Since 1995, International Precious Metals (IPM) boasts that they have been a trusted gold, silver, platinum, and palladium seller helping clients capitalize off precious metals investments via their highly-experienced, friendly, low-pressure sales team.
Our review of International Precious Metals in a few words
Company name: International Precious Metals
BBB grade: A+
Summary: For a precious metals company that specializes in both U.S. and foreign modern and rare coins and more, we recommend you consider International Precious Metals as your one-stop shop.
The company has more than 30 positive customer reviews on the Better Business Bureau site and Google Reviews that boast of their superior service and knowledgeable help. And they also work with IRA investors and offer a guaranteed buyback program to help make it easier to sell your precious metals when you are ready.
Our score: 4/5
Should you work with IPM in 2023?
We understand how difficult it is to choose a reliable precious metals company to work with. For that reason, we created a list of gold IRA dealers that we think are best to avoid. Click on the button below to make sure International Precious Metals isn’t one of them and discover our top 3 recommendations for this year.
Full-Service Asset Management Company
IPM states that it not only provides its clients with unique market knowledge to understand the many financial benefits of investing in precious metals but that it also provides them with the valuable tools and a vast selection of products to achieve their investment objectives.
This way, they benefit from full-service precious metals management all in one place.
Personalized Investment Strategies Based on Your Investment Risks and Financial Goals
The company states that it is their goal to help minimize their clients' risks using their tried and tested strategy for investing in precious metals.
Their investment strategies are also customized according to the individual client's goals and risk tolerance.
They state that their wide product offerings also enable you to choose the best ones based on your investment interests, whether it's to increase your equity or maintain it.
Guaranteed Best Prices
The company also promises that their precious metals are available at the lowest prices so that investors of all backgrounds have the opportunity to own them.
They also guarantee to meet or beat any price quoted elsewhere.
IPM also states that if they fail to meet their price guarantee, you will receive a Silver Eagle coin on them.
Buyback or Trade Gold, Silver, Platinum, Rare Coins, Rounds, and Bars
To provide their customers with even more convenience, the company also guarantees to repurchase any gold, silver, platinum, or palladium products they sell at the current buyback price with no questions asked.
Or, if you are looking to simply trade your IPM-bought precious metals with the company, they state that that will also allow you to do so.
Internation Precious Metals’ pros:
They Are One of the Largest and Most Recognized Nationwide Dealers of U.S. Coins and More
International Precious Metals boasts that thanks to the continued support of their satisfied customers, they are now one of the largest precious metals companies in the industry. They add that they are also one of the most widely known dealers of U.S. Mint coins in the nation.
In the meantime, investors looking for hard-to-find U.S. Gold and Silver pieces also don't have to worry because the company states that it is also a leading seller of rare and historic precious metals that are not easily available on the market due to their professional affiliations with other prominent leaders in the industry.
The company boasts that they are also proud members and associates of some of the most respected precious metals associations and one of only a few businesses in their field to be a notable National Dealer in official United States Mint literature.
They Offer Coin Buying Assistance for Investors and IRA Planners
As a client of IMP, you will also benefit from their expertise in buying and investing in various coins, including pre-1933 coins, foreign bullion coins, MS 70 coins, and any other rare, numismatic, or U.S. Mint coins you are interested in adding to your portfolio.
They state that they also provide trained help for selecting IRA precious metals that help you meet your retirement goals.
In essence, their goal is to be their clients' best source of knowledge and assistance for buying gold, silver, platinum, and palladium.
Free Blog On Their Site for Supplemental Learning at Your Convenience
Though you will be provided with expert knowledge for investing in precious metals by IPM's experienced professionals when you contact them, the company also has a blog section on their site where you can learn even more about the precious metals industry on your own time for more confident investing.
Some of their blog topics include how investing in gold helps hedge against inflation, a guide to collecting ancient coins, how to trade coins, and more.
And then, once you have purchased your precious metals, you can also use the blog to keep up on the latest market news to keep track of the various factors affecting their performance.
The company also provides daily live spot prices on their site to help you track precious metals prices for the best time to invest for the greatest ROI.
You can also sign up for their exclusive emails and offers as part of their free investment resources.
Regular Account Statements
Once you have purchased your precious metals, your custodian will receive ongoing account statements that show their estimated market worth based on the bullion value of the coins, which helps you avoid certain fees.
Any IRA reporting that is required by the IRS will also be handled by your chosen custodian on your behalf.
Their Fees Are Listed on Their Site
International Precious Metals promises that as part of their commitment to building a trustworthy relationship with their clients, they are also transparent in their fees, which are included on their website.
Some fees you can expect when you open an account with the company are as follows:
- An account set-up fee of approximately $100 for the first year, depending on your chosen custodian.
- Annual fees of between $50 for smaller accounts and $500 for larger accounts.
- $0 commission costs added to the fees paid to your trust company.
Their cons:
No Preferred Custodians or Depositories Listed on Their Site
Your custodian is required by the IRS to facilitate the buys of your gold, silver, platinum, and palladium for you to fulfill the requirements of a precious metals IRA.
So, typically, whichever precious metals company you work with will provide you with a list of custodians they have vetted and prefer to help make it easier for you to choose one.
However, IPM does not state which custodians they work with on their site; therefore, you will have to contact them to find out.
The IRS also requires you to store your gold, silver, platinum, and palladium in a secure depository for safekeeping until you retire, which, again, your precious metals company will usually also provide you with a list of to help make it easier for you to find a reputable one.
But, International Precious Metals also does not include a list of IRS-approved depositories they work with on their site, so be sure to also inquire about which ones they work with when you contact the company.
It is also a good idea to still research their chosen depositories to find the one with the best fees, storage options, and location for you.
No Minimum Investment Requirement Listed With Their Fees
Many precious metals companies have a minimum investment requirement to open an account with them, which helps you know right away if their initial purchase limit may be out of your budget. This way, you don't waste time contacting them to move forward with the investment process.
However, International Precious Metals does not include its minimum required investment in its list of fees on its site. Hence, again, you will have to contact them to find out.
But to make it easier, the company states that you can also contact them via email or their website's chat feature, which helps save time and awkwardness.
Is International Precious Metals a Scam?
What We Found With the BBB
After conducting various online searches for information regarding International Precious Metals being a scam, we came across a link to their Better Business Profile page.
Hence, we clicked on it to check it out and found that the company is BBB accredited and holds the organization's highest A+ rating.
This means International Precious Metals passes the BBB's various standards of ethics and more for their reasonable business practices and is, therefore, not likely a fraudulent company.
They also have a 5-star customer rating with the BBB, which means the consumers who left testimonies of the company on their site also agree that they are a real business.
What We Found With the Attorney General and Other Government Sites
We also skimmed the search results for any complaints of International Precious Metals being a scam on the Attorney General and other government sites and found no official lawsuits or complaints filed against them for being a fraud.
What We Found With Other Reputable Consumer Feedback Sites
Truslink, Trustpilot, Business Consumer Alliance, and Yelp are all also well-known places to learn if any customers have experienced dishonest services with a company.
So we also checked each of their web pages to see what their customers had to say about International Precious Metals being a deceitful business and found no testimonies for them on either of the sites.
However, they do have customer comments on Google Reviews, where we found of the 29 testimonies, none stated they experienced dishonest business practices with the company.
How is Their Customer Support?
What International Precious Metals Says About Its Customer Support
International Precious Metals states that they do their best to provide their clients with fast, personalized services and the best products and prices for great customer support.
What BBB Customers Have to Say About International Precious Metals' Customer Support
We found 3 customer reviews on International Precious Metals' BBB page, all of which were positive, stating the service they received was professional and honest and that their team and management looked out for their best interests.
One reviewer also added how resourceful the company was at obtaining the coins they wanted.
What Google Review Customers Have to Say About International Precious Metals' Customer Support
International Precious Metals also has 29 positive customer comments on Google Reviews.
One customer on the site stated how beyond courteous and courteous the company's representative was and how quick they were to get back to them and answer all their questions for a great client experience.
Another customer stated how very pleasant their online chat experience was with the company and how they were able to complete their transaction in just two steps.
We also found many other consumer reviews that shared how knowledgeable and helpful the staff at International Precious Metals was and how they helped make the buying process smooth and quick, which made for an excellent customer experience.
What Customers on Other Consumer Review Sites Have to Say About International Precious Metals' Customer Support
Again, we were unable to find any customer testimonies for International Precious Metals on Trustlink, Trustpilot, Business Consumer Alliance, or Yelp.
But from the company reviews we were able to find, it sounds like the masses agree that International Precious Metals definitely follows through on its word to provide its customers with great support and products.
Has There Been Any Complaints About International Precious Metals?
International Precious Metals Complaints With the Better Business Bureau
The Better Business Bureau is one of the first and most reputable sites to find customer complaints about a company. Hence, we checked the company's BBB profile page and found 3 positive customer reviews and no complaints.
International Precious Metals Complaints With the Attorney General
The Attorney General and other .gov sites are also excellent places to find complaints about a company because they allow you to see if any state or federal officials themselves have any issues with the business that resulted in a lawsuit against them for their illegal acts.
However, after checking various .gov sites, we found no official complaints or lawsuits filed against International Precious Metals with any of them.
International Precious Metals Complaints on Other Reputable Consumer Review Sites
We also checked for consumer complaints against the company on Trustlink, Trustpilot, Business Consumer Alliance, and Yelp and found no customer reviews or complaints on either of the sites.
However, after checking for customer complaints for International Precious Metals on Google Reviews, we found that one user complained that the company advertises they have a physical location but that it does not exist and that the only way to interact with them is online.
Conclusion
They Offer a Wide Range of Precious Metals Products to Suit Different Investment Goals and Risks
There is nothing more frustrating than being forced to invest in the same old assets as everybody else when that's just simply not your investment or collector's goal or what fits your budget.
So the first thing that stood out to us about International Precious Metals is they offer a wide range of modern, rare, and historical precious metals pieces to suit investors of all kinds, including IRA investors, which we love.
We also love that the company boasts that they also work with various other reputable businesses and associations in the industry. So even if you don't see what you're looking for on their site, they may still be able to obtain it for you via their outside resources.
Their Investment Strategies are Customized to Suit Each Investor
We love that International Precious Metals states that they take time to understand each of their client's financial goals in order to provide them with the best investment strategy for their vision.
Because just like not all precious metals suits all investors' preferences, neither do all investment strategies.
This way, you can feel more confident about your investments, knowing they are chosen specifically for your needs.
Their Fees are Listed on Their Site
International Precious Metals are also transparent in its fees, which are included on its site. However, it doesn't state their minimum required investment, which would also be nice.
It would also help if they listed their preferred custodians and depositories on their site, which is also important to know to determine if they are the right precious metals company for you.
But they do make it easy to contact them for the answers to these and all other questions via their email or online chat, so it helps you avoid the awkwardness and time consumption that can come from simply calling the company.
They Have a Guaranteed Buyback Program
The company also guarantees to buy back the precious metals purchased from them at the buyback price, which we love because it helps ensure you will have a seller when you are ready to sell your assets, which is also important.
Lots of Customer Reviews and Only One Complaint
We were also impressed that International Precious Metals has over 30 customer reviews across at least two different consumer feedback sites and only one customer complaint, which involved a location issue rather than a complaint about their actual service.
So, overall, we can gladly recommend International Precious Metals as a company you should consider when looking to purchase gold, silver, platinum, and palladium modern, rare, and historical pieces for your investment portfolio.
Would you rather invest in silver?
>> Click here to take a look at our curated list of the most reputable silver IRA companies. <<
4/5