BGASC Review 2023
|By: Jeremy Biberdorf||Feb 08, 2023|
In a nutshell: BGASC (Buy Gold And Silver Coins) is one of the many precious metals dealers that allows customers to purchase metals online.
Offering a wide selection of products, reasonable prices, affordable shipping policies, and excellent customer service, this service seems to do everything right.
So, what’s the catch? Is there one? Find out in this BGASC review!
|Precious Metals Company||$7.99 shipping (<$200 orders)||N/A|
BGASC is best for…
Individuals who want to purchase precious metals from an online seller with a solid reputation. The service has extremely low minimum purchase requirements, a large selection of coins, sells a wide range of metals, and upholds a solid reputation amongst the precious metals community.
In addition to selling precious metals directly to the customer, BGASC also offers precious metals IRAs, which customers can set up to invest their gold and silver purchases into a tax-advantaged retirement fund.
- Free shipping over $199+
- Packages are fully insured
- Accepts multiple payment methods
- Not always quick deliveries
- Short return period
- Not available outside of the US
What is BGASC?
As the name suggests, BGASC is an online coin dealer. They sell a wide variety of coins at competitive prices, including silver coins, gold coins, and commemorative coins. However, their offerings aren’t only limited to those interested in coin collecting.
The company also sells bars of various metals in addition to its various coin offerings. Customers can head over to BGASC to purchase platinum products, silver bullion, copper bullets, and a number of different precious metals-related items from this online dealer.
Previously, BGASC had rather unforgiving shipping policies, requiring customers to spend $5,000 or more before they would qualify for free shipping (according to customer reviews). Thankfully, the company appears to have noticed that most other companies set the bar for “free shipping” much lower. They have since changed their policies to offer fair prices.
Today, qualifying for free shipping only requires one to make a purchase of $199 or more. Any orders under this minimum will incur a $7.99 shipping charge. Both options will provide you with insured shipping, so any and all orders are 100% covered until delivery. Orders valued at more than $1,000 will need to be signed for.
According to BGASC, orders usually ship the next business day. However, since the order is done via an online process, it’s important to keep your expectations realistic. If you order at 11:59 PM, you may or may not see your order ship out the “next business day”.
As mentioned, BGASC offers a wide variety of gold coins, silver coins, and collectible coins. However, they also sell bars, bullets, rounds, and even statues! If you have any precious metals that you wish to sell, BGASC may be willing to buy them back from you.
Many people decide to buy precious metals for the sole purpose of investing in their future. This is a smart strategy; unfortunately, storing precious metals at your home means your metals won’t qualify for the tax advantages offered by an IRA. Fortunately, BGASC has a solution for this.
By calling the number listed on the website, you can easily start setting up a tax-advantaged IRA using your future precious metals purchases. When it comes to these types of financial decisions, the IRS has many hoops you’ll need to jump through in order to stay compliant. The experts you’ll talk to once you call will help ensure the entire process goes smoothly.
If you already have an IRA but want to roll-over the balance, you can do that as well. Any precious metals you do purchase will be stored in a secured location, staying fully insured and protected against any unforeseen issues.
Both having a self-directed IRA (which requires a custodian) and storing your metals will incur fees. Unfortunately, the website doesn’t provide any information on these potential costs, so you will need to call to get accurate pricing.
Accepted Payment Methods
BGASC accepts eight different payment methods: Credit/debit card, PayPal, crypto, money orders, cashier’s checks, personal checks, ACH/eChecks, and bank wire transfer.
Debit/credit card and PayPal payments don’t qualify for any type of transaction discount. However, crypto orders qualify for a 3% “crypto discount.” Every other type of transaction qualified for a 4% “cash discount”.
Is BGASC Right for You?
Whether you’re interested in purchasing high-value coins, gold bars, selling precious metals, or starting a tax-advantaged IRA, Buy Gold And Silver Coins can help you accomplish your goal(s).
While there are definitely other options out there, we think BGASC is worth considering nonetheless. With a stellar reputation, fast shipping times, multiple payment methods, and quality customer support, we highly recommend BGASC for any of your coin-related needs.
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