By now it should come as no surprise that the worldwide economy is in freefall. This has seemed to wake up quite a few people to the reality of not being able to trust a system that is largely based on nothing more than "smoke and mirrors". As a result, countless people are running for the exits out of the stock market and into safe havens like precious metals, particularly gold and silver.
Perhaps while on your search for a precious ematls company to work with, you ran across a company by the name of Americash Coins. But who are they really? Are they honest? Can they be trusted? Do they really care about their clients? How is their support?
Before beginning, the following needs to be said: you MUST do your own homework by performing your own due diligence before choosing to work with anyone, especially when it involves precious metals such as gold and silver. Scams abound. You need to be careful. Please do all necessary research before pulling the trigger to work with a particular precious metals firm.
With that said, let's take a dive in and see if Americash Coins is worth their salt, shall we?
Name: Americash Coins
Category: precious metals
According to their BBB listing, they have been in business for 29 years and have an A Plus rating. However, it appears they only have one review on BBB - and that particular reviewer gave them one star out of five. Not exactly the most reassuring point, is it?
In the spirit of full disclosure, here is a quote of the one star review left on BBB (it was written by someone who goes by the name "Ben D":
"I purchased a Rolex watch from this company in May of 2015. It wasn't as though it was a discounted item. I paid over $7600 for it. I took the watch into the Dallas Rolex Service center on December 18th 2019 to have it serviced only to find out the the watch had been reported STOLEN! I would have NEVER known the watch was stolen had I not taken it in for service! Rolex confiscated the watch immediately. I am getting a complete runaround from an employee named Bryan. I just simply want my money refunded. State Farm Insurance paid out the original owners claim, and now State Farm is making claim to the watch. THIS IS NOT A TRUSTWORTHY RETAILER! STEAR CLEAR at ALL COSTS! They are obviously selling STOLEN PROPERTY and are NOT willing to make it right with their customer." - Ben D.
If this review is actually true, it is a bit alarming. Obviously, one would like to believe that they did not know it was stolen, but did they not do their own due diligence before buying it? Even if that is true, it sounds like they gave "Ben" quite a hard time in getting things sorted out.
It would be great if there was another review left on BBB to compare to, but unfortunately that seems to be the only review left there.
- Bullion Bars
- Bullion Coins
- Numismatic coins
Here is a little blurb from their website:
"Our success is built on these two principles: One, pay the highest cash price; and two, treat every client with the utmost respect. Visit our showroom today and find out why private individuals, jewelers, coin dealers, and attorneys travel from the surrounding five states to sell us their valuables. Experience what customers from Naperville and Oak Park are talking about by visiting our showroom. We also have a store in Las Vegas, NV."
From the sounds of it, it does not seem the most clear whether or not you can buy from them if you are not located in one of the five or so states in the region. A "online order" page still remains to be seen.
Here are some "Pros and Cons"
- A plus rating from the BBB
- They have been in business for 28 years
- If that BBB review is accurate, it sounds like you might be in for quite the ride.
- There does not appear to be a way to browse their inventory unless you visit one of their physical locations
Is it a scam?
It would be pretty hard to say whether Americash Coins is a scam or not. The website seems credible but there does not seem to be a way to order online or view their inventory from the world wide web. That one star review on BBB does leave a bit of a question mark in the head though.
Americash Coins seems like a real company, but, as always, you should do your own due diligence before choosing anyone to work with.
Are there better options?
If you are looking to finally take the leap into precious metals or just are simply looking to re-up your current stack, Goldco might be a great choice for you. 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. They really are "no nonsense" type of people. Who doesn’t like that, right?
You can read a detailed review of them by hopping over to the following page: Goldco Review (updated for 2020)
No precious metals company is ever going to be 200% perfect. What company could be? Each and every one of them offer a unique way of doing things, but that is not necessarily a bad thing. The goal is to find someone that adheres to your own standards as well as your specific needs.
Feel free to give Americash Coins a whirl if you think they are a great fit for you. You should just know ALL the risks before beginning by reading every review that's left, especially on 3rd party review sites like BBB.com.
Hopefully this article was helpful. Please, if you decide to go with Americash Coins, please do 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 leave a comment in the comment section below. Other readers might have the answer you are looking for!
Please, if you think this article could be useful to someone, please send them a link to it by copying and pasting the link in the address bar in your internet browser and sending it to them in an email. 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 all the best on this journey called life.
Top Recommended Precious Metals Firm!
Goldco has received an astonishing amount of rewards and recognition. Not only that, they probably offer the greatest “Gold IRA” service out there- not to mention their storage options are some of the most sophisticated available.
If you're on the fence about who you should work with when it comes to precious metals, feel free to give them a ring and they can answer any questions you might have, all for free. They even have a nifty little “gold kit” they can ship to you completely free of charge (no strings attached), which you can request by hopping over here.