Gainesville Coins was launched in July 2006 and makes a specialty of selling and buying precious metals like gold and silver bullion coins, and special items like coins and stamps. Gainesville Coins located in Florida and is not just recognised by the Better Business Bureau but also has an A+ rating to boot.
Each and every trader thinking about conducting business with this particular organization will do well to find out more about it. The income potential on any specific investment is dependent upon a number of factors, and selecting the most appropriate business to work with is easily one the most the most critical issues in the equation. Following is a Gainsville Coins Assessment which will provide any trader with a good idea of the company’s good and bad points.
Gainesville Coins is a relatively small company that makes a specialty of trading precious metal coins and bars at a quite low cost. People who seeking to buy gold and promptly resell it for a profit will find that dealing with this company could very well be a good idea, particularly if one is working with the company personally rather than acquiring precious metals over the internet.
Gainesville Coins boasts cost-effective storage space with an extremely high degree of security and safety. Your bullion coins and bars are kept in a segregated way rather than mixed with others’ investments. Additionally, the storage area is completely insured and can also be utilized for some varieties of self-directed IRA accounts.
Gainesville Coins also provides account updates over the net and will purchase back gold and silver assets in a quick, professional manner. Despite its relatively small size, the business has much to provide you with both in the shape of assistance and precious metal investment possibilities.
Whilst Gainesville Coins has a high BBB score, it is also extremely important to remember there have been 45 complaints against the enterprise in the past several years. The majority of those are connected to product shipping and delivery, quality of product provided, in addition to customer care.
TrustLink, a widely known review website, does not have any specifics of Gainesville Coins. However, all but one Yelp reviewer have given the business a one-star score. Individuals who are displeased with the company comment that that Gainesville Coins offers poor-quality support services. The business appears not to have an efficient mechanism for confirming the identity of online customers; it has been unsuccessful in providing proper shipping and delivery in some instances, and has even threatened clients with legal action over matters that were at least partly the company’s problem.
It should also be observed that, as the old saying says, “You get what you pay for.” Whereas other companies provide solely brand-new, first-rate bars, bullion coins and/or collectible coins, this cannot be stated about Gainesville Coins. The company purchases and resells coins and bars which can be in less than pristine condition; whereas the weight might be the exact same, it is important to be aware that bars and coins which have clearly not been looked after appropriately can be quite problematic to market further down the line.
Some other consumers have been put off by Gainesville Coins’ unprofessional practices. The company works out of a small shop in a plaza and does not strike one as being a reputable business partner, particularly due to the fact that multiple individuals purchase tens of thousands of dollars of silver and/or gold in a single business exchange. Whereas the vault is said to possess a high degree of security and safety, traders are not allowed to visit, which makes it unfeasible to establish that Gainesville does provide you with the high quality storage facility that it claims to maintain.
Additionally, as was noted above, the organization is a comparatively new player. It has not been operational for long, which means that there is certainly a high risk that it might not stay in business for an extended time. Precious metal investment is increasing in recognition; there is quite a bit competition in this niche and many fledgling companies just do not make it past the first or second decade of operations.
A Gainsville Coins Evaluation Summary
Traders who plan on investing a somewhat small amount of money in gold and/or silver may discover that purchasing gold and/or silver coins or bars from Gainesville Coins is possibly not an undesirable choice. The business boasts lower prices when compared to most, if not all, of its competition and those who deal with the company in person report no sales transactions troubles. Moreover, the organization provides very affordable yet highly secure storate areas, enabling the investor to keep his or her investments safely without needing to purchase an expensive home safe.
In spite of this, doing business with Gainsville online is fraught with risks. Although the organization keeps a good-looking, greatly professional site, anyone who has employed this site to buy gold and/or silver report that the business operation is less-than-perfect on a variety of levels. It is hard to actually talk with a live customer representative over the phone to resolve these concerns; what is more, the company’s sales associates are usually either impolite or ignorant of how to eliminate the problem.
Additionally, it appears that Gainesville Coins sends purchases with USPS, which is not the most secure shipping method. Additionally, more than one customers affirmed that the shipped package failed to arrive and it was hard to obtain the full reimbursement.
Who to conduct Business With?
As was mentioned above, it is essential to select a gold and silver dealership wisely, as some are superior to others. Gainesville Coins, regrettably, is far from being one of the most effective dealerships around. Generally speaking, individuals who are keen on investing in precious metals would do well to work with a business that features a superior measure of customer satisfaction and has several years of experience with not only buying, selling and storing gold, but also rolling over IRA accounts.
Which Gold IRA Company Do I Recommend for 401ks and Rollovers?
My choice for the best Gold IRA firm is Regal Assets. You can give them a call at 1-888-745-7957.
Regal Assets is our top rated firm. It has high review ratings from numerous consumer websites and clients. Regal Assets makes it hassle-free for investors to acquire new, first-class silver and gold items online, offers investment advice and more.