American Bullion Review: Is the Gold Dealer Legit?

Founded in 2009, American Bullion is one of the larger and more well established precious metals dealers in the U.S.

The gold dealer sells precious metals directly on their online website, but specialize in setting up Gold IRAs for customers across the United States.

The company prides themselves in having pioneered the streamlined Gold IRA set up process that is today mimicked by many of their competitors.

Below, we'll review the company's background, online reputation, and cover both the pros and cons of working with American Bullion, Inc.  

However, it's important to note that American Bullion is not one of our top recommended gold companies for 2024. 

For our full list of top gold dealers, click here.

To learn more about our top recommended company, click here.

Company History

Orkan Ozkan and Nevtan Akcora brought years of experience as commodity brokers into launching American Bullion. They started the company with a vision to offer Americans an easy way to hedge their retirement portfolio against economic uncertainty with precious metals.

In 2013, American Bullion was the first precious metals dealer to accept bitcoin. The company has created a Scholarship program for students in need of financial aid, and has earned awards in recent years including the Bullion.Directory “Bullion dealer of the Year” award for both 2017 and 2018.

American Bullion’s founders have been featured and quoted in the media and recognized across mainstream financial publications such as Business Insider, MarketWatch, Fox, and more…

Related: How to Diversify Your 401(k) with Physical Gold and Silver (Free Guide)

American Bullion Review: Online Ratings and Complaints

While the gold IRA dealer prides itself in being a top-tier dealer, we review what their actual customers have to say. Here’s what we found across the consumer watchdog review websites:

We were able to find a few complaints against the gold dealer, but nothing that stand out as red flags to us. You can read through some of the American Bullion reviews in the above links. 

It’s important to note that the gold company has been in business for over a decade and have completed millions of dollars in transactions. With a large customer base, and such a high volume of business, a few complaints are to be expected.

Related: Best Gold IRA Companies for 2024 (Ranked and Rated)

American Bullion Review: Pros and Cons

What do we like about the company? American Bullion is an established and trusted precious metals company. They’ve been in business over a decade and have a track record of positive reviews from happy customers across the U.S.

They’re members of the National Ethics Association (NEA), ICTA (industry watchdog), the Professional Coin Grading Service (PGCS), they are a U.S. Mint listed dealer, a Royal Canadian Mint listed dealer, and more. 

When compared to their peers, American Bullion is modest in fee structure, they charge a competitive premium on their metals, and the company offers a generous buyback program.

What We Don't Like About American Bullion

We don't have much to criticize. We were able to pull up a few complaints online. It appears the few customer complaints for American Bullion center around communication issues with the account representative.

If you’re going to open a physical gold or silver IRA with American Bullion, Inc, you’ll likely have a positive experience, but just make sure to get all questions answered before making any purchase.

Make sure to get all fees, costs, and pricing of your metals in writing. This allows less room for any possible miscommunication that could stem from dealing primarily over the phone.

Also, do not hesitate to contact more than one dealer and compare everything before deciding on American Bullion or a competitor.

American Bullion is an industry veteran with thousands of happy customers across the U.S., but there are many alternative assets dealers available for your selection. Due diligence ensures you’ll make the right decision with your savings.