Over the course of the past few years, there appears to have been an explosion in the number of bullion dealers advertising their services online. Finding a trustworthy dealer can be a bit of a challenge, regardless of whether you are an amateur or an expert in the field. Purchases of gold and silver should be made at this time.

But who exactly do you buy from? Investors in precious metals have, thankfully, never had access to as many opportunities as they do today. This article from Silver Monthly examines ten of the most prominent online dealers of bullion products and provides a ranking for each one, ranging from excellent to less than stellar.

Quick Guide To Selecting Reputable Bullion Dealers

• The longer a bullion dealer has been in business, the more credibility they have earned. Reputable bullion dealers have been in the trade for many years. A large number of reputable dealers, including Kitco and Monex, have been operating their businesses for at least thirty years.
• Consider the Real World A trustworthy silver bullion dealer will, in addition to maintaining an online presence, maintain a physical location for conducting business. Check the dealer’s website for a contact phone number and address that can be verified.
• Track Review Is Important – Reputable dealers have a long list of customers who are happy with their services. Always make sure to read the online reviews of a bullion dealer before doing business with them. Investigate whether or not they offer personalised service. When looking for a trustworthy silver bullion dealer, it is important to get recommendations from other people who have invested in silver.
• Think About Supporting the Local Economy – Your neighbourhood coin shop is likely to be a good option for purchasing bullion and coins. Make sure that when you conduct your analysis of the company, you follow the same guidelines as you would for an online dealer. When you buy something locally, you get physical possession of the silver at the time of the transaction. As a result, there is no danger of being taken advantage of by a non-delivery scam. Buying locally has a number of advantages, one of which is that there are no mandatory reporting requirements. If you walk into the store, pay with cash, and do not reveal your identity, you can maintain your anonymity.
• It Is Essential to Have Diversification – You want to reduce the risk associated with any investment you make by diversifying your holdings. When choosing a dealer in silver bullion, the same guiding principle should be applied. You are not required to conduct all of your commercial activity with a single company. Even if you do your research and investigate the dealer to the best of your abilities, there is still a chance that you will end up buying counterfeit silver bullion coins. This is the case even if you take all of the necessary precautions. You will significantly reduce your exposure to the possibility of incurring financial loss as a result of a poor transaction if you buy silver from a number of different retailers.

Top 10 Online Bullion Dealers

There is a good chance that you have at least one coin shop in your hometown, and if not, you certainly have access to a number of options within a reasonable distance to travel. Dealing with national retailers of gold and silver is typically your best bet because of their large size, which allows them to take advantage of economies of scale, which in turn results in lower prices.

1. APMEX

The American Precious Metals Exchange is known simply as APMEX. Despite the fact that the company does not guarantee to have the lowest prices available, its prices are competitive, and – in contrast to the majority of other dealers – APMEX does not surprise customers with additional charges of any kind. APMEX was selling 2012 Gold Eagles at a price of $1,787.59 as of March 5, 2012, which was $81.59, or 4.8% above spot price. You could get fifty one-ounce 2012 Silver Eagles for $18.33 each, which is $3.57 more than the spot price of silver. For orders ranging from $1,000 to $25,000, the shipping fee within the United States is $24.95.

One of the largest bullion dealers in the world is APMEX. Due to the high volume of transactions it processes, it can get away with making a small profit on each one while still racking up impressive totals. The benefits of APMEX’s economies of scale are passed on to the company’s clientele in the form of lower prices. In addition, it provides a simple method for customers to sell their gold and silver for cash. Following a conversation with a representative from APMEX, one of the customers we interviewed was even successful in arranging a trade in which silver was exchanged for gold. All he had to do was send the company the silver, and in return, he received an amount of gold that was equivalent, with the difference being paid in cash.

APMEX also provides services related to financial planning. The company asserts that it is committed to both preserving the wealth that its customers have painstakingly accumulated and helping customers amass additional wealth. The precious metals gold, silver, platinum, and palladium should each account for at least 10–20 percent of an individual’s total assets, according to the recommendations of APMEX. According to APMEX, this acts as a hedge against inflation and the uncertainty of the economic climate.

The service at APMEX is excellent. They are able to take orders around the clock, seven days a week, and are open twenty-four hours a day. All of the products that APMEX sells are subject to two-way markets, and the company is open for business from Monday through Friday, from 7:00 am to 5:00 pm (central standard time). The company maintains a strong reputation for dependability and is known for offering consistently competitive prices. In the past three years, APMEX has received fifty-one complaints from customers to the Better Business Bureau, which is not a particularly high number taking into account the size of the company and the number of transactions it has completed in that span of time. The large number of happy customers far outweighs the relatively few dissatisfied ones. In point of fact, APMEX maintains an A+ rating with the BBB.

APMEX carries an extraordinarily extensive range of products. It deals in precious metals such as gold, silver, platinum, and palladium. On its website, APMEX includes dedicated sections for things like gift ideas, clearance and specials, and IRA products. In addition to bullion, they offer for sale pre-1993 United States gold and silver coins, as well as jewellery, “elite” coins priced at $2,500 or more, and vintage bank notes. Its gold products include American Gold Eagle coins, gold bars, Canadian Gold Maple Leaf coins, Austrian Gold Philharmonic coins, South African Gold Krugerrand coins, Gold Buffalo coins, Chinese Gold Panda coins, Mexican Gold Peso coins, and a great deal of other varieties of gold. APMEX is your one-stop shop for virtually everything that you could ever want or need in the world.

2. Money Metals Exchange

Since the year 2010, Money Metals has made significant headway toward becoming one of the most successful online bullion dealers. During his time as president of a financial newsletter subscription company, Stefan Gleason laid the groundwork for the establishment of Money Metals. He is aware of the significance of maintaining a connection with clients through the use of content.

He holds the same view that we do here at Silver Monthly, which is that investors should purchase precious metals at a price that is close to or equal to the spot price of the metal. Such competitively low prices have been a major contributor to Money Metals Exchange’s rapid expansion.

The essentials and even more are available at Money Metals. Money Metals offers prices that are typically lower than those offered by competing bullion dealers and caters to investors who are looking for standard products such as American Silver Eagles or rounds. In addition to that, Money Metals provides its customers with a starter pack for investing. The purchase of this package grants you access to all of the essential coins in a single transaction, including 1.1 ounces of gold and 120 ounces of silver. The cost to an investor will be in the several thousand dollar range.

In addition to a comprehensive investor starter pack, Money Metals provides customers with the option of enrolling in a monthly savings plan. You can start saving from as little as $100 per month and select from the most widely used bullion products. You have the option of having bullion stored directly with Money Metals or having it shipped to you on a monthly basis directly from the company.

The fact that customers must spend more than $1,000 in order to qualify for free shipping is a significant drawback associated with Money Metals. Considering the current price of gold or silver, this is not a particularly high threshold; however, it is a significant sum for many novice investors.

3. Provident Metals

Provident Metals, LLC is the parent company, and ProvidentMetals.com is one of its subsidiaries. Customers of Provident’s trade-show business expressed a desire to have an online destination that was just as dependable as the company’s physical locations, which led to the establishment of the website.

The numismatists at Provident are current members of both the American Numismatic Association and the Texas Numismatic Association, and they hold their memberships in good standing. In addition to being a member of the Professional Coin Grading Service, the Numismatic Guaranty Corporation, the Numismatic Conservation Service, and the Paper Money Guaranty Corporation, Provident Precious Metals is also a member of the Numismatic Conservation Service.

Service that is prompt, polite, and comprehensive is guaranteed by Provident Metals. This is supported by the fact that Provident has an A- rating with the Better Business Bureau. This indicates that Provident has made a commitment to make a sincere effort to resolve any complaints that may be lodged by customers. Provident Metals was the subject of six customer complaints, all of which were resolved to the satisfaction of the complainants.

Provident Metals carries a very extensive inventory. In addition to the coins and rounds that you would normally anticipate, the Ron Paul 1/10-ounce gold round is a particularly noteworthy product that can be found on the Provident Metals website. These were selling for approximately $200 more than the spot price per ounce, which is equivalent to roughly $20 more than the spot price for each 1/10-ounce round. On the other hand, APMEX was selling 1/10-ounce gold Eagles for a price that was roughly equivalent to the previous one (actually, the coin cost approximately $0.30 more).

Other products include gold, silver, platinum, palladium, and copper rounds, the price of which is less than $1.30 for a single ounce. Other products include gold, silver, platinum, and palladium. Coins from the United States and other countries, as well as wholesale and individual retirement account (IRA) bullion products, can be purchased from Provident. For those of us who think the Hyperinflation Meltdown is more than an end-of-the-world fantasy, Provident also sells food and survival products.

4. JM Bullion

JM Bullion, a relatively new player in the bullion market, has already made a name for itself thanks to the speed, service, and sales it has accomplished in a relatively short amount of time. Despite its physical location in Lancaster, Pennsylvania, the online storefront continues to be the most impressive. JM Bullion provides one of the most streamlined shopping experiences and displays the essential silver bullion coins that are required by the vast majority of bullion investors. Although the selection was not as extensive as that of APMEX or Provident Metals, JM Bullion still carried enough for the investor in bullion.

JM Bullion provided customers with the option of purchasing Silver Eagles in one ounce, twenty ounce tubes, or the massive green monster box. The premium on Silver Eagles was approximately $3.30 over the spot price, making them less expensive than both APMEX and Provident Metals. Regarding silver rounds, JM Bullion carries a selection that falls somewhere in the middle of the pack. The most popular silver rounds are included, and the investor in bullion will have more than enough options to choose from among the other rounds. JM Bullion only carries a limited selection of silver coins overall, with the exception of silver eagles and silver rounds.

JM Bullion continues to maintain an average rating among customers. Customers give JM Bullion ratings that are close to average, despite the fact that the Better Business Bureau gives JM Bullion a high mark. Although the majority of customers rated JM Bullion highly for its competitive prices and excellent customer service, several customers mentioned that a few of their orders took significantly longer to ship than they had anticipated.

5. Westminster Mint

In addition to its locations in Minneapolis, Minnesota and Madison, Wisconsin, Westminster Mint conducts business on the internet through the website coin-rare.com. Although Westminster’s website is not particularly appealing to the eye, the company’s track record in the business world is undeniable; the Better Business Bureau has awarded it an A+ rating. In addition, the website rare-coin.com does not have a great design, but it does have a lot of content, including a pictorial breakdown of how the Westminster Mint manufactures its fine silver bars.

There are a few gold products available for purchase at the Westminster Mint, but the selection is not particularly extensive. There are random-year Krugerrands, Canadian Maple Leafs, Austrian Philharmonics, and Chinese Pandas, as well as American Gold Eagles from 2011 and Gold Buffaloes from 2011, in addition to a few gold bar products. However, its prices are a little bit higher than average: the company’s 2010 Gold Eagles were selling for $180 more than spot price. The selection of silver products offered by Westminster is significantly more extensive, with twenty-one coin products and sixty-two silver bullion options (including rounds). When compared to APMEX’s prices, Westminster’s appear to be more attractive given that the retailer offers 2012 Silver Maple Leafs at a $0.28 discount. Coin-Rare.com also features a copper section, in which customers can purchase copper rounds from the Westminster Mint for $1.50 each or in monster boxes containing 500 rounds for $750.

The depository service is another one of Westminster Mint’s offerings. Customers have the option to sign a storage agreement at Westminster that is both insured and secure; however, the company does not engage in the leasing of silver. The depository does not record any of the customer’s assets on its balance sheet because those assets are held in the name of the customer. There are a variety of tax benefits available as a result of the depository’s location in Delaware. Monthly fees begin at $50 but increase proportionally with the value of the account. Withdrawals from the depository will incur additional fees on top of those already incurred.

6. SD Bullion

SD Bullion, also known as Silver Doctors, is an e-commerce company that was established in 2012 by the Silver Doctors network. SD Bullion is a precious metals dealer (SilverDoctors.com). Their online store carries a comprehensive selection of gold, silver, and platinum bullion, which can be purchased in the form of a variety of coins and bars.

The parent company, SilverDoctors.com, was established in 2010 as a helpful resource for investors to stay current on current world events, precious metal markets, and other news. SilverDoctors.com was acquired by SilverDoctors.com in 2012. After finding great success with their first website, the people who would later become known as “The Doc” and “Bull Run” established Silver Doctors with the goal of informing as many people as possible about the significance of safeguarding their financial holdings. “The Doc” and “Bull Run” came to the conclusion that there was a significant demand in the market for a low-cost bullion dealer that was rated highly, and they made the decision to launch SD Bullion.

What was initially just a pastime for two successful doctors has now grown into a mission of much greater scope. Today, SD Bullion is recognised as one of the bullion dealers in the United States with the quickest expansion rate. In March of 2012, SD Bullion made its debut as a service for our readers with the intention of delivering the most affordable bullion that was then available.

Every transaction took place over the phone, and the company’s motto was “Nothing Fancy. Simply a Telephone, and at Reasonable Costs” A post-purchase survey found that purchasers were one hundred percent pleased with the bullion transactions they had completed. This is an extremely important finding. In the latter part of 2012, an online website purchasing option was implemented, and SD Bullion has since continued to increase its market share within the industry. As a result, we are now recognized As one of the most reputable and cost-effective online bullion establishments in the country.

7. Gold & Silver, Inc.

Mike Maloney, who specialises in gold and silver promotion, serves as the CEO of GoldSilver.com, which is operated by Gold & Silver, Inc. The Rich Dad Advisors’ Guide to Investing in Gold & Silver, which Maloney authored, is unquestionably one of the very best books one could ever hope to find on the topic of gold and silver investing and is probably the thing that brought him the most notoriety. Maloney is associated with the well-known investment guru Robert Kiyosaki and has been a supporter of Ron Paul in his efforts to advance his political career. But how does Gold-Silver compare to other bullion dealers in terms of their services?

Gold-Silver is a one-of-a-kind business because it places an emphasis on education above all else. The company offers free education and information on gold, silver, and the financial markets. Gold-Silver is not only an online bullion site, but also an investment company that invests in gold and silver along with its customers. Gold-Silver is not just a simple online bullion site. Additionally, the company provides services for IRAs as well as safe storage.

Gold-Silver offers 2012 American Gold Eagles for sale at a premium of $104 over spot price, which is approximately $16 more than APMEX’s offering. Gold-Silver also offers a variety of other gold products, such as fractional Gold Eagles, gold Buffalos, Maple Leafs, Krugerrands, Austrian Philharmonics, and bars in a variety of weights and sizes. Silver Eagles can be purchased in increments of twenty ounces, with prices that, as of March 11, were approximately $1.50 per ounce higher than those offered by APMEX. Gold-Silver is known for selling a variety of interesting products, including the Rich Dad silver round.

According to the Better Business Bureau, Gold-Silver maintains an A rating. It has only received five complaints in the past three years, and every single one of them has been resolved to the satisfaction of the customer. Because Gold-Silver has been in business for a relatively short amount of time in comparison to other companies, the BBB did not give it an A+ rating. However, according to the Better Business Bureau (BBB), Gold-Silver has relatively few customer complaints for a company of its size, has responded to customer complaints and resolved them satisfactorily, and has supplied the BBB with an adequate amount of background information.

8. com

Every type of investment has become more risky ever since the collapse of the housing market in the United States in 2008 and the far-reaching economic effects of that event. Consumers have a natural reluctance to part with their cash, but they are interested in testing out various investment strategies in the hope of transforming the money they’ve worked so hard to earn into something of significantly greater worth. This is where the tried-and-true strategy of investing in precious metals like silver and gold comes into play because it has stood the test of time. The value of precious metals remains stable over time, but their value is highly dependent on the state of the global financial markets.

People who have extra cash available may want to consider making investments in precious metals like gold and silver. BGASC.com, which stands for Buying Gold and Silver Coins, is one of the online markets that investors in gold and silver can turn to for their needs. Following is a review that we conducted on this website to assist our audience in making more informed choices regarding their investments.

The straightforward nature of this website’s layout was immediately appealing to us. Before beginning the process of selecting products, purchasers don’t need to spend a great deal of time browsing this gold and silver website in search of information. Customers who are interested in making purchases will like the fact that there is no set minimum amount required to place an order and that shipping costs are waived for any purchase that is $250 or more.

9. com

Don’t let the fact that Silver.com is one of the more recent entrants deter you from giving them a shot. Despite only having been around since 2014, the website has already established a strong reputation for itself and has grown to become one of the most popular choices available. The question that needs to be answered, however, is whether or not it is suitable for you.

In addition, Silver.com offers some of the most competitive prices on the market for shipping, and all packages are protected by an insurance policy. There is a $5.95 shipping fee for orders ranging from $0 to $299, a $8.95 shipping fee for orders from $300 to $999, and a $12.95 shipping fee for orders from $1,000 to $2,999.

Last but not least, shipping costs are waived for orders that total $3,000 or more. The bottom line regarding Silver.com is that despite the fact that it is a relative newcomer, it is an excellent option for numismatists, investors, and casual collectors alike.

10. Amagi Metals

It is to one’s advantage to be able to purchase the vast majority of the bullion required from a single vendor. Amagi Metals, just like many other dealers, provides free shipping on all bulk orders. To be eligible, the total amount of your order must be at least $5,000 in their case. In any case, reaching that threshold is relatively simple as a result of the vast selection offered by the dealer.

Who Is a Gold Dealer Online and What Do They Do?

The most reputable gold dealers operating online are those who sell a wide variety of gold products, including investment-grade bullion, coins, collectible gold pieces, and more. Customers are able to quickly compare prices offered by a number of different sellers and base their purchase decision on both price and the speed at which an item will be shipped. The most reputable dealers provide customers with the choice to either take delivery of the gold in its physical form or to store it in a secure vault. Customers also have the choice to sell their gold back to the dealer for a different amount.

Where Can I Buy Gold Via the Internet?

Buying gold online can be as simple as pointing and clicking, much like the purchase of many other products. The best dealers have websites that are well-organized and simple to navigate, making it easy to find products of interest and make comparisons between them (i.e., bullion by weight, coins, out-of-mint coins, etc.).

When you find a product that you are interested in purchasing, you can click on it to obtain additional information. You can put it in your shopping cart just like you would at any other online store. After that, you will be able to enter the quantity that you desire. You then have the option to continue shopping or proceed to the checkout counter.

When you begin the checkout process with the majority of dealers, the price that you see will remain unchanged for a limited time—typically between ten and fifteen minutes. You have a limited amount of time to complete your purchase at the current price before the offer expires; otherwise, the price may be increased or decreased to reflect the current state of the market.

Is It Possible to Store Gold at Home?

There is no problem with keeping your gold in your house (except in the case of Gold IRAs). The question that needs to be answered is whether or not you would want to. The safety of having your gold stored in a highly reputable depositary, such as Brinks Global Services, which has vault locations all over the country, is incomparable to any other form of protection.

Those who would rather keep their gold close to them will find that the best place to store it is in a secure safe that is kept in their own home. If you decide to keep your gold at home, you should make sure that any potential loss or damage is covered by the homeowner’s insurance policy you have. It’s possible that you’ll need to buy additional coverage.

Is It Risk-Free to Buy Gold Online?

As long as you know you’re dealing with a trustworthy business, purchasing gold online is just as risk-free as conducting any other kind of business transaction over the internet. The most trustworthy dealers will encrypt customer data with SSL and adhere to PCI standards. In addition to that, they insure each and every shipment for the total value of the goods being shipped.

Buying from a dishonest business that provides you with counterfeit goods, overpriced stock, or simply disappears with your cash is the most significant threat you face when making a purchase online. When making any kind of purchase online, you should always remember that you are the first and the last line of defense against con artists. It is imperative that you perform your due diligence on gold dealers by doing research on them online.

How to Determine Whether a Gold Dealer Is Trustworthy

When evaluating and contrasting different gold dealers, the most important factor to take into consideration is, without a doubt, the reputation of each business. Transaction history, which can be evaluated based on feedback from previous customers, is the single most accurate indicator of a company’s reputation. Companies that have a large number of reviews either have a longer track record, which indicates that they are more established, or they have built up their trust and reputation through a greater number of transactions, which indicates that they are more trustworthy.

When assessing the credibility of a dealer, you should look for the following in addition to other things:

• In general, the more reputable an online gold dealer is, the better it is for you to do business with them. There are a few dealers on our list who have been in operation for less than ten years; therefore, you should also look at their reputation online based on reviews written by previous customers.
• The actual headquarters of the company: Even if they don’t have any traditional stores, you still want to make sure that the gold dealer you’re dealing with online has a physical and tractable presence. Steer clear of any dealer who provides only a Post Office Box.
• Clear guidelines for product returns and buybacks Most retailers give customers at least three days to return an item for a refund or exchange. Investigate whether or not there is a restocking fee, as well as the amount that it costs. A buyback policy is something you can expect from reputable dealers. Investigate the criteria that must be met in order to sell your gold back to the dealer, as well as whether or not they list their buyback prices.
• Pricing that is clear and based on the most recent and accurate information It is essential that the dealer provide pricing that is clear and is based on the most recent and accurate information possible because gold prices change on a minute-to-minute basis. Confirming that an online gold dealer does not charge commissions or other additional fees is essential before finalising a purchase. The best online gold dealers do not charge commissions or other fees.
• It is essential that a dealer is willing to accept the mode of payment that is most convenient for you. Credit cards, checks, money orders, wire transfers, PayPal, and bitcoin are all accepted payment methods by most online gold dealers. Be aware, however, that most businesses assess an additional fee of between 3% and 4% for purchases made with credit cards.

Conclusion

Even though there are a lot of places online where you can get the best gold coins and the best silver coins, APMEX is the best place to go if you want to buy small quantities or large quantities of more standard gold and silver products. You won’t be disappointed. If you are interested in other specialized services, such as assistance with precious metals IRA products, then businesses such as Provident Metals might be the best option for you to consider.

However, we shouldn’t overlook the traditional coin dealer who operates out of a storefront. Even though their prices and morals may differ, it can be well worth your time to find a reputable and trustworthy dealer who you can meet in person and develop a working relationship with. When you shop offline, rather than online, you can save money on shipping costs, which can help offset the potentially higher prices on more affordable purchases. You will be able to sell your coins and rounds back at better prices if you have a good relationship with a local dealer. This could be because he will give you a better deal, but in any case, it is because you won’t have to pay the return shipping cost.

In all candor, a diversified approach is probably best when in the accumulation phase of your gold and silver products: buy some locally, get some from the big retailers like APMEX, shop smaller sites for specialty products, and use companies like GoldSilver.com for larger buys. Buying some gold and silver products locally, getting some from the big retailers like APMEX, shopping smaller sites for specialty products, and using companies like GoldSilver.com for larger buy In this way, you will ensure that no stone is left unturned. Best of luck!