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Precious metals are a must-have for most investors' portfolios. They serve as a hedge against market volatility and keep their value over time. Not only do precious metals let investors diversify their portfolios, but they can provide long-term growth.
You have likely seen that many online companies offer precious metals and precious metal IRAs for sale. You owe it to yourself to choose a reputable dealer. This review will evaluate the Great American Coin Company (GACC).
Is it trustworthy? What are the pros and cons of purchasing coins and precious metals from this dealer? We aim to create a nonbiased review that lets you decide where to buy your precious metals.
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 Great American Coin Company passed our strict customer service standards to become one of our top recommendations.
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What Is the Great American Coin Company?
The Great American Coin Company has been around for about two decades. It has established itself as a trusted supplier of bullion products, rare coins, and other collectibles. They market themselves as having a professional service, competitive prices, and the ability to help customers build their coin collections.
Founded in 2006 by Gary Dyner, the Great American Coin Company is based in Los Angeles. As a family-owned business, they are constantly growing the types of products they offer.
GACC has an integrity-based approach to buying and selling precious metals. To this end, they use certified appraisers who ensure all coins' authenticity, quality, and grade before purchasing or selling them to their clients.
This ensures that customers get quality products. A nice feature that GAC offers is an online ordering system. This allows customers to securely and quickly make transactions.
Unlike some precious metal brokers who require customers to make upfront purchases into the tens of thousands of dollars to get started, GACC offers their customers financing options. Anyone can get into precious metals with a reasonable down payment.
As an authorized PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Company) dealer, the Great American Coin Company can provide competitive prices on their products. This lowers the entry barrier for some looking to invest in precious metals.
What They Offer
The Great American Coin Company has several coins and currency products for sale. Regarding gold coins, they offer the gold American Eagle, Australian Perth Mint, China gold coins, and a host of other options.
They offer gold bars and rounds starting at less than one gram and up to one ounce. When it comes to silver, they have a wide range of options, including Silver Eagles, Silver Eagle rolls, 90% silver half dollars, Canadian Silver Maples, Peace dollars, and more.
Their product offering includes Platinum Eagle Pure Brilliant Uncirculated, Fine Platinum One Grain Bar, Great Britain Platinum Britannia, and more. They also offer banknotes ranging from Zimbabwe banknotes to Hawaiian federal reserve notes.
Reasons to Invest in Precious Metals
The Great American Coin Company offers a variety of ways for people to invest in precious metals. Investing in precious metals makes it possible for people to diversify their portfolios and serves as a hedge against market volatility.
Since precious metals retain value over time, they are an excellent option for long-term investors. Factors that affect precious metal investments include liquidity, quality, and price. Liquidity describes how quickly you can sell a gold coin or bar and get cash for them.
The quality of the coin or bar determines its value when it is sold. Price is important because it influences how much you will recoup from your investment.
Although there are several options for investing in precious metals, gold is by far the most heavily invested in. It can be purchased in various types, ranging from rare collectible coins to two bullion coins with a face value. Silver, platinum, and palladium are other viable precious metal investment options.
The Benefits of Investing in Precious Metals
Gold, silver, palladium, and other precious metals are tangible assets that are not devalued, like paper currency. Paper currency can be printed, drastically diminishing its value. Gold has stood the test of time and has proven to be a reliable store of value.
When there is economic uncertainty, the price of gold usually rises. An attractive aspect of precious metal investing is that it is relatively straightforward. What you buy is what you get. This is only sometimes true with other investments, such as bonds and stocks.
Although purchasing gold is pretty straightforward, the factors that influence the value of gold are very complicated. One of the significant influencers is simple supply and demand. However, a host of macroeconomic conditions, including inflation and interest rates, cause the value of precious metals to fluctuate.
Since gold is commonly viewed as a haven asset, investors run to it during economic uncertainty. Other factors that influence the value of gold are industrial applications and the popularity of gold jewelry at any given time.
The vast majority of gold purchases and gold demand stem from jewelry. Industrial applications, for example, used in modern electronics and state-of-the-art medical equipment, consume a smaller quantity of gold.
The more investors understand the economics of gold, the easier it is for them to make intelligent decisions about investing in this or other precious metals.
Things to Consider Before Exchanging Gold
Gold is tested based on three factors. These include the number of carats, their weight, and their design, in the case of gold ornaments. The number of carats tells you how pure the gold is.
Pure gold is often mixed with other materials, making it stronger and increasing its shelf life. Gold can either be 18, 22, or 24 carats. Twenty-four carats represent gold in its purest form.
It is good to monitor gold rates in the days leading up to the purchase or sale of gold. The goal is to sell gold on the days when rates are high and purchase gold on the days when rates are lower.
As with all investing, buying and selling gold is not without risk. Therefore, it is beneficial for investors to do research and understand the types of available products and their relative rewards and risks.
All investors should consider their investment goals and tolerance when deciding how much to invest. It is beneficial to only use reputable dealers to ensure fair pricing and authentic gold products.
Investors are recommended to stay informed on global market conditions that could impact the price of gold. Finally, it is recommended that investors consult with financial advisors and other professionals if they have doubts or questions about investing in gold.
Is the Great American Coin Company Trustworthy?
We encourage all investors to do their due diligence before considering any investment. The Great American Coin Company has been in business for multiple decades and has a positive reputation in the industry.
Still, it is beneficial for investors to research the company by looking at positive and negative reviews from past customers. We recommend that investors pay special attention to the terms and conditions of financing options that companies like the Great American Coin Company offer before deciding to invest with them.
In our review, we have seen no evidence that the Great American Coin Company is fraudulent. It is a legitimate dealer of precious metals with a history of satisfied customers. GACC is a member of the American Numismatic Association (ANA).
This helps to ensure that customers get quality coins that meet the standards set by the ANA. It also indicates that GACC will handle investments ethically and professionally.
Since the Great American Coin Company is an authorized reseller of PMG (Paper Money Grading) and NGC products, they are forced to adhere to the strict standards laid out by these organizations. With multiple payment options, including credit cards and PayPal, customers can feel confident in their purchases.
Pros & Cons
The Great American Coin Company has a positive reputation and has done business for 20 years. They offer a variety of precious metals, including gold, silver, and platinum. Their staff is knowledgeable and is ready to help customers with their investments.
All investments carry risk. Investors should perform research before investing in gold or precious metals. However, if the investing process is done using a reputable, knowledgeable company, it can be successful.
While we believe other precious metal dealers offer better services than the Great American Coin Company, we also think it is a decent place to start if you want quality precious metal products.
Remember to read out list of the Top Gold Companies to see if Great American Coin Company made the cut.
Or, if you like what you read about Great American Coin Company, you can visit their website below.