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March 17, 2021

Is Provident Metals Legit? Read My Review And Find Out!

Welcome to my Provident Metals legit review.

What is Provident Metals? Is Provident Metals a legit company? How does it work? What kind of precious metals do they offer? 

Let’s find out!

In this review, we will take an in-depth review of Provident Metals and see if this company worth looking at or it is just a waste of time and money.

This review will answer all your questions about Provident Metals and understand more about this company and see if it is a scam or not.

Here is the structure in this review:

  • What is Provident Metals?
  • How Does Provident Metals Work?
  • Provident Metals Ratings and Reviews
  • Is Provident Metals a scam?
  • Final Thoughts

What Is Provident Metals?

Provident Metals is a company that was founded in 2009.

It is an online precious metals retailer based in Dallas, Texas, and it serves clients from both Canada and the United States.

The company is recognized as an authorized member-dealer of the American Numismatic Association and an Associate Member Firm on the Certified Coin Exchange.

Interestingly, one of the few online retailers has started to accept cryptocurrencies as a payment form, such as Bitcoin.

How Does Provident Metals Works?

Like other companies, Provident Metals offers various precious metals from gold, silver, platinum, palladium, and copper bullion, coins, bars, and rounds.

If you are new to this kind of investing industry, the company offers several starter packs to guide you and buyback products.

Does It Offer IRAs?

Yes, Provident Metals has a selection of IRA-eligible products for those looking to invest. 

They also feature a tax-free ROTH IRA, which is suitable for account holders.

The additional fees associated with opening a precious metal IRA investment account are not disclosed because they are heavily influenced by the custodian you choose.

Provident Metals has partnered with Preferred Trust Company, although it is still up to your discretion.

Can they deliver the metals directly to your home?

Yes, It will be delivered directly to your home, and the deliveries are fully insured.

The shipping can be subject to free shipping depending on the subtotal. 

Also, multiple orders cannot be combined.

Let me remind you that these services are only be availed in Canada and the United States.

Below is more information from Provident Metals.

 

Provident Metals shipping

Can you store your metals?

You can, however, this through a third-party depository partner. 

Again, the fees and exact whereabouts are concerning.

Can you sell back your metals?

Yes, if you purchased a precious metal through Provident or not, you can sell it to the company.

Provided meets the minimum amount of $1,000, and you can contact their purchasing department.

Here are the three steps:

  1. Call to set up a selling account
  2. Ship your items
  3. Payment is released

Does Provident Metals provide support?

The company provides support, and it has a live chatbox on its website, so if you have any concerns or questions about the company.

You can also contact them by phone or email them as well.

Provident Metals Ratings and Reviews

Here we are going to the ratings and reviews about Provident Metals and what they have experienced when purchasing the company’s products.

The first one that we are going to take a look at is Trustpilot.

Here, Provident Metals has an average rating of 3.6 stars based on 3,672 reviews on Trustpilot.

Provident Metals trustpilot rating

The rating is good, but there are still complaints bout the company where they have a bad experience with Provident Metals.

Provident Metals trustpilot complaints

The next review website is BBB( Better Business Bureau).

Here they gave the company an A and a 4.6/5 star rating from 42 Customer Reviews.

This means that almost all of them like what they have experience with Provident Metals.

Provident Metals bbb ratings

However, some of them didn’t like what they have experience with the company.

Is Provident Metals A Scam?

In my opinion, Provident Metals is a legit precious metals firm.

The company offers good products and services, which includes IRA. 

They got an A rating with BBB, and there are a lot of positive reviews about them.

However, it doesn’t mean the company is good because there are some complaints that some of them didn’t get their products and some of them failed to resolve shipping issues and more.

As you can see, it is not a good sign of it being the best precious metals firm.

So do I recommend this company to you? Even though they have a good rating, I can’t recommend this company to you because I don’t want you to have a bad experience just like what we see above.

Pros

  • Wide variety of products
  • Several payment methods available

Cons

  • Numerous complaints about the company
  • Ships only available in Canada and the US

Final Thoughts

Now you know about the Provident Metals and what the company has to offer.

Provident Metals may sound impressive. However, the complaints of the past clients do not lie.

So I don’t want you to experience what they have experienced.

That is why what I said earlier, I don’t recommend this company to you.

If you are looking for a better alternative, then click on the button below to see our #1 recommendation

Thank you for taking the time to read my Provident Metals legit review. If you have any questions or experiences with this company, please share in the comments below.

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