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Numismatics consists of the study of coins, paper currency, and medals as defined by the Oxford Languages Dictionary. However, numismatics and rare coin collecting get interchanged and should not be convoluted. Investors looking to purchase rare coins want to have their gold and silver researched and appraised by numismatics experts. But not all coin retailers have the knowledge and experience to be numismatics experts. Working with a quality business that has a reputation of distinct character and has experience with both rare coins and more modern minted bullion, can make a significant difference in purchasing valuable coins versus collector folklore.
About American Precious Metals
American Precious Metals, Inc. is a local business in Phoenix, Arizona that handles precious metals for IRAs, rare coins, and Numismatics.
As members of the PCGS and NGC, American Precious Metals has a team of knowledgeable appraisers with over 60 years of experience in precious metals.
According to the Better Business Bureau, American Precious Metals has been in business for over 28 years and it is a family-owned and operated business.
American Precious Metals is not a mint, however, they serve and sell various metals from local and national mints. APM also has IRA-approved coins and bars, these are available from the United States Mint and other country mints including; Canadian Mint, South African Mint, Austrian Mint, and Perth Mint.
If you are in the Phoenix Metro Area, the State of Arizona, or anywhere in the country AMP can work with you. They offer appraisal services, buying and selling rare collectible coins, and they can even assist you with setting up, purchasing, and storing your IRA-approved metals.
What IRA Approved or Rare Coins are Available?
Online selection of available metals is minimal and it is recommended you contact American Precious Metals directly for a current selection.
Available online include:
- Gold 1 oz American Eagle
- Gold 1 oz Canadian maple Leaf
- 1 oz Gold Krugerrand
- 1 oz Gold Australia Kangaroo
- 1 oz Gold Austria Philharmonic
- 1 oz Gold American Buffalo
- 1 oz Gold China Panda
- 1 oz 2015 Australia Gold Lunar Goat
- 1 oz Gold Bars from The Perth Mint Australia, Credit Suisse, and PAMO of Switzerland
- 10 troy ounce bars
- 100 gram bars
- 1 kilo gold bars
- Silver 1 oz American Eagle
- Silver 1 oz Canadian Maple Leaf
- 1 oz Rounds
- 1 oz Silver Austria Philharmonic
- 1 oz Silver Panda
- Silver Bars
- $20 Gold - St. Gaudens
- $20 Gold - Liberty
- $10 Gold - Indian
- French 20 Franc
- Mexican 50 Peso
- Swiss 20 Franc
- Austria 4 Ducat
- British Sovereign
- Morgan Silver Dollar
- Peace Silver Dollar
- 90% Silver US Coins
Rounds, Bullion Coins, and Bars
Not all gold and silver coins and rounds are the same. Minted coins from the U.S. Mint, Canadian Mint, and other country-backed mints will have a face value denomination for their coins. When there is a face value it is called a coin.
If you have a round, that is a coin that has no face value. The round may be made of a similar 1 troy ounce size and have the same silver .999 fine content. Rounds are minted by non-government mints and are easily tradable, but their value is based on the spot price of gold or silver. The United States has several private mints and their rounds and bars can be found on the market to purchase or to sell.
Bullion is a term that is often confusing to investors and readers alike. Bullion is defined as gold or silver in bulk before coining or valued by weight by the Oxford Languages Dictionary. The U.S. Mint coins several coins under the term Bullion. These coins have a different minting process from those of Proof Coins and are valued more as investment grade gold or silver versus finished grade. The Proof Coins are found for sale on the U.S. Mint website, but you cannot purchase bullion coins on their site. Bullion coins must be purchased from retailers like Augusta Precious Metals or American Precious Metals.
Gold and Silver Bullion Coins are more readably available and the price of these coins is tied to the Spot Price of the metals at the time of purchase or sale.
Bars are typically found in Gold and Silver. Many bars are poured and minted by private mints. The gold or silver content is stamped on the bar along with the mint information. Not all bars qualify for gold or silver IRAs. But, many investors in gold and silver will purchase bars versus coins or rounds as they come in larger sizes than the coin.
Pros and Cons
Is American Precious Metals, Inc. a Scam?
No, APM is not a scam business and they are credible for the purchase and sale of coin collections, IRA gold or silver, Numismatics, and more. Having a small location and similar name can sometimes interpret a scam or fly-by-night business. That is not the case with American Precious Metals who is located in Phoenix, AZ.
APM is a family-owned and operated business that offers:
- Competitive Prices
- Prompt Delivery & Payment
- Volume Buyers & Sellers
- Estate & Collection Appraisals
- Certified Coins Available
- Precious Metals IRAs
APM wants nothing more than to be "our client's most reliable and trusted precious metals broker."
Jerry Williams started American Precious Meals in 1994 after a long tenure in the securities industry and study of precious metals. Accompanying Jerry is Courtney Williams Svendsen a licensed CPA and graduate of Arizona State University. After spending 10+ years working in auditing and as a controller, Courtney joined her father in the family business. Joining the team is Dave Platteter who has a background in engineering, manufacturing, and distribution. A member of the American Numismatic Association and the Rochester Numismatic Association, Dave brings education to his passion for coins at APM.
American Precious Metals is a member of the BBB (Better Business Bureau and has seven customer reviews and 5 ratings. No business complaints are noted and the business has been accredited since February 16, 1995.
In the Google Business Profile for APM there are 32 reviews with a 4.4-Star Rating. Predominant reviews indicate good experiences with American Precious Metals. There are a couple of reviews that indicated phone prices were given and actual prices, once in the store, were less. This can be confusing to people as verbally giving a ballpark range and appraising the piece may provide different results.
As an investor looking for a viable source to buy and sell gold and silver coins, rounds, or bars, I would suggest American Precious Metals in Phoenix, AZ. If you are local, stop by their location to check out their stock, and if you are national give them a call to see what's in stock. The product available will change at times, but for those looking to invest in their IRA, APM has gold and silver bullion in stock.
Cash Buyers this is a good place for your rare coins and Numismatics. Having a team that is trained and educated on the rare coin market is important when dealing in the precious metals field. If you would like to get more information on American Precious Metals in AZ click here to be taken to the website.
The Plug recommends that all investments and companies be reviewed and understood deeply before you choose to buy, sell, or invest. As an investor do your own due diligence and make sure you fully understand before you invest. No company, not even The Plug, can determine the future of the value or price of precious metals. Therefore, having a complete understanding will help you be more comfortable in your decisions.
The Plug offers several Gold IRA companies to choose from if you are looking to invest or roll over your IRA or 401(k). You may be interested in our review of the Best 5 Gold IRA Companies. While these companies are IRA specialists, they also will sell you gold and silver outside your IRA for CASH and send the precious metals to your door or a depository of your choice.