BGASC Reviews: Are They Legit? My Honest Take

Hi, welcome to my BGASC review.

I’ll be covering the various aspects of this bullion dealer today.

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You usually choose a well-known company when you buy gold and silver online. If an advertisement seems too good to be true, it most likely is. However, among gold and silver professionals, even well-known organizations may have a bad reputation overall. What then are you meant to do?

Massive gold dealer BGASC ships to consumers all throughout the United States. Though they have thousands of good reviews, are their services the best? I’ve dissected the company’s offerings into what you should know.

There are many aspects of this company.

In this review, I’ve gone over all of them including their reviews, products, complaints and more.

About BGASC:

BGASC is a dealer in gold and silver with a huge inventory, extensive network of contacts, and well-established standing among other industry experts. They are far bigger now than they were when they initially started. They do discuss a lot about company policies, but there isn’t much information on their management available online.

There are many major bullion dealers in the industry.

However, few compare to BGASC when it comes to sheer volume.

Customer service was the main focus when BGASC was founded, claims the corporate website. Create a business that the real owners would want to deal with was the aim. That includes maintaining pricing fair and balanced, operating with a high degree of honesty and ethics, having rapid shipping times with acceptable policies, and having product on hand instead of back-ordered.

Within the industry itself, BGASC also possesses a number of outstanding credentials. They hold an A+ with the Better Business Bureau, are a member of the NGC Collector’s Society, a PCGS dealer recognized, a member of the recognized Coin Exchange, and an authorized bulk buyer of US Mint non-bullion products.

Packages leaving the firm are all fully insured. Moreover, customer service is a top priority for the staff. The business is adaptable enough to seek answers if a customer’s needs alter, but they strive to meet them the first time.

The company has delivered more than 500,000 orders. The product processed is valued at billions of dollars. BGASC completely owns their inventory, not selling anything that are owned by other wholesalers. They are debt-free as well.

People who wish to make substantial gold and silver purchases frequently choose this organization. Still, you are free to order anything. There is no minimum order amount, hence a lot of clients are merely purchasing a few coins.

BGASC Products:

While I have mentioned several times by now that BGASC is a large company.

But how large are they really?

They have one of the biggest product catalogs to offer.

BGASC (Buy Gold and Silver Coins) offers a wide range of precious metal products for consumers looking to invest. Here are the categories and some examples of the products available:

Gold Products

Gold Coins

• American Gold Eagles: Official gold bullion coin of the United States.
• Canadian Gold Maple Leafs: Known for high purity and detailed design.
• American Gold Buffalos: Made of 24-karat gold.
• Australian Gold Kangaroos: Featuring annually changing designs.
• Austrian Gold Philharmonics: Popular in Europe for their intricate design.
• British Gold Britannias: Featuring the iconic image of Britannia.
• South African Krugerrands: One of the first modern gold bullion coins.

Available Gold Bars and Rounds

• Various sizes and weights from NYMEX or COMEX-approved refineries.

Silver Products

Available Silver Coins

• American Silver Eagles: Most popular silver bullion coin in the world.
• Canadian Silver Maple Leafs: First .9999 pure silver bullion coin.
• Australian Silver Kookaburras: Known for their changing designs.
• Austrian Silver Philharmonics: High silver content with beautiful design.
• British Silver Britannias: Featuring Britannia and the reigning monarch.
• Mexican Silver Libertads: Iconic designs and high purity.

Available Silver Bars and Rounds

• Available in various sizes and shapes from different mints.

Specialty Silver Items

• 5 oz Silver Bullets: Modeled after a 12-Gauge shotgun shell.
• 90% Silver US Coins: Circulation coins from 1836 to 1964.

Platinum and Palladium Products

Available Platinum Bars and Coins

• American Platinum Eagles
• Canadian Platinum Maple Leafs

Available Palladium Bars and Coins

• Canadian Palladium Maple Leafs

Additional Products

Copper Products

• Copper Rounds and Bars: Available in various weights.

Foreign Silver Coins

• Chinese Silver Pandas
• African Silver Coins
• St. Helena Silver Coins

BGASC is known for its competitive pricing, transparent pricing model, and a wide range of products, ensuring that customers can find what they need for their investment portfolios. They also provide detailed product information and an intuitive online shopping experience.

BGASC Fees and Pricing:

Unfortunately, there isn’t much information available on BGASC fees. Although the company offers a precious metals IRA, there isn’t any information on their IRA-related fees.

However, Looking over various things on the website is simple when you want to make a cash transaction. Also, their vast inventory covers numismatic rarities, limited edition collectibles, circulation coins, junk silver, foreign currencies, and investment bullion.

Your shipment is free of charge if you spend at least $250 (cash, not retirement money).

You can sort the product price ranges while you browse the page. This makes looking at the most expensive or the least expensive investment pieces simple. Also, as the spot price of gold and silver fluctuates in real-time, so will the prices of other products.

Paying via a check, bank transfer, credit card, or debit card is all possible. Because they must clear with the bank first, checks must be mailed and take some time to process. Making a card or wire transfer payment is the fastest way.

There are easily navigable categories among the merchandise as well. Look for pure bullion, gold, silver, non-IRA items, collectibles, different coins, and even coin storage items.

A selection of the most recent BGASC offers are displayed on the Featured Products and Best Sellers pages. Especially when determining whether to invest in a particular collectible, the Best Sellers page can help you determine which products are the most popular.

So, although you won’t much information about their fees on their website, you can find the prices easily. Moreover, browsing their large selection of products is quite simple.

Best Gold IRA Companies I’ve Worked With Yet (In 2024)

If you’re seriously looking to invest in precious metals or open a gold IRA, these are the companies I believe you should go with. My experiences with all 3 of them have been excellent.

Augusta Precious Metals (Best for Investments Over $50,000)

Augusta Precious Metals ranks as the #1 gold IRA company in the US. And that’s for good reason.

They have some of the best product catalogs with gold, silver, platinum, and palladium products to offer. But the main highlight is their dedicated web conference and the added focus on client education.

Augusta has an A+ rating on BBB, 1000+ client testimonials, and has been awarded “Most Transparent Company” in 2023 by Investopedia.

No other company puts as much focus on educating their clients about the different aspects of gold IRAs as they do.

My own experience with them was amazing to say the least.

However, their minimum investment requirement is $50,000 which limits the number of people who can open a gold IRA with them. Still, if you have the budget, you shouldn’t look elsewhere.

Goldencrest Metals (Best for Gold Investments)

Run by an actual financial advisor, Goldencrest Metals is another reliable name in the gold IRA industry.

Although they seem new, the team behind the company has been in the finance sector for decades. You would be surprised to see the level of expertise and knowledge these guys have.

My interaction with them was eye-opening. I learned a lot about precious metals through Goldencrest Metals.

That’s why they are my 2nd best suggestion for those interested in gold IRAs.

Preserve Gold (Best Customer Support)

Preserve Gold is a well-established name in the precious metals industry now.

I have talked to several of their clients and all of them praise their excellent support staff. The level of attentiveness and care I noticed there was surprising.

Preserve Gold is one of the few companies that, I can say with confidence, are 100% client-focused.

You’d love to talk to them if you’re new to precious metals investing.

Does BGASC Offer Gold IRAs?

Yes, you can open a precious metals IRA with BGASC.

Below are the typical steps you would need to follow for opening a gold IRA:

1. Choose a Self-Directed IRA Custodian

A self-directed IRA custodian is necessary for managing your Gold IRA because they handle the administrative tasks and ensure compliance with IRS regulations. Look for a custodian experienced in precious metals and check their fees and reputation.

You’ll need to consult the staff at BGASC to find out which custodians they partner with.

2. Open Your New IRA Account

Once you’ve chosen a custodian, you’ll need to open a new IRA account. This involves filling out the necessary paperwork, which typically includes providing personal information, choosing beneficiaries, and selecting the type of IRA (Traditional or Roth).

However, the staff at BGASC will assist you with paperwork. The paperwork of an IRA can be a little challenging, which is why I suggest going with a company that specializes in gold IRAs.

3. Fund Your Account

You can fund your new IRA through various methods:

• Transfer: Move funds directly from an existing IRA to your new Gold IRA.
• Rollover: Transfer funds from a 401(k) or other retirement account into your new IRA. This must be completed within 60 days to avoid taxes and penalties.
• Contribution: Make a new contribution to your IRA using personal funds, adhering to annual contribution limits set by the IRS.

It’s worth noting that in the case of BGASC, you’ll need to invest at least $30,000. This is certainly higher than some gold IRA companies.

4. Choose Your Precious Metals

Select the specific gold and other precious metals you want to include in your IRA. The IRS has strict requirements for the types of metals that are eligible:

• Gold: Must be 99.5% pure.
• Silver: Must be 99.9% pure.
• Platinum and Palladium: Must be 99.95% pure.

Common eligible products include American Gold Eagles, Canadian Gold Maple Leafs, and various bullion bars and rounds from approved mints.

As I pointed out before, the product catalog of BGASC is quite vast. So, you’ll easily find most of the IRA-eligible metals here.

5. Purchase the Metals

Your custodian will work with an approved precious metals dealer to purchase the metals you have selected. Make sure to choose a reputable dealer with competitive prices.

6. Arrange for Storage

The IRS requires that precious metals in an IRA be stored in an approved depository. Your custodian will help you arrange for secure storage in a facility that meets IRS standards. This ensures that your investment is safe and complies with regulatory requirements. Some gold IRA companies partner with multiple storage firms.

7. Monitor Your Investment

Once your Gold IRA is set up and funded, it’s important to monitor your investment regularly. Work with your custodian to review your account statements and stay informed about market conditions that could impact the value of your precious metals.

8. Manage Distributions

When you reach retirement age, you can start taking distributions from your Gold IRA. These can be in the form of physical metals or as cash, depending on your preference and the custodian’s policies. Be mindful of Required Minimum Distributions (RMDs) if you have a Traditional IRA, as failing to take these can result in penalties.

Following these steps will help ensure that your Gold IRA is set up correctly and managed effectively, allowing you to benefit from the stability and potential growth of investing in precious metals.

BGASC Reviews and Complaints:

In my experience of reviewing gold IRA companies, I have realized that their customer reviews are a must-read.

Without reading a company’s reviews, you cannot accurately determine its reliability.

That’s why, I researched BGASC reviews and found thousands of people praising the company. While there were a few company against the company as well, the sheer volume of positive reviews outweighed them.

Below is an overview of their ratings on different consumer platforms:

Ratings of BGASC

Trustpilot
BGASC (Buy Gold and Silver Coins) has a strong presence on Trustpilot, where they hold an impressive rating of 4.8 out of 5 stars. This high rating reflects a significant number of positive customer reviews, highlighting their reliable service, competitive pricing, and user-friendly website.

Better Business Bureau (BBB)
BGASC is accredited by the BBB and has an A+ rating. This accreditation indicates that the company meets high standards of business ethics and customer service. Additionally, the BBB profile for BGASC shows minimal customer complaints, which further underscores their commitment to customer satisfaction.

Business Consumer Alliance (BCA)
BGASC has an AAA rating from the Business Consumer Alliance (BCA). This top rating indicates that the company is reliable and addresses consumer complaints effectively, maintaining a high level of customer satisfaction.

Trustlink
On Trustlink, BGASC maintains a perfect 5-star rating. Customers on this platform often praise the company for its excellent customer service, transparent pricing, and the quality of its precious metals products.

These ratings across multiple platforms suggest that BGASC is a reputable and trustworthy company for purchasing precious metals, offering a positive experience to its customers.

Some Examples of BGASC Reviews and Complaints:

Here are some examples of BGASC reviews on the web.

In the above review, the reviewer shares that they wanted to have gold in their safe in case of a SHTF scenario or the implementation of CBDC.

As a first-time buyer of precious metals online, or anywhere for that matter, they felt cautious about entrusting a company with no prior history to withdraw thousands of dollars from their checking account.

Later, the user made the decision to do business with BGASC.com after conducting extensive research and reading reviews on Trustpilot for various gold sales websites.

The user expressed their admiration, stating that they were impressed. Moreover, the reviewer found the ordering process to be very simple. When something was added to their cart, there was a 10 minute price lock, allowing them to make adjustments if the price changed.

Also, the reviewer praises BGASC’s communication as well.

They were informed that there would be a hold on their ACH for a few days and that they would receive a confirmation e-mail when it cleared. It happened as expected. Another e-mail arrived when their package was shipped. The package was sent via USPS in a discreet box that was labeled as “samples”.

You’ll find plenty of similar BGASC reviews online.

Here’s another example:

In the above review, the customer praises their prices and product quality. They share that they have been a happy customer of BGASC for more than 3 years. Also, the reviewer points out that you might find better prices here than other places.

Regarding BGASC complaints, I didn’t find many.

However, as they have received more than 8000 reviews across different platforms, it’s natural for some of them to be negative.

Here’s one example of a BGASC complaint:

Still, it’s worth noting that the number of BGASC complaint is extremely low. Most of the reviews on the company are positive and praise their support.

Conclusion

Evidently, BGASC enjoys a high customer satisfaction rating. With almost 87% giving their products a five-star rating, most consumers seem pleased with their purchases. Eleven percent more give four stars. Negative comments have been hardly ever received, and the business takes swift action to address those that do.

Sure, they offer some IRA services. In my research, I found that they concentrate on far more than just being an IRA provider, though. Customers aren’t investing all that much because most of them are doing one or two coin currency transactions. Reviews are mostly written by those who were merely purchasing a few collectible coins.

This is why, should you open an IRA, I advise dealing with one of the more specialized competitors. Although BGASC offers completely adequate services, there are other businesses that concentrate more strictly on IRAs. They therefore have bigger staffs of experts who can assist with your particular problems.

I recommend browsing other options here.

Alternatively, let me know your thoughts in the comment section below. What do you think of BGASC? Do you trust them? Are they legit?