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!
| Service Type | Fees | Promotion |
|---|---|---|
| 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
Table of Contents
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.
External BGASC Reviews & Ratings
| Site | Rating | |
| Trustpilot | 4.8 from 7,748 reviews | |
| Shopper Approved | 4.8 from 2,968 reviews |
Shipping
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”.
Offerings
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.
Benefits of Precious Metals
Investing in precious metals, such as gold and silver, has been a popular strategy for centuries. These assets have long been considered a reliable store of value and a hedge against inflation and economic uncertainty. In this section, we will explore some of the key benefits of investing in precious metals.
- Diversification: One of the primary benefits of investing in precious metals is the diversification they can provide to an investment portfolio. Precious metals, such as gold and silver, often have a low or negative correlation with traditional assets like stocks and bonds. This means that they can potentially act as a counterbalance to market fluctuations, helping to reduce overall portfolio risk.
- Inflation Hedge: Precious metals are often seen as a hedge against inflation because their value tends to rise when the purchasing power of paper currencies decreases. In times of economic uncertainty, investors often flock to gold and other precious metals to protect their wealth, driving up demand and prices.
- Store of Value: Precious metals have been used as a store of value for thousands of years, and they continue to hold their appeal in the modern world. Unlike paper currencies, which can be devalued by central banks through monetary policy, precious metals like gold have a limited supply and cannot be artificially created. This scarcity can help preserve their value over time, making them an attractive long-term investment.
- Portfolio Performance: Although precious metals can be more volatile than traditional investments in the short term, they have historically provided solid long-term returns. Adding a small allocation of precious metals to your portfolio can potentially improve overall performance, especially during periods of economic stress.
- Tangible Assets: Unlike digital assets or stocks, precious metals are tangible assets that you can hold in your hand. Many investors appreciate the physical nature of gold and silver, as it provides a sense of security and control over their investments.
- Global Acceptance: Gold and silver are universally recognized and accepted as valuable assets. This means that you can easily buy, sell, or trade precious metals in any part of the world. In times of geopolitical instability or currency crises, this global acceptance can be a significant advantage.
- Privacy and Anonymity: Investing in physical precious metals can provide a level of privacy and anonymity that is not available with many other types of investments. Buying and storing gold or silver can be done discreetly, allowing you to maintain control over your assets without the need for third-party involvement.
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”.
Customer Service and Reputation
An essential aspect of any online precious metals dealer is their customer service and overall reputation in the industry. In this section, we will explore BGASC’s customer service and the general perception of the company amongst its customers.
Customer Service
BGASC prides itself on providing excellent customer service, and they have a dedicated team that is available to answer any questions or address any concerns you may have. You can contact their customer service representatives via phone or email, and they are known to be responsive and helpful.
The company’s website also has an extensive FAQ section that provides answers to many common questions related to the purchase, sale, and storage of precious metals. This can be a helpful resource for both new and experienced customers alike.
Reputation
BGASC has built a strong reputation within the precious metals community, and they are widely regarded as a trustworthy and reliable dealer. They have been accredited by the Better Business Bureau (BBB) and hold an A+ rating, which demonstrates their commitment to customer satisfaction and ethical business practices.
In addition to their BBB rating, BGASC has received numerous positive reviews from customers across various online platforms. Many customers praise the company for its competitive pricing, fast shipping, and excellent customer service.
However, it’s important to note that no company is perfect, and some customers have reported issues with delayed deliveries and communication. While these issues seem to be the exception rather than the norm, it’s essential to be aware of potential shortcomings when choosing a precious metals dealer.
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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