Comparing precious metal IRA services is much harder than most people think. The U.S. precious metals industry has been around for a while, so there are plenty of companies to pick. By making the right choice, you're not only protecting your wealth, but you're also working toward a healthier financial future.
If you've been researching precious metals companies, you may have come across Beverly Hills Precious Metals. It was founded in 2003, making it a little over two decades old.
Unfortunately, the reviews for this company online may not give you the full picture of what to expect from it. To solve this problem, we tried out this company's services to see if they were a good fit for the current precious metals market.
If you want to learn more about this company, make sure to read this Beverly Hills Precious Metals review. It'll give you all the information you should know about it.
About Beverly Hills Precious Metals
Beverly Hills Precious Metals has been around for many years, making it an interesting option for people interested in these products. Its founder, Andrew Sorchini, has over 30 years of experience as a precious metal dealer.
This company is a "client-focused" firm that is devoted to helping people trying to buy gold, silver, or other precious metals. Through its extensive range of services, this team aims to give people the ultimate experience whether they're trying to buy or sell precious metals.
Interestingly enough, this company works under the ideals of freedom and patriotism. It encourages people to invest in precious metals to secure their financial independence from the government.
According to this company, it is the gold, silver, and precious metals buyer of choice for General Michael Flynn, Clay Clark, and other "patriots."
Those interested in precious metals IRAs can also work with this company to find a suitable investment for them. Overall, we'd say that this is a comprehensive business that offers everything you need to begin your first precious metals investment.
People with more experience can also explore this company's selection of products.
About the Experience of Selling Metals with This Company
Selling precious metals with this company is an experience we recommend. Even if you didn't buy your products from this precious metals dealer, you can sell them. All you have to do is go to the website, and the team will give you a step-by-step guide to sell gold, silver, or any other precious metal you may have.
The first step will be the consultation. It's free of charge. You can either schedule a call through the "Contact" section or use the service number on the website, whichever you prefer.
A company representative will call you to learn more about your needs. Here's when you can tell them about the products you have, their condition, and other relevant information. The representative will give you a quote based on the current spot price of your metals.
Unfortunately, Beverly Hills Precious Metals doesn't have explicit information about how it calculates pricing, so it's hard to say if the prices are fair enough.
If you agree on the price, you'll get an invoice, as well as other order details like shipping instructions. You have 24 hours to ship your products.
Once the company representative receives and tests your physical gold (or other precious metals), they'll pay you.
What Should You Expect from Beverly Hills Precious Metals?
We separated the company's services into a few sections so that you have an easier time learning more about them. Here's an overview:
Variety of Products
Beverly Hills Precious Metals has a very minimalistic website. Once you check the "precious metals" section, you'll be greeted with a simple selection of products, which include:
- Gold U.S. Liberty Coin
- Silver Kennedy Half Dollar
- Silver Austrian Philharmonic Coin
- Silver Britannia Coin
- Gold Swiss Franc Coin
- U.S. Gold Saint Gaudens Coin
By clicking on the product, you'll get a short description of it. Unfortunately, the website doesn't show the product's stock or price, so the only alternative you have is to call the company and ask directly.
Free Consultations
Whether you want to buy or sell physical precious metals, you can easily call the company and get the guidance you need. The representatives will also help you if you're trying to open a gold IRA.
If you're someone without much experience with selling or purchasing precious metals, you'll be happy to know that the experience over the phone is fantastic.
Comprehensive and Personalized Service
Even though the website for this company is extremely minimalistic, that doesn't mean you can't have a decent experience. The company relies on phone calls to give you a personalized service.
One of the main downsides to this service is that it may not be as "fast" for people wanting to buy gold coins as quickly as possible. People who don't like phone calls won't have any other choice, either.
If you don't mind these two issues, you will have a great time whether you want to buy something or open a precious metals IRA.
Competitive Pricing
The rates we got over the phone were similar to what the rest of the market has, so you don't have to worry about spending all your hard-earned money on these products unnecessarily.
Usually, companies that don't list their prices online have outrageous quotes, but that doesn't seem to be the case with Beverly Hills Precious Metals.
Variety of Payment Methods
Doing business with Beverly Hills Precious Metals is comfortable enough. The company offers quite a few payment methods, which include:
- Credit cards
- Certified checks
- Direct deposits
- Personal checks
- Bank wires
- IRA transfers
About the Company's Fees
You may expect a few fees with your purchase, depending on what you're getting. If you want more information, you may have to call the company.
Usually, you can expect an annual fee of 0.75% of the current ask value of your products, which covers your storage. In some cases, you could get a $15 flat fee. What you get depends on which value is higher.
Of course, you'll get detailed account statements that outline all the fees you have to cover per year.
Does This Business Have Storage Services?
You can get your precious metals delivered to your home, but in most cases, it's much better to store them in a third-party depository.
Beverly Hills Precious Metals allows you to store your products with a reliable depository. All your assets will be insured, so there's nothing to worry about in this department.
How Can You Get Started with Beverly Hills Precious Metals?
The process to start buying/selling with Beverly Hills Precious Metals is straightforward. In fact, you can summarize the entire process in three steps:
- Select the product you want to buy.
- Choose a payment method.
- Give the company your shipping address.
Even if you don't know where to start, you can call the company directly or fill out its contact form. Once the representative reaches out to you, you can let them know about your needs. They'll happily guide you toward the best investment decision according to your case.
Should You Trust Beverly Hills Precious Metals? | Reviews and Ratings
Here's when it gets tricky. Overall, the company doesn't seem to be a scam. It has been operating for many years, and we've had a great experience so far.
There aren't many reviews online, though, which may be a setback for some people. In Google, there are 23 reviews at the time of writing. Many of them praise the customer service, whereas others list a few complaints like unexpected changes in rates.
Another factor to consider is that this company isn't accredited by the Better Business Bureau, unlike other precious metals dealers. Still, it has an average of 3/5 stars in customer reviews. This is the same rating that Gem State also had, a company I reviewed just yesterday.
As you can see, online reviews are mixed for this company. There's not much information to go with, so you'd have to try it yourself to see if it's a good fit. According to our experience, this company is a decent option to work on your retirement account or buy precious metals.
Pros and Cons of This Company
Pros
- It has the endorsement of popular individuals like General Michael Flynn.
- The process of selling or buying precious metals is simple.
- There are a few resources available for those wanting to learn more about physical metals.
Cons
- It's not accredited by the BBB.
- The reviews online are mixed.
- There's a lack of transparency regarding prices on the website.
Our Verdict
Is Beverly Hills Precious Metals legit? We believe it is.
Although there doesn't seem to be much information about the company online, our experience tells us that it is worth checking out. The main downside is that you have to manage most of the process over the phone. Most people don't enjoy having to call to get prices or other basic information.
Beverly Hills Precious Metals is a decent option for both beginners and experts in the industry. However, if you want to work with people with a more solid reputation, you may have to look elsewhere.
