cash quote as store credit to buy a new item from the company store.
What Are Numismatic Coins?
Often considered collectibles, numismatic coins carry a certain appeal, historical significance, and rarity, which makes them valuable.
Unlike bullion products that are valued according to their metal content, the value of numismatic coins comes from their rarity, condition, and other characteristics of the item.
The mintage of the coins also plays a key role in determining the value of these coins. In most cases, they fetch a greater price than the spot price of the metal contents at the time of sale.
However, it is crucial to note that under IRS guidelines, numismatic coins are not eligible for purchase in precious metals IRAs. You can buy them without an IRA and have them delivered to your home for safekeeping.
Is Bold Precious Metals a Scam?
Bold Precious Metals is not a scam. It deals in physical precious metals and has an A+ accreditation from Better Business Bureau (BBB). However, on BBB, the company had eight complaints in the past year and has an average rating of 3.85 out of five stars.
On Trustpilot, a website that fights fake reviews, there are 11 Bold Precious Metals reviews left by customers, averaging a rating of 3.9 out of five stars.
If you go through the reviews, you’ll notice that there are customers who have mentioned how they contacted customer service for help after purchasing precious metals on their website but did not receive much assistance.
Although Bold Precious Metals is not a scam, it does follow shady business practices. Some are alleging that in order to save money, the company sent them two different orders in a single package despite the customers paying high delivery costs.
Besides a few negative reviews, there are some reviews left by customers that praise the company’s services and how it delivered the products in a timely manner.
Similar Company Review: Beverly Hills Precious Metals.
Conclusion: Should You Choose Bold Precious Metals?
If you’re looking to buy gold coins, gold bars, or any other precious metal, Bold Precious Metals has an extensive range of products available for sale. Besides the standard products in its inventory, it also has unique and rare coins.
However, most of the rare products are “out of stock” on the website. It makes us believe that it didn’t have these in stock and simply displayed them in the product catalog to attract people. It also does not have many coin evaluations from third-party organizations.
Potential clients look for a stellar reputation and positive ratings before deciding on whether a product or service is right for them. Bold Precious Metals does not have many ratings despite the fact that the website boasts about the three decades of experience it has in the industry.
Frequently Asked Questions
What Types of Bullion Does Bold Precious Metals Sell?
Bullion refers to precious metals that are often traded in bulk, and the types offered by Bold Precious Metals include gold, silver, platinum, and palladium.
The company sells gold bullion in the form of bars, rounds, and coins, with popular examples including the American Eagle, Canadian Maple Leaf, and Austrian Philharmonic.
Bold Precious Metals sells silver bullion in the form of bars, rounds, and coins, with popular examples including American Eagle, Canadian Maple Leaf, and British Royal Queen’s Beast.
It also sells platinum and palladium bars, rounds, and coins from the United States Mint, Royal Canadian, Mint, Perth Mint, and Austrian Mint.
It is important to note that the coins come at a higher premium for several reasons, including their collectible value, production costs, rarity, and brand recognition.
On the other hand, rounds and bars do not have a premium cost attached to them as they’re not as liquid as coins.
What Are Certified Coins?
These types of coins are those that are certified by third-party grading services, which are independent organizations that specialize in assessing the condition and authenticity of collectible coins.
Using a standardized grading scale, third-party grading services, such as the Numismatic Guaranty Company or the Professional Coin Grading Service, evaluate the condition of the coin before grading them.
The grading scale ranges from one to 70, with higher numbers suggesting that the coin is in good condition. These grading companies also check the coins for signs of counterfeiting or alteration.
After grading the coin, they are often encased in a tamper-evident holder that displays the coin’s grade, the name of the grading service, and a unique serial number.
What Is Junk Silver?
Junk silver is a term used to describe coins that have no numismatic value beyond their silver content. They were in circulation before 1965 and included dimes, quarters, and half dollars before the government decided to stop circulating junk silver.
Although these coins do not have a numismatic value, they’re still highly valuable due to their silver content and low premiums compared to the newly minted coins.
What Is a Gold Bullion?
Many refineries and mints around the world produce gold bullion, which refers to physical gold that is at least 99.5% pure. They can be in the form of bars or ingots and are an excellent investment as they can help investors hedge against inflation and diversify their portfolios.
Gold bullion carries an intrinsic value of the gold itself, which may fluctuate depending on supply and demand factors, economic conditions, and geopolitical events.
What Is the Best Precious Metal for Investment?
The best precious metal for investment depends on your personal preference, investment goals, and market conditions. Gold is the most common non-traditional asset investors look towards, silver is an affordable alternative, and platinum or palladium is rare and less commonly traded than the other two.
It’s best to discuss with an experienced financial consultant to determine which precious metal is best for you and can help you achieve your investment goals.
The top way to safeguard your retirement is to open a precious metals IRA. Check out the below providers and request a free kit.
Best Overall Rating (Where I Invested)
#2 American Hartford Gold
Best Buyback Program
#3 Augusta Precious Metals
Most Educational ($50,000 Minimum)
#4 Noble Gold
Best Metals Selection