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Looking to learn what are Augusta Precious Metals fees for 2024? Want to know what their refund policy is?
My guide below tells you everything you need to know.
Use these jump links to get there faster:
- Augusta Precious Metals fees;
- Augusta Precious Metals refund policy;
- Augusta Precious Metals buyback policy.
Here’s a quick TLDR version in case you’re in a hurry:
The fees for setting up an Augusta Precious Metals account are:
- One-time setup fee– $50;
- Annual custodian fee– $100;
- Annual depository fee– $100.
In total, you’ll pay $250 for your first year. Afterwards, It’s a flat $200/yr fee as the $50 set-up fee was a one-time expense only.
| Augusta Precious Metals Fees | Recurring Yearly Payment |
|---|---|
| One-time account set up fee- $50; | No |
| Annual custodian fee- $100; | Yes |
| Annual storage fee (non-segregated)- $100; (segregated)- $150 | Yes |
| Shipping fee-$0 | No |
| Transit insurance fee- $0 | No |
Here’s some additional info you need to know:
- No setup costs for non-IRA accounts.
- You potentially don’t have to pay to open your gold IRA account with Augusta Precious Metals. Depending on the size of your precious metals investment you could get all fees waived for up to 10 years. And every customer is qualified to take advantage of this offer.
- Augusta has a customer-oriented 100% 7-day money-back policy (applicable only to first-time customers).
- As an Augusta customer, you get a special perk called “account lifetime service” This means you can count on ongoing support from the helpful Augusta staff.
- When you open a gold IRA account with Augusta you’ll receive a gold coin as a gift.
- Augusta have a buyback policy in place. According to it, Augusta is not obliged and doesn’t guarantee to buy back precious metals from a customer, but to date, they have never refused a legitimate request from a previous customer.
- Shipping and transit insurance are free to all Augusta Precious Metals customers.
- The minimum investment with Augusta Precious Metals is $50,000, applicable for both gold IRA and physical metal purchases.
To learn more about doing business with Augusta make sure you download their FREE gold IRA info kit. It’ll answer all the burning questions you have about gold IRAs and precious metals investing.
Now read my full guide below.
Table of Contents
What are the Valid Payment Methods for Opening an Account With Augusta Precious Metals?
The valid payment methods for Augusta Precious Metals are payments by bank wire, personal checks and bank checks.
You can transfer any amount via bank wire transfers, while payments by check are capped at $50,000 max.
Who Can Buy from Augusta Precious Metals?
Only people who are 18 years old or older can buy from Augusta Precious Metals. People who are underage can’t become Augusta’s customers.
Typical Augusta Precious Metals customers are precious metals investors and savers looking to diversify their retirement savings.
What is the Minimum Investment at Augusta Precious Metals?
The minimum investment at Augusta Precious Metals is $50,000 for both non-IRA precious metals purchases and gold IRA purchases.
You can meet the minimum purchasing requirement by purchasing any combination of precious metals from the brands Augusta offers.
What is the Maximum Order of Gold and Silver at Augusta Precious Metals?
There is no maximum order of gold and silver with Augusta Precious Metals. Augusta can fulfil very large (but not unlimited) orders of precious metals ordered by their customers.
They’re a top gold IRA company operating in the US market.
How Much Do Investors Typically Purchase With Augusta Precious Metals?
Professionals like Ray Dalio and Jim Kramer recommend that precious metals make up 5% to 10% of a well-diversified retirement savings portfolio.
It’s up to you to decide how much physical gold and silver makes sense for your own retirement savings portfolio.
Before purchasing you’ll need to consult your financial and tax advisors because Augusta Precious Metals will never nudge you, advise you, pressure you, or recommend any specific portfolio percentage or product type for you to buy.
Augusta Precious Metals is not a registered investment advisor and the buying decision is 100% your responsibility.
Note: turn your back and run away if a precious metals dealer or gold IRA company tries to pressure you into buying gold and silver; or if they use fear-mongering and scare tactics to try to get you to part from your money.
These are all scammy tactics (read my gold IRA scams guide here) designed to trick you into acting fast and without thinking.
Augusta will never do that because Augusta Precious Metals is a legit gold IRA company and not a scam.
Which Types of Gold and Silver Do Augusta Precious Metals Offer?
Augusta Precious Metals offers a variety of gold and silver products ranging from premium/rare coins to bullion coins and bars.
With them, you can buy:
- Common gold bullion;
- Common silver bullion;
- Premium gold;
- Premium silver;
- IRA-eligible coins.
Download this free gold IRA kit to learn how to open an account with Augusta Precious Metals.
Does Augusta Precious Metals Charge for Gold and Silver Management?
Augusta Precious Metals doesn’t charge for gold and silver management. Gold IRA and Silver IRA are self-directed IRAs. This means you direct, control and manage your own physical precious metals within the IRA.
When opening a gold IRA with Augusta Precious Metals you’re only paying a modest initial set-up fee ($50) and yearly custodian account setup and depository storage fees ($100/yr+$100/yr).
And of course, the price of the precious metal you want to buy comes on top of these expenses.
Can I Order Gold and Silver Online from Augusta Precious Metals?
You can’t order gold and silver online from Augusta Precious Metals. Augusta Precious Metals are a gold dealer, but they’re not an online gold dealer.
If you want to order precious metals from Augusta, I suggest you first download this free gold IRA info kit and guide to learn about Augusta’s simple gold IRA process.
Can I Use PayPal to Pay for Opening an Augusta Precious Metals Account?
You can’t use PayPal to pay for one-time setup fees, custodian fees and yearly depository fees. PayPal is not a valid payment method for Augusta Precious Metals.
Can I Use Bitcoin to Pay for Opening an Augusta Precious Metals Account?
You can’t use Bitcoin to pay for one-time setup fees, custodian fees and yearly depository fees. Bitcoin is not a valid payment method for Augusta Precious Metals.
Other types of cryptocurrency you can’t use with Augusta Precious Metals are:
- Binance Coin;
- Tether;
- Cardano;
- Binance USD;
- Ethereum;
- XRP;
- USD Coin;
- Solana,
- any other.
Note: to learn about Bitcoin and IRA make sure you read my guide to the top Bitcoin IRA companies next.
Read my iTrustCapital review as well to see what this superb Bitcoin IRA company can do for you.
Can I Use Gift Cards to Pay for Opening an Augusta Precious Metals Account?
You can’t use gift cards to pay for one-time setup fees, custodian fees and yearly depository fees. Gift cards are not a valid payment method for Augusta Precious Metals.
Can I use Payments Made by Phone to Pay for Opening an Augusta Precious Metals Account?
You can’t use payments made by phone to pay for one-time setup fees, custodian fees and yearly depository fees.
Payments by phone are not a valid payment method for Augusta Precious Metals.
Do Augusta Precious Metals Offer Free Shipping?
Augusta Precious Metals offer free shipping on all orders. Your precious metals will also be insured free of charge while in transit to your depository of choice.
Do Augusta Precious Metals Offer Segregated Storage to Their Customers?
Augusta Precious Metals offer segregated storage to their customers.
It costs a little bit extra ($50 on top of the regular storage fee), but it is the best type of storage you can have for your precious metal bullion.
What is the Refund Policy of Augusta Precious Metals?
Augusta Precious Metals’s refund policy is that all first-time customers get an extended cancellation period of seven calendar days for premium gold/silver coin transactions from the moment the transaction is confirmed.
Repeat customers are not eligible to get a refund on their purchases.
According to Augusta Precious Metals refund policy page:
“Subsequent premium product orders are final upon completion of the recorded confirmation call unless laws of your state of residence provide for a longer cancellation period, in which case the longer cancellation period will be honored”.
Note: the best ways to contact Augusta Precious Metals to issue you a refund are via telephone and live chat.
Another acceptable method is via their contact page.
I don’t advise you try to get your money back from Augusta by contacting them via their social media profiles (Twitter, Facebook, LinkedIn).
They’ll see your message, but just redirect you to the three preferable methods I mentioned above.
Is There an Augusta Precious Metals Promo or Coupon Code I Can use to Get a Discount?
There is no Augusta Precious Metals promo or coupon code you can use to get a discount.
That said, it is possible to have all your fees waived for up to 10 years. This depends on the size of your precious metals order.
Download Augusta’s free gold IRA kit so you can learn more about your potential savings.
Do Augusta Precious Metals Offer a Black Friday Deal or Coupon Code I Can use to Get a Discount?
Augusta Precious Metals don’t offer a Black Friday deal or coupon code you can use to get a discount.
APM don’t use Black Friday deals as a marketing tactic to attract new customers.
Do Augusta Precious Metals Offer a Cyber Monday Deal or Coupon Code I Can use to Get a Discount?
Augusta Precious Metals don’t offer a Cyber Monday deal or coupon code you can use to get a discount.
APM don’t use Cyber Monday deals as a marketing tactic to attract new customers.
Is There an Augusta Precious Metals Lifetime Deal I Can use?
There is no Augusta Precious Metals lifetime deal you can use. Lifetime deal as a marketing tactic is something Augusta Precious Metals don’t use.
Is There an Augusta Precious Metals Free Trial I Can use?
There is no Augusta Precious Metals free trial you can use. Free trials as a marketing tactic is something Augusta Precious Metals don’t use.
What is the Augusta Precious Metals Buyback Policy?
Augusta’s Precious Metals buyback policy is that the company doesn’t guarantee the repurchase of a customer’s precious metals at the time of purchase. They’re forbidden by US law to issue such guarantees.
According to Augusta Precious Metals’ risk disclosure page:
“Augusta is unable to guarantee the repurchase of a Customer’s precious metals at the time of purchase. Although Augusta has historically made buy-back offers for the products it offers, Augusta does not guarantee that it will repurchase the products it sells.”
What is the Average Percentage of Returns on Precious Metals Bought Through Augusta Precious Metals?
There are no guaranteed returns when it comes to investing in precious metals.
This is valid whether you bought your gold and silver bullion from Augusta Precious Metals or not. There’s an inherent risk to all types of investing, including investing in gold and other precious metals.
Is it True There are No Management Fees With an Augusta Precious Metals Gold or Silver IRA?
It is true there are no management fees with Augusta Precious Metals gold or silver IRA. You will never be charged for account management and the only account fee you’ll ever incur with Augusta is the $50 initial setup fee. It’s a one-time fee.
Here’s the breakdown of Augusta Precious Metals fees and pricing in 2024.
- One-time setup fee- $50;
- Annual custodian fee- $100;
- Annual depository fee- $100.
The latter two fees are for services outside of Augusta Precious Metals.
Augusta is not a custodian and they’re also not a precious metals depository. Instead, they work with Equity Trust (premium custodial service) and Delaware Precious Metals depository.
What is the Process for Setting up a Gold or Silver IRA Account With Augusta Precious Metals?
Here’s the step-by-step process for setting up a gold or silver IRA account with Augusta Precious Metals:
- Create your new IRA. with Augusta’s preferred self-directed IRA custodian.
- Fund your account. with dollars from your existing retirement account.
- Buy gold or silver. you choose and order with Augusta’s order desk.
Augusta Precious Metals Fees and Pricing for 2024 (Conclusion)
Augusta Precious Metals is a top notch gold and silver IRA provider.
For only a $250 total account setup fee and a minimum investment of $50,000, you can begin to invest in gold and silver as part of your strategy to diversify your retirement savings portfolio. And you’re protected by their excellent 7-day refund policy (valid for first-time customers only).
Download Augusta’s free gold IRA kit here!
If you have questions about Augusta Precious Metals’ fees/pricing, buyback policy, free shipping policy or refund policy, leave them in the comments section below.
I read all my comments and respond to all genuine questions my site’s readers leave.
Also, go ahead and read my Augusta Precious Metals review next.
Nikola Roza
Nikola Roza is a blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budget but still want to succeed. Nikola is passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here.