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Experience With Goldmart.com?

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Valued Member
lagwagon211's Avatar
United States
53 Posts
 Posted 09/28/2011  11:28 pm Show Profile   Bookmark this topic Add lagwagon211 to your friends list Get a Link to this Message Number of Subscribers
Has anyone bought from them? If so, good experience? If you send them a check for a 1oz gold bar the shipping is $15.99...if you use credit card its $80? What the heck?


Edited by lagwagon211
09/28/2011 11:44 pm
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 09/28/2011  11:50 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Never checked that site out before....

Maybe they will stick a gold-mart inside of Wal-mart, lol....
Edited by Silverhawk74
09/29/2011 12:05 am
Pillar of the Community
United States
648 Posts
 Posted 09/29/2011  12:02 am  Show Profile   Bookmark this reply Add tripncoins to your friends list Get a Link to this Reply
I find it very very interesting the prices on this website reflect current spot prices (with a modest premium) on all precious metals. The only caveat on checkout is their credit card shipping. Other methods such as check or money order is $16 dollars 7-10 days shipped. Nice find.
Bedrock of the Community
biokemist6's Avatar
United States
12437 Posts
 Posted 09/29/2011  02:13 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
If you pay by credit card, they make you responsible for the card transaction fees. That is quite typical on small spread bullion sales, APMEX and many other bullion dealers charge that way as well for CCs.
Valued Member
United States
362 Posts
 Posted 09/29/2011  10:56 am  Show Profile   Bookmark this reply Add ICanSeeYou7687 to your friends list Get a Link to this Reply
Never heard of that site before, but it looks like they got some great pirces... 10 pz englehard bars for a couple dollars over sport (plus shipping of course)

Looks like APMEX has some competition
Valued Member
lagwagon211's Avatar
United States
53 Posts
 Posted 09/29/2011  11:34 am  Show Profile   Bookmark this reply Add lagwagon211 to your friends list Get a Link to this Reply
APMEX is too expensive. GOldmart has better product too.
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Ed_B's Avatar
United States
4008 Posts
 Posted 09/30/2011  12:53 am  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
APMEX is expensive but they are also reliable. I haven't dealt with gold.mart but am tempted to give them a try. I will scope out their web site and see what that looks like.

Another good idea is to do a Google search for a web site and the word "scam". I did that for APMEX and found nothing. I did it for some of those gold companies that advertise on TV (not that I wanted to buy, just checking my test) and got TONS of hits.
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lagwagon211's Avatar
United States
53 Posts
 Posted 09/30/2011  11:08 am  Show Profile   Bookmark this reply Add lagwagon211 to your friends list Get a Link to this Reply
gainsville coins is good too..
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GoThunder's Avatar
United States
830 Posts
 Posted 09/30/2011  1:51 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply

Quote:
Another good idea is to do a Google search for a web site and the word "scam". I did that for APMEX and found nothing. I did it for some of those gold companies that advertise on TV (not that I wanted to buy, just checking my test) and got TONS of hits.


Good idea Ed!
Valued Member
lagwagon211's Avatar
United States
53 Posts
 Posted 09/30/2011  3:20 pm  Show Profile   Bookmark this reply Add lagwagon211 to your friends list Get a Link to this Reply
no scams found on google...someone buy from there already!

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acloco's Avatar
United States
3540 Posts
 Posted 09/30/2011  5:12 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
Gainesville delivered a superbly SCRATCHED 5 oz ATB bullion coin and REFUSES to replace or refund.

They said that is the way it was received from the mint. Yeah...right.
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Ed_B's Avatar
United States
4008 Posts
 Posted 09/30/2011  5:55 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Gainesville delivered a superbly SCRATCHED 5 oz ATB bullion coin and REFUSES to replace or refund.

That would be enough for me to never ever buy from them again and also to point out what happened to tens of thousands of people via the Internet. If a dealer does not stand behind what they sell, don't do any more business with them... ever. Do not recommend them to friends, family, or associates. Sooner or later, they WILL get the message and it WILL be expensive for them; MUCH more expensive, in fact, than simply replacing a defective product with a good one would have been.

A good dealer wants their customers to be happy. In fact, many of them will go out of their way to ensure that their customers are satisfied with the products they sell to them. This ensures that the customer returns again and again and also recommends the dealer to others. This can result in lots of good business for the dealer, as it should. The dealer earns that with good products, good service, and reasonable prices. It is an old business axiom that it is 10 times easier to keep an old customer than it is to find a new one. Sounds as if Gainesville hasn't heard that one. :-/

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lagwagon211's Avatar
United States
53 Posts
 Posted 09/30/2011  6:05 pm  Show Profile   Bookmark this reply Add lagwagon211 to your friends list Get a Link to this Reply
yup, forget Gainsville Coins.
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barryg's Avatar
United States
5841 Posts
 Posted 10/28/2011  2:54 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
To answer the original question, I bought two coins from Goldmart (a $20 Gold Liberty Head Double Eagle (AU or Higher) and a 2011 1 oz Australian Platinum Platypus) from them at the beginning of October after PMs had dropped sharply. The total amount was too little to pay by bank wire (they only accept bank wire for amounts over $5,000) and I didn't want to pay the extra fee for CC use, so I payed by credit card.

It took a LOOOOONG time for the check to finally clear and for them to send me the coins -- nearly three weeks. However, I did finally get them and I was very satisfied with the coins and the shipping. Plus, the value of the coins rose significantly while I was waiting for them, so that helped ease the pain of waiting...

The premiums on the coins was significantly less than other sites such as APMEX. In fact, my only real complaint was lack of variety. I wanted to buy a complete set of historical U.S. gold coins in AU or better condition, and the only one they had available was the $20 Gold Liberty Head Double Eagle (I ended up buying the rest at APMEX for much higher premiums). If I were strictly buying bullion, however, I would use Goldmart again in a heartbeat. I'd probably make sure I ordered more than $5000 at a time, though, so that I could pay by bank wire.
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SA4H's Avatar
United States
2764 Posts
 Posted 10/28/2011  3:41 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
I skimmed through this website: http://golddealerreviews.com/ and didn't see any review for Goldmart.com. On the other hand, Gainsville Coins and see 8 positive vs 9 negative reviews.
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Ed_B's Avatar
United States
4008 Posts
 Posted 10/28/2011  5:10 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
If you pay by credit card, they make you responsible for the card transaction fees. That is quite typical on small spread bullion sales, APMEX and many other bullion dealers charge that way as well for CCs.

Absolutely correct. If you buy certain items from SilverTowne, OTOH, then you do not pay a separate CC surcharge. The trick is, does ST have what you want when you want it? If they do, then they are a viable alternative vendor.
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