GoldDealer Review: Pros, Cons, Cost, Detailed Info

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Last Updated: July 17, 2024

Investing in precious metals can help diversify your investment portfolio and offer excellent returns. People flock to gold when the dollar devalues and the economy is uncertain.

There are many options if you consider buying gold and other precious metals. GoldDealer is one of these options, but are they the best for precious metals investors?

Before we go any further, we want investors to understand how we research companies like GoldDealer.

At Barcode of Life, we understand the importance of your financial decisions and the trust you have in our information. We conduct in-depth research on every company we review, including their reputation, product offerings, and history. Our goal is to provide you with reliable, comprehensive information so you can make confident choices.

We hold a skeptical view of banks, the monetary system, and politicians, recognizing that these entities often cater more to the wealthy than everyday investors. Therefore, we strongly advocate for individuals to have greater control over their own finances, firmly believing that they should have the power to make decisions about their money, reducing dependence on institutions and politicians.

The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until July 29, 2024. If you are even thinking about investing in gold, you need to request this kit.   
 
Check out our best gold IRA companies list for 2024.

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Key Takeaways

California Numismatic Investments: What Is GoldDealer?

Golddealer.com was initially called California Numismatic Investments. The company opened in 1982, offering gold bullion, silver bullion, and gold IRA services. This precious metals dealer is located in Inglewood, California. We will go into greater detail about the company's services later in this golddealer.com review.

If you want to sell metals, you can set up an appointment with GoldDealer to schedule an appraisal. With its various precious metals and services, we want to learn as much as possible about this retailer to pass on the facts to our readers in this golddealer.com review.

Who Owns and Manages GoldDealer?

Richard Schwary is the president of GoldDealer and has had an extensive career in the precious metals industry. His overall rating is practically flawless.

He is a price contributor to A Guide Book of United States Coins, a long-standing authoritative source on coin pricing. Richard is also the former Officer and Director of the Professional Numismatists Guild, a non-profit organization comprised of the industry's top money and bullion experts.

What Do the Reviews Say?

You should read customer reviews to discover the company's overall rating before getting on board with a dealer. If you are not checking the overall rating, you are missing the information necessary to make an informed decision.

Learning from past customer experiences can help you determine if GoldDealer is the right precious metals company for your precious metals investment needs. If you see many poor reviews and a negative overall rating when checking the Internet for online reviews, look elsewhere for help with your retirement savings. Read each golddealer.com review to gain knowledge to help you proceed safely.

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Better Business Bureau

The Better Business Bureau is an excellent source of information on companies. Here, you can read online reviews and complaints and learn what type of rating GoldDealer has.

First of all, the company has been accredited since 1981. GoldDealer.com has an A+ rating on the BBB and 3.4 stars out of 5 based on five customer reviews. There have been no significant complaints, though there are negative reviews. The main complaint was from an older woman being treated rudely by a security guard in the parking lot.

Trustpilot

We checked Trustpilot for an overall rating next because they offer valuable information about companies like California Numismatic Investments. Here, we found the company has an excellent rating with 4.9 stars out of 5. The company has over 1,400 customer reviews, with 91% of the customer base leaving a five-star review.

The company has a positive rating for responding to negative comments. There were a handful of negative reviews, most revolving around poor customer service, parking lot transactions, and mask mandates. These issues seem to have been resolved.

Business Consumer Alliance

We found the company under the profile name California Numismatic Investments. The company has an AAA rating on Business Consumer Alliance and no customer reviews. There are also no complaints for the gold dealer on the BCA.

Google Reviews

Our next stop was Google Reviews, where we discovered Golddealer.com has four stars out of five. Approximately 30 customers have left a review.

Many customers left positive reviews and said they received excellent customer service, but other customers were unhappy because staff members treated them rudely. Some people have also been unhappy about the parking lot deals since the pandemic. One customer said they had found a better dealer.

We could not find any significantly concerning complaints from customers regarding their precious metals investing. The company's customer satisfaction rating remains high, though there have been issues with rude staff members. The company's owner responds to many of these reviews and says he has spoken to employees and trained them to handle customers more effectively.

We researched carefully to find any customer lawsuits and could not find any. This precious metal dealer has been in operation for over 40 years. They are known for their good prices and easy transactions at their Manchester Blvd. location.

The prominent problem people seem to have is that they must schedule an appointment in advance if they want to sell silver coins and bullion to the business.

The company's overall rating is surprisingly good, with most customers happy to buy silver and other metals from the company. Buyers should report any rude employees to the owner for prompt attention.

pros & Cons

We always advise our readers to weigh the pros and cons of any company before buying gold, silver, platinum, or palladium. If the cons outweigh the pros, some problems need addressing. Dealing with the wrong dealer can bring stress and compromise your financial future.

Pros

Cons

Affiliations and Memberships

GoldDealer.com has several professional affiliations and memberships, including the following:

These associations and memberships speak of the ethics and solid business practices the company offers investors. We have worked diligently to give our readers the top facts in this golddealer.com review. We want you to know about this company before buying bullion from them.

Is GoldDealer a Scam?

GoldDealer cannot be labeled as a scam. They are a legitimate business that has been open for over 40 years. The company has solid ratings on the Business Consumer Alliance and the Better Business Bureau. GoldDealer.com is known for fair prices, rare coins, and easy selling options.

What Types of Gold Bullion and Silver Bullion Does GoldDealer Sell?

GoldDealer.com offers a wide range of precious metal bullion options for private collectors or gold and silver IRA investors. You can buy gold, silver, platinum, palladium, rhodium bars and coins. You can also purchase PCGS-certified rare coins. The following are some popular bullion choices on golddealer.com.

The bullion selection is always changing, so you should check back often for new gold and silver bullion coins. The company will add precious metals almost daily. Not all coins and bars are approved for your self-directed IRA, so it is important to research carefully before buying them.

What Precious Metals Services Does GoldDealer.com Offer?

Golddealer.com offers many services to help each customer invest in coins and bars. You can purchase and send your items to your home or an independent storage facility. We break down the services below.

Precious Metals IRA

Golddealer.com will happily help its customers invest in a precious metals IRA while offering great customer service. They partner with the top custodians in the industry to help their customers invest in precious metals for their IRA. Their preferred custodian is Equity Trust, and they recommend the Delaware Depository and International Depository Services.

Professional Grading

If you want to know how much your coins are worth, you can schedule an appraisal appointment at the brick-and-mortar location. You can get free appraisals on bullion if you are unsure if your coins are worth the grading service.

Coin Supplies and Gifts

In addition to an expansive inventory of precious metals and rare coins, golddealer.com also offers coin-collecting supplies and exceptional gifts. Investors like having access to these coin-collecting options because they allow them to protect their collections.

Should You Invest in Precious Metals?

Many people invest in precious metals because they want to protect their wealth for retirement. As the economy continues to struggle, people consider gold and silver a safe haven investment that hedges against inflation.

If you invest in a precious metal IRA, you can take advantage of tax benefits. Companies like GoldDealer make investing a part or all of your IRA into gold and silver bullion easy.

Gold is a reliable store of value that stands the test of time. Sales of precious metals usually increase when the market is down, and people do not feel confident buying stocks.

Investors can invest in precious metals with a self-directed IRA. Investors simply need to select a custodian to help them make the best purchases for their IRA.

Knowing the IRS rules for purity and storage will help you pursue the right sales at golddealer.com. They can guide investors in their bullion purchases.

FAQ About GoldDealer

GoldDealer does not offer a storage facility, but they recommend storage options like the Delaware Depository. Remember that you cannot store your precious metals at home if you purchase them for an IRA. Investors must put their platinum bullion and other metals in approved storage facilities.

You can sell your metals back to the company, and they will even buy your tangible assets if you buy them from other dealers. The company will appraise your coins and bars on the spot and offer a fair price based on the spot price and current retail prices.

Bottom Line: Should You Trust GoldDealer.com?

As we come to our final thoughts, we have discovered the overall rating of golddealer.com is good. The company has been around for decades and maintained a relatively positive overall rating despite some bad reviews.

No company can please every customer in sales. We expect some poor reviews and are glad to see that GoldDealer rises to the occasion to take care of its customer base.

GoldDealer is not going to be the best for all customers. We recommend researching carefully and using our comparison chart to see how the company stands up to the best in the industry.

Buying and selling precious metals allows you to gain security for the future. Precious metal investments are not without risks but will never devalue to zero.

No matter which dealer you choose, protect your investments. Plan carefully and choose a dealer with an excellent overall rating before buying coins.

Recognizing that banks often serve the interests of the wealthy rather than everyday investors, we approach banks, the monetary system, and politicians with skepticism. We strongly believe that individuals should have greater power over their finances, empowering them to make decisions about their money independently and reducing reliance on institutions and politicians.

The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until July 29, 2024. If you are even thinking about investing in gold, you need to request this kit.   

See How Smart Americans are Protecting Their Savings & Retirement

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