Gainesville Coins Review

WebsiteFeesBBB RatingTrustlink Rating
$225+ A+0

Gainesville Coins was created in July 2006 and makes a specialty of buying and selling gold as well as silver bullion coins, and special items like coins and stamps. Gainesville Coins is based out of Florida and is not only approved by the BBB but boasts an A+ score to boot.

Each and every investor contemplating doing business with this company will do well to look into it. The income potential on virtually any financial investment is dependent upon numerous variables, and picking the right business enterprise to work with is truly one of the most crucial aspects in the equation. Following is a Gainsville Coins Review that will effectively give you a comprehensive view of the company’s pros and cons.

The Advantages

Gainesville Coins is a comparatively small business that makes a specialty of offering gold and silver coins and bars at a really low price. People who want to purchase gold and immediately resell it for a profit will quickly realize that dealing with this company could very well be a wise idea, particularly if the investor is working with the enterprise in person instead of buying gold or silver on the web.

Gainesville Coins also provides reasonably priced storage space with an extremely high degree of security and safety. Your bullion coins and bars are kept in a segregated fashion rather than being mixed with others’ investments. Additionally, the storage complex is completely insured and can additionally be used for some varieties of self-directed IRA accounts.

Gainesville Coins also provides account notifications over the net and will purchase back precious metal coins in a timely, efficient manner. Despite its comparatively small size, the business has a lot to provide you with both in the shape of services and precious metal investment solutions.

The Disadvantages

While Gainesville Coins has an excellent BBB rating, it is equally extremely important to keep in mind there have been 45 complaints against the business within the last few years. Most of these are related to product shipping and delivery, standard of product provided, and also customer service.

TrustLink, a well-known review website, has no details on Gainesville Coins. Nevertheless, all but one Yelp reviewer have given this company a one-star record. Those who are unsatisfied with the organization note that that Gainesville Coins offers inadequate client service. The business appears not to feature a reliable tool for verifying the identity of web-based traders; it has failed to offer satisfactory shipping occasionally, and has even intimidated traders with legal action over disputes which were at least to a certain extent the company’s fault.

It should also be mentioned that, as the old saying says, “You get what you pay for.” Although other businesses offer nothing but brand-new, first-rate bars, bullion coins and/or collectible coins, this simply cannot be stated about Gainesville Coins. The buys as well as resells bars and coins which have been in less than pristine overall condition; even though the weight might be the same, it is crucial to remember that coins and bars which have clearly not been dealt with adequately are often very problematic to market afterwards.

Some other individuals have been discouraged by Gainesville Coins’ unprofessional nature. The business works out of a small shop in a plaza and does not strike one as being a trustworthy business partner, particularly in view of the fact that a lot of investors buy tens of thousands of dollars of precious metals in one business deal. Even though the vault is said to have a very high degree of protection, clients are not allowed to visit, which makes it unfeasible to verify that Gainesville does provide you with the premium quality storage area that it claims to possess.

Additionally, as was stated above, the organization is a relatively new player. It has not been operational for long, meaning that there is a very real risk that it might not be in business long-term. Gold trading is gaining in popularity; there exists a lot of competition in this area and many new companies just do not make it past the first or second decade of operation.

A Gainsville Coins Review Wrap-Up

Individuals who are interested in investing a relatively small amount of funds in gold and/or silver could find that buying gold and/or silver coins or bars from Gainesville Coins is possibly not a bad choice. The organization can provide lower prices when compared to most, if not all, of its peers and those who have dealt with the company face to face report no sales transactions problems. What is more, the enterprise offers reasonably priced but really secure storage facilities, enabling a person to ensure the safety of his or her investments while not having to pay for a high-priced home safe.

In spite of this, conducting business with Gainsville on the net is fraught with challenges. While the organization features a good-looking, greatly professional site, anyone who has employed this website to invest in precious metals report that the transaction is flawed on many levels. It is hard to reach a live customer representative to address these difficulties; moreover, the company’s sales representatives are frequently either impolite or unprepared to eliminate the issue.

Additionally, it appears that Gainesville Coins ships purchases by using USPS, which is not the most secure shipping method. Furthermore, several customers noted that the shipped package did not arrive and it was difficult to obtain a full refund.

Who to conduct Business With?

As was mentioned above, it is very important to opt for a silver and gold dealer wisely, as some are superior to others. Gainesville Coins, unfortunately, is far from being one of the most impressive dealerships around. In most cases, individuals who are focused on investing in precious metals would do well to work with a business that offers a superior degree of customer care and has a great deal of experience with not just purchasing, selling and storing precious metals, but also rolling over IRA accounts.

Regal Assets is certainly one of the top companies of this nature to operate with. Although the organization has gotten a few bad reviews, it has an overall high review score from numerous investors who have conducted business with the organization. Regal Assets has been in business for well over half a century, makes it simple for people to acquire new, excellent quality gold and silver products on the net, provides investment advice and more.

Our Recommendation



BBB: Rating of A+, 1 complaint with BBB in last 3 years | 0 in last 12 months

Inc 500 Magazine ranked them number 20 out of 6 million Financial Service Providers in America.

TrustLink:  shows an A-rating with 422 documented endorsements from customers.


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