BGASC: Is This Business a Scam?
BGASC is an acronym for Buy Gold and Silver Coins
If you are looking for an online gold and silver supplier of coins and bars you can be sure BGASCs can handle your needs.
BGASC has been in business for approximately 10 years and has been Accredited Business through the BBB since February of 2016.
BGASC prides itself on being a quality gold and silver dealer that "they" would want to purchase and trade with. They offer quick trades, fair pricing, and fast shipping on all orders.
While they are known for their larger transactions in the United States, the staff, which are not paid based on sales commissions, pride themselves in providing the best customer service in the industry.
BGASC is a full-service precious metals company that also does a little more for clients than other gold and silver businesses.
- They offer the ability to buy or sell your bullion
- They have a good relationship with custodians and depositories for your IRA transactions
- You can get Pre-1933 Gold Coins
- You can get supplies for your collecting needs
Having the ability to work with one company and get all your needs met can make the investment process in gold and silver a much more simple process.
Current Specials Offered
At times BGASC has some overstock items that are being discounted to liquidate. The products may change but here are a few they are currently offering. ** subject to change so check out their website to get more updated information.
1 oz Silver Bar G SM Golden State Mint .999 Fine Bullion Ingot
1 troy ounce, .999 pure gold coin - certified
2022 30 gram Chinese Silver Panda Coin 40th Anniversary .999 Fine 10 Yuan Brilliant Uncirculated
2022 Silver Panda
.999 fine silver bullion
Produced by China Gold Coin Inc.
$5 Indian Half Eagle Gold Coin - Jewelry Grade (Random Year)
U.S. Mint from 1908-1916
One of two circulated US coins with "recessed" designs
GBASC Has A Large Selection of Precious Metals to Choose From
When you head over to the BGASC website you will find a LARGE selection of coins and bars to choose from.
The benefit of shopping online is you have the price for the product right in front of you when you add the gold or silver to your checkout.
The coins and bars acceptable for your self-directed IRA are also marked clearly with a ✅ IRA Approved symbol, so you don't need to do any research on whether it is approved or not. BGASC has done the work for you. The convenience of prices on the website gives you the opportunity to compare prices with other precious metals companies or your local coin dealer.
Here are a few options currently being offered. Check out the website to get all the current offerings available.
Gold Coin & Bar Options
Silver Coin & Bar Options
What Other Products Does BGASC Carry
90% Silver U.S. Coins - "Junk Silver" coins
Monster Boxes of Silver - Minted Sealed Box Coins that are Uncirculated
- 1oz American Silver Eagles 500 Bullion Coins Brilliant Uncirculated (IRA Approved)
- 1oz Silver Canadian Maple Leaf .9999 Fine BU Bullion 500 Coins (IRA Approved)
- 1oz Silver Britannia .999 Fine Silver BU 500 Coins (IRA Approved)
- 1oz Silver Austrian Philharmonics 500 Bullion Coins Brilliant Uncirculated (IRA Approved)
- 1oz Australian 1oz Silver Kangaroo .9999 Fine BU Bullion (250 coins) (IRA Approved)
Pre-1933 US Mint Gold - prized coins that were never returned to be melted
- Double Eagles (Liberty 1950-1907)
- Double Eagles (Saint Gaudens 1907-1933)
- Eagles (Liberty 1838-1907)
- Eagles (Indian 1907-1933)
- Half Eagles (Liberty 1839-1908)
- Half Eagles (Indian 1908-1929)
- Quarter Eagles (Indian 1908-1929)
- Quarter Eagles (Liberty 1840-1907)
U.S. Gold Commemorative Coins - coins honoring people
Bezels, Gifts, and Jewelry - gift ideas
- Coin Box Sets
- Unique Silver
- Silver Bullets
- Coin Bezel Jewelry
- Silver Necklace Chains
- Stackable Silver Building Blocks
- Gift Bags and Boxes
What Payment Methods Does BGASC Accept?
- Paypal Payments - use your Paypal Account or CC through Paypal. Max payment allowed is $10,000
- Paper Check - Personal Checks, Business Checks, Cashiers Checks, and Money Orders are acceptable means of payment. Checks in excess of $50,000 must be a Cashier's Check from a national bank. Check must be received within 10 business days. Hold on shipping will be at minimum 7 business days once the check clears.
- Bank Wire / Bank-to-Bank Transfer Payment - Minimum order requirement is $1,000 or more for Bank Wire. Max orders $400,000. Shipping is 1-2 days after funds clear. Prices are locked in when an order is placed.
What Other Services Does BGASC Provide?
BGASC provides all your necessary buying and selling services for precious metals. But they also provide other services including IRA purchases and supplies for your coin collecting needs.
Buy Gold or Silver - large selection of offerings from coins to bars, and junk silver
Sell Gold or Silver - BGASC has a 4-step process to sell precious metals. They do not purchase all offerings they have a specific items list for gold and silver. There are also minimum units required for the transaction.
- Step 1 - take inventory of the bullion you are intending on selling
- Step 2 - call GBASC and lock in a sale
- Step 3 - ship items to GBASC
- Step 4 - get paid
IRA Programs - BGASC will handle the purchase of your IRS-approved precious metals. Your requirement is to open a self-directed IRA account, fund your IRA account, and then purchase IRA-approved products. The minimum purchase for your IRA is $30,000. If you need assistance BGASC can provide:
- Self-Directed IRA Custodians for your assistance (you can use your own custodians)
- Precious Metals Depositories
Storage & Supplies - for your convenience BGASC offers a variety of storage supplies including;
- Coin Capsules (air-tight)
- Coin Holders & Flips
- Coin & Bar Tubes
- Coin Bags (empty)
- Coin & Bar Storage Boxes
- Collector's Accessories
- Precious Metals Testers
Is BGASC a Scam?
No, BGASC or Buy Gold and Silver Coins is not a scam. They are a retail precious metal company that operates only online. They do not sell speculative gold or silver products or future investment offerings for gold or silver mining companies.
The reviews are in and BGASC is a viable business to purchase your gold and silver bullion. While all companies have issues and sometimes complaints, it appears that BGASC has a long history of good customer service and satisfied buyers.
Should you consider BGASC for your next purchase consider they have an A+ Rating by the BBB and over 4,000 reviews with Trustpilot.
We typically look at two to four different sites with reviews and information to provide our readers with a clear understanding of how others feel about companies. Here is the information we found from the BBB and Trustpilot. We looked for the company's Facebook page and found they do minimal advertising or posts. The "reviews" on Facebook go back to Trustpilot and are not Facebook reviews specifically. Therefore, we have not provided any specifics from Facebook.
Please check out the information we have provided. It is not all-inclusive and you, as the buyer, should complete your own due diligence before purchasing with any gold or silver seller online.
The Better Business Bureau has BGASC rated as an A+
They have a 3.86 out 5 rating
They have 14 Customer Reviews
0 Customer Complaints in the last 3 years
0 Complaints closed in the last 12 months
Reviews Found on BBB Website
7,429 Reviews on Trustpilot
4.8 out of 5 Stars
Reviews Found on Trustpilot Website
Pros and Cons of BGASC
Final Thoughts on BGASC
BGASC is a viable option for investors to purchase their precious metals. The company offers and does more than just sell precious metals. Having a business that will help with IRA purchases and provides the CASH or IRA investor options to purchase from.
Like other businesses we strongly suggest you do your own due diligence before making any investment purchase. We provide reasonably available information for you to help gather any and all information that will inform our readers.
With any business, you have individuals who love them and who can't find good in anything they do. You have the same with BGASC but with over 7,000 reviews on Trustpilot and a 4.8 out of 5.0 stars, there is more good than bad. In today's world, it is easy to have competitors or services writing negative reviews with no face to a name. We believe you should consider all the information and review the company before making investing choices.
If you are not comfortable with purchasing online, reach out on the phone to talk with a live person to get all your questions answered.
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Questions and Answers From BGASC Website
Yes. You can transfer funds from your existing IRA or 401(K) into your new Precious Metals IRA account and there will be no tax penalty.
Yes. It is easy to open a new Precious Metals IRA account and fund it yourself. * Restrictions apply
No. To remain in compliance with the IRS, you must open a Precious Metals IRA account with your chosen IRA custodian, and then you may buy IRA Approved gold, silver, platinum, or palladium products that will be shipped directly from BGASC to your designated Depository for secure storage.
Your prices and contractual trade are locked in when you place your order and you are issued an order confirmation number. Check out the terms and conditions page for policy details.
On many items that are available in larger quantities, we offer further discounted prices when purchased in bulk. Quantity discount prices are listed on each item page when available, however, if you are interested in a large quantity not listed on the website, feel free to contact us to inquire.
No. None of our employees are paid a commission. There are no hidden fees when shopping with BGASC.
We weigh precious metals in troy ounces. A troy ounce is 31.1034768 grams. Base metals are measured in "regular" ounces. The "regular" ounce is 28.349523125 grams. Therefore, the troy ounce is heavier than a "regular" ounce.
"Four nines gold" refers to gold with a fineness of 999.9 parts per thousand, or 99.99% pure gold. It is the purest gold available as it is practically impossible to remove every trace of alloys.