Gainesville Coins Legit-Gainesville Coins has its headquarters in Lutz, Florida, and has been in business since January 2000. Given that the three contact names are similar, it seems that the company is mostly operated by members of the same family.
Gainesville Coins claims that due to their substantial inventory, they have been able to sell the majority of their goods for wholesale costs. Compared to those supplied by smaller dealers, these costs are far more reasonable.
For the majority of their products, they use what is known as tiered pricing, which entitles you to easy discounts if you purchase larger quantities. Anyone purchasing from or selling to them must meet a minimum order requirement.
Gainesville Coins is a member of the American Numismatic Association (ANA), Industrial Council for Tangible Assets (ICTA), the Certified Coin Exchange (CCE0 and Coin Net.
The company is also a government-authorized distributor for several Mints across the globe. These include Royal Mint (UK), U.S. Mint, Royal Australia Mint, Monnaie de Paris (France), and the Pert Mint (Australia).
Beware of Gold IRA scams. Recently several scams have been charged by the authorities. Companies such as Regal Assets, Safeguard Metals and Red Rock Secured defrauded hundreds of retirees like you and me. I strongly suggest you learn how to identify gold IRA scams. You can request a free guide using the button below:
Gainesville Coins offer a wide variety of gold and silver products to its customers across the country.
They include the following:
There are three major types of gold bullion offered by the company. They include
The conventional way of buying gold bullion is in the form of coins. Bars cannot be used as legal tender. Their value is determined by their actual gold weight (AGW). It is much easier to buy gold bars online through Gainesville Coins.
Gold coins are often considered the safest way to buy gold. The coins are fully backed in faith and credit by the government that offered them.
Pre-1933 gold coins:
Most gold coins were made by countries around the world before 1933. Private gold was outlawed in the United States in 1933 by President Franklin Roosevelt.
Silver Bullion Coins
People normally purchase silver rounds for different reasons. You can decide to buy them for artistic purposes or hold them and sell them later at a higher price. The company sales silver bars and silver rounds from trusted brands including the following:
Mercury Dime Design Silver Rounds
Silver Buffalo Rounds
Morgan Dollar Design
Masson Mint Heritage Silver Rounds
Peace Dollar Design Silver Rounds
Walking Liberty Design Silver Rounds
Gainesville Coins Legit- Storage and Shipping Costs
You will find a lot of dealers advertising free shipping cost offers. But the truth is that most dealers include the so-called free shipping cost into the price of precious metals and premiums.
At Gainesville Coins, we give you a simple way of determining how much your shipping fee will be before placing an order.
All you need to do is add all the items you would like to purchase to your shopping cart and type your shipping code into the shipping calculator.
All gold IRA companies are NOT the same. We’ve done the hard work for you and found the most transparent gold IRA company with the highest rating by customers.
Just like any other investment firm, Gainesville Coins has its own merits and demerits. It is up to you to look at both the pros and cons and make an informed decision.
Gainesville Coins has a huge selection of gold, silver, and platinum products. They are a fantastic companion if you are a collector. The business sells a variety of historic coins.
Gainesville Coins is well recognized for its gold, silver, and platinum coins that are IRA-eligible. But the company doesn’t currently sell items containing palladium. Most of the products are frequently marked as “out of stock” by the company. In some cases, clients lament the excessive commission charges.
A key player in the precious metals industry is Gainesville Coins. It has a solid reputation and has been in operation for more than 20 years. Customers can choose from a sizable inventory at the business.
The main office of renowned precious metals trader Gainesville Coins is in Lutz, Florida. The business boasts a sizable collection of various gold and silver assets. Additionally, it asserts that it has some of the finest pricing on the market for its goods.
They sell them at wholesale pricing and have a huge inventory, which is responsible for this. Some clients, however, report that the business frequently lists the majority of the products as “out of stock”.
Gainesville Coins is a respectable business, however, we do not suggest working with them. They are not a fraud, but unlike other businesses, we have written about on this website, they are not the ideal option for IRAs or gold investments.
Let’s look at some of the reviews
People highlight the pros and cons of Gainesville coins as there are pros and cons with every company.
At the time of our most recent check Gainesville had a 2 out of 5 stars rating on Yelp, based on 22 reviews. These reviews were varied and customer ratings ranged from a minimum of 1 out of 5 to a maximum of 5 out of 5.
Gainesville Coins have been accredited with the BBB since November 2006 and they have been awarded an A+ rating which on a scale ranging from A+ to F is the highest achievable.
At the time of our most recent check, there had been 104 complaints closed with the BBB in the previous 3 years and 87 closed in the previous 12 months.
Gainesville Coins Legit: Summary
Gainesville Coins is a serious player in the precious metals industry and have a good reputation. They have a large inventory to choose from and a good online shop.
They are members of our connected to several precious metals-related authoritative bodies and they clearly put an emphasis on offering good customer service and on maintaining their reputation and profile.
Particularly with regards to precious metals IRAs, we would prefer it if they offered flat as opposed to scaled storage fees because their comparatively higher storage cost could potentially offset their competitive prices.
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 in your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer. Also, it helps with what you might miss out on.