When you hear the phrase "cheaper than dirt," it's easy to associate it with bargain shopping or low prices. But what about "is cheaperthandirt.com a legit website?" This question might be on your mind if you're considering using this millesimal gold dealing platform. Let's explore the legitimacy and offerings of cheaperthandirt.com in detail.
Firstly, let's understand that the gold market is complex and risky, with various platforms, each with its unique offerings and risks. cheapterthandirt.com is one such platform, specializing in selling 1/1000th ounce gold coins, or millies. But is it a legitimate platform to entrust your hard-earned money?
The Platform and Services
cheaperthandirt.com is a US-based dealer, focused on selling Gold American Eagles and Silver American Eagles in millies. They offer a straightforward service: selling these valuable metals at a reduced premium over the spot price, aiming to provide customers with outstanding value.
The platform is user-friendly, with an easy-to-navigate interface, allowing buyers to purchase millies in just a few clicks. They offer direct-to-your-door delivery, with orders typically dispatched within 24 hours of purchase. However, is this convenience backed by legitimacy?
Reputation and Trustworthiness
cheaperthandirt.com has been operating since 2009, selling millions of dollars' worth of gold annually. Their longevity is a positive sign, as many gold dealers come and go due to market fluctuations or illegal activities. Positive reviews from verified buyers also contribute to their credibility.
Moreover, they are a member of the Industry Council for Tangible Assets (ICTA), a trade association representing manufacturers, dealers, and collectors of rare coins, currency, and precious metals. This membership is a vote of confidence from an established industry body.
Product Quality and Purity
The quality and purity of the products are essential factors when buying gold. cheapterthandirt.com offers both Gold American Eagles (.9167 fine) and Silver American Eagles (.999 fine), which are official US Mint coins, ensuring high quality and purity standards.
Additionally, the platform's 'millies' concept allows customers to own a fractional share of a coin, providing an affordable entry point into the precious metals market. This is a unique selling proposition that sets them apart from traditional gold dealers.
Services and Fees
cheaperthandirt.com charges a flat fee for orders, regardless of the number of millies purchased. This fee covers order processing, insurance, and shipping. While the fee supports a quick and reliable service, it's important to understand that it's not the lowest in the market, especially for small orders.
The platform also offers bulk discounts for larger orders. For instance, they provide 5% off for orders over $1000. However, there's no monthly account maintenance fee or storage fees, which can be a significant cost with other dealers.
Customer Service
Customer service is critical when dealing with high-value assets like gold. cheapterthandirt.com offers several channels for customer support, including email, phone, and live chat. Their customer service is generally praised for its responsiveness and helpfulness.
The platform also provides educational resources in the form of blog posts and guides, helping customers understand the precious metals market better. This proactivity is a positive sign, indicating a commitment to customer education and support.
Potential Drawbacks
While cheaperthandirt.com has several positive aspects, there are a few potential drawbacks to consider. As mentioned, their fees are not the lowest in the market. Additionally, the platform only deals in American Eagles, so collectors looking for a broader range of coins or bullion might need to look elsewhere.
Furthermore, the platform's focus on small, fractional coins might not appeal to investors who prefer larger, more liquid investments. Nonetheless, these drawbacks might not deter buyers looking for an affordable, user-friendly entry point into the gold market.
In conclusion, cheaperthandirt.com appears to be a legitimate platform, trusted by many for its affordability, user-friendly services, and high-quality products. However, as with any gold dealer, it's crucial to do thorough market research and understand the risks before making a purchase. The journey into the exciting world of precious metals investing starts with a well-informed first step."