Today we will review GoldDealer.com. What is GoldDealer.com? A Scam or a legit investment option for you? What are your alternatives? These are some of the questions this short review will focus on. Ok, here we go!
Company: California Numismatic Investments
Owner: Ken Edwards and Richard Schwary
Price: Depends on your investment
Who is it for: Investors
Overall rating: (3.5 / 5) (Not Recommended)
Important to mention before we go into more details of this review:
We always strongly recommend to do your research online before you choose a company to invest with. There are so many reviews online of clients being ripped of and scammed. So please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on GoldDealer.com!
What is GoldDealer.com about?
GoldDealer.com or, more correct, California Numismatic Investments is a gold dealer that can be used by the general public. Its physical address is located in 525 West Manchester Blvd, Inglewood, CA.
It was formed in 1981 so it has more than 35 years in business by now.
How does it work?
The company serves as a precious metals broker, selling (and buying) a wide range of gold and silver coins and bullion. They also offer a selection of IRA approved metals even though they are not a true IRA custodian.
Important to mention: If IRA is what you are into then click here to come to the review of the company that dominates in that area.
The products offered are gold, silver, platinum and palladium coins and bars. There is also more “rare” metals in the form of Rhodium and Mintage bars.
There is also more “rare” metals in the form of Rhodium and Mintage bars.
They also offer educational services such as:
- Free Appraisals
- Market Insight
- Competitive Buying
- Professional Rare Coin Council
Yes, IRAs are offered. However, if that is what you are looking for there is no company that beat GOLDCO DIRECT when it comes to IRAs.
Can you get the gold (and other metals) delivered to your home?
There is no info about this on their website so you can (most likely) assume that you can not get it delivered to your house.
Can you store your investment with the company?
Well, GoldDealer.com is in a partnership with CMT, an independent precious metals depository. So, you can say that they don´t store it for you but they will fix a storage alternative for you.
However, that is the ONLY option you got if you go with them.
Can you sell back to the company?
Yes, you can. They have a whole page that explains the process on their website.
Can anybody in any country use the service?
This is also something that isn´t mentioned on their site. I tried to ask them in the live chat for this but there was no staff available.
Is GoldDealer.com a scam?
Is GoldDealer.com a scam then? Well, no it is not fair to call it a scam. It would never have survived that long (over 35 years) in business if they were a scam. They also got good reputations and (mostly) good reviews online.
Their overall score online is just precisely over average and here are some of the most well-known review sites rating on them:
3.8/5 Google Reviews
3.6/5 Gold Dealer Reviews
As you can see they have a pretty decent overall score and reputation online.
There are some red flags and as always on this site (StartMakeStopWaste.com) we shine the light on the red flags.
The red flags you should know about is that there are also very bad reviews on the company online, most of them seem to be about bad quality on the products received, coins missing and rude sales person on the phone.
Here is one example of a “not so positive” review I found on the site golddealerreviews.com:
I understood that it would take time for my check to clear before my coins would be shipped. However, I was assured multiple times over the phone that I would receive an e-mail notifying me when my coins shipped. I had called several times to be sure because I wanted to make sure I would be home to sign. Unfortunately, despite all of the assurances to the contrary, I received no notification whatsoever when the coins shipped and, well, I was not home to sign. I had to go to a local pick-up station the next day to claim my package. When I got the coins, I was VERY disappointed at the condition. The coins were very scuffed and dingy. When I took them to a reputable local coin dealer, I was told they were in poor condition and they would only buy them at a discounted rate. I definitely feel cheated and will not be doing business with this company again.
There are also a lot more negative reviews like this one to see online and to be honest, they aren´t even hard to find.
Sure, a company that has been around for 35+ years would have a hard time to avoid complaints at all, right? Yes, that is very rare, however, the less bad and negative reviews the better.
How´s the support?
I have to say that I was positively surprised when I saw that GoldDealer.com had a live chat function on their website as many times similar companies don´t have that.
When I tried to use it I got the message that no staff was available to chat though…
That is a plus (at least in my book) and that together with the e-mail and phone nr you can call for help it makes their support good in my opinion, at least when there is staff to chat with 🙂
- Over 35 years in business
- Offers rare metals such as Rhodium
- Got some serious complaints online
- Storage cost is not mentioned on website
- Offers only one storage option
Do You Own or Represent GoldDealer.com?
If you are a representative, or associate of GoldDealer.com and have found something not to be correct in this review please, feel free to tell 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 else you got the e-mail on the about page.
Final Words and Verdict on GoldDealer.com
Verdict: Legit (but not recommended)
Overall rating: (3.5 / 5)
Ok, I think I have made my point pretty clear on this one. It is absolutely a legit company but the negative reviews online can simply not be ignored and they also take down the rating a lot.
I would recommend you to have a look at your alternatives as there are very interesting ones out there.
Which Company Do You Recommend?
If you are looking for a reputable gold IRA custodian besides any other company, you should check out GOLDCO DIRECT.
GOLDCO have ZERO complaints from A LOT of real users. Used by celebrities, respected by well-known publications, and websites.
And A LOT more benefits!
I hope you found this review on GoldDealer.com to be helpful and now you should have a better understanding of what it is and if it is something for you or not. If you are an existing or previous user of their service please share your experience in the comment section below as it can help others make the right decision. Also, if you have any other question about this review I will be more than happy to answer them below!
I wish you success!
Founder of: Gold Retired