Gainesville Coins Review 2023: Scam Risk or Good Dealer?

Gainesville Coins is an online wholesaler based in sunny Florida. Established in the year 2000, this company has grown to be a popular choice for buying gold bullion in Florida and even beyond.

Protect Your Wealth & Get Huge Tax Savings!

Gainesville Coins: Your Gateway to Affordable Precious Metals

Gainesville Coins, established in January 2000, calls the sunny shores of Lutz, Florida, its home.

Gainesville Coins takes pride in offering most of its products at wholesale prices. Thanks to their extensive inventory, they can provide fairer deals compared to smaller dealers.

When you shop with Gainesville Coins, you’ll find tiered pricing on most products. Well, it’s an open invitation to enjoy discounts when you buy larger quantities. Keep in mind, though, there’s a minimum order requirement for those looking to buy or sell with them.

Proud Memberships

Gainesville Coins is part of some pretty prestigious clubs in the world of precious metals. They’re proud members of the American Numismatic Association (ANA), Industrial Council for Tangible Assets (ICTA), Certified Coin Exchange (CCE), and Coin Net. These affiliations show how dedicated they are to maintaining high industry standards.

Not content with just being a local favorite, Gainesville Coins has earned its stripes as a government-authorized distributor for various mints around the world. These include big names like the Royal Mint (UK), the U.S. Mint, the Royal Australian Mint, Monnaie de Paris (France), and the Perth Mint (Australia). So, when it comes to global reach, they’ve got it covered.

Why Choose Gainesville Coins for Your Precious Metal Investments

Gainesville Coins is like a bright star in the world of precious metals. They’ve got plenty of good reasons why you should choose them for your investments.

1. Competitive Buy Prices:

When you’re looking to invest, getting the most bang for your buck is key. At Gainesville Coins, they understand this well. They offer assets at prices that are not just reasonable but downright competitive. You can count on them for fair deals.

2. Wholesale Prices:

One of the reasons Gainesville Coins can offer such great prices is their vast inventory. This abundance allows them to pass on wholesale prices to you, their valued customer.

3. A Wealth of Choices:

Diversity is the name of the game when it comes to investments. Gainesville Coins doesn’t disappoint. They have a big selection that’s good for all budgets and what you like.

4. Trusted and Transparent:

In the world of investments, trust and transparency are non-negotiable. Gainesville Coins shines in this department. They are known for their clear and honest policies. When you choose Gainesville Coins, you’re choosing a partner you can rely on.

Secure Precious Metals Storage and Hassle-Free Liquidation with Gainesville Coins

Gainesville Coins addresses these concerns with comprehensive solutions designed to give investors peace of mind.

Secure and Segregated Storage:

One of the foremost worries for precious metal investors is the safety and security of their assets. Gainesville Coins understands this concern and offers top-tier storage solutions for all its customers. With Gainesville Coins, you can rest easy, knowing that your precious metals are in safe hands.

Gainesville Coins employs a fully segregated storage system. This means that each customer’s assets are kept separate, ensuring that you receive precisely what you stored in the vault at the time of delivery or liquidation. Your investments won’t be mixed up with other people’s, which keeps things clear and safe.

Liquidation Made Easy:

Whether you’re looking to sell some or all of your precious metal assets, Gainesville Coins simplifies the liquidation process. They offer prompt and hassle-free liquidation services at your request.

Once you decide to sell, your assets will be swiftly liquidated to facilitate the transaction. You can opt to receive a check in the mail, have the funds sent via a wire transfer, or keep them in your account for future purchases. At Gainesville Coins, you’re in charge of your financial choices but with their guidance.

Comprehensive Insurance and Storage Fees:

Gainesville Coins takes the security of your investments seriously. All assets stored in their vaults are fully insured, adding an extra layer of protection. In the unlikely event of any mishap, your investments are safeguarded.

When it comes to storage fees, Gainesville Coins keeps it transparent and straightforward. Fees are typically billed quarterly, and they start at a minimum of just $15 per month.

With Gainesville Coins, your precious metal investments are not only secure but also easily accessible and ready for liquidation when you need them. So, with security, flexibility, and transparency, Gainesville Coins becomes a trustworthy partner for your precious metal investment journey.

Diverse Gold and Silver Selections at Gainesville Coins

Let’s talk about the gold options Gainesville Coins has for you.

1. Gold Bars:

First up, we have gold bars. These are a classic choice for investing in gold bullion. While they cannot be used as legal tender, their value is determined solely by their actual gold weight (AGW).

2. Gold Coins:

Gold coins are often considered one of the safest ways to invest in gold. These coins are fully backed in faith and credit by the government that issued them.

3. Pre-1933 Gold Coins:

Many gold coins in circulation today were minted by various countries around the world before 1933. However, it’s essential to note that private gold ownership was prohibited in the United States in 1933 by President Franklin Roosevelt.

Silver Bullion Coins: A World of Choices

1. Mercury Dime Design Silver Rounds:

These rounds pay homage to the iconic Mercury Dime design and offer both the beauty of artistic expression and the potential for future value appreciation.

2. Silver Buffalo Rounds:

Inspired by the beloved Buffalo Nickel, these silver rounds combine nostalgia with investment potential.

3. Morgan Dollar Design:

Featuring the classic Morgan Dollar design, these rounds capture the essence of American coinage history.

4. Masson Mint Heritage Silver Rounds:

These rounds offer a touch of elegance and can be a unique addition to your silver bullion collection.

5. Peace Dollar Design Silver Rounds:

The Peace Dollar design rounds are reminiscent of a time when peace and prosperity were celebrated in American coinage.

6. Walking Liberty Design Silver Rounds:

Elegance meets investment potential in these rounds, featuring the iconic Walking Liberty design.

Whether you’re looking for traditional gold bars, government-backed gold coins, or beautifully designed silver rounds, Gainesville Coins has you covered.

Transparent Shipping Costs at Gainesville Coins

At Gainesville Coins, they believe in straightforward pricing, and that includes shipping costs. Unlike some dealers who might hide shipping expenses in the overall price, they provide you with a simple and transparent way to determine your shipping fees before making a purchase.

Calculating Your Shipping Costs: A Hassle-Free Process

At Gainesville Coins, they want to ensure that you have a clear understanding of what you’re paying for. That’s why they’ve made it incredibly easy to calculate your shipping costs before you finalize your order.

1. Add Items to Your Shopping Cart:

Start by adding all the precious metals and products you wish to purchase to your shopping cart. Whether you’re eyeing gold bars, silver coins, or any other precious metal item, simply select them and place them in your cart.

2. Access the Shipping Calculator:

Once your items are in the shopping cart, it’s time to determine your shipping costs. In our user-friendly interface, you’ll find a convenient shipping calculator.

3. Get Your Shipping Quote:

After entering your shipping code, the calculator will provide you with a clear and concise shipping date and quote. This quote shows how much it costs to have your precious metals delivered to your door.

4. Make an Informed Decision:

Armed with your shipping quote, you can now make an informed decision about your purchase. There are no hidden fees or surprises here. You’ll know exactly how much you’ll be paying for shipping, giving you the confidence to proceed with your order.

Roth IRA vs. Traditional IRA for Precious Metals: Making the Right Choice

When you want to invest in precious metals through an Individual Retirement Account (IRA), you have two main choices: a Roth IRA or a Traditional IRA. They each come with their pros and cons.

Traditional IRA: Tax Benefits and Considerations

Pre-Tax Contributions: Traditional IRAs are typically funded with pre-tax dollars, which means the money you contribute reduces your taxable income for the year. This can help you pay less in taxes right now, which is a good thing.

Tax-Deferred Growth: With a Traditional IRA, your investments can grow tax-deferred until you make withdrawals during retirement. This can allow your investments to potentially grow faster over time, as you won’t be paying taxes on gains each year.

Taxable Withdrawals: When you withdraw funds from a Traditional IRA during retirement, those withdrawals are subject to income tax. Keep in mind that the tax rate at retirement may be different from your current rate.

Roth IRA: Tax Benefits and Considerations

After-Tax Contributions: Roth IRAs are funded with after-tax dollars, so your contributions don’t provide immediate tax benefits. However, this also means your contributions won’t be taxed when you withdraw them in retirement.

Tax-Free Growth: Like Traditional IRAs, Roth IRAs offer tax-free growth on your investments. This means that any gains your investments make over time can be withdrawn tax-free during retirement.

Tax-Free Withdrawals: One of the significant advantages of a Roth IRA is that qualified withdrawals in retirement are entirely tax-free. This can give you helpful tax benefits when you need the money.

Combining Both Types of IRAs: A Strategic Approach

The decision to have both types of IRAs should be made carefully, considering your unique financial situation and goals.

Gainesville Coins: Customers Reviews

Their competitiveness is attributed to two key factors: their large inventory and a commitment to selling at wholesale prices. This means that customers have the opportunity to acquire precious metals at rates that are often more favorable than those offered by smaller dealers.

Customer Concerns:

While Gainesville Coins has garnered a positive reputation, it’s worth mentioning that some customers have expressed concerns.

Gainesville Coins is a well-known precious metals dealer with a big selection of products. People generally like them because they offer good prices. However, some folks have had trouble finding the products they want in stock.

As with any investment, conducting thorough research and considering customer feedback is advisable before making investment decisions.

Gainesville Coins: Pros and Cons for Precious Metals Investors

Gainesville Coins is a company known in the precious metals business. Some folks like them, and some have complaints.


Diverse Precious Metals Catalog: Gainesville Coins has lots of precious metals for you to pick from, like platinum, silver, and gold.

Wide Selection of Ancient Coins: Collectors take note! Gainesville Coins is a fantastic partner for those interested in ancient coins. When you called customer service rep, they will give you a list of precious metals IRA that you can choose from.

3. IRA-Eligible Coins: For investors looking to include precious metals in their Retirement Accounts (IRAs), Gainesville Coins offers a selection of gold, silver, and platinum coins that meet the criteria for IRA eligibility. This feature can be particularly attractive for retirement-focused investors.


1. No Palladium Products: One drawback to consider is that Gainesville Coins currently does not offer palladium products.

2. Product Availability Concerns: Some investors have expressed frustration with Gainesville Coins due to the frequent listing of products as “out of stock.” This issue can impact the ease of acquiring specific items and should be considered, especially if you have specific products in mind.

3. High Commission Rates: Another concern raised by clients pertains to high commission rates. However, potential investors should consider the absence of palladium products, product availability challenges, and commission rates when deciding whether to invest with Gainesville Coins.

Gainesville Coins Review: Final Thoughts

To sum it up, Gainesville Coins has some good points for precious metal investors. They offer ancient coins for collectors, and they have IRA-eligible coins for retirement-minded folks.

Gainesville Coins does not currently offer palladium products, which may be a limitation for investors interested in this precious metal.

In the end, deciding whether to invest with Gainesville Coins should depend on your investment goals, what you like, and what’s most important to you.

Other Precious Metals Dealers:

Tim Schmidt


Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.