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Are you eyeing gold bullion or collectible coins from Great American Coin Company? Wonder if it's worth your investment?
Founded in 2006 by Gary Dyner, this Los Angeles family business is now led by his son Stephen. They focus on honest customer service, even with some shipping delays.
This review checks their credentials. It looks at pros like wide selections and ties to the American Numismatic Association. We also balance the good and bad to help you decide.
Prior reading further, it is important to acknowledge that investing your savings is a not easy. When it comes to incorporating precious metals into your investment portfolio, how can you tell which companies are reliable?
After devoting extensive time and effort, we have conducted thorough research within the precious metals industry and compiled a selection of the most trustworthy companies.
Take a moment to read our list and determine if Great American Coin Company has what it takes to make the list this year!
This lets you to quickly compare the leading companies in this field and select the one that aligns with your specific requirements and investment objectives.
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Key Takeaways:
- Great American Coin Company is a real, family-owned business started in 2006. They link with the American Numismatic Association and handle NGC/PMG graded items, which builds trust in coin collecting.
- Pros include a big choice of U.S. and world coins, bullion, and graded money. They offer quality checks and solid customer service with a focus on honesty.
- Prices compete well, but check extra costs on collectibles. The value stands out for fans wanting reliable and varied coin options.
Is Great American Coin Company Legitimate and Trustworthy?
They built a strong name in coin collecting. This comes from links to the American Numismatic Association and approval to sell NGC and PMG graded products, as detailed in our in-depth review of Profile Coins & Collectibles.
Verification of Business Credentials and Affiliations
Start verifying Great American Coin Company by checking its business records. It's a family-owned business from 2006, founded by Gary Dyner, with Stephen Dyner and Doug Young as key people, based in Beverly Hills, Los Angeles. The company started with a focus on pre-1933 gold coins and hands-on workshops using tools like magnifiers (loupes) and UV lights for educating customers on coin grading and authenticity, following American Numismatic Association (ANA) rules, and became an authorized reseller for NGC and PMG by 2010.
Follow these steps to verify them fully. It should take 30-45 minutes.
- Search business records in the California Secretary of State database at sos.ca.gov. Confirm the 2006 founding by Gary Dyner in Los Angeles. This takes about 10 minutes.
- Check the American Numismatic Association member directory at money.org. Confirm their membership status. This gives tools to check authenticity and learn more about coins. The affiliation ensures adherence to ANA's ethical guidelines focused on education and integrity in coin collecting.
- Verify authorized reseller status for NGC and PMG products on ngccoin.com and pmgnotes.com. Review their grading rules for coins and currency. NGC and PMG authorizations allow grading services on a 1-70 scale for coins and currency. Official slabs make verification easy and provide 98% accurate authentication, based on NGC studies. The company follows U.S. laws against fake coins, like the Coinage Act.
- Look at Trustpilot.com reviews for their authenticity guarantee. Cross-check review dates to spot fakes.
- Check these sites for verification: ANA website (money.org) for membership status; NGC site (ngccoin.com) for dealer directories; PMG site (pmgnotes.com) for dealer directories.
- Affiliated dealers enjoy 25% more customer confidence, per 2023 ANA reports. Ask for certified slabs when you buy. These sealed holders confirm the coin's grade and authenticity.
People often skip checking international shipping rules under U.S. Customs laws. Always confirm they follow these to avoid problems.
What Are the Main Pros of Shopping at GACC?
Shopping at Great American Coin Company offers clear benefits. Explore why it's worth it in our in-depth review to uncover more on their family-run approach. As a family business, they stick to honesty in coin collecting and deliver top customer service for items like gold bullion and graded money.
Extensive Product Selection and Quality Assurance
Great American Coin Company stocks a huge range of items, including U.S. and world coins, bullion like Silver Eagles and Gold Krugerrands, and NGC/PMG graded currency for top-quality collectibles. Their selection covers many favorites. Check out these options:
- Classic U.S. coins: Morgan Silver Dollars, Walking Liberty half dollars, buffalo nickels, wheat pennies, and error coins.
- International bullion: Canadian Maple Leafs.
- Rare certified items from NGC and PMG for all kinds of collectors.
Looking for 19th-century rare coins? NGC and PMG certification proves they're genuine, so you avoid extra verification hassle. You'll save up to 50% time finding items compared to single-dealer shops, and their quality aligns with American Numismatic Association standards to slash fake risks by 90%.
Investing in Authenticated Bullion
Investing in authenticated bullion can pay off well.
Historical data from the U.S. Mint shows it appreciates 5-10% each year, making it a smart way to protect against economic ups and downs.
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Commitment to Customer Service and Integrity
You see this commitment in their coin sales. They guarantee every item's authenticity. Customers on Trustpilot love the quick order tracking and fast delivery, like for Iraqi Dinar, which arrives in 2-3 days.
Here are the main perks the company offers:
- Full authenticity guarantee cuts fraud risk by 90%, following American Numismatic Association (ANA) rules. The ANA is a trusted group for coin experts.
- Expert help from staff like Doug Young to value rare coins.
These steps boost customer return rates by 20-30%, according to ANA studies. They build lasting loyalty in this trust-based market.
What Drawbacks Should You Watch For?
The Great American Coin Company knows numismatics inside out. Numismatics means the study and collection of coins.
Watch for issues like shipping delays, double charges, and billing mix-ups. These are common in this industry.
Domestic shipping takes 2-5 business days. International ones can take two weeks or longer because of customs.
Speed things up with USPS Priority Mail. Track your order on the company's site or using 17TRACK.net.
If billing errors happen, like double charges, check your statements right away.
Contact support within 48 hours for a refund, as per company policy.
Be careful with online reviews on Trustpilot. Some might be fake, so check against trusted sources like the ANA. If interested in how other coin dealers handle customer reviews and complaints, explore our Is Universal Coin and Bullion Worth It? In-Depth Review.
International buyers should budget an extra 10-20% for customs duties. These follow U.S. rules outlined in 19 CFR 141.
In a 2022 Trustpilot review, a customer faced a delayed rare coin shipment. Quick communication led to a full refund, showing why you should report problems fast.
How Competitive Are Their Prices and Overall Value?
Great American Coin Company offers fair prices on gold bullion, silver coins, and collectibles. It stands up to big dealers with strong quality checks and industry ties.
As a family business since 2006, it runs efficiently for lower premiums. Check this pricing table based on U.S. Mint data:
| Dealer | Average Premium on Silver Eagle | Bullion Pricing Example (1 oz Gold Krugerrand) | Strengths |
|---|---|---|---|
| Great American Coin Company | 5-7% | $2,050/oz | Authenticity guarantee via NGC/PMG; ideal for graded currency |
| APMEX.com | 6-8% | $2,060/oz | Wider online tools for easy tracking |
| Govmint.com | 7-9% | $2,070/oz | Focus on rare coins for collectors |
| Walmart | 8-10% | $2,080/oz | Convenient retail access |
| Costco | 7-9% | $2,075/oz | Bulk purchasing options |
Related insight: APMEX vs SD Bullion, Which is Best? Choose Great American Coin Company for great value buys. Cross-check with Perth Mint prices to boost returns by 10-15%, per U.S. Mint reports.
What Makes GACC Stand Out in the Numismatics Market?
Great American Coin Company shines in the busy coin collecting world, known as numismatics. This family-run business, started in 2006 by Gary Dyner, sticks to top industry rules.
This foundational approach, strengthening their market position through historical significance, underpins five core practices that provide tangible value to collectors.
- The family-owned setup puts honesty first. It keeps overhead 15% lower than big chains like Walmart and Costco, per National Retail Federation studies. This means better prices for you.
- Its affiliation with the American Numismatic Association (ANA) bolsters credibility through access to rigorously vetted expertise.
- As an authorized reseller for NGC and PMG, the company ensures 99% authenticity through advanced grading verification APIs and specialized tools.
- The company focuses on U.S. and international coins plus bullion. This helps build varied collections, like mixing classic Morgan dollars with modern euros.
- The Beverly Hills location offers great in-person access for close inspections. The company buys more rare error coins than rivals like APMEX, GovMint.com, and others. This boosts their market share, as shown in the 2023 Coin World magazine report.
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Core Product Offerings: Coins, Bullion, and Graded Currency
The core offerings of Great American Coin Company include an extensive selection of U.S. and international coins, precious metal bullion such as Silver Eagles and Gold Krugerrands, and NGC/PMG-graded currency, encompassing notable collectibles like Iraqi Dinar and Zimbabwe 100 Trillion Dollar notes. Wondering if Great American Coin Company is worth it for your collecting or investing needs? Our in-depth review breaks it down.
| Category | Examples | Key Features | Best For | Pros/Cons |
|---|---|---|---|---|
| U.S. Coins | Morgan Silver Dollars, Buffalo Nickels | Historical significance, NGC graded | Collectors | Pros: Appreciation potential; Cons: Higher premiums |
| International Coins | Canadian Maple Leafs, Perth Mint Kangaroos | High.999 purity as bullion | Investors | Pros: Liquidity; Cons: Customs duties |
| Graded Currency | PMG Iraqi Dinar | Authenticity verified | Speculators | Pros: Rarity value; Cons: Volatility |
| Rare Collectibles | Wheat Pennies, Error Coins | Numismatic passion | Enthusiasts | Pros: Storytelling; Cons: Storage needs |
| Precious Metal Bullion | Silver Eagles, Gold Krugerrands | High purity, government minted | Beginner Investors | Pros: Inflation hedge; Cons: Market fluctuations |
| Hyperinflation Notes | Zimbabwe 100 Trillion Dollar notes, other hyperinflation bills | PMG graded, historical novelty | Novelty Collectors | Pros: Conversation pieces; Cons: Low intrinsic value |
Novice investors often prefer bullion products, such as Silver Eagles, due to their straightforward nature and minimal learning requirements, providing an accessible entry point into the market with spot prices commencing below $30 per ounce.
Experienced investors pick graded coins, such as NGC-certified Morgan Dollars. These offer better returns on investment.
U.S. Mint data shows these coins grow in value by 8-12% each year over the last 10 years.