Written by Patrick Shick

Does APMEX sell fake?

This is an issue we take very seriously here at APMEX.

Counterfeit coins and bars have been passed off as legitimate for more than a decade . But what has changed is counterfeiters are getting better and their products are harder to detect.

Is APMEX a reputable Silver dealer?

APMEX is also one of the best sources for collectors , offering a wide variety of coins and old banknotes. While APMEX doesn’t have the lowest prices around, its significant sales volume allows it to be competitive.

Does APMEX report to IRS?

Do you report my purchase of Precious Metals to the IRS? APMEX is not required to report our sales transactions to the IRS or any other federal, state or local agencies unless you fall under the Form 8300 requirement .

Is APMEX an American company?



How are APMEX coins shipped?

Shipment of Your Items

See also  How much silver should I buy a month?

APMEX orders are shipped Registered/Insured U.S. Mail and UPS . Each package is fully insured and may require a signature upon delivery.

What does APMEX stand for?

the American Precious Metals Exchange

Who is the most reputable gold dealer?

The Best Gold Dealers 4 American Hartford Gold Group (877) 672-6779


How long has APMEX been around?

Since , APMEX remains one of the largest sources in the Precious Metals industry, providing buying, selling and educational resources.

How much gold can you buy without reporting it to the IRS?

However, no government regulations require the reporting of the purchases of any precious metals, per se . If payment is made by cash greater than $10,000, however, it becomes a “cash reporting transaction.” It is not the gold that the government wants reported but the cash.

Does the IRS know when you buy gold?

There are certain gold transactions we are required to report to the IRS as a dealer. However, we will never give out any of your information in our tax reports , for reasons beyond what the IRS requires. At no point will any third party gain any access to your personal data through Gold Galore Jewelers.

How much gold can you keep home?

The circular issued by CBDT specifies that a married lady is allowed to keep up to 500 grams of gold jewellery; an unmarried lady can hold up to 250 grams and a male member of the family can keep up to 100 grams of gold ornaments and jewellery.

Is APMEX a mint?

World Mints

Since opening for business in 2000, APMEX has strived to offer our customers the largest selection of Precious Metals products.

What is the most trusted place to buy gold and silver?

Places to Buy Gold or Silver

The two most common places where you can purchase precious metals are from an online dealer, such as JM Bullion, or a local coin shop . Local coin shops have been around almost as long as money has.

Where should I store my gold coins?

Gold should be stored in an area that is protected against high humidity and fluctuating temperatures . A lock-enabled jewelry box or a safe are both great investments for storing and protecting jewelry and other small gold valuables. Safety deposit boxes are also a popular option for storing metals like gold.

See also  What is the cheapest way to invest in gold?

Can I use credit card with APMEX?

Yes. We accept Visa, MasterCard, Discover and American Express credit cards for payment.

Can I cancel my APMEX order?

Once your Purchase Order is confirmed, you may not cancel and are obligated to send the agreed to quality and quantity of Precious Metals to APMEX.

Does APMEX have free shipping?

APMEX delivers:

98% customer satisfaction rating. Expedited processing with QuickShip® No minimum order‡ FREE SHIPPING on eligible orders !

Is it smart to buy silver coins?

Investing in silver coins and bullions is a favorable way to hedge against inflation and other financial market changes . For example, investors would rather look at silver and other alternatives if the stock market has not been performing well.

Is it better to invest in silver or gold?

Silver is more volatile, cheaper and more tightly linked with the industrial economy. Gold is more expensive and better for diversifying your portfolio overall . Either or both may have a place in your portfolio. Arguably the best use for gold as an investment is to mitigate portfolio risk.

What is the safest way to buy gold?

Traditional mutual funds tend to be actively managed, while ETFs adhere to a passive index-tracking strategy, and therefore have lower expense ratios. For the average gold investor, however, mutual funds and ETFs are now generally the easiest and safest way to invest in gold.

What is the cheapest place to buy gold?

Hong Kong . Hong Kong is currently the cheapest place to buy gold. The premium on Australian Nuggets, a type of gold coin, in Hong Kong is some of the cheapest gold to buy in the world at around $1,936 for a one-ounce gold coin.

Is buying gold online safe?

Digital Gold can be used as collateral for online loans. Digital Gold is genuine and the purity is 24K 99.5% for SafeGold and 999.9 in case of MMTC PAMP purchases. Your purchase is stored safely and is also 100% insured . You can exchange digital gold for physical jewellery or gold coins and bullion.

See also  Is silver going to skyrocket?

Does USPS insurance cover Precious Metals?

USPS has a small clause in their insurance policy stating that they will not honor insurance for lost precious metals unless they are shipped by REGISTERED MAIL . Registered Mail is the soundest method of protecting your bullion from mail fraud or theft.

How is Gold shipped?

Hands down, the best way to ship your valuables including gold, silver and rare coins is to use the United States Postal Service’s Registered Mail Services . While the post office employees may try to convince you to switch to insured mail, do not take the bait.

Is APMEX gold reliable?

For over 15 years, APMEX has provided customers with an easy shopping experience they can trust. We pride ourselves on transparency and consider every customer review to be valuable feedback. Check out some of these reviews below and see why we have a 98% customer satisfaction rating .

Is APMEX a good company to use?

APMEX has a rating of A+ , 181 customer reviews and 55 complaints on the Better Business Bureau. They have an AAA rating on BCA, and a 5 star rating with TrustLink based on only 2 customer reviews.

Does APMEX track the coins I buy?

Every coin you purchase at APMEX is tracked and you can see how your investments are doing in your “Precious Metals Portfolio Tool.” They now have a phone app, as well.

Can APMEX help me with USPS status updates?

APMEX has been unwilling to aid in the process, claiming that USPS statuses have updated. USPS have issue notifications, but they are multiple of the same status (the item is not actually moving).

What does APMEX stand for?

APMEX stands for American Precious Metals Exchange. The company doesn’t have a storage vault but use the services of their subsidiary company (Citadel Global Depository Services, Inc.) to store your investment assets for you. We’ve reached the end of our APMEX Review, where we’ve looked at customer reviews and complaints.

Read More Articles:

Is it better to own physical silver?