BGASC Reviews

bgasc
BGASC
Verdict
BGASC is a precious metals dealer with over a decade of experience. The company offers gold, silver platinum and palladium bullion to consumers.
Fees & Charges
Honesty & Transparency
Reputation
Customer Service
Pros
Over a decade of experience
Impressive product selection
Cons
Mixed reviews
3
Expert Score

BGASC is a reputable online retailer specializing in gold, silver, platinum, and palladium products. Founded in 2012 and headquartered in California, BGASC offers a diverse range of coins, bars, rounds, and bullets to cater to various investment needs.

Led by Vice President Thomas Fougerousse, BGASC is known for its competitive pricing, extensive product selection, and commendable customer service. With over a decade of experience, BGASC has established itself as a reliable option for investors looking to diversify their portfolios with precious metals.

We’ll delve into BGASC’s offerings, customer feedback, and legal standing, providing you with a comprehensive overview to aid in your investment decisions.

What is BGASC?

BGASC stands for Buy Gold and Silver Coins. It is an online retailer that specializes in selling a wide range of gold, silver, platinum, and palladium products, including coins, bars, rounds, and bullets.

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BGASC was founded in 2012 and is based in California, USA.

They offer competitive pricing and free shipping on all orders over $50k. BGASC is also known for its excellent customer service and high customer satisfaction ratings.

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People Behind BGASC

BGASC is located at 6125 Luther Lane 474, Dallas, TX 75225. The BBB file for BGASC was opened on October 1, 2013, and the company has been in business for 11 years since it was started on February 7, 2012.

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BGASC is a Limited Liability Company (LLC) that may require professional licensing, bonding, or registration, according to the industry in which it operates. Therefore, the BBB encourages customers to check with the appropriate agency to ensure that all requirements are currently being met.

The company’s Vice President of Operations, Thomas Fougerousse, manages BGASC’s business operations. Fougerousse also serves as the primary customer contact. BGASC was incorporated on February 7, 2012, and has been accredited by the BBB since February 4, 2016.

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How to Invest in BGASC IRA?

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Investing in BGASC IRA requires the following steps:

  1. Open an IRA account: To invest in BGASC IRA, you need to first open an IRA account with a custodian that allows precious metals investments. You can choose from a traditional IRA, Roth IRA, or a self-directed IRA.
  1. Fund the IRA account: Once you have opened an IRA account, you need to fund it. You can either transfer funds from an existing IRA account or contribute funds to the account.
  1. Choose a BGASC IRA product: After funding the IRA account, you need to choose a BGASC IRA product to invest in. BGASC offers a wide range of IRA-eligible precious metals products, including gold and silver coins and bars.
  1. Purchase the BGASC IRA product: Once you have chosen the BGASC IRA product, you can purchase it through your IRA custodian. BGASC will then ship the product directly to the custodian for safekeeping.
  1. Monitor your investment: As with any investment, it is important to monitor your BGASC IRA investment regularly to ensure it is performing as expected.

However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.

Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer of your state and choose accordingly.

Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.

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BGASC Products

BGASC offers a wide range of bullion products, including gold, silver, platinum, and palladium coins and bars from around the world.

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Some of the products offered by this precious metals dealer include:

  1. American Gold Eagles
  2. Canadian Gold Maple Leafs
  3. South African Krugerrands
  4. Austrian Gold Philharmonics
  5. Chinese Gold Pandas
  6. American Silver Eagles
  7. Canadian Silver Maple Leafs
  8. Australian Silver Kangaroos
  9. Mexican Silver Libertads
  10. American Platinum Eagles
  11. Canadian Platinum Maple Leafs
  12. Australian Platinum Kangaroos
  13. American Palladium Eagles
  14. Canadian Palladium Maple Leafs

They also offer a selection of rare and collectable coins, as well as supplies for storing and protecting bullion, such as coin capsules, tubes, and storage boxes. BGASC strives to offer competitive pricing on its products and frequently runs promotions and discounts for its customers.

BGASC Fees and Charges

The company charges various fees and charges depending on the type of product and payment method used. Some of the fees and charges that customers may encounter include:

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  1. Product premiums: These are the extra charges that BGASC adds to the price of a product to cover their costs and make a profit. The premiums vary depending on the type of product, quantity, and market conditions.
  1. Shipping fees: BGASC offers various shipping options for customers, and the fees vary depending on the shipping method, destination, and order value.
  1. Payment fees: Depending on the payment method used, BGASC may charge additional fees. For example, credit card payments may incur a convenience fee, while wire transfers may have associated bank fees.
  1. IRA fees: For customers who choose to invest in gold and silver through an IRA, there may be additional fees charged by the IRA custodian and/or administrator.
  1. Sales tax: BGASC charges sales tax for orders shipped to certain states where they have a physical presence.

It’s important for customers to carefully review all fees and charges before placing an order with BGASC to avoid any surprises.

BGASC Reviews and Complaints

  1. Trustpilot: In Trustpilot based on 7746 customer reviews, the company is verified and has ratings of 4.8 stars out of 5 stars. 
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Positive Reviews:

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According to Brandon Kessler, the product received from Price was of excellent quality and packaged well. However, he had an unpleasant experience while inquiring about the delivery of the product. The person he spoke to was rude and threatened to hang up on him while he was merely explaining that the product appeared to be stuck in the same city for several days. Apart from this encounter, everything else was great, but it left him feeling frustrated and in a negative mood.

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According to James, his first order with BGASC arrived earlier than expected. He even mentioned that he had placed an order with a competitor two weeks prior to his BGASC order and received the BGASC order first. He was so satisfied with the prompt service that he has already placed a second order with BGASC.

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Pamela Shrader has ordered from BGASC on three or four occasions and has had positive experiences overall. The products arrived in a timely manner, except for one instance when her package was mistakenly rerouted. However, the issue was promptly resolved, and she received her package earlier than the updated schedule.

Pamela also appreciates the flexibility to purchase items in small quantities due to budget constraints. Over the course of a year, she has been able to accumulate a nice and sizable stack of products through slow and steady purchasing.

Negative Reviews:

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According to Mike Duffy, he placed an order for a 1 oz Rand Gold Bar but received an empty box. He had signed for the box without realizing that it was empty. When he reported the issue, he was informed that the company’s liability ended with his signature and that there was nothing they could do about it. It seems like the perfect crime.

  1. Better Business Bureau (BBB): BGASC has NR ratings with 4.1 stars out of 5 stars in their BBB account. A total of 20 customers reviewed them on Better Business Bureau. They have 2 closed complaints in the last 3 years. They are in business for 11 years.
BGASC reviews and ratings on BBB

Additional BGASC Reviews

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A customer has reported that they ordered a 1 oz. Gold Bar, but when they received the box, it was empty with no invoice or gold inside. Although the box did not appear to be tampered with, the customer contacted BGASC and spoke with the customer executive. He claimed that there was a video of the order being filled but refused to share it with the customer. The customer is now out $1,830 for a gold bar that turned out to be an empty box.

  1. Ripoff Report: BGASC has only 4 reports registered in their Ripoff Report account. The reviews are attached below.
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Complaints against BGASC
  1. ShopperApproved: The company has 4.8 stars ratings out of 5 stars in their ShopperApproved account. A total of 2576 customer ratings are there for BGASC. Mostly all the reviews are positive.
BGASC reviews on Shopper Approved

The leading providers in the precious metals industry are quite transparent about their leadership and pricing. Check out our top recommended company to find out more.

BGASC Lawsuits

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BGASC Lawsuits

As a result of numerous customer lawsuits, it appears that BGASC has also faced serious legal consequences. A few of the lawsuits are listed below:

  • Andrew Roseman filed a lawsuits against BGASC and three others.
BGASC Lawsuits
  • On August 26, 2021 Amen Mard filed a lawsuits against several companies including BGASC.

Is BGASC Legit? Should You Invest with Them (Buy Gold and Silver Coins)?

BGASC is a legitimate company that has been accredited by BBB and holds an A+ rating. Its Trustpilot rating of 4.8 stars and numerous positive customer reviews are a testament to its legitimacy.

However, whether a company is suitable for you or not depends on a number of factors. That’s why I recommend browsing the market and comparing multiple options to figure out which one matches your requirements the best.

Pros:

  • Over a decade of experience
  • Impressive product selection

Cons:

  • Mixed reviews

When choosing a precious metals dealer, you should always go with a reputed and reliable provider. To learn about the most reputed gold IRA companies, I recommend checking out my list of top gold IRA providers.

There, you can also find the best precious metals company of your state.

Have you dealt with BGASC? How was your experience? Let me know in the comments.