What Is CBMint? (Is This Another Scam?!) (Updated 2022)

March 4, 2022

What Is CBMint

Welcome to my "What Is CBMint?" review!

(UPDATED MARCH 2022)

Are you looking for a reliable precious metals dealer? If so, then I shall hopefully  help you through my reviews in this website.

In this one, we will be talking about CBMint. Is it legit or a scam? What is CBMint and its products? You shall learn everything you need to know about it after reading this whole review. Let's get started.

CBMint Review Quick Summary

Name: CBMint

Website: https://cbmint.com/

Owners: Timothy Flores, Joe Vesel, Bruce Castro, Byran Ramirez, Christopher Martinez

Price: Varies depending on your investment

Rating: 3/5

What Is CBMint

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What is CBMint

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.

CBMint Products and Services

Based on CBMint's website, they offer the following precious metals:

  • 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. However, the prices are not revealed. According to them, you should contact CBMint to discuss its prices and other matters.

How to order from CBMint?

You can purchase products by giving them a call at 1-866-300-0504 or you can do it through its website. It is very straightforward. You need to create an account and then you can begin shopping.

Moreover, CBMint has a minimum and maximum order amount which depend on your mode of payment.

  • 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.

CBMint Pricing

Like I said earlier, the prices of the products are not disclosed in the website. You need to contact CBMint 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 here.

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

Once you meet all of these, you can contact CBMint to commence your negotiation.

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.

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.

What Is CBMint positive reviews
What Is CBMint negative reviews
What Is CBMint customer complaint

Update: As of December 2020, they have ZERO reviews on Trustpilot

Pros and Cons

Pros

  • Offers a wide variety of products
  • Has an affiliate program
  • Free shipping to certain areas
  • Has several modes of payment
  • A+ BBB rating

Cons

  • Website does not provide all of the information you need
  • Prices are not disclosed on the website
  • Received alarming complaints and negative reviews
  • No IRA services

Is CBMint 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.

If you want to play it safe, you can always opt to choose the #1 recommended precious metals dealer, Augusta Precious Metals.

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!

Check out my other reviews here!

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