When it comes to procuring precious metals through virtual channels, discerning enthusiasts often find themselves at a crossroads, seeking the most advantageous blend of price, selection, and shipping efficiency. Check how to buy gold in USA
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4 major dealers for 2024.
Our Selections for the Leading Online Gold Dealers in 2024
- APMEX: Superior Product Range
- JM Bullion: Exemplary Transparency Standards
- Costco: Notable Unbeatable Lowest-Price Guarantee
- SDBullion: Exceptional Investor Education
With a commendable track record of over two decades in the industry, APMEX holds an A rating from the Better Business Bureau (BBB) and maintains a clean record with the Consumer Financial Protection Bureau (CFPB), solidifying its reputation as one of the most reliable online gold dealers in the market. The company’s inventory encompasses an impressive array of precious metals, ranging from silver and platinum bars to even medieval and ancient coins. Moreover, APMEX facilitates investments in self-directed IRAs with eligible products. Notably, the company ensures secure storage of precious metals through Citadel, backed by the trusted Brink’s Global Services.
American Precious Metals Exchange (APMEX)
American Precious Metals Exchange (APMEX) stands out for its extensive range of investment options in precious metals, spanning rare coins, collectibles, and IRA-eligible products. Boasting a staggering inventory of over 30,000 items and a customer base exceeding 1.7 million, APMEX offers a comprehensive selection to cater to diverse investor needs.
APMEX offers a 4% discount on payments made through paper checks, eChecks, bank wire, or trade transactions. However, using payment methods like credit cards, PayPal, or Bitcoin may entail higher costs. Furthermore, the company extends free shipping on orders surpassing $199, enhancing the overall value for customers.
| Pros | Cons |
|---|---|
| ✔️Extensive product range for investors & collectors | ❌ Cancellation fee of $50 or 5% (whichever is greater) |
| ✔️Free shipping for domestic orders over $199 | ❌ Potential higher prices for specific payment methods |
| ✔️Secure storage options provided by Citadel | |
| ✔️Assured shipping within one business day |
Costco’s
Costco’s Gold Bar Selection Presently, Costco provides access to two variants of 1-ounce gold bars for purchase:
- 1-Ounce Gold PAMP Suisse Lady Fortuna Veriscan Bar: Priced at approximately $1,980.
- 1-Ounce Gold Bar from South Africa’s Rand Refinery: Available at around $1,950.
These offerings have earned remarkable average ratings of 4.9 stars on Costco’s platform, indicative of their superior quality and strong appeal to buyers.
These offerings have earned remarkable average ratings of 4.9 stars on Costco’s platform, indicative of their superior quality and strong appeal to buyers.
However, it’s worth noting that due to high demand, Costco has imposed a limit of two gold bars per member. Acquiring these coveted gold bars through Costco might pose a challenge due to this restriction.
| Pros | Cons |
|---|---|
| ✔️Costco offers gold bars with known purity at minimal markups | ❌Limited availability with gold bars often selling out within hours |
| ✔️Executive members receive 2% annual cashback or more through cards | ❌Limited choices in gold bar selections |
| ✔️Potential to buy gold at a net value 7% below spot price | ❌Gold investment may not be suitable for everyone, preferential for stock market investments over the long term |
| ✔️Gold investment tax rates capped at 28%, aligned with income tax rates | ❌The tax rate on gains from gold investments is 28%, potentially higher than other investment avenues |
| ✔️Costco, a reputable supplier, makes gold available to the general public |
List of major dealers. Source Reddit and Staker forum.
- Amagi Metals – Best known dealer who accepts Bitcoin payments.
- APMEX – Now offer Free Shipping on orders of $99 for US customers and has a very wide selection. No minimum order requirement. A+ BBB rating. Reputation for fast shipping and offer Quick Ship. Also buys coins ($1,000 minimum).
- one of the first choices for gold and silver purchases.
- Some customers mentioned high prices and shipping charges.
- Notable for its selection of products but criticized for costs.
- BOLD Precious Metals – Accepts eCheck, Credit Cards, Personal Checks and Wires. No order limits. Website launched in April 2017 but operated several years as highly rated dealer on eBay.
- BGASC – Free US Shipping over $99. Also ships to Canada. Also buys coins. Fast shipping.
- Bullion Exchanges – Free U.S. shipping over $75. Accepts Bitcoin and PayPal along with other standard payments like checks, wires, and credit cards. A+ BBB rating, 5-star ratings on ShopperApproved, and they buy precious metals at the best prices.
- GainesvilleCoins.Com Wide Selection. Orders under $2,500 must be made with Credit Card. Orders over $2,500 can be made with Wire Transfer. Also buys coins (no minimum).
- GoldenEagleCoin – Washington DC Area Showroom.
- GoldSilver.com – Founded by Mike Maloney. Has informative videos on gold, silver, and the economy.
- GovMint – Has a wide selection, mostly overpriced, occasional great deals. A free catalog mailed a few times a year.
- JCS Gold
- JM Bullion – JM Bullion has become an excellent vendor with great feedback. There have been in the past serious packaging issues., which to be fair no longer reflect the service offered. They have been working diligently to improve their shipping times with many orders shipping same day. Free shipping on orders of $100.
- Liberty CPM
- Liberty Silver Estonia – European provider of VAT-free bullion.
- Modern Coin Mart – Also has an extensive ebay store.
- Monarch Precious Metals – Occasionally has $3-5 off Coupon Codes, so Google searching for any Coupons is suggested (do not submit posts asking for codes) .
- Monument Metals – Free Shipping over $99
- Pinehurst Coin Exchange – Located in North Carolina. Free shipping on all orders. Accepts bitcoin.
- Provident Metals – Free Shipping over $99
- ShinyBars – Accepts Paypal, Cryptocurrencies, & various bank options. Free U.S. shipping on all orders
$100+$150+. Increasingly interesting selection of Bullion and Junk Silver. Excellent customer service! - SilverRound.com – New retail store for what was formerly ChucksCoin.
- Silvertowne – Free shipping on all ‘World Coins’. No added Credit Card Fees. Also known for their 1oz Bars, and handpoured bars.
- Silver Gold Bull – Free shipping for U.S. orders over $99, international orders accepted.
- Scottsdale Silver – Known for their famous ‘stacker’ bars. Free US shipping on orders of $500 or more. Try Coupon code “SS5OFF” – $5 off order (not applicable to some products).
- SD Bullion – Affiliated with the Silver Doctors blog and YouTube channel. SD Bullion, a name that resonates in the savvy corners of the community, wields the power of competitive pricing. Stability is the heart of their premiums, a rarity in the landscape of fluctuating costs. Additionally, the company’s penchant for silver giveaways sets a tone of generosity and community spirit. Their rapid response to rectifying website flaws showcases a commitment to customer satisfaction, embodying a trait that earns them respect and loyalty.
- Texas Precious Metals – $1,000 Minimum order.
- Zaner Precious Metals – Accepts E-Check. US and Canada. Does Au/Ag/Pt/Pd swaps. Best for $10,000 Buy/Sell. NFA, CFTC, CCE Registered.
Possible Fraudulent and/or Bankrupt Dealers
Do your own Diligence. The below companies have been reported by the community as potential frauds/schemes or are bankrupt.
- BullionDirect
- Tulving – Owner had run an alleged ponzi scheme in the early ’90s. Currently dealing with major issues and unable to ship product to many customers.
- Kitco – Regularly goes in and out of bankruptcy protection. Reports of orders canceled during price spikes.
- Merit Gold
Some of the best places to buy gold online in the USA:
- JM Bullion: JM Bullion is an online dealer that offers a variety of precious metals, including gold and silver. They provide a convenient way to purchase gold online and have been in the industry for many years.
- Mentioned as a dealer with varying quality and prices.
- Criticized for errors, delays, and discrepancies in orders.
- Some customers had negative experiences with their customer service.
- SD Bullion: A trusted bullion dealer with a wide selection of gold coins, bars, and bullion. They offer competitive prices and free shipping on orders over $199.
- Mixed reviews, with some praising their deals and prices.
- Criticism about their sweepstakes, viewed by some as a marketing strategy.
- Some customers expressed dissatisfaction with quality or service.
- American Hartford Gold: American Hartford Gold is a precious metals company based in Los Angeles. They offer gold, silver, and platinum in both bars and coins. They provide hassle-free and secure IRA gold investments.
- Money Metals Exchange: Money Metals Exchange is a private dealer of gold and other precious metals. They offer a monthly gold/silver savings plan, allowing you to invest in small increments. They deliver the metals directly to you or provide secure storage options.
- Monument Metals: Monument Metals is a reputable United States-based bullion dealer known for offering a wide range of precious metals, including gold, silver, platinum, and palladium coins and bars. The company has garnered attention for competitive pricing, a straightforward ordering process, and a commitment to customer satisfaction.
- Highly regarded for offering some of the best prices.
- Appreciated for accepting eCheck payments, avoiding middlemen.
- Customers found Monument Metals to be cheaper compared to other mentioned dealers.
If the stars align and budgets permit, apex dealers can provide access to unparalleled variety. JM Bullion and SD Bullion excel in offering reasonable options that resonate with both beginners and connoisseurs. And amidst it all, local coin shops radiate authenticity and community spirit.
Amidst the cacophony of options, a name that evokes both respect and intrigue is APMEX. But let’s acknowledge the elephant in the room – the price tag. Indeed, it stands true that APMEX’s price point can be relatively loftier than its counterparts. Yet, their trove of bullion and collectibles, unparalleled in magnitude, warrants contemplation. If it gleams with precious metal allure, odds are APMEX has it. Though the budget may bear the brunt of this allure, rest assured, their shipping and customer service is a benchmark of excellence. One misstep in packaging from yesteryears does not overshadow a legacy of dependability.
In the tapestry of online bullion, JM Bullion occupies an esteemed tier, albeit somewhat shy of the pinnacle. Their inventory is vast and their prices, comparable to apex contenders. The past benevolence of their new-account 10-for-spot offer has charmed countless newcomers, exemplifying a spirit of engagement and initiation. While my engagement with JM Bullion has waned, former encounters bear testimony to prompt shipping and seamless operations.
In the ascending echelons of choice, Monument Metals shines with a luster of its own. Pioneering the path to affordability without compromising quality, they boast enticing deals and timely flash sales. It’s a realm of opportunity for those who keep a watchful eye on their emails. Not to be dismissed, their devotion to serving customers showcases their merit as a formidable player.
However, the path to acquiring precious metals isn’t devoid of its tribulations. Whispers of order cancellations during periods of price upheaval have surfaced, albeit as sporadic anecdotes. While this might be cause for concern, personal experience has largely been positive. Furthermore, the ethical debate surrounding price errors is a quagmire of varying perspectives. Nonetheless, these grievances should not overshadow the resilience and integrity exhibited by these dealers.
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