Augusta Precious Metals Fees

Augusta Precious Metals Fees

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Adding precious metals to a Gold IRA can help you save for retirement. Gold, silver, and other precious metals are highly treasured across the globe and represent an excellent investment, according to many financial experts. Moreover, with the current stock market volatility, moving some of your money to an alternative asset, such as gold, can help protect the overall value of your portfolio.

Augusta Precious Metals is a top name in the industry. If you're looking to open a Gold IRA, you may be thinking about giving your business to Augusta Precious Metals. Before you make a final decision, we've put this review together to help you learn more about Augusta Precious Metals and the fees they charge their Gold IRA customers.

About Augusta Precious Metals

Augusta Precious Metals Fees

Augusta Precious Metals was founded in 2012 by Isaac Nuriani. Nuriani started the company to support his clients in meeting their financial goals for retirement through investing in precious metals.

When you visit Augusta Precious Metals' website, you can learn more about the company's three commitments. These commitments include transparency, simplicity, and service. They want their customers to feel comfortable working with the company and aim to provide top-quality service with a streamlined purchasing process.

With an A+ rating from the Better Business Bureau and an AAA rating from the Business Consumer Alliance, Augusta Precious Metals has established themselves as a highly reputable company. These ratings are the highest offered by either of these review organizations.

Possibly even more telling than the high reviews from the BBB and Business Consumer Alliance, are the reviews left by past Augusta Precious Metals customers. These high reviews, which can be found on TrustLink and Facebook, speak to the way the company operates and what you can expect as a customer.

Augusta Precious Metals Fees

So, what types of fees should you expect as an Augusta Precious Metals customer? The first fee you'll want to prepare for is the $50 initial set-up fee. This one-time fee covers the time that your account representative will spend helping you open your account and choosing the precious metals you want to hold.

After the initial set up fee, there are two additional fees that are charged every year. Each year, you'll have to pay a $100 administration and maintenance fee, which is pretty standard across different companies. You'll also be assessed a $100 annual storage fee. This fee covers the storage of your precious metals in an approved depository, and in unavoidable since the IRS has strict regulations regarding where IRA metals can be stored.

Augusta Precious Metals will waive shipping and transit fees on all qualifying orders.

Another important item to note related to Augusta Precious Metals is the company's account minimum. They require investors to have a minimum of $50,000 to invest. This minimum is one of the highest in the industry.

Why You Should Invest in Precious Metals

Augusta Precious Metals Fees

If you're new to investing in precious metals, you may be wondering whether it is the right financial move for you. While only you and your financial advisor can make a decision about what to do with your money, there are several financial experts who view gold, silver, and other precious metals as a smart investment.

One of the reasons why these experts recommend investing in precious metals is because it allows you to diversify your portfolio. Rather than leaving all of your money invested in the stock market, they say that alternative assets, such as gold and silver, should take up a percentage of your portfolio. This diversification of your money means that you'll be less severely impacted if any one area of your portfolio suffers a decrease. For example, if the stock market crashes, the overall impact on your portfolio won't be as great because you'll have the precious metals to balance out your investment.

Holding precious metals in an IRA also means that you're eligible for the favorable tax laws designed for IRA holders. Allowing your wealth to grow without the worry of paying taxes until you begin taking disbursements in the future is a huge benefit.

Gold and silver are coveted precious metals that individuals across the globe seek to own. The demand for precious metals continues to rise, especially as we discover new ways to use them for manufacturing, technology, and even medicine. This high demand helps give investors confidence that their value will only continue to rise over the years, making them a stable investment.

Because of this high demand and the value of precious metals, they are also easy to liquidate. After you retire, you'll have the option of taking physical possession of the precious metals in your account, or you'll be able to choose to sell them to receive cash. If you want to sell them, finding a buyer should not take long due to the popularity and desirability of these precious metals.

Opening a Gold IRA with Augusta Precious Metals

Augusta Precious Metals Fees

Do you think you're ready to set up a new Precious Metals IRA with Augusta Precious Metals? Helping their customers diversify their portfolio by opening a Gold IRA is one of the company's areas of expertise. The Augusta Precious Metals team is available to work with you to simplify the process and address any questions you have.

The first step is to reach out to an account representative. You can call the 800 number on the website or complete the "Contact Us" form if you'd prefer. Once you start working with your account representative, they'll share more about how the process works and all the paperwork that will be required.

Your representative will also set you up with a Gold IRA custodian. Working with a Gold IRA custodian is necessary, as these individuals have been approved by the IRS to handle funds for an IRA. Your Gold IRA custodian will help you verify that your existing retirement account is eligible for a rollover, then they'll initiate the transfer of funds to your new Precious Metals IRA.

As soon as the funds arrive at Augusta Precious Metals, you can select the gold and silver coins and bars that you'd like to hold in your account. This can be an overwhelming process with so many available options, so don't hesitate to ask your account representative for their recommendations. They are there to help and may have valuable insight to help you achieve your financial goals.

Each year, you will be able to contribute up to $6,000 to your Gold IRA (or $6,000 total spread out between multiple IRAs). If you are 50 or older, the IRS allows you to contribute additional funds, for a total of $7,000.

IRA-Approved Coins and Bars

Augusta Precious Metals Fees

The IRS has strict regulations in place regarding the types of precious metals that individuals can hold in their retirement account. Gold and silver coins and bars must meet the minimum purity levels of 99.5% for gold and 99.9% for silver.

Augusta Precious Metals offers an assortment of gold and silver coins and bars that meet these minimum purity requirements laid out by the IRS. Several of the available options to choose from are listed below.


  • Gold Austrian Philharmonic Coins
  • St. Helena Gold Sovereign Coins
  • 10-ounce Gold Bars
  • 1-ounce Gold Bars


  • Silver American Eagle Coins
  • America the Beautiful Silver Coins
  • Canadian Silver 5 Blessings Coins
  • Silver Canadian Maple Leaf Coins
  • Austrian Philharmonic Silver Coins
  • 100-ounce silver bars
  • 10-ounce silver bars

Secure IRA-Approved Storage 

Augusta Precious Metals Fees

Precious metals held in an IRA are required to be stored in an IRA-approved depository. The IRS does not allow individuals to take possession of their bullion before they meet the retirement age of 59.5. Taking possession of your metals before this time can result in hefty fees and taxes.

Augusta Precious Metals works with the Delaware Depository to offer secure precious metals storage to their IRA clients. The Delaware Depository has an exceptional reputation in the industry, so you can rest assured that your metals will be protected and waiting for you.

In addition to the secure vaults and other measures that are taken to keep your metals safe, all of your investments will also be protected by a $1 billion all-risk insurance policy underwritten by Lloyds of London. With these measures in place, in the extremely unlikely event that anything happens to your precious metals, you won't be responsible.

Augusta Precious Metals: Ready to Invest?

Augusta Precious Metals is a trusted company that can help you set up a Gold IRA. The IRA fees they charge are consistent with what you'll find with many other precious metals providers. If you're ready to start benefiting from holding precious metals in your retirement account, now is the perfect time to reach out to Augusta Precious Metals. A member of the team will help you get the process started right away.

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