What is California Numismatic Investments? Which products and services does it offer? Who owns this company? Does it offer IRA services? Does it offer precious metal storage services? Welcome to today’s interesting review in which I will be taking you through all you need to know about this company before you can make a decision about whether to turn to it for the services that it offers. This review is information-packed and will offer insights on a couple of elements about California Numismatic Investments, so read on to find out more about this company.
Name of the company: California Numismatic Investments
Official Website URL: https://www.golddealer.com/
Overall Rating: (4 / 5)
Recommended: Yes (compare with other alternatives in the market though)
There are many scammers who will trick you into giving them your hard-earned cash.
They employ high-pressure sales techniques like calling you every day.
To avoid this, please do your own research before you decide what firm to invest with.
You can do this by checking the reviews and ratings independent 3rd party consumer protection agencies give them.
To discover which investment firm consumers rate the highest… who won’t bother you with pushy sales calls… and who you can trust to protect and grow your wealth… then take a look at the #1 Recommended Gold & Silver IRA Dealer on our top-5 list.
With that being said, let´s continue with the review on California Numismatic Investments!
Company Background Information
California Numismatic Investments (also known as GoldDealer.com) is a precious metal dealer that also doubles up as a Gold IRA company. It was founded in 1980 and has been serving its customers mainly through its headquarters located in Inglewood, California.
This company offers its clients an impressive collection of IRA-eligible products, as well as a comprehensive inventory of rare coins that coin collectors can purchase. Customers can turn to this company if they want to purchase precious metal products including:
The above products can be accessed in their coin or bar form. If you are just getting started with investing in precious metals, you can access the educational resources that California Numismatic Investments provides to customers who need to increase their knowledge on how to invest in precious metals, as well as the best precious metals to add to your portfolio for retirement. The company offers free resources such as:
- Audio updates on gold news (daily)
- Precious metal graphs
Who are the noteworthy figures in this company’s Management Team?
The current acting president of this company is Richard Schwary, who according to the information on their official website, is an alumnus of the California State University (1973). Richard has been working in the precious metal industry for over 40 years now, hence is well-versed with customers’ needs and expectations, and how to deliver on them.
Ken Edwards is another well-recognized leader in this company. He is known for co-founding this company along with Richard Schwary. Ken has specialized in his role as a precious metal specialist. He has made appearances in media houses such as CNN, CNBC, and PBS, where he has given his insights about precious metals.
Richard and Ken have gone to the lengths of registering California Numismatic Investments as a member of internationally recognized organizations such as:
- Professional Numismatists Guild
- Industry Council for Tangible Assets
- California Coin and Bullion Merchants Association
Which services does California Numismatic Investments offer?
Beyond being a precious metal dealer (purchasing and selling precious metal products at competitive prices), this company also offers the services below:
- Gold IRA services
- Partnered storage
- Authorized PCGS and NGC submission center
- Precious metal product appraisals
- Rare Coin Market Insights
- Supplying coins, and collecting gifts for families
You can either access an individual service, or you can view California Numismatic Investments as your one-stop-shop, and utilize all its available services. It would be a good idea for you to, however, compare what California Numismatic Investments is offering, with what its competitors out there are offering, before making a decision on which company you will rely on to invest for your retirement years.
Which products does this company offer?
This company’s catalog includes an extensive collection of gold, silver, platinum, palladium, and rhodium products. There is also a collection of products that coin collectors can access if they are out to add more items to their personal collections. Examples of the products offered by California Numismatic Investments include:
- Silver Austrian Philharmonic
- Gold Austrian Philharmonic
- Canadian Gold Maple Leaf
- Silver American Eagle
- Canadian Platinum Maple Leaf
- American Gold Eagle
- Canadian Palladium Maple
- American Gold Buffalo
Does this company offer custodian services?
This company does not offer custodian services, but it has its preferred custodian, Equity Trust Company. Customers are not mandated to go with any company’s preferred custodian. I would in fact encourage customers to do their due diligence, no matter what any precious metal IRA expert advises them to do.
The main reason I encourage investors to compare various offerings in the industry is because elements such as fees, quality of services, and features vary from one firm to the next one. You may think that you have gotten the best deal, until you come across a more affordable service provider, with a greater quality of services.
Does California Numismatic Investments offer precious metal IRA services?
Yes. This company offers precious metal IRA services and has partnered with Equity Trust Company as its preferred custodian. If you have done some research on how to open a gold IRA (Precious Metal IRA), then you do know that you are required by the law to choose an IRS-approved custodian to oversee your account’s activities and to report to the IRS. As already highlighted, you can decide to work with Equity Trust Company as your custodian, or you can choose your preferred custodian, based on the features and qualities of their services that you want to lock-in.
Does California Numismatic Investments offer storage services?
California Numismatic Investments offers partnered storage services with a company known as CNT Depository. CNT Depository has a 63,000-square-foot facility that has Class 3 UL-rated vaults, that it uses to provide segregated and non-segregated storage services to customers who need these services. One of the outstanding pros of the CNT Depository is that it is fully insured by one of the most revered insurance service providers, Lloyds of London.
What about the fees charged by California Numismatic Investments?
The fees charged by companies in the precious metal industry vary from one company to the other. You will also find that even within the same company, customers can end up paying different fees altogether. If you turn to California Numismatic Investments and you sign up for its preferred custodian’s services as a precious metal IRA investor, here are the fees you can expect to pay:
- Account set-up fees – $50
- Annual fees -$80
- Annual segregated storage fees -$150
- Annual Non-segregated storage fees – $100
Is California Numismatic Investments Genuine or a Scam?
I think that California Numismatic Investments is a legit company. It has been around for over 4 decades, which is sufficient time for the long arm of the law to catch them if they were out to no good. Its founders are people who have also served in the precious metal industry for a long, where they have also come to be recognized as authorities. Let us now turn to the customer reviews to see what those who have utilized its services have to say about it:
Better Business Bureau (opens on a new window) – (3.7 / 5) – A+ rating
Business Consumer Alliance (opens on a new window) – No customer ratings – AAA rating
Trustpilot (opens on a new window) – (4.8 / 5)
Yelp (opens on a new window) – (4 / 5)
Trustlink (opens on a new window) – (3 / 5)
Sitejabber (opens on a new window) – (5 / 5)
Pros and Cons
- Offers a wide range of IRA-approved precious metal products
- Vault storage offered in partnership with the CNT Depository
- Has preferred custodian for custodian services
- Rare coins for coin collectors are available
- Popular IRA-approved coins are at times not available.
Do You Own or Represent the California Numismatic Investments?
If you are a representative, or associate of California Numismatic Investments and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an email at email@example.com.
Final Words and Verdict
Overall Rating : (4 / 5)
California Numismatic Investments has surely managed to serve its purpose quite well in the precious metal investment industry, as you can see from the consumer trust ratings and reviews. The fact that it has been around for many years goes a long way to validate its legitimacy since was it an illegal firm, it would have been shut down by the authorities. It also appears that this company has an impressive collection of products that customers can purchase as they also utilize other services.
The fact that they also offer IRA services is such a bonus for any gold investor who would want to get all their solutions delivered by one firm. I think this company is doing a great job as is, but I would recommend that you also check out other firms in the industry and what they have to offer, just to ensure that you get the best deal:
That will be all for this review on what California Numismatic Investments is about, and what it has to offer to investors. I hope that you found it informative and that the information presented herein will help you make a solid decision. Let me know whether you have more questions or concerns about this company – drop them in the comments section and I will get back to you ASAP!
I wish you well,
Eric, Investor and Team Member at Gold Retired!