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It doesn’t matter if you are a collector of rare and historical coins, buying precious metals in an IRA as an inflation-proof investment, or simply hedging against economic uncertainty. Whatever your interest, your first step is to find a trusted place to purchase your precious metals. You’ll want to be confident you’re working with a legitimate business that will treat you fairly.
Buy Gold and Silver Coins – better known as BGASC – is one of the many online precious metal retailers hoping to earn your business. BGASC is no newcomer to the precious metals market, with over a decade in the business.
But does their longevity equate to a company truly worth buying from?
While their time in business points to reliability and satisfied customers, we know tenure alone doesn’t always mean the best service. In this comprehensive review, we’ll impartially access BGASC’s current offerings and weigh up the good and the bad to give them a thumbs up or down.
Let’s get started.
Table of Contents
BGASC Overview
Established in 2012 and acquired by industry leader A-Mark/JM Bullion in 2022, they continue to run as a separate brand. Since inception, they’ve shipped over half a million orders totaling billions in physical precious metals. Impressive!
On their website, BGASC states their goal has always been to operate as the kind of precious metals dealer they would want to trade with themselves – keeping popular products in stock, shipping quickly, pricing fairly, and conducting business honestly and efficiently. Judging from the solid customer reviews we have seen online, it seems that they are keeping to their end of the bargain.
BGASC’s insurance coverage is through Lloyd’s, and they have active memberships with several major players in the collectible coin industry. BGASC is an authorized dealer with the Professional Coin Grading Service and a member of the Numismatic Guaranty Corporation and the American Numismatic Association.
Their inventory is huge, and both investors and collectors will be at home here. All budgets are catered to, and there are no order minimums, but shipping is charged at $7.99 for orders under $199; once this threshold is met, shipping is free. All orders are fully insured up to delivery. You can order by phone during business hours or online 24/7.
The latest live spot prices and charts for gold, silver, platinum, and palladium are available on their website, and if you sign up as a member, you’ll also get price alerts.
We were a little disappointed to see no detailed buying guides or resources on the BGASC website. Their blog and social media pages also appear to have been neglected for some time without new updates.
We’d assume BGASC prefers to focus entirely on its core business of precious metal retail rather than content marketing. And to their credit, the site is easy to navigate and the ordering process simple – likely sufficient for many customers.
Still, some investors new to purchasing gold and silver may find the lack of educational materials a bit limiting when compared to competitors who provide more detailed guidance.
We’d also like to have some background about the management behind BGASC. Many precious metal firms share the faces behind their brand, adding a layer of transparency and trust, but BGASC lacks any information or bios about who is responsible for the company’s operations. For a younger company, this might be a red flag, but with BGASC’s long track record, we’ll give them the benefit of the doubt.
BGASC Products and Services
As you’d expect from one of the largest bullion trading sites, all the popular precious metal products are available, including IRA-eligible gold and silver coins, bars, and rounds, and commemorative coins for the collector. You can also purchase precious metals such as platinum, palladium, and copper.
We were impressed with how easy it was to navigate the BGASC inventory. With their filtering tool, you can dial in searches by price, year, product type, weight, and other specifics rather than endlessly scrolling through pages of products to find what you want.
Gold
When we checked the site, they had over 600 gold products in stock, including gold coins, gold bars, and rounds. With competitive pricing on items such as Gold American Eagles, South African Gold Krugerrands, and Gold Canadian Maple Leafs it ticks the right boxes for us.
They also stock some gold jewelry, with popular items such as gold cufflinks and rings.
Silver
If silver is where you prefer to invest or collect, then BGASC has even more items in their catalog than gold, with over 900 products to choose from. IRA-eligible silver coins, such as American silver eagles and Canadian maple leaves, top the list for popularity, but you’ll also find bars, rounds, and even silver bullets.
Other Precious Metals
If platinum, palladium, or copper are on your radar, BGASC has a limited selection of bars and coins. It’s not often we see copper offered on precious metal sites, but these are more fun collectibles than any serious investment.
BGASC Precious Metals IRAs
For investors seeking tax-advantaged long-term holdings, BGASC offers Precious Metals IRAs for gold, silver, platinum, and palladium bullion purchases within a retirement account.
The process of opening a Self-Directed IRA with BGASC involves just a few steps.
First, you must open an account with an IRA custodian, who will ensure compliance with all IRS regulations. BGASC partners with a range of custodians to choose from, or you can opt for your own preferred provider. You’ll have to inform the custodian you intend to hold physical precious metals from BGASC within the IRA.
The next step is to fund your IRA account either via a rollover from an existing 401k or IRA or through new contributions within allowable annual limits. The custodian will confirm with BGASC the amount deposited and ready for precious metal purchases. BGASC has a minimum order of $299 for Precious Metals IRAs.
All you need to do now is contact BGASC’s customer service (by phone only) to lock in orders for the IRS-approved coins and bullion to be stored with the depository of your choice. BGASC recommends A-M Global Logistics. Though BGASC is fine for a basic IRA setup, our top recommendation would be Augusta Precious Metals. You can read our full Augusta IRA review for an in-depth analysis of why we believe they are the best gold IRA company.
Sell Precious Metals to BGASC
If you are not in the market to buy precious metals but sell them, then that’s also an option at BGASC. If you have a minimum of $1,000 of items to sell, you can give them a call and get a locked-in price. Once you have received an email confirmation, you can ship your items. You’ll be paid by check, bank wire, or ACH once one of their experts has authenticated them.
Customer Support
We contacted BGASC to test them out by phone and email. They responded in a timely manner and were friendly and knowledgeable. And it’s not just us saying that. When researching this BGASC review, we read a lot of their online reviews, and the excellent customer service was something that cropped up time and time again.
You’ll also find a reasonably comprehensive FAQ section on the site that should answer most of the basic questions.
Payment Options
BGASC has a range of payment methods that will pretty much suit anybody. It would probably be safe to say that if you can’t find a way to pay BGASC, you probably can’t find a way to pay anyone online. Options range from bank wire to crypto.
Payment methods include:
- Bank Wire
- ACH/eCheck
- Personal Check
- Cashier’s Check
- Money Orders
- Crypto
- PayPal
- Credit and Debit Card
- Apple Pay
- Google Pay
BGASC Online Reviews and Testimonials
What really matters when deciding upon a site to buy precious metals from is what real users are saying about the company. With BGASC being a long-standing business in the industry since 2012, you’d expect to find plenty of customer feedback available – and that’s certainly the case.
But it’s not the quantity of reviews but the sentiment expressed in them that matters.
The vast majority of independently verified testimonials and ratings we checked showed very positive experiences purchasing from and dealing with BGASC.
Here are examples of a few of the verified reviews we found:
“Excellent selection of products, prices, and value! Outstanding ease of buying quality products!”
“Performed 100% as advertised. Price was good. Payment processing was quick. Delivery was as expected.”
“I appreciate the selection of investment metals and coins BGASC keeps in stock, and of course, I shop by price. They have a great selection at great prices.”
These were from major consumer review sites such as Better Business Bureau and Shopper Approved.
At the time of writing this review, BGASC had a BBB rating of 4.41/5 from 34 customer reviews. Reviews in the double figures don’t tell us much, though; you need to look at a site such as Trustpilot, where BGASC has 7,750 reviews with an excellent rating of 4.8/5. Shopper Approved with 3,000+ reviews also rates them 4.8.
Pros and Cons
From our findings on BGASC, here’s a quick summary of the pros and cons we found for this precious metals dealer.
| Pros | Cons |
| + Well-established precious metals dealer of 10+ years + Thousands of positive consumer reviews and ratings + Good customer support + Offers IRA-approved products (though not a custodian) + Good selection of payment methods, including crypto. |
– Limited transparency regarding the management team – Lack of resources for new precious metal buyers – The BGASC blog and social media accounts have been neglected. |
Company Details
Company: Buy Gold and Silver Corp
Address: 6125 Luther Lane, #474 Dallas, TX 75225-6202
Phone: 888-992-4272
Email: customerservice@bgasc.com
Website: https://www.bgasc.com/
Final Thoughts – Is BGASC Legit?
So, as we finish up on our comprehensive analysis, is BGASC an online precious metals retailer we recommend? The answer is a clear yes, given their 10+ year reputable track record and overwhelmingly positive 3rd party customer reviews.
But would we choose them for our Gold IRA requirements? We certainly wouldn’t rule them out, but for some trusted alternatives, why not look at our 7 Best Gold IRA Companies first before making a decision?
Article Sources
At Gold IRA Blueprint, we dive deep into the world of gold IRAs, using trusted sources to back up our insights. Our sources range from official documents to expert interviews, ensuring our content is both accurate and reliable. We also draw on research from reputable publishers to give you the most comprehensive understanding possible. Check out our editorial policy to see how we maintain our high standards for accuracy and fairness. Also make sure to check out our Financial Review Process to have a better understanding of our process.
- https://www.trustpilot.com/review/www.bgasc.com
- https://www.shopperapproved.com/reviews/bgasc.com
- https://www.bbb.org/us/tx/dallas/profile/bullion-coin-dealers/bgasc-llc-1216-1022535
