Ethically, there should be a business built for the client, focusing on getting them the most metal for the best price.
Tragically, I discovered the owner of that company was embezzling, so I reported him to the CFTC and FBI. After ensuring that all my customers had their metals, I found myself out of a job with a son about to graduate. I went looking for another job selling metals, only to find that many companies I met with or tried working for were operating on profit margins of 35% and even 45%. They used deceptive tactics to get people to purchase items like proof or numismatic coins that would never liquidate at the price they were sold.
When I asked one sales floor manager at a well-known metals company why he thought it was okay to do this with people’s retirement savings, he said, “If we don’t do it, someone else will.” Realizing that almost every metals company I could think of was doing the same thing, I knew I had to start Callahan Assets.
I founded Callahan Assets, a bullion-only company committed to providing a place where customers could get the most metal for the best price, period.
--Ryder Callahan Ray
Many precious metals companies may try to confuse their clients by presenting portfolio examples that include a variety of different weights and ounces of random coins. This tactic is often used to make their clients believe that a diversified portfolio is the key to success while also making it difficult to ascertain the weight and actual value of the portfolio. It is designed to mislead and confuse those who are not familiar with the intricacies of investing in precious metals.
Many companies may also try to push certain coins that they have a vested interest in selling, even if those coins may not be the best fit for the investor's needs. It is crucial for investors to be vigilant and do their due diligence before entrusting their hard-earned money to anyone.
If you’re actively looking to purchase metal and a salesman has suggested proof or numismatic coins, do your retirement savings a huge favor and call around to see who is willing to liquidate those coins and at what price.
Afterward, contact us for a no-commitment quote on traditional bullion today. Whether you buy from us or not, you should feel comfortable that you are getting the best metal for you money.
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No matter who you trust to invest your gold, silver, or other precious metals, be aware of the practices that are prevelant in the market.
A precious metals IRA works just like your existing retirement account except instead of owning shares of stocks and/or bonds, you will own physical metal that is allocated to your specific account.
Possibly. If you have an IRA or an old 401k from a previous employer, you should be able to do a tax-free, penalty-free rollover. Additionally, if you are over 59 1/2, you may rollover without penalty.
This is one of the most important questions we get.
At Callahan Assets, we specialize in providing our clients with a carefully curated selection of precious metal investment options that focus on bullion bars and or coins (gold and silver). This is because there is a lot of misinformation about proof and numismatic coins, which sadly exposes many customers at other companies to bait and switch tactics.
We traditionally only sell the following:
GOLD
• 1 oz gold bar
• 1/4 oz gold US American Eagle
• 1/2 oz gold US American Eagle
• 1 oz gold US American Eagle
• 10 oz Gold bar
• 1 kilo Gold bar
SILVER
• 1 oz silver bar
• 1 oz silver round
• 1 oz silver US American Eagle
• 10 oz silver bar
When it comes to investing in precious metals, making informed decisions is crucial. One common question we get at Callahan Assets is why we don't sell proof or numismatic coins. The answer lies in our commitment to transparency, value, and providing the best investment options for our clients.
The Hidden Pitfalls of Proof and Numismatic Coins
Did you know any company can mint their own coin from the Royal Canadian Mint and set any price they'd like for it on the open market, regardless of how much value the weight of the metal actually has or how cheap it was for them to manufacture it? This fact alone should make any investor pause and reconsider where they are putting their money.
Proof and numismatic coins often carry significant premiums over their intrinsic metal value. These premiums are based on factors like rarity, design, and historical significance, which can be highly subjective and fluctuate over time. While these coins can be beautiful and hold collector's value, they are not always the best option for those looking to maximize their investment in precious metals.
The Real Value of Bullion
At Callahan Assets, we focus exclusively on selling bullion. Bullion refers to gold, silver, platinum, or palladium in the form of bars, ingots, or standardized coins. The value of bullion is primarily based on the metal content and current market price, making it a straightforward and reliable investment.
Our goal is simple: to get you the most metal for the best price. By selling bullion, we ensure that our clients' investments are directly tied to the market value of the precious metals, without the added complications and uncertainties associated with proof or numismatic coins.
Why Transparency Matters
In the world of precious metals investing, transparency is key. When you purchase bullion from Callahan Assets, you know exactly what you're getting. The price you pay reflects the current market value of the metal, plus a small premium to cover production and distribution costs. There are no hidden fees, speculative markups, or inflated prices based on arbitrary factors.
This transparency allows our clients to make informed decisions and feel confident in their investments. We believe that an honest, straightforward approach is the best way to build trust and long-term relationships with our clients.
Avoiding Common Pitfalls
Investing in proof or numismatic coins can be tempting, especially with the allure of owning a piece of history or a beautifully crafted item. However, these investments often come with risks that many investors are not aware of:
• High Premiums: The premiums on proof and numismatic coins can be exorbitant, significantly reducing the amount of metal you actually own for the same amount of money.
• Market Volatility: The value of these coins can be highly volatile, influenced by trends and collector demand, which may not always align with the broader precious metals market.
• Liquidity Issues: Selling proof or numismatic coins can be more challenging, as their value is often subjective and finding a buyer willing to pay the premium can be difficult.
The Callahan Assets Difference
By choosing Callahan Assets, you are opting for an investment strategy focused on maximizing your precious metals holdings. We believe that by providing high-quality bullion at competitive prices, we can help you build a robust and reliable investment portfolio.
Our commitment to offering only bullion means you can avoid the pitfalls associated with proof and numismatic coins. You get more metal for your money, greater market transparency, and a straightforward investment approach that aligns with your financial goals.
Conclusion
In conclusion, Callahan Assets does not sell proof or numismatic coins because our mission is to offer our clients the most value for their investments. By focusing on bullion, we provide a transparent, reliable, and cost-effective way to invest in precious metals. We encourage all investors to carefully consider their options and choose the path that offers the best return on investment. With Callahan Assets, you can trust that you're getting the most metal for the best price, every time.
We use Delaware Depository as we secure our metals from the east coast and it assists us with keeping costs down, expediting delivery, as well as it being one of the most trusted depositories in the country. There are other options, however, costs and shipping times may be subject to change.
Delaware Depository Security and Reliability
Alongside physical security, cybersecurity is a top priority as Delaware Depository maintains appropriate internal controls over the confidentiality, integrity, and availability of systems and digital assets, as confirmed by SOC-1 audits conducted by a PCAOB-registered independent auditing firm.
As a strong indicator of the level of trust placed in Delaware Depository, Lloyds of London underwriters provide $1 billion in all-risk insurance coverage to protect customers against loss of or damage to precious metals in the custody of Delaware Depository.
“At Delaware Depository, customer assets are fully allocated, independently audited, and held completely off our own balance sheet. Our core values of security, integrity, and transparency have endured since we first formed Delaware Depository to be a trusted custodian of customer assets,” stated Jonathan Potts, the Managing Director of Delaware Depository.
Delaware Depository has earned the trust of its customers who primarily consist of banks, trust companies, and entities involved in the precious metals supply chain.
About Delaware Depository
Founded in 1999, Delaware Depository is a limited-purpose trust company that provides allocated and segregated precious metals safekeeping and fulfillment services for entities and individuals that need to store gold, silver, platinum and palladium bullion safely and securely. Delaware Depository’s fortified facilities are situated in Delaware and Nevada, offering customers the ability to geographically diversify storage of bullion in locations that are distant from areas where natural disasters and terrorist acts have occurred in the recent past. To learn more, visit www.delawaredepository.com.
(link to home delivery page below)
We work with Horizon Trust as they have the best customer service in the entire industry. Read more about them here.
Visiting Your Precious Metals at the Delaware Depository
Once you purchase physical precious metals for your gold IRA through Callahan Assets, your coins, bars, and rounds are shipped to the Delaware Depository. Did you know that this depository allows owners to visit their precious metals in person? If you’ve ever wanted to see your precious metal IRA assets up close, here’s how you can do it.
Arranging Your Visit to the Delaware Depository
1. Contact Your Custodian:
• Start by reaching out to your custodian and requesting an in-person visit to the Delaware Depository.
2. Coordination:
• Your custodian will contact the depository on your behalf to initiate the visit.
3. Appointment Scheduling:
• The depository staff will then reach out to you directly to arrange a convenient appointment date and time. They will request identification documents (such as a driver’s license or passport) to confirm your identity before and during the visit. They will also confirm the details of your appointment.
4. Travel Arrangements:
• Plan your trip to the Delaware Depository in Wilmington, DE. You can make a special trip or incorporate it into a vacation, depending on your schedule.
What to Expect During Your Visit
First Impressions:
• The Delaware Depository is located in Wilmington, DE, is on a fairly busy road. From the outside, it looks like a typical office building – nothing flashy or out of the ordinary.
Security Procedures:
• Upon arrival, you will be met at the door by a member of the depository staff. Your identity and ownership will be confirmed through your identification documents. Expect to go through metal detectors, be on camera, and pass through several locked doors.
Viewing Your Precious Metals:
• You will be led to an empty conference room while another staff member retrieves your precious metals. Depositories typically use simple containers like plastic bins and cardboard boxes to keep your property organized.
Verification Process:
• Once your precious metals are brought into the room, you can verify that everything is present. You are allowed to perform your own audit, take pictures, and confirm your holdings, with a few exceptions:
• Do not photograph the depository’s employees or facilities.
• Do not attempt to remove anything from the premises.
Conclusion of the Visit:
• After you’re satisfied that everything is as it should be, or once your appointment duration ends, the depository employees will pack up your precious metals and return them to the vault. You will be courteously escorted to the exit.
Why Choose Callahan Assets?
At Callahan Assets, we are committed to transparency and security for your gold and silver IRAs. By offering storage at the Delaware Depository, we ensure that your precious metals are safeguarded in a reputable facility. The ability to visit your holdings in person provides additional peace of mind and assurance that your investments are secure.
Invest with confidence through Callahan Assets, knowing that your precious metals are not only protected but also accessible for your personal inspection.
Delaware Depository Security and Reliability
Alongside physical security, cybersecurity is a top priority as Delaware Depository maintains appropriate internal controls over the confidentiality, integrity, and availability of systems and digital assets, as confirmed by SOC-1 audits conducted by a PCAOB-registered independent auditing firm.
As a strong indicator of the level of trust placed in Delaware Depository, Lloyds of London underwriters provide $1 billion in all-risk insurance coverage to protect customers against loss of or damage to precious metals in the custody of Delaware Depository.
“At Delaware Depository, customer assets are fully allocated, independently audited, and held completely off our own balance sheet. Our core values of security, integrity, and transparency have endured since we first formed Delaware Depository to be a trusted custodian of customer assets,” stated Jonathan Potts, the Managing Director of Delaware Depository.
Delaware Depository has earned the trust of its customers who primarily consist of banks, trust companies, and entities involved in the precious metals supply chain.
About Delaware Depository
Founded in 1999, Delaware Depository is a limited-purpose trust company that provides allocated and segregated precious metals safekeeping and fulfillment services for entities and individuals that need to store gold, silver, platinum and palladium bullion safely and securely. Delaware Depository’s fortified facilities are situated in Delaware and Nevada, offering customers the ability to geographically diversify storage of bullion in locations that are distant from areas where natural disasters and terrorist acts have occurred in the recent past. To learn more, visit www.delawaredepository.com.
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