Gainesville Coins Review



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Gainesville Coins is an online gold bullion dealer with a large selection of bars, coins and rounds. They offer bullion made by a number of reputable brands and in sizes ranging from 1/20th of an ounce up to 1 kilogram. At the time of this review, Gainesville Coins was in good standing with the BBB and had an a+ rating.


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Gainesville Coins Gold Bar Selection

Though the name implies that the company is focused only on coins, Gainesville actually has a large selection of gold bullion which includes bars that are manufactured by all of the most reputable brands. They also stock a range of size options for investors which are listed below:

  • 1/4 oz
  • 1 g
  • 2.5 g
  • 5 g
  • 10 g
  • 20 g
  • 37.5 g
  • 100 g
  • 1 oz
  • 10 oz
  • Kilogram

As mentioned above, Gainesville Coin also carries a wide range of bars made by the worlds top minting companies. All of the gold bar brands that are offered on Gainesville Coins’ website are listed below:

Gainesville Coins Gold Bullion Pricing Review

All in all, Gainesville Coins has competitive prices on most all of their gold bars and bullion. For example, at the time of this review they had their 1 oz PAMP Suisse Gold Bars listed as low as $15.95 over spot for the highest quantity price break (25+) and as high as $19.95 for smaller quantity purchases. This is in line with most of their competitors like APMEX, Provident Metals and JM Bullion.

One downside to buying from Gainesville Coins is that they charge a fairly high amount for shipping and handling. These charges can be as high as $30 and varies depending on where you live and the shipping carrier you choose at checkout. This price also includes full insurance but can add on a bit more of a premium to your gold bar purchase. For example, if you are only purchasing 1 oz of gold and paying $19.95 over spot for the bar and shipping amounts to $25, the per ounce premium would then be $34.99.

Other Types of Gold Offered

Aside from their selection of gold bars, Gainesville Coins, as you may have guessed, offers a very big selection of gold coins. They offer modern bullion coins from the US and other foreign countries, pre-1933 us gold and proof coins. Some of the most popular gold coins that the company sells are listed below:

  • American Gold Eagle
  • South African Gold Krugerrand
  • Canadian Gold Maple Leaf
  • Australian Gold Coins (Lunar, Kangaroos, Koalas)
  • Chinese Gold Panda
  • Gold Buffaloes
  • Pre-1933 Gold Coins (Liberty, Indian, St Gaudens)

Customer Service

Gainesville Coins has a customer service staff which is available Monday through Friday 9am-6pm EST. They offer assistance over live chat and have phone support. Their customer service staff has industry knowledge as well as an understanding of the products they sell and can be reached by phone at 813-482-9300.

Shipping Times

The amount of time it takes for Gainesville Coins to ship an order varies depending on the payment method and product you select. They don’t list specific shipping time frames on their website but you are able to choose expedited shipping services like UPS 3 day select, 2nd day air and next day air. The company doesn’t accept payment in the form of Paper Check, ACH transfer or cash.

Conclusion

If you are purchasing gold bars online, Gainesville is a viable option, however we feel that if you are buying smaller amounts of gold the high shipping rates can add a lot on to the price of the bullion. The company does have a very solid track record with a good reputation in the bullion and coin industry and we believe they should still be taken into consideration when buying gold bars online.