What is American Mint?American Mint Locations, Timings, Email, Phone, Services
American Mint is a seller of coins and collectibles. It is based near historic Harrisburg, Pennsylvania.
They claim that the company has over 30 years of experience providing products and services. They also claim that they have served both beginner and professional collectors.
The company claims to be a reliable source for all collecting needs. Their diverse selection of products includes commemorative coins, legal tender coins, medals, knives, and more collector’s items.
According to them, their team include a committee of historians and academics who select which events or people should be honoured with a commemorative coin. After that, experienced craftsmen methodically create these coins with flawless detail. Each coin takes six months to create from concept to completed product, according to them.
American Mint promises the following to its customers:
- Quality Commitment
- Product exclusivity
- Product Authenticity
However, whether or not what they say is true will be explored by the end of this article.
- Address: 5051 Louise Dr Mechanicsburg, PA 17055-4898
- Phone: (717) 458-9200
- Email: contact@americanmint.com
- Website: https://www.americanmint.com/
People Behind American Mint: CEO, Owner, Co-Founders & MoreWho owns American Mint? What is the management team behind American Mint?
On its website, American Mint does not disclose any information related to its owner and other team members.
I did some research into the company and found that other authoritative review sites such as BBB have mentioned the name of Michael Goede as an owner.
I also found some other sources that revealed that he is the owner and shocking news about him.
A legal case text that was published in January 2006, American Mint LIc. v. Gosoftware, Inc. and according to the report, the company is owned by Goede Beteiligungsgesellschaft and Michael Goede.
The case text gave a detailed description of what the American Mint is. As per the text, Goede is in the business of manufacturing collectible coins and its principal business place is located in Germany.
Further, American Mint is a limited liability company that falls under the laws of the Commonwealth of Pennsylvania. Also, it is owned by Goede and it is a merchandise marketer in the United States.
American Mint Products: Bullion Coins, Bars, And Rare CoinsAll products offered by American Mint
The company claims to offer a wide range of select collectibles. The following are some products:
- Solid Gold Coins
- Gold-Layered Coins
- Solid Silver Coins
- Silver-Plated Coins
- Platinum
- U.S. Currency
- Commemorative Coins
Aside from above mentioned coins, they also sell other products like knives and accessories such as albums, polishing clothes, coin pouches and more. Their website indicates the prices of the products which is a huge plus. If you would like to buy rare coins, you would need to contact someone from their team to help you do this.
Can You Invest in American Mint IRA?Do They Offer A Precious Metals IRA?
No, American Mint primarily serves investors by offering coins for purchase, but it does not provide IRA services. This may disappoint investors looking for an all-in-one for precious metals investments within an Individual Retirement Account (IRA).
This company fails to meet the requirements of customers who want to open a gold IRA account. Instead, investors looking for gold IRA choices can look into options and work with companies that specialise in facilitating gold IRAs.
It’s important to understand that the process of setting up a gold IRA includes choosing a reputable IRA custodian or trustee.
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 in 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.
Alternatively, check out the following guide to learn more about how a gold IRA works:
American Mint Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
Shipping Charges
For all of the online orders, the company charges a flat rate of $6.95 for the shipping and handling.
Moreover, orders that cost less than $250 will be shipped via U.S. Postal Service and orders costing more than $250, will be shipped via FedEx.
Furthermore, they claim to offer free shipping and handling for orders over $150.
Payment Options
For the payment options, American Mint accepts the following options:
- PayPal
- Visa
- Mastercard
- Discover
- American Express
- Check/Money Order
There is no other important information on the company’s website, which could be a red flag for potential investors because there could be a chance for hidden charges.
American Mint Reviews and Complaints: BBB, Yelp, GoogleRead all the American Mint reviews & complaints on American Mint
Better Business Bureau (BBB)
On Better Business Bureau (BBB) American Mint has received NR (No rating), and a 1/5 star rating based on 11 customer reviews and 155 complaints. The company has been in business for over 25 years and they are not BBB accredited business.
Mostly, customers have given the company negative reviews. Many customers have complained about poor services and many have even lost their money.
As we review customer complaints, one major problem appears: many customers complain that American Mint is sending them bills for products they did not order or get. This is a serious red flag because many people are disappointed. You must use caution if you plan to do business with American Mint.
All of these complaints should cause you to think twice about investing in or dealing with this company. It is critical to perform your investigation and properly check everything. These concerns indicate that American Mint may be having severe issues with how they process orders, engage with customers, or maintain their invoices accurately.
The company has received several unresolved complaints from customers. There are also several unresolved negative reviews on different platforms. Our #1 rated gold IRA company has ZERO unanswered complaints on BBB.
Trustpilot
On Trustpilot, as on other platforms, the company has received a low rating, with 3.1 stars based on 793 customer reviews. The customers have left both positive and negative reviews. But half of them are negative which could be a serious concern for potential investors.
ConsumerAffairs
On ConsumerAffairs, American Mint has received a 1.3-star rating out of 5 based on a total of 171 customer reviews. However, it is important to note that 83% of them are complaints against the company.
Many customers have complained that they never received what they wanted from this company, and one customer even stated that he received an empty box with a $100.00 invoice for a coin purchase that he never received or ordered.
People have also shared their disappointment with this company on different platforms. You can take a look at a Reddit post where a user has shared their thoughts about this company.
In short, the increasing number of complaints against American Mint may be a major red flag for investors.
American Mint Lawsuits: UniCourt & Justia Have customers sued American Mint?
UniCourt
On 03/09/2021 Sanchez filed a Civil Right – Other Disability Discrimination lawsuit against American Mint LLC. This case was filed in U.S. District Courts, New York Southern District. The Judge overseeing this case is Analisa Torres.
Boice, Dewitt filed a Small Claim – other Small Claim lawsuit against American Mint LLC on 05/18/2021. This case was filed in the Martin County Florida Courts, at the Martin County Courthouse in Martin, Florida.
Is American Mint Legit? Should You Invest With Them?Is American Mint scam or legit? Are they worth it?
No, I don’t recommend investing with them.
Pros:
- Offer a wide range of coins
Cons:
- Lack of transparency
- Faced lawsuits
- Many customer complaints
- Not a BBB-accredited business
I believe you have many better options than the American Mint.
American Mint claims to be a trustworthy firm that has been providing products and services for over 30 years.
However, this company has a number of serious flaws, including not being transparent about its team members, having over 150 customer complaints on BBB, and not being a BBB-accredited business.
Also, they do not offer IRA services.
All of this suggests that you should look into other companies instead.
Before you make any final decision, I recommend checking out our top gold IRA providers.
There, you will find out what the industry’s best has to offer. Also, it will ensure you make an informed decision.
Or, you can check out the best gold dealer in your state below:
Each state has its 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