AJPM Review
Are you interested in adding precious metals like platinum, silver, and gold to your investment portfolio? Maybe you’ve heard about the benefits of investing in precious metals and how they can help diversify your portfolio.
Or perhaps you’re looking for a way to easily convert your investments into cash and protect yourself against inflation. If any of this resonates with you, then keep reading to learn more about Affordable Jewelry & Precious Metals (AJPM) and find out if they’re the right company to partner with.
In the upcoming sections, we’ll provide detailed information about AJPM, its products, and previous customers’ experiences. By the end of our systematic review, you’ll understand whether Affordable Jewelry & Precious Metals is the right choice for your investment needs. This will help you make an informed decision about whether or not to do business with them.
Advisory! Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth. We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!
With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)
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See if AJPM made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.
AJPM, also known as Affordable Jewelry & Precious Metals, was established in 1991 by Rodney and Vicki Scott. Prior to starting this venture, the Scotts were already involved in the precious metal industry in Portland, Oregon, and had previously owned four other businesses. Among their other companies were Medallion Specialties Inc. and Portland Minting Company.
In 1991, the Scotts decided to merge all of their separate precious metals businesses into one entity, which they named Affordable Jewelry & Precious Metals, or AJPM for short. While AJPM currently operates three physical stores in Oregon, they also have an online presence, allowing them to serve customers from around the globe.
What Products Do They Offer?
Affordable Jewelry & Precious Metals is a company that specializes in offering a variety of gold, silver, and platinum products to investors. They have an extensive range of scrap gold bullion items available, with some products displaying their current market prices on their website.
However, certain pieces may require contacting them directly or visiting one of their locations to obtain specific pricing information.
Gold Bullion
Suppose you’re interested in investing in simple scrap gold bullion through AJPM. In that case, they offer a selection of bars and coins for your portfolio, including American Eagle, Canadian Maple Leaf, Australian Gold Kangaroo, and other renowned options.
Silver Bullion
In addition to scrap gold, AJPM also recognizes the value of silver bullion for investors. Silver is increasingly being utilized in various fields such as medicine and technology, leading to a higher demand for this precious metal. AJPM provides an array of silver bars and coins for investors, including American Eagle, Canadian Maple Leaf, Austrian Philharmonic, and South African Krugerrand.
Platinum Products
For those considering platinum investments, Affordable Jewelry & Precious Metals offers limited supplies of platinum products. Platinum is a highly sought-after and rare precious metal that can be valuable to a growing retirement portfolio. AJPM provides platinum coins such as American Eagle, Canadian Maple Leaf, Australian Kangaroo, and platinum bars.
Collectible Coins
If you’re interested in expanding your investment options beyond bullion, AJPM also offers collectible gold coins related to historical US events. These pre-1933 gold coins, including US Liberty gold coins and US St. Gaudens gold coins, hold significant value and are certified. Prices for these coins may vary depending on factors such as grading and the coin’s date of minting.
What Are The Unique Features of AJPM?
Affordable Jewelry & Precious Metals offers several unique features that set them apart from other companies in the precious metals market:
1. Wide Selection of Products
AJPM provides diverse products, including gold, silver, and platinum bullion. They offer various options, such as bars and coins, allowing investors to choose based on their preferences and investment goals.
2. Transparent Pricing
The company shares marketplace prices for many of its products directly on its website. This transparency enables investors to stay informed about the current market value of the precious metals they are interested in. For certain pieces that require additional information, contacting Affordable Jewelry & Precious Metals or visiting their locations can provide specific pricing details.
3. Availability of Limited-Supply Items
AJPM stands out by offering limited supplies of platinum investments. This presents an opportunity for investors looking to diversify their portfolios with the rare and highly sought-after metal.
4. Certified Collectible Coins
In addition to bullion, Affordable Jewelry & Precious Metals provides certified collectible gold coins related to historical US events. These coins hold significant value and appeal to both investors and collectors alike.
5. Focus on Customer Experience
AJPM aims to provide a positive customer experience by offering informative resources, personalized assistance, and convenient options for purchasing precious metals. Their commitment to customer satisfaction sets them apart in the industry.
6. Physical Locations
AJPM has physical locations where customers can visit and conduct business. This allows for a more personal and hands-on experience, enabling investors to view products and engage directly with knowledgeable staff.
AJPM distinguishes itself through its wide selection of products, transparent pricing, limited-supply offerings, certified collectible coins, customer-focused approach, and physical locations. These unique features make AJPM an attractive option for investors seeking to engage in the precious metals market.
Order Placement Process
When it comes to purchasing platinum, silver, or gold from AJPM, placing an order through their website is not available. However, you can browse their selection of products online and access pricing information. To actually place an order, you’ll need to contact their customer representatives by dialing their toll-free number. By speaking with a representative, you can provide the details of your order and initiate the purchase process.
You’ll receive a unique confirmation number once your order is confirmed over the phone. When making a payment, it’s important to include this confirmation number on the memo line of your check. Within 24 hours of confirmation, you must mail the check to AJPM. Upon receiving your payment, they will proceed to process and ship your order within the same week. However, please note that in certain cases, it may take up to 26 days for your order to be shipped.
By following this process and promptly sending your payment, you can secure your order and expect it to be shipped in a timely manner.
Does AJPM Have Any Red Flags?
While AJPM is a reputable company in the precious metals industry, there are a few aspects that some individuals might consider as potential red flags:
1. Lack of Online Ordering
One potential red flag is the absence of an online ordering system. Some customers may find it inconvenient or outdated to have to place orders over the phone and make payments via check. However, it’s important to note that this approach may be in line with their specific business model and customer service practices.
2. Extended Shipping Times
It’s mentioned that in certain cases, orders from AJPM may take up to 26 days to be shipped. This longer shipping period could be a concern for customers who are seeking more immediate delivery of their precious metals. It’s advisable to consider this factor if you have time-sensitive investment goals.
3. Limited Supply of Platinum
While AJPM offers limited supplies of platinum investments, this might be a red flag for investors who prefer a broader range of options. If platinum is a significant component of your investment strategy, it’s worth considering whether AJPM’s limited availability aligns with your goals.
Despite these straight forward potential red flags, evaluating them in the context of your preferences and requirements is important. Conducting further research, reading customer reviews, and engaging in direct communication with AJPM can provide more insight into their services and help you make an informed decision.
Is This Company Trustworthy or a Scam?
I can confidently assure you that this company is not involved in any fraudulent activities. They have established themselves in the industry for over 30 years, starting their operations in 1991. Moreover, Vicki and Rodney Scott, the founders, have extensive experience in the precious metals field. They even operate three physical storefronts in the Portland area, where they sell precious metals directly to the public.
However, despite the company’s apparent legitimacy, I would still advise caution and suggest avoiding them for a few significant reasons.
Firstly, the lack of substantial online reviews is concerning. Considering their long-standing presence in the industry, one would expect a considerable number of reviews. The limited number of reviews could be due to intentional suppression or simply a small customer base that hasn’t taken the time to share their experiences. While this is my opinion, it raises doubts, and I recommend proceeding cautiously.
Additionally, the ordering process raises red flags. Reputable online platforms typically offer a user-friendly shopping cart system for easy online purchases. This company requires customers to call in to place an order, which is off-putting.
Moreover, their accepted payment methods are restrictive. Orders exceeding $15,000 must be paid via wire transfer, money order, cashier’s check, or personal check. Unfortunately, they do not accept popular payment methods like PayPal, debit cards, or credit cards. This limitation is disappointing and may deter potential customers.
In conclusion, while this company may have legitimate products and services, the scarcity of reviews, inconvenient ordering processes, and restricted payment options make me cautious about recommending them.
Pros of AJPM:
Extensive Experience: AJPM has over 30 years of experience in the precious metals industry, which demonstrates its long-standing presence and knowledge in the field.
Diverse Product Selection: The company offers a wide range of precious metal products, including gold, silver, and platinum bullion, as well as collectible coins. This variety provides investors with options to suit their preferences and investment goals.
Transparent Pricing (for some products): AJPM displays marketplace prices for many of its products directly on its website, offering transparency and allowing investors to stay informed about current market values.
Limited Supply Offerings: AJPM stands out by providing limited supplies of platinum investments, which can be appealing to investors looking for rare and highly sought-after metals.
Physical Storefronts: AJPM operates three physical storefronts in the Portland area, allowing customers to visit and conduct business in person. This provides a more personal and hands-on experience, with the opportunity to view products and engage with knowledgeable staff.
Cons of AJPM:
Limited Online Reviews: The company has a scarcity of online reviews, considering its extensive time in the industry. This lack of feedback may raise concerns or make it challenging for potential customers to assess the experiences of others.
Inconvenient Ordering Process: AJPM requires customers to call in to place an order, which can be off-putting for those who prefer a more streamlined and convenient online shopping experience.
Restricted Payment Options: The accepted payment methods for orders exceeding $15,000 are limited to wire transfers, money orders, cashier’s checks, or personal checks. This restricts customers from using popular and widely accepted payment methods such as PayPal, debit cards, or credit cards.
It is important to note that these pros and cons are based on available information and user experiences up until September 2021. Factors may have changed since then, and it is advisable to conduct thorough research and consider the latest feedback before making any investment decisions with AJPM or any other company.
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Frequently Asked Questions
Q: How long has AJPM been in business?
AJPM has been in business for over 30 years since opening its doors in 1991.
Q: What types of precious metals does AJPM offer?
AJPM offers a variety of precious metals, including gold, silver, and platinum. They provide bullion products such as bars and coins, as well as certified collectible coins.
Q: Are the prices for AJPM’s products transparent?
For many of their products, AJPM shares marketplace prices directly on their website, offering transparency to customers. However, there may be certain items that require contacting AJPM or visiting their locations for specific pricing information.
Q: Does AJPM have physical locations?
Yes, AJPM operates three storefronts in the Portland area, where customers can visit and conduct business in person. These physical locations provide an opportunity for a more personalized experience and direct engagement with knowledgeable staff.
Q: What are the accepted payment methods at AJPM?
AJPM accepts various payment methods, including wire transfers, money orders, cashier’s checks, and personal checks. It’s important to note that for orders exceeding $15,000, these payment methods are required. However, AJPM does not accept PayPal, debit cards, or credit cards.
Q: Does AJPM offer limited-supply products?
Yes, AJPM offers limited supplies of platinum investments, providing investors with the opportunity to diversify their portfolios with this rare and highly coveted metal.
Q: Are there online reviews available for AJPM?
AJPM’s online review presence may be limited, which could make it challenging to find a substantial number of customer reviews. It’s advisable to conduct thorough research and consider the available feedback to make an informed decision.
Final Thoughts
AJPM is a company that has established itself in the precious metals industry for over 30 years. They offer a diverse selection of gold, silver, and platinum products, including bullion and certified collectible coins.
While their transparent pricing for many products and physical storefronts in the Portland area are positive aspects, there are some concerns to consider. The limited number of online reviews raises questions about customer experiences, and the ordering process may be inconvenient for those seeking a streamlined online shopping experience.
Additionally, the restricted payment options, excluding popular methods like PayPal and credit cards, may be disappointing for some customers. It’s essential for individuals to thoroughly research and consider the latest feedback before making any investment decisions with AJPM or any other company.
