From Mint to Market: Endeavor Metals Group Review

At a Glance

Endeavor Metals Group is a precious metals dealer headquartered in West Palm Beach, Florida that sells gold,silver, platinum, palladium, rhodium, bars & coins. They also offer precious metals IRA’s. With more than a decade of experience, they cater to both experienced and new investors, offering competitive pricing and specialized services. As dealers for the US Mint, Perth Mint, and Royal Canadian Mint, they get direct access to a wide range of products from these prestigious mints. Their certified coins are submitted to three major grading services: the Numismatic Guaranty Corporation (NGC), the Professional Coin Grading Service (PCGS), and the American Numismatic Association Certification Service (ANACS), to ensure that they are of premium quality.

Features

Precious metals IRAs: Investors can broaden their retirement portfolios by purchasing physical gold, silver, platinum, and palladium products offered by Endeavor Metals Group. The first step in opening your IRA account is choosing a precious metals custodian. Then, Endeavor will assist you in selecting metals approved for your IRA. Individuals under the age of 50 are restricted by a maximum contribution of $7000, while for those above 50, it's $8000.

Premium metal coins and bars: The company provides a variety of coins and bars. Their coins offer higher liquidity but may come with higher premiums. Approved coins for IRAs include popular options like American Eagle and Canadian Maple Leaf, meeting specific fineness requirements. As a dealer for renowned organizations such as the United States Mint, the Royal Canadian Mint, and the Perth Mint, Endeavor ensures satisfaction with all their products. It's important to note that IRA eligibility focuses on the metal content of the coins rather than their collectible value.

The company offers other perks and services, which include:

Insured shipping: Endeavor insures shipping services for precious metals. Maintaining proper insurance coverage when shipping these items is crucial to safeguard against potential loss or damage during transit.

Secure storage: The company provides secure storage options for investors seeking to shield their precious metal holdings. The company ensures that your specific bars or coins are physically segregated and stored in a secure vault, guaranteeing their exclusivity and preventing unauthorized use by others. This allocated storage approach effectively mitigates the risk of co-mingling or mismanagement of your tangible assets.

Order cancelation: Endeavor maintains specific terms and conditions for order cancellation. Customers are required to initiate cancellations or offsets during regular business hours, which are from 8:30 AM to 5:00 PM EST, Monday through Friday.

Pricing

Due to the fluid nature of the precious metals market, you must contact Endeavor directly for accurate and up-to-date bullion pricing. With regard to custodians, Endeavor doesn't partner with custodians and may only suggest certain depositories. They don't provide information on fees for services like insurance, secure storage, annual fees, and IRA administration. Custodian fees will vary based on the specific custodian chosen.

Advantages

Promotions and discounts

Endeavor offers their customers 5% off their first purchase upon signing up for their campaign for a limited time. This applies to full-priced numismatic products only. Another instance of their discounts applies to customers paying with cash, including payments by check, money order, cashier's check, bank wire, or trade.

Buyback services

Endeavor provides a buyback program encompassing a range of precious metal products such as coins and bars. This convenient service enables customers to sell back select items to the company. Notably, transactions can be reported to the IRS in some instances, necessitating a Form 1099-B. Additionally, certified coins, graded by esteemed services like NGC or PCGS, are among the products eligible for repurchase.

Secured directly from major mints

The company's direct procurement of products from major mints guarantees authenticity, top-notch quality, and competitive pricing for their clientele. They also ensure to inspect their products using services like The Fisch and Sigma Pro. Furthermore, their partnership with third-party depositories and storage solutions ensures the safety of these valuable investments.

Free shipping on all orders

Endeavor Metals Group's complimentary shipping policy underscores their dedication to delivering a smooth and economical experience for their clientele. Moreover, it highlights their competitive advantage in the precious metals industry, distinguishing them from other dealers who may not extend free shipping for all orders, irrespective of their value.

No minimum order requirements

This flexibility means customers can buy any amount of precious metals without being restricted by a minimum order condition, making them an appealing choice for individuals interested in investing in precious metals. This approach is especially advantageous for those aiming to bolster their portfolios with minor investments. It empowers customers to initiate their precious metal ventures with any sum they feel comfortable with.

A+ rating on the BBB

Endeavor Metals Group has been awarded an A+ rating by the Better Business Bureau (BBB). This rating demonstrates their legitimacy in the precious metals IRA sector and highlights their commitment to delivering accessible premium metal products. By adhering to these benchmarks, Endeavor has showcased their dependability and credibility to their clientele and the BBB.

Disadvantages

Specific prices are not advertised on their website

While Endeavor displays numismatic coin pricing on their website, many other products, such as real-time pricing quotes, require contacting a representative. Additionally, because Endeavor doesn't partner with custodians and may only recommend specific depositories, they refrain from providing information regarding fees for services such as insurance, secure storage, annual fees, IRA administration, and more.

Does not handle custodial services in-house 

Endeavor Metals Group doesn't offer in-house custodian services for precious metals. Instead, they partner with third-party depositories to guarantee the secure storage of precious metals held within self-directed IRAs. When procuring precious metals through Endeavor Metals Group for your IRA, you have to designate a third-party depository location for physically storing your IRA-owned assets.

Customer Reviews

Throughout the years, Endeavor has garnered positive feedback. They earned a BBB accreditation and an A+ rating with a 5 out of 5 score based on eight reviews. Additionally, they have achieved a score of 5 out of 5 on Google Reviews.

Positive reviews

Positive feedback highlights Endeavor's exemplary customer service, with clients consistently praising their representatives for being helpful, professional, and patient. Many customers commend the efficiency of their delivery, often receiving their orders within 3 to 5 days. Smooth transactions and transparent communication over the phone are also commonly commended.

Negative reviews

While negative reviews are rare, they do highlight some areas of concern. Some customers expressed frustration with promotional calls after making their first purchase. Another customer, in particular, was dissatisfied with the pricing.

How Do I Contact Endeavor Metals Group?

You have several options for contacting Endeavor Metals. You can call them at 855-753-3575 or send an email to [email protected]. Alternatively, you can follow their social media pages on Facebook, Instagram, and X. If you prefer in-person interaction or if you'd like to make a cash payment, you're welcome to visit their office headquarters at 1913 S Dixie Hwy, West Palm Beach, FL 33401.

Takeaway

Known for their unwavering dedication to delivering top-notch service for over 11 years, Endeavor Metals Group has established themselves as a respected provider in the precious metals market. They provide many services and have earned a solid reputation through their affiliations with esteemed industry associations such as NGC, PCGS, and ICTA. Despite their strengths in customer service and perks like free shipping and no minimum order requirements, their services still have their downsides. The lack of transparency in pricing for bars and coins on their website and reliance on third-party custodial services present areas for improvement. However, their positive reputation, backed by a 5-star Google rating and an A+ BBB accreditation, highlights their integrity and reliability.

Read our blog for more general information about Gold IRAs. If you would like to investigate more options, check out our list of the top gold IRA providers. Utilize our comparison tool to assist in making the best decision for your needs when faced with multiple options.

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