American Coin Co. Reviews

Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.

American Coin Co. is a Washington-based gold IRA dealer that can help you set up a self-directed IRA and send IRS-approved precious metals to secure depositories located throughout the country, or to your home. You can also purchase precious metals through cash transactions.

The company focuses on providing educational information for investors on its website, including consultations, webinars and real-time market data. It’s also a supporter of the K9s for Warriors program.

Setting up a self-directed IRA with American Coin Co. lets you invest in gold, silver and other precious metals in a tax-advantaged way for retirement.

There are three steps to opening an IRA with American Coin Co.:

• Open an IRA: You can open an IRA by filling out a form online or calling customer service. If you qualify, American Coin Co. walks you through each step of setting up your self-directed retirement account.
• Fund the account: If you have an existing 401(k), IRA or another retirement account, you can roll over funds from those accounts into your new self-directed IRA. If a customer chooses the preferred custodian Accuplan, there are no custodial fees for the first one to 10 years of account management.
• Buy precious metals: You can select and purchase precious metals for your IRA once you review the options and decide what most closely matches your financial goals. American Coin Co. sends your gold or silver to one of four depositories, or you can have it shipped to your home. Either option offers free shipping and insurance.

American Coin Co. does require a minimum of $2,000 for cash-only investments and a $10,000 minimum for IRA investments.

Transaction time

Cash transactions may only take as little as 24 hours from the time you contact American Coin Co. to the time they ship the metals to you.

The timing of IRA or 401(k) transfers and rollovers largely depends on your financial institution, but the paperwork takes about 15 to 30 minutes for processing.

American Coin Co. offers the following precious metal products:

• Gold IRA: American Coin Co. offers gold, silver, platinum and palladium precious metals for its gold IRA.
• Cash transactions: You can also make cash purchases for gold, silver, platinum and palladium products.

There are no management fees with a self-directed American Coin Co. account. The company doesn’t charge custodial fees if you use its preferred custodian, Accuplan. American Coin Co. covers all application fees and startup costs, too.

The cost of the actual gold and silver you can buy varies based on current gold and silver spot prices and market rates for premium coins. However, American Coin Co. is transparent about its ask-to-bid differential on purchases, fees and transaction statuses.

Depository storage fees cost around $200 per year, but some clients qualify for no-fees-for-life with American Coin Co.

American Coin Co. may be a viable option if you’re interested in opening a gold IRA, and it offers free resources to help you make sense of the process.