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You have probably opened this CBMint review page because you want more information about this company. Rest assured that by reading this page till the end, you will be armed with the appropriate knowledge to make an informed decision about doing business with CB Mint or not.
It can be very helpful when you are considering investing in precious metals IRA or in a gold IRA (Individual Retirement Account) to seek a handful of varying opinions. However, we can guess that one of the big questions in your mind is, "whose opinion can I trust?"
Bear Lake Gold is an independent organization that reviews many of gold IRA investment companies. We put your investment interest at the core of all our activities while providing unbiased information and opinions about the precious metals IRA firms we review.
Our opinions are backed by rigorous research to help you make the best decisions for your financial situation. Our central aim contributes to why we have developed our rigorous review methodology to allow us to review any gold and silver company in this market fairly, comparatively, and independently. We want you to make the best choices for your financial future.
As part of our methodology, we reach out to people in the company's leadership team, employees, and clients who have bought from or sold to the company. We access knowledge about the company we are reviewing through examining past customers' perspectives, suitability, ethics, and honesty by asking these people probing questions about the company.
You will get details about the company's pricing, leadership team, products, services, and how other public review sites rate them. We will also share what we believe are the pros and cons of doing business with the company.
Our research aims to provide you with answers to these three basic questions.
Summary For Those Who Want a Quick Abridged Answer
After investigating the company, we concluded that CB Mint is not a scam. However, we did not rate them among our top thirty precious metal dealers.
If you are interested to know why we hold this view about CBMint, please read till the end of this review.
Bear Lake Gold focuses on saving considerable time and effort for our readers. We have successfully researched and ranked companies we consider far superior to the others in the niche.
These companies are Augusta Precious Metals, and American Hartford Gold. If you want to know more about these two companies, please click the relevant buttons below for their detailed information packs. We promise it will be worth your time and it is free of charge.
CBMint is a precious metal investment firm that sells precious metal products and assists interested investors in setting up their SDIRA (Self-Directed Individual Retirement Account). It was founded in 2013 and is currently headquartered in Plano, Texas. In addition, it has an A+ BBB rating.
The company has a catalog of precious metal bullion in gold, silver, palladium, and platinum categories. It even sells one-ounce rhodium bars to clients interested in buying.
When we spoke to one of the members of its employees, we were told that CBMint's main aim in the niche is "to attain the highest possible level of client satisfaction in the niche." The company's website has a full section dedicated to a well-detailed "Investment Guide." CBMint designs the investment guide to inform new and existing investors about investments in the precious metal investment niche.
We asked the customer care agent we spoke to about the details of the company's management team members, but unfortunately, we did not get any response. Then we proceeded to check the company's website and LinkedIn page. We also did not get any information about the people that make up CBMint's management team. Hence, we can say from our investigations that CBMint is not transparent about its leadership team members.
According to the details we got when we spoke to another employee, CBMint has an online marketplace for gold, silver, platinum, palladium, and rhodium purchases. He told us that “the company exists to make sure that people access high-quality products. Moreover, you can go on to buy without being scared of getting low-quality products when you buy from the CB Mint.”
Furthermore, CBMints, just like most precious metal dealers in the market, owns an eCommerce website. You can trust the website when you want to buy the precious metal bullion you want to add to your IRA.
Precious Metals
The customer care representative we spoke with told us that the minimum order amount CBMint processes for a client in the United States is '$500.' Hence, purchasing from the firm will not be a bad idea if you want to put in a large sum of money in precious metal IRA. However, if you want to test the waters in gold IRA with less than $500, you will not be able to buy metals from CBMint's website.
Insurance
When we asked about this cost, here is what we were told, "CB Mint offers shipping and insurance services to residents in the United States for at no cost." However, if you want your precious metal products shipped outside of the US, below are the fees according to the details we got from the customer care agent.
Order Amount
Cost Of Shipping and Insurance
Less than $100
$6
$100 – $2,499
$10
$2,500 – $4,999
$40
$5,000 – $9,999
$80
$10,000 – $14,999
$100
$15,000 – $19,999
$160
$20,000 – $29,999
$185
$30,000 – $49,999
$255
$50,000 or greater
$345
Order Amount
Cost Of Shipping and Insurance
Less than $400
$20
$400 – $999
$60
$1,000 – $4,999
$78
$5,000 – $9,999
$107
$10,000 – $19,999
$159
$20,000 – $29,999
$213
$30,000 – $39,999
$266
$40,000 – $49,999
$321
$50,000 – $59,999
$460
$60,000 – $69,999
$520
$70,000 – $79,999
$550
$80,000 or greater
$595
CBMint partners with different secure storage vaults and the storage fees are based on the depository you choose for storing your precious metal products.
CBMint accepts various approved payment methods. You can pay for its various products using debit and credit cards, American Express, Apple Pay and eCheck.
Some of the precious metal coins and bars available in CBMint’s catalog are;
CBMint can purchase precious metal coins and bars from you if you wish to sell yours. According to the agent, we asked about selling to CBMint, "CBMint will buy your precious metal coins and bars and pay you using the precious metals' current spot price in the market. However, you will pay for the delivery of the metals you want to sell to CBMint." He concluded his answer by saying, "there are no hidden costs with CBMint." You can contact CBMint on phone or through their website for more details.
CBMint is not an IRA custodian. However, CBMint partners with a trusted IRA custodian in the market, Entrust Group, for all their custodial solutions.
CBMints partners with eight IRS-approved depositories for secure storage solutions. Hence, if you wish to store your metals with CBMint or set up a metals IRA, you can choose any of the depositories that CBMint has partnered with for storing your precious metal products.
CBMint can send your metals to your desired address for free within the United States after you buy them. They can also ship and deliver outside the United States. In addition, they will take care of the transit of your product, ensuring that the products reach you in good condition. CBMint ships products using US Mail, Insured UPS, and FedEx
A+
From 5 complaints in the last three years
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When we spoke to the CBMint customer service department, we enquired about the company’s current promotional offerings. Unfortunately, the firm has no promotions for new clients and investors.
Suppose you want to invest in a gold IRA via a dealer giving special promotions to new clients; we suggest doing business with American Hartford Gold. You will get up to $10,000 worth of free silver if you are eligible for rollover.
Bear Lake Gold will conclude this CBMint review by giving its final opinion on this company. After thoroughly investigating this company and what it has to offer, we concluded that CBMint is not a scam company but has a legitimate operation.
However, in our professional opinion, it is not one of our top thirty recommended companies you should do business with.
We dislike that we could not find clear details about who the key management team members were and what experience they had in this type of sector. For a company that claims to serve its customers with the best products and services, not disclosing the details about the people at the helm of its affairs is a red flag.
The business does not have a lot of ratings on public rating sites; we like to see proof of good working relationships with its existing customer base. We struggled to recruit customers or past customers to answer our questions; we normally managed to get at least a dozen previous or current customers and failed to reach anywhere near this number, another red flag.
We do not want you to invest with the wrong company because your financial security and future are our top priorities. Hence, we have reviewed and rated the top two precious metals companies you can invest in ahead of your retirement.
Our top two recommended companies are Augusta Precious Metals, Goldco, and American Hartford Gold. These companies do not just have transparent management teams; they also have transparent pricing and 5 star reviews on public rating sites.
If you wish to know more about these companies before investing in precious metals through them, please read the "Top Two CBMint Alternative" section below. You can request their total reviews also by clicking the buttons below.
Our #1 Precious Metals & Gold IRA Company - Best Overall
Augusta Precious Metals is our best rated overall precious metals company
Client care is exceptional
Pricing is highly competitive
Gold educational program second to none
The best investment guide in the industry
Zero complaints on BBB & BCA
Free shipping on all orders
Our #2 Gold & Silver Company -Great Prices and Great Customer Service
American Hartford Gold is our third top-rated precious metals dealer.
