Augusta Precious Metals Review 2023- Is This Gold IRA Company Worth it? Real Customer Reviews Included
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Looking to invest in a gold and silver IRA, but don’t know which precious metals IRA company to go with?
My Augusta Precious Metals review for 2023 will tell you everything you need to know.
Let’s get started!
Jump here: What is Augusta Precious Metals| What Services Does Augusta Precious Metals Offer| Augusta Precious Metals Pricing| How to Get Started With Augusta Precious Metals| Augusta Precious Metals BBB and Consumer Watchdog Websites Scores and Reviews|Augusta Precious Metals Pros and Cons| Augusta Precious Metals Review FAQ
Table of Contents
What is Augusta Precious Metals?
- Name- Augusta Precious Metals;
- Date founded- 2012.
- Headquarters- Beverly Hills, California, United States.
- CEO- Isaac Nuriani.
- BBB score– A+.
Augusta Precious Metals is an award-winning gold and silver IRA company founded in 2012 by the Nuriani family.
The Nuriani Family has over 40 years of experience dealing with coins and precious metals and their flagship company (Augusta Precious Metals) currently employs 45 people full time.
Augusta focuses on supporting individuals’ retirements by simplifying economics for them.
Before purchasing each potential customer has to meet with their personal agent assigned by Augusta and learn whether investing in gold and silver is a good idea for them and how to do it intelligently.
This is unlike all other US gold IRA companies whose only goal is to sell to you as fast as possible.
What Services Does Augusta Precious Metals Offer?
The services Augusta Precious Metals offer are:
- Gold and silver IRA purchases;
- Gold and silver cash purchases;
- Lifetime support from Augusta Precious Metals customer service.
Gold and Silver IRA
Augusta Precious Metals is one of the best gold IRA companies on the market.
They’ve been in business since 2012 and so far there are barely any complaints about them. (they hold a perfect A+ score on BBB).
You can open an account with APM and they will help you establish your precious metals IRA and diversify your retirement portfolio in a safe and effective way.
This means they’ll explain the pros and cons of investing in precious metals; they’ll connect you with the right custodian;
they’ll help you pick the depository nearest to your home;
they’ll do the paperwork for you (including your taxes);
they’ll help you do a 401 (k) rollover if that’s the way you picked to fund your gold IRA…
Basically, all you’ll need to do is educate yourself, make an informed decision and sign the papers needed to open your gold IRA.
Note: click here to go to the section of my Augusta Precious Metals review where I cover how to open an account with this gold IRA company.
Gold and Silver Cash Purchases
Augusta Precious Metals also sells gold and silver bullion outside of IRAs. This option lets you take possession of physical gold and silver and store it in your home safe box.
This option is valuable to investors and savers who want to keep their gold and silver bullion in their homes and closer to them.
Here are the benefits you’ll get if you buy gold and silver outside of your IRA and from Augusta Precious Metals:
- Ensured shipping and transit for the precious metals you ordered (you only take responsibility for your metals after you sign for them upon delivery).
- Private, free and secure delivery (even the delivery driver doesn’t know they’re delivering your bullion).
- All of the benefits of buying gold and silver as alternative assets.
- Lifetime access to Augusta’s gold and silver professionals.
Lifetime Support From Augusta Precious Metals
As an Augusta Precious Metals customer, you’re entitled to lifetime support from their helpful staff.
And you can get help not just for the gold and silver you already bought, but with everything else you need and want to know about the current situation on the market and the economy in general.
Your ongoing support from Augusta Precious Metals consists of:
- Answering basic questions to help you with any concerns you have regarding gold and silver.
- Serving as a liaison to connect you with other departments, including connecting you with the storage facility that’s storing your precious metals.
- Sending you new educational videos on an ongoing basis (if you opt-in of course).
- Scheduling one-on-one web meetings to give you valuable insights into the economy and precious metals market.
- Giving you free assistance with the completion of custodial paperwork, for contributions, distributions, liquidations, transfers and Required Minimum Distributions (RMDs);
- Assisting you with additional purchases of gold and silver bullion.
- Arranging precious metals buybacks.
Augusta Precious Metals Pricing
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, the fee is flat at $200 per year, as the $50 set-up fee was a one-time expense only.
| Augusta Precious Metals Fee | Recurring Yearly Payment |
|---|---|
| One-time set up fee- $50; | No |
| Annual custodian fee- $100; | Yes |
| Annual depository fee- $100. | Yes |
Note: with Augusta Precious Metals there are no upselles, hidden insurance, shipping and management fees.
But there’s a $50 000 account minimum investment for both cash (non-IRA) and gold IRA purchases.
You can read my Augusta Precious Metals fees guide to learn more about the topic.
How to Get Started With Augusta Precious Metals?
- Step #1– Contact an agent;
- Step #2– Get access to educational content;
- Step #3– Start the IRA processing;
- Step #4– Build your portfolio;
- Step #5– Finalize your order.
Step #1- Contact an Agent
You’ll need to contact Augusta Precious Metals here on their official website to set up an IRA with them.
They will assign an agent to you who’ll schedule a one-on-one meeting with you to answer all the questions you have.
During this preliminary stage, you need to be open about your retirement goals to help the agent determine the investment strategy that’s best for you.
Step #2- Get Access to Educational Materials
Once you’re familiar with the process, your APM agent will grant you exclusive access to educational videos, guides, and other materials you’ll need to go through to learn more about precious metals and the current market situation and economy.
The guides you’ll get are extremely useful, and you won’t find them on the Augusta Precious Metals official website.
This exclusive information is reserved only for their potential clients.
Step #3- Start the IRA Processing
In the third step, Augusta Precious Metals will help you get started with your precious metals IRA.
The company will handle 100% of the paperwork (also help with taxes) during this process, ensuring a stress-free experience for you.
#4- Build Your Portfolio
After you’ve set up your IRA, you can begin building your portfolio by investing in gold and silver bars and coins.
At all times you’ll have the personal agent Augusta assigned to you helping you pick the products you want and providing the information you need.
Step #5- Finalize Your Order
After you’ve finalized the order, you will receive a call from one of the representatives at Augusta Precious Metals to confirm your order.
Then the company will process it, and your gold and silver will be on their way to a safe depository where it’ll sit (100% insured by London underwriters) to give you the financial security you always wanted.
Augusta Precious Metals Pros and Cons
You can read about Augusta Precious Metals pros and cons in my guide here.
But here’s a brief overview.
| Pros | Cons |
|---|---|
| Strong Focus on Education- Augusta will first tell you everything you need to know, and then you can decide whether precious metals IRA is a right choice for you. | High Minimum Investment- you need to invest at least $50 000 when buying gold from Augusta Precious Metals. $50 000 is minimum for both IRA and non-IRA cash purchases |
| Easy Account Setup Process- Augusta Precious Metals staff do all the work for you and yours is only to sign the papers. | There is no Pricing of Products on Their Website- You will only learn how much APM's services cost after you get in touch with them and after they assign an agent to you. |
| Lifetime Support- Augusta Precious Metal offers lifetime assistance to all of their customers regardless of when the transaction happened. | You Can’t Purchase Platinum and Palladium With Augusta Precious Metals |
| No Management Fee Charges- All other gold IRA companies charge you management fees, but Augusta Precious Metals doesn't. | Relatively High Margins- Augusta Precious Metals markup for some products goes up to 33%. Still, for most products it's 6% or lower. |
| They Offer Gold Buybacks- if you have an urgnet need to sell back your gold, Augusta will buy it off from you. Technically, they're not required to do buybacks, but to date have never refused their customer's request. | / |
| Supported By Celebrities- Joe Montana and Mark Levin are both happy customers and official ambassadors for Augusta Precious Metals | / |
Augusta Precious Metals BBB and Consumer Watchdog Websites Scores and Reviews
Augusta Precious Metals is a beloved company in the gold IRA space and online reviews about their are both abundant and extremely positive.
There are almost no complaints of dissatisfied customers and there are hundreds of positive reviews from current and ex-Augusta customers.
For example, here’s Augusta’s BBB profile with their higher A+ score. Immediately below are a handful of reviews from satisfied customers.
Here’s Augusta Precious Metals’s Trustlink profile. As you can see in the image, their score is 5/5 stars based on 286 reviews. Immediately below are a handful of customer reviews as well.
Here’s Augusta Precious Metals’s Trustlink profile. As you can see in the image, their score is 4.9/5 stars based on 135 reviews. Immediately below are a handful of customer reviews as well.
Finally, here’s a testimonial from Joe Montana, a happy customer and also the official ambassador for Augusta Precious Metals.
“Augusta Precious Metals has been a great company to work with. I want to applaud Augusta for their team approach, professionalism, and efficiency. Their amazing, informative web conference educated me about the economy, and having Augusta on my team makes me feel good about my decision to add precious metals to my retirement portfolio.” – Joe Montana
| Consumer Watchdog Websites | Number of reviews | Score | Number of complaints in the past 12 months |
|---|---|---|---|
| BBB | 121 reviews | 4.93/5 | None |
| Trustlink | 286 reviews | 5/5 | None |
| ConsumerAffairs | 135 reviews | 4.9/5 | None |
| Google My Business | 221 reviews | 4.9/5 | None |
| Business Consumer Alliance | 85 reviews | AAA | None |
Augusta Precious Metals Review FAQ
When Was Augusta Precious Metals Founded?
Augusta Precious Metals was founded in 2012 by the Nuriani family. They’ve been in business for more than 11 years.
Who is the CEO of Augusta Precious Metals?
Isaac Nuriani is the CEO of Augusta Precious Metals.
Is Augusta Precious Metals Licensed by the United States Mint and FINRA?
Augusta Precious Metals is licensed by the United States Mint.
Augusta Precious Metals is not licensed by FINRA (Financial Industry Regulatory Authority).
What is the Augusta Precious Metals Web Conference?
The Augusta Precious Metals web conference is a free, one-on-one educational service Augusta offers to its potential customers.
If you sign up you’ll be able to have a one-on-one talk with Devlyn Steele, a Harward-trained economist who can answer all the questions you have.
In this web conference you’ll learn
- How gold and silver have helped retirement savers hedge inflation
- How does Federal Reserve action affect the economy
- Concerns about the future of the U.S. dollar
- How to avoid falling for gimmicks & high-pressure tactics when buying gold and silver
What Precious Metals Products Can You Buy At Augusta Precious Metals?
The precious metals you can buy at Augusta Precious Metals are:
- Common gold bullion;
- Common silver bullion;
- Premium gold;
- Premium silver;
- IRA-approved coins.
Common Gold Bullion
- Gold American Eagle 0.1oz
- Gold American Eagle 1oz BU (Random Year)
- Gold American Eagle .5oz BU (Random Year)
- Gold American Eagle .25oz BU (Random Year)
- Gold American Eagle .10oz BU (Random Year)
- Gold American Buffalo 1oz BU (Random Year)
- Gold Britannia 0.1oz
- Gold Canadian Maple Leaf 1oz BU (Random Year)
- Gold Canadian Polar Bear 0.1oz
- Austrian 1 oz Gold Philharmonic BU (Random Year)
- South African Gold Krugerrand 1oz (Random Year)
- Gold Bar 10oz – Our Choice Hallmark
- Gold Bar 1oz – Our Choice Hallmark
Common Silver Bullion
Here are the common silver bars and coins you can buy from Augusta Precious Metals. These are suitable for you if you want to own physical silver outside of your IRA.
- American Silver Eagle 1oz BU (Random Year)
- Canadian Silver Maple Leaf 1oz BU (Random Year)
- Austrian Philharmonic Silver 1oz BU (Random Year)
- Austrian Philharmonic Silver 1oz BU (Random Year)
- America The Beautiful – 5oz Cumberland Gap
- America The Beautiful – 5oz Fort Moultrie
- America The Beautiful – 5oz Effigy Mounds
- Canadian Silver 5 Blessings 1oz
- Silver 90% Bag – $1,000 Face Value
- Silver 90% Bag – $500 Face Value
- Silver 90% Bag – $250 Face Value
- Silver 90% Bag – $100 Face Value
- Silver Bar 100oz – Our Choice Hallmark
- Silver Bar 10oz – Our Choice Hallmark
Premium Gold
Here are the premium gold bars and coins you can buy from Augusta Precious Metals. These are suitable for you if you want to own physical gold outside of your IRA.
-
2023 Bald Eagle with Fish
-
2022 St. Helena Gold Sovereign
-
2020 Australian Striped Marlin
-
2018 Royal Mint 1/4oz Gold Year of the Dog
-
2018 The Rose Crown Guinea
-
2017 Great Britain 1/4oz Gold Year of the Rooster
-
2017 Royal Canadian Mint .25oz Gold Eagle
-
2016 .25oz British £25 Gold Standard
- 2016 Great Britain 1/4oz Gold Year of the Monkey
- 2015 Canadian .25oz Gold $10 Polar Bear and Cub
- 2014 Canadian .25oz Gold $10 Arctic Fox
- Gold American Eagle Proof
- American Gold Buffalo Proof
- Certified American Eagle
- Certified American Buffalo
- $20 Saint Gaudens
- $10 Indian
- $5 Indian
- $2.5 Indian
- $20 Liberty
- $10 Liberty
- $5 Liberty
- $2.5 Liberty
- 5 Piece Certified Indian Set
- 5 Piece Certified Liberty Set
- Commemorative
Premium Silver
Here are the premium silver bars and coins you can buy from Augusta Precious Metals. These are suitable for you if you want to own physical silver outside of your IRA.
- 2023 Bald Eagle with Fish
- 2021 Royal Canadian Mint 1.25oz Silver Soaring Eagle
- 2020 Royal Canadian Mint 1.25oz Silver Soaring Eagle
- 2019 Royal Canadian Mint 1.25oz Silver Eagle with Nest
- 2018 Royal Canadian Mint 1.25oz Silver Eagle with
- 2018 Royal Canadian Mint .5oz Silver Eagle with Nest
- 2017 Royal Canadian Mint 1.25oz Silver Eagle
- 2017 Royal Canadian Mint .5oz Silver Eagle
- 2016 Canadian 1.5oz Silver $8 White Falcon
- 2016 Royal Canadian Mint .5oz Silver Eagle
- 2015 Royal Canadian Mint .5oz Silver Eagle
- 2015 Canada 1.5oz Silver $8 Polar Bear and Cub
- 2014 Canadian 1.5oz $8 Silver Arctic Fox
- John F. Kennedy Half Dollar
- Ben Franklin Half Dollar
- Walking Liberty Half Dollar
- Peace Dollar
- Morgan Silver Dollar
- Mercury Dime
- Commemorative Dollar
- Proof Silver American Eagle
IRA-Eligible Coins
Here are the IRA-approved gold and silver bars and coins you can buy from Augusta Precious Metals. These are suitable for you if you want to diversify your retirement portfolio with gold or silver, or both.
- American Eagles
- American Eagle Proofs
- Canadian Maple Leaf
- Gold Canadian Eagle
- American Buffalo
- Australian Striped Marlin
- Canadian Silver Soaring Eagle
- Canadian Silver Eagle with Nest
- American Silver Eagle
- Canadian Silver Maple Leaf
Does Augusta Precious Metals Sell Platinum Bars and Coins?
Augusta Precious Metals doesn’t sell platinum bars and coins. This means you can’t add platinum bullion to your IRA via Augusta Precious Metals.
Does Augusta Precious Metals Sell Palladium Bars and Coins?
Augusta Precious Metals doesn’t sell palladium bars and coins. This means you can’t add palladium bullion to your IRA via Augusta Precious Metals.
Does Augusta Precious Metals Sell Rhodium Bars and Coins?
Augusta Precious Metals doesn’t sell rhodium bars and coins. This means you can’t add rhodium bullion to your IRA via Augusta Precious Metals.
Rhodium is not an IRA-approved precious metal.
Is Augusta Precious Metals a Bitcoin IRA Company?
Augusta Precious Metals is not a Bitcoin IRA company. Augusta is a gold and silver IRA company.
Read my guide to the best Bitcoin IRA companies if you’re looking for a Bitcoin IRA company.
Does Augusta Precious Metals Offer Free Silver on Qualified Gold Purchases?
Augusta Precious Metals doesn’t offer free silver on any purchase, no matter the amount of gold you buy.
In the video below Devlyn Steele (Augusta’s Harvard-trained director of education) explains how IRA companies that offer free silver with qualified gold purchases are getting their money’s worth back through much higher markups on their products.
Do Augusta Precious Metals Offer a Refund Guarantee?
Augusta Precious Metals offers a refund guarantee for first-time customers. As a first-time customer, you have 7 days to return the gold and silver you bought and receive 100% of your money back.
Do Augusta Precious Metals Offer a Buyback Guarantee?
Augusta Precious Metals don’t offer a buyback guarantee to their customers. However, APM acts as if they have a buyback policy because to date they have never refused buyback requests from their customers.
Will the People from Augusta Precious Metals Push Me To Buy From Them?
People from Augusta Precious Metals will not push you to buy anything from them. They will present the facts to you, and give you the pros and cons of owning physical gold and silver.
The decision will be left up to you.
Note: At the bottom of each page on Augusta’s website there’s a large disclosure where you’re warned about investing in gold and silver and how you’ll be wise to talk to a financial advisor before making a decision.
What is Augusta Precious Metals Markup on Gold and Silver Bullion?
Augusta Precious Metals’s markup on common gold and silver bullion coins can be up to 10%. Their markup can go up to 66% on premium gold and silver products.
To compare Augusta’s price and current market price you can check the spot price for that day.
You can visit this website to see the current spot prices of gold.
Augusta Precious Metals Review 2023- Worth It (Conclusion)?
My Augusta Precious Metals review for 2023 is over.
Have you learned everything you needed to know?
Have more questions?
Ask them in the comment section below.
Nikola Roza
Nikola Roza is an affiliate marketer and blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budgets and who still want to carve out a niche online and a better life for themselves. He's also passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here, or read his blog posts and guides here.