Provident Metals: Should you work with the company?

By Altay Gursel | October 8, 2020

Provident Metals Review

Home / Precious Metals / Investment Company / Provident Metals: Should you work with the company?
Provident Metals

Company Background

Provident Metals (aka Provident Precious Metals, LLC) was founded in 2008 and headquartered in Dallas. The company is a leading online retailer of investment-grade precious metals and numismatic coins.

The company is currently member of below listed major organizations:

Memberships

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About the Management

Joseph P. Merrick is the Provident Metals director and manager, and the registered agent. Mr. Merrick has the best interest in a few other companies, including Gemco Global Estate Merchandiser’s Company and Wylie Gold & Silver, LLC.

His name has featured in a variety of Provident Metals-related press releases, including an article in the Wall Street Journal about the company’s strategic alliance with elemental. Mr. Josh Portlock is identified as the Customer Service Director.

Contact Details

Address: Provident Metals Corp 6125 Luther Lane, #465 Dallas, TX 75225
Phone: (800) 313-3315
Email: help@providentmetals.com
Business Hours: 8 am – 6 pm Central (Monday – Friday)
Social Presence:You can stay connected with the company using below social channels. 

Secure Online Purchasing

The protection of your personal details is crucial. Provident Metals, therefore, provides a multi-layered solution for your protection: a secure shopping cart, high-grade data encryption, and a VeriSign SSL certificate.

Confidence is vital in this sector, so you are assured by Provident that your personal information is fully secure. They promise that they will never sell or trade your information to third parties. Your faith in Provident Metals is backed by industry-leading customer service and unparalleled security.

Offered Products

They have quite a broad size of products in their inventory. Once you are on their homepage, you can easily navigate from the top menu whatever the product you are looking for. They have gold, silver, platinum, and even copper products which is rare to see nowadays offered by precious metal investment companies.

Investors can buy different forms of metals including coins, bar, bullion. If you wonder what is hot, or what people are heavily buying from the company you can visit their “Popular” section on the main navigation. The section combines all of the highly demanded products in one place.

Here are the most important product pages from the Provident Metal’s website.

Does Provident Metals offer precious metal IRA accounts?

There is nowhere on their site mentioned if they help their customers with precious metal IRAs. Most gold investment companies serve their customers in this sphere because there is a lot of money in the retirement accounts gold investment companies are targeting.

Even they may not be helping with metal-backed IRAs, they could at least show on their site if the certain listed products are qualified for an IRA. 

No depository storage help

There are very few people who invest in precious metals substantially and want to hold their assets in their homes. A trusted gold depository is far safer than home storage. Unfortunately, I couldn’t find on their site any specific information addressing this topic. 

It could be helpful for the customers to recommend certain trusted depositories especially for those who want to store their retirement assets in gold. Because retirement metals are not allowed to be stored at home. An IRS approved depository needed to securely store retirement assets.

You can reach from their homepage to the below pages that may be useful for the investors. 

  • Product Guides
  • Local Directory
  • Gold Prices
  • Silver Prices

Do they buyback precious metals?

Yes, Provident Metals buyback precious metals from investors. The company claims to offer record best prices and the best worth for the client’s gold, silver, platinum, or palladium bullion or numismatic.

Below image shows the process how the buyback process works with the Provident Metals.

buyback metals
This is how to sell your metals to Provident Metals.

How to know where is your order?

If you have made an order and you want to know the current position of it, you can simply visit where is my order page to track where your order is located. The only information you will need to verify the status of your order is your “order number” and “email address”.

Do you have questions about how does their process works?

If you have questions that you need to find answers you can visit their FAQ page. It is quite neatly structured that is likely to help you with your questions investing in Provident Metals.

Shipping Rates

The company offers free shipping, anywhere in the US, on orders of $99 or more. If your subtotal order is less than $99, your shipment will still be delivered anywhere in the U.S. Domestic for only $5.95.

While making a purchase as critical to your life as an investment in precious metals, you need to be confident that your delivery will reach it to your doorstep.

To this end, Provident provides discreet shipping labels and takes good care to seal your goods for secure shipping. All orders shipped are fully insured by the company. 

Return & Cancellation Policy

Can you exchange the products purchased from Provident Metals?

Provident Metals seems to want you to be absolutely happy with your purchasing decision. 

If you don’t feel satisfied with your order within 5 business days of delivery for any reason, the company is committed to make you a refund for as long as the item(s) remains in its original container and shape.

Shipping back to you is completely free. To start an exchange you can simply call a representative of Provident customer service.

What about return of purchased items?

Within 5 working days of delivery, the company accepts returns on all products. The product must still be in its original container and state, in order to be eligible for return.

Returns usually take 1-3 business days to finalize. Fees for shipping are non-refundable. Returns can only be requested via phone.

Cancellation for Non-Payment

Payment for ones order should be postmarked or wired by Provident within 1 working day of confirmation of the order. If payment is not accepted on time, Provident may cancel orders, and buyer would be responsible for paying any market loss fees that may have been incurred.

Selling To Provident

Once your offer is accepted, the price for your confirmed sale will be locked in upon sale to Provident. The confirmed selling can not be cancelled.

Within 1 business day of confirmation of sale, you need to provide Provident with a reference number for your product shipment. If the tracking number is not submitted on time, Provident may cancel your order, and you will be responsible for paying any accrued market losses.

By the time you read this review return and cancellation conditions may be updated by the company. Therefore, we recommend you checking out Return & Cancellation Policy page to obtain the most recent information.

Ratings

These are the main ratings and reviews we found for Provident Metals online:

  • BCA: Not Listed
  • BCA Complaints: Not Listed
  • Google+:  (2 / 5) based on 1 review (Details)
  • RipOff Report: 4 Reports (Details)
  • CitySearch: Not Rated (Details)
  • SiteJabber:  (3.5 / 5) based on 17 reviews (Details)
  • Trustlink: Not Rated (Details)
  • Yellow Pages: Not Listed
  • Yelp: (3.5 / 5) based on 5 reviews (Details)

Conclusion

Provident Metals is a solid investment company that is reputable on the market. However, there are always better alternatives to look especially in the investment sphere. The competition defines the expected degree of quality and customer satisfaction from the companies. Therefore, take your time to make your due diligence to find the best investment company to work with.

Here is why you should work with Regal Assets:

FREE first year, FREE set up, 7-day delivery, Flat rate annual fee, Brinks segregated storage, A+ BBB, #20 Inc. 500, 5-star Trustlink.

The company is offering a free Gold investment guide for a limited time, a free edition of Forbes magazines, and a free DVD providing facts about the future of the dollar and US economy.