Considering gold, silver, platinum, or palladium as a smart investment for your retirement, a significant life event, or to have a readily convertible asset? You might've encountered CBMint in your research, wondering if they're the ideal partner for your financial journey.
You've landed in the right spot! This article aims to shed light on CBMint, giving you insights into who they are, the value they bring, and the quality of their customer service. By the end, you should have a clearer picture of whether they align with your aspirations and standards. Dive in for more!
Founder(s): According to their site, "A consortium of bullion aficionados."
Overall Score: 3.⅗
About CBMint
The company's website keeps specifics about CBMint rather brief. While it mentions its foundation by a collective of precious metals enthusiasts, it doesn't delve deeper into their identities or share their names.
CBMint prioritizes affordability in their precious metals, procuring coins and bars straight from the makers to ensure savings for investors. They've streamlined their payment procedure and entertained various payment options. Notably, they stand out by offering insured free shipping for all orders within the mainland USA.
Diving into Precious Metals Investment
Through CBMint, you can delve into a rich assortment of gold, silver, platinum, palladium, and even rhodium coins and bars. Their diverse selections are presented here, yet a comprehensive look awaits on their website.
Gold
PAMP Suisse 5-gram gold bar
Credit Suisse 1-ounce gold bar
Gold American Eagle Coins
Gold American Buffalo Coins
Gold Canadian Maple Leaf Coins
Silver
Royal Canadian Mint 100-ounce Silver Bars
Generic 10-ounce Silver Bars
Silver American Eagle Coins
Silver Canadian Maple Leaf Coins
Platinum
Platinum Canadian Maple Leaf Coins
Rhodium
1-ounce Rhodium Bars
Platinum
Platinum Canadian Maple Leaf Coins
1-ounce Palladium Bars
Making a Sale with CBMint
Thinking of selling your coins and bars? CBMint could be your buyer. According to their site, they usually offer the prevailing spot rate for gold, silver, platinum, palladium, or rhodium assets you wish to offload. While you'll handle the shipping to CBMint, you won't encounter unexpected fees. Dive into their website to better understand how to trade your precious metals with CBMint.
Are There Concerning Signs with CBMint?
From the details below, CBMint has not received reviews on prominent platforms like Business Consumer Alliance, TrustLink, or Trustpilot. When delving into a company's reputation, these platforms rank high on our trust scale. We prefer to suggest companies to our readers that come with strong endorsements from prior customers.
A lack of reviews doesn't necessarily paint a complete business picture. Still, it can make decision-making difficult, especially when countless other precious metal investment firms have received top reviews.
Better Business Bureau: Secured an A+ grade, Recognized as a BBB Accredited Business
Business Consumer Alliance: No current rating
TrustLink: Yet to be rated
Trustpilot: Awaiting a rating.
Evaluating the Legitimacy of CBMint.
Rest assured, CBMint doesn't seem to be a fraud. Everything points towards them being an upright business that genuinely delivers on its promises, as highlighted on its website. Their A+ rating from the Better Business Bureau further reinforces this belief. It's improbable for a dubious company to achieve such high praise.
Even though CBMint might be legit, is it the ideal fit for you? We're inclined to think otherwise.
Our research could only unearth a few reviews about CBMint from our go-to online platforms. This lack of feedback clouds your understanding of the company's relationship with its clientele, making associating with them more like a shot in the dark.
We were also disappointed with the transparency of CBMint's website. It vaguely mentioned its foundation by "a group of bullion enthusiasts akin to you," but it didn't introduce us to these pioneers or offer a backstory. Generally, reputable precious metal investment firms are keen on showcasing their heritage and leadership; this absence felt odd.
Another detail that caught our eye: the absence of the company's inception date on their platform. A notable chunk of the precious metal investment community is upfront about their origins, making this omission feel like it needs to be put in the right place.
If you're eyeing a modest investment, there might be other options than CBMint. They only entertain orders surpassing $500. So, if you're dipping your toes with a couple of silver pieces that don't tally up to their minimum, you're at a standstill.
Furthermore, CBMint isn't an IRA custodian. For those envisioning a precious metals IRA, you must pivot to another IRA custodian. However, they vouch for the Entrust Group.
Our experience navigating their website could have been flawless too. We encountered glitches, and, based on our findings, we weren't the only ones. The site presented error messages and connectivity hitches, hindering a complete exploration.
Weighing all these aspects, we suggest you consider alternative gold investment firms over CBMint.
Characteristics
CBMint stems from the collaboration of seasoned precious metal investors.
They promise competitive rates, procuring their bars and coins straight from the creators.
Every purchase benefits from complimentary delivery and insurance coverage.
CBMint showcases an expansive range of gold, silver, platinum, palladium, and rhodium offerings.
You have the option to trade your precious metals back to CBMint.
Advantages
Choosing CBMint means your order has zero shipping costs and is fully insured.
Beyond the standard gold and silver, they let you diversify into platinum, palladium, and rhodium.
If you're considering liquidating, CBMint might buy your precious metal assets.
Drawbacks
Digital feedback for CBMint could be more extensive.
Your purchase needs to hit the $500 mark before it's accepted.
They don't serve as an IRA custodian.
Navigating their online platform presented multiple glitches and connectivity issues.
Final Verdict
We advise looking beyond CBMint when seeking a reliable company for your needs. Their website, when accessible, lacked the clarity and transparency we value. Unlike other precious metal firms, they don't function as an IRA custodian. The limited online feedback for CBMint makes it challenging to gauge the experience they offer. We'd suggest a deeper dive into alternatives before settling on a precious metals investment partner.
Disclosure: The information provided on this website is for educational and entertainment purposes only and should not be construed as financial or investment advice. We may earn a commission if you decide to open a gold IRA account with one of our affiliate partners. Please note that investing in gold IRAs carries risks, and it is important to consult with a financial advisor before making any investment decisions. We do not guarantee any specific returns or investment outcomes. Please read our privacy policy carefully before making any investment decisions. The products offered on this website are not endorsed, sponsored, authorized, or associated with the Department of the Treasury or the United States Mint.
With over 20 years in the financial industry, Mike specializes in Gold IRAs and precious metal investments. Inspired by his family's history and the financial wisdom of his grandfather, Mike is passionate about helping individuals secure their retirement through stable and guaranteed assets. A Certified Financial Planner™ and Chartered Financial Consultant®, he's a trusted voice in the financial community.