Is Beverly Hills Precious Metals Legit? My Honest Review

Before you wire five or six figures of your retirement savings to any dealer, you deserve a Beverly Hills Precious Metals review that doesn’t read like a paid affiliate pitch.

I spent days digging through BBB filings with the Better Business Bureau, California Secretary of State records, customer complaints, IRS rules under Internal Revenue Code Section 408(m), and the actual marketing this company puts out.

What I found surprised me on both sides of the ledger. Here’s everything I think you need to know.

Beverly Hills Precious Metals at a Glance

Here’s the quick snapshot before we get into the weeds:

• Legal Name: Beverly Hills Precious Metals Exchange, Inc. (BHPM)
• Founded/Incorporated: November 15, 2010 (California corporation #3330617)
• Founder/President: Andrew Sorchini
• Address: 9663 Santa Monica Blvd., Suite 811 (PMB), Beverly Hills, CA 90210
• Phone: (866) 346-5325
• BBB Rating: A+ (Not Accredited)
• BBB Customer Reviews: 1 out of 5 stars (4 reviews, all 1-star)
• Google Reviews: ~4.1 stars across roughly 75 reviews
• Products: Gold, silver, platinum, palladium (coins, bars, numismatics)
• IRA Services: Yes, but through third-party custodians like GoldStar Trust and Equity Trust
• Sales Model: Phone consultation only (no live online catalog or pricing)

The company has been around 15 years, holds an A+ BBB rating despite not being accredited, and runs almost entirely on phone-based consultations rather than e-commerce. That’s the baseline. The interesting part is what sits underneath.

Who’s Behind the Company (Andrew Sorchini’s Story)

Every precious metals dealer is really a reflection of the person running it. With BHPM, that person is Andrew Sorchini, and his backstory shapes the entire business model.

From Family Coin Shop to Beverly Hills Showroom

Sorchini got his start in Los Angeles working with gold and silver more than 30 years ago. He opened Beverly Hills Precious Metals Exchange as an incorporated entity in November 2010, even though his personal tenure in the industry stretches back to the early 1990s.

A few affiliate sites floating around the web claim BHPM was founded in 2003, but the BBB record and the company’s own filings tell a different story. The 2010 date is the accurate one.

Three Decades in the Industry

Sorchini wrote a book called Going For Gold, which BHPM offers as a free PDF download on its site. He’s a regular speaker at the ReAwaken America Tour hosted by Clay Clark and General Michael Flynn, and he appears frequently on conservative podcasts and Christian media outlets.

His public persona is tightly woven into that audience, which matters when you’re deciding whether his pitch resonates with you or feels like a turnoff.

What They Actually Sell (Coins, Bars, and Hard-to-Find Pieces)

BHPM’s product mix is broader than most boutique dealers, but the company leans heavily on specialty coins that carry higher markups. Here’s what they offer.

Gold Coins and Bullion

The gold lineup includes:

• $20 U.S. Gold Saint-Gaudens Double Eagle
• $20 U.S. Gold Liberty
• Gold French 20 Franc (Napoleon, Rooster, Angel variants)
• Gold Swiss 20 Franc
• .50 oz Gold ReAwaken America Coin
• Standard gold bars in multiple weights

Silver, Platinum, and Palladium Options

Silver products dominate the catalog and include 1 oz Silver Britannias, 90% junk silver Kennedy half dollars, Morgan and Peace Silver Dollars, the General Flynn 2 oz Silver Coin, and the 1 oz Silver Saving Grace Cyrus Coin.

Platinum and palladium are mentioned mainly in the IRA section, where IRS purity rules require .9995 fineness for both.

Rare and Numismatic Collectibles

This is where things get tricky. BHPM categorizes physical gold into three buckets: bullion (priced on metal content), rare/numismatic (older coins no longer minted), and proof gold (collector-grade).

Numismatics carry significantly higher premiums, and several BBB complaints specifically flag this category as a problem area.

Why You Have to Call for the Full Catalog

There is no live pricing on bh-pm.com. You can browse product photos, but every transaction starts with a phone consultation. That’s intentional, and we’ll get into why that matters when we discuss pricing transparency.

How Their Retirement Account Setup Actually Works

If you’re rolling over a 401(k), Traditional IRA, Roth IRA, SEP, SIMPLE, 403(b), 457(b), or TSP into precious metals, here’s the workflow you’ll actually go through with BHPM.

The Referral Model (They Don’t Handle It In-House)

BHPM is not an IRA custodian. They sell metals and coordinate paperwork, but the account itself lives with a third-party trust company.

This is the same model most dealers use, but it’s worth knowing upfront. There are companies that focus specifically on self-directed precious metals IRAs and handle more of the process under one roof. BHPM is not one of them.

Who Holds Your Metals After Purchase

Your metals are stored at an IRS-approved depository through whichever custodian BHPM connects you with. Reported partners include GoldStar Trust Company and Equity Trust Company.

Storage happens at facilities like the Delaware Depository or Brinks, which meet IRS requirements under Section 408(m).

What This Means for Your Paperwork and Timeline

You’ll sign documents with three parties: BHPM (the dealer), the custodian (the IRA administrator), and the depository (the vault).

Funding typically happens within 48 hours of your order, and metals ship to the depository 3 to 15 days after that.

If you ever want to liquidate, you have to coordinate across all three parties, which one BBB reviewer said took her over two months and 38 separate communications.

The Pricing Question Nobody Likes Talking About

This is the section where BHPM stops looking impressive and starts looking like every other consultation-based dealer with opaque pricing.

Markups Over Spot Price

BBB and Google reviewers consistently report being charged 25% to 33% over spot price on certain numismatic and proof coins.

One BBB reviewer named Pete T. (January 2026) claims he paid a $13,114 premium on a $40,000 purchase, roughly 33% over the metal’s actual market value. Bullion premiums are reportedly more reasonable, but you have to know to ask.

Shipping, Insurance, and Hidden Add-Ons

BHPM charges a flat fee for express shipping and full insurance. The site doesn’t publish the number. Customers report it’s reasonable for the order size, but again, you find out on the phone.

Custodian and Storage Costs to Expect

Outside BHPM’s pricing, expect:

• IRA setup fee: $50 to $100 one-time
• Annual maintenance fee: $75 to $300 depending on custodian
• Storage fee: $100 to $300 annually for segregated storage
• Wire transfer fee: $25 to $35 per outgoing wire

These are industry-standard charges from the custodian, not BHPM, but they apply to every Gold IRA.

Questions to Ask Before Wiring a Dollar

Before you commit, get answers to these in writing:

• What is the exact premium over spot for each coin you’re recommending?
• Is this coin classified as bullion or numismatic?
• What will you pay me per ounce if I sell these back next year?
• What are the total first-year custodian and storage fees?
• Can I get all of this on a written quote before funding?

If a sales rep hesitates on any of these, that’s your answer.

The Buyback Promise (And What It’s Really Worth)

BHPM advertises a buyback program “at top market rates.” In practice, the spread between what they sell you metal for and what they’ll buy it back at is where you discover the real cost.

One reviewer described being sold metals at $100 over market value and offered $100 under market value to sell them back, a $200 round-trip spread per unit.

On standard bullion, the spread is reportedly tighter. On numismatics, it widens considerably because those coins don’t have a universal market price the way a 1 oz American Gold Eagle does.

Shipping, Delivery, and Vault Storage Explained

If you’re buying metals for personal possession rather than an IRA, BHPM ships directly to you. Here’s how that piece works.

Fully Insured Shipping to Your Door

Orders arrive 3 to 15 days after funding clears. Shipments are tracked, fully insured, and require signature on delivery. Packaging is discreet, though one industry directory review flagged it as occasionally sloppy.

Segregated vs. Commingled Storage Options

For IRA holdings, you typically choose between two storage types:

• Segregated storage: Your specific coins sit in a dedicated container with your name on it. Costs more.
• Commingled storage: Your metals are pooled with other investors’ metals of the same type. Cheaper, but you receive equivalent metals back, not your exact coins.

For most retirement investors, commingled storage works fine. If you want the exact coins you bought, pay for segregated.

The Faith-Based, Patriotic Angle in Their Marketing

This is the part of BHPM that polarizes people more than any other. The company markets itself almost exclusively to a conservative, Christian, “patriot media” audience.

Why This Resonates With Some Buyers

Endorsers include General Michael Flynn, Clay Clark, Mel K, Kash Patel, Peter Navarro, Lara Trump, Roseanne Barr, Tom Renz, and a long roster of Christian broadcasters and ministry leaders.

For buyers who already trust these voices, BHPM feels like the obvious choice. The branding includes themed coins like the “ReAwaken America” gold coin and the “General Flynn” silver coin.

When Branding Gets in the Way of Numbers

The recurring theme in negative reviews is striking: customers say they trusted BHPM specifically because someone they admired endorsed it, and that emotional trust kept them from asking hard pricing questions.

Endorsements are marketing. They are not a substitute for a written quote and a comparison shop. I’d say the same thing about any dealer that leans on celebrity backing, left or right.

What Real Customers Are Saying on BBB and Google

Here’s where the picture gets genuinely mixed.

BBB Rating, Accreditation Status, and Open Complaints

BHPM holds an A+ rating from the BBB Los Angeles & Silicon Valley but is not accredited. Only one formal complaint has been filed in the past three years, and it was resolved.

The complaint involved undisclosed fees on a gold and silver purchase. The customer review section tells a different story: 4 out of 4 customer reviews on BBB are 1-star.

Google Reviews and Trustpilot Patterns

Google reviews land around 4.1 stars across roughly 75 reviews, which is decent but not exceptional. BHPM has almost no presence on Trustpilot, Trustlink, or Yelp, which is unusual for a dealer of this tenure and limits independent verification.

Red Flags Hidden in the Five-Star Praise

Positive reviews tend to focus on the personality of the sales rep, the quality of the conversation, and the speed of delivery.

Negative reviews focus on dollars and cents: premium disclosure, buyback spreads, liquidation delays, and unanswered follow-up calls.

That pattern matters. People who love BHPM love the experience. People who dislike BHPM dislike the math.

What I Liked About Beverly Hills Precious Metals

There are real strengths here, and I want to give credit where it’s due.

Personalized Phone Consultations

If you’re a first-time precious metals buyer, and you want someone to walk you through the basics, BHPM does this well. The reps are knowledgeable, patient, and willing to spend time on the call.

Long Industry Track Record

Fifteen years as an incorporated entity plus 30 years of founder experience is a meaningful track record. A lot of Gold IRA companies pop up during inflation scares and vanish two years later. BHPM has not.

Hands-On Approach for High-Net-Worth Buyers

If you’re putting $100,000 or more into metals, and you want a single point of contact who handles the full process, this model works. You won’t be lost in a customer service queue.

Where Beverly Hills Precious Metals Falls Short

The weaknesses are concentrated in a few specific areas.

No Public Pricing or Fee Schedule

Zero published prices. Zero published premiums. Zero published fee schedule. In 2026, with dealers like JM Bullion and APMEX posting live prices online, this is a deliberate choice that benefits the seller more than the buyer.

Heavy Push Toward Numismatic Coins

Multiple reviewers warn that sales reps steer them toward numismatic and proof coins rather than standard bullion.

Numismatics carry higher premiums and wider spreads, which is exactly why dealers love selling them and exactly why most retirement investors should avoid them.

Limited Online Information for First-Time Buyers

If you want to research before you call, there’s not much to research. The educational content is decent on inflation history and currency topics, but specifics on products, pricing, and IRA mechanics require a phone call.

Who This Company Is (and Isn’t) a Good Fit For

Honest answer: BHPM works well for one specific buyer and poorly for another.

Good fit: Conservative or Christian buyers who value the endorser network, want a long phone consultation, are buying standard bullion (not numismatics), and are willing to ask hard pricing questions in writing before funding.

Bad fit: Anyone who wants transparent online pricing, anyone uncomfortable with religious or political branding, anyone who wants direct in-house IRA administration, or anyone who’s never bought metals before and might be susceptible to a numismatic upsell.

How They Stack Up Against Other Dealers I’ve Reviewed

Against larger competitors like Goldco, Augusta Precious Metals, and Birch Gold Group, BHPM is smaller, more personal, and less polished.

Augusta has stronger transparency on the consultation process. Goldco has a more developed buyback structure. American Hartford Gold publishes more pricing detail.

Where BHPM holds its own is in the consultation experience and the depth of founder involvement. Sorchini is a real person who shows up at events and answers for the business.

That’s worth something. Whether it’s worth a 25% premium over spot is the question only you can answer.

Frequently Asked Questions

Q1. Is Beverly Hills Precious Metals a Real, Registered Company?

Yes. BHPM is registered with the California Secretary of State as corporation #3330617, incorporated November 15, 2010. It holds an A+ rating with the BBB and operates from a Beverly Hills mailing address.

Q2. What’s the Minimum Purchase Amount at Beverly Hills Precious Metals?

BHPM does not publish a minimum. Industry reports suggest the practical minimum for IRA setup is around $10,000, with most consultations geared toward purchases of $25,000 and up.

Q3. Does Beverly Hills Precious Metals Charge Any Hidden Fees?

BHPM does not publish a fee schedule. Premiums over spot, shipping costs, and custodian fees are disclosed during the phone consultation.

Several BBB reviewers allege premiums on numismatic coins were not clearly disclosed at purchase, so get everything in writing first.

Q4. Can I Sell My Metals Back to Beverly Hills Precious Metals Later?

Yes. BHPM offers a buyback program at what they describe as top market rates. The actual spread varies by product, with bullion offering tighter spreads than numismatic coins.

Q5. How Long Does It Take to Receive Metals After Ordering?

Standard delivery runs 3 to 15 business days after funds clear. All shipments are insured, tracked, and require signature on delivery. IRA purchases ship directly to the depository rather than your home.

My Final Take on Beverly Hills Precious Metals

BHPM is a real, established dealer with a long history and a founder who actually owns his business. That puts them ahead of the fly-by-night outfits cluttering this industry.

The weaknesses are concentrated in pricing transparency and the steady push toward numismatic coins, where premiums get aggressive.

If you’re disciplined enough to demand written quotes, stick to standard bullion, and ignore the celebrity endorsements, you can probably do fine here.

If you tend to trust the sales rep on the phone without asking hard questions, you’ll likely overpay. Buy smart or buy elsewhere.