Zaner Precious Metals Review

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Today's uncertain economic times have led many investors to be interested in precious metals. Precious metals like gold and silver help to hedge against inflation while protecting against stock market crashes. Many investors recommend securing a portion of your retirement portfolio in precious metals. Since 1997, you've had the option to place precious metals in an IRA.

Zaner Precious Metals is a company that offers online precious metals purchasing. But are they actually legitimate? And how do their practices compare to those of their competitors? Here's what we've found out about the company to get you started.

  • Product Type: Precious Metals
  • Owner: Matthew Zaner
  • Rating: 3.5/5

Important: Before we move on with this review...

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About Zaner Precious Metals

Zaner Precious Metals Review

Zaner Precious Metals is a subsidiary of a larger company, which is called Zaner Group. Zaner Group is a commodities broker that was founded by Matthew Zaner. The precious metals subdivision is part of the financial district in Chicago.

The company specializes in traditional types of precious metals. They sell bars and coins of platinum, palladium, gold, and silver. You can also browse their website specifically by IRA approved products. There are very specific regulations on the types of assets that you can put into a precious metals IRA, so this is helpful.

The company acquires most of their inventory directly from the supplier. This is somewhat unusual because it cuts out the middle man, allowing them to sell the bullion for a lower overall price. They buy the items the same year that they're minted, so most of their products are the most current available precious metals options.

The website does indicate that the company wants to help you with purchasing precious metals for an IRA. However, their IRA page just brings you to their partner custodian. Some other companies can streamline the process so that you don't even have to communicate with your custodian yourself. This isn't the most convenient setup in the industry.

Zaner says that they purchase and sell precious metals. However, their website doesn't have a lot of information about how the selling process works, how to get a quote, or how the items are priced. You're probably better off working with a dealer that has a more transparent process outlined.


Zaner Precious Metals Review

When you purchase an order, you will receive a tracking notification when the package is shipped out. The packages are shipped either with Brinks security or through USPS. You must be a resident of the US to have your items shipped directly to you.

If you have questions about your order, you can contact the company through their customer service line or by email. Usually orders arrive within about five days after the funds arrive, and the packages are shipped the same or the next day.

The company says that they have a good faith policy with regards to cancellations. After your order has a confirmation number, your price is locked and you are expected to pay it. Similarly, prices are locked when you sell to the company. If you need to pack your items to sell them or return them, you will need to cover the cost of shipping and insurance by yourself.

The company states that they will purchase any of the items that they sell. If you have items that aren't listed on the website, you might give them a call and ask about whether you can sell them. As a general rule, though, the company likely won't take items like jewelry, heirlooms, and other pieces that have a more subjective value.

Zaner Precious Metals Review

Zaner Precious Metals doesn't sell any numismatic coins or collectibles. They only specialize in bullion. If you want to purchase collectible coins or numismatic rarities, you're better off going with another dealer. But bullion tends to be a more stable investment because its value is not tied to the collectible aspect.

The company doesn't store any of their inventory at their actual location, so you can't pick up your order in the store. If you are making a large purchase, you can call and ask about available discounts. The more you buy at once, the greater the potential discount.

There are several payment methods available. You can use credit cards, debit cards, and even Paypal. Any transaction fees are your responsibility rather than the company's. You can also pay for your items using a direct wire transfer or by sending a check in the mail. Before items can be shipped, check payments must be held for several days.

For the most convenient and quick option, it's best to use a credit card or a bank wire transfer. Checks take a long time to process. Credit cards do have a convenience fee added, which you won't have with the bank wire option.

The company has created a guide on which coins you should buy. It is available as a free PDF on the website. You can peruse it to learn about the different types of gold coin, which ones are available for use in an IRA, and how the different types tend to perform against market forces. This makes it easier to decide on the best options for your investment needs.

Is Zaner Precious Metals a Scam?

Zaner Precious Metals Review

Zaner Precious Metals does not appear to be a scam. While it does not have its own BBB page, the page of its parent company has been accredited for more than 20 years. They have an A+ rating and over four decades of experience in the industry.

However, it is difficult to find third party reviews of the company online. It's possible that they do most of their business in person, which is why there's little online information. But if you're going to purchase bullion from an online dealer, you want to make sure that they specialize in the online business.

There's nothing that really warns you away from Zaner Precious Metals. They just don't have enough feedback for us to give them a strong recommendation. It's easier to work with companies that have a lot of solid customer feedback, since you know exactly what you're getting into with them.

Pros & Cons of Zaner Precious Metals


  • Parent company has been in the business for more than 40 years.
  • Accredited with an A+ with the Better Business Bureau.
  • Solid overall company policies.


  • Basically no customer reviews available online.
  • Website is difficult to navigate and fairly outdated.
  • Selection of coins and bullion may be limited.

Final Thoughts

Zaner Precious Metals is a legitimate company that offers various types of bullion. They allow you to browse their items by IRA approved precious metals as well. When you click on the IRA section of their website, though, it brings you to the site of their third party custodial partner.

There are other companies that actually have in-house IRA teams who can help you with setting up your account. That's a lot easier than working with a custodian, storage facility, and dealer separately. In addition, some other companies have several custodial partners, which means that you can compare their fees and decide which is best for you.

Another potential drawback of Zaner Precious Metals is that it doesn't have a lot of third party reviews. Though it has excellent ratings from the BBB, there aren't any customer complaints or reviews available. Similarly, customers haven't left feedback on other third party sites like Trustlink. The parent company also doesn't have many reviews.

This happens frequently when a company does a lot of their business in person. But when you're buying online, you want to make sure that you're working with a company that has excellent consumer feedback. Zaner Precious Metals seems to have good policies, but it just doesn't outshine the other available competition when it comes to precious metals purchasing.

Overall, we believe that there is a better option when it comes to your investment.

The above company is our top recommendation after doing extensive research. Feel free to keep doing your own research, or you can visit Zaner Precious Metals below!

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