First National Bullion Reviews 

First National Bullion company
First Nation Bullion
An Average Company
First National Bullion is a precious metals dealer based in San Diego, California. It has a decent product selection but their online presence is quite limited. They haven't received many reviews and aren't listed on consumer platforms. Also, the company has faced multiple lawsuits.
Fees & Charges
Honesty & Transparency
Customer Service
A+ rating on BBB
Decent product selection
Limited online presence
Lack of information about the management team
Few customer reviews available online
Faced multiple lawsuits
Expert Score

What is First National Bullion?First National Bullion Locations, Timings, Email, Phone, Services

First National Bullion is a precious metals company based in San Diego, California that was founded in 2005. The company describes itself as a boutique precious metals dealer with skilled professionals dedicated to assisting the general public in making informed investment decisions.

First National Bullion logo screenshot

First National Bullion claims that it has assisted many people in protecting their wealth by buying and selling various precious metals.

As per the company’s words, It has continually assisted investors in diversifying their investments and protecting their capital by purchasing and selling precious metals such as gold, silver, platinum, and palladium. For retirement customers, the company also provides a gold IRA. So far, more than $100 million in precious metal has been sold.

The company has established itself as a pioneer in the precious metals market since its inception. First National Bullion believes that empowering investors to make wise investing decisions is important.

Address: 4885 Convoy St San Diego, CA 92111-1610

Timings: 7:00 a.m. to 3:00 p.m.
Phone: (855) 919-2536

People Behind First National Bullion: CEO, Owner, Co-Founders & MoreWho owns First National Bullion? What is the management team behind First National Bullion?

The website of First National Bullion contains no information regarding its executive and core staff. However, after searching on the web, we only found a few people who are from the company.

Jon Cavuoto: Founder & Managing Director

FNB team

Jonathan Cavuoto has been working as a Founder & Managing Director at First National Bullion for 17 years. Previously, he was president of First National Asset Finance Corp. Jonathan Cavuoto began his professional career in 1999. Jonathan has changed companies and jobs twice since then.

Josh Henderson: Client Advisor

First National Bullion staff member

Josh Henderson is a client advisor at First National Bullion and owner of Solid Foundation LLC. In 2013, he joined the firm. Josh says that his mission is to help people hedge and insure their wealth against global unpredictability. Before joining First National, he was the owner of Big Sky Builders LLC.

First National Bullion Products: Bullion Coins, Bars, And Rare CoinsAll products offered by First National Bullion

First National Bullion provides a wide range of products and services in order to make investing in precious metals easier and more accessible to the average investor.

Purchasing Bullion

The company provides its customers with a variety of precious metals and bullion. You can diversify your portfolio by purchasing any of their precious metals as an investment. Through their website, you may examine real-time prices and buy whichever precious metals you choose.

Gold bars

Selling Your Precious Metals

If you decide to sell your precious metals, First National Bullion can provide you with numerous options. However, if you are dissatisfied with the offers, the company may still promote you to potential customers.

Rare Numismatic Coins

Aside from precious metals, First National Bullion offers rare numismatic coins. The advantage of numismatic coins is their capacity to endure inflation and earn long-term gains.

Gold bullion coins at First National Bullion for gold IRA.

With the instability of other forms of investment, like as the stock market and the real estate business, numismatic coins may be a better option to secure your wealth.

Price/Market information and notification

In most circumstances, you will have to pay a lot of money to acquire real-time internet services about silver and gold values.

However, with First National Bullion, you can obtain price information for numerous precious metals around the clock as well as for the previous 30 days. This makes it easy to decide when to enter the precious metals market.

Beware of Gold IRA scams. Recently several scams have been charged by the authorities. Companies such as Regal Assets, Safeguard Metals and Red Rock Secured defrauded hundereds of retirees like you and me. I strongly suggest you learn how to identify gold IRA scams. You can request a free guide using the button below:

Gold IRA and Rollover

The major benefit of precious metals is their capacity to protect investors from macroeconomic and microeconomic pressures such as inflation. There is no better way to take advantage of this benefit than through IRA investment. The majority of retirement money is held in traditional or Roth IRAs, which often contain mutual funds, equities, ETFs, annuities, and bonds.

Gold and silver bullion coins

Physical gold is difficult to invest in through traditional IRAs and 401(k) plans, except through indirect exposure via ETFs and mutual funds. Self-directed IRAs (SDIRAs) are a sort of retirement account that allows you to invest in non-traditional assets such as precious metals.

A gold IRA is an SDIRA in which gold is used as an investment instrument. A gold IRA combines the tax advantages of an IRA with the wealth-building benefits of gold.

The Retirement Center

First National Bullion offers The Retirement Center in addition to information. Clients can acquire access to this centre by completing an online form.

They can learn everything they need to know about precious metals, particularly gold, here. Furthermore, they will be taught the significance of precious metals and how they might benefit their financial portfolios.

Price Notifications

As a registered member of First National Bullion, you will receive email updates of any price changes. All you have to do is set a price alert on any precious metals you want to keep track of.

How to Invest in First National Bullion IRA?Step-by-step guide for investing in First National Bullion IRA

Time needed: 15 days

To invest in a precious metals IRA through First National Bullion, here are the general steps:

  1. 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 First National Bullion to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.

  2. 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.

  3. 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 First National Bullion.

  4. 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 First National Bullion in this area.

  5. 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.

First National Bullion Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?

On its website, First National Bullion displays its premium prices for each precious metal. Costs are frequently determined by the quantity and quality of precious metals.

Purchase & Sale:

If a check payment is not received in full within ten (10) calendar days of the original purchase, a $50.00 administrative fee will be applied, in addition to any market losses incurred between the order date and the time of nonpayment.

Terms and conditions about the purchase, sales and order placement on FNB.

Most orders will be refused if payment is not received within the time range specified. If the company accepts late payment, a $50 late payment fee will be charged. First National Bullion must receive all products within five (5) business days, otherwise, the customer will be charged any Market Losses as well as a $50 administrative fee.

Payment Options:

First National Bullion requires all payments to be made via a bank wire, personal cheque, certified cheque, cashier’s cheque or money order. In the event of a bounced paper cheque payment, keeps the right to cancel the order and incur administrative costs and market losses, or to bill the outstanding balance to the credit/debit card on file.

Cancellation Policy:

Cancelled/offsetting orders will be charged $50.00 plus the difference between the Purchase Price and the Asking Price.

The order is final and cannot be cancelled once it has been shipped by If the customer refuses to ship, the product will be returned to us, and you will have the option of paying to have it reshipped or accepting Market Loss fines plus a normal $50 cancellation fee.


As per its website, most orders are shipped within one business day, in extreme cases, shipment may take up to thirty (30) days following completed payment, depending on the method of delivery.

Customers are fully liable for any relevant taxes, as well as shipping and handling fees. Each package valued at more than $500 requires a signature upon delivery.

Companies like Augusta charge ZERO fees for up to 10 years and allow you to choose your own gold & silver. First National Bullion on the other hand provides fewer options.

>>>Get in touch with the #1 rated gold IRA company of 2023<<<

First National Bullion Reviews and Complaints: BBB & YelpRead all the First National Bullion reviews & complaints

Better Business Bureau (BBB):

First National Bullion has an A+ rating on the Better Business Bureau website. They have 5 stars out of 5 based on one customer review. According to BBB, they have been in this industry for 17 years. In the last three years, one complaint has been closed. On the Better Business Bureau website, this company is BBB accredited.

First National Bullion BBB reviews and rating. They have an A+ rating.
First National Bullion has received #1 complaint on BBB

First National Bullion 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.


First National Bullion has achieved 5/5 ratings on Yelp based on several positive customer reviews. There are 24 customer reviews in all. Customers have mostly praised the customer service, saying they have a professional and honest staff. Something odd stays and that is an absence of negative feedback, there isn’t a single review that expresses dissatisfaction with the company.

First National Bullion yelp profile. They have 28 reviews there.

First National Bullion has no reviews on Trustpilot, Trustlink, Business Consumer Alliance, or Sitejabber. It is fairly shocking because they have been in the industry for so long, and they should have a decent online presence. is the only platform with First National Bullion reviews and ratings.

First National Bullion reviews on Yelp. It praises the company for being supportive.

First National Bullion Lawsuits: UniCourt & JustiaHave its customers sued First National Bullion?


According to UniCourt, which is an original Legal Data as a Service (LDaaS) company, providing real-time court data and legal analytics, A Small Claim case was filed by Robert Freed against First National Bullion Of San Diego in the jurisdiction of San Diego County Superior Courts.

First National Bullion lawsuit by Robert Freed in San Diego.


According to Justia, Commodity Futures Trading Vs. The First National Bullion case involves the enforcement of an administrative subpoena issued by the Commodity Futures Trading Commission (CFTC) to the First National Bullion Corporation.

The respondents, the corporation, argue that the subpoena is defective and should not be enforced. However, the court rules in favour of the CFTC, stating that the subpoena is lawful, relevant to the investigation, and within the proper authority of the Commission. Therefore, the application to enforce the subpoena is granted.

First National Bullion lawsuit by CFTC. The company faced an administrative subpoena.

Our top companies have a clean background and aren’t involved in any kind of major legal dispute. You can check out the list here.

Is First National Bullion Legit? Should You Invest With Them?Is First National Bullion scam or legit? Are they worth it?

No, I don’t think you should invest with them.


  • A+ rating on BBB
  • Decent product selection


  • Limited online presence
  • Lack of information about the management team
  • Few customer reviews are available online
  • Faced multiple lawsuits

Despite First National Bullion’s good track record, we do not recommend them. They are not a scam, but they are not the best option for gold investments or IRAs.

The limited online presence of the company makes it extremely difficult to trust them.

However, there are plenty of better companies with larger product catalogs and more specialization.

I recommend you check out our top gold IRA providers of 2023. That way, you can see what the industry’s best has to offer.

If you want to learn more about gold IRAs, you can check out this free guide:


Alternatively, you can find the best gold IRA provider of your state below:

Find the best Gold IRA company in your state