AmeriGold Review (Can You Rely On Them?) (Updated 2023)

Welcome to my AmeriGold Review.

(UPDATED FEBRUARY 2023)

Have you been searching for precious metals and found this company? Before you make purchases, you ought to read this AmeriGold Review to learn more about it.

What are its products? Is it legit or a scam? Find out the answers right here! Let's get started.

If you just want to save time and jump immediately to our best recommended precious metals company, click here!

AmeriGold Review Quick Summary

What is AmeriGold?

AmeriGold is a precious metals dealer based in Denver, Colorado. It was founded in 1998 by Greg McCoach.

The company aims to assist clients in diversifying a portion of their investments into hard assets such as physical precious metals. That is why it provides various gold and silver coins and bullions.

Moreover, AmeriGold claims to sell these products at lower prices compared to their competitor. They are able to do so due to the fact that their overhead costs are low.

Meaning, they don't spend much money on marketing their business. Instead, they grow the business through referrals, word of mouth and acquiring repeat customers.

They believe that this is possible by guaranteeing that they provide high-quality service and to keep the customer satisfaction high.

Apart from that, AmeriGold made sure to design its website to oversee the education of its clients, especially the first-timers. It has various materials and resources that can expand the knowledge of investors in the industry.

Also, Amerigold is a market maker of diverse government-issued bullion coins or bar fabricators. Furthermore, the company is a member of various organizations such as the Better Business Bureau and the Industry Council on Tangible Assets.

AmeriGold Owner Background

Greg McCoach founded the company in 1998 and serves as its CEO. He is a history student, as well as an entrepreneur for over 40 years already.

During the first 15 of the said years, Mr. Greg was a founding partner of a print and mail operation based in Denver, Colorado, named Precision Graphics, Inc. He was able to grow this company each year, for 15 years straight.

However, he sold it to a larger company in 1998. He wanted to venture out and explore other possibilities for his career. He studied history in which he found out the truth behind his success.

Moreover, he learned that precious metals and junior mining stocks were really low since nobody bothered to invest in them.

Because of that, he founded AmeriGold, a company that has been successfully providing good services and products since 1998.

A little fact about Greg is that he was one of the first analysts who predicted that gold would cost $1000 per ounce in 2007. This showcases his ability to understand and analyze the trends of the industry.

Below is a video of Mr. Greg talking about how 2023 is going to be the year of changes in the industry.

AmeriGold Products

AmeriGold is an authorized dealer of government-issued coins and bullions. There are 4 different precious metals being offered as of the moment:

• Gold
  • AMERICAN GOLD EAGLE 1 oz.
  • AMERICAN GOLD BUFFALO 1 oz.
  • CANADIAN GOLD MAPLE LEAF 1 oz.
  • AUSTRIAN GOLD PHILHARMONIC 1 oz.
  • PAMP GOLD BAR 1 oz.
  • ROYAL CANADIAN MINT BAR 1 oz.
  • JOHNSON MATTHEY KILO GOLD BAR
• Silver
  • SILVER ROUND GENERIC 1 oz.
  • AMERICAN SILVER EAGLE 1 oz.
  • CANADIAN SILVER MAPLE LEAF 1 oz.
  • AUSTRALIAN PHILHARMONIC 1 oz.
  • JOHNSON MATTHEY SILVER BARS 1 oz.
  • JOHNSON MATTHEY SILVER BARS 100 oz.
  • ENGELHARD SILVER BARS 10 oz.
  • GENERIC SILVER BARS 100 oz.
  • ENGELHARD SILVER BARS 100 oz.
  • 90% SILVER BAG PRE-1965 U.S. (quarters, dimes and halves) $1,000 FACE VALUE 712 oz. PER BAG
  • 40% SILVER BAG U.S. HALF DOLLARS ONLY $1,000 FACE VALUE 295 oz. PER BAG
• Platinum
  • AMERICAN PLATINUM EAGLE 1 oz.
  • CANADIAN PLATINUM MAPLE LEAF 1 oz.
  • JOHNSON MATTHEY PLATINUM BAR 1 oz.
  • PLATINUM BARS 1 oz.
• Palladium
  • PALLADIUM BAR 1 oz.
  • PALLADIUM BAR 10 oz.
  • CANADIAN PALLADIUM MAPLE LEAF 1 oz.

How to buy products from AmeriGold?

To purchase products from AmeriGold, you have to go through the steps below.

1. Call AmeriGold at (800) 574-0047 or 720 870-8021, and ask for the current quote of the products you wish to buy.
2. If you wish to continue with the purchase, you should tell the representative to "Lock In" your order and the company will cover it on the market. You will then receive an email confirmation of your order, as well as a trade number.
3. Send your payment to AmeriGold within 48 hours by one of these methods: Wire transfer or overnight a personal check. AmeriGold DOES NOT accept cash, cashier checks or money orders.

AmeriGold IRA

Apart from selling precious metal products, AmeriGold assists its clients in diversifying their investment portfolio by opening a self-directed IRA, more specifically, a precious metals IRA.

AmeriGold has several partner custodians who will take care of its clients' IRA accounts. This may depend on the country you are residing. However, the website did not reveal what custodians clients can choose from. You need to call AmeriGold first to find out.

Take note that if you want a self-directed IRA with AmeriGold, you must initially have an existing IRA, 401k or 457 account, annuity, TSP or other retirement plan.

This is because your precious metals IRA must be funded by these existing accounts. Then a rollover process will be done by the custodian you will choose.

How to open up an IRA with AmeriGold?

Step 1

Contact AmeriGold and notify them that you want to start your precious metals IRA. They will give you custodian options to choose from. Once you have chosen, forms will be sent to you via email.

After completing the forms, you should send them to the custodian. At this moment, the custodian will be the one to do the job for you. They will coordinate with your current IRA holder, and transfer your funds to your new self-directed IRA.

This process usually takes 2 weeks, without your involvement. The moment you will be contact with your new account number, this means that your self-directed IRA is already open.

By then, you can start funding it with precious metals or you can also fund it with new contributions or additional rollovers.

Step 2

Once your self-directed IRA is open and ready to be funded, you will talk with your IRA consultant in AmeriGold about the various precious metal options that you can buy from the company.

Each of these options can have different benefits on your investments. You should know which ones are eligible for your account.

Once you have chosen the products, AmeriGold will lock your order over the phone and will give you a trade number.

Below is the list of IRA-eligible products that you can purchase from AmeriGold.

Step 3

When you have chosen your products, AmeriGold will then lock them and send you a trade number. Afterwards, the company will send you the "Investment Direction Form" or you can download it from the website's "Forms Library Tab".

This form is basically instructs the custodian on what you want to happen with your account. Moreover, this is where you will list AmeriGold as the dealer of your products, as well as the products you have ordered.

Every time you buy products from the company, you must accomplish this form.

AmeriGold will sign this form and sends it to your custodian. Once your payment is received, all of the products will be sent to the custodian's depository under your name and account.

You will be notified every time the products are already safe and secure!

Selling to AmeriGold

Apart from buying products from AmeriGold, you also have the opportunity to sell your products to them! Below are the steps that you need to follow to do this.

How to sell to AmeriGold?

1. First you need to call AmeriGold and ask for their current quote or the selling price of the items you wish to sell. Take note that the quote does not include shipping fees going to AmeriGold. You have to cover for that.
2. Once you are satisfied with the selling price, you need to tell the representative that you want to "Lock In", and then you will receive a purchase order number.
3. Send your products to their depository, securely packaged, within 24 hours through registered and insured delivery. Also, it is important to include your name, address, phone and P.O. numbers on a piece of paper inside the package.
4. Once the products are received, the company will verify all of the information. The payment will be sent to you within 24 hours in three methods: bank wire, overnight payment, or standard mail.

AmeriGold Shipping

AmeriGold guarantees that all packages are shipped fully insured. If there are complications with your products during shipping such as loss or damage, they will be fully covered. So you don't have anything to worry about!

Products are shipped via U.S. Mail, UPS, or FedEx, depending on your location. Shipping usually takes around 2 to 5 business days.

AmeriGold FAQs

Does AmeriGold accept credit cards?

Unfortunately, no. AmeriGold only accepts overnight personal check and wire transfer.

Is there a minimum purchase value?

Yes, the minimum transaction for buying precious metals from AmeriGold is $5000.

Does AmeriGold offer storage services?

Currently, no. However, AmeriGold does have recommended depositories you can choose from.

If not, you can always store your products in your home.

Are my purchases reported to the IRS?

Rest assured that your purchases are not reported to the IRS. Moreover, AmeriGold is not required to report its sale transactions to the IRS.

Does AmeriGold ship internationally?

Currently, they don't. They only ship within the United States.

Is there a minimum selling value?

Yes, the minimum amount that AmeriGold must purchase from you is $5000 in just one order.

AmeriGold Ratings and Reviews

At the time of writing this AmeriGold Review, the company only has a profile in BBB.

It received an A+ rating and is BBB accredited since 1999. Moreover, its profile does not have any reviews or complaints.

AmeriGold does not have any profiles in other major review sites. This is a bit of a surprise since AmeriGold has been in the industry for a long time already.

AmeriGold Pros and Cons

Is AmeriGold a scam?

To conclude this AmeriGold Review, let's answer this question.

AmeriGold is not a scam. It is a legit and genuine precious metals dealer that has been servicing investors for a long time.

Moreover, its founder, Greg McCoach is a veteran in the industry. Although it received an A+ rating in BBB, it does not have any complaints and reviews in the site.

Furthermore, AmeriGold is not present in other review sites, which is a downside.

If you wish to know the best company with an impressive number of positive ratings and reviews, check out my top recommendation below.

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