New York Gold Co Review

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Precious metals investments are a terrific way to generate wealth and save money for retirement. Many investors are turning to precious metals to diversify their investment portfolios. Precious metals aren't impacted by how much the US dollar is worth and hedge against inflation.

For this reason, investors increase the value of their precious metals investments more often than stocks or bonds. However, investing in several options creates a safer investment portfolio and may offer some residual earnings opportunities.

When investors decide to buy precious metals, they must find a gold company to buy from and get high-quality products. Reviewing New York Gold Company helps determine if it is the best gold dealer for the investor.

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 New York Gold Company passed our strict customer service standards to become one of our top recommendations.


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New York Gold Company Review - website

Company History and Rating

New York Gold Company opened its doors in 1993 in Jackson Heights, New York. The Better Business Bureau doesn't accredit the company but has an A+ rating. They offer in-person, phone, and online precious metals purchases. The company provides IRA-approved precious metals for starting an IRA to save for retirement and generate wealth.

What Do They Sell?

Their gold products include the Australian Lunar Rabbit, American Eagle, 50 Peso Mexico, American Buffalo, Austrian Philharmonic, South African Krugerrand, Australian Kangaroo, Australian Swan, Canadian Maple Leaf, British Britannia, and Chinese Panda.

Their silver products include American Eagle, Australian Kangaroo, Korean Koala, Canadian Maple Leaf, Australian Philharmonic, British Britannia, and True Patriot. The company also offers platinum bars and palladium bars, and coins.

Buying Precious Metals from New York Gold Co.

To buy precious metals through New York Gold Company, investors call a customer service representative to set up the precious metals purchase, visit the website, or come to their physical location.

Most precious metals prices appear on their website to simplify purchases, and customers can complete online purchases using a credit card. As of 2023, New York Gold Company accepts credit cards, bank wire, PayPal, eCheck, and personal checks.

New York Gold Co Review - Buying Precious Metals

Customers can add everything to an online shopping cart and complete the transaction online or call their order in and complete the purchase via phone. Local customers can come to the Jackson Heights location and view the precious metals in person.

Once New York Gold Company receives the payment, they ship the precious metals to the customers in discreet packaging. All shipments are insured, and customers can get an insurance claim if the shipment is lost, stolen, or damaged during transport.

If the client isn't satisfied with their precious metals purchases, they can contact the company to set up a refund or complete return shipping. However, if they buy precious metals as part of an IRA, the metals cannot be shipped to their home, and the client must set up an account with a depository and have the metals shipped to the depository after the transaction.

Selling Precious Metals

Investors who want to sell the precious metals must call New York Gold Company to set up a buyback or gold purchase. The company purchases gold coins, bullion, and bars from clients. If the seller has an existing New York Gold Company account, the customer service representatives can access it and review the precious metals they've purchased.

To sell precious metals, the client must request a kit and package the precious metals according to the instructions in the kit. The kit offers discreet shipping and a shipping label for the metals.

The investor ships the metals to the location on the new label, and when the company receives the shipment, it is expected for quality. A list of all precious metals in the package must be added to the package for inspection.

Once they receive the package and the items pass inspection, New York Gold Company presents the client with an offer via email or phone. The seller can accept or refuse the offer.

New York Gold Company ships the package back to them if they refuse, but the investor must pay for return shipping. The company pays according to the client's preferences if they accept the offer. Typically, they send a wire transfer or a check to the customer.

The Company Blog

New York Gold Company's blog on its website offers a wealth of information about investing in precious metals. First-time investors can find details and vital information about which metals are best suited for IRAs and which offer increased income later. The company updates the blog frequently to provide the latest details about precious metals; visitors can read through their articles anytime.

How Long Do Customers Have to Pay for Their Orders?

According to New York Gold Company's policies, customers have up to five days to complete any orders they've set up with the company. They can refuse the payment or cancel the order if they don't receive it within the deadline. The customer may become subject to market loss penalties if they receive a price lock for the metals.

What Payment Methods Are Accepted?

According to New York Gold Company's policies, customers have up to five days to complete any orders they've set up with the company. They can refuse the payment or cancel the order if they don't receive it within the deadline. The customer may become subject to market loss penalties if they receive a price lock for the metals.

As of 2023, New York Gold Company accepts all major credit cards, bank wires, PayPal, eChecks, and personal checks. While they don't have any specific information about large order amounts, customers may wish to contact the company if they want to place orders that exceed $10,000, as they may face limitations or restrictions on which payment method to use.

The company does accept debit cards but prefers that customers use credit cards or wire transfers instead, as debit cards could present some security issues.

What Shipping Options Are Available?

New York Gold Company uses USPS and UPS to ship orders, offering a flat rate of $20 for each customer shipment.

Shipping Orders After Payment

There aren't any specifics about how long it takes for the company to ship orders after they receive payment confirmation. According to their shipping information, getting a package could take as many as ten days. Customers will need to call them to get an estimate for delivery. However, they may offer tracking information once the package has left the company's location.

The company doesn't provide international shipping. So, if a customer's custodian purchased precious metals for an IRA, New York Gold Company would send the metals to the custodian, who would have to manage all requirements beyond that.

New York Gold Company doesn't offer gold IRAs; they just sell IRA-approved metals and cannot coordinate shipments or purchases for any purpose outside of buying or selling them.

What Happens If the Package is Lost

New York Gold Company tracks all shipments and provides insurance coverage. If the package doesn't arrive at its destination within seven days, clients should call New York Gold Company to locate the package. First, they contact the shipping carrier to file documents for a lost parcel.

If they recover the package and it has been tampered with or damaged, the company files an insurance claim. However, there are steps that the customer must complete, and they should call the company to get details about these steps as they are not listed on the website.

Can Customers Get Discounts on Large Quantities?

Yes, New York Gold Company offers discounts on large-quantity orders. However, there aren't any details about how much discount customers could get on their precious metals purchases. It's best to call them and ask about discounts and sale prices for specific products.

Since the prices appear on the website, customers can compare daily prices to determine when items are sold at a lower price. While they don't have a "Deals" tab, customers will need to review each section of metals based on their type and determine if there is a sale on items they want to buy.

With online sales options, customers can set up a user account and have the opportunity to set up notifications or alerts when items they want undergo price reductions.

Does New York Gold Company Report Transactions to the IRS?

Generally, New York Gold Company doesn't report all transactions to the IRS. However, any purchase that is over $10,000 requires Form 8300. The company must complete the form anytime they receive a direct payment of at least $10,000. Failure to report these transactions could lead to penalties for the company. According to IRS regulations, they must also report who they received the payment from.

Since New York Gold Company cannot provide financial advisory for customers, clients who sell their precious metals to the company should check IRS regulations when selling their metals. For example, if the client's sale generates $10,000 or more, they may fall under these reporting requirements.

The only way to know is to contact the IRS and request Form 8300. New York Gold Company isn't required to report buybacks or purchases they pay for through these opportunities.

The Company’s Return Policy

To return precious metals, the customer must start the process within seven days of the purchase. They must contact the company via their returns department at the email listed on their website. Customers must add all order details to the email so the customer representatives can find their information.

After receiving approval or authorization for the return, the customer packages their metals according to the instructions they receive from the customer service representative. All shipping charges are non-refundable so that the customer won’t receive these fees in their refund. They must also pay for return shipping to New York Gold Company.

All metals undergo an inspection after the company receives them, and if they don’t meet the company’s expectations, they will deduct fees for damage or value losses. There is also a 5% restocking fee that New York Gold Company deducts from the refund.


New York Gold Company is a legitimate gold seller and buyer; investors can find high-quality precious metals at reasonable prices. They have IRA-approved gold available for starting a self-directed IRA, and the company ships precious metals to most states in the US.

The company has been in business for many years yet doesn't have BBB accreditation, but they have an A+ rating. While it seems worthwhile, investors should research and compare the prices with other companies before purchasing.

Remember to read out list of the Top Gold Companies to see if New York Gold Company made the cut.

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

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