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Is Augusta Precious Metals Legit? – Read This and Find Out

When it comes to finding a reliable and trusted gold IRA custodian, many experienced precious metals investors are quick to recommend Augusta Precious Metals.

Of the many gold IRA companies that have been launched recently, Augusta Precious Metals has certainly made a name for itself as one of the few custodians that are trustworthy and transparent when it comes to opening and running gold IRAs.

Having a gold and silver IRA account is quickly becoming a very popular choice among IRA account holders. The economic uncertainty and threat of inflation have proven to be too much for most investors and they have chosen the shelter of precious metals investment assets.

If you are also considering investing in physical gold and silver coins, this Augusta Precious Metals review is for you. Read on to find out how opening precious metal IRAs can be the best decision you will make in 2023.

What Is Augusta Precious Metals?

Is Augusta Precious Metals Legit

This precious metals provider can best be described as a gold and silver IRA company that specializes in helping individuals to invest in gold-based self-directed IRA accounts. It is an IRS-approved Custodian for gold IRAs, meaning you can use it for your precious metals retirement accounts.

The company is also a gold dealer because one can buy precious metals directly from the company and keep them at home or any other safe place.

Augusta Precious Metals is based at 5830 East 2nd Street, Casper, WY, United States. Since 2012, Augusta Precious Metals has been one of the largest gold and silver dealers in the US.

This precious metals IRA custodian is dedicated to proving all the gold or silver IRA services needed when opening precious metals IRAs. That means if you are interested in investing in precious metals, Augusta Precious Metals is the one you call.

Augusta Precious Metals offers a wide range of services including, but not limited to:

  • Helping individuals plan how to invest in precious metals

  • Conducting gold IRA rollovers from existing individual retirement savings accounts

  • Supplying a wide range of precious metals, such as gold and silver coins and bullion bars

  • Arranging the storage of precious metal products in IRS-approved depository storage facilities

  • Compliance with IRS rules and regulations

  • Financial advice on managing gold IRAs

Augusta Gold IRA

Although the term gold IRA is sometimes used to refer to all precious metals IRAs, in this case when we say Augusta gold IRA, we mean a self-directed IRA that is specifically used to invest in physical gold bullion products.

This is by far the most popular type of precious metals IRA that most companies, such as Augusta Precious Metals deal with. This is because of the inherent popularity of gold as an investment asset and the many benefits it offers.

However, when opening a gold IRA, one cannot simply buy gold or silver coins and think they will be eligible for a retirement account. There are strict regulations that state that only IRS-approved gold coins and bars can be used in a gold IRA.

The following are examples of the type of gold you can use in a gold IRA:

  • American Gold Eagle coin

  • Canadian Gold Maple Leaf coin

  • Gold American Buffalo coins

  • American Eagle Proof gold and silver coins

  • Austrian Philharmonic gold coins

  • Australian Striped Marlin gold coins

  • Chinese Panda gold coins

The rules do not end there, though. After purchasing your gold assets, you are still required to find an IRS-approved depository to handle the storage. This is because any gold you choose to keep will be ineligible for a gold IRA and the IRS will consider it as distribution.

That means you should be prepared to pay storage fees on top of the custodian maintenance fee that Augusta Precious Metals will be charging you.

However, the company does provide free shipping to the storage facility of your choice, meaning the entire process is made easy for you. There is also a wide range of depositories across the country that Augusta Precious Metals works with, so you can choose the one closest to you.

Augusta Silver IRA

An Augusta silver IRA is very similar to a gold IRA except that this time you will be dealing with silver bullion coins and other silver assets. While silver is not as popular as gold, it does provide a lot of the same benefits.

One such benefit is that silver is a great hedge against inflation, meaning that as the economy worsens, the value of your silver IRA-eligible coins will increase. The same is true for all metals that are supplied by Augusta Precious Metals.

Silver IRAs are also self-directed IRAs, meaning you will enjoy the same tax benefits as you would with any other tax-advantaged retirement account, such as a Roth IRA or traditional IRA.

The IRS also has specific rules regarding the type of silver that can go into an IRA. The silver has to be, for example, 99.9% pure, and be among the list of IRS-approved silver products, such as:

  • Canadian Silver Soaring Eagle

  • Canadian Silver Maple Leaf

  • American Silver Eagle

  • Canadian Silver Eagle with Nest

  • Australian Kookaburra silver coin

  • Australian Kangaroo silver coin

Precious Metals IRA Custodians

Augusta Precious Metals

The most important piece of the entire puzzle is your precious metals IRA custodian, in this case, Augusta Precious Metals. Gold IRA companies have a lot of responsibility when it comes to managing the account for their clients.

The IRS rules and regulations mean that an individual can do little more than open a gold IRA account and choose the precious metals they want. I will be up to Augusta Precious Metals to handle the rollover, transportation, and storage of the physical gold and other precious metals.

As such, it is very important to choose the right custodian. Augusta Precious Metals reviews across many different platforms, such as the Better Business Bureau and Business Consumer Alliance seem to point towards the fact that this gold IRA provider is a reliable one.

A lot of research is required when selecting your gold IRA Company because unlike Augusta Precious Metals, there are many untrustworthy gold IRA providers out there. Making the wrong choice here will mean that the entire retirement portfolio is in jeopardy.

Gold and Silver Cash Purchases

Besides opening gold and silver IRAs, Augusta Precious Metals also sells precious metals to cash buyers for purposes other than investing in a retirement fund. This means if the thought of not being able to keep your gold and silver products does not appeal to you, or if you do not have a retirement account to rollover funds from, buying gold and silver directly may be a good idea.

While Augusta Precious Metals will guarantee that any products you buy from them are legitimate and that you will get all the advice that you need, the transportation and storage of your precious metals will be up to you. Gold and silver are high-value products and as such, it will not be easy to handle this part on your own.

If you are still interested in purchasing gold and silver from Augusta Precious Metals, here are a few examples of what you can buy:

Gold Coins

  • St. Helena Gold Sovereign

  • Canadian .25% Gold $10 Arctic Fox

  • Rose Crown Guinea

  • Canadian .25 Gold $10 Polar Bear and Cub

  • American Gold Buffalo Proof

  • Great Britain ¼oz Gold Year of the Monkey

  • Gold American Eagle Proof

  • Great Britain ¼oz Gold Year of the Rooster

  • Certified American Eagle

  • $10 Indian coins

  • $20 Saint Gaudens coins

  • Certified American Buffalo Proof

Silver Coins

  • American Silver Eagle 1oz. (random year)

  • Silver 50% Bag (various face values)

  • Canadian Maple Leaf Silver

  • Canadian Silver 5 Blessings

  • Austrian Philharmonic Silver

  • America the Beautiful

  • Silver Round 1oz.

Gold Bullion

  • Gold American Eagle

  • South African Gold Krugerrand

  • Gold America Buffalo

  • Austrian Gold Philharmonic

  • Gold Canadian Maple Leaf

  • Gold Bar 10 oz. and Gold Bar 1 oz.

Silver Bullion

  • American Silver Eagle

  • 90% Silver Bar

  • Canadian Maple Leaf Silver bullion bars

  • Canadian Silver 5 Blessings

  • Silver Round 1 oz.

  • Austrian Philharmonic Silver Bar

  • Silver Bar (Our Choice Hallmark America)

Pros and Cons of Augusta Precious Metals

Augusta Precious Metals is not a perfect investment company. Even though there are a lot of advantages to investing in precious metals with Augusta Precious Metals, you should also consider the downside of such a move.

Here are the pros and cons you need to know:


  • Free one-on-one webinar

  • A+ rating from the Better Business Bureau

  • Lots of educational material

  • Free shipping on all orders

  • Highly trained and experienced staff members

  • Long-term partner of Kingdom Trust, which manages over $12 billion in assets!

  • Complete assistance with all paperwork and requirements for opening a gold IRA account

  • Competitive annual fees

  • Wide variety of precious metals, including gold, silver, and platinum

  • An extensive list of collector’s coins

  • Lifetime support from Augusta professionals


  • The $50,000 minimum is quite high

  • Higher markups on premium coins

Fee Structure

The fee structure of Augusta Precious Metals is not only comparable to other gold IRA companies but it is also transparent, with no hidden costs. Once you choose to accept the Augusta Precious Metals offer and become a client of this custodian, expect to pay:

  • An account set-up fee of $50

  • Annual depository fee of $100

  • Annual custodian fee of $100

How To Invest With Augusta Precious Metals

When you are ready to invest with Augusta Precious Metals, you will find the process very simple. These three easy steps are all that this precious metals company requires:

Open a Gold or Silver IRA Account

With just $50, you can open your precious metals IRA account. Augusta Precious Metals will help you to conduct a 401(k) to gold IRA rollover if that is the way you wish to fund your account.

Alternatively, you can do a direct transfer to get the money from your bank account to that of your custodian. both options have their pros and cons but are simple to do.

Buy Gold, Silver, or Other Precious Metals

Now comes the part that all Augusta Precious Metals customers love; choosing the right metals to invest in. Augusta Precious Metals has a wide range of precious metals to choose from. There are gold, silver, platinum, and palladium bullion coins and bars to choose from.

Find an IRS Storage Facility

At Augusta Precious Metals, storage is handled by a variety of IRS-approved depositories, such as the Delaware depository in Wilmington. Here your precious metals will be kept safe and secure until you decide to withdraw. You will also have the benefit of using a fully insured storage facility.

Depending on where you are located, you can choose any of the following options:

  • Los Angeles, California

  • Salt Lake City, Utah

  • Bridgewater, Massachusetts

  • Jackson, Ohio

  • South Fargo, North Dakota

  • Wilmington, Delaware

  • Dallas, Texas

  • New Castle, Delaware

  • Shiner, Texas

  • Springfield Gardens, New York

  • Las Vegas, Nevada

  • Nampa, Idaho

Customer Support

Anytime you contact Augusta Precious Metals, you will be assisted by some of the leading experts in gold and other precious metal IRAs. The team will give you lifetime customer support along with other services, such as a professional coin grading service to validate your precious metal coins.

Is Augusta Precious Metals Legit?

Augusta Precious Metals

Yes, Augusta Precious Metals is a legitimate and trustworthy company to deal with, based on the following evidence:

  • The company has an impressive track record of being an industry leader in precious metal investments since 2012

  • Augusta Precious Metals has IRS licensing and approval, which are only given after intense scrutiny of how the company operates

  • There are many positive online Augusta Precious Metals reviews on reliable customer review platforms such as the Better Business Bureau (BBB) and the Business Consumer Alliance

Final Thoughts

Have you been thinking of buying premium coins or any other precious metals for your retirement? Why not consider Augusta Precious Metals for the best services you can ever find?

With partnerships with many reliable storage facilities, such as the Delaware depository, investing with Augusta Precious Metals will give you the peace of mind you need while enjoying the various benefits of having a gold IRA.

Visit the Augusta Precious Metals website today and begin your journey into precious metal IRA investments.