Gainesville Coins Review

Gainesville Coins Review

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Gainesville Coins is a renowned and reliable precious metals dealer located in Lutz, Florida.


They provide their clients with the ability to purchase, store, or sell gold, silver, platinum, and palladium coins, as well as an extensive selection of collectible coins across 70+ countries worldwide.

Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?

That is why we have researched every company in the industry and selected the very few with the highest customer service standards.

This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.

Read the list to see if Gainesville Coins passed our strict customer service standards to become one of our top recommendations.

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Gainesville Coins Background

Gainesville Coins is a private company that offers high-quality precious metal products and services. The company has been in the coin business since 1/1/2000 and has evolved to become one of the most trusted precious metal dealers in the United States.

They specialize mainly in gold, silver, and platinum coins such as American Eagles, Canadian Maple Leafs, and Chinese Pandas.

Gainesville coins- gainesville coins background

Gainesville Coins sell most of its products at wholesale prices to its clients. They claim this is because of their large inventory and low overhead (it's an online platform with about 12 employees). They also use what is known as tiered pricing and discounts which allows them to offer the best possible prices for the items they sell.

The company prides itself on its customer service, providing fast and accurate responses to any questions its clients may have. And since its representatives are not on commission, all clients, regardless of the size of their order, receive the same level of attention and service.

The Team Behind Gainesville Coins

Gainesville Coins has a total of 12 employees on its team, which includes highly trained and experienced numismatists. These experts conduct extensive research about the coins they buy, sell, and store to ensure that their customers are getting the best possible product for their money.

Some notable names include:

  • Michael Yaffe - Founder
  • Joseph Yaffe - Co-founder
  • Mark Ngo - Director, Information Technology
  • Nathan Wills - Manager, Operations
  • Erika Henry - Storage Supervisor
  • Allan Yaffe - Software Design Engineer
  • Everett Millman - Precious Metals Specialist

Gainesville Coins Website

Gainesville Coins have a start-of-the-art website that employs the latest technology, allowing clients to have a complete buying experience with no hassle. Many people have hailed their platform as one of the most user-friendly and secure websites available.

Gainesville coins- gainesville coins website

Their platform features helpful educational articles to help customers become more knowledgeable about the precious metal markets. Customers can also sign up for their newsletter to stay updated on new product releases and promotions that they may offer in the future.

The website runs 24/7 in almost all countries, and its live chat function allows customers to get in touch with their support team at any time. They also provide customer service through email, phone, and social media platforms.

Innovation and Security

Gainesville Coins always strives to improve the buying and selling experience for its customers. To that end, they have employed the latest technologies to protect their clients' valuables from any potential threats. 

In addition, Gainesville Coins offer storage services for those who want to keep their precious metal items in a safe place.

They have over 200 cameras that watch every inch of their storage vault, as well as a biometric verification system that requires people with access to their vaults to identify themselves with their fingerprints.

Clients can also buy insurance on their products and have the option of choosing between two different protocols. The first plan covers damage or theft up to $1 million, while the other one offers coverage up to $2 million. Either way, customers are guaranteed full protection for any precious metal item they purchase from Gainesville Coins.

Gainesville Coins Products

Gold Bullion

Bullion is physical gold with at least 99.5% purity; however, most are 99.9% pure. Clients will often come across terms like "parted bullion" (extremely pure gold) and "unparted bullion" (gold with some other metals in it) when buying from the company.

Gainesville coins- gainesville-gold products

Gainesville Coins offers three major types of gold bullion, i.e., gold bars, gold coins, and pre-1933 gold coins. Gold bars are usually the most cost-effective option because they typically have a lower premium.

Gold coins, on the other hand, are preferred by collectors for their design and unique history. And pre-1933 gold coins are greatly sought after given their rarity and thus have a higher value. 

Silver Bullion

Gainesville Coins offer silver in many forms, including bars and rounds, but their selection of silver coins is where investors can find some gems. They have a wide variety of collectible coins from mints all over the world, such as American Silver Eagles, Canadian Maple Leafs, Mexican Libertads, and more.

Gainesville coins- gainesville silver products

Some of the brands that Gainesville Coins have partnered with to avail all sorts of silver to their clients include:

  • Walking Liberty Design Silver Rounds
  • Peace Dollar Design Silver Rounds
  • Masson Mint Heritage Silver Rounds
  • Morgan Dollar Design
  • Silver Buffalo Rounds

Collectibles

Clients can also find collectible coins and tokens from ancient Rome and Greece, Byzantine Empire, and Ancient Holy Land. Gainesville Coins also has a selection of collectible coins from the United States, including many Presidential Commemorative Coins and US Mint sets from various years.

Gainesville Coins Services

Gainesville Coins has a comprehensive list of services available to its customers, including buying, selling, trading, and appraising precious metals. Customers can also avail themselves of their expertise in rare coins by signing up for their consulting service.

They also offer an online tracking system through which customers can keep track of their orders as they are being shipped out or delivered. Moreover, users have the option to upgrade their shipping speed according to their needs and requirements.

If clients want to save and grow their wealth for retirement, Gainesville Coins also provides a service to set up a precious metals IRA. This option allows customers to invest in physical gold and silver, as well as other approved investments, without having to pay any taxes at the time of contribution or withdrawal.

Lastly, their website has a blog section where readers can find informative articles about history and invest in precious metals. The company has a dedicated customer service team to answer any queries, and they are available over the phone or through their website's live chat feature.

Gainesville Coins Storage

The Gainesville Coins facility is located in Lutz, Florida, and consists of offices, warehouses, and showrooms equipped with state-of-the-art security measures. Clients can store their precious metal purchases in company-owned vaults or have them delivered directly to one of their preferred storage facilities.

Gainesville coins- gainesville-storage

Interesting Facts About Gainesville Coins

Gainesville Coins is the only bullion dealer to receive a five-star rating from the National Inflation Association and has been among the top dealers listed in the Consumer Affairs reviews for several years.

Gainesville Coins is also one of the few precious metals dealers that operate on a "no minimum order policy," which makes them an excellent option for those just starting with investing in gold, silver, or other precious products.

Gainesville Coins is a member of the Professional Numismatists Guild (PNG), an organization that requires its members to adhere to a strict code of ethics. The company is regularly audited by an outside source, and they are required to pass all audits before being considered a reliable dealer.

They are also a member of the Certified Coin Exchange and Coin Net, the Industrial Council for Tangible Assets, and the American Numismatic Association.

This company has been given the impressive responsibility of providing precious metals on a global scale by multiple esteemed governments, such as The Royal Mint (UK), the US Mint, Monnaie de Paris (France), the Royal Australia Mint, and the Pert Mint (also in Australia). With such a list of clients, investors can rest assured that they are dealing with a credible, reliable company. 

Accreditation, Ratings, and Client Reviews

The Better Business Bureau accredited Gainesville Coins on 11/16/2006, and they currently have an A+ rating. The Bullion Directory also gave it an A+ rating.

What's more, there are many countless positive reviews from their customers, with most praising the company's excellent customer service, fast shipping times, and a great selection of coins and bullion products.

Gainesville coins-reviews

Why The Sudden Interest In Precious Metals?

Gold and silver have been considered valuable commodities all over the world for centuries. At some point, it was the primary form of currency, and it still has a strong presence in economies around the world. Precious metals have been popular forms of investment for many years, but with all the uncertainty in today's economy, people are turning to them as ways to protect their wealth.

The main reason behind this interest is the low risk and minimal market volatility. When stocks and bonds crash (as witnessed on several occasions), gold and silver typically remain stable or even increase in value.

Another reason is that precious metals have actual industrial use and are not just limited to investment. That means that even if the market takes a downturn, there will still be people who need gold or silver for their industrial purposes, thus boosting their demand.

Precious metal investment is also ideal for diversification and storing wealth. In fact, central banks and governments around the world have been buying large quantities of gold and silver to diversify their currency reserves.

Having exposure to precious metals is a great way to spread out risk across different asset classes, which will help mitigate losses if one sector takes a dive.

Lastly, they can be accepted in any part of the world. In retrospect, it is still a universal form of currency; it has been used since antiquity and will continue to be used for the foreseeable future.

Precious Metals IRA

Investors can also hold their bullion in a Gold IRA, which comes with several tax benefits. The IRA allows investors to buy gold and other precious metals like silver, platinum, and palladium, as well as other approved collectibles.

The ultimate goal of the IRA is to provide long-term retirement savings that are reliable and safe from economic fluctuations.

Many investors consider it an ideal investment vehicle because it offers the convenience of having physical possession of their metal while still enjoying the safety of having a government-regulated account. This type of account is held at a secure location offsite and is only accessible through a broker.

Reasons to Consider Gainesville Coins

Generally, for anything a person wants to do with precious metals or collectibles, Gainesville Coins can help. They have extensive product offerings, from gold and silver coins to bars (in various sizes) and rounds; they also carry a wide selection of collectible coins and currency.

Furthermore, if someone just wants to learn more about the industry, there are plenty of resources and articles on their website to educate them.

Some Drawbacks/Complaints

For one, the company has only 12 employees, including the founder, co-founder, IT manager, and storage supervisor. Therefore, there may be occasions when an investor may not get a quick response from them, especially in high-volume periods.

In addition, some investors have complained about the sizing of their coins and rounds being off, as well as some inconsistencies in grading that have caused them to receive less than what they expected or paid for. The company has taken steps to address these issues, but there may still be occasional discrepancies with certain products.

Conclusion

Given the company's long history in the investment industry and its wide selection of precious metals, Gainesville Coins is an excellent choice for anyone looking to start investing or diversify their current portfolio.

Despite some occasional drawbacks, they offer competitive prices, reliable customer service, and secure storage options that make them a great option for investors of all levels.

Remember to read out list of the Top Gold Companies to see if Gainesville Coins made the cut.

>> Click HERE to read our Best Precious Metals Investment Companies list <<

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