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 California Numismatic Investments review will focus on. Ok, here we go!
Company: California Numismatic Investments
Owner: Ken Edwards and Richard Schwarz
Price: Depends on your investment
Who is it for? Investors
Overall rating: (3.5 / 5) (Not Recommended)
Essential to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are intelligent, so I am sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do. You will understand yourself once you have visited the page (link) above.
==> See our Top-5 List of Precious Metals IRA Companies on this page <==
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 the general public can use. Its physical address is 525 West Manchester Blvd, Inglewood, CA.
It was formed in 1981, so it has around 40 years in business.
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 proper IRA custodian.
Important to mention: If a gold or silver IRA is what you are into, click here to learn about the company that has taken over and completely dominates the industry!
The products offered are gold, silver, platinum, and palladium coins and bars. There are also more “rare” metals in the form of Rhodium and Mintage bars. It isn´t a wild guess that they are known to offer California numismatic gold.
**If you do not know what numismatic gold coins are, you might need to read this page.
There are 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.
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. If you are looking to store IRA gold at home it isn´t possible anyway as it is not allowed.
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? No, it is not a scam. It is a legit business. 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. On the other hand, if they are your best alternative, there is another story, and I would say they are not.
Their overall score online is precisely over average, and here are some of the most well-known review sites rating on them:
Reviews on (golddealer.com) California Numismatic Investments:
Rating: (4.8 / 5) (out of 1099 reviews) click here for details (opens in new window)
BBB (Better Business Bureau)
Rating: (3.7 / 5) (out of 3 reviews) click here for details (opens in new window)
Rating: (4 / 5) (out of 74 reviews) click here for details (opens in new window)
BCA (Business Consumer Alliance)
Rating: AAA click here for details (opens in new window)
Rating: (3 / 5) (out of 6 reviews) click here for details (opens in new window)
As you can see, they have a pretty decent overall score and reputation online.
There are some red flags, and as always, we shine the light on the red flags:
The red flags you should know about is that there are also terrible reviews on the company online. Most of them seem to be about bad quality on the products received, coins missing and rude salesperson 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 shipping my coins. 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 in 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 feel cheated and will not be doing business with this company again.
There are also many more negative reviews like this one to see online and be honest. They aren´t even hard to find.
Sure, a company that has been around for 40 years would have difficulty avoiding complaints, right? Yes, that is very rare. However, the fewer bad and negative reviews, the better, right?
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 🙂
PROs & CONs
- Over 40 years in business
- Offers rare metals such as Rhodium
- I got some serious complaints online
- Storage cost is not mentioned on the website
- It 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 by sending us an e-mail to email@example.com
Final Words and Verdict on GoldDealer.com
Verdict: Legit (but not recommended)
Overall rating: (3.5 / 5)
Okay, I have made my point pretty clear on this one. It is a legit company, but the negative reviews online can not be ignored, and they also take down the rating a lot.
I recommend you look at your alternatives as there are fascinating ones.
Which Company Do You Recommend?
If you are looking for a reputable gold IRA custodian besides any other company, you might want to check out our #1 recommendation instead.
They have ZERO complaints from A LOT of real users. They are 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 questions about this review, I will be more than happy to answer them below!
I wish you success!
Founder of: Gold Retired