Investing in precious metals can be a profitable way to diversify your portfolio and protect your wealth from economic volatility, however, the first step you need to take is to find a legitimate and trustworthy company that will provide you with accurate information on the market, competitive pricing, and reliable delivery of your precious metals.
In this BGASC review, we will have a deep look at this company to discover whether or not you can trust them with your hard-earned money!
BGASC.COM Quick Summary
- Name: BGASC (Buy Gold and Silver Coins)
- Website: bgasc.com
- Owner: Thomas Martin
- Rating: 3/5.0
What Is BGASC.COM?
BGASC (Buy Gold And Silver Coins) is an online retailer that specializes in buying and selling gold and silver coins.
The company was founded in 2012 by Thomas Martin and it's based in Calabasas, California.
BGASC offers a wide variety of gold and silver products from reputable mints around the world including the following:
Gold Bullion, Coins, and Bars
BGASC offers a full range of Gold Bullion, Uncirculated coins, and NGC or PCGS Certified investment coins including:
- Canadian Mint Gold
- Credit Suisse Gold
- IGR Gold
- PAMP Suisse Gold
- Rand Refinery Gold
- Valcambi Gold
They also offer US Mint Gold Coins such as:
- Gold Eagles
- Gold Buffalos
- Pre-1993 US Gold
- Gold Commemoratives
- First Spouse
Aside from this, they have Gold Rounds, Gold Jewelry, and even Foreign Gold Coins such as:
- Canadian Gold Maple Leafs
- South African Gold Krugerrands
- Australian Gold Kangaroos
- Australian Gold Philharmonics
- British Gold Coins
- Mexican Gold Pesos
- French & Swiss Gold Coins
Silver Bullion, Silver Coins, & Silver Bars
BGASC also offers a full range of Silver Bullion, Proof, and Uncirculated coins, as well as NGC or PCGS, Certified investment coins.
They sell silver bars (by weight or by brand), silver rounds (fractionals, 1 oz, and 2-5 oz), The Silver Card, Poured Silver, US Mint Silver Coins like:
- American Silver Eagles
- 90% Silver US Coins
- Silver Dollars
- 5 oz America The Beautiful
They also have Monster Boxes of Silver, Silver Building Blocks, Silver Bullets, Silver Jewelry, and Foreign Silver Coins like:
- Canadian Silver Maple Leafs
- Australian Silver Philharmonics
- British Silver Coins
- Australian Silver Kangaroos
- S. African Silver Krugerrands
- Mexican Silver Libertads
Besides the typical gold and silver coins, they also offer coins like Platinum Coins & Bars, US Mint Coins, Popular World Mints, and even Coins by Theme which include America The Beautiful, Animals, Aztec, Baseball, etc.
Storage And Supplies For Your Precious Metals
BGASC also sells storage and supplies for your coins and precious metals. They offer air-tight coin capsules, coin holders and flips, coin bars & tubes, coin bags, treasure chests, and many more.
IRA Approved Gold, Silver, & Platinum
You can also buy IRA-approved precious metals in BGASC. The minimum purchase requirement for IRAs is $30,000.
Sell Your Silver & Gold
Aside from you buying from them, you can also sell your silver & gold to BGASC. However, there's only a certain type of silver and coins that they will buy. There's also a minimum unit for each type.
BGASC Reviews & Ratings (2023 Update)
Trustpilot: 4.8/5 based on 7,764 reviews.
BBB: 4.1/5 based on 20 reviews - BGASC is BBB accredited since 2016, however, when I reviewed this company they had an A+ Rating, but when I checked now (2023) I found that they are not rated any more as you can see below:
Below are some BGASC reviews and complaints I found:
What I Like About BGASC.COM
- They have a wide selection of products & services, as well as competitive prices
BGASC has a wide selection of everything so you'll have plenty of options to choose from!
They also offer them at competitive prices.
- Fast Shipping & Insured Products while in the Transit
BGASC offers FREE SHIPPING for orders from $5000 , and once you place an order it will be shipped the following business day.
- Plenty of Payment options
They also offer a lot of payment options including Paypal/ Credit Card / Debit Card, Paper Check by Mail, or Bank Wire / Bank-to-Bank Transfer.
What I Don't Like About BGASC.COM
- A lot of requirements when paying
Since you have plenty of options when it comes to paying, BGASC requires a lot if you want to purchase through a certain method.
If you want to pay via Paper Check by Mail, you should have an online order with a minimum purchase of $1,000 to $100,000 or a phone order from $30,000 to $100,000. The check must be received in 10 business days with address verification and/or photo ID. They also require credit cards or debit cards for market loss policy.
For bank wire or bank-to-bank transfers, the range for online orders is from $3,000 to $250,000, and for phone orders, the minimum is $30,000 with no maximum purchase. The transfer must be initiated on the next business day. They also require credit cards or debit cards for market loss policy.
- You can't change your orders
Apparently, BGASC does not allow you to change your order. This is to ensure fast order processing for their customers, their system is automated, therefore making it very difficult and time-consuming to modify an order after it has been confirmed.
- There's a fee if you want to cancel your orders
BGASC incurs a $35 cancellation fee plus market loss charges if applicable.
But, you must cancel within twenty-four (24) hours or before shipment.
- Reviews Went From Positive To Negative
What I noticed while reading the BGASC customers' reviews is that most of the reviews at the end of 2022 and 2023 are negative compared to the last years, some complaints claim that they become less professional due to the change of management.
Is BGASC Scam? - Final Thoughts
BGASC is not a scam, it's a legit company that offers good products and services.
However, while BGASC may have some positive reviews from satisfied customers, there are also a lot of complaints about their service. Some customers have reported issues with delayed shipping, rude customer support, and even receiving damaged and incorrect products.
To conclude, I don't recommend BGASC because of what's mentioned above and if you want a better alternative then check out our Top recommended Precious Metals Company here.
Thank you for reading our BGASC review, and if you have any thoughts please feel free to drop a comment below!