What is American Federal Rare Coin And Bullion?American Federal Rare Coin And Bullion Locations, Timings, Email, Phone, Services
American Federal Rare Coin And Bullion, located in Arizona, is a coin dealer that buys, sells, and appraises gold and other precious metals.
The company offers a gold IRA, which can help individuals protect and grow their wealth over the course of their careers. The company claims to assist in the setup of the IRA as well as ensuring that the gold held inside of the account is appropriately stored.
Nick Grovich established American Federal in 1985, and he is still the company’s owner and president. The company has grown to become one of the most well-known gold dealers in the state, and it is one of the few in Arizona that is authorised to employ the services of the Certified Acceptance Corporation (CAC).
Furthermore, the company claims to be a member of the American Numismatic Association, Texas Numismatic Association, Inc., Numismatic Guaranty Corporation, Numismatic Consumer Alliance, Inc., Professional Numismatists Guild and Industry Council for Tangible Assets.
- Address: 500 Easy St, Carefree, AZ 85377, United States
- Phone: 800.221.7694
- Email: info@americanfederal.com
- Website: www.americanfederal.com
Find the Best Rated Gold IRA Company of your State
People Behind American Federal Rare Coin And Bullion: CEO, Owner, Co-Founders & MoreWho owns American Federal Rare Coin And Bullion? What is the management team behind American Federal Rare Coin And Bullion?
American Federal’s website contains information about their team members. This company’s key members include:
Nick Grovich: Owner/President
Nick is a well-known industry expert in coins and precious metals. Over four decades as a professional numismatist, he claims to have developed a good reputation for trust and honesty.
He has owned American Federal since 1985 and is a member of the most prominent coin groups, as well as one of only two authorised CAC dealers in Arizona.
Nick’s articles and publications, as an accomplished author and coin history enthusiast, have been sold all over the world.
Don Gause: Vice President
Don has been Vice President of AmFed since 1986 and travels across the country sorting and acknowledging coins for clients. He says he is particularly mindful of keeping his clients informed of market conditions and advising them when to switch from coins to metals and vice versa in the fast-paced metals market.
Carl Ladas: Managing Broker
Carl has worked with the company since 2008. He claims to be an expert on coins, bullion, and business management. Carl is good at analysing requirements and expectations based on listening and giving information in a warm manner, whether you are a new or a seasoned collector. Carl provides personalised attention and honest conversation.
Jill Lee: Inventory Manager
Jill has been with the company since 2012. According to the company’s website, she has a keen eye, great attention to detail, and a strong desire to provide excellent customer service. An essential team player in ensuring order accuracy, tight inventory control, and ongoing currency market awareness; all while maintaining a contagious positive attitude.
American Federal Rare Coin And Bullion Products: Bullion Coins, Bars, And Rare CoinsAll products offered by American Federal Rare Coin And Bullion
AmFed offers a wide variety of rare coins, precious metals for sale, and numismatic services. Their inventory includes:
Gold Coins:
- American Gold Eagles
- Canadian Gold Maple Leafs
- South African Gold Krugerrands, and more.
Silver Coins:
- American Silver Eagles
- Canadian Silver Maple Leafs
- Mexican Silver Libertads, and more.
Platinum Coins:
- American Platinum Eagles
- Canadian Platinum Maple Leafs, and more.
Palladium Coins:
- American Palladium Eagles
- Canadian Palladium Maple Leafs, and more.
Rare U.S. Coins:
- Half Cents
- Large Cents
- Two Cents
- Three Cents
- Half Dimes
- Nickels
- Dimes
- Twenty Cent Pieces (Times)
- Quarters
- Half Dollars
- Seated Liberty Coins
- Barber Coins
- Liberty Head (“V” Nickel)
- Buffalo Nickels
- Jefferson Nickels
- Early Proof Sets
- Mint Sets, and more.
World Coins:
- Europe
- Asia
- Africa
- The Middle East
- South America, and more.
How to Invest in American Federal Rare Coin And Bullion IRA?Step-by-step guide for investing in American Federal Rare Coin And Bullion IRA
Time needed: 15 days.
To invest in a precious metals IRA through American Federal Rare Coin And Bullion, here are the general steps:
- Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with American Federal Rare Coin And Bullion to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
- Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or rollover funds into the new account.
- Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as American Federal Rare Coin And Bullion.
- Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from American Federal Rare Coin And Bullion in this area.
- Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.
However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.
Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer of your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.
Learn More About Gold IRA
Are you unfamiliar with gold IRAs? Then, you should check out this free gold IRA guide below:
American Federal Rare Coin And Bullion Fees and Charges: Do They Overcharge?What are their fees? Do they have hidden fees?
An interested customer who wants to know about American Federal fees & charges has to directly reach out to the company because there is not much information about this topic on the company’s website.
However, the website does state that shipping is free for orders over $5,000 and that there are no minimum purchase requirements. American Federal does provide CAC grades at no additional cost beyond what the CAC charges for this service.
Although the pricing structure was not made available online, buyers should expect storage and delivery insurance fees. Customers may also be charged a dealer markup above the current gold spot price when purchasing a coin or bullion from American Federal.
A custodian most certainly charges an account creation fee, which normally goes from $50 to $150. Annual account maintenance costs can be either flat fees or a percentage of your account balance.
For example, if a client is charged 1% of a $10,000 existing balance, that customer will pay $100 every year. Custodians may waive some or all of their fees depending on the amount of money in a client’s account.
Companies like Augusta charge ZERO fees for up to 10 years and allow you to choose your own gold & silver. American Federal Rare Coin And Bullion on the other hand provides fewer options.
>>>Get in touch with the #1 rated gold IRA company of 2023<<<
American Federal Rare Coin And Bullion Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the American Federal Rare Coin And Bullion reviews & complaints
Better Business Bureau (BBB)
American Federal received an A+ rating on the Better Business Bureau (BBB) based on 0 customer reviews. It’s alarming that the BBB claims the company has been in business for over 39 years but has received no customer review. Since 1996, this company has been BBB accredited.
Trustpilot
American Federal Coin And Bullion has a 4.9-star rating out of 5 on Trustpilot, based on multiple customer reviews and complaints. There are a total of 251 customer reviews, which is quite a high number. The majority of reviews are positive, with customers praising customer service and their team.
Yelp
This company has a 3-star rating on Yelp based on 4 customer reviews and complaints. The customers have given both positive and negative reviews; two customers praised the services and professionalism of their team, while two others expressed their dissatisfaction with this company.
Positive Reviews
#1. A customer expressed his satisfaction with the trustworthy relationship he has formed with my AmFed Representative. The customer stated that his representative knows of his preferences and informs him when products of interest are available.
#2. Another client stated that he was new to the idea of collecting coins, and the American Federal team made it completely simple and straightforward for him to achieve his goals and expedite his orders quickly, despite what was going on in the banking industry. He went on to say that this was very important to him because he is grateful to have found this company. Lastly, he expressed gratitude to the company.
#3. Another customer appreciated American Federal, adding that their employees are competent, polite, and ready to assist. She stated that she is completely comfortable with all of them. The product being purchased is quickly shipped. The consumer lastly added that she has purchased it four times and found no problems.
Negative Reviews
#1. A dissatisfied customer wrote that American Federal advised him to buy platinum a few years ago and he has continued to invest in platinum but has not made substantial returns.
#2. A 92-year-old man stated that he had no idea about this company, but they are asking him to recommend their company despite having no actual purchasing experience.
#3. A dissatisfied customer stated that she had purchased some product from American Federal and she had to call to get her order sent but they didn’t contact her. She said their team is very unprofessional.
Is American Federal Rare Coin And Bullion Legit? Should You Invest With Them?Is American Federal Rare Coin And Bullion a scam or legit? Are they worth it?
No, I don’t recommend investing with them.
Pros:
- Decent product selection
- A BBB-accredited business
Cons:
- Lack of transparency about fees & charges
- Received mixed reviews
- High markups
The company American Federal Rare Coins & Bullion is not a scam. It is a legitimate company with a good reputation in the industry, especially because it has been in business since 1980.
Also, it is a member of several industrial organisations.
However, there are many drawbacks too. For example, it lacks ratings and reviews when compared to other companies, as well as transparency when it comes to fees and charges.
Hence, I don’t recommend investing with them without doing thorough research.
I suggest you check out other gold IRA providers before making any final decision. You can start with our list of the best gold IRA companies.
Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.
Find the best Gold IRA company in your state