A notice on American Bullion Inc’s Google Maps listing shows that it has offically been closed.
Nevtan Akcora’s LinkedIn page shows that he is still serving as the President of the company, so it might be possible that the company is still operational.
What is American Bullion?
American Bullion is a bullion dealer based in Los Angeles, California. The company has been operating in the precious metals industry since 2009 and offers IRA-eligible as well as collectible coins.
Their headquarters is located at 12301 Wilshire Blvd #305, Los Angeles, CA 90025. Similarly, their contact number is +1 800-465-3472.
American Bullion, Inc. allows customers to create their self-directed IRAs through STRATA Trust Company.
They have received plenty of positive reviews on multiple consumer review platforms.
Apart from offering the industry staple of gold and silver products, the company also offers platinum and palladium products to investors. They have a substantial collection of free resources available on their website to help consumers learn more about investing in precious metals.
With more than a decade’s experience, American Bullion has been a significant player in the bullion industry. In fact, the company had the highest number of gold IRA accounts in 2011.
They were also the first precious metals firm to begin accepting payments in Bitcoin.
The following American Bullion review will give you a more detailed overview of their services and perks:
People Behind American Bullion
Nevtan Akcora (CEO)
Nevtan Akcora co-founded American Bullion with Orkan Ozkan in 2009. He has been the CEO of the firm ever since.
Before founding this precious metals dealing firm, he was the COO and President of Onstar Worldwide.
Moreover, he has worked as a senior executive at several financial firms in the country.
Erman Ebren (Director of Marketing)
Erman Ebren is the Director of Marketing at American Bullion, Inc. He has been a part of the firm since its early days.
Before joining this gold IRA company, he was a systems engineer at Siemens.
He wasn’t the Director of Marketing from the start. In fact, Ebren climbed the ranks while working at the marketing department of the firm.
How to Signup with American Bullion – Step-by-Step Process
You can sign up with American Bullion, Inc. in a few steps. They enable consumers to sign up through their custodial partner, STRATA Trust.
On their website, the company gives you the STRATA IRA Account application which you can fill out easily.
Once you have filled out and submitted the form, one of their experts will review the application and contact you.
Afterwards, they will help you set up your precious metals IRA and get started right away.
Alternatively, you can go to the American Bullion website and submit the following contact form:
It will prompt the company’s representatives to contact you and help you with filling out the application as well.
American Bullion Products:
According to the company, you can find plenty of IRA-approved precious metals in their catalog. However, the IRA company doesn’t share any product catalog on its website.
To find out which products are actually available currently, you would need to contact their representative. This might deter some investors as it makes price comparison a little more difficult and cumbersome.
Also, the company claims it carries all “US and European Pre-1933 coins” which means you can find non-IRA precious metals here as well.
Even though there is no specific catalog, American Bullion has mentioned the following products on its website:
Gold Products:
The gold products this IRA provider mentions on its website are:
- Canadian Maple Leaf Coin
- American Buffalo Coin
- American Eagle Coin
- Austrian Philharmonic Coin
- American Eagle Coin (Proof)
- Credit Suisse Gold Bar
- UBS Gold Bar
- PAMP Suisse Gold Bar
Because they don’t share a catalog, I can’t make any comments on their product selection. Still, according to their claims, they have some of the most popular bullion coins available for their investors.
Silver Products:
The American Bullion website mentions the following silver bullion products on its website:
- Austrian Philharmonic Coin
- American Eagle Silver Coin
- Canadian Maple Leaf Silver Coin
- Proof American Eagle Silver Coin
- Johnson Matthey Silver Bar
- PAMP Suisse Silver Bar
Platinum Products:
Below are the platinum bullion products present here:
- PAMP Suisse Platinum Bar
- Canadian Maple Leaf Platinum Coin
- American Eagle Platinum Coin
Palladium Products:
There is one palladium coin and one palladium bar available with them:
- PAMP Suisse Palladium Bar
- Canadian Maple Leaf Palladium Coin
Offering platinum and palladium bullion is a great highlight of this precious metals dealer. That’s because not every bullion dealer has them in their catalog.
Furthermore, platinum and palladium can help you make your portfolio more diverse and secure as these precious metals have shown significant growth in value.
Apart from the IRA-eligible coins and bars I mentioned above, you can also find numismatic coins here.
For example, they have Peace Silver Dollar coins available for collectors:
While rare coins are ineligible for your IRA, they can certainly help you boost your personal fortune.
American Bullion Fees: How Much Would You Have to Pay?
The company waives the American Bullion fees for the first year of your signup. So, new customers get one year of IRA maintenance free.
Afterwards, you would need to pay them $75 for account maintenance every year for accounts with investment of less than $100,000.
The custodial partner of this IRA provider is STRATA Trust which charges $50 account setup fee and $150 for segregated storage and $100 for non-segregated storage. Furthermore, the custodian charges $95 annual maintenance fee.
I must add that their account set up is certainly a little higher than the competition.
Still, there aren’t many bullion dealers that offer you one year free. For accounts with investments over $100,000, the annual maintenance fee is $150.
| Initial Setup Fees | $50 |
| Annual Account Maintenance Fee | $95 (waived for the first year) |
| Storage Fee | $150 for segregated storage or $100 for non-segregated storage (waived for the first year) |
| Minimum Investment Requirement | $50,000 |
Additional Highlights of American Bullion, Inc.
IRA Custodian and Storage:
At American Bullion, Inc. you get to choose from the following two storage options:
- STRATA Trust
- Delaware Depository
The Delaware Depository is located at Wilmington, Delaware. It has Class 3 vaults and several more state of the art security protocols.
It’s one of the most popular storage facilities in the nation thanks to its $1 billion all-risk insurance policy through Lloyd’s of London.
Similarly, STRATA Trust is insured and offers its own storage facilities.
Apart from these storage facilities, you can also order precious metals to be delivered to your home. While you can’t store your gold IRA metals at home, you can certainly store collectibles and personal possessions.
However, several American Bullion reviews complain about long delivery times so I don’t personally think it’s a very effective way to get your precious metals.
Delaware Depository lets you see your precious metals as well. It takes a few weeks for your precious metals to reach your depository, keep that in mind.
Also, they have a preferred partnership with STRATA Trust Company.
The American Bullion Scholarship Program:
American Bullion launched a scholarship program in 2014 to encourage students to learn more about tangible assets.
The annual American Bullion scholarship program asks students to write an essay on a specific topic. For 2022, the topic is ‘Why Do World Central Banks Trust Gold?”.
They started accepting applications for the 2022 American Bullion Scholarship after January 31. Students can apply until October 31, 2022 and the company’s team of executives will decide on the winners by the first week of December.
The rules of the scholarship program say that the applicant must be currently enrolled, full-time undergraduate student at an accredited college or university within the US.
Also, the company will ask the winners to provide a valid student IT, proof of enrollment or transcript before giving them the winnings.
However, the program is not open to high school students entering college or graduate students.
The essay must be a minimum of 500 words and a maximum of1000 words. An applicant must be a legal resident of the US or hold a valid US student visa. One student can only make one submission in a year.
American Bullion will feature the name and essay of the winner on their website and social media pages.
This scholarship program is their way of giving back to society and it’s a commendable effort.
Free Information Guides:
American Bullion has a dedicated ‘Resources’ section where they share multiple guides and articles on precious metals, retirement and the relevant topics.
These guides are quite detailed and answer many basic questions such as “What are the types of retirement accounts?” and “What is a gold IRA?”.
In the Resources section, you will find a FAQs page along with a blog covering many topics about precious metals.
On top of that, you can download a free gold guide from American Bullion website too. Visitors on the website can fill out the online form and the company will send the guide to you.
In their free guide, you’ll learn about the types of retirement accounts, historical trends in gold values and an explanation of how a gold IRA rollover works.
Certainly, the company puts in a lot of effort into client education. Their large selection of free resources ensure that new investors can resolve their doubts easily and educate themselves on the various aspects of the precious metals industry.
They post on their blog regularly and you can find many interesting articles there. For example, at the time of writing this American Bullion review there are posts on spotting fake Credit Suisse Gold bars.
American Bullion Reviews and Ratings: What Their Customers Say
Before you invest with any gold IRA provider, it’s best to go through their reviews. This way you can get an idea of how they treat their customers and what you can expect from the company.
Looking into American Bullion reviews, I found many positive reviews and ratings. Customers across multiple review platforms have given this bullion dealer 5 out of 5 stars, which is a great sign.
Below is a more specific overview of their reviews:
American Bullion BBB:
The American Bullion BBB profile has a 4.2 out of 5-stars rating based on 5 consumer reviews. They have an ‘A’ rating on BBB and their profile has been accredited since 2011.
Reviews on the American Bullion BBB profile talk about how honest and diligent their representatives are.
For example, Anne shares that her representative was very compassionate as she answered her questions promptly. According to Anne, her representative helped her through every step of the process.
American Bullion Trustpilot:
On Trustpilot, there are 194 reviews on this company at the time of writing this American Bullion review.
The bullion dealer has a 4.4 out of 5-stars rating based on these reviews.
82% of their reviews on Trustpilot give them a perfect 5/5 rating, which is a commendable achievement. Similarly, 11% of their reviews on this consumer platform give them 4 out of 5-stars.
Additional American Bullion Reviews:
Apart from BBB and Trustpilot, American Bullion has received reviews on TrustLink and BCA as well.
On TrustLink, the company has a 5/5 rating while BCA gives the company an attractive rating of AAA.
Their Facebook page has received around 40,000+ ‘likes’ as well.
Almost all of their reviews on TrustLink and BCA praise the company’s representatives for being helpful, knowledgeable and friendly.
Are There Any American Bullion Complaints You Should Be Concerned About?
In terms of American Bullion complaints, I found one on BBB and a few others on other platforms.
The most common complaint among their clients is the time it takes for them to deliver products. Even though the company offers home delivery of rare coins, it seems like their products don’t arrive on time.
Apart from that, there weren’t many complaints against the company. Most of the reviews on this company are extremely positive and praise the company’s responsive customer support.
Is American Bullion Legit?
Pros:
- Over a decade of industry experience
- Offer platinum and palladium IRA products
- Offer rare coins
- Partnered with STRATA Trust and Delaware Depository
Cons:
- Received complaints for delayed delivery
- Share no product catalog or pricing details on their website
- High minimum investment requirement ($50,000)
Yes, American Bullion is a legitimate gold IRA company. They have been in the industry for over a decade and have received many positive reviews from their customers.
Their custodial partner, STRATA Trust, is among the most reputed IRA custodians in the market. This helps instill more confidence in prospective investors.
Also, they have partnered with Delaware Depository to offer secure storage services.
The company offers investment products in gold, silver, platinum as well as palladium which helps make their product selection more diverse. Having a diverse portfolio can help you get more security.
American Bullion has over a decade of industry experience but has received a few complaints for delayed deliveries and products.
However, the company fails to share specific details about its product selection and has a very high minimum investment requirement ($50,000).
Many reputed gold IRA providers have far lower minimum investment requirements.
Similarly, the company has received a few complaints about delayed product deliveries. They could be a good option for certain investors.
But there are plenty of gold IRA providers which are more transparent and have more positive reviews. So keep that in mind.
American Bullion is an experienced precious metals dealer based in Los Angeles, California. They offer a scholarship program to students, have received many positive reviews and have an A rating on BBB.
However, because of their lack of transparency in pricing, I can’t personally recommend this bullion dealer.
They can certainly be a good option for some investors nonetheless.
Regardless, you should always consult a financial advisor before investing. They will help you make a well-informed decision in this regard. Furthermore, it’s always best to check out multiple gold IRA providers so you can understand what the industry has to offer.
If you’re interested, you can learn about the best gold IRA companies in 2023 on IRAEmpire.