Kevin Ashton
Hey there, welcome to my American Coin Co. review.
Today, we’ll look at the rebranded version of Red Rock Secured. They faced several legal disputes in the past and have now renamed themselves to increase their market reach.
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Investors have always looked to precious metals like gold and silver as safe-haven assets amid financial crises. Years of value protection are provided by these tried-and-true assets. Precious metals you invested in therefore have your back (and wallet) when it comes time to sell your assets in order to achieve financial security in a faltering economy.
After reviewing 100+ finance companies, I heartily endorse using a precious metals IRA account to support retirement. However, choosing the right one is crucial for any investor.
Selecting the wrong gold IRA company can affect your savings.
That’s why I recommend researching thoroughly before making a final decision.
Investigating the offerings of a precious metals investing firm is crucial to making an educated choice. I shall go into great detail about American Coin Co. in my review. Check if American Coin Co. fits your investing objectives by reading on.
The Best Gold IRA Companies In 2024
Before I get started with this review, I want to inform you that I have reviewed dozens of precious metal IRA companies over two decades, and I have curated a list of the top 6 gold IRA companies in 2024. I highly recommend reading this article before proceeding with an IRA transfer.
The #1 Best Gold IRA is Augusta Precious Metals, with its A+ rating from Better Business Bureau, hundreds of 5-star reviews, and lifetime account support. Read my review on Augusta Precious Metals, or visit the official Augusta website to learn more.
About American Coin Co.
American Coin Co., formerly known as Red Rock Secured, rebranded and is now headquartered in Spokane, Washington. Under new ownership, the firm helps investors open self-directed IRAs and ships precious metals to safe depositories all throughout the country. Not to add their help moving over your present 401(k)s or IRAs into precious metals like silver or gold.
American Coin Co. offers real-time price charts, free consultations, and the newest news as well as educational material for investors on their website. By giving investor education first priority, the organization takes a customer-centric approach through these limitless instructional materials.
Though numerous businesses in this sector make the same promise, American Coin Co. has demonstrated to me that they live up to their word by providing current training materials and ongoing expert assistance. It became evident from this that American Coin Co. offers superior IRA investing options than some of its rivals.
My own experience with them was quite good, to be honest.
However, I strongly suggest browsing multiple options before finalizing your choice.
After all, investing your retirement savings is a major decision. You should research thoroughly.
For example, some prominent companies that put a lot of emphasis on client education include Preserve Gold, Advantage Gold, and Noble Gold.
American Coin Co. Products:
I found the product catalog at ACC to be quite intriguing. The company offers you a decent selection of IRA-eligible products. These include:
Gold Products
American Gold Eagle Coins
- Bullion Coins: Widely recognized and popular among investors.
- Proof Coins: High-quality finish, suitable for collectors and investors.
Canadian Gold Maple Leaf Coins
- Known for their purity and security features.
American Gold Buffalo Coins
- Made of 24-karat gold, offering high purity.
Austrian Gold Philharmonic Coins
- Famous for their beautiful design and high gold content.
Australian Gold Kangaroo/Nugget Coins
- Annual changing designs make them popular among collectors.
Gold Bars and Rounds
- Produced by NYMEX or COMEX-approved refineries or national government mints, meeting minimum IRS fineness requirements.
Silver Products
American Silver Eagle Coins
- Bullion Coins: Official silver bullion coin of the United States.
- Proof Coins: Higher quality finish, suitable for collectors.
Canadian Silver Maple Leaf Coins
- Renowned for their purity and security features.
Austrian Silver Philharmonic Coins
- High purity and beautifully designed.
Australian Silver Kookaburra Coins
- Known for changing designs and high purity.
Mexican Silver Libertad Coins
- Iconic design featuring the Angel of Independence.
Silver Bars and Rounds
- Produced by NYMEX or COMEX-approved refineries or national government mints, meeting minimum IRS fineness requirements.
Requirements
- Purity:
- Gold must be 99.5% pure.
- Silver must be 99.9% pure.
- Platinum and Palladium must be 99.95% pure.
- Condition:
- Coins must be in mint condition and in their original packaging with certificates of authenticity.
- Bars and rounds must meet exact weight specifications.
Even though American Coin Co. offered few investing possibilities, I was not let down by their overall IRA-related services. I had complete support from American Coin Co. with my IRA investments, from a free investment consultation to a thorough explanation of how they operate.
Best part? Not just awareness and inquiry are part of their specialist IRA investing services. Rather, it covers lifelong account services for clients and a hassle-free investing procedure.
I was surprised to see such professionalism in such a young company. The industry experience of their team shows in how they handle queries and problems.
American Coin Co. Fees and Pricing:
The absence of price information at American Coin Co. is one disadvantage of their hassle-free investment method. The firm claims on its website to offer free shipment of the precious metals and to incur no administration costs.
Ninety percent of their clients are qualified for free lifetime treatments, they add. Furthermore, opening and funding an IRA with a respectable custodian has no hidden costs.
All these are fascinating information, but I couldn’t help but notice that their website doesn’t have any clear cost information. This drawback prevented me from comparing American Coin Co. to other rivals, unlike the firms I invested in over the years.
Best Gold IRA Companies I’ve Worked With Yet (In 2024)
If you’re seriously looking to invest in precious metals or open a gold IRA, these are the companies I believe you should go with. My experiences with all 3 of them have been excellent.
Augusta Precious Metals (Best for Investments Over $50,000)
Augusta Precious Metals ranks as the #1 gold IRA company in the US. And that’s for good reason.
They have some of the best product catalogs with gold, silver, platinum, and palladium products to offer. But the main highlight is their dedicated web conference and the added focus on client education.
Augusta has an A+ rating on BBB, 1000+ client testimonials, and has been awarded “Most Transparent Company” in 2023 by Investopedia.
No other company puts as much focus on educating their clients about the different aspects of gold IRAs as they do.
My own experience with them was amazing to say the least.
However, their minimum investment requirement is $50,000 which limits the number of people who can open a gold IRA with them. Still, if you have the budget, you shouldn’t look elsewhere.
Goldencrest Metals (Best for Gold Investments)
Run by an actual financial advisor, Goldencrest Metals is another reliable name in the gold IRA industry.
Although they seem new, the team behind the company has been in the finance sector for decades. You would be surprised to see the level of expertise and knowledge these guys have.
My interaction with them was eye-opening. I learned a lot about precious metals through Goldencrest Metals.
That’s why they are my 2nd best suggestion for those interested in gold IRAs.
Preserve Gold (Best Customer Support)
Preserve Gold is a well-established name in the precious metals industry now.
I have talked to several of their clients and all of them praise their excellent support staff. The level of attentiveness and care I noticed there was surprising.
Preserve Gold is one of the few companies that, I can say with confidence, are 100% client-focused.
You’d love to talk to them if you’re new to precious metals investing.
Storage and Shipping at American Coin Co.
One notable highlight of this company is they offer insured shipping. Also, they claim that they are partnered with several reputed depositories to offer secure storage to investors.
The firm distributes your precious metals IRA so you may keep them yourself at an IRS-approved location in addition to providing third-party depository services. Furthermore, this shipping service is guaranteed and totally free.
Sadly, the American Coin Co. website makes no reference of the depositories and third-party storage facilities the business collaborates with. Talking with their customer service, I learned that American Coin Co. allows you to choose from among the best depositories in the nation to store your valuables.
Remarkably, they also provide insurance through Lloyd’s of London, which guarantees security for all orders up to $1 billion. You know American Coin Co. has your funds well safeguarded.
While talking about their unique qualities, I can’t forget to mention their price guarantees.
More on that in the following section:
What are The Price Guarantees?
The price protection program is one thing that really distinguishes American Coin Co. and has given me peace of mind in practical situations. They helped me make a recent gold and silver investment, but sadly, the market suddenly fell in value after just seven days.
But I was able to make up the value difference because of their amazing price protection program. They made up the price difference with quick delivery of more metals. Note that this priceless service is limited to authorized investment accounts, which is another strong argument to think about investing in precious metals with American Coin Co.
American Coin Co. is notable, last, for its transferable buyback program. Any precious metals you bought from them before are bought back by them when you’re ready to sell your possessions. When they purchase back from clients, they provide the going market value.
Free Resources for Investors
At American Coin Co. you’ll find a large variety of investing resources ranging from price charts to blogs.
The company puts a lot of effort into educating its clients about the various nuances of precious metals investing.
Knowing the latest developments and news in the precious metals market always enables you to make wiser investment choices, regardless of your level of experience. Through its news and blogs area, American Coin Co. provides investors with the identical.
This area includes information on the fundamentals of investing in precious metals as well as professional industry analysis, the most recent news, political developments, and more.
Similarly, the company shares the latest price charts for those who want to stay up to date on market trends.
Though the organization does not provide investing alternatives for platinum and palladium, all precious metals are covered in the price chart area.
Investors who wish to monitor the history and current price movements of the precious metals to ascertain the optimal moment to enter the market will find this very beneficial.
American Coin Co. Reviews and Complaints
While researching for my review, I didn’t find many American Coin Co. reviews.
However, it’s worth highlighting that they are a relatively new company. The company has only been in the industry for a few years.
American Coin Co. has varying ratings on different review platforms:
- Better Business Bureau (BBB): American Coin Co. holds an A+ rating, which is the highest possible. However, it is important to note that the company is not accredited by the BBB and has no customer reviews or complaints listed on the site.
- Bullion.Directory: The company has an A+ rating and one customer review, which gave them a 5 out of 5 stars. The review highlighted their exceptional customer service and smooth transaction processes.
- Consumer Affairs: They have a 5 out of 5-star rating on the popular consumer platform. However, it’s based on only one customer review.
Overall, while American Coin Co. has high ratings where available, the number of reviews is limited, particularly for newer companies. It’s always a good idea to consider multiple sources and reviews when evaluating a company.
Hopefully, the company will get more reviews as it grows its business and brand.
At the time of writing this review, I only found one customer feedback:
According to the reviewer, the bullion dealer offers amazing customer service. Also, they point out that the company put extra effort into ensuring everything went smoothly.
This is a great sign. It shows the company is putting its customers’ interests above its own.
I’m confident that we’ll see many positive American Coin Co. reviews in the future.
Moreover, their staff is very friendly and focuses heavily on addressing the clients’ issues. So, there’s very little chance of seeing any significant American Coin Co. complaints.
Conclusion
American Coin Co. offers several exceptional services in addition to full industry assistance for precious metals IRA investments. For investors wishing to properly safeguard their retirement assets in particular, the organization is worth considering because of all these aspects.
Like any other well regarded business, American Coin Co. does, however, have certain drawbacks that should not be disregarded. Their lack of openness about price and absence of internet reviews in particular give cause for concern. Considering an investing partner’s history—often shown by client testimonials—is crucial.
Still, before you invest with any gold IRA company, you should browse your options. I have reviewed 50+ gold IRA companies on my blog here. Please check them out and then make an informed decision.