BGASC is a popular precious metals dealer that gets its name from the phrase Buy Gold and Silver Coins. This is an often-used place for people to purchase gold and silver online. But does it actually offer good deals? How legitimate is the business?
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BGASC has been providing people with precious metals online since 2012. The company's PO box is based in California. They ship exclusively within the US, which means that they're not ideal for international clients. In addition, they don't sell bullion in Minnesota, since Minnesota has special requirements for licensing of precious metals dealers.
You can purchase silver, gold, and platinum through the website. Though the company's name refers to buying coins, they have a huge selection of bars available as well.
People who are saving for retirement are in luck, too. Many of the company's products are approved for use in a precious metals IRA. BGASC is also partnered with several IRA custodians. If you want to get started with a new gold IRA, they'll direct you to one of their partners to fill out the paperwork.
IRA-approved metals aren't all they sell. They also have a large selection of collectible coins, such as limited edition commemorative coins and US Mint issued gold from before 1933.
You can find information about the precious metals market through the company's Charts page, which shows you the prices of different metals in real time. When the time comes to liquidate your metals, the company has a buyback program that you can use. This makes it much easier to liquidate your holdings quickly and at a fair price.
BGASC has received several accreditations and is a member of multiple organizations. For example, the company is an authorized dealer of PCGS coins, as well as a member of the Certified Coin Exchange. The Better Business Bureau has accredited them and given them an A+ rating.
When you're determining whether a company is worth working with, one of the most important things is consumer feedback. You want to find out what customers are saying on third party review sites. The company's own website might have testimonials, but it's difficult to verify the authenticity of these.
Fortunately, BGASC has quite a bit of online feedback. Even more fortunately, the majority of it is positive. Many customers have given them 5 star reviews on Trustpilot, stating that they were given good pricing and high quality service.
Another common praise is that the company's website is simple and intuitive. It's easy to browse different product categories whether you're on mobile or a desktop. People say that they've had an easier time placing orders with this eCommerce platform than with many other online precious metals dealers.
There appears to be a dedicated customer service team that answers questions, resolves issues, and responds to feedback. Customers report having good experiences with the service team. They say that the team members are polite, respectful, and concerned about their needs. They also say that any complaints have been quickly resolved to their satisfaction.
Most worthwhile precious metals dealers will insure your items before they ship them. BGASC is no different. They make sure that the package is insured for the full value of the items inside, so you can get your money back if the items are somehow lost or stolen.
Available Products and Services
The company specializes in selling platinum, gold, and silver coins. They also have a large variety of gold and silver bars available. In addition to pure bullion purchases, the inventory includes some collectible coins that might appeal to more seasoned collectors.
When you shop for products on the website, you can choose from three categories:
The bullion bars and coins include IRA-approved precious metals like American Eagles and Canadian Maple Leafs.
The additional coins come with many different categories. You can shop for things like pre-1933 gold, error coins, pennies, nickels, dimes, quarters, half dollars, silver dollars, and commemorative coins with unique designs. Monster boxes of silver are also available to people who want to invest in a lot of silver at once.
The storage and supplies section also has a huge variety of items. You can basically purchase anything that you might need to store, gift, or display your coins. Some examples include:
If you want to test the authenticity of your precious metals, you can purchase one of the company's tester kits. There are also accessories for coin collectors like display cases, protective inspection gloves, and security decoder lenses.
Many of the company's products are approved to keep in an IRA. But with that said, they don't specialize in IRA setups. Instead, they refer you to one of their partnered custodians for the setup process. So if you're looking for a company to help you set up your account for the first time, it's best to go elsewhere.
BGASC has a simple program that makes it easy to sell and exchange your precious metals. They are also extremely transparent about how they arrive at the pricing. You can look up the exact prices that they'll offer in real time on the website, which makes it easy to determine whether you want to take the deal.
The site lists every product that they'll purchase. Then it tells you how many ounces you must be selling at a minimum, how the price is calculated, and what the current price is. In many cases, the price is only marked up $1.50 or so from the spot price. That's an extremely low markup.
In order to use the buyback services, you'll need to follow these steps:
Is BGASC a Scam?
BGASC is not a scam. Not only is the company not a scam, but it appears to have very solid policies. Customers have consistently given the company positive feedback for the way the customer service team handles the orders. The BBB gives them an A+ rating, and Trustpilot gives them 4.8 out of 5 stars based on multiple customer reviews.
It's common to find patterns of complaint with online precious metals dealers. Sometimes they have trouble with the shipping times, sending out the right products, or being transparent with customers about their fees. But BGASC doesn't appear to have any of these issues.
BGASC does appear to be a good company to invest with if you're interested in the products they sell. But it's a good idea to research any coin before you buy it. That way, you have a sense of the market price. You can also find out if another dealer is selling for a lower price.
In addition, the company might not be the best one to work with if you want to open an IRA. That's not because there's anything wrong with their practices, though. It's just that there are a few gold IRA companies that outperform them.
Pros & Cons of BGASC
BGASC is a solid, legitimate company to work with. They have a good reputation with their existing customer base, with many people praising their customer service and pricing. The business's overall policies encourage transparency and allow the sales representatives to answer questions without high-pressure tactics.
If you have an interest in the products being sold, there's nothing keeping you from working with this company.
However, for those who are interested in precious metals IRAs, we recommend working with a different dealer. BGASC's system isn't streamlined enough for you to do all the paperwork through them. Instead, they refer you to one of their partnered custodians. Some other companies make it much easier to set up and fund your IRA without needing to contact third parties.
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