American Gold Exchange Reviews: What You Should Know

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Last Updated: February 24, 2024

Are you interested in learning more about the American Gold Exchange? Investing in gold and silver coins can help you diversify your investment portfolio and even offer tax advantages if you invest in a gold IRA account.

With so many choices, finding the right gold dealer to help you with your investments is not always easy. What kind of company is American Gold Exchange? Before we answer this question and more, we want to disclose how we research the oldest companies and new ones alike.

At Barcode of Life, we understand the importance of your financial decisions and the trust you have in our information. We conduct in-depth research on every company we review, including their reputation, product offerings, and history. Our goal is to provide you with reliable, comprehensive information so you can make confident choices.

We hold a skeptical view of banks, the monetary system, and politicians, recognizing that these entities often cater more to the wealthy than everyday investors. Therefore, we strongly advocate for individuals to have greater control over their own finances, firmly believing that they should have the power to make decisions about their money, reducing dependence on institutions and politicians.

The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until March 7, 2024. If you are even thinking about investing in gold, you need to request this kit.
 
Check out our best gold IRA companies list for 2024.

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Key Takeaways

What Kind of Company Is American Gold Exchange?

Finding the right precious metals dealer is one of the most significant problems you will encounter once you decide to invest in gold. Let us give you all the details about the American Gold Exchange so you can determine if they are the right company to help you buy precious metals.

The American Gold Exchange is a precious metals retailer based in Austin, Texas. Headed by Dana Samuelson, it is one of the oldest companies in the gold industry.

The company opened in 1998 and is not to be confused with the company with the same name in San Diego, California. John McDonald is the Sales Director at American Gold Exchange. John McDonald helps ensure the company stays on track with its customer offerings to remain a contender in the market.

American Gold Exchange is a rare coin company specializing in precious metals and has a solid reputation in the industry, but we plan to dig deep to find all the details. This review will tell you about the company's services, reputation, and how you can buy and sell precious metals like silver coins.

What Do Customers Say?

You should never do business with a company you have not vetted fully, especially when your financial future is on the line. Before signing up for a free gold investing packet, you must know what customers say about the American Gold Exchange.

The Better Business Bureau

We trust the Better Business Bureau to offer investors a platform to air their concerns and opinions about companies like AGE. The BBB gives AGE an A+ rating.

AGE has been accredited by the BBB since 2009. We discovered the company has only one customer review with a five-star rating. The customer says their entire family shops from AGE and has since 2007. There are no customer complaints on the BBB.

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Trustpilot

We found more helpful information on Trustpilot. Here, AGE has an excellent rating with a solid five stars. The company has 2,927 customer reviews. Around 96% of reviewers have left five stars.

There are only a few complaints, including slow shipping, higher prices, and mishandled orders. Overall, it appears the company pleases customers. Some of the top themes in reviews include:

Yelp

The AGE has 3.4 stars out of five on Yelp. Only five customers have left reviews about the business owner. The company has more five-star reviews than negative ones, but a few complaints exist.

One customer stated the employees were rude. The company responded by saying they had never worked with the customer, and Yelp removed the first review because they sided with AGE.

Yet another customer complained, and the company says they have the wrong company. Unfortunately, this does happen on Yelp. We believe some reviewers were confusing AGE in Austin with another company of the same name in San Diego.

Other customers talked about the company having the best prices and shipping in a timely fashion. There seems to be a mix of reviews, with mostly positive ones. American Gold Exchange has much better reviews than some other dealers.

Affiliations and Memberships

AGE is an active member of many professional associations, including the following:

These associations do not allow non-reputable companies to join because of their stringent guidelines. You can rest assured you will get your money's worth when buying gold and silver bullion from AGE.

pros & Cons

Customer reviews are essential starting points, but you must weigh the pros and cons. We like to include this section because it allows our readers to view a breakdown of how the company conducts business.

Pros

Cons

Is American Gold Exchange Legit?

American Gold Exchange is a legit company that has been around since 1998. The Better Business Bureau accredits the company, and it is a member of several prestigious associations.

Just because a company is legit does not mean they are the best option for your needs. You must be careful when investing your hard-earned savings into coins.

What Gold and Silver Coins Does the American Gold Exchange Offer?

AGE offers a range of products for gold investing, including coins, bullion, and bars. We will outline some of the most popular precious metals options below.

Gold

Silver

Platinum

Palladium

The company also offers a wide range of rare coin options. The inventory changes constantly, so you should check back often

How to Buy From AGE

Buying on the AGE website is simple. You do not have to become a member to buy silver coins or other precious metals. Click on the precious metal you want to buy and add it to your cart. Add your payment and shipping information and have your items shipped directly to your door.

How to Sell to AGE

AGE will buy gold from all 50 states. If you want to sell your gold or other precious metals, you must contact Dana Samuelson at Dana@amergold.com. Include a list of the coins you want to sell. Include the following information:

You will receive a free approximate value estimate. If AGE and the customer are interested in proceeding, they will ask you to send in your coins for a full evaluation. The company also offers dealer-to-dealer trading services.

Payment Options

AGE offers several payment options, but there are rules in place. The rules and payment options are subject to change, so check with AGE before purchasing collector coins or rare coins.

  1. Credit cards have a $15,000 limit.
  2. Cryptocurrency has a $50,000 limit.
  3. Debit cards, credit cards, personal checks, money orders, and bank wires require a 5% deposit.

Shipping Policy

The shipping policy remains the same no matter the different precious metals you purchase. The following are the shipping wait times for each payment method:

AGE's default shipment provider is FedEx, unless your order ships to a PO Box. The following shipment information is essential to keep in mind.

  1. Orders over $5,000 ship via USPS priority.
  2. Orders over $5,000 may ship by USPS registered mail.
  3. Many orders will ship via FedEx Express Saver. FedEx will not deliver to Post Office Boxes.

Does American Gold Exchange Offer Precious Metals IRA Account Services?

American Gold Exchange offers the gold standard for your precious metals IRA at fair market value. The first step to investing in a gold IRA is to sign up with a custodian. AGE partners with the following custodians to help its customers invest their retirement funds in precious metals.

  1. GoldStar Trust Company
  2. Strata Trust Company
  3. New Direction Trust Company
  4. Entrust Group

Your chosen custodian will walk you through funding your account so you can purchase silver bars and various precious metals. The IRS has rules regarding the purity of precious metals:

Remember the purity levels above when you purchase platinum items, platinum products, palladium products, and gold and silver coins and bullion. AGE will guide you every step of the way and will work hand in hand with your chosen custodian to ensure you select the right coins.

You will need to pick an approved depository because the IRS will not allow you to keep your investments in a precious metals safe at home. These coin dealers can help you choose the right depository for your gold and silver products.

Why Should You Invest in Gold?

As your interest in gold grows, there are many things to consider. If you are on the fence about investing in gold, we want to give you the facts so you can make an informed choice. Buying gold bullion and other precious metals offers the following benefits.

Gold hedges against inflation. As Fiat currencies lose value, gold typically rises. Purchase at great prices and wait for gold to rise for an excellent ROI.

One of the main reasons people invest in IRAs is the tax advantages. The IRS offers tax breaks for investing your retirement funds in an IRA. Depending on whether you have a ROTH or traditional IRA, you will not owe taxes on contributions or distributions.

Gold is also an excellent way for investors to diversify their investment portfolios. The gold industry continues to thrive, helping investors protect their retirement funds.

Many invest in gold because it is a tangible asset with numerous practical uses. Gold offers stability during periods of economic uncertainty.

You must remember there are additional costs to investing in precious metals with an IRA because you must cover annual custodian, insurance, and storage fees when buying coins and bars.

AGE can give you price quotes on these services so you will be prepared. The company offers competitive prices for its services. Make sure to read our advertising disclosure before you proceed.

Our Final Thoughts: Is American Gold Exchange a Good Dealer for Buying Gold Coins?

American Gold Exchange seems to be a good company that offers excellent prices. The company provides many coins, including rare and silver coin options.

As you read these gold dealer reviews, it is clear that AGE's strong suit is its competitive price guarantee. The company works to provide a competitive price on every item it sells. You will not find anything that is not offered at a fair market value, even collector coins.

Although we believe AGE is a solid company with a proven track record in gold dealer reviews, better options may be available, depending on your investment needs. AGE operates on direct sales, which may not be for everyone. There are other dealers available, and we have reviewed many of them.

Whether you buy from AGE or other coin dealers, look for good customer reviews, a competitive price, and valuable items. Never settle for companies that cannot entirely meet your investment needs.

Research carefully to find a fair price and ensure you receive the right level of customer service as you pursue your investments. Check out our comparison charts to see how the American Gold Exchange stacks up against the competition.

Recognizing that banks often serve the interests of the wealthy rather than everyday investors, we approach banks, the monetary system, and politicians with skepticism. We strongly believe that individuals should have greater power over their finances, empowering them to make decisions about their money independently and reducing reliance on institutions and politicians.

The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until March 7, 2024. If you are even thinking about investing in gold, you need to request this kit.   

See How Smart Americans are Protecting Their Savings & Retirement

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