My Buying Experience
I first ordered from APMEX in 2009 and found it was a painless process since then. I've since placed a number of additional orders from them. Their pricing is very competitive, and updates to their pricing occur constantly throughout the day. They have a large selection of bullion, pre-1933 gold coins, and even old currency. You can buy gold, silver, platinum, and palladium coins. The signup process is quick and easy. Even if you don't initially place an order, I suggest you do so anyway. You get access to their weekly newsletter, which may have special promotions. So you stand to save even more money with your order.
The more you buy, the bigger bulk discount. For example, if you bought an American Eagle Gold Coin their pricing* is as follows:
- 1 to 19 – $1,306.09 each
- 20 to 99 – $1,301.09 each
- 100 or more – $1,296.09 each
* – Price at the time of writing the article
The meltdown price of gold is currently $1,245.00* The coin itself does have an inherent value over the meltdown price, and hence the difference in price. The markup is only 4-5%, which is an excellent price. If you do plan on buying a considerable amount over time, you may want to reconsider and buy all at once if the discount is right.
With APMEX you have a large choice of payment options. You have a choice of paying either via:
- Certified check
- Cashiers check
- Money order
- Credit card
Credit card orders have a 3% premium to other payment methods. Therefore, it's only recommended when buying in bulk. Though when purchasing via credit card it can be a method to quickly rack up those credit card rewards. Once you place your order they will honor their price for a specified time (I believe it's 10 days) until they receive your payment. If shipped via USPS it can take a few weeks before the order is fulfilled and shipped. All shipping methods require a signature, so do make sure someone can sign for it.
Readers have you ordered from APMEX? How was your buying experience? If not from them, have you ordered from anywhere else?