Frequently Asked Questions

Frequently Asked Questions

Q: Who Can Buy from the American Relief Mint?
A: Our clients include private individuals, Corporations, Collectors, Dealers, Financial Institutions, Governments, Investors and Speculators, to name a few. Whether you are looking to make a single small purchase or buy large quantities on an ongoing basis, we are happy to handle any minting needs you may have.
Q: Are bullion coins legal tender?
A: Yes, if issued by a government with an indicated face value. However, while rounds issued by private mints are not considered legal tender, they are still considered to be a primary store of value as they are linked directly to the precious metals market and often viewed as a strong hedge against inflation. Furthermore, they are a highly liquid vehicle and can be easily transferred into cash.
Q: Where do I send my payment, or if I am selling to you, where do I send my metal?
A: For where to send my payment when buying, see “Buying Instructions.”
For where to send my metal when selling, see “Selling Instructions.”
Q: Do you have a minimum order?
A: No. We are happy to sell any quantity you desire. However, minting fees incrementally become lower as purchase quantities rise.
Q: Do you have a maximum order?
A: No. There is no maximum limit to purchasing from ARM.
Q: How can I be sure of the purity in the bullion I buy?
A: Each maker, or mint, stamps their individual mint mark onto the bullion they produce. The bullion itself serves as the certificate of authenticity, as the mint mark, weight, and fineness is stamped directly onto it. ARM links each product we produce to a specific chemical analysis, known as an assay, which is completed by our refinery and ensures our stated purity standards.
Q: Is Gold Illegal to own?
A: No. However, from the period of 1933 to 1974, it was illegal for U.S. citizens to purchase gold without a license. In 1975, these laws were overturned and it is now completely legal to purchase and own gold without any governmental restrictions.
Q: Are there limits on how much gold I can own?
A: No. There are no gold ownership restrictions in the United States.
Q: Do I have to report my precious metals purchases to the Government?
A: No. There are no Federal, State, or local laws which require you to declare your precious metals purchases.
Q: Are there taxes if I sell my bullion for a profit?
A: Yes. Either long-term or short-term taxable gains apply to profits from the sale of precious metals.
Q: Are precious metals purchases of $10,000, or more, reported to the government?
A: Only if bullion purchases involve cash or cash instruments, such as a cashier’s check, which total over $10,000. No reporting is required on transactions involving bank wires or single checks. Currency laws involving cash amounts over $10,000 were specifically designed to impede activities by money launderers and drug dealers.
Q: Will you buy back my bullion if the price goes up?
A: Certainly. Precious metals prices are relative. As prices rise, we have customers purchasing from us based upon the new prices. Prices are simply adjusted based upon how many dollars will buy an ounce of a particular precious metal.
Q: Will you, the Dealer, buy back my bullion at the same price I paid for it?
A: No, as there is a term known as “spread,” which is the difference between what a Dealer pays for the metal and what he sells it for. The spread is simply what allows a dealer to stay in business and is comparable to any manufacturer selling a product for more than what it costs them to produce. Do to the extremely competitive nature of the precious metals industry, this spread, or profit margin, is extremely small, in comparison to other industries. ARM is highly committed to keeping this spread as small as possible for our clients and, in turn, enabling them to buy more precious metals for their money.
Q: Can I buy precious metals and put them into my IRA?
A: Yes you can. This requires a custodian, such as a qualified third party banking institution, which actually holds the qualified bullion in your name. Qualified depositories provide IRA storage of your physical metals.