American Gold Reserve LLC Review

Welcome to my American Gold Reserve LLC Review!

There are several companies and firms out there where you can start your precious metals investment journey. However, not all of them can be trusted.

Is American Gold Reserve LLC something that you can trust? Well, this review is about to show you everything you need to know.

Let’s get started.

American Gold Reserve LLC Review Quick Summary

What is American Gold Reserve LLC?

First and foremost, let us get to know American Gold Reserve LLC. Upon researching, I have found 3 companies with the same name. Let us get over each of them.

Let us first talk about this American Gold Reserve. Currently, I cannot find a website with the exact name and logo that you can see in the picture.

However, I have read several reviews about this company. It was a multi-level marketing (MLM) company that was owned by the Utah-based mint, the Old Glory Mint, in 2009. Its CEO was Reed Larsen.

It manufactured gold and silver bullion products. Due to its MLM scheme, the AGR encouraged people to enroll into their affiliate program to earn commissions.

There were two ways to become an AGR affiliate.

1. A client can purchase gold from AGR and obtain and affiliate ID. If they can refer other people to purchase gold from AGR, they earn commissions.
2. Refer two NEW customers to AGR, and if they purchase products, you can become an affiliate.

These affiliates can earn through their retail sales, bonuses and the 3×9 matrix model of AGR.

This AGR is not your typical dealer due to its MLM scheme. On paper, it seems like a good way to earn an income, however, in my experience, MLMs can be quite challenging, especially in this niche.

Currently, I can’t find the website of this American Gold Reserve. But don’t worry because I will keep an eye on this and will update you immediately.

The second one we have is the American Gold Reserve with the logo seen above, and with the link, https://www.americangoldreservellc.com.

When I visited the website, I found that there is not much information in it. The home page only shows a few lines that show why it is important to invest in gold.

Moreover, its “About Us” page is very short, only shows that it aims to protect its clients money. Moreover, it has a typo shown below.

As you can see, there is no space between “over” and 17. Although it is a small mistake, if a precious metals and financial company is reputable, they can easily spot these mistakes and correct them

Moreover, if you check other companies such as Goldco, their “About Us” page is not that mediocre. This is very vague and not well-thought.

Another thing I noticed about this website is that it does not have a “Products” page, nor does it discuss anything about its products, which is a bit suspicious.

Other than that, it has a “News” page, which shows the latest news update on the state of the market.

Lastly, it did reveal its contact number, as well as its address. It says that it is located in Houston, Texas, which is similar to the next company that we will be looking at.

Whether this is a scam or a legit website, if you are looking to invest in precious metals, it is likely that you can start from this website.

When it comes to your fortune and investment, it is always better to be safe than sorry.

The last one we have is the American Gold Reserve from this link, https://americangoldllc.com, with the logo above. First things first, this link is quite similar to the one before this.

So it is quite challenging to find out which one is legit or not. However, upon looking at this website, it looks better than the former. It has an “About Us” page, with a lengthy information, “Contact” page, and most importantly, the “Products” page.

However, unlike other companies, American Gold Reserve does not reveal the prices of each products. Clients need to give them a call to find out. This is probably for competitive reasons.

Upon researching, this American Gold Reserve LLC is based in 10333 Harwin Dr Suite 595, Houston, TX 77036. It is owned by Brandon J. McDaniel, Jounte A. McDaniel and Kimberly D. Poulard.

Based on these findings, the next information we have below, they will be about this American Gold Reserve LLC, not the ones that came before it.

 Name Confusion Warning: Multiple “American Gold Reserve” Companies

One of the first red flags I noticed while researching American Gold Reserve LLC is the name overlap problem. There are at least three different businesses operating under very similar names, some with different websites, ownership, and business models.

This creates immediate confusion for consumers trying to verify legitimacy, reviews, or complaints. In the precious metals industry, name clarity matters because investors are often wiring large sums of money and need to know exactly which legal entity they are dealing with.

From my experience reviewing gold dealers, companies with overlapping branding often struggle with reputation management, accountability, and consumer trust, especially when complaints surface online under similar names.

If a buyer has to work this hard just to confirm which company is real, that alone should slow the decision-making process.

Let’s move on.

American Gold Reserve LLC Products and Services

American Gold Reserve LLC claims to have over 30 years of experience in the precious metals industry. It handles both the U.S. government and foreign issue coins.

With this, it aims to lead its clients to a high profitable position in their precious metals investments.

The services that the firm provides is selling precious metals. The following are the available products:

• Pre-1933 American rare coins and bullion
• Modern American rare coins and bullion products
• Foreign coin and bullion products
• IRA rollover and start of gold and silver packages
• Roman Numeral Gold

Like I stated above, clients cannot find the exact pricing of these products from the website. They need to call the company and inquire through their number.

How to get started?

In order to avail the products and services of American Gold Reserve LLC, clients only need to contact them. Then a representative will assist them with whatever they need.

They can either call them through the phone, or fill out the contact form provided on the website. It looks like the one below.

Information regarding its payment methods and shipping is not disclosed on the website.

Sales Practices & Upselling Concerns (Based on Verified Customer Reviews)

After reviewing verified customer complaints and reviews, a consistent pattern emerges around aggressive sales tactics.

Multiple customers report being drawn in by advertised “spot price” gold offers, only to be redirected toward significantly more expensive coins during phone calls. In several cases, buyers stated they were encouraged to purchase higher-priced graded or collectible coins without clear explanations of metal content or resale value.

Upselling itself is not illegal, but when combined with confusing explanations, shifting offers, and pressure-based scripts, it becomes a concern, especially for first-time precious metals investors.

Experienced investors typically want transparent pricing, metal weight clarity, and minimal sales pressure, which is not consistently reflected in customer feedback here.

Ratings and Reviews

Here in Your Gold IRA Guide, checking the ratings and reviews of the companies and firms is very important.

It shows the real life experience of the clients with these companies and it is easier to find out whether they legit or not.

However, it is a challenge to find the ratings and reviews of American Gold Reserve LLC. One is that there are 3 companies with the same name. It is unclear which one is legit.

With that, I tried to match the companies based on their contact number and voilà! I found the company’s BBB profile.

Shipping Delays, Fulfillment Gaps, and Follow-Up Issues

Another recurring issue raised by customers involves delayed shipments and lack of follow-up communication.

Several buyers reported waiting longer than the promised delivery window, sometimes exceeding two to three weeks. In some cases, customers stated they had to repeatedly call the company for updates, only to receive vague responses or no callbacks at all.

While some orders were eventually fulfilled, reliability matters in precious metals investing. When physical gold or silver is paid for upfront, timely delivery and clear tracking communication are non-negotiable expectations.

Delays alone do not make a company a scam, but repeated fulfillment issues can erode confidence, particularly for investors making large purchases.

American Gold Reserve LLC has been in business for 6 years only, which makes it quite new to the industry. Moreover, it is not BBB accredited and only received 1.92 out of 5 rating based on 12 reviews.

Allegations of Bait-and-Switch & Gold Weight Confusion

One of the most serious allegations found in customer reviews involves confusion around coin size and gold content.

Multiple buyers claim they believed they were purchasing one-ounce gold coins, only to later discover they received quarter-ounce or tenth-ounce coins at prices that implied much higher gold weight. Several reviewers described this as bait-and-switch behavior.

To be clear, graded or collectible coins can carry higher premiums. However, those premiums must be clearly explained and understood upfront, especially when targeting less experienced investors.

Any misunderstanding involving gold weight, ounce size, or intrinsic value is a major concern in this industry.

Also, it received complaints in the last 3 years. These information shows that American Gold Reserve LLC is not a good candidate for the companies that you should be eyeing on when you invest in precious metals.

Why settle for this, when there are better rated companies with excellent reputation? Always be smart when investing, folks!

Internal Communication & Broken Promises

Another issue that stands out is inconsistency between sales representatives.

Some customers reported being promised services or follow-ups that later representatives denied existed. Others mentioned replacement items, refunds, or certification services that were repeatedly promised but never delivered.

This suggests a lack of internal coordination, training, or accountability, which is risky when dealing with high-value financial transactions.

Well-established precious metals firms typically operate with tight compliance standards, consistent messaging, and documented procedures to avoid exactly these problems.

Pros and Cons

Is American Gold Reserve LLC a scam?

To conclude this American Gold Reserve LLC Review, let’s find out whether it is a scam or not.

Although it is quite challenging to find out due to its low number of reviews and ratings. However, American Gold Reserve LLC has a legit website. It even disclosed its contact number, as well as its address.

Scam companies do not do that. Moreover, there are information regarding the people who run it. If it was a scam, we wouldn’t be able to find out who are its owners.

The fact that clients need to contact the company to find out the prices of the products is not uncommon. Other companies do this, for competitive reasons.

However, is American Gold Reserve LLC, a good place to start your investment? My honest opinion is no since it is fairly new, based on its BBB profile.

Moreover, it does not have enough ratings and reviews to support that it is a reputable company. Companies like Goldco, has a good record of excellent ratings and reviews and it should be one of the companies that you should try out.

Thank you so much for reading my American Gold Reserve LLC Review! If you have any comments or questions, feel free to leave them in the comments section below.