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Gainesville Coins is an online precious wholesaler with its headquarters in Lutz, Florida.
The company which was started in 2000 has emerged as a preferred gold bullion dealer in Florida and across the country.
The company has a huge selection of ancient coins for its customers. This means that you can have a diversified investment portfolio with Gainesville Coins.
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Company Background
Gainesville Coins started operating in January 2000 and is headquartered in Lutz, Florida. It appears that the company is largely run by people of the same family given that the three contact names are similar.
According to Gainesville Coins, they have managed to sell most of their products at wholesale prices because of their large inventory. These prices are much fairer compared to those offered by smaller dealers.
They use what’s commonly known as tiered pricing for most products meaning that you can easily benefit from discounts if you buy larger amounts. There is a minimum order requirement for anyone buying or selling to them.
Gainesville Coins is a member of the American Numismatic Association (ANA), Industrial Council for Tangible Assets (ICTA), the Certified Coin Exchange (CCE0 and Coin Net.
The company is also a government-authorized distributor for several Mints across the globe. These include Royal Mint (UK), U.S. Mint, Royal Australia Mint, Monnaie de Paris (France), and the Pert Mint (Australia).
Why Choose Gainsville Coins?
There are many reasons why you should choose Gainesville Coins as your investment partner. Below are some of these reasons:
Any person would like to invest in a company where they get maximum rewards. If you are looking for a company where you can buy assets at a fair price, then Gainesville Coins is the best choice.
The company offers most of its products at wholesale prices. This is because the company claims to have a large inventory of products across different categories.
Gainesville Coins has an extensive stock inventory that allows you to choose different types of products based on their budget and personal preferences.
There are three types of products namely; bullion products, Numismatic coins, and modern collectibles.
Transparency is an important factor when it comes to investing. The company has some of the most transparent policies in the industry. Their main objective is to offer customers superior customer services and maximize their earnings.
Custodians and Storage
One of the major concerns of people investing in precious metals is how they will be stored and their safety. Gainesville Coins offers storage solutions for all its customers.
This means that you won’t have to worry about the safety of your precious metals at any given time. The company can also make deliveries or liquidate them at you’re your request.
Gainesville Coins employs a fully segregated storage system. This means that the assets of different customers are pooled together. You will get exactly what you stored in the vault at the time of delivery.
If you would want to sell your assets, they will immediately be liquidated for that purpose. The funds can either be mailed to you as a check, sent via wire transfer, or held in your account of choice for future purchases.
Besides, all assets stored in the vault are insured. Storage fees are usually billed quarterly. There is a minimum storage fee of $15 per month.
Gainesville Coins Products
Gainesville Coins offers a wide variety of gold and silver products to its customers across the country.
They include the following:
Gold Bullion
There are three major types of gold bullion offered by the company. They include:
Gold bars:
The conventional way of buying gold bullion is in 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:
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 sliver bars and silver rounds from trusted brands including the following:
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.
Precious Metals IRA
You will have the option to choose between a Roth IRA and a Traditional IRA for precious metal IRA. Traditional IRAs are usually funded before tax funds and can only be subjected to taxation when withdrawing.
On the other hand, Roth IRAs are funded with after-tax funds. This means they won’t be taxed when you are withdrawing the funds. You can choose to have both types of IRAs.
However, it is important to seek advice from a professional before you make the final decision. Gainesville Coins has a lot of experience in the storage of both traditional and Roth IRAs.
You should take your time to explore the benefits and downsides of each custodian and storage to make an informed decision.
Best Ways to Buy Gold
There are three ways to invest in gold. Each of these methods has its advantages and disadvantages.
Gold bars are considered the most cost-effective way of buying gold. They are usually traded across the world in major hubs like Hong Kong and London.
Bars are classified as bullion because they are approximately 99.5 percent gold or more. Physical gold can be in many forms but it is usually a tangible asset that you can hold.
Governments today issue gold bullion coins mainly for investment purposes. Just like gold bars, bullion coins are made of investment-grade gold. They are a preferred way of buying gold for an individual retirement account.
Some of the most popular modern gold coins include Canadian gold maple leaf, American eagle, Chinese gold panda among others.
Most semi-numismatic or antique gold coins are those dating before 1933. They were once used as legal tenders.
Numismatic coins are those that carry collectible appeal simply because of their age and limitation in terms of numbers.
Gainesville Coins Reviews
Gainesville Coins is a renowned precious metals dealer with its headquarters in Lutz, Florida. The company boasts of a large inventory of different gold and silver assets. It also claims that it offers some of the best prices for its products in the market.
This is attributed to the large inventory they have and the fact that they sell them at wholesale prices. However, some customers complain that the company often lists most of the products as “out of stock”.
Reasons to Hold Gold
Gold has intrinsic value
It is divisible
Gold is durable
Scarcity
Portfolio Tracker
With the Gainesville Coins portfolio tracker, you can easily track the performance of your precious metal holdings.
The free service allows you to track how the precious metal you have invested in has performed throughout history.
Pros and Cons Gainesville Coins
Just like any other investment firm, Gainesville Coins has its own merits and demerits. It is up to you to look at both the pros and cons and make an informed decision.
Pros
Cons
Summary
Gainesville Coins is a significant operator in the precious metals sector. It has been in business for more than two decades with a good reputation.
The company has a large inventory that customers can choose from.
Gainesville Coins is an adequate company, but we do not recommend them. They are not a scam, but they aren't the best choice for gold investments and certainly not IRA's, like other companies we have written about on this website.
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