In-depth review
Miles Franklin Precious Metals Review (2026)
Miles Franklin is best for investors who want personalized bullion guidance, an extensive metals catalog, and fully segregated Brink’s storage from a family-owned dealer with decades of experience.
4.0
Our score / 5
Founded
1989
Metals offered
Gold, Silver, Platinum, and Palladium
Storage
Brink’s
BBB rating
A+
The quick verdict
Is Miles Franklin Precious Metals worth it?
Miles Franklin is worth considering for investors who value personal service, a broad bullion selection, and secure domestic or Canadian storage. Its operating history, A+ BBB rating, Minnesota regulatory oversight, and direct Brink’s relationship are meaningful strengths, but limited fee transparency and a small, mixed Trustpilot sample prevent a higher score.
Bottom line
Best for investors who want adviser-assisted bullion purchases and fully segregated storage. Consider alternatives if published prices, clearly stated minimums, and a complete online IRA fee schedule are priorities.
What we like
Watch out for
Best for
Not ideal for
Costs
Fees, pricing & minimums
Miles Franklin does not clearly publish a universal minimum investment for ordinary bullion purchases or precious-metals IRAs. Customers should ask whether minimum order sizes apply to specific products, payment methods, storage programs, or promotional prices.
The company’s IRA guide provides general custodian estimates of 25–50 for account setup and 75–300 or more for annual administration. These are industry ranges rather than guaranteed Miles Franklin charges. Storage may be billed at a flat rate or as a percentage of account value, depending on the custodian and depository arrangement.
Although the website displays products, many transactions remain broker-assisted, and final premiums can change with the metals market. Before agreeing to an order, request the live spot price, dealer premium, payment charge, shipping cost, storage expense, and current repurchase quote in writing. Promotions are time-sensitive and should be evaluated against the total spread.
Security
Storage & custody
Miles Franklin offers fully segregated storage through Brink’s Global Services at facilities in Los Angeles, New York, Salt Lake City, Miami, Montreal, and Vancouver. Its separate private safe-deposit-box program for gold and platinum is available at Brink’s locations in Toronto and Vancouver. The company states that all storage options include comprehensive insurance and that location-specific insurance documentation is available upon request.
For an IRA, the investor must use a qualified self-directed IRA custodian and an approved depository. Miles Franklin explains both allocated non-segregated and segregated storage, but it does not identify one mandatory custodian or depository on its current IRA page. Customers should confirm the exact institutions, storage type, insurance limits, audit procedures, and complete fee schedule before transferring funds.
IRA-owned metals cannot ordinarily be delivered to the account holder or stored at home. Personal possession may be treated as a taxable distribution and could result in taxes and penalties.
Products
Metals & product selection
Miles Franklin sells gold, silver, platinum, and palladium coins, bars, and rounds. Its catalog includes products from the United States Mint, Royal Canadian Mint, Perth Mint, Royal Mint, Austrian Mint, PAMP, Valcambi, and South African Mint. Popular choices include American Eagles, Canadian Maple Leafs, Australian Kangaroos, and qualifying bars in multiple sizes.
Separate IRA-approved categories are available for all four metals, giving retirement investors a strong range of eligible products. Miles Franklin’s IRA guidance also warns customers to examine fractional, collectible, and premium coins carefully—a useful reminder because these products may carry larger spreads than standard bullion. Non-IRA purchases can be delivered to the customer or placed in professional storage.
Trust
Reputation & track record
Miles Franklin was founded by David and Andy Schectman in 1989, although the BBB records its legal start and incorporation in February 1990. The company is family-owned and says it has completed more than $12 billion in sales. It also emphasizes its compliance with Minnesota’s precious-metals dealer requirements, including bonding and regulatory oversight.
The BBB lists Miles Franklin as accredited since 2009 with an A+ rating and generally favorable published reviews. Trustpilot presents a less consistent picture: the unclaimed profile had a 3.0 rating based on only five reviews when checked, including praise for personal service and criticism involving prices, delivery, and order handling. Such a small sample is not sufficient to establish a dependable overall pattern.
Scorecard
How we scored Miles Franklin Precious Metals
Not sure Miles Franklin Precious Metals is the right fit?
See how it stacks up against every provider we rate.
Editorial
How we review gold IRA companies
We evaluate gold IRA companies across fees and value, product selection, storage and security, customer support, and reputation. Pricing transparency, total account expenses, compliant custody, insurance, product liquidity, operating history, and documented customer-service patterns receive the greatest weight. Provider claims are compared with current public disclosures and independent records wherever possible.
FAQ
Common questions about Miles Franklin Precious Metals
What is Miles Franklin Precious Metals’ minimum investment?
Miles Franklin does not clearly publish one universal minimum investment. Minimum quantities or order values may depend on the product, IRA custodian, storage option, and payment method. Request the applicable minimum and complete transaction cost before placing an order.
Is Miles Franklin Precious Metals a legitimate, safe choice?
Miles Franklin is an established family-owned precious-metals dealer with an A+ BBB rating and accreditation dating to 2009. It also offers insured Brink’s storage and operates under Minnesota’s precious-metals dealer requirements. Investors should still compare written prices and independently verify every custodian, depository, and insurance arrangement.
Can I roll over a 401(k) into a gold IRA with them?
Miles Franklin can help eligible investors purchase precious metals through a self-directed IRA. A correctly completed direct trustee-to-trustee rollover is generally not taxable because the funds move between qualified institutions without being paid to the investor. Eligibility depends on the employer plan, so consult the plan administrator, IRA custodian, and a qualified tax professional.
Where will my metals be stored?
IRA metals must be held at an approved third-party depository selected in coordination with the custodian. Miles Franklin works with Brink’s and offers multiple North American vault locations, but the exact facility depends on the account arrangement. Home storage is not permitted for metals held in a conventional precious-metals IRA.
Final verdict
Should you choose Miles Franklin Precious Metals?
Miles Franklin is a compelling choice for investors who want personalized guidance, a wide bullion selection, and insured segregated storage through Brink’s. Its limited public disclosure of minimums, final transaction prices, and IRA-specific fees means customers should obtain an itemized written quote and compare it with competing dealers before purchasing.
Affiliate disclosure: We may earn a commission if you open an account through our links, at no extra cost to you. This can influence which companies we feature. We only cover providers we believe offer genuine value.
Not financial advice: Informational only. Precious-metals investing carries risk, including loss of principal. Consult a licensed advisor before investing.
