Welcome to my review of CBMint!
Have you heard of this company?
Is this really the best place to buy gold and silver online?
Instead of intangible investments, such as gold exchange-traded funds, investors looking to enjoy the touch, feel the security of owning gold may wish to buy gold and silver bars.
So without further ado, lets dive in this CBMint review!
CBMint Summary Review
- Name: CBMint, LLC
- CEO/Owner: Mr. Sante Santhanam Chary
- Website: https://cbmint.com/
- Rating: 3.6/5.0
What is CBMint?
CBMint is a premier online precious metals retailer, based in the USA and headquartered in Plano, Texas.
They take pride as the best place to buy gold and silver online.
CBMint sells physical, investment-grade gold, also referred to as gold bullion, at spot price which is the price of un-fabricated gold plus additional costs.
You can liquidate these assets in case of an unexpected event like a total economic crisis due to the Covid-19 pandemic. So, buying silver and gold bars is the most standardized way of directly owning physical gold.
Before buying silver and gold bars online, you need to make sure that this is the best place to buy gold and silver online.
CBMint takes pride as the best place for buying silver and gold.
Why Should you Buy Gold in Bars and Coins
It will help you to earn a good amount of profit after investing money in buying gold bullion coins and bars.
If you check, you can find that there are many well-known businessmen including the topmost celebrities who have strengthened their financial condition by dealing with pure gold coins.
More so, investors consider gold, despite being often less valuable per ounce than platinum, to be the ultimate precious metal. After silver, gold is the most commonly traded precious metal.
Furthermore, physically owning gold bullion is a strong defense against inflation and currency devaluation.
Additionally, smart investors looking to make a quick profit often buy and sell gold bullion quickly, taking advantage of sudden market upticks. So, lets continue this CBMint review to find out if they are the company for you.
CBMint Products and Services
Precious Metals Products of CBMint
An example of their gold products include:
- 2021 1 Ounce American Gold Eagle
This is the newest issue in the iconic American Gold Eagle series.
It is also first manufactured in 1986 by the United States Mint and produced in four different sizes. However, the 1 ounce Gold Eagle, is by far the most common. Furthermore, the purity, gold content, and weight of the 1 oz Gold Eagle are fully guaranteed by the United States Mint.
- PAMP Suisse 5 Gram Gold Bar
These Lady Fortuna 5 Gram Gold Bars are among the smallest gold bars manufactured by PAMP Suisse, a leading refiner of precious metals.
More so, all PAMP Suisse gold bars are independently assayed by the Swiss government, ensuring full quality and authenticity.
- Credit Suisse 1 Ounce Gold Bar
This is universally recognized as a benchmark for quality gold bullion.
Furthermore, it is individually assayed by a Swiss Federal Inspector, each Suisse 1 oz gold bar is encased in a protective assay card, guaranteeing both product quality and authenticity.
Here are some of the silver products of CBMint:
- Random Year 1 Ounce Canadian Silver Maple Leaf
This is the newest installment in one of the most successful bullion coin series in the world.
More so, it is manufactured from 99.99% pure silver instead of the industry-standard 99.9%, the 1 Oz Silver Maple Leaf has the highest silver purity of any standard-release silver bullion coin.
The Silver Maple Leaf is also a legal tender in Canada and carries a face value of 5 Canadian Dollars
- Royal Canadian Mint 100 Ounce Silver Bar
The RCM 100 Ounce Silver Bar is a large silver bullion bar manufactured by the Royal Canadian Mint, the official mint of Canada.
The palladium products of CBMint includes:
- 1 Ounce Canadian Palladium Maple Leaf
First minted in 2005, the 1 Ounce Canadian Palladium Maple Leaf is one of the very few palladium bullion coins issued by official government mints.
Furthermore, it is manufactured for only a few years and only in the 1 troy ounce size, the 1 Ounce Palladium Maple Leaf is another top-quality product produced by the Royal Canadian Mint, one of the leading manufacturers of precious metals bullion in North America.
- 1 Ounce Palladium Bar
The bar is an extremely fine bullion product manufactured by London-based Baird and Company, one of the best precious metals refiners in the world.
More so, this Baird 1 oz Palladium Bar is stamped from 99.95% pure palladium and placed in a hard and protective assay card, thereby ensuring product quality and authenticity.
Below, you can see the only platinum products that they sell.
Here are the rhodium products that they offer:
- Rhodium Bar 1 Oz
The Baird Mint 1 Oz Rhodium Bar is one of the small numbers of rhodium bullion products on the market.
Jewelry by CBMint
Below, you can find the jewelry products that they sell.
CBMint Review: Selling to CBMint
You can sell any precious metal coins and bar that you have to CBMint. Plus, they promise to give you the best price possible for these items sometimes at current spot price. However, they don't just simply buy from everyone to ensure quality and authenticity.
Below, I have listed these criteria:
- Be a registered CBMint customer for a month, with a qualified telephone number.
- You should have made at least 10 successful transaction in CBMint.com or have a lifetime purchase of more than $3,500.
- The items you are trying to sell are name-brand bullion products featured on CBMint.com
- Your products must pass CBMint's independent inspection.
They will pay you the spot market price of your precious metals when it arrives on their processing facility. After it passes all of their criteria, CBMint will pay you either through bank transfer or business check. So in order to start selling to them, you have to get in touch with a CBMint representative.
These seems to be a lot of hassle just to sell some items. However, CBMint promises that it will be worth your while as they will give you the best possible products.
Self-Directed Precious Metals IRA
With CBMint, you can have the ability to use precious metals to fund Individual Retirement Accounts or IRAs.
Precious IRA Metals are self-directed IRAs, meaning that you, the investor, chooses the actual IRA-approved products which go into your account.
More so, CBMint has partnered with The Entrust Group, one of the most trusted IRA custodians in the United States.
You can have a precious metals IRA by:
- First, open and fund a Self-Directed IRA
- Next, purchase precious metals to fund your IRA
- Lastly, CBMint ships your precious metals directly to a depository
CBMint Purchasing Process
There are two ways to buy CBMint products. You can either call them at their contact number or you can also use their website which also acts as an e-commerce website. First, you would need to create an account before you can start adding products to your cart. After that, you can then proceed to checkout and fill in your billing information.
Below, I listed the payment methods accepted by CBMint:
- Credit Card (American Express, Discover, Mastercard, Visa) - $100 minimum up to a maximum of $5,000 purchase
- Bank Wire - Minimum of $1,000 purchase up to $50,000. 4% discount
- Paper Checks (Personal Check, Cashier's Check, Certified Check) - Limited to a maximum purchase of $50,000. Plus, they give a 4% discount if you pay using this method.
CBMint will only deliver purchases using Credit/Debit cards to the address registered on the card itself. Plus, you must mail paper checks within 2-3 business days addressed to CBMint LLC.
However, if you want to purchase a huge amount of precious metal products, then I recommend you do so by calling them. This way you can clarify all questions that you might have for a smooth process. Furthermore, you must also provide a valid credit card information even if you are paying through your bank or paper check. After you finish filling in your billing information, they will then send you your confirmation number through your e-mail address.
CBMint Review: Shipping Fees and Insurance
They also offer free shipping to states located in continental US. USPS, FedEx, or USPS handles the delivery of products which can take 1-30 business days. Additionally, CBMint offers insurance for your orders at no additional cost. However, Puerto Rico, Alaska, and Hawaii are not eligible for the free shipping service. Plus, shipping costs to Canada is also a little bit more expensive starting at $20 dollars for orders below $400 up to $595 dollars for orders greater than $80,000.
We will know more about this as we go on in this CBMint review.
CBMint highly advises their customers to review the products in their cart before purchasing them as it would be difficult for them to change it once its placed. However, if you want to cancel or return a product then you would have to pay a cancellation fee of $40. Additionally, you would also pay for the market loss fees as stated by their market loss policy.
CBMint Review and Ratings (2023)
There aren't a lot of customer reviews of CBMint online. The only customer ratings and reviews I have found of them is from their Better Business Bureau (BBB) profile where it is rated 3 out of 5 based on only 6 customer reviews. Plus, they are BBB accredited with a BBB rating of A+. However for a company that has been operating for 9 years, it does not look good when you only have these much ratings and reviews from customers.
Below, I have listed some reviews of precious metals companies you should check out if you are not comfortable with these reviews of CBMint.
What I Like About CBMint
Free and Cheap Shipping Fees
Shipping on CBMint orders to the Continental United States is absolutely free.
However, shipping to Puerto Rico, Alaska, Hawaii, and PO Boxes is as follows:
- Less than $100: $5.95 – (Including Delivery Confirmation and Insurance)
- $100 - $2,499: $9.95 – (Including Delivery Confirmation and Insurance)
- $2,500 - $4,999: $40 – (Including Signature Confirmation and Insurance)
- $4,999 - $9,999: $80 – (Including Signature Confirmation and Insurance)
- $10,000 - $14,999: $100 -- (Including Signature Confirmation and Insurance)
- $15,000 - $19,999 : $160 – (Including Signature Confirmation and Insurance)
- $20,000 - $29,999: $185 – (Including Signature Confirmation and Insurance)
- $30,000 - $49,999: $255 – (Including Signature Confirmation and Insurance)
- $50,000 or above: $345 – (Including Signature Confirmation and Insurance)
Simple Buying Experience
Their checkout process is simple, secure, and flexible.
They also give users the option to use any of the various payment methods available.
More so, Shipping and Insurance on CBMint bullion purchases are always free to addresses within the continental United States.
CBMint uses the latest in encryption technology to ensure a secure and safe shopping experience.
Furthermore, They value your privacy and only collect the necessary information to complete your purchase.
What I Don't Like About CBMint
Mixed and lacking Reviews
There are positive and negative reviews with CBMint. Sometimes they offer good customer service, sometimes they don't. So, I'm not so sure if we can trust this company. Furthermore, there aren't a lot of customer reviews about them out there.
Is CBMint a SCAM?
To conclude this CBMint review, CBMint is NOT A SCAM. Plus, they offer a lot of helpful services in the precious metals field. However, they do not have a lot of customer rating and reviews. Furthermore, some of these reviews are negative.
It is kind of confusing if we should trust a company that has a lot of bad reviews.
So even though they are not a scam, I can't recommend this precious metals company to you.
CBMint Review: Final Thoughts
When it comes to precious metals and IRAs, I can only think of one company to trust, and that is GOLDCO.
Goldco is a leader in the precious metals industry, with over a decade of experience helping customers protect their retirement savings.
If you have an IRA, 401(k), 403(b), TSP, savings, or similar tax-advantaged retirement account, a Goldco Specialist can help you protect those assets with a Precious Metals IRA.
You may learn more about them by clicking below!
Thank you for reading our CBMint Review! You can leave your comments below!