Are you in the market to buy precious metals including platinum, silver, and gold to add to your portfolio of investments? Maybe you’ve heard a great deal about precious metals investing and the portfolio diversifying benefits that it provides. Or maybe you heard that it’s a great way to easily liquidate investments and it’s an excellent hedge against inflation. Either way, if you’d like to learn more about Affordable Jewelry & Precious Metals – otherwise known as AJPM – then stick around to discover if this is the right company to invest with.
In the following sections, we will tell you a lot more about this company, their products, and the experiences of past customers. After reading our review, you should have a good idea of the answers to questions that you might have. This will help you decide whether or not it’s a good idea to do business with AJPM.
IMPORTANT – before we get too far in this review, we’d like you to know we’ve vetted quite a few companies in this space.
We know that selecting a company to work with is a major financial decision and something not to take lightly. InvestingInGold.com has put in extensive research spanning many years in order to compile a list of the 5 highest recommended companies for this year.
==> See our #1 recommended company for precious metals investing
We urge you to view the links to see where AJPM stacks up against the competition.
About the Company
It was originally founded in 1991 by Rodney and Vicki Scott. Before opening this business, they were already in the precious metal space in Portland, Oregon and had four other prior businesses. Some of the other companies they owned included Medallion Specialties Inc., Portland Minting Company, and more.
After forming the company in 1991, they consolidated all of the separate precious metals companies owned by the Scotts. The new company is called affordable jewelry and precious metals, which they have shortened to AJPM. They currently own three storefronts in the state of Oregon but also sell products on the Internet to people from all around the world.
Gold Bullion
The company provides a wide selection of products made of gold bullion for their investors. And for many of these products, they even share the marketplace price right on their website, but there are certain pieces that require a phone call or visiting one of their locations to get specific price info. If you’d like to begin as an investor and start purchasing gold bullion from AJPM, you may want to consider purchasing some of the following bars and coins for your portfolio:
- American Eagle 1 Ounce Gold Coin
- American Eagle ½ Ounce Gold Coin
- American Eagle ¼ Ounce Gold Coin
- American Eagle 1/10 Ounce Gold Coin
- Canadian Maple Leaf 1/10 Ounce Gold Coin
- Canadian Maple Leaf ¼ Ounce Gold Coin
- Canadian Maple Leaf ½ Ounce Gold Coin
- Canadian Maple Leaf 1 Ounce Gold Coin
- American Gold Buffalo Coin – 1 Ounce
- Australian Gold Kangaroo Coin – 1 Ounce
- Austrian Gold Philharmonic Coin – 1 Ounce
- South African Gold Krugerrand Coin – 1 Ounce
- Perth Mint Gold Bars – 1 Ounce
- Perth Mint Gold Bars – 100 G
- 1 Kg Gold Bars
- British Sovereign Gold Coins
- 20 European Gold Coins
Silver Bullion
Many successful investors also recognize the tremendous value of owning silver bullion. Plus, science and technology are discovering more and more reasons to use silver in the medical field, and creating new technology, during manufacturing, and more. The increased need for silver means the demand for this precious metal will continue to remain very high. Next, you’ll discover a number of different silver bars and coins to purchase as an investor from AJPM.
- American Eagle Silver 1 Ounce Coin
- Canadian Maple Leaf Silver 1 Ounce Coin
- Austrian Philharmonic Silver 1 Ounce Coin
- Australian Kangaroo Silver 1 Ounce Coin
- South African Krugerrand Silver 1 Ounce Coin
- 90% Silver Bags – $1000 Each
- Silver 1 Ounce Rounds
- Silver 10 Ounce Bars
- Silver 100 Ounce Bars
Platinum Bullion
Are you thinking about adding platinum investments to your budding portfolio? Some companies failed to offer platinum to its investors, but AJPM has platinum investments available in a limited supply. Platinum is considered a highly coveted and very rare precious metal that is a great option for any growing retirement portfolio. The coins and bars made of platinum offered by this company include:
- American Eagle Platinum 1 Ounce Coin
- Canadian Maple Leaf Platinum 1 Ounce Coin
- Australian Kangaroo Platinum 1 Ounce Coin
- Platinum Bars – 1 Ounce
Other Gold USA Investments
As an investor, you might consider becoming a collector as well to purchase different precious metals based on certain US historical events including US gold coins. AJPM has these valuable pre-1933 gold coins and other options available and they are also certified. Prices will vary greatly depending on the grading, the date of the coin, and other pertinent info.
Some of the US coins made of gold that they offer include US liberty gold coins with a face value of $20 that were minted between 1850 and 1907. They also sell US St. Gaudens gold coins with a face value of $20 minted between 1907 and 1933.
24-Hour Special Items
Each day, this company provides special deals to their customers that are only available for 24 hours. They have a 24-Hour Specials page on their website that you can visit each day to discover what exciting deal is available to customers.
Loans against Precious Metals
Sometimes, investors find themselves in desperate need of a loan. Maybe they need to pay college tuition, upgrade their home, or pay for important medical expenses. You could receive a precious metals loan from Affordable Jewelry & Precious Metals if this option seems viable to you. You retain ownership of your precious metals, but they are considered collateral for the loan until you pay it back.
Typically, the company provides loans for coins and bars made of palladium, platinum, and gold.
Loans against Gold Investments
- American Eagle Gold Coins
- American Buffalo Gold Coins
- Chinese Panda Gold Coins
- Gold Bars from the Perth Mint
- Gold British Sovereign Coins
- 20 European Gold Coins
- Gold South African Krugerrand Coins
- Canadian Maple Leaf Gold Coins
Loans against Platinum Investments
- American Eagle Platinum Coins
- Canadian Maple Leaf Platinum Coins
- Australian Kangaroo Platinum Coins
- Bars Made of Platinum
Loans against Palladium Investments
- American Eagle Palladium Coins
- Chinese Panda Palladium Coins
- Stillwater Palladium Coins
- Canadian Maple Leaf Palladium Coins
- Russian Ballerina Palladium Coins
- Bars Made of Palladium
This company could potentially accept other possible precious metals to use as collateral. So, if you own some type of bars or coins, you should contact the company and let them know what you have to see if you qualify for a loan.
AJPM Precious Metals Purchases
Are you looking to sell your precious metals? This company is definitely interested in buying them from you. Just take a look around on their website to determine the value of the purchase that they are willing to pay for your precious metals. They have the prices available to view in the headers of the Platinum, Silver, and Gold sections located at the top of each page.
AJPM Scrap Metals Purchases
Additionally, if you’re looking to sell your scrap silver and gold for cash, you can definitely try to dump it off at AJPM. What do they consider scrap metal? Certain products like gold teeth, industrial parts that contain silver, and busted jewelry are great examples. Anything that can get melted down to be used to make new precious metals investments or parts.
These items may seem useless on the surface, but this company is definitely willing to give you good money to purchase them. And even better, you can reinvest this money by purchasing silver or gold bars or coins from their website.
On their website, go to the Scrap section and take a look at their precious metals calculator. Use it to determine how much you think the precious metals you have are worth. The calculator within this section lets you choose specific types of metals to determine the true value. Some examples are 14 karat gold, 22 karat gold, 10 karat gold, gold used in dentistry, and .925 silver. Enter the total number of grams that you possess of each type of precious metals and the calculator will determine its value.
Placing an Order
it’s not possible to place an order on their website if you’re looking to purchase platinum, silver, or gold. You can view these products online and learn about their prices, but if you actually want to order them, you need to dial the toll-free number and talk with one of their customer representatives. They will take your order via phone and give you a confirmation number that you’ll have to add to the memo line of your check when you make a payment.
To keep your order, you must mail this check within 24 hours, and once they receive the check, they will ship your order at some point in the same week. In some instances, orders may take as much as 26 days to actually ship.
AJPM Storefronts
This company has three locations that include:
- 304 SW Washington Street in downtown Portland
- 10584 SE Washington Street on the East Side
- 4620 SW Washington Avenue in Beaverton
Does AJPM Have Any Red Flags?
As I was getting this article ready, I decided to check out online reviews from trusted websites regarding AJPM. The sites I checked were Trustlink, the BBB, Trustpilot, and the Business Consumer Alliance. I always like to see how customers talk about their experiences because this information is invaluable and it’s very useful to help you learn about a company.
Unfortunately, there aren’t too many reviews online talking about AJPM. You can always search for yourself to see if you come up with better results, but the reviews that I discovered were incredibly limited. So, I cannot truly tell you how the company does business or how they treat their customers.
Just because a company has few reviews, it doesn’t mean that their services or products are terrible. On the other hand, there are so many other great companies online with thousands of customer reviews. You’ll feel a lot more confident doing business with companies with tons or reviews as opposed to those companies that have very little or none.
Ripoff Alert: Is This Company a Scam?
I can say with absolute certainty that this company isn’t a scam. They have more than 30 years of experience in this business because they first opened their doors in 1991. And Vicki and Rodney Scott have been in the precious metals industry for a lot longer. They even have three storefronts where they sell precious metals to the public in the Portland area.
The important question is, “Should I actually work with this company?” And even though they seem legitimate on the surface, I would still recommend avoiding them for a few big reasons.
For starters, the limited reviews are a major disappointment to me. A company that’s been in business for more than 30 years should have plenty of online reviews. They could either intentionally suppress them or they have so few customers that they don’t even bother taking the time to write about them. But remember, this is my opinion and it doesn’t mean that the company is doing anything wrong. They may have amazing products and services, but I still recommend staying away.
Next, the ordering process is definitely off-putting. The better online websites have an online shopping cart that you can fill up and check out right over the Internet. You do not have to call in order to place an order.
If you do call and place an order, you must pay via wire transfer, money order, cashier’s check, or personal check for any orders over $15,000. They do not accept PayPal, debit cards, or credit cards, which is a real disappointment as well.
Features
- Vicki and Rodney Scott founded the company in 1991
- The company has three physical locations in the Portland area
- You can buy platinum, silver, and gold bullion from them
- They also sell other rare coins that are pre-and certified
- You can use your precious metals as collateral for a loan
- They purchase a scrap precious metals and physical precious metals from their customers
- You must call a toll-free number to place your order
AJPM Pros
- The company has more than 30 years of experience in the business
- They sell a wide variety of platinum, silver, and gold bullion
- Customers can use their precious metals as collateral for a loan
AJPM Cons
- There are very few reviews about the company on the Internet
- You cannot buy directly from their website and have to call the place your order
- They do not accept PayPal, debit cards, or credit cards for payments
- They do not have an extensive collection of gold and silver bars or coins
Bottom Line
At the end of the day, I feel it’s best to avoid working with AJPM. There are too many better companies available to work with that have stellar reputations and hundreds or even thousands of online reviews. You’re better off sticking with a trustworthy company that you know, understand, and believe in.
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He's also a published author, and his views on investing have been featured in USA Today, Tech Times, The Huffington Post, Nasdaq, and many more.
