Want to diversify and safeguard your retirement with precious metals such as gold, silver or platinum? If so, you need a reputable precious metals firm to purchase you metals from. BGASC (Acronym for Buy Gold and Silver Coins) is one of those companies. In this review, we explore customer reviews, ratings and other factors to find out whether they are legit or scam. Let’ find out!
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Table of Contents
- 1 What Is BGASC?
- 2 BGASC Products
- 3 Company Info
- 4 Location:
- 5 Address:
- 6 Year Founded:
- 7 Managers:
- 8 Website:
- 9 Overall Rating:
- 10 Is It a Reputable Company or Scam?
- 11 Advantages of Choosing BGASC
- 12 Wide Selection of Products
- 13 Excellent BBB Rating
- 14 Free and Fast shipping
- 15 Great Customer Support
- 16 Buy-Back Option
- 17 Disadvantages of Choosing BGASC
- 18 High Minimum Purchase Amount for IRAs
- 19 Not a custodian
- 20 Customer Complaints
- 21 Insufficient Reviews
- 22 BGASC Customer Reviews
- 23 Should You Consider BGASC for Your Gold IRA Rollover?
- 24 Conclusion
What Is BGASC?
Located in Calabasas, California, BGASC is a precious metals firm founded in 2012 by three avid coin collectors. Thus, the company was mainly created for numismatists, though they have recently diversified into other products and services as well.
One Unique feature of BGASC is that they offer free shipping for orders above $5000. However, they require a minimum investment of $30, 000 for precious metals IRAs. They ship throughout the US except the state of Minnesota.
Pay attention: Before we go any further with this review!
We always recommend conducting due diligence before settling on a precious metals company to invest in. with so many clients getting ripped off with the so called hidden fees, you need to research meticulously before purchasing metals or opening a precious metals IRA. We understand that picking the right company is the most important financial decision for you, and thus, we’ve compiled a list of our 3 best precious metals IRA companies for 2022.
Or get our free Gold investing kit from our top recommended firm on this page
BGASC stands for Buy Gold and Silver Coins. As the name implies, the company mainly sells coins and bars. The firm sells gold and silver bullion as well as numismatic coins. You can choose to order coins or bars for delivery to your doorstep or invest them in an IRA. As for IRA rollovers, you will have to find your own custodian to store your metals since BGASC does not offer storage.
P.O. Box 9119
Calabasas, CA 91372
Is It a Reputable Company or Scam?
The company has been in business since 2012. They’ve gained popularity due to fair business practices and integrity. Besides, they boast great customer reviews and an A+ rating on the Better Business Bureau. Thus, BGASC is a reputable, legit precious metals company and not a scam.
Advantages of Choosing BGASC
Wide Selection of Products
As we’ve noted, BGASC stocks huge volumes of both bullion and collectibles. They boast a massive product catalog, making them one of the largest precious metals companies in the US.
Excellent BBB Rating
They have an A+ rating with the Better Business Bureau. This is the highest possible rating which is awarded by the organization. It just goes to show that BGASC is doing the right thing.
Free and Fast shipping
They offer free shipping for orders exceeding $5000. BGASC also claim to offer fast shipping where orders normally ship next business day.
Great Customer Support
BGASC has a phone number on their website that you can use to contact support. They also have an email address and a contact form for easy communication with customers.
The firm has a buy-back program in place to enable you sell your metals back to them in case of an emergency.
Disadvantages of Choosing BGASC
High Minimum Purchase Amount for IRAs
Their minimum purchase amount for precious metals IRAs is $30, 000. This might be too high for you if you are on a tight budget.
Not a custodian
If you are transferring or rolling over your IRA to precious metals, you will have to find your own custodian for safekeeping. This will add you extra work of finding a reliable custodian.
We found 3 complaints accusing BGASC of poor quality products as well as extremely exorbitant fees for bulk orders. Below is a comment from one of the customers on reddit.
The company lacks sufficient reviews on Trustlink, BCA and several other online review platforms despite being in the industry for almost a decade, which is quite strange.
BGASC Customer Reviews
BGASC has an A+ rating with the Better Business Bureau and only 11 customer reviews on the platform. 3 rip off reports have been filed against them within the last 3 years on the Ripoff Report. Also, they boast a 5 out of 5 stars rating on Trustpilot from a total of 6,022 customer reviews.
Surprisingly, the company has no reviews on popular review sites such as Trustlink, Business Consumer Alliance, Yelp, Google Plus and many others.
Should You Consider BGASC for Your Gold IRA Rollover?
As we’ve seen, BGASC is a reputable company having been in business for quite some time. Moreover, they have an excellent rating on the BBB. But since they do not partner with a custodian for safe-keeping of your IRA metals, we are forced to not recommend them for your precious metals IRA rollover. We recommend a firm that partners with reliable custodians to save you the headache of finding one by yourself. Our top recommended Precious Metals Company is Goldco. Click the link below to learn more about them now.
We’ve come to the end of our BGASC review. We hope that you found this review helpful and will help you make a wise investment decision. If you have previous experience with this company, or if you’d like to pen down your opinion, we welcome you to do so in the comments section below. Thank you for reading!