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Kitco Metals Inc.

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199 reviews

4.3199 reviews
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About Kitco Metals Inc.

Data updated
Website
online.kitco.com
Category
Money & Insurance
Location
United States
Status
Unclaimed
Last 12 months
60 reviews
Replies to negative
100% (31/31)
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About this business

Millions of precious metal investors trust Kitco as their #1 source for 24-hour precious metal price updates, industry news, and financial market insights. Kitco Metals both buys and sells physical bullion bars and coins made of investment grade precious metals. For decades we have safely sold and delivered millions of ounces of silver, gold, platinum, palladium, and rhodium bullion products to investors in North America and around the globe. We are also an active buyer of physical precious metal bullion products from our very own offices in Canada, Hong Kong, and the United States. For more details please refer to:

Written by the business, not verified by us.

Is Kitco Metals Inc. legit?

Kitco Metals Inc. (online.kitco.com) has a 4.3 out of 5 rating on OK.one, based on 199 user reviews collected here. It is listed under Money & Insurance and its reputation is good. 81% of reviews are 4 stars or higher and 13% are 1 star; The business has replied to 100% of negative reviews; Reviews mostly discuss Customer service, Product, Price. Last updated 2026-08-26.

What reviewers say

AI generated

Reviewers overwhelmingly had a great experience with this company. Customers frequently praise the polite and knowledgeable personnel who always take the time to make buying and selling precious metals exceptionally easy and straightforward. Many people also highlight the gorgeous, extremely well-packaged coins delivered promptly alongside the highly convenient and user-friendly online platform. Some reviewers were not happy with payment processing, noting significant delays, prolonged withholding of funds, and a complete lack of clear communication after completing transactions. A few consumers additionally mentioned frustrating experiences when trying to reach representatives multiple times to successfully resolve various transaction and account questions.

Auto-generated from all reviews of this business. For reference only.

What people say

R
Rob H · 1 review · Experienced 2026-02-18 ·

Extremely disappointed - They Lie

Extremely disappointed with my experience selling to Kitco. They outright lie! We completed a transaction on January 21, 2026, sending silver coins to Kitco. According to UPS tracking, our package was delivered to their facility more than three weeks ago. Since then, they have had possession of our metals while withholding payment. Communication has been very poor. We have called multiple times and were repeatedly told our wire transfer would be sent “any day.” On February 11, we spoke with a representative who assured us the funds would be wired within 24–48 hours and no later than February 13. We were also told we would receive a credit and the wire fee waived due to the delay. None of that happened. Instead, on February 18, we received an automated email from Kitco claiming they were still “awaiting shipment,” despite having our metals for weeks. That level of internal miscommunication is alarming for a company handling high-value transactions. At this point, our funds have been withheld for nearly a month after delivery, with multiple broken promises and inconsistent information from customer service. We entered this transaction in good faith and expected professionalism from a company of Kitco’s reputation. Unfortunately, this experience has been the opposite. I hope this situation is resolved quickly, but based on our experience so far, I would advise others to proceed with caution.

Reply from Kitco Metals Inc.2026-02-19

Hi Robert, thanks for being upfront with us. We know this has taken longer than it should have, and we’re sorry our communication wasn’t as clear as it needed to be. Your transaction is moving forward and hasn’t been overlooked. We’ve also fixed the automated shipment message to avoid any more confusion. We’ll keep a close eye on things and send you a personal update as soon as everything is finalized. We really appreciate you taking the time to speak with our supervisors, and we genuinely value your patience while we get this resolved.

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RCA · 2 reviews · Experienced 2026-02-13 ·

No Payment after more than 80 days after selling my metal

I sold my metal to KITCO on January 19th when the price was still going up. I received a fixed quote, but I never received my money. Now it is more than 30 days later with no resolution date, no check, and a sizeable amount of money sitting with Kitco not earning anything. They have had more than a 30 day free float paid for by me. I have called customer service 3 times with no estimated date of resolution. Their only response is "we are working on it". Bottom line: I have never, ever, had a major company do this. They are NOT reputable, they are NOT honest, they are NOT responsive and it is frustrating that I have no recourse but to wait. AVOID THEM AT ALL COSTS. Maybe they are good to buy from, but I will never sell to them again. Update: Kitco clearly doesn't like my review and asked for my transaction information to demonstrate it is a "real" complaint. I see several other complaints that are EXACTLY the same as mine. I read all the 5-star reviews - most of them are FAKE. FAKE people, FAKE information, FAKE FAKE FAKE. Most these reviews show the person knows NOTHING about metals trading. If my issue gets fixed quickly after this, I will let you know. Otherwise, use caution and do business at your own risk. UPDATE: As of today, March 13th, I have not received my money. I received a call from a "manager" on February 19th promising he would look into it, and offering a free ACH bank transfer of the proceeds. On February 23rd, I received an email saying my metal had been processed and a check would be issued on February 24th or 25th. Note this is not the free ACH transfer promised. I called today because "where is my money"!!!!! Well, they "think" the check was issued on March 9th and they don't know if it has been mailed yet. This is what you get from KITCO. As an aside, I made a sale last week to my usual dealer on Thursday March 5th and was paid by ACH on Tuesday March 10th. So in other words, not only does KITCO provide terrible service, terrible communication and terrible turn-around time, they are actually LIARS. The industry is NOT overwhelmed. My first and last business with KITCO. If you love them - good for you. If you are considering them, DON'T. Use SD bullion, APMEX, Miles Franklin or any of the other reputable dealers.

Reply from Kitco Metals Inc.2026-02-19

We're sorry to hear about your experience and understand how frustrating this must feel, especially after waiting this long. That’s not the level of service we aim to provide. We’ve been facing record demand and a significant increase in volume, and our team has been working around the clock to move things forward as quickly as possible. That said, we should have communicated more proactively throughout the process. We’ve requested your contact details, and we’d appreciate the opportunity to review your order and provide an update.

G
Gerald · 7 reviews · Experienced 2026-02-17 ·

Kitco process is too long and…

Kitco process is too long and communication is lacking. There is no communication or updates from Kitco on when I will be paid. The website and customer service said 2-10 business days and that changed to 2-15 days with no notice. High volume is not acceptable to me since I have information without spending time calling. It's a one-way process which keeps me in the dark. There is no expediting this rigid process. Hopefully I will get direct deposit on February 24th, the 15th day of this nightmare.

Reply from Kitco Metals Inc.2026-02-18

Thanks for sharing your feedback, Gerald. We know it’s stressful waiting on a payment when updates are slow to come through, and we’re sorry our communication hasn’t been as quick as it usually is. We've been much busier than expected lately, which has slowed down our processing times more than we’d like. Our team is working hard to clear the backlog and get things back to normal. We’ve sent you a direct message so we can look into your order right away and get this sorted for you.

J
Jay · 2 reviews · Experienced 2026-02-16 ·

Do not sell to Kitco

I sold metals to Kitco a month ago. I have called them 4 times, every time it is the same lame excuse that they have high volumes and their processing times are extended. Your problems are your problems and not your customers, get more staff and stop penalizing your customers! I have been promised calls by managers and expedited efforts to resolve my issues but as yet I have not received any calls. Do not sell to Kitco, you will have no idea as to if or when you will get paid and all you will receive is lies and delays. Update: I called again today and was told that a manager will look at my issue, you are totally uninterested. so now you want my details to “fix this issue” still the same old BS that you are busy with orders. I’ve contacted the BBB and will contact the FTC.

Reply from Kitco Metals Inc.2026-02-18

Thanks for sharing your feedback, Jay. We know waiting longer than expected for a payment isn’t a great experience, especially without clear updates. We’ve been managing much higher volumes lately, which has slowed down our usual timing, and we apologize for the delay. We want to get this sorted out for you as quickly as possible. We’ve requested your contact details so we can review your transaction and provide a direct update right away.

c
customer · 5 reviews · Experienced 2026-01-26 ·

Things to consider

Things to consider. They delay shipping. They take quite a markup on silver coins. They may not buy it back unless it meets the minimum buyback amount. This may be $10,000. So look carefully at the transaction requirements and imagine if you were selling the same thing back to them. If you are buying pool amounts it is unallocated, so you can be left holding just a piece of paper. They have other things like allocated units, but it is at a premium. I am not sure that any other vendor is the same. Be cautious. They don’t provide a link to write a review that I can find.

Reply from Kitco Metals Inc.2026-02-10

Thank you for sharing your thoughts. The market has been moving very quickly lately, and we know that can raise a few questions. Being clear and upfront with our customers is really important to us. With the recent surge in demand, we adjusted our minimum buyback order size so we can continue delivering the high level of service our customers expect. These same market conditions can also impact shipping timelines and premiums, since pricing is tied to live market activity. For Kitco Pool accounts, every ounce is fully backed by physical metal. You can learn more about how Pool accounts work here: https://online.kitco.com/faq/kitco-pool-accounts. We also send a short survey after each transaction so customers can share their experience with us. And if you ever have questions or want to talk something through directly, our team is always happy to help.

B
Ba · 1 review · Experienced 2026-02-04 ·

If I could give zero stars I would

If I could give zero stars I would. Kitco is a scam. They deliberately hold you metal until the market falls before processing it for payment. ANY other business doing this type of nefarious BS would be out of business in no time. I am seeing many negative reviews and they echo my comments. Sell you metal anywhere but Kitco.

Reply from Kitco Metals Inc.2026-02-06

Thank you for taking the time to share your feedback. We’re sorry to hear that this was your experience. Transparency is really important to us, and our pricing is always based on live market rates. During periods of unusually high demand, processing times can sometimes take a bit longer than expected. Our team has asked for your details so we can review the transaction and follow up with you directly.

N
NG YONG CHEW · 1 review · Experienced 2026-01-11 ·

Until now i haven't get my order

Until now i haven't get my order? I already paid!

Reply from Kitco Metals Inc.2026-02-06

Thank you for sharing this. We’re sorry for the delay and understand your concern. Our team is on top of this and will be reaching out shortly with an update.

S
Steven · 4 reviews · Experienced 2026-01-29 ·

Website times out AFTER it gets your financial information.

I tried to sell online. Tried to lock in exchange rate. Kitco site takes all your financial information - CC to lock in exchange rate. Banking information for ACH. Then their site times out. And times out. And times out. Not much of an eCommerce site if the site times out.

Reply from Kitco Metals Inc.2026-01-30

Thanks for letting us know, Steven. We’re really sorry the online sale process wasn’t as smooth as it should have been. We’ve been seeing historically high volume lately, which can sometimes impact site performance. We’ve shared this with our team, and we’re here if you need a hand with anything.

N
Nancie Hoffman · 5 reviews · Experienced 2026-01-12 ·

BUYER BEWARE

BUYER BEWARE! THEY'RE NOT SHIPPING OUT ORDERED/PAID FOR GOLD!

Reply from Kitco Metals Inc.2026-01-29

Thanks for reaching out, Nancie. We’ve been dealing with unusually high demand, so processing can take a bit longer than normal, but orders are still moving and getting shipped out. It looks like your order is on the way, so please keep an eye on your inbox for shipping updates. Thanks again for taking the time to speak with us.

M
Michael Spadotto · 1 review · Experienced 2026-01-22 ·

Seller Beware

My shipment of silver I sent was downgraded by over half its value. I spent days organizing and grading all my collectible coins using their inventory/grading tools and I get screwed over. No communication that there is a discrepancy in my shipment. Overall bad experience. Update: fought with their customer service manager as they downgraded my coins and argued with me. Then I was promised they would ship them back to me.. that was over 3 weeks ago. Ill be sending in a complaint to the BBB. Worst experience

Reply from Kitco Metals Inc.2026-01-29

Thank you for taking the time to leave this review, Michael. We’re sorry to hear about the experience you had, and we appreciate you taking the time to speak with us so we could go through your concerns together. To keep things accurate and transparent, our team carefully tests and inspects all metals we receive. We’ll stay in touch with you as we move through the next steps, and if any questions come up along the way, we’re always here to help.

G
George Potter · 1 review · Experienced 2026-01-15 ·

Slow to no response in their business practices

Below are the issues I have encountered with Kitco. *Very slow response sending funds after a sale. My coins were received late, last year and as of Jan 15th, 2026, Kitco has not sent payment. *Promises were made to call about my shipment within 48 hours. As of 76 hours, no one from Kitco had called. If I had a chance to do this sale again, I would not use this company.

Reply from Kitco Metals Inc.2026-01-17

Thank you for sharing your feedback, George. We’re sorry for the delays you experienced with payment and communication. During periods of exceptional market activity, transaction volumes can be higher than usual, which may impact processing timelines. We appreciate you taking the time to speak with us and go over your sell order together. If you have any further questions, please don’t hesitate to reach out.

D
Dave Sorokowsky · 1 review · Experienced 2025-12-13 ·

Don't pay for the metals you send them

I sold a number of silver coins to Kitco in December 2025. Their website claims you will be paid 1-2 days after they receive the silver. They sent an email acknowledging receipt of the coins a few days later. After one month I still have not been paid. I called a few days ago and gave them the option of returning my coins or sending payment. I was promised a check by courier within a few days...nothing. I called again today and was given the same song and dance and promised a call back. No call back. This is not a reliable buyer of precious metals. I should have stuck with APMEX. UPDATE: My complaint with the Better Business Bureau along with 1-star online reviews did get a response. They overnighted a check to me. UNFORTUNATELY the date on the check is obliterated and the bank would not accept it. I feel like they are playing games with me. Is this another tactic to delay payment? FINAL UPDATE: I received my payment over 6 weeks after they received the silver, and only after I filed a complaint of consumer fraud with the Office of the New York State Attorney General. THAT certainly got their attention.

Reply from Kitco Metals Inc.2026-01-15

Thank you for your feedback, Dave, and we’re sorry for the delay with your payment. When markets are experiencing historic demand, higher transaction volumes can sometimes slow processing. We appreciate you taking the time to speak with us, and after reviewing your sell order together, we’ll make sure everything is resolved. Please don’t hesitate to reach out if you have any questions.

M
Marie-France Savard · 1 review · Experienced 2026-01-07 ·

Merci Carlos

I would like to take a moment to recognize the excellent customer service provided by Carlos (Montreal). He was extremely patient, attentive and demonstrated a high level of professionalism troughout my experience with Kitco. His explanatins were clear, his attitude respectful, and his commitment to delivering quality services was evident.

Reply from Kitco Metals Inc.2026-01-13

Thank you for sharing your feedback, Marie-France. We appreciate you taking the time to recognize Carlos. We’re glad to hear he was patient, attentive, and professional throughout your experience, and that his explanations were clear and respectful. We’ll be sure to share your kind words with Carlos and our team.

S
Steve Powell · 1 review · Experienced 2025-12-23 ·

Satisfied customer

Customer service made it right when circumstances were beyond control. I appreciate that. Hope to do business again soon!

Reply from Kitco Metals Inc.2026-01-06

Thank you for sharing this, Steve. Due to exceptional market activity, we’re currently experiencing very high call volumes, and the recent holidays have also contributed to shipping delays. We appreciate you taking the time to speak with us today. Your order has been prioritized, and we’ll continue to stay in contact with you as we work through this.

K
Kelly · 6 reviews · Experienced 2025-12-02 ·

I would not sell to Kitco again

I would not sell to Kitco again. Everything was difficult. After I agreed on a sale, they delayed in accepting the contract. I called them to cancel if it was not accepted and lo and behold, it was suddenly accepted. The representative told me that they would charge my credit card for lost profits if I did not sell to Kitco, even though they had not yet accepted the contract. I immediately sent the gold coin to Kitco and they received it the next day. However, it took more than 11 days to pay me. I had to call and follow up on the lack of payment and again suddenly it appeared after my phone call. So eventually, it looks like I am getting paid, but it was a very difficult process and it took five times longer than they claim it should take on their website.

Reply from Kitco Metals Inc.2025-12-16

Thank you for sharing your experience, Kelly. We’re sorry the selling process felt difficult and took longer than expected. We know timing and communication matter, and we’re working on improving both. We would appreciate the opportunity to look into this further, please feel free to email us at [email protected] and mention your Trustpilot review so we can assist you directly.

V
Vikas Kumar Patel · 4 reviews · Experienced 2025-11-07 ·

Best rates

Best rates, good customer service and user friendly online platform. Thank you.

Reply from Kitco Metals Inc.2025-11-11

Thank you for your feedback, Vikas. We’re happy to hear you had a great experience with our service and online platform.

,
,Gary · 1 review · Experienced 2025-10-03 ·

Great service!

Carlos, the Kitco representative, was very helpful in describing the procedure and options for submitting items for sale and worked with me as I filled out the online instructions. I appreciate working with a company that has proven methods and patient, courteous customer service representatives.

Reply from Kitco Metals Inc.2025-10-14

Thank you for sharing your experience, Gary. We’re glad to know Carlos was able to guide you through the process and make everything clear and easy. We appreciate your kind words and the confidence you place in our team.

Great Customer Service

Updating below review. Sebastian was able to provide a prompt response to my below concern, and was able to be there every step of the way as I shipped my Metals. Looking forward to doing continued buying and selling with Kitco. I tried to sell to Kitco, they assured me that I would receive shipping labels within the next 24-48 hours. It has been a week and still no shipping labels. I have spoke to 3 reps and they all say the same thing, that they are very busy and hopefully it comes to your email. "You should receive it today". Well just be honest and say it could take weeks until you receive shipping labels. Don't make promises you can't keep.

Reply from Kitco Metals Inc.2025-09-30

We appreciate you taking the time to share your experience with us. We’re sorry for any inconvenience and grateful for the chance to speak with you. We’re glad we could help address your concerns and will continue to stay in touch until the transaction is complete.

s
sysprog · 1 review · Experienced 2025-09-09 ·

Unable to withdraw funds from kitco

I bought some gold and silver bars from KITCO in1999 as a hedge against Y2K. The orders were processed and delivered without any problems although I thought the delivery could have been a bit faster. Around 2018 I shipped 10 silver ounces back to KITCO from outside Canada to be put into a pool account. KITCO let me know that Canada customs was taxing the silver so instead of the 10 ounces going into my pool account they sold it to themselves at the bid price, paid the tax, and I was left with some cash in the pool account. That did not go as planned but lessons were learned. The silver price dropped a bit so I was able to buy back 9 ounces at the asking price. Time passes. Early September 2025 silver is up around $40 so I decide to sell and withdraw my money. With the buy/sell price spread plus transaction charges I estimate a round trip cost about 7 1/2% so the idea of making money by trading in a pool account seems impractical. An ETF would make more sense. I log into my pool account and the system makes me jump through several hoops to make sure it's really me. Fair enough. I'm using my tablet and I'm constantly irked by the tiny font size on my screen. It makes entering data and navigation quite tricky. Placing the sell order and proceeding through the checkout has another step and another step and another step. Finally it looks like I've reached the end of this checkout marathon. It tells me the proceeds of my sale will be available in 48 hours. I still don't understand why it should take so long when everything is being transacted on one system. While I'm waiting for the 48 hours to tick down I scour the KITCO web site looking for the "WITHDRAW FUNDS" icon without success. To be clear, the KITCO web site does not display any means whatsoever for an account holder to withdraw the funds from their account. This is astonishing! So I craft an email to KITCO indicating my intention to withdraw my money, preferably to my PayPal account or to an overseas bank account which bears my name. I soon get an email response indicating that I should contact KITCO customer service by phone to confirm my request. I call them and customer service has me provide my name, account number, year of birth, first pets name, and postal code. All this so that he can tell me my email request is no good and I will have to submit the withdrawal request using a DocuSign form. They send me an email with a link to the DocuSign web site. I complete the form, which is just the same wiring instructions that I put in my original email, and submit it. Form accepted! Hallelujah. Not so fast! I notice that the amount to be transferred was not on the form. Nothing is happening so at about 2.30 on a Friday afternoon, I call kitco customer service again. Customer service has me provide my name, account number, year of birth, first pets name, and postal code. Deja vu! He confirms with me that the DocuSign is in order. Then we agree that the amount of the transfer will be the balance in the account less U.S.$60 for the wire. It's a ripoff but I'm the hostage. Interestingly, although KITCO is perfectly happy to let you send them money by PayPal, they have no facility to send any money to your PayPal account which would be vastly cheaper for the customer! I ask him when I could expect to receive the funds. He says something about 24 business hours and mumbles something I can't understand. Repeating it doesn't help. Time to hang up. Monday morning no money in my account! About 3 p.m. my phone rings. It's customer service guy and he's wanting to confirm something I can't understand what he's saying. WTF! There just seems to be no end to this thing! I have provided my user ID, password, account number, year of birth, pets first name, postal code, telephone number and the full details of a bank account in my own name for the funds to be sent to. I have successfully completed the multi step procedure on their website to sell the silver ounces in my pool account. I have engaged with their customer service reps three times by telephone to reverify and reconfirm my sell order and my request for a withdrawal of funds to an account with my name. I have completed their DocuSign form providing banking details for the funds transfer. This has taken over a week of back and forth communications. And I still have not received any money from KITCO! It is apparent that kitco does not trust its own security systems in which case why should anyone else?

Reply from Kitco Metals Inc.2025-09-11

Thank you for bringing this to our attention. We’re sorry for the inconvenience and want to assure you that our team will be reaching out to review the details of your transaction and provide you with an update. The security of our customers’ accounts is a top priority, and we’ll go over available options together to hopefully address your concerns. At this time, international payments are limited to bank wires, but please know that we’re actively working on expanding and improving the payment options we can offer.

B
Baer, Wayne · 10 reviews · Experienced 2025-09-05 ·

Was on the phone with Carlos and could…

Was on the phone with Carlos and could not be happier the way Carlos guided me through all the hoops needed to complete my concern. This phone call was absolutely flawless. Thank you Carlos.

Reply from Kitco Metals Inc.2025-09-11

Thank you for sharing your experience. We’re glad to hear Carlos guided you through everything so smoothly and that your call went flawlessly. We’ll be sure to share your kind words with him.

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