BGASC Review

By Doug Young

Market Research Summary
Website	www.bgasc.com
Phone No.	1-888-992-4272
PERFORMANCE:
BBB (Better Business Bureau) Rating (Scale of A+ to F)	A+
BBB Complaints	2
BCA (Business Consumer Alliance) Rating (Scale of AAA to F)	N/A
BCA Complaints	N/A
Trustlink Rating	N/A
RETIREMENT FUNDS:
Gold IRAs Offered (US)
Crypto IRAs Offered (US)
Gold RRSPs Offered (Canada)
GENERAL:
Preferred Depository	Brinks Global
Preferred Custodian	GoldStar Trust Company
Minimum IRA Purchase Amount	$1
Physical IRA Application
Digital IRA Application
FEES:
Set Up	$0
Admin (annually)	$0
Storage (annually)	Not known
TIMESCALES:
IRA Transfer Process	Not known
401k Rollover Process	Not known
Delivery of Metals	Shipped within 24 hours of payment
PEACE OF MIND
US Mint Listed Dealer
ICTA Member
TRUSTe Verified
Norton Secured
Special Offers	Rare coins available
Comments	Specialist numismatic company

A Heads Up before getting deep into this review:

Having evaluated a great number of Gold IRA providers over the past decade or so I am well positioned and committed to helping you understand options that will empower your decision-making process.

I've meticulously conducted a comparative market analysis of the top gold IRA investing companies to help you select one that aligns with your personal circumstances and financial goals. My in-depth research and findings provide knowledge to help you make an informed choice.

Explore my detailed evaluations and comparisons of the five top performing Gold IRA Companies in by clicking here.

Or save time and go straight to my review of Augusta Precious Metals, the gold IRA provider that achieved the highest scoring in my evaluations.

Expert Review

With so many gold dealers to be found these days online riding the trend of the current popularity of gold and other precious metals as investment vehicles, it’s important that you do adequate research before trusting any one of them with your hard earned income. In that respect I am dedicated to sharing my research and vast experience in the precious metals field to benefit others.

Background

BGASC stands for Buy Gold And Silver Coins. Above all this company specialises in the business of numismatic (collectible) coins. Although they have only been in existence for a relatively short time, since 2012 in fact, the people behind this precious metals trader have been in the coins business as numismatists for much longer. During my extensive research into BGASC it became very apparent to me that they have a lot of interest and experience in their specialist field.

They sell bullion, coins, bars, junk silver, numismatic collections, and they also carry a unique selection of Hobo nickels and carved coins.

Reputation

In an industry where some unscrupulous companies are intent on taking advantage of vulnerable, inexperienced people who are keen to both invest retirement savings in precious metals and to add precious metals to their investment portfolios, consumers need to know the good from the bad. In my opinion which is based on considerable experience and extensive research, BGASC’s performance and reputation show that they are among the good guys.

BGASC are insured by Lloyds and are members of ANA (American Numismatic Association), PCGS (Professional Coin Grading Service), CCE (Certified Coin Exchange) and NGC (Numismatic Guaranty Corporation). In addition, they are a Bulk Purchaser of non-bullion coins from the United States Mint. I consider all of those to be relevant and important credentials.

Ratings

An important part of my research into BGASC’s reputation involved me thoroughly investigating them at some of the main independent consumer advocacy sites. I am sharing with you below my findings there:

Disclaimer: The information below is based on my most recent checks on the consumer advocacy sites mentioned. I have merely reported what I found and am unable to verify the accuracy of the information presented.

Trustpilot

At Trustpilot, an independent review site, BGASC have a 4.8 out of 5 Rating based on over 7000 reviews. Around 87% of the reviewers gave the company 5 out of 5 stars and around 9% gave them 4 out of 5 stars.

I consider that very impressive when you consider that Trustpilot make a point of stating on their site that they are committed to fighting fabricated reviews and that it is not possible for a company to remove, edit or censor customer reviews.

BBB – Better Business Bureau

BGASC LLC became an Accredited BBB Business in February 2023 and has been awarded an A+ Rating, on a scale of A+ to F.

At the time of our most recent check there were 4 customer reviews posted there, with an average rating of 3 out of 5 Stars. There had been 2 complaints closed in the last 3 years and 2 in the last 3 months.

The BBB report that they know of no government actions having been taken against BGASC and that they have nothing to report regarding the company’s advertising practices. The only other mention of note is that the company has eight employees.

Business Consumer Alliance and Trustlink

Two other principal sources for information consumers often look to for unbiased reports about precious metals companies are Trustlink and the Business Consumer Alliance (BCA). When I checked at these two sites I could see that that BGASC is not included on either of them.

It is a fact though that no one has ever written to complain about this company to the BCA or Trustlink.

Precious Metals IRAs

When I spoke to one of BGASC’s Customer Service representatives I was informed that it was only fairly recently that BGASC added precious metals IRAs to the services that they offer to their customers. On their website I could see that they have since dedicated a page to this, and there they provide information including the type of precious metals that are eligible, the 3 Step process for setting up your precious metals IRA with them, their preferred Self-Directed IRA Custodians and Precious Metals Depositories, and a list of relevant Frequently Asked Questions.

They made a point of telling me that they do not make a charge for this service. That surprised me somewhat because of all the gold IRA companies that I have evaluated over many years I have never seen one who charges for any of this.

What Can You Buy at BGASC?

As the name implies, you can buy gold and silver coins. They also carry bars, rolls or coins, and storage supplies. Products come from the United States and Canada, as well as other countries regularly associated with coin collecting. BGASC brings in the latest commemorative coins to share with their clients.

My understanding is that Coin traders use this site to exchange products including collectible Morgan Silver and Silver Peace Dollars.

Products Available

The list here includes: South African Krugerrands, Austrian Gold Philharmonic coins, 2009 Ultra High Relieve Gold Double Eagle coins, and items from France, Switzerland, and Spain. At the time of reviewing this site I found a 1932 Yugoslavian Dukat was listed as well as a Spanish 1556-1598 Gold Cayon. There are many commemorative coins and error coins available.

Error coins have been stamped with flaws, each one unique and barely noticeable in some cases. I found that navigating this site carefully will reveal to you many unique products.

Hobo Nickels and Artistry in Metal

These latter items are realistically not for sale: BGASC has placed a price tag on each coin which is so high that one would have to be a particularly wealthy, serious and ardent collector to buy these exquisite items carved by modern artists. Visitors really should view them on a large screen so as to examine their intricacies and capture the attention to detail in their designs.

BGASC openly admit that they do not wish to part company with such beautiful items and therefore they have priced them out of the reach of the vast majority of investors. While they clearly love them too much to sell these one-of-a-kind coins for anything less than a small fortune, the owners also wish for everyone to have a chance to see them. For me, this goes a long way towards understanding the company philosophy: coins are worth more than money: they can be priceless art.

Junk Silver

Why would you want junk silver?

Some consumers believe the low price is worthwhile because these bulky bags of coinage will still have value should paper money become useless. Junk silver is an affordable investment for everyday people. Its actual value in the future is rather vague and something perhaps you have to decide for yourself based on independent research.

Shop By Price

I liked the unique inclusion of a ‘Supplies’ section which enables the company to offer another shopping category: by price. When you buy precious metals, this is not usually a method you use to select products. Here though you can approach the site with an amount of money that you wish to invest and look at different metals to find out how much your money will buy today. The minimum amount is $1,000. How much you spend depends on the quantity of coins or bars you purchase and their daily price.

Company Video

Possible Areas For Improvement

There are collectible coins from Spain, France, and Yugoslavia available from BGASC. These do not appear on every investment website. Is this because BGASC got to them first? Or does this simply demonstrate a difference in the viewpoint of various companies? Maybe some firms avoid these coins for reasons of uncertain re-sale value?

Those are question I would have liked to have seen answered on their website.

I consider that whatever their reason for listing products at BGASC, some form of knowledge center section on their website would be a useful addition. This company clearly has a passion for collecting and I thought it would be a big benefit to visitors if they were to share more of their obviously very intensive knowledge with less informed and inexperienced investors.

VISIT BGASC  >>

Conclusion

BGASC are specialists in the business of collectible coins. Their supply section confirms this, including museum grade flips, tubes, monster boxes, money bags, and coin holders. The person who shops here could be an investor, but they might also be the sort of individual with a display case at home protecting several unique and costly items from around the world.

Their company profile is more of a series of personal stories about how the three founders came to be interested in numismatics and eventually opened their own business. The picture they paint demonstrates their passion and shows that their company is more than just a money making venture.

It’s evident that the company has a solid reputation and many satisfied customers.

Notwithstanding, I would always recommend, whether it be to friends, clients or colleagues, that you use this review for educational guidance only, conduct your own research, and come to your own conclusions and decision as to whether BGASC aligns with your own unique circumstances, values and financial goals.

What I am sharing with you here are my detailed market research findings coupled with my personal experience. My intent has been to help you, in the mode of a business consultant, to understand options available.

MEET THE RESEARCHER

Doug Young Financial Markets Researcher & Former Financial Director

• Over 20 years of experience in financial markets
• More than 15 years specializing in Gold IRAs
• Extensive expertise in precious metals trading
• Former Financial Director at World Freight Services Ltd for 16 years.
• Author of 500+ published financial research articles over 10 years
• Conducted 80+ Gold IRA company evaluations since 2011

Doug’s extensive industry knowledge and thorough research approach ensure that all information is accurate, reliable, and presented with the highest level of professionalism. This commitment allows you to make well-informed investment decisions with confidence and peace of mind.

See full bio

Related:
Augusta Precious Metals vs BGASC

 

⚠️ IMPORTANT: All content on this website is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial advisor before making investment decisions.