Miles Franklin Precious Metals Review


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Miles Franklin: A Trusted Precious Metals Merchant

Miles Franklin is a well-established precious metals merchant that has been operating since 1989. Founded by David and Andrew Schectman, the company’s primary focus is to offer investors a reliable means of hedging against market volatility through the purchase of precious metals.

What Sets Miles Franklin Apart

Unlike traditional precious metals dealers, Miles Franklin distinguishes itself by serving as both a service provider and a bargain broker, ensuring low operating costs. This unique approach allows them to deliver superior service to their clients.

Commitment to Service Excellence

Miles Franklin believes in providing exceptional service by emphasizing fair pricing, educating clients about the industry, and maintaining a friendly and knowledgeable staff. These elements work together to ensure that customers receive the support they need when making important investment decisions.

Wide Range of Precious Metals Products

Miles Franklin offers a diverse selection of precious metals products, providing investors with options to suit their individual preferences and investment goals. Whether it’s gold, silver, platinum, or palladium, the company aims to cater to a broad spectrum of client needs.

Owner: Andy Schectman

Miles Franklin is currently owned by Andy Schectman, who has been instrumental in upholding the company’s commitment to integrity and customer satisfaction. With his leadership, the organization continues to provide reliable precious metals services to investors.

Customer Rating: 4.0/5

Based on customer feedback, Miles Franklin has garnered a rating of 4.0 out of 5, indicating a generally positive perception among clients. This rating underscores the company’s dedication to delivering quality service and fostering customer satisfaction.

In conclusion, Miles Franklin has established itself as a trusted name in the precious metals industry. With its extensive experience, commitment to service excellence, wide range of products, and positive customer rating, the company remains a reliable choice for investors seeking to protect their assets through the acquisition of precious metals.

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  • They have received over 1,000 5-star ratings online
  • They safeguard over $1 billion in retirement savings
  • They have earned an AAA customer rating
  • They have an A+ rating with BBB
  • They have won Inc 500 award 5 times
  • They were named the 2021 company of the year.

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About Miles Franklin Precious Metals

Miles Franklin: A Unique Approach to Precious Metals

Miles Franklin, founded by Andrew Schectman and David Schectman, aims to provide a wide range of precious metal products with the support of knowledgeable brokers and competitive prices.

Unconventional Services

Setting itself apart from others in the industry, Miles Franklin offers a variety of services, including both full-service and low-cost alternatives to traditional brokers. This unique approach caters to the diverse needs and preferences of their clients.

Customized Assets for Revenue Enhancement

With a focus on innovation, Miles Franklin specializes in developing customized assets made of precious metals. This approach has proven successful in boosting revenue for their customers across the United States since 1989.

Branches in Wayzata and Delray Beach

Miles Franklin has its original branch located in Wayzata, Minnesota. Additionally, they have recently opened a new outpost in Delray Beach, Florida, expanding their reach and accessibility to customers.

Company Philosophy

Miles Franklin upholds a set of core values that form the foundation of their business. They emphasize honesty, integrity, reputation, expertise, exceptional service, quality products, strong industry contacts, and valuable resources. These principles guide the operation and decision-making processes of the Miles Franklin enterprise.

In summary, Miles Franklin offers a unique and comprehensive approach to the precious metals market. With their commitment to personalized service, competitive pricing, and a diverse range of products, the company has established a solid presence in the industry. By prioritizing honesty, expertise, and customer satisfaction, Miles Franklin continues to deliver innovative solutions for individuals seeking to enhance their revenue through precious metal investments.

Storing Gold With Miles Franklin Precious Metals


Secure Storage and Shipping Services at Miles Franklin

When it comes to storing precious metals, transparency and security are essential. Miles Franklin understands this importance and provides customers with a reliable and transparent storage solution.

Secure Storage

Precious metals purchased from Miles Franklin can be securely stored at Brinks, a trusted and private vault facility. These vaults are climate-controlled and located in cities such as Salt Lake City, Miami, New York, Vancouver, Los Angeles, and Toronto, offering customers a wide range of storage options.

Transparency and Accessibility

Miles Franklin ensures transparency by displaying your name and account number on the storage box, and your precious metals are stored in a secure and segregated area. Additionally, customers have the flexibility to deliver, pick up, or leave their silver, gold, platinum, or palladium at any time. If you decide to sell your holdings, Miles Franklin facilitates the process and ensures payment within a few days.

Custodial Services

Miles Franklin has been entrusted by New Direction Trust Company to handle its custodial needs, further demonstrating their expertise and reliability in the industry.

Operational Details

While Miles Franklin does not offer online transactions, they have a website where you can find information about their services and policies. To inquire about their products or place an order, you can contact them via phone at 1-800-822-8080 or 1-952-929-7006.

Shipping Procedures

All packages are shipped using UPS or the US Postal Service, with each package insured and requiring a signature upon delivery. Miles Franklin covers the cost of insurance for every purchase. Free domestic shipping and insurance are included with orders of 10 ounces or more of gold, platinum, or palladium, as well as orders of 500 ounces or more of silver. For orders below $150, shipping and insurance costs approximately $15.

For international shipping inquiries or additional information, it is recommended to contact a broker who can provide specific guidance and assistance.

Miles Franklin ensures the safe and secure transportation of your precious metals, providing peace of mind throughout the shipping process.

By prioritizing transparency, security, and reliable customer service, Miles Franklin has established itself as a reputable source for purchasing and storing precious metals.

Products and Services


Miles Franklin Product Offerings and Precious Metals IRA

Miles Franklin specializes in dealing with a variety of precious metals, including silver, gold, palladium, and platinum. They offer bars and coins in these metals, along with gold substitutes and other precious metals that can be held in an Individual Retirement Account (IRA).

The company not only assists customers in purchasing these products but also helps them sell their precious metals when needed. They provide custodial and warehousing services, ensuring the safe storage of clients’ metals. The custodial duties are managed by New Direction Trust Company.

Here are some of the popular products offered by Miles Franklin:

Gold American Buffalo one ounce
– Pamp Suisse one-ounce Platinum bar
– Royal Canadian Mint one-ounce Platinum Maple Leaf
– Royal Canadian Gold Mint one ounce
– Gold Australian Kangaroo one ounce

Miles Franklin’s Precious Metals IRA option allows individuals to invest in precious metals through various provided choices. They have partnered with Brinks, a trusted supplier of secure storage vaults, and New Direction Trust Company, an independent custodial service provider. The IRA option involves flat costs in addition to variable yearly prices.

Miles Franklin has been in the business since 1989 and offers a wide range of precious metals, including silver, gold, palladium, and platinum.

By collaborating with New Direction IRA, Miles Franklin offers clients a seamless process for opening self-directed individual retirement accounts. The company facilitates the following streamlined services for customers:

– Easy movement of funds from existing retirement accounts
– Online fund transfers and deposits
– Ability to use self-directed IRA for buying and selling precious metals
– Secure storage of precious metals in designated locations
– 24/7 access to gold and silver holdings

Creating an account with Miles Franklin is a quick and straightforward process. However, if you encounter any difficulties during registration, their team is available to provide assistance.

Management Team at Miles Franklin

Miles Franklin was founded in 1989 by David Schectman and Andy Schectman, a father and son duo. Andy Schectman serves as the owner and president of the company, while David Schectman holds the position of Chief Executive Officer.

Customer Reviews

Miles Franklin is indeed a legitimate company that offers quality products and services in the precious metals industry. With nearly 30 years of experience, the company has established itself as a reputable player in the market.

While it is true that there may be limited customer ratings and reviews available online, it does not necessarily indicate any fraudulent activity. Some companies may have a lower online presence or may not actively encourage customer feedback. It’s always a good idea to exercise caution and conduct thorough research before engaging in any financial transactions.

Miles Franklin understands the concerns regarding the security of precious metals and has made significant investments in advanced technology to ensure the protection of customers’ gold, silver, and other metals. They offer private safe deposit boxes that are secure and insured, providing customers with peace of mind.

To set up an account with Miles Franklin, you can either create an account online or visit their physical location to complete the necessary paperwork. After making a deposit into your self-directed IRA account, you can instruct your Miles Franklin broker to purchase the desired precious metals. Once the funds are received, Miles Franklin will ship the metals to your chosen depository or storage company.

Here are the pros and cons associated with Miles Franklin:


  • Offers an extensive selection of rare coins and precious metals
  • Approved for use in IRA accounts
  • Provides attentive customer service
  • Positive feedback from satisfied customers
  • Established as a dependable and trustworthy company


  • Limited customer feedback available online
  • Pricing information may not be readily available on their website
  • Inability to place online orders


Miles Franklin is a reputable precious metals trader with a long-standing presence in the industry. It’s always advisable to conduct due diligence and consider your individual needs before engaging in any financial transactions.

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