Colorado Gold Review 2026- Pros, Cons, Fees and Customer Reviews Included

Colorado Gold is a family-owned precious metals dealer founded in 1977, with over 40 years of experience and an A+ BBB rating.

They sell gold, silver, platinum, and palladium bullion, primarily to U.S.-based investors. Colorado Gold aren’t a traditional gold IRA company, but they can facilitate the process by working with reputable custodians like New Direction Trust Company and The Entrust Group.

Key strengths include stellar customer reviews, no lawsuits on record, a generous buyback policy, and product diversity across four major metals.

Fees are tiered, ranging from 0.5% to 1% depending on transaction size.

However, notable drawbacks include no fee waivers or free silver bonuses for new customers, a strict no-refund policy, phone-only ordering, limited customer support (just three staff members), and no service for international buyers or cryptocurrency IRA options.

Overall, Colorado Gold is legitimate and trustworthy, but better suited for straightforward bullion purchases than full-service IRA management.

What is Colorado Gold? Are They a Reputable and Legitimate Gold Investment Company? Or are They a Scam?

Colorado Gold is a long-established, family-owned precious metals dealer operating in the U.S. for over 40 years. This company is based in Colorado, New York, and Wisconsin and it specializes in selling gold, silver, platinum, and palladium bullion coins and bars, with a strong focus on investment-grade metals rather than rare coins.

Colorado Gold isn’t a scam precious metal investment company. Instead, they’re a legitimate, highly reputable and trusted business with thousands of happy customers so far and still going strong.

This company was founded by Don Stott in 1977 and is now being run by Don’s children Melissa, Morgen and David Stott.
Colorado Gold has an A+ rating with the Better Business Bureau and a spotless reputation as you’ll see by reading my review below.

Name	Colorado Gold
Date founded	1977
Location	Colorado, USA (222 S 5th St Montrose, CO 81401-3622)
Founder	Don Stott
CEO	David Stott, Melissa Thompson, and Morgen Gaskell
Precious metals	Gold, silver, platinum and palladium

What are the Fees When Doing Business With Colorado Gold?

Colorado Gold charges tiered buy-back fees for precious metals.

• 1% for transactions under $50,000;
• 0.75% for $50,000–$100,000;
• and 0.5% for over $100,000. A 1% fee applies to items not originally purchased from them.
• Wire transfers incur a $50 fee.

Is Colorado Gold a Gold IRA Company? How to Open a Gold IRA With This Company?

Yes, Colorado Gold is a gold IRA company. But, not in the same way as pure US-based gold IRA companies like Augusta Precious Metals or Goldco.

Colorado Gold can help you open a gold IRA, but their focus lies in selling physical precious metal bullion to Americans outside of their retirement accounts.

Opening a gold IRA with Colorado Gold looks like this:

First, you open a self directed gold IRA with a custodian of your choice.

Second, you fund the IRA through a money transfer, existing IRA transfer or via a 401k rollover.

Third, you inform Colorado Gold which metals you want to hold in your new gold IRA account.

Fourth, they quote live pricing for the precious metals you chose and lock a trade with you.

Fifth, your custodian sends funds to Colorado Gold. Sixth, Colorado Gold ships the metals to an IRS approved depository tied to your IRA.

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5 Pros to Buying Precious Metals from Colorado Gold?

There’re 5 key pros and benefits to buying precious metals from Colorado Gold.

Colorado Gold is a reputable precious metals dealer with stellar customer reviews on Trustpilot and BBB, and no lawsuits on record.

They offer a diverse range of products including gold, silver, platinum, and palladium.

For Gold IRA accounts, they partner with trusted custodians like New Direction Trust Company and The Entrust Group, without taking compensation from them.

Their buyback policy is generous, covering metals purchased both from them and other dealers (with a 1% fee for the latter).

Overall, Colorado Gold is a trustworthy and customer-friendly option for precious metals investing.

Pro 1- Excellent Reputation on Popular Customer Reviews Website

Colorado Gold has only a few customer reviews on popular customer review websites. Those that exist are stellar as you’ll see right below.

Pro 2- No Lawsuits Filed Against Colorado Gold

There’re no lawsuits filed against Colorado Gold. They have never been taken to court either by a former customer or anyone else.

That’s massively impressive and a key sign that Colorado Gold is a legitimate business.

Pro 3- Platinum and Palladium Products Available

Colorado Gold sells platinum and palladium products. This is important to you because diversifying precious metals when investing is usually better than investing in a single metal.

And it’s a lot less hassle to do it through a single precious metal dealer than through multiple.

Pro 4- Colorado Gold Works With Reputable Custodians and Depositories When Opening Gold IRAs

Colorado Gold isn’t a custodian service and they don’t open gold IRA accounts. However, they work with reputable custodians and depositories to facilitate the gold IRA creation process for you.

The custodians Colorado Gold works with are:

• New Direction Trust Company;
• The Entrust Group;
• STRATA Trust Company.

Colorado Gold doesn’t receive compensation from these companies and doesn’t officially recommend any one of them. They simply list firms they have successfully worked with many times.

Pro 5- Generous Metal Buyback Policy

Colorado Gold have a generous metal buyback policy.

Colorado Gold buys will buy all precious metals you originally bought from them. They’ll also buy hallmarked precious metals you bought from a different company. However, in this case a 1% fee applies and you also pay for shipping/transport.

8 Cons and Complaints to buying Precious Metals from Colorado Gold?

Colorado Gold has several notable drawbacks compared to competitors.

This company offers no fee waivers for new customers. They also don’t give free silver bonuses on large purchases or IRA purchases.

Their product’s range is limited to the four mainstream precious metals (gold, silver, palladium, and platinum) with no exotic metals or base metal bullion available.

The company has a strict no-refund policy. Orders can’t be changed or canceled, even in cases of significant delivery delays once a confirmation number is issued.

Customer support is limited to just three staff members working across different time zones, and orders can only be placed by phone rather than online. Additionally, Colorado Gold exclusively serves U.S.-based buyers, excluding international customers.

Finally, Colorado Gold doesn’t offer Bitcoin IRA options. Meaning this company is unsuitable for those looking to diversify retirement portfolios with cryptocurrency.

Con/Complaint 1- No Waived Fees for a Set Number of Years

Colorado Gold doesn’t waive any fees when you decide to work with them to open your gold IRA. This is only natural because they’re not a custodian or a precious metal depository.

This puts them behind a company like Augusta Precious Metals which waives all fees for all customers for the first 10 years (best in the industry).

Con 2- No Free Silver Bonus Available for Qualified Purchases

Colorado Gold doesn’t offer free silver bonuses on large precious metal purchases. With this company you always get what you pay for. And this is good, but better option is to get a bonus too.

For example, Birch Gold Group offer up to $10,000 in free silver for qualified purchases.

This puts them behind a company like Augusta Precious Metals which waives all fees for all customers for the first 10 years (best in the industry).

Con 3- No Exotic Precious Metals Available

Colorado Gold only sells the four most popular precious metals (silver, gold palladium and platinum). It doesn’t sell more exotic noble metals like iridium, rhodium, ruthenium and osmium.

It also doesn’t sell base metal bullion like for example JM Bullion sells copper (JM Bullion sells copper bullets, bullion and rounds).

Con 4- No Refund Policy

Colorado Gold hasn’t got a customer friendly refund policy. According to them, the trade you arranged can’t be changed or canceled once the confirmation number has been issued.

The trade in question can’t be changed even when there’re large delivery delay, and these happen occasionally.

Con 5- Limited Customer Support Availability

Colorado Gold employs only 3 people in their customer service. These people are Melissa, Morgen and David Stott. They all live in different parts of the United States so each person is available for help at different times.

Con 6- Phone-Only Orders

Colorado Gold only accepts orders via phone. This means you won’t be able to place orders directly on their website.

Con 7- U.S. Only Buyers

Colorado Gold only does business with U.S. buyers. You won’t be able to purchase precious metals from them even if you’re from Canada just across the border.

Con 8- No Bitcoin IRA Option Available

Colorado Gold isn’t a Bitcoin IRA company. Meaning you won’t be able to add any cryptocurrencies to your retirement portfolio if you decide to open a gold IRA account with the company’s help.

Colorado Gold Review 2026- Pros, Cons, Fees and Customer Reviews Included (Conclusion)

Colorado Gold is a family-owned U.S. precious metals dealer with over 40 years of experience and an A+ BBB rating. They sell gold, silver, platinum, and palladium bullion, and can assist with gold IRAs through trusted third-party custodians.

Strengths include stellar customer reviews, no lawsuits, a generous buyback policy, and tiered fees ranging from 0.5% to 1%. However, drawbacks include a strict no-refund policy, phone-only ordering, no fee waivers or silver bonuses for new customers, limited customer support, and no service for international buyers or crypto IRAs.

Overall, Colorado Gold is legitimate and trustworthy, best suited for straightforward bullion purchases.

References:

• How to Purchase from Colorado Gold- https://www.coloradogold.com/how-to-purchase/
• About Colorado Gold- https://www.coloradogold.com/about-colorado-gold/
• Colorado Gold Client Agreement- https://www.coloradogold.com/client-agreement/
• coloradogold.com customer reviews on Trustpilot- https://www.trustpilot.com/review/coloradogold.com