Bold Precious Metals Review

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Bold Precious Metals has been active in the industry for more than 3 decades. It is a reputed and popular online dealer of bullion.

However, you need to know more about them and this is why you should go through their policies and read their reviews to make an informed decision.

A wide range of precious metals is offered by the company for potential as well as existing investors at competitive prices. In addition to bullion, the company also offers collector coins, pre-1933 coins as well as precious metals IRAs.

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Background of Bold Precious Metals


bold homepage

It is a family-operated business and the family started this business because of their grandfather who happened to be an avid coin collector. The grandfather taught the family about the historical significance and beauty of these coins.

While the children pursued a wide range of careers in the field of technology, finance, and engineering but they also retained an interest in the coins.

It began as a hobby and then they started taking more interest in physical precious metals as an investment vehicle. The family started collecting coins for fun.

They also used their coin collections to teach their children about various cultures around the world and the history of the country.

Gaining this knowledge also allowed the family to know more about the precarious nature of currency systems based on fiat currency as well as the financial security and intrinsic value offered by gold and silver currency as well as other precious metals. 

As a business, the company is focused on educating the masses about the importance of investing in precious metals.

Over the years, the company has developed solid relationships with some of the top suppliers across the globe and this is why they can offer a huge selection of bars, rounds, modern coins as well as excellent quality graded coins from NGC and PCGS at competitive prices.

Their passion for this business is obvious as they never hard sell. 

They are more focused on having a properly informed group of customers who have a clear understanding of the products they are buying and are satisfied with every interaction they have with the company.

The company believes in selling only top-quality products and they do not have any qualms in buying back their products.

Precious Metals IRA


Precious metals IRAs were made possible by the biggest tax reform acts in US history through the Taxpayer Relief Act of 1997.

A self-directed special IRA allows investors to put money in a wide range of non-traditional assets including art, real estate, and precious metals which are not allowed in a traditional IRA.

cartoon of woman looking at taxes and a calculator

A precious metals IRA is a form of self-directed IRA that allows investors to put their money in specific precious metals. A self-directed investment account allows investors to invest in various precious metals including palladium, platinum, silver, and gold.

It is important to realize that you cannot buy any bullion bars and coins for investment in your IRA account. There are strict purity standards to be met.

As per the Internal Revenue Code guidelines, only certain types of coins and bullion are allowed to be included in a precious metals IRA.

These include Treasury Department issuing one quarter, one half, one, and 1/10 ounce US gold coins as well as 1 oz silver coins.

The company is planning to launch a service to help its customers set up their self-directed precious metals IRA. Their goal is to make it easy for their clients to buy and deposit physical bullion into their accounts. However, this service is not available yet.

Shipping Options from Bold Precious Metals


five gold coins one gold bar

The company offers free shipping on US domestic orders that are $200 or more in value. Keep in mind that the value of Merch items as well as Welcome Pack cannot be included to achieve the shipping minimum.

The shipping fee for orders that are below $200 is just $6. If you want expedited shipping, you will have to pay an extra $7 at checkout.

All orders above $760 in value are shipped with a signature required option, for free. For orders of less than $760 in value, customers may add signature confirmation for just $3.

The company recommends customers choose this option to protect their delivery against loss or theft. As per the USPS rules, someone above the age of 21 years will have to sign for the package.

Shipping Insurance


All the packages sold by the company are delivered with full shipping insurance. It does help with customer confidence.

In case a package is damaged in transit or lost, the customer has the option to get a complete refund equivalent to the purchase price or replacement items will be sent by the company at their discretion.

It is important to note that the insurance only covers the packages in transit and once the delivery is confirmed or a signature is obtained by the carrier, the coverage ceases to exist.

Storage Service


As of this writing, the company does not offer any kind of storage service. However, the company is planning to launch a service where customers will be allowed to have their depository account along with a secure & private depository.

Once the service launches, the buyers will get an option to have their products delivered directly to the depository account without any charges.

Pricing


No sales tax is charged by the company on the sale of numismatic or bullion products in any state. They do charge sales tax to customers in other product categories but that sales tax is only applicable to Texas residents.

As far as the pricing is concerned, it depends on the product. Similar products have different prices as some products are sold at a premium due to various factors such as the total mintage, demand for that product, design, or origin of the mint.

You will find prices of precious metals on their website including prices for platinum, silver, and gold. The prices displayed on the website are accurate and are based on spot prices.

When it comes to pricing comparison, the company is known for offering the best prices online and this is what makes them one of the best places for buying precious metals. In terms of payment options, you can pay them by bank cards, check, or PayPal.

Selling Precious Metals to Bold


If you are holding precious metals such as silver, platinum, or gold and want to liquidate a part of your portfolio, the company may be able to help you. Get in touch with them through their contact form and you should get a response within a business day.

If the company agrees to buy what the customers are offering to sell, the company promises to provide a fair and honest quote for the product.

The customers also have the option of using that cash quote given by the company as store credit to buy something new from the company store.

What is Gold Bullion?


Physical gold of the highest purity in the form of coins or bards is known as gold bullion. There was a time when gold was held in the form of legal tender gold coins. The gold coins were easier to trade or sell as compared to nuggets or bars made of gold.

However, over some time, some well-known refiners started selling gold bars to investors.

These days, you can buy gold bullion bars in various sizes ranging from 1 g to 1 kg as well as 1 ounce to 100 troy oz. When it comes to the retail investment market, the biggest size usually available is the gold kilobar.

When it comes to the institutional gold market, the standard size is the giant 400 troy ounce gold bar. If you take a look at the gold contracts available on the COMEX futures, the contracts usually have kilo bars, 400 ounce bars, or 100 ounce gold bars.

Numismatic Coins


These are not your regular coins as these are the coins that investors want for their collectability and rarity. The metal content purity and the overall metal content are not as important as the historical worth of these coins.

The mintage and condition of the coin also play a role in their overall value.  In most cases, these coins fetch a higher price as compared to the spot price of the metal at that time.

This is due to the reason that these coins are not being made which adds to their scarcity. Such coins are often sought by collectors who are in the market for specific mint marks or dates for their collections.

In simple terms, the value of these coins is not derived from the content of the precious metals inside but from the rarity and history of these coins.

It is important to note that numismatic coins are not allowed to be a part of the precious metals IRA which is not the case with particular bullion coins.

FAQs


What types of bullion are sold by Bold Precious Metals?

The company makes available for purchase bullion in the form of grounds, bars, and coins. Since coins are legal tender made by the government mints, these come at a higher premium.

Rounds do not have such a high premium as these are not considered currency and are made by private mints. Similarly, bars are also produced mainly by private mints which means they also have a lower premium.

What is meant by certified coins? 

Certified coins are those that have been authenticated and graded by the Numismatic Guarantee Corp. or the Professional Coin Grading Service. All such coins have a specific serial number for verification purposes and they are placed in plastic slabs.

Each of these coins has a grade ranging from 1 to 80 with 80 being the rate for a coin in perfect condition.

What is meant by junk silver? 

In simple terms, silver coins are labeled as junk where the only value is due to the content of silver in the coin, and no value is derived from their numismatic appeal or their condition.

Which is the best precious metal for investment? 

The company experts recommend investors distribute their precious metal investment across platinum, palladium, silver, and gold for diversity. A wide range of products is available at different price points to accommodate all kinds of budgets.

Is Bold Precious Metals a Scam?


No, they are a completely legitimate and reputed company or they would not be a part of our list. They have been active in this industry for several years and they have hundreds of satisfied customers.

Conclusion

This company offers a wide range of bullion products for sale. In addition to the standard products, they also have some unique products in their collection of precious metals.

However, they do not have many evaluations from third-party organizations. Also, they do not have many ratings.

Potential clients put a lot of value on the reputation of a company and this is a new company that does not have a long track record.

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