Nowadays, gold buyers are looking for something unique and new. That is why, hand poured bullions are becoming a thing. This ‘Prospectors Gold And Gems Review’ will help you in investigating this company.
Is it legit and not a scam? If so, what about this hand poured bullions of theirs? Moreover, how do they create these gold and silver bars? These are just the questions we will be seeking answers for.
Additionally, I will be looking at some reviews and ratings about their business. In addition, we will be investigating if selling to them is a good thing. As such, this good read will enlighten you about a plethora of things about this company.
Without further ado, let us start this ‘Prospectors Gold And Gems Review’!
Prospector Gold and Gems Review Quick Summary
What is Prospector Gold and Gems?
Since 1999, this Colorado-based firm has been manufacturing their own gold and silver bars. Interestingly, they claim to have the same level of authenticity and uniqueness to that of bars created from machines.
Furthermore, they are a direct refiner of the said precious metals. To add, they also create and distribute jewelries, coins, and other essential products. Rest assured, I will be mentioning which among these items are worth it.
Going back, they also have a two-way market. That is, they allow buying and selling of precious metals, provided that they meet certain standards. Consequently, the bullions that the company buy is refined into items with 99.9% purity.
As for their team and staff, they are more than competent and accommodating. As mentioned, you can personally forward your inquiries to them at their physical store. After all, a business would not stay afloat if not for this excellent customer service.
Also, they provide their customers and clients with educational resources. As an example, they have videos on the process they conduct to create their products. You can check them out at their YouTube channel.
That being said, is Prospectors Gold and Gems the best bullion dealer for you? Can this company cater the needs of those who wants to invest in gold and silver? For this, I suggest continuing to the next section.
Products and Services
Occasionally, they have stock for gold nuggets, coins, and items such as paydirt bags and gold vials. Unfortunately, they are yet to introduce other precious metals in their inventory such as palladium and platinum.
To add, they also do not offer IRA services. True to their words, they are strictly sticking to the minting and distributing business only.
To further elaborate, they have offerings for bullions with varying designs and weights. As an example, you may find bullions of different shapes, lines, and finishes. What’s more, they have a distinct brand of products.
Naming a few, here are some of their items:
- Don’t Tread On Me (Silver Bars)
- Silver Cob Rounds
- Prospector (Gold Bars)
- Skulls and Crossbones (Gold and Silver Bars)
As you can see, their list is relatively too small compared to other precious metals company. However, they compensate for this by selling these items at different weights. Weights ranging from 1 to 10 ounces are available on their website.
Conversely, there are a lot of websites that has a better inventory of products. For one, they also offer a lot when it comes to unique designs. Companies such as Augusta Precious Metals is one of them.
Now, we already have talked about what they can offer us. However, what about their method of buying from us? More on this is available on the succeeding sections.
How Does It Work?
Before proceeding, let me introduce you to how simple their method of transaction is. Normally, companies would ask you to create an account on their website. Others, however, are stricter and require you to call them.
But, Prospector Gold and Gems isn’t one to complicate things. First, you choose you items. Next, you proceed to the checkout section to validate your items. And then, you can proceed to paying for it.
Indeed, it is a fast way of transacting. Although, the payment option will be limited if you are shopping online. This is due to the fact that they are only accepting PayPal payments.
Now, what about selling to them? Well, they do accept a lot of golds. A list below shows what the company is willing to accept
- All karats of gold: 9k, 10k, 12k, 14k, 16k, 18k, 20k, 22k and 24k
- All colors of gold – red (rose), yellow, and white
- Placer and natural nugget gold Lumps of unknown gold/melted gold alloy, dental gold Broken jewelry in any condition.
- Gold coins
Accordingly, they do not accept any items that are gold-plated. Equally important, they have lower rates for scrap gold. Following standard procedures, the following steps are to be followed:
- Documentation and Shipping
- Examination and Recording
- Metal Verification
- Test and Assay
Prices and Fees
Of course, prices for items will vary depending on their characteristics. In our case, we are looking at these prices.
- 1 oz silver bar - $26.62
- 5 oz silver bar - $128.10
- 10 oz silver bar - $251.20
- Assorted silver bullions (55 oz. total weight) - $1,414.10
- 1 oz gold bar - $1,963.00
- 5 oz gold bar - $9,495.00
Customer Rating and Reviews
- Better Business Bureau – accredited since January 2012, A rating
- Birdeye – 4 out 5 rating based on 20 reviews
- Yelp – 4.5 out 5 rating based on 2 reviews
- Facebook – 4.8 out of 5 rating based on 27 reviews
As listed, Prospector Gold and Gems is somewhat lacking in the reviews and ratings department. As potential clients, it would be a delight if they have ratings from Business Consumer Alliance or Trustpilot.
Pros and Cons
- Offers of unique handmade gold
- Buyback program
- Accept a variety of metals
- Method of transaction is easy
- Inventory is not huge
- No IRA services
- No platinum and palladium
- Reviews are far and few in between
- No account creation option
- Coins and bullions are not verified for IRA usage
To conclude, this 'Prospector Gold and Gems Reviews' managed to investigate this company in a comprehensive manner. In the simplest of terms, it is a legitimate company and is not a scam.
Furthermore, it is a unique bullion dealer. How so? It is because of the availability of hand-made bullions. Frankly speaking, these items are hard to come by in the market.
Consequently, they also allow a two-way market in which they buy metals from you. It goes without saying, extensive research and examination of your metals are done.
However, there are some things that you need to know before proceeding to conduct business with them. That is, they have no IRA services and the items they have are not verified for IRA usage.
As such, it is essential to look for better alternatives to give you a better and easier time investing. Augusta Precious Metals, a top rated Gold IRA and precious metals firm, is ready to help you.
For any comments and suggestions, do leave them at the appropriate section below. As usual, these are appreciated and is useful to improve my articles. Once again, thank you for reading this 'Prospector Gold and Gems Reviews'.