Important

Gainesville Coins ‘At a Glance’ table followed by in depth report:
Last Edited: February 03, 2017

Gainesville Coins Analysis

Websitewww.gainesvillecoins.com
Phone No.1-813-482-9300
PERFORMANCE:*
BBB (Better Business Bureau) Rating
(Scale of A+ to F)
A+
BBB Complaints5
BCA (Business Consumer Alliance) Rating
(Scale of AAA+ to F)
N/A
BCA ComplaintsN/A
Trustlink RatingN/A
GENERAL:
Gold IRAs Offered
Preferred DepositoryGainesville Storage
Preferred CustodianNew Direction IRA,
The Entrust Group,
Goldstar Trust Company
Minimum IRA Purchase AmountNot divulged
Physical IRA Application
Digital IRA ApplicationRedCross
FEES:
Set Up$25+
Admin (annually)$60+
Storage (annually)$100+
TIMESCALES:
IRA Transfer ProcessNot known
401k Rollover ProcessNot known
Delivery of MetalsNot divulged
PEACE OF MIND
US Mint
Listed Dealer
ICTA Member
TRUSTe VerifiedRedCross
Norton Secured
Special OffersNone

Background

Gainesville Coins has been in business since January 2000 and they are based in Lutz, Florida. The fact that three of the main contact people within the company share the same name (Yaffe) suggests that this is predominantly a family run business.

Gainesville claim that because of their large inventory they are able to offer wholesale prices which are more competitive than those of smaller dealers. They offer tiered pricing on many of their products which means that you can benefit from discounts if you purchase larger amounts. They have no minimum order requirements when you are either buying from them or selling to them.

The company are members of the Industry Council for Tangible Assets (ICTA), the American Numismatic Association (ANA), Coin Net and the Certified Coin Exchange (CCE). In addition they are authorized dealers for the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC).

Gainesville Coins is an authorized distributor for many major government mints across the world. These include the U.S Mint, Royal Mint (UK), the Perth Mint (Australia), Royal Australian Mint, New Zealand Mint and Monnaie de Paris (France).

The company prides itself on its high levels of customer service and the fact that as its representatives are not on commissions they all follow a sales policy of ‘zero pressure’.

They offer their own storage option to their customers: ‘Gainesville Coins storage’. For this they charge annual scaled fees. These can work out quite costly when compared with the flat fees which are offered by some of their competitors. Here’s why.

Gainesville Coins’ Website

gainesville_coins-website22.09.16You can purchase online 24/7 via Gainesville’s website, which is very much an online shop. All prices and payment methods are shown against each item. This dominates the home page. New products are added to the website on an ongoing basis and these can be viewed by clicking on the ‘New Arrivals’ link which is also on the home page.

To offer their customers maximum security when purchasing their products online their website is verified by Network Solutions and daily checks are made by McAfee Secure and Norton Secured Malware Prevention. The site uses SSL 128-bit encryption.

One very useful feature on the website is the Learning Center. This provides a wealth of information about investing in gold and other precious metals.

The Precious Metals IRA page provides information about getting started, self directed IRAs, custodians’ fees and a comprehensive Frequently Asked Questions section.

Products

The main products offered by Gainesville Coins are gold, silver, platinum, palladium and copper. The size of their inventory for all of these is impressive.

Of these products the three main types offered are bullion, numismatics and modern collectible items.

Reputation and Ratings

A+Gainesville Coins Better Business Bureau

Gainesville Coins have been accredited with the BBB since November 2006 and they have been awarded an A+ rating which on a scale ranging from A+ to F is the highest achievable.

At the time of our most recent check there had been 5 complaints closed with the BBB in the last 3 years and 1 closed in the last 12 months. Of the 5 in the last 3 years, 3 were to do with Product/Service problems, 1 was to do with Delivery issues, and 1 was to do with Billing/Collection issues. 2 customer reviews were showing, one positive and one negative.

The BBB mention that they are not aware of any government actions surrounding Gainesville Coins, nor do they have anything to report regarding Gainesville’s advertising practices.

The only other information of note provided by the BBB is that the company’s business started in January 2000 and it was incorporated in July 2006 in Florida.

Gainesville Coins Business Consumer Alliance

The company is not rated at the BCA

Gainesville Coins Trustlink

The company is not rated at Trustlink

gainesville coins yelp 03.02.17Gainesville Coins Yelp

At the time of our most recent check Gainesville had a 3 out of 5 stars rating at Yelp, based on 15 reviews. These reviews were varied and customer ratings ranged from the minimum 1 out of 5 to the maximum 5 out of 5.

Gainesville-NIAGainesville Coins National Inflation Association

Gainesville Coins has a 5-star rating at the NIA, which is the highest achieved by any precious metals dealers and in 2010 the NIA gave Gainesville their Best Bullion Award.

Gainesville Coins Company Video

Summary

Gainesville Coins is a serious player in the precious metals industry and has a good reputation. They have a large inventory to choose from and a good online shop.

They are members of or connected to several precious metals related authoritative bodies and they clearly put an emphasis on offering good customer service and on maintaining their reputation and profile.

Particularly with regards to precious metals IRAs we would prefer it if they offered flat as opposed to scaled storage fees because their comparatively higher storage costs could potentially offset their competitive prices.

Conclusion

Gainesville Coins haven’t quite made it as our Top Recommended Company but they have come close. You can judge for yourself by comparing them side by side with our top rated company here:

You can find out more about our Top Recommended company here: