Is Gainesville Coins reputable- Gainesville Coins was founded in January 2000 and has its corporate headquarters in Lutz, Florida. The similarity of the three contact names suggests that the company is primarily run by family members.
Gainesville Coins asserts that because of their vast inventory, they have been able to sell the majority of their products at a discount. These prices are significantly less expensive than those provided by smaller sellers.
Tiered pricing, which entitles you to simple discounts if you buy more amounts, is what they use for the majority of their products. They have a minimum order requirement for everyone who wants to buy from them or sell to them.
Gainesville Coins is a member of the American Numismatic Association (ANA), the Certified Coin Exchange (CCE), the Industrial Council for Tangible Assets (ICTA), and Coin Net.
The business is a government-approved distributor for a number of Mints around the world. These include the Royal Mint (UK), the U.S. Mint, the Pert Mint (Australia), the Royal Australia Mint, and Monnaie de Paris (France).
Storage Options available
Gainesville claims that because of its large inventory, they are able to offer wholesale prices which are more competitive than those of smaller dealers. Also, they offer tiered pricing on many of their products which means that you can benefit from discounts if you purchase larger amounts. They have no minimum order requirements when you are either buying from them or selling to them.
They offer their own storage option to their customers. For this, they charge annual scaled fees. These can work out quite costly when compared with the flat fees which are offered by some of their competitors.
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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.
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Gainesville Coins, like any other investment company, has advantages and disadvantages. You must weigh the advantages and disadvantages to arrive at a wise option.
A wide variety of gold, silver, and platinum goods are available from Gainesville Coins. If you are a collector, they make great friends. The company offers a selection of ancient coins for sale.
Gainesville Coins is well known for producing IRA-eligible gold, silver, and platinum coins. However, the company doesn’t currently market anything made of palladium. The company routinely marks the majority of the products as “out of stock”. Customers occasionally complain about the high commission fees.
Gainesville Coins is a prominent player in the precious metals sector. It has been in business for more than 20 years and has a good reputation. The company has a huge selection that customers can choose from.
Gainesville Coins, is a well-known precious metals merchant, with its main headquarters in Lutz, Florida. The company owns a sizable assortment of different gold and silver holdings. Additionally, it claims to offer some of the best prices for its products on the market.
They are in charge of this by selling them at wholesale prices and maintaining a sizable inventory. However, several customers claim that the company routinely lists the vast majority of the products as being “out of stock”.
Gainesville Coins is a trustworthy company, however, we do not advise doing business with them. They are not a scam, but they are not the best choice for IRAs or gold investments, unlike other companies we have written about on this website.
Is Gainesville Coins Reputable? – What Do Their Customers Say:
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.
GainesvilleCoins has a rating of 4 stars from 76 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with GainesvilleCoins most frequently mention customer service. GainesvilleCoins ranks 8th among Coins sites.
On Trustpilot, Gainesville Coins have received 2.9 stars out of 5.
Is Gainesville Coins Reputable? : Summary
Gainesville Coins is a reputable company and a prominent player in the precious metals sector. They have a good online store and a wide selection of stock.
Gainesville Coins clearly place a priority on providing excellent customer service as well as on keeping its reputation and profile. They are members of our connected to various reputable groups pertaining to precious metals.
We would prefer it if they offered flat storage rates rather than scaled storage fees, especially for precious metals IRAs since their theoretically lower prices could be partially offset by their relatively higher storage costs.
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.
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