Based out of Portland, AJPM is one of Oregon’s largest providers of gold. AJPM stands for Affordable Jewelry and Precious Metals. Since 1996 they have been providing gold trading via the internet to customers around the country. They aim to get customers by providing competitive prices. They sell both gold and silver regularly but they are also a certified seller of diamonds, platinum, and palladium. The goal is to provide a full service approach so that customers don’t have to venture to another seller for their precious metal and jewel needs.
Founded in 1991, AJPM has branched out to having three physical offices in Portland. They have a small blog with some helpful information on precious metals and investments. They also offer a trading chart at the top of most web pages so you can see the status of the 4 major precious metals on the market.
About The Founders of AJPM
AJPM was founded in 1991 by Rodney Scott and Vicki Scott. Before the pair founded the company, they had opened four precious metals businesses in Portland’s metro area as well as Washington and Vancouver. They also had another venture, the Portland Mining Company and Medallion Specialties Inc., which they founded in 1986.
This firm was the first firm in the US to be licensed by the NBA to create star player medallions, including Michael Jordan and Magic Johnson. Other medallions they made included the Oregon Trail, US Military, The Rose Festival and many more. By 1991, Rodney and Vicki Scott consolidated all their jewelry and precious metals operations into one organization, which is today known as AJPM. The two currently assist in the firm’s management at the downtown Portland office.
AJPM Gold/Silver Products and Services
AJPM seeks to provide a full-service package such that clients do not have to venture to other sellers for their precious metals and jewelry needs. The company deals in gold and silver bullion on a regular basis, but they also sell platinum, diamond, and palladium. The company also offers various types of jewelry at their storefronts but are not available on their online catalog.
Gold Bullion – The gold bullion coins AJPM offers include Maple Leaf, Eagle, Kangaroo, Buffalo, Krugerrand, Austrian Philharmonic, 1oz Perth Mint Bars, 100 grams Perth Mint Bars, 1 Kilo Gold Bar, 10oz Perth Mint Bars, European 20 Francs and British Sovereigns.
Silver Bullion – The silver bullion coins AJPM offers include 10oz Silver Bars, 100OZ Silver Bars, Maple Leafs & Philharmonics, American Eagles, $1000 90 % Silver Bags,1oz Silver Rounds, 1oz Silver Krugerrand, and 1oz Silver Kangaroo.
Platinum Bullion – The platinum bullion coins AJPM provides include Maple, Platinum Bar, Eagle, and Kangaroo.
US Gold – AJPM offers NGC and PCGS certified pre 1933 US gold that includes MS62, MS63, MS64, MS65, and MS66.
AJPM also offers custom minting services. You can have custom Medallions made in .999 Gold, .999 Silver or .999 Copper. The custom minting process is completed in three steps. The first is the Design/Concept, where the company can provide two or three-dimensional artwork.
The second is Die Cutting, where they use A2 and D2 steel for die engraving. The final step is Coining, where they offer different surface finishes depending on the metal used. AJPM has provided custom minting services to notable clients including The US Army, The US Air Force, The US Marines, The NFL Alumni, The World Wrestling Federation, and OMSI.
AJPM also purchases scrap gold at their local storefronts. The company avails a Scrap Calculator on their website. There you can check the amount the company is willing to pay to purchase a specified amount of precious metals. AJPM is not officially affiliated with any IRA custodians or gold IRA –related services. The company functions solely as a jewelry and precious metals provider.
How the Company Works
The operational model at AJPM is quite simple. Investors can place orders through the company website at www.ajpm.com. To place a buy or sell order, you first call a toll free number provided at the website. You tell a company representative the amount and type of coins you are interested in.
Your name, phone number, and address are required in order to complete your order. The prices are locked in and will be confirmed when you receive a confirmation number. You will place this confirmation number on your check’s memo line.
You enter a legally binding contract once you have placed an order and received a confirmation number. You cannot make changes or cancellations once you have received a confirmation number. AJPM accepts payment in the form of cashier checks, personal checks, and Money orders. They also accept wire transfers for any order above $15,000.
All checks have to be made payable to the shop that you are ordering from. The shop addresses are provided on the company website. Orders can take up to 26 business days, but most of them ship on the same week that you make payments. It is worth noting that AJPM has no minimum order other than one coin, there is no sales tax, and all payments have to be postmarked within 24 hours of confirmation.
The Affordable Jewelry & Precious Metals Website
AJPM’s website is definitely not the best-looking website out there and seems rather outdated. However, the website is simple and very easy to navigate. There are no advertisement banners or pop-ups.
The website features a menu with the products and services AJPM offers as well as the toll-free number for the various storefronts. At the top of the web pages is a trading chart that details the current bidding and asking prices of the main precious metals (gold, silver, platinum, and palladium) on the market. The Jewelry, the company, deals in is not cataloged on the website.
AJPM Ratings on Consumer Review Sites
AJPM’s extensive experience in the precious metals trade has helped the firm gain a relatively positive reputation in the localities they operate from. The company holds an A+ rating on the Better Business Bureau with no complaints forwarded within the past three years. They are accredited by the organization but only received the accreditation in 2012.
It is rated 4.5 stars on Yelp from 11 reviews, 3.5 stars on Yellow Pages from 3 reviews, 4 stars on Google+ and 4 stars on SiteJabber based on 17 reviews. It is worth noting that the company has received several complaints on both Yelp and SiteJabber.
AJPM is not listed on the BCA. All of AJPM’s storefronts have different listings on TrustLink, but they do not have any reviews. There is also one report found on Ripoff Report which is a good sign. The company has 31 reviews on CitySearch, of which 69 % are positive.
Overall, AJPM is among the reputable and recommendable local precious metals and jewelry dealers in and around the areas they operate out of. They have a rather modest selection of products, but they seem to offer competitive buy and sell spreads. With nearly three decades of experience in the trade, they are a well-established company that is worth doing business with.
- Competitive Pricing - More than 25 years in business
- Competitive Pricing
- More than 25 years in business
- Not listed on major consumer review sites such as TrustLink & BCA - Outdated website - No precious metal IRA related service
- Not listed on major consumer review sites such as TrustLink & BCA
- Outdated website
- No precious metal IRA related service
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This APJM review was updated Sunday, January 1, 2020
- Rated 2.5 stars
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