Are you wondering what is CBMint? In this article, we are going to review the company and whether it should be trusted or not.
Gold IRA (Individual Retirement Account) has gained popularity in recent years due to the benefits it provides for the investors such as portfolio diversification and an inflation hedge.
Due to its massive rise, a lot of Gold IRA scams has victimized unaware investors. To prevent that from happening to you, taking precautions such as company background checks are vital.
In this one, we will be talking about CBMint LLC. Is it legit or a scam? What is CBMint LLC and its products? You shall learn everything you need to know about it after reading this whole review. Let's get started.
CBMint LLC Review Quick Summary
Owners: Timothy Flores, Joe Vesel, Bruce Castro, Byran Ramirez, Christopher Martinez
Price: Varies depending on your investment
What is CBMint LLC?
CBMint is a Texas-based precious metals dealer that was founded by a group of bullion investors whose aim is to help investors by providing them the high-quality products and services.
The company takes pride in its deep understanding of the industry (precious metals). With that, CBMint offers a very wide variety of precious metals that you can avail from them. You shall find out in the next section.
The wide range of products include bullion bars, coins, rounds, and collectibles from various mints around the world. Customers can purchase these products directly from CBMint's website.
CBMint LLC also provide Gold storage and IRA (Individual Retirement Account) options for precious metals investments. This Gold IRA firm is a convenient platform for individuals to buy and sell precious metals for investment or collection purposes.
CBMint Management and Ownership
One important information that you need to know when choosing for a Gold IRA firm is their management and team.
As much as possible, you would want company transparency because you'll never know whether the people behind your investment firm has a clean record or not.
As per the case of CBMint LLC, their executive team nor the owners of the company is not publicily available. They do have an information that they are based on 5055 West Park Blvd, Suite 400.
It's best to consult or contact CBMint directly for the most accurate and up-to-date information on the ownership structure of the company.
CBMint Products and Services
Based on CBMint's website, they have various precious metals to offer. As of 2023, they have also started offering jewelries for both men and women. Here are the products that they show in their website:
- Gold (Gold Bars, Gold Coins, IRA-eligible Gold)
- Silver (Silver Bars, Silver Coins, Silver Rounds, Junk Silver, Silver Bullets and Mixed Silver, IRA-eligible Silver)
- Platinum (Platinum Bars, Platinum Coins, IRA-eligible Platinum)
- Other Metals (Palladium, IRA-eligible Palladium, Copper, Rhodium, Base Metals)
You can check out the whole product catalog in CBMint's website. The good feature in their website is that they actually put the prices of their precious metals so you don't have to contact them to know.
Additionally, they also have an investment guide intended for both experienced and beginning investors. You can contact them for more advice regarding the products.
How To Order from CBMint?
You can purchase products by giving them a call, you can do it through its website. It is very straightforward. You need to create an account and then you can begin shopping.
After creating an account, you can begin adding products to your cart and providing the necessary information, including your billing and shipping details, ensuring that all information is accurate and up to date.
Moreover, CBMint has a minimum and maximum order amount which depend on your mode of payment. They accept various payment options, including credit cards, bank transfers, or other electronic payment methods
- Credit/Debit Card - Minimum of $100 and maximum of $5,000
- Paper Check - Can order up to $50,000
- Bank Wire - Minimum of $1000 and maximum of $150,000
If you wish to order larger amounts of precious metals, you can do it by calling them. Plus, a valid credit card number must be provided when you checkout, even if you are paying through check or bank wire. Afterwards, you will receive your confirmation number through email.
Should you choose to cancel your orders, you will be required to pay the $40 cancellation fee and the market loss fees. These will be charged in the credit/debit card that you have provided.
Modes of Payment Accepted
- Credit/Debit Card (Discover, VISA, Mastercard, American Express)
- Paper Check (Cashier's Check, Personal Check, Certified Check)
Furthermore, orders paid by credit/debit card can only be shipped to the billing address given by the client. Paper Checks should be addressed to CBMint LLC and must be mailed within 2-3 business days after placing the order.
Like I said earlier, the prices of the products are disclosed in the website. You just need to contact scroll through the CBMint website to find out. As for other fees, CBMint does not charge its clients with hidden fees, commission charges or service charges.
Also, CBMint offers free shipping and Insurance for orders that are addressed in residential addresses in the lower 48 United States. As for the other locations, you can check out the shipping and insurance fees:
- Orders less than $100: $5.95 – (Including Delivery Confirmation and Insurance)
- Orders $100 – $2,499: $9.95 – (Including Delivery Confirmation and Insurance)
- Orders $2,500 – $4,999: $40 – (Including Signature Confirmation and Insurance)
- Orders $4,999 – $9,999: $80 – (Including Signature Confirmation and Insurance)
- Orders $10,000 – $14,999: $100 — (Including Signature Confirmation and Insurance)
- Orders $15,000+ : $160 – (Including Signature Confirmation and Insurance)
Selling to CBMint
Apart from buying products from CBMint, you can also sell your bullion to the company. However, there are requirements that you should meet first. Here they are.
- Must be a CBMint registered customer for at least 1 month with a valid telephone number
- You should be selling name-brand bullion products that are listed on the CBMint website
- Made at least 10 transactions in CBMint or have lifetime purchases in CBMint worth more than $3500
- Your products must pass the CBMint independent inspection
CBMint may ask for details about the bullion products you wish to sell, such as the type of bullion (coins, bars), weight, purity, and condition. Be prepared to provide accurate information to receive an accurate quote.
They will then most likely offer you a quote for your bullion, and it is with your decision to accept it or not. Once you meet all of these, you can contact CBMint to commence your shipping, delivery, and receiving the payment.
Ratings and Reviews
CBMint takes price in receiving an A+ BBB rating. Moreover, it has been accredited since 2015. But, CBMint only received 3 stars out of 5 in BBB.
Trustpilot: CBMint had limited reviews on Trustpilot, with a mixed rating. Some customers reported positive experiences, while others expressed concerns about shipping delays or customer service.
I am pretty sure that the customer complaints played a role in this. You can check out the complaints below, as well as the positive reviews.
Pros and Cons
Is CBMint LLC a Scam? - Final Verdict
Let's conclude this CBMint Review with my final verdict. Is CBMint a scam? Of course not. It has been in business for years already and it does provide legit products and services. So it is safe to say that CBMint is legit.
However, the better question is, is it the best one for you? Well, it does have great products. But it does not provide any IRA services. Also, it received negative reviews and complaints that should come as warnings to you.
Thank you so much for reading my "What Is CBMint?" review! If you have any comments or questions, feel free to leave them below in the comments section!