Gainesville Coins Review (What Is It Hiding?) (Updated 2022)

January 21, 2022

Gainesville Coins Review

Welcome to my Gainesville Coins Review.

(UPDATED 2022)

There are a lot of precious metal providers out there. If you are looking out for the best ones, you only need to do your research which includes reading reviews.

In this Gainesville Coins Review, you will learn everything you need to know about it. Will it be worth it? Or is it just another scam?

Let's find out.

Gainesville Coins Review Quick Summary

Name: Gainesville Coins


Owner: Michael Yaffe

Price: Varies depending on your investments

Rating: 3/5

Gainesville Coins Review Logo


What is Gainesville Coins?

Gainsville Coins is a family-owned business based in Lutz, Florida. This company is a precious metals dealer. The owner Michael Yaffe founded the company in 2000.

Gainsville Coins showcases great services and products. When the owner started this company, he already possessed great knowledge about the field.

There’s no need to doubt this company’s credibility, not when they’re members of these authoritative bodies in the same industry:

  • Industry Council for Tangible Assets (ICTA)
  • The American Numismatic Association (ANA)
  • Coin Net and the Certified Coin Exchange (CCE)

Moreover, Gainsville Coins are known as an authorized distributor of some huge and famous government mints in the world such as:

  • Monnaie de Paris (France)
  • New Zealand Mint
  • U.S. Mint
  • Royal Mint (UK)
  • Royal Australian Mint
  • The Perth Mint (Australia)

They’re also an authorized dealer of Numismatic Guaranty Corporation and the Professional Coin Grading Service.

Gainesville Coins Products

Gainsville Coins’ pricing is tiered and is more competitive than other companies or dealers. They offer a wide array of services and products alike such as gold and silver bars and coins.

Platinum, palladium, and copper are also some of the metals they offer. And if you purchase several of their products, the company will give you a discount. 

The major products Gainsville Coins offer are bullion, numismatics, and some collectible items.

Gainesville Coins Services

Precious Metals IRA

If you have retirement funds you want to be secured, an IRA account would be a much greater option.

IRA service is also being offered in Gainsville Coins. The company has partnered with two custodians - Goldstar Sun Company and Advanta IRA.

Below are the steps that you must follow to get started.

Gainesville Coins Review IRA Steps

Secure Storage

When you invest in precious metals, most of the time you are offered the option to keep the products in your home.

You can definitely do that, except it's not safe. It's safer if you store your precious metals in a secured storage facility.

Aside from the mentioned precious metals, the company also offers various storage options for your products. You can check all the available storage on their company website.

"Sell to us"

You can also sell your precious metals to Gainesville Coins. You only need to follow the steps below.

Gainesville Coins Review Sell to us steps

Gainesville Coins Prices


If you wish to see all the prices of Gainsville Coins' precious metals, you can check them out on their website.

They feature a catalog there that shows all their products and their corresponding prices.


Gainesville Coins Review IRA Prices

Secure Storage

Although it's not usual for firms and dealers to show details about costs on their websites, Gainsville Coins provide information about it on their website. 

The company has sliding scale fees which isn't the best, choose a storage provider with flat rates instead.

How does it work?

If you want to reach out to Gainsville Coins and discuss business, you can either visit their website,  visit their showroom personally in Lutz, Florida, or give them a call.

If you just intend to buy products, you can easily do it on their website.

Payment and Shipping

Gainsville Coins has 4 payment methods for you:

  • Cash (this is only applicable when you are in their showroom, cash payments via mail is not allowed)
  • Credit card (MasterCard, Visa, American Express, and Discover)
  • Bank Wire
  • Check, cashier's check, or money order

You will see the shipping fee after you place your order online. The shipping time will depend on the payment method you will choose, and all your orders are fully insured.

Gainesville Coins Ratings and Reviews

Below are the online ratings and reviews of Gainesville Coins.

  • BBB - 2.96/5 rating, A+ rating, BBB Accredited with 12 complaints and 23 reviews
  • Yelp - 2/5 rating based on 22 reviews
  • ResellerRatings - 4.88/5 rating based on 12 reviews
  • SiteJabber - 4/5 rating based on 12 reviews

Gainesville Coins Pros and Cons


  • Good products and services, including IRA
  • Has a good reputation
  • Member of various organizations in the industry


  • Low ratings
  • Received an alarming number of complaints
  • Sliding scale-based fees on storage
  • It has not direct storage facility as well as precious metal IRA service

Is Gainesville Coins a scam?

To conclude this Gainesville Coins Review, it is time to finally answer this question.

I believe that Gainesville Coins is NOT A SCAM. It is a legitimate precious metals company that has been around for quite some time.

Moreover, the company is a member of various authoritative bodies and organizations in the precious metals industry.

However, despite these feats, Gainesville Coins still received low ratings and an alarming number of complaints, which makes it a very questionable choice, considering we are talking about our investments.

If you wish to know the best precious metals company, check out my top recommendation below.

Thank you so much for reading my Gainesville Coins Review. If you have any comments or questions, feel free to leave them in the comments section.

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