Last Updated on February 11, 2023 by George
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Gainesville Coins is a Lutz, Florida-based online retailer of precious metals.
Since its founding in 2000, the business has established itself as a trusted source of gold bullion in Florida and around the nation.
Customers can pick from the vast selection of the company’s vintage coins. Gainesville Coins can help you diversify your investment portfolio.
Before getting started with this review:
They know how challenging it is to choose a business where you can invest your hard-earned money. To give you as much information as we can to enable you to make the best decision, they present educational and helpful information.
Gainesville Coins started operating last January 2000, and Lutz, Florida, serves as the company’s headquarters. The resemblance of the three contact names shows that family members primarily run the company.
Gainesville Coins asserts that they have been able to sell most of their products for wholesale prices due to their vast inventory. These prices are a lot more reasonable than what lesser dealers are asking.
They frequently employ what is known as tiered pricing, which gives you access to simple reductions if you buy larger quantities. Everyone who sells or purchases from them must meet a minimum order requirement.
Gainesville Coins is a part of the American Numismatic Association, Coin Net, Certified Coin Exchange, Industrial Council for Tangible Assets, and the Certified Coin Exchange (ANA).
The company serves as a distributor for several government-approved mints around the globe. These include the Royal Australia Mint, U.S. Mint, Pert Mint, Monnaie de Paris (France), and Royal UK Mint (Australia).
Why Choose Gainsville Coins?
Gainesville Coins operated on January 2000, and Lutz, Florida, serves as the company’s headquarters.
The resemblance of the three contact names shows that family members primarily run the company.
- Competitive Buy Prices
Gainesville Coins asserts that they have been able to sell most of their products for wholesale prices due to their vast inventory. These prices are a lot more reasonable than what lesser dealers are asking.
- Large Inventory
They frequently employ what is known as tiered pricing, which gives you access to simple reductions if you buy larger quantities. Everyone who sells or purchases from them must meet a minimum order requirement.
- Trusted Dealer
Gainesville Coins is one of the members of the American Numismatic Association, Coin Net, Certified Coin Exchange, Industrial Council for Tangible Assets, and the Certified Coin Exchange (ANA).
The company serves as a distributor for several government-approved mints around the globe. These include the Royal Australia Mint, U.S. Mint, Pert Mint, Monnaie de Paris (France), and Royal UK Mint (Australia).
Custodians and Storage
One of the main worries of those who invest in precious metals is how they will be stored and secured, and Gainesville Coins provides all of its clients with storage options.
As a result, you won’t ever need to be concerned about the security of your precious metals. At your option, the business can also make deliveries or liquidate them.
Gainesville Coins uses a segregated approach for storing coins, indicating that many clients’ assets are gathered together. You will receive what you kept in the vault at delivery.
Your assets will be destroyed immediately for sale if you want to do so. You can have the money sent to you, mailed as a check, or kept in your preferred account for use in the future.
Additionally, the vault’s contents are all insured. Usually, storage fees are levied every three months, and there is a $15 monthly minimum storage price.
Gainesville Coins Products
Customers throughout the country can purchase a vast selection of gold and silver products from Gainesville Coins.
The following is a list of them:
Gold Bullion
The organization offers three different forms of gold bullion in huge quantities. They comprise:
Gold Bars:
Coins are the standard format for purchasing gold bullion. The usage of bars as money is prohibited, and their worth depends on how much gold is contained within them (AGW). Gainesville Coins makes it much simpler to purchase gold bars online.
Gold Coins:
The safest method of purchasing gold is frequently thought to be gold coins. The government that issued the coins will stand behind them in good faith and on its credit.
Pre-1933 gold coins:
Before 1933, the majority of gold coins were produced by several nations. Franklin D. Roosevelt banned private gold ownership in the U.S. in 1933.
Silver Bullion Coins
For a variety of reasons, people typically buy silver rounds. You can choose to purchase them for aesthetic purposes or to keep them and resell them at a better price in the future. The company offers silver bars and rounds from reputable manufacturers, such as the following:
Silver Buffalo Rounds with a Mercury Dime Design
- Morgan Dollar Architecture
- Silver rounds made by Masson Mint in the past
- Silver rounds in the shape of a peace dollar
- Walkabout Liberty Silver Rounds
Shipping Costs
A large number of retailers will advertise free delivery deals. In actuality, however, most dealers factor the alleged cost of free shipment into the premiums and prices for precious metals.
At Gainesville Coins, we provide a straightforward method of estimating your shipping costs before placing an order.
All you have to do is put everything you want to buy in your shopping cart and enter your shipping information into the shipping calculator.
Precious Metals IRA
For a precious metal IRA, you can select a Roth IRA or a Traditional IRA. Traditional IRAs are typically funded using after-tax money and are only taxed upon withdrawal.
Since Roth IRAs are funded using after-tax money, there won’t be any taxes owed when you remove the funds. Both IRA types are available to you.
Before making a choice, it is crucial to obtain competent counsel. Gainesville Coins has extensive knowledge of both regular and Roth IRA storage.
To make an informed choice, it would be beneficial if you took the time to investigate the advantages and disadvantages of each custodian and storage option.
Best Ways to Buy Gold
Three techniques exist for buying gold. Each of these tactics has benefits and drawbacks.
Real gold bar form
The most economical way to purchase gold is through gold bars traded worldwide at significant hubs like Hong Kong and London.
Because bars contain at least 99.5 percent gold, they are considered bullion. Although physical gold can take many forms, it is often a thing you can hold.
Modern gold bars and bullion coins
Today’s governments issue gold bullion coins primarily for financial interests. Bullion coins are investment-grade gold, just like gold bars, and they are the most popular method of purchasing gold for an IRA.
The Canadian gold maple leaf, American eagle, and Chinese gold panda are a few of the most well-known modern gold coins.
Decorative gold coins
The majority of semi-numismatic or vintage gold coins were produced before 1933. They had previously served as legal tender.
Gainesville Coins Reviews
The main office of renowned precious metals trader Gainesville Coins is in Lutz, Florida. The business boasts a sizable collection of various gold and silver assets. Additionally, it asserts that it has some of the finest pricing on the market for its goods.
They sell them at wholesale pricing and have a vast inventory responsible for this. Some clients, however, report that the business frequently lists most products as “out of stock.”
Reasons to Hold Gold
The inherent value of gold
- It is well known that gold may protect an investment portfolio from unforeseen economic crises, which is why many favor gold investments.
It is divisible
- Gold can be divided into smaller bits and traded for more miniature goods.
Gold is durable
- Natural calamities can’t destroy gold bullion and won’t lose value over time.
Scarcity
- Contrary to fiat currencies, the supply of gold cannot be increased by simply pushing a keyboard button.
Portfolio Tracker
You can track the performance of your precious metal holdings with the Gainesville Coins portfolio tracker.
You can monitor the historical performance of the precious metal you have purchased with the free app.
Pros and Cons Gainesville Coins
Gainesville Coins, like any other investment company, has advantages and disadvantages. It would help to weigh the advantages and disadvantages to choose a wise option.
Pros 
- Gainesville Coins has a vast selection of gold, silver, and platinum products.
- Gainesville Coins is a fantastic companion if you are a collector. The business sells a variety of historic coins.
- Gainesville Coins is well-known for its gold, silver, and platinum IRA-eligible coins.
Cons 
- The company doesn’t currently sell items containing palladium.
- Most of the products are frequently marked as “out of stock” by the company.
- In some cases, clients lament the excessive commission charges.
Final Thought – Gainesville Coins Review: Is This A Good Precious Metals Dealer?
A key player in the precious metals industry is Gainesville Coins. It has a solid reputation and has been in operation for more than 20 years.
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