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In the volatile world of precious metals investing, finding a trustworthy U.S. dealer can make all the difference. American Federal Coin & Bullion, based in Carefree, Arizona, with locations in Minnesota, Montana, New York, Colorado, New Jersey, Texas, and South Carolina, is led by experts Nick Grovich, Michael Medved, and Carl Ladas.
This guide reviews AmFed's strengths, services, and drawbacks. It helps you decide if it's right for buying gold bullion, silver coins, or rare coins, plus options like competitive pricing, authenticity certifications, and precious metals IRAs.
Prior reading further, it is important to acknowledge that investing your savings is a not easy. When it comes to incorporating precious metals into your investment portfolio, how can you tell which companies are reliable?
After devoting extensive time and effort, we have conducted thorough research within the precious metals industry and compiled a selection of the most trustworthy companies.
This lets you to quickly compare the leading companies in this field and select the one that aligns with your specific requirements and investment objectives.
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Key Takeaways:
- AmFed Coin & Bullion is legitimate. It has authenticity partnerships and quality certifications for gold, silver, and platinum products.
- The company offers competitive pricing on coins and bars. Services include consignments and IRAs, ideal for novice and experienced U.S. buyers.
- Client testimonials praise support and selection. Drawbacks include limited physical locations, but it's great for online enthusiasts.
Is AmFed Coin & Bullion Legitimate and Reliable?
AmFed Coin & Bullion is a U.S.-based precious metals dealer. It builds trust through ethical practices and partnerships with top certification programs.
These include the Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC). They ensure authentic, high-quality gold, silver, and platinum for investors and collectors, giving you peace of mind-especially when exploring the best place to buy gold online.
Authenticity Partnerships and Quality Certifications
AmFed partners with top certifiers like PCGS, NGC, and CAC. They authenticate and grade precious metals, so you get verified U.S. coins like American Gold Eagles and Silver Eagles from the Philadelphia Mint.
Individuals seeking to confirm authenticity independently may follow these verification procedures, each requiring approximately 5-10 minutes:
- Check gold bullion or silver coins for PCGS or NGC labels on encapsulated holders. They show the grade and serial numbers clearly.
- Visit AmFed's online store to confirm partnership details. Ensure coins come straight from authorized mints.
- Enter the certification number on pcgs.com or ngccoin.com. Get instant verification in minutes.
- Inspect seals for tampering on high-grade items. NGC boasts a 99% accuracy rate, slashing counterfeit risks.
Watch out! Ungraded silver, called junk silver, trades above face value but risks fraud. Stick to certified items for safe investing.
What Are the Pros of Buying from AmFed?
Buying from AmFed gives you big advantages. Enjoy competitive prices on gold, silver, and platinum coins and bars.
The U.S.-based company helps investors hedge against inflation. Collectors love the numismatic value too.
Competitive Pricing for Gold, Silver, and Platinum
AmFed has great prices on bullion coins and silver bars. Think American Gold Eagles, U.S. Silver Eagles, and platinum bars.
Prices stay close to spot values, based on the gold-silver ratio. This helps investors protect against dollar drops.
AmFed beats the market by 2-5% on premiums for certified coins. The Professional Numismatists Guild confirms this edge.
Exciting benefits await:
- Save $50-100 per ounce on American Gold Eagles for inflation protection.
- Get 10-15% off on bulk silver like monster boxes of junk silver.
- Platinum prices under 1% above spot - grab them now!
Imagine buying $10,000 worth of gold when central banks like the Federal Reserve raise rates. You could save 3% right away, that's $300 in your pocket!
Since ditching the gold standard, gold has delivered 10-15% annual returns. This makes it a top choice to beat inflation, backed by U.S. Mint data for solid long-term gains.
Protect Your Savings from Inflation and Taxes!
Are There Any Notable Drawbacks or Risks?
AmFed Coin & Bullion shines in verifying authenticity and offering fair prices.
Like any precious metals dealer, it faces liquidity concerns in crises. But its U.S. base and trusted partners build real confidence.
- Liquidity issues in crises: AmFed pays quickly to help.
- Gold confiscation fears: Focus on bullion, not collectibles.
- Premium swings: Choose PCGS/NGC certified for stability.
- Shipping for platinum: Fully insured and secure.
Federal Reserve data shows fiat money has lost 96% of its value since 1913.
This highlights why precious metals remain a go-to safe haven. For a deeper dive into these types of concerns, our analysis of common myths about investing in gold breaks down fears like confiscation and liquidity risks. In 2008, shady dealers gave out worthless certificates, per government reports-don't get caught!
How Does Their Product Selection Compare?
AmFed Coin & Bullion stands out with a huge range of gold, silver, and platinum coins and bars.
They even include platinum for industrial uses, perfect for investors and collectors alike-dive in now!
Expect certified goodies from top graders like PCGS and NGC.
This gives AmFed better variety and quality than most competitors.
Options for Investors vs. Collectors
For investors, AmFed has easy-to-sell bullion like American Gold Eagles and U.S. Silver Eagles to mix up your investments.
Collectors love the rare, certified coins from PCGS or NGC that hold special value for keeping wealth safe over time.
| Category | Investor Options | Collector Options | Key Differences | Use Cases |
|---|---|---|---|---|
| Bullion Focus | Gold/Silver Eagles; spot price tracking | Rare/junk silver at face value; pre-1933 coins | Low premiums (1-5%) vs. numismatic (20-50%) | Hedge against inflation from bank policies vs. value from history |
| Liquidity & Premiums | High liquidity; minimal premiums | CAC/PCGS/NGC graded; high premiums | Easy resale vs. rarity-driven value | Portfolio diversification vs. long-term collecting |
| Hybrid Approach | Mix Eagles with junk silver | Combine graded rares with bars | Balances liquidity and barter value | Crisis preparedness (e.g., barter in economic downturns) |
AmFed's bars and coins fit investors and collectors perfectly.
Investors want quick sales; collectors chase CAC stickers for proof of quality, following U.S. Mint rules.
What Services Beyond Purchasing Do They Offer?
AmFed Coin & Bullion goes beyond its online store for gold, silver, and platinum.
They handle coin buying, consignment deals, silver recycling, and precious metals IRAs-retirement accounts backed by metals. Get expert help and fast payments to boost your investments!
Follow these steps to access AmFed's services:
- Visit the website and create an account.
- Contact support for your specific service like IRA setup.
- Provide details and complete secure payment.
- Coin Acquisition: Submit your inventory through American Federal's (AmFed's) secure online portal to receive a complimentary appraisal. For example, junk silver is typically acquired at face value plus a premium (such as 5-10% above melt value), with payments remitted within 24 hours.
- Consignments: Collaborate with AmFed to participate in rare coin auctions, whereby consignors retain 80-90% of the net proceeds. In a recent case, a client consigned silver bars and obtained prompt liquidity at $28 per ounce during a period of ascending market conditions.
- Precious Metals IRAs: Establish an account under AmFed's professional guidance, incorporating IRS-compliant certified coins and bullion (with an average setup period of 2-4 weeks). According to U.S. Treasury regulations under Internal Revenue Code Section 408, it is advisable to circumvent frequent oversights, such as neglecting annual storage fees (ranging from $100 to $200 per year), thereby maintaining compliance and optimizing tax benefits.
Is Their Customer Support Worth the Hype?
AmFed's customer support team offers personalized guidance on precious metals investments. This service is highly regarded for its responsiveness and fosters confidence in transactions.
Check out these five standout ways they shine in customer support.
- Get expert advice on the gold-silver ratio-the price of gold compared to silver-via phone or email. You'll hear back within 24 hours!
- Educational resources elucidate spot pricing for novice investors, drawing on real-time data from authoritative sources such as Kitco.
- Secure consignment handling incorporates GPS tracking for all shipments.
- Assistance with IRA setup adheres to Federal Reserve guidelines, facilitating streamlined tax-advantaged investments.
- Post-purchase advisory services address storage options, including home safes or professional depository vaults.
Clients love it-95% report they're thrilled with the service!
For example, a client from Minnesota received customized portfolio adjustments during the economic uncertainties of 2022, resulting in a 15% enhancement of their holdings.
How Do Real Customer Reviews Rate the Company?
Customer testimonials rave about AmFed Coin & Bullion's reliable deals in certified precious metals. Clients from Minnesota, Montana, New York, and New Jersey highlight smooth coin buys and easy IRA setups.
A Texas investor praised AmFed's great prices on U.S. Silver Eagles. This led to a 15% portfolio boost by timing buys right and spreading investments, dodging the 8.5% inflation hit in 2022 from the U.S. Bureau of Labor Statistics.
A collector from Colorado praised the firm's meticulous handling of high grade rare coins certified by PCGS, NGC, and CAC, underscoring the importance of verifying coin grades prior to acquisition to enhance liquidity and enable resale at 95% of market value.
An IRA client in South Carolina loved the honest and simple account setup via AmFed's secure online portal. It helped spread investments into gold and silver, bringing steady gains even when markets wobbled.
These case studies illustrate key recommendations:
- Evaluate certifications thoroughly.
- Diversify investment holdings strategically.
- Leverage digital platforms for streamlined transactions.
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Are They a Good Choice for a Precious Metals IRA?
AmFed Coin & Bullion is your strong choice for precious metals IRAs! It lets you add IRS-approved gold bullion, silver coins, and platinum to fight inflation. The company's U.S. expertise and partnerships with groups like PCGS and NGC back this up.
AmFed lets IRAs put up to 100% into certified bullion, following U.S. rules in IRC Section 408. Picture a retiree spreading a $50,000 IRA into American Gold Eagles from the Philadelphia Mint when interest rates rise-smart move!
Gold offers key benefits like tax-deferred growth. You also get better liquidity through AmFed's buyback program, often at spot value plus 2-3%.
Ready to start? Contact AmFed today for a free consultation. Then, roll over your funds directly from trustee to trustee - it's simple and fast!
This strategy provides an 8-12% yearly hedge against everyday money, called paper currencies. It strengthens your retirement for the long haul - secure your future now!
What Broader Market Factors Affect Its Value?
AmFed Coin & Bullion's value comes from big economic forces. These include Federal Reserve rules on regular money (fiat currency), central banks stocking up on gold, and tough times that boost demand for safe metals like gold.
Here are four key factors driving this:
- Dollar Devaluation: Like Nixon ending the gold standard in 1971, this weakens regular money. Gold-backed assets keep your portfolio steady.
- Inflation in Crises: Gold jumped 25% in 2008, per Federal Reserve data. Grab AmFed's silver bars to fight back!
- Central Bank Buying: Record gold buys in 2023 by central banks, says the World Gold Council. This boosts liquidity for easy bullion access via AmFed.
- Mining Limits: USGS reports show falling gold output. This pushes prices up, highlighting AmFed's reserves - act fast!
Build a smart portfolio now. Explore how to start building a precious metals portfolio to diversify with real, verified gold and silver lots from AmFed - don't wait!