It should not come as a complete surprise that the current economic conditions are causing some to rethink how they should live their lives. In other words, they are wondering about what they should keep and what they should not keep. Perhaps you are one of those people. And perhaps you are thinking about liquidating some of your coin or bullion holdings to free up some liquidity. Maybe you have even heard of a company by the name of American Rarities and are wondering if they are worth their salt.
So who (or what) is American Rarities? Are they legit? How great is their support? Can they lend you a hand?
Let's dive in and take a gander, shall we?
Before jumping in, it needs to be said that you MUST do your own research and due diligence before choosing a company to work with, especially when it comes to liquidating your precious metals coins and/or bullion. Not every company is created equal. You are responsible for your own actions. Be careful.
Now with that said, let's dive on in!
Who is American Rarities?
Name: American Rarities
Category: Precious metals
And here is a blurb from their website:
"We regularly purchase US coins, foreign coins, paper money and bullion material from private coin collectors across the country. We buy rare coin collections of all types and sizes, and offer free appraisals on all collections our buyers examine for purchase.
Being professional coin dealers, our staff works hard to make the strongest offer possible on every coin collection we evaluate. Unlike other coin dealers, we do not “cherry pick” collections – our coin buyers are interested in the most common and mundane coins, as well as the rarest and most esoteric pieces."
How are their ratings?
According to their BBB page, they have an A Plus rating and have been in business for 25 years. They have 8 reviews on BBB and an average rating of 4 out of 5 stars.
Sounds okay enough, right?
However, according to their Yelp page, they have a one star rating (one out of five stars, that is). That said, they only have one review on there, so perhaps it should be taken with a tiny grain of salt. In the spirit of full disclosure, here is a quote of the one star review from Yelp:
"Complete ripoff. Stay far far away. I completed an online appraisal for some US Small Size Currency that I have collected over the years. Total face value of $1800. American Rarities comes back with an $1980 offer. Keep in mind that 90% of the bills are PMG or PCGS graded 55 or higher and a 1928 $10 Gold Certificate in my collection alone is worth $150-160 in a 25 very fine grade. Avoid!"
It was written by a reviewer who goes by name "Daniel F". It was written in 2019, so you could say it is a relatively recent review. Take that for what you will.
Here are some "Pros and Cons"
- A plus rating from the BBB
- They have been in business for 25 years
- Their website seems easy enough to navigate
- If that Yelp review is accurate, it sounds like you might be in for quite the ride...
- They do not appear to sell bullion or coins for that matter... at least to the public.
Is it a scam?
It does not seem like American Rarities is a scam. They might not give you the price you are looking for, but with that said, it is totally up to you to do your own research before deciding on who you should work with and what price offer you would be comfortable with accepting. You probably care more about "you" than anyone else does, so proceed with caution.
American Rarities seems like a real company, but as always, you need to do your own due diligence. This is the internet, after all.
Are there better options?
If you are looking to diversify or just re-up your precious metals stack, Goldco might be a great fit. Their “bread and butter” is gold and silver. They know how to “walk the talk and talk the talk” when it comes to precious metals and are no nonsense people. Who doesn't like that, right?
No precious metals company is ever going to be perfect. Each one can offer a different approach to things. One might be a better fit for you than another. They might do the same thing, just a little differently. It might just be a matter of which one fits you better. Everyone is different. There is no "one size fits all" answer for everyone. Each situation is different and should be treated as such. That said, Goldco seems to be a great choice if you are looking to get more precious metals. You can check out a detailed review of them by hopping over here: goldco review.
Hopefully you found this article helpful. Please, if you decide to go with American Rarities, please do other readers a favor and make sure to share your experience in the comment section below, as it could be of great help to others who are researching them.
Also, if you have any questions, feel free to toss them into the comment section below. Other readers might have the answer you are looking for- they can reply to your question!
If you think this article could be helpful to someone you know, please feel free to email them a link to it. You never know how much it might help them. This is a growing topic with more and more people interested in it every single day.
Wishing you the best on this journey we call life.