|BBB Accredited Rating
|No Rating (Being Updated)
|BCA Accredited Rating
based on 676 reviews
|IRA Transfer Process
|7-21 Business Days
|401(K) Rollover Process
|Annual Admin Fees
|Annual Storage Fees
|Min Purchase Amount
|Physical IRA Application
|Digital IRA Application
|U.S. Mint Listed Dealer
|Waives 1st year fees.
Merit Gold And Silver About & Background
Merit Gold was founded in 1986 by Peter Epstein. Since its start Merit Gold claim to have worked with 250,000 clients.
Merit Gold And Silver TrustLink reviews
Merit Gold & Silver are rated 5 stars on TrustLink, based on 673 reviews (June 2014).
Founded by the Better Business Bureau in 2008, TrustLink is a forum for consumer compliments and complaints. They uses redundant fact-checking systems so that consumers can depend on the quality of posted ratings and reviews. Consumer reviews are posted without editing and consumers can see exactly what other consumers think about companies. Unlike other online review portals no business can pay for a rating or post their own reviews.Using these practices, TrustLink has quickly become one of the most trusted sites on the web.
Merit Gold And Silver BBB (Better Business Bureau) review
N/A. Merit Gold & Silver is under review by the Better Business Bureau for its practices and complaints. There are, however, 50+ complaints filed with BCA (see below).
What’s BBB rating?
For more than 100 years, BBB has helped consumers find businesses they can trust. Companies are graded from A+ to F through 16 different variables such as “time in business”, “competence”, “complaints” and “background information”.
Merit Gold And Silver BCA (Business Consumer Alliance) review
50+ complaints. Rated AA.
Complaint Closing Statistics (last 3 years)
|No. of Cmpl
|Type of Response
|Making a full refund, as the consumer requested
|Making a partial refund
|Agreed to make an adjustment
|Refusing to make an adjustment
|Refuse to adjust, relying on terms of agreement
What’s BCA rating?
The Business Consumer Alliance, Inc. is a non-profit organization founded in 1936. The Business Consumer Alliance provides free services to consumers to learn everything they need to know about a business before engaging with them. The purpose of BCA is to promote business self-regulation. Through a sophisticated algorithm that evaluates several different aspects of businesses, BCA is able to assign letter grades, ranging from AAA to F which assists the public in identifying reputable or disreputable companies.
Merit Gold And Silver Complaints
There are 50+ complaints filed with The Business Consumer Alliance. There are also several reports on The Rip Off Report and Complaints Board. One customer says that he had to wait 123 days for delivery and that the Merit Gold sales representative hung up on him repeatedly. Other complaints range from bait and switch sales tactics and even elder abuse. There’s also been complaints from customer who have placed orders and later found that the prices of silver coins have increased significantly.
Bait and switch fraud scheme lawsuit
On February 13, 2014, a consumer protection lawsuit was filed by the Santa Monica Attorney’s office against Merit Gold and Silver. The complaint was filed with the Superior Court of the State of California in Los Angeles County and alleges that Merit Gold and Silver has been involved in an aggressive fraud scheme across the nation that has taken consumers for tens of millions of dollars.
Pricing and storage fees
|Annual Admin Fees
|Annual Storage Fees
Delivery, 401K Rollover & IRA Transfer process
If you transfer your existing IRA to Merit (and setup a gold IRA) the process will take approximately 7-21 business days.
We have not been able to find any information about 401(K) rollover process and recommend that you contact Merit to learn more. Metal Delivery takes 10 business days.
Merit Gold And Silver Coins
Featured products on Meritgold.com include 1 oz Gold Bars, BU 1/4 OZ Gold Britannia, American Eagle 1/2 OZ, Gold American Eagle and French 20 Franc. See a full list here.