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BGASC (Buy Gold and Silver Coins) is a full-service bullion dealer, and Gold IRA company. Despite the name, its inventory offers a good selection of both gold and silver products, in addition to platinum coins and bars. GoldStar Trust Company, New Direction Trust Company, and Strata Trust Company are preferred custodians. Delaware Depository, International Depository Services, Texas Bullion Depository, and Brinks Global are preferred depositories. No palladium is available at this time. The company provides no information pertaining to its management team.
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Pros:
- BGASC has an extensive catalog of products for both retirement savers and collectors
- All of the most popular IRA-approved products are available in the inventory
- Gold, silver, platinum products are offered in the inventory
- GoldStar Trust Company, New Direction Trust Company, and Strata Trust Company are all preferred IRA custodians
- The preferred depositories are Delaware Depository, International Depository Services, Texas Bullion Depository, and Brinks GlobalCons:
- No palladium is available in the catalog of products
- The company is not forthright regarding members of its management team
Table of Contents
BGASC Company Info & Background
BGASC (www.bgasc.com) is a precious metals dealer, and likewise, assists clients with setting up a self-directed IRA account. It was founded in 2012 and has a post office box address in Calabasas, California.
The company offers a wide selection of gold, silver, and platinum products. This is one of the few precious metals dealers who seem to have an equally large selection of both bars and coins. For retirement savers, there are numerous available IRA-approved gold, silver, and platinum products. Moreover, there are commemorative coins and pre-1933 US Mint gold coins for collectors.
Charts and Live Prices
The BGASC website also has a “Charts” section dedicated to updated and historical gold, silver, and platinum interactive price charts. You can call up price charts for various time periods from 1 day to 1 years, plus YTD and All. The chart for gold goes back to 1991. You can aslo use the sliders at the bottom of the chart to chose a range of your selection. A very interesting interaction is that the chart allows you to compare the performance of gold to one or any of the following assets:
- Crude oil
- US Dollar
- FTSE 100
- S&P 500
- Dow Jones
Another useful feature is their free price alerts. You can sign up for free to receive live price alerts via email or SMS.
(Source: BGASC website)
Sell Back
In addition, the company offers a simple buyback program, enabling customers to sell their silver or gold in four easy steps:
- Make an inventory of your items
- Call BGASC to get a quote for your precious metals
- Package your items with all necessary paper work
- Ship your item, payment will be made once your items are tested for authenticity
Product Pricing
The prices for precious metal coins and bars seem slightly higher than the industry average. At the time of writing their 2022 American Eagle 1 oz Gold coin was on sale at $1,890.88. Compared to the spot gold price at the time it equalled a mark up of 7.1% which is slightly higher than prices you may find in other precious metal dealers.
They also offer volume discounts on most items. For example most 1 oz gold coins get discounts on the following increments 5-19, 20-39, 40-99, and 100+. While 1 oz silver coins get wide ranges for to apply for discounts. Their 1 oz American Silver Eagle has the following step up in discounts: 20-99, 100-499, 500-1499, and 1500+.
BGASC Management Team
BGASC offers no information about the management team. Unlike many other Gold IRA companies, even its LinkedIn page provides no information on who leads the company.
(Source: BGASC website)
Custodians and Storage
For custodial services, clients of BGASC can choose from three IRA custodians:
- GoldStar Trust Company
- New Direction Trust Company
- Strata Trust Company
Below are the fees for each of the aforementioned IRA custodians.
GoldStar Trust Company
- $50 Account set-up fee
- Annual maintenance fee of a minimum of $75 and a maximum of $225
- Annual commingled depository storage fee of $100
- Variable segregated storage fee applies
STRATA Trust Company
- $50 account set-up fee
- $95 annual account maintenance fee
- $150 for segregated precious metals storage/$100 for non-segregated precious metals storage
New Direction Trust Company
- $30 account set-up fee
- $150 annual account maintenance fee
- $95 Processing fee for purchase, sale, or exchange of precious metals
Clients of BGASC have three preferred partnerships regarding secure storage options including Delaware Depository, International Depository Services, Texas Bullion Depository, and Brinks Global.
BGASC Products
The BGASC catalogue offers a wide array of gold, silver, and platinum products, including all of the popular IRA-approved coins and bars. Additionally, for collectors, there are commemorative coins, and pre-1933 US gold coins. IRA-approved gold coins include:
- Great Britain Gold Sovereign
- Gold Britannia, Gold Canadian Maple Leaf
- Gold American Eagle
- Gold American Buffalo
- Gold Austrian Philharmonic
- Gold Australian Kangaroo
BGASC offer a wide selection of silver options, examples include:
- Silver American Eagle
- Silver Canadian Maple Leaf
- Silver Austrian Philharmonic
- the Silver Mexican Libertad
Options for platinum coins include the Platinum American Eagle and Platinum Canadian Maple Leaf.
View more BGASC here.
This bullion dealer also has a large variety of poured silver bullion products. These items include all sorts of trinkets for collectors who also want to own precious metal. Items include:
- Lingots
- Various types of skull
- Crosses
- Rounds
- Cubes
(Source: BGASC website)
BGASC IRA-Approved Gold Bullion
- Great Britain Gold Sovereign
- Gold Britannia
- Gold Canadian Maple Leaf
- Gold American Eagle
- Gold American Buffalo
- Gold Austrian Philharmonic
- Gold Australian Kangaroo
Additionally, there are two types of gold bars available.
- Canadian Mint 1 ounce bar
- Credit Suisse 1 ounce bar
BGASC IRA-Approved Silver Bullion
- Silver American Eagle
- Silver Canadian Maple Leaf
- Silver Austrian Philharmonic
- Silver Mexican Libertad
BGASC IRA-Approved Platinum Bullion
- Platinum American Eagle
- Platinum Canadian Maple Leaf
BGASC Precious Metals IRA Info
| Company | BGASC |
|---|---|
| Annual Cost | Variable |
| Scaled or Flat Fees? | Flat Fees |
| Partnered Custodians | GoldStar Trust Company, New Direction Trust Company, and Strata Trust Company |
| Partnered Storage Vaults | Delaware Depository, International Depository Services, Texas Bullion Depository, and Brinks Global |
| Metals Available | Gold, silver, and platinum |
| Years in Business | 9 years (2012) |
BGASC Reviews, Ratings, and Complaints
Below we offer a diverse selection of reviews, ratings, and complaints pertaining to BGASC from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.
- BBB Rating: A+
3.86/5 from 14 customer reviews (Details)
- BBB Complaints: 0 complaints in the last 3 years (Details)
- Trustpilot:
4.8/5 from 7,427 customer reviews (Details)
- RipOff Report: 3 Reports (Details)
- TrustLink: Profile (Details)
- Facebook: Profile (Details)
BGASC Contact Information
- Address: PO Box 9119, Calabasas, CA 91372-9119
- Phone: (888) 992-4272
- Email: customerservice@bgasc.com
- Website: www.bgasc.com
BGASC (Buy Gold and Silver Coins) is a full-service bullion dealer, and Gold IRA company. Despite the name, its inventory offers a good selection of both gold and silver products, in addition to platinum coins and bars. GoldStar Trust Company, New Direction Trust Company, and Strata Trust Company are preferred custodians. Delaware Depository, International Depository Services, Texas Bullion Depository, and Brinks Global are preferred depositories. No palladium is available at this time. The company provides no information pertaining to its management team.User Rating
Sarah Bauder is a financial writer with over a decade of experience at numerous online publications, writing about alternative investments, retirement, US politics, world economy and more.
