Provident Metals Review: Is This Company A Scam Or Not? (2022)

Welcome to my Provident Metals Review!

Over the course of the past several years, investors have seen how the stock market is not always stable due to its volatility. This led to the recognition of gold, silver, and other precious metals as effective alternatives for investments. Provident Metals is one of the many companies that deal with precious metals.

The purpose of this article is to evaluate Provident Metals' authenticity. Thus, we'll go over the advantages and disadvantages of Provident Metals, reviews and ratings, as well as its features and current promos. In the end, we will find out if this company is worth it.

Provident Metals Quick Summary

  • Name: Provident Metals
  • Website: providentmetals.com
  • Founder: Joe Merrick
  • Price: $1000 minimum for bank wire, $0 minimum for Credit/Debit card, PayPal, Bitcoin, Paper check, and ACH
  • Rating: 4.7/5
  • Provident Metals logo

    What Is Provident Metals?

    Provident Metals is an investment company that deals with a wide variety of precious metals. It’s one of the new companies in the industry as it was established a few years back in 2019. Moreover, it is based in North Dallas.

    They have a quick three-step IRA concept that makes it easy for customers to open a self-directed individual retirement account.

    Some of the products they offer are silver, gold, platinum, and palladium bars and coins. If you're looking for copper, they also have loads of copper products. They even have numismatic and collectors’ coins, which will delight collectors.

    Additionally, the company purchases precious metals from people who are interested in doing so. Furthermore, it offers IRA-eligible precious metals for purchase.

    Products And Services

    Provident metals are perfect for those who are looking to diversify their portfolios with precious metals. The company facilitates investments in Gold IRAs, collector coins, and numismatic coins. Moreover, they offer doorstep delivery to investors who place orders on their website.

    Gold bullion bars of various weights and sizes are available from Provident Metals which is convenient for customers as they can choose depending on their preferences or budget. You can purchase gold bullion as small as a gram and as large as a kilogram. But there are also 2.5-gram, 5-gram, 10-gram, 20-gram options, and more!

    Even better, the company grants customers discounts if they wish to buy products in bulk. Plus, they shoulder the shipping fees if the total amount of the order exceeds $5,000.

    To offer the greatest coins and metal investments, Provident Metals collaborates with both sovereign and private mints worldwide. And they have a partner custodian which is Preferred Trust Company. 

    Moreover, Provident Metals has a site where investors may sell metals easily, such a convenient feature! They are willing to purchase your goods if it has a worth of at least a thousand dollars. Selling can be done in simple steps:

    1. Call the company and inform them that you want to sign up for a selling account.

    2. Send them your items.

    3. Get paid.

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    How Does It Work?

    By launching a website, Provident Precious Metals is able to serve consumers all across the United States at any time of day. They designed the site so that everyone could use it simply. 

    First, you need to create your own account which is easy. Visit their website and look for the button that says “Create an account.” You will then be asked to type in your name, email, phone number, and password. Continue setting up by adding your preferred payment method, there’s a variety to choose from. Finally, you can carry on with your shopping!

    For an IRA account, get in touch with Preferred Trust Company first. They will assign you to a representative who will walk you through the whole process. The custodian will then fund the transaction, and you can choose which metals to put in your portfolio at that point.

    Ratings And Reviews

    Provident metals received the following ratings from several reputable websites and organizations, as listed below:


    • BBB - A+ with 4.72/5 stars from 148 reviews
    • Trustpilot - 3/5 stars from 3,677 reviews
    • Yelp - 2.5/5 stars from 27 reviews
    • Sitejabber - 2.5/5 stars from 44 reviews
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    What I Like About Provident Metals

    • Provides a diverse selection of goods for purchase.
    • Garnered a number of reviews on the internet.
    • Diverse selection of possible methods of payment to choose from.
    • Buyback is allowed
    • Free delivery within the United States on orders that exceed $199

    What I Don't Like About Providents Metals

    • There is no live chat on its website
    • Limited to Canada and the US
    • Bad customer service
    • Unsatisfactory delivery and tracking system

    Is Provident Metals A Scam?

    With the information above, I can say that Provident Metals is not a scam. It gives sellers access to an extensive market for buying and selling precious metals. Provident Metals, in conjunction with its sister companies, is widely considered to be among the industry's finest examples of a precious metals retail establishment.

    Final Thoughts

    This business has been a BBB member since September 2019 and has maintained an A+ rating throughout that time. 

    Nonetheless, prospective clients still should be wary of the cons that come with this company. It  has often come under fire due to a combination of poor internet support, unhelpful customer service, and sloppy order tracking.

    If you're seeking a reliable precious metals which offers seamless procedures and friendly customer support, we suggest that you try Goldco

    A heartfelt "thank you" for taking the time to read this review. I hope you learned something!