Gainesville Coins was founded in July 2006 and focuses on buying and selling precious metals like gold and also silver bullion coins, and collectible coins and stamps. Gainesville Coins located in Florida and is not just recognised by the Better Business Bureau but has an A+ status to boot.
Any trader considering doing business with this particular organization would do well to find out more about it. The return potential on virtually any investment is determined by several variables, and determining the best business to trade with is easily one the most the most crucial issues in the decision. Following is a Gainsville Coins Overview which will provide you with a comprehensive view of the company’s pros and cons.
The Pros
Gainesville Coins is a relatively small company that focuses on trading gold and silver coins and bars at a quite low price. Those who want to purchase precious metals and resell it right away for a revenue will discover that doing business with this company can certainly be a good option, particularly if you are dealing with the company in person instead of purchasing gold or silver over the internet.
Gainesville Coins also provides reasonably priced storage facilities with a very high level of security. The investors’ bullion coins and bars are kept in a segregated way rather than being mixed with others’ assets. In addition, the storage area is completely protected by insurance and can also be used for certain kinds of self-directed IRA accounts.
Gainesville Coins also provides account reports on the internet and will buy back precious metal assets in a quick, efficient way. In spite of its comparatively small size, the company has much to provide you with both in the form of services and silver and gold purchase solutions.
The Cons
Whilst Gainesville Coins boasts an outstanding BBB rating, it is also crucial to remember there have been 45 complaints against the organization over the past several years. Most of these are relating to product delivery, quality of product delivered, and customer service.
TrustLink, a well-known review site, does not have any specifics of Gainesville Coins. However, all but one Yelp reviewer have given this company a one-star record. Traders who are displeased with the organization comment that that Gainesville Coins provides poor-quality client service. The company appears not to have an efficient mechanism for authenticating the identity of online traders; it has failed to offer adequate shipping and delivery in some cases, and has even intimidated traders with legal measures over situations which were at least to a certain extent the company’s fault.
It should moreover be observed that, as the old saying goes, “You get what you pay for.” While some other businesses provide solely new, top-notch bars, bullion coins and/or collectible coins, this cannot be said of Gainesville Coins. The acquires as well as resells coins and bars that are in less than top condition; even though the weight may be the same, it is essential to be aware that bars and coins that have not been looked after adequately are often very problematic to resell down the road.
Some other individuals have been put off by Gainesville Coins’ unprofessional practices. The organization works out of a small shop in a plaza and does not strike one as being a reputable trading partner, particularly in view of the fact that multiple individuals buy tens of thousands of dollars of precious metals in one transaction. Whereas the vault is said to have a very high degree of security and safety, customers are not allowed to visit, which makes it unfeasible to establish that Gainesville does offer the top-notch storage area that it claims to possess.
Furthermore, as was considered above, the business is a relatively new player. It has not been on the market for long, and as a result there is certainly a high risk that it might not stay in business for an extended time. Gold trading is increasing in recognition; there exists plenty of competitiveness within this niche and fledgling business enterprises just do not make it past the first or second decade of operations.
A Gainsville Coins Evaluation Wrap-Up
People who want to invest a somewhat small amount of dollars in gold and/or silver may find that acquiring precious metal coins or bars from Gainesville Coins is not necessarily opportunity. The company offers lower prices compared to most, if not all, of its peers and individuals who have done business with the organization in person report virtually no sales transactions problems. What is more, the organization can provide budget-friendly but really secure storate areas, which allows the trader to store his or her investments safely with no need to actually buy an expensive home safe.
All the same, conducting business with Gainsville on the net is fraught with challenges. Even though the organization keeps a beautiful, highly professional website, anyone who has employed this site to obtain silver and/or gold report that the exchange is less-than-perfect on several levels. It is difficult to reach a live customer representative to remedy these issues; to make things worse, the company’s sales associates are frequently either rude or ignorant of how to resolve the issue.
Moreover, it appears that Gainesville Coins sends purchases with USPS, which is not the most secure shipping method. Additionally, a variety of clients observed that the shipped package failed to arrive and it was fairly difficult to get a full refund.
Who to conduct Business With?
As was mentioned above, it is imperative to choose a gold and silver dealer meticulously, as some more professional than others. Gainesville Coins, regrettably, is far from being one of the most effective dealerships around. In most cases, people who are committed to investing in gold and/or silver would do well to work with a company offering a high measure of customer satisfaction and has a great deal of experience with not merely buying, selling and storing gold and silver, but also rolling over IRA accounts.
Regal Assets is perhaps one of the top organizations of this kind to operate with. While the company has gotten a few negative reviews, it has an overall high review background from various investors who have carried out business with the company. Regal Assets has been on the market for well over half a century, makes it uncomplicated for individuals to purchase new, exceptional gold and silver products online, offers investment advice and more.
