American Rareties Reviews - Know Before You Invest

  • American Rareties supplies gold and silver to a number of refineries and mints, including the US Bureau of Engraving and Printing.
  • American Rareties is a gold and silver mining company based in Toronto, Ontario, Canada.
  • The company produces gold and silver bullion bars, which are purchased by a number of large buyers, such as the US Mint, Royal Canadian Mint, and Perth Mint.

American Rareties, headquartered in Toronto, Ontario, Canada, is a mining company focused on gold and silver in North and South America. American Rareties was founded in 1993 by joint-venture partners Frank Craig, William Plummer, and John Thompson, who continue to be major shareholders in the company today. Craig, Plummer, and Thompson started the company after observing a sharp decline in gold production in Mexico, which forced them to import gold from elsewhere.
American Rareties supplies gold to a number of major refineries and mints, including the US Bureau of Engraving and Printing. It also produces silver bullion bars, which are being purchased by a number of large buyers, such as the US Mint, Royal Canadian Mint, and Perth Mint.



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American Rareties Overview

American Rareties, founded in 2005, is a U.S. based precious metals dealer, offering gold and silver bullion, coins, and bars. The company is located in Miami, Florida. American Rareties offers competitive pricing and fast shipping.
The company operates on a "buy and hold" model, under which it purchases precious metals from well-known refiners. American Rareties then sells the metals to its clients at market prices. American Rareties does not actively trade these metals, nor does it use leverage, instead opting to focus on client acquisition and retention.

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american rarities reviews

Pros Explained

Pros:
The gold bar is .9999 pure, so it contains more gold than standard bars. This gives investors more liquidity, and it's ideal for investors who want to save money on premiums because of the high purity.

Cons:
The gold bar is smaller compared to other gold bars because it contains less gold.

American Rareties Reviews - Know Before You Invest

Cons Explained

Since American Rareties is a private partnership, it is not subject to the same rules and regulations as public companies. This lack of oversight means that there may be no regulatory agency that monitors its activities. As such, investors should expect there to be limited or non-existent disclosures about its business practices, as well as limited recourse for investor complaints.

Available Investments

American Rareties only offers one investment product: the Rare Coin Premium Fund.
Investment Objective
The fund's objective is to provide investors with quarterly income distributions and capital appreciation by investing in rare coins.
Fees and Expenses
American Rareties charges a management fee of 1.50%.
Minimum Investment
The minimum initial investment is $250,000.

Available Services

American Rareties offers clients access to the following account types:

Cash Account - Enables investors to buy, sell, and store bullion. There is no minimum balance or commission associated with this account type.

Gold IRA - A Traditional or Roth IRA account that invests in the physical form of gold, silver, platinum, or palladium.

Other Investments - Enables investors to invest in gold, silver, platinum, and palladium bullion as well as gold and silver collectible coins. There is no minimum balance or commission associated with this account type.

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American Rareties also offers the following benefits:

Insurance - American Rareties offers insurance for gold, silver, platinum, and palladium held in Gold IRAs.

Paper Gold - American Rareties offers paper gold, which is equivalent to physical gold in terms weight, purity, and value.

Gold Storage - Enables investors to store their gold, silver, platinum, and palladium in secure facilities across the country.

Cash Discounts - Investors can purchase precious metals at discounted prices.

American Rareties offers investors a variety of options for buying precious metals. Investors can purchase precious metals in the form of:

Gold bars

Silver bars

Platinum bars

Palladium bars

Gold coins

Silver coins

Platinum coins

Palladium coins

Rounds



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Available Trading Platforms

American Rareties is thinly traded, with a daily trading volume of just 16,000 shares. The exchange trades on NYSE Arca and the Chicago Board Options Exchange (CBOE).
Fees
The transaction fee for orders is $9.95, plus $.50 per contract, with a $3.50 minimum.

Available Research Tools

American Rareties has detailed fundamental information available on its site. You can access company metrics, including price-to-earnings (P/E) ratios, historical share prices, cash flow, and sector comparisons.
Company News
American Rareties releases its earnings each quarter. The most recent earnings report is from the fourth quarter of 2018. You can review the report by scrolling to the bottom of the page and clicking on "Reports."

Available Education

American Rareties offers no formal education or training.
Customer Support
American Rareties's customer support is available through online contact forms, live chat, and email.
Account Types Offered
American Rareties offers individual, joint, and custodial accounts.
Account Minimums
American Rareties offers no account minimums.
Account Fees
American Rareties offers account fees ranging from $0 to $500.

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Available Community

This rare coin dealer has a Facebook community, a rarity among rare coin dealers. This group is very active and hosts video calls, and posts daily updates.
Current Promotions
American Rareties regularly offers discounts, and buyers can save 10% to 20% off list prices.
Pricing
American Rareties offers significant savings on its impressive selection of gold, silver, and rare coins, often as much as 20% off.
Grading
American Rareties offers expert grading, and its website has links to grading reports for coins.

Customer Service

American Rareties' customer service is one of the primary reasons that investors are attracted to the company. American Rareties offers several methods of contact, including telephone and e-mail. However, the company's customer service may not be up to the standards of some investors.
American Rareties encounters some complaints about its customer service. Some investors claim that customer service representatives are impolite and unhelpful. However, the company does claim on its website that it offers "exceptional customer service."
Fees
American Rareties charges investors several fees.



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The Bottom Line

American Rareties is a gold-focused fund that invests primarily in physical gold bullion, although it does hold some stocks of the companies that mine and refine precious metals. This fund invests primarily in gold bullion, which is held in safety deposit boxes at major banks. It also holds stocks of companies that mine and refine precious metals.