Colorado Gold Review

Colorado Gold Review

Colorado Gold is a gold dealer that has been in the industry for more than 40 years. The company founder, Don Stott, retired back in 2015. He passed the company on to his son David, so that it would stay in the family. This is truly a family run business with a long history. But is it actually the best dealership to work with?

What does Colorado Gold have to offer? Are they able to stand up to the competition? And most importantly, are their business practices actually legitimate?

Here's everything that you should know about the company before you get started.

  • Product Type: Precious Metals
  • Owner: David Stott
  • Rating: 3.5/5

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About Colorado Gold

Colorado Gold Review

Colorado Gold got its start in 1977 and has now been in the business for more than 45 years. It was started by Don Stott as his family's business and life's work. Don entered retirement in 2015, but he didn't sell the company to third parties. Instead, he had his three children run things.

Though David is listed as the owner, the three siblings actually work together on the company. They are spread throughout the country in different time zones, each with their own home office. The other two siblings are named Melissa and Morgen.

This is not a large company. There aren't tons of customer service team members available 24/7. But each of the siblings has specific office hours when you can call and get in touch. They are also committed to maintaining the quality of service that allowed the company to receive an A+ BBB rating.

One key aspect of Colorado Gold is that they do not offer rare coins as an investment. There are other precious metals dealers that sell numismatic collectibles. But since the price of collectibles is based on speculation, the siblings at Colorado Gold do not believe that the risk is worth it. They instead sell bullion that is priced largely based on its melt value.

This is just one aspect of the company's guiding principle. Their goal is to help investors make the right choices for their long term security and growth. Every customer is given the full attention and investment advice of one of the owners.

Available Bullion

Most of the bullion available for purchase through Colorado Gold comes from official government mints and refineries. These products are guaranteed to have a high level of quality. They may also be authorized and graded by organizations like PGCS and NGC.

The inventory is both expansive and limited. As mentioned, there are no numismatic collectibles available. In addition, the company avoids stocking coins that don't have a lot of long term growth potential. But when it comes to official minted coins and bullion, there are quite a few different options that you can choose from.


Colorado Gold Review

Some of the gold coins that are available for purchase include:

  • British Sovereigns
  • Canadian Maple Leafs
  • Austrian Philharmonics
  • American Buffalos
  • American Eagles

American Eagles are issued every year and are some of the most popular choices for bullion. They also meet the standards laid out by the IRS for being held in a precious metals IRA.

Some of the gold bars that are available include:

  • One ounce bar from Credit Suisse
  • One ounce bar from Asahi
  • One gram bar from Valcambi
  • 100 gram bar from Valcambi


Colorado Gold Review

As with the gold products, there are many classic and official silver coins and bars available for purchase. Coins come from America, Australia, Canada, South Africa, and Austria. Bars are minted by JBR, Valcambi, and St. Helena.

The coins are slightly limited and include:

  • Australian Kangaroos
  • Canadian Maple Leafs
  • South African Krugerrands
  • Austrian Philharmonics
  • American Eagles

The largest bar is a kilogram of silver from JBR. There is also a 10 ounce bar of silver from JBR.

The next largest bar is the 250 gram bar minted by St. Helena, which is about one-fourth the size of the kilogram. Then there is the 100 gram bar from Valcambi, which is one-tenth the size of the kilogram.


Colorado Gold Review

Not all precious metals dealers have platinum products available. Many only traffic in gold and silver. Platinum is far more expensive and difficult to acquire. If you're interested in securing part of your portfolio in platinum, you'll appreciate these products.

As can be expected, the platinum products are the most limited selection. You can either get a 1 ounce or 10 ounce bar minted by Credit Suisse. You also have the option to purchase British Britannias, Austrian Philharmonics, and American Eagles.

Colorado Gold does not appear to keep any palladium products in its inventory.


There is a section of the Colorado Gold website that is set up exclusively for special deals. These deals can change on a weekly or even daily basis. Different bars and coins will be listed at special price points. This is one of the best ways that the company helps to get rid of excess inventory.

Making a Purchase

Colorado Gold Review

It isn't difficult to make a purchase from Colorado Gold. However, there are some things that make it slightly more complicated than with other sellers. Unlike some other precious metals dealers, you can't simply fill an online shopping cart and hit a checkout button right away.

Before you can place any orders, you have to fill out the company's client agreement. This is a waiver that you sign that explains the company's policies. You will give them your address, email address, name, and signature.

Some of the terms that you'll be agreeing to in the contract include:

  • Every purchase is legally binding, and you are then contractually obligated to fulfill your end of the bargain.
  • Payments need to be submitted within a week of purchase.
  • If you are making a sale, then you agree that you'll ship your metals on the same day or the day after you get your trade confirmation number.

The client agreement is just the first step. You'll then want to finalize exactly which items you want to buy. Since the inventory is limited, you should have a relatively easy time in narrowing down your selection.

Rather than checking out through an online shopping cart, you will need to call Colorado Gold. The company will verify the amount of your purchase and give you a confirmation number.

Payments can be made in the following ways:

  • Personal checks
  • Cashier's checks
  • Wire transfers from your bank
  • For certain small orders, Venmo can also be used

If you do send a check, it will be held for seven days before the order ships. This is to make sure that the payment clears and that there is no fraud. Because of this, checks are the slowest payment method that you could choose.

After the company receives your payment, your order will be prepared and shipped. The majority of orders with the company are shipped through UPS. However, if you prefer to have USPS deliver your package, you can request this. Every package is fully insured so that you can receive a refund if it gets lost in the mail or stolen.

The company's inventory is purchased through the wholesaler A-Mark Precious Metals. They are transparent about how they calculate their prices. If your order is less than $50,000 in total, there will be a 1% commission fee added. If the order is between $50,000 and $100,000, the commission fee drops to 0.75%. For orders that are even greater than $100,000, the commission fee is just 0.5%.

This commission fee is how the company covers their overhead. It is extremely reasonable considering the low overall prices. There are other competitors who charge commission fees of 30% or more per purchase -- and they aren't nearly as honest about it!

Selling Items

Colorado Gold Review

Colorado Gold will also purchase precious metals from you if you want to liquidate your current collection. As with making a purchase, you will have to fill out the client agreement prior to doing any transactions.

You'll then call the company and tell them about your items and their quality. You'll be given a quote for the total. If you agree to the quote, your price will lock in. That way, you're protected against any potential market losses in the future.

You will be expected to ship the metals to the company within two business days. If possible, it's best to ship them and to give the company the tracking number on the same day.

There are no additional fees if you are a Colorado Gold customer selling back items that you purchased from the company. However, if you didn't buy your items from the company, there will be a charge of 1% of the total.

Colorado Gold does publish some of its pricing information on its website. These figures are updated in real time as the price of gold and silver fluctuates on the open market.

Precious Metals IRAs

Colorado Gold Review

Colorado Gold offers some precious metals IRA services, although they aren't quite as streamlined as with some other companies. This company has partnered with a variety of different IRA custodians.

Unlike some other precious metals IRA dealers, Colorado Gold doesn't do a lot to help with the sign-up process. Since the company is so small, they don't exactly have an in-house IRA team. They encourage clients to get in contact with a custodian to set up and fund their accounts.

Once your account is funded, Colorado Gold can help you decide which items to purchase.

Is Colorado Gold a Scam?

Colorado Gold Review

Colorado Gold is not a scam. The company has been well reviewed by third parties like Gold Dealer Reviews. Customers say they're happy with the service they've received, and that the team members are very helpful.

In addition, Colorado Gold has been in business for over 40 years. The founder retired in 2015 and left the company to his son. You can rest assured that you're working with a family business with a long legacy.

Colorado Gold has been accredited with the Better Business Bureau since 2010 and holds an A+ rating. However, there are no reviews or complaints from past customers. The lack of complaints is a good sign, but the lack of reviews means that it's hard to determine what their business is like.

The handful of reviews on Gold Dealer Reviews have all been positive. It's just that the customer sample size is small. It seems like very few people have reviewed the company, possibly because much of their business is not conducted online.

In some ways, Colorado Gold might be a company that's a little stuck in the past. Those 40 years of experience are an incredible testament to the longevity of the business, but they're also a disadvantage if the owners can't keep up with the modern competition.

Pros & Cons of Colorado Gold


  • A+ rating and longstanding BBB accreditation.
  • More than 40 years in the business, with ownership passing from father to son in 2015.
  • Positive feedback from consumers online, though there isn't a lot of it.
  • Some IRA services available, though not as streamlined as other companies.


  • Only a handful of customer reviews online, though most of them are very positive.
  • The business seems like it struggles to keep up with the larger online bullion dealers.

Final Thoughts

Colorado Gold is an impressive company for its history. It represents the life's work of its founder. After being in the business for over three decades, he retired in 2015 and passed the company on to his son. Now the company has been in the industry for over 40 years and is still going strong.

There are no major red flags that would make us warn you away from Colorado Gold. They are accredited with the BBB and have good customer feedback, even if not many people have left reviews. They have a good company legacy.

But they also can't quite beat the competition. There are tons of precious metals dealers that offer more streamlined IRA services, more convenient purchases, and better overall deals. It's a better idea to work with one of these, especially if you want to open a precious metals IRA.

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