Gainesville Coins - A Thorough Review

Gainesville Coins was started in July 2006 and specializes in buying and selling gold and silver bullion coins, and collectible items such as coins and stamps. Gainesville Coins based in Florida and is not just approved by the BBB but also boasts an A+ rating to boot.

Any investor who is considering doing business with this particular company will do well to learn more about it. The return potential on any investment decision is dependent upon many variables, and choosing the right business enterprise to trade with is one of the most critical factors in the equation. Following is a Gainsville Coins Overview which will offer investors a comprehensive view of the company’s good and bad points.

The Positive aspects

Gainesville Coins is a comparatively small business enterprise that makes a specialty of offering silver and gold coins and bars at a quite low cost. Individuals that would like to purchase gold and resell it right away for capital will quickly realize that trading with this organization may well be a good idea, particularly if one is working with the enterprise personally rather than acquiring precious metals over the internet.

Gainesville Coins also offers reasonably priced storage facilities with a very high degree of security and safety. The investors’ bullion coins and bars are stored in a segregated fashion rather than being together with others’ assets. Moreover, the storage area is 100 % insured and can also be utilized for some varieties of self-directed IRA accounts.

Gainesville Coins also offers account reports over the net and will purchase back gold and silver assets in a quick, efficient manner. Notwithstanding its comparatively small size, the business has much to offer both in the form of expert services and precious metal purchase possibilities.

The Cons

Whereas Gainesville Coins boasts an outstanding BBB rating, it is equally crucial to note that there have been 45 complaints against the company within the last few years. The majority of those are relating to product shipping and delivery, quality of product delivered, in addition to customer service.

TrustLink, a well-known review website, does not have any information on Gainesville Coins. Nevertheless, all but one Yelp reviewer have given the corporation a one-star evaluation. Traders who are unsatisfied with the company observe that that Gainesville Coins gives poor-quality support services. The business does not appear to offer an effective tool for verifying the identity of web-based clients; it has failed to offer proper shipping in some cases, and has even threatened traders with legal measures over situations which were at least in part the company’s problem.

It should additionally be observed that, as the old saying says, “You get what you pay for.” While several other businesses offer you nothing but new, first-rate bars, bullion coins and/or collectible coins, this simply cannot be said of Gainesville Coins. The buys as well as resells bars and coins which have proven to be in less than top condition; whereas the weight may be the same, it is crucial to be aware that coins and bars which have evidently not been cared for adequately can be quite difficult to resell further down the line.

A few other investors have been alarmed by Gainesville Coins’ unprofessional dynamics. The enterprise does business out of a small shop in a plaza and does not give the impression of being a reputable trading partner, especially due to the fact that a number of individuals invest tens of thousands of dollars of silver and/or gold in a single transaction. While the vault is said to have a very high degree of protection, clients are not permitted to visit, which makes it unfeasible to verify that Gainesville does provide you with the premium quality storage facility that it claims to have.

Furthermore, as was stated above, the company is a comparatively new player. It has not been in business for long, and as a result there is a very real risk that it may not remain in business long-term. Gold trading is gaining in popularity; you will discover that there is plenty of competition within this niche and many startups simply do not make it past the first or second decade of operations.

A Gainsville Coins Assessment Wrap-Up

Individuals who are interested in investing a comparatively small amount of dollars in gold and/or silver might discover that purchasing precious metal coins or bars from Gainesville Coins is not necessarily a bad possibility. The business affords lower prices than most, if not all, of its peers and individuals that do business with the company face to face report virtually no sales transactions concerns. What is more, the business can provide affordable but really protected storate areas, allowing the trader to safeguard his or her investments without needing to actually buy a pricey home safe.

Nevertheless, doing business with Gainsville via the internet is fraught with hazards. Though the business keeps a beautiful, very professional website, anyone who has utilized this website to invest in silver and/or gold report that the exchange is less-than-perfect on numerous levels. It is difficult to get a live customer service representative on the line to solve these issues; to make things worse, the company’s sales associates are usually either rude or unprepared to eliminate the problem.

Furthermore, it appears that Gainesville Coins sends purchases with USPS, which is not the most secure shipping option. Additionally, several traders affirmed that the shipped package never arrived and it was difficult to get the full refund.

Review Details

  • Not Rated
  • Not Rated
  • A+
  • 43