Golddealer is one of the oldest websites that sells precious metals online. The domain was registered in the 1990's and has remained with the company ever since. But longevity doesn't always mean that a company is the best in the business. Has Golddealer kept up with the times? And do they offer legitimate services?
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About Golddealer
Golddealer is the URL for an online business belonging to California Numismatic Investments. If you want to purchase from California Numismatic Investments online, you do so through their Golddealer website. The site was first founded in the late 90s. In the beginning, it functioned as an educational site with up-to-date information about the precious metals markets.
California Numismatic Investments has been in operation since 1982, boasting about 40 years in the industry. Since precious metals have only been traded in the US since the 70s, this makes them one of the most long-lived operators in the business.
The business is relatively simple. They sell bullion and coins to investors through the website. It's also possible for you to sell your own precious metals items back to the company by following the steps on the website.
One note is that the site doesn't seem to have been updated in a while. It's not the easiest to navigate, especially if you're browsing on mobile or in a minimized window.
The company does have some services for people who are interested in precious metals IRAs, although they don't specialize specifically in this. Another option is to use one of their accumulation programs, which allow you to purchase valuable coins over time. You can work with one of their partnered storage facilities to keep your holdings safe and secure.
Like many of the most competitive professionals in the industry, Golddealer is part of multiple organizations. They participate in the Industry Council for Tangible Assets, the California Coin and Bullion Association, and the Professional Numismatic Guild. All of these credentials help to bolster their reputation.
About the President
The company president is a man named Richard Schwary. He earned a bachelor of science degree nearly 50 years ago, and he has been part of the precious metals industry for about 40 years. He was even involved in writing tax legislation with regards to rare coins and bullion in California.
Richard was among the first precious metals dealers who were ever licensed to trade in Minnesota. That's a big deal, since Minnesota has stringent guidelines regarding who can sell precious metals. He has worked as a consultant for reference books about rare coins, and his work has been published in multiple different papers.
Today, Richard travels around to different national shows to learn about the latest developments on precious metals in the US. He was also the president of the Professional Numismatics Guild for three years. Both the FTC and California have called upon Richard for testimony as an expert witness in cases regarding precious metals and bullion.
Richard runs the company on his own these days, after his business partner passed away in 2018. But there are multiple corporate managers with a diverse range of expertise as well.
Available Services
California Numismatic Investments offers multiple services through both the Golddealer website and their in person stores. These function in addition to the many rare coins and other precious metals products available for purchase.
Market Insight
The company is staffed by experts who know everything there is to know about precious metals investment, the economy, and the value of individual items. Some of these people have been in the precious metals industry for decades!
As such, Golddealer provides market insights to customers who ask. If you're curious about the past performance or growth potential of a particular investment, they'll have guidance. They can also point you in the direction of different precious metals depending on your overall investment goals.
They encourage you to give them a call with your questions, no matter whether you want to make a purchase or not. It does seem that their sales representatives don't use pushy tactics -- or at least, we haven't found any complaints.
Selling
Many precious metals dealers aren't willing to purchase from their customers, but that's not the case at the Golddealer website. The company states that they are eager to buy your precious metals when you're ready to liquidate. They will purchase any type of bullion or rare coin, even if it isn't certified.
One of the major benefits that you'll find on the website is that they publicly post their purchase quotes. That means that you know exactly how much you'll be paid before you even pick up the phone. They do this by using an algorithm that refreshes every minute as the market prices of different metals fluctuate.
There also doesn't seem to