If you are looking for reliable precious metals firm, you must have heard about CBMint. Can CBMint be trusted? Read our comprehensive CBMint review to find out whether they are legit or scam.
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Table of Contents
- 1 What Is CBMint?
- 2 CBMint Review Summary
- 3 Location:
- 4 Address:
- 5 Year Founded:
- 6 Management:
- 7 Website:
- 8 Rating:
- 9 CBMint Products & Services
- 10 CBMint Pricing & Fees
- 11 How to Buy from CBMint
- 12 Pros of CBMint
- 13 Wide Variety of Products & Services
- 14 Offers Precious Metal IRAs
- 15 Free Information
- 16 Free Shipping to Some Addresses
- 17 Cons of CBMint
- 18 Negative Reviews and Complaints
- 19 No Information About IRA Fees
- 20 CBMint Reviews, Accreditation & Rating
- 21 Is CBMint a Scam or Legit Firm?
- 22 CBMint Alternatives
- 23 CBMint Reviews- Summary
What Is CBMint?
CBMint is a precious metals dealer located in Plano, Texas. Since its establishment in 2013, the company has been offering a wide range of products and services to its clients. Other than selling precious metals, CBMint also offers you an opportunity to liquidate your assets through their buy back policy. As regards precious metals IRAs, CBMint partners with The Entrust Group for custodial services. Below is a short review summary of CBMint.
CBMint Review Summary
5055 W Park Blvd STE 400
Plano, TX 75093-2590
Sante Santhanam Chary (Owner)
Rating:(3 / 5)
CBMint Products & Services
CBMint boast a huge catalog of precious metals including gold, silver, platinum, palladium and rhodium. For IRA investors, there are multiple IRA-approved bullion to choose from. Here are a few examples of products offered by CBMint.
- 1 Kg Gold Bar
- 1 oz. Canadian Gold Bar
- American Gold Eagle
- Austrian Gold Philharmonic
- Gold Krugerrand
- Canadian Gold Maple Leaf
- American Silver Eagle
- Canadian Silver Maple Leaf
- American Platinum Eagle
- Canadian Palladium Maple Leaf
- 1 oz. Rhodium Bar
CBMint Pricing & Fees
Pricing information is displayed alongside each coin and bar. The prices will vary depending on the products but most of the bullion coins and bars are priced slightly above the spot price. CBMint does not charge commissions or service charges. Also, there are no hidden fees and the listed price is the only price you will pay.
As for IRA fees, CBMint is not straightforward about account set up fees, annual administration fees as well as storage fees. To get the correct information about IRA fees, you must contact the company.
How to Buy from CBMint
You can place your order through phone or simply through their website. If buying through their website, you can start off by creating an account and checking the prices of bars and coins in the different available categories. Select the products you wish to purchase by weight, quantity and price and proceed to checkout to place your orders. Accepted payment methods include credit card, debit card, personal check, cashier’s check and certified check.
Pros of CBMint
Wide Variety of Products & Services
CBMint is one of the companies that offer a vast selection of precious metals ranging from gold, silver, platinum, palladium and even rhodium coins and bars.
Offers Precious Metal IRAs
Through partnership with The Entrust Group, Precious metal IRAs are availed for retirement savers who wish to diversify their portfolios with bullion. Setting up an IRA with CBMint is quite simple and involves a few quick steps.
Free product information, free investment guides, FAQs and a glossary of terms are available on CBMint’s website to enlighten you on the procedures and benefits of investing in precious metals.
Free Shipping to Some Addresses
As part of their mission to provide customers with quality products at lowest cost possible, CBMint offers free shipping and insurance to residential addresses in the lower 48 United States.
Cons of CBMint
Negative Reviews and Complaints
We found negative reviews and complaints on the BBB with majority of the complainants accusing CBMint of failure to fulfill orders.
No Information About IRA Fees
No information is provided about IRA fees by the company. We always prefer companies that disclose their IRA fees since doing so saves investors time and protects them from gold IRA scams. As you might know, many people have been scammed through the so called hidden fees.
CBMint Reviews, Accreditation & Rating
On the BBB, CBMint boasts an A+ rating, 7 customer reviews and 4 customer complaints in the past 3 years. The firm lacks reviews on our other four trusted review websites- BCA, Yelp, Trustlink and Trustpilot.
Is CBMint a Scam or Legit Firm?
CBMint doesn’t seem like a scam since they have credible reviews on the BBB. Besides, they are BBB accredited since 2015.
CBMint Reviews- Summary
Since its establishment in 2013, CBMint has strived to offer high quality products at affordable prices. Other than a wide variety of products on their website, free information is also provided to help you understand how precious metals investments work. In spite of the good work they do, the company lacks transparency regarding IRA fees, and have got negative reviews and complaints on the BBB.