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Golddealer Review

Bear Lake Gold has created this Golddealer Review page to answer most of the questions potential investors ask about these precious metals company.

Rest assured that we will answer many of the most important questions serious-minded investors have about this gold IRA firm. We will also give you more details about this company as you read through this document, which will help you decide whether it is best to invest in gold and silver through the company.

Bear Lake Gold as an independent organization aims to give its readers well-grounded, impartial and correctly updated information about the companies that we review. Our intention is to allow you, our reader, to weigh up these firms and to compare them on a comparable basis.

We employ our standard gold IRA dealer review methodology when conducting all our review processes and as a vital part of our review procedures, we reach out to major players in the companies that we evaluate. These people include the owners, staff members, clients, and members of its management team. 

We form our unbiased standpoint from the information we get while interacting with these individuals. Through these details, we can ascertain how ethical, moral and suitable it is to do business with these companies. In addition, we use these details to evaluate how competitive these companies are in comparison to other leading providers.

Therefore, the information we will provide in this Golddealer review page will cover vital aspects of the company like its management team, cons and pros, products and services and how people have rated them on third party customer ratings sites.

We intend to use the information in this document to answer these three fundamental investment questions.

  • Is Golddealer a scam or a legit company?
  • Would we suggest doing business with Golddealer?
  • Which companies would we recommend as the best precious metals & gold IRA investment companies?

Summary for Those Who Want a Quick Abridged Answer

The responses from the people we spoke to about Golddealer drove us to the following conclusions about the company:

  • First, Golddealer is not a scam company.
  • However, it is not a precious metal company we suggest for your gold IRA investments.

If you are interested in knowing why we came to these conclusions about Golddealer, please read till the end of this review.

Nevertheless, we still have one unanswered question: "Which companies would we recommend as the best precious metals & gold IRA investment companies?" We do not intend to leave you guessing about the best gold IRA companies in the industry, so we have carefully handpicked the best companies to invest through for your gold IRA.

Based on our professional opinion that is powered by the facts we got about these companies, we have rated them as the top three in the industry.

Our industry's top three precious metal IRA companies are Augusta Precious Metals, Goldco, and American Hartford Gold. When we evaluated all the details we got about these companies using our gold dealer review methodology, we found them to be the most suitable, ethical, and moral precious metal companies in the industry.

Bear Lake Gold has provided details about these companies in three different review guides. These documents will answer every important question about our top-rated companies. We ensured that these guides are straightforward to understand and free of charge. Therefore, we can guarantee you that getting and reading these documents will be worth your time. To get them, please click the relevant buttons below.

Coin Grading Free Silver Offer

#1 Recommendation Best Overall Precious Metal Provider


#2 Recommendation Best  Gold IRA Based On Price


#3 Recommendation Best  Gold IRA Based On Price

golddealer rewviews


Introduction to Golddealer

Golddealer is a leading gold and silver bullion investment company. The company is also known as CNI (California Numismatic Investments), located at 525 W Manchester Blvd, Inglewood, CA 90301-1627, United States. Golddealer sells precious metal products and caters to investors who want to add precious metals like gold and silver to their Individual Retirement Accounts (IRA).

The company began operation in 1956, through the years it has kept selling available bullion and coins to interested investors. Golddealer sells its precious metal products at very competitive prices. The company also allows investors to sell their precious metals through it at fair market prices.

Golddealer has been doing business in the precious metals niche for over sixty years now, and CNI has helped a lot of investors set up and add precious metals to their IRAs.

Apart from precious metals, CNI sells valuable and rare coins, and it partners with a secure storage facility to keep its clients' metals safe.

Golddealer, as a gold IRA company, is a registered member of some professional associations in the gold IRA investment industry. These organizations are:

  • Professional Numismatic Guild
  • California Coin
  • Bullion Merchants Association
  • Industry Council for Tangible Assets

Golddealer is referred to as one of the oldest gold IRA investment companies in the United States. The company is well known for selling precious and rare metals, including;

  • Gold
  • Silver
  • Palladium
  • Rhodium
  • Platinum

Besides rare coins, you can also purchase limited mintage bullion from Golddealer. The company provides customers with live bullion quotes to aid them in the selection of their preferred precious metal products for purchase. When we spoke to one of the customer care representatives in the company, he told us that Golddealer offers free shipping to its customers, and it ships precious metals to any part of the world. The agent also told us that Golddealer sells metals at national price rates and does not charge its clients sales commissions.

When we asked about the kind of employees that the company has, one of the management team members told us that Golddealer works with a team of precious metal experts. The team comprises impartial professionals with experience in the gold IRA investment niche.

CNI runs an audio channel. Golddealer informs customers about precious metals and the industry in general through this channel. In addition, the gold news channel allows the company to share insightful information about the products and services it offers to new and existing investors.

How Does Golddealer Work?

Golddealer.com, as a precious metals broker, sells a wide range of gold, silver, platinum, and palladium products. The company also has other products like mintage bars and rare metals available for purchase. In addition, Golddealer sells famous IRA-eligible precious metals to interested investors.

According to the agent we spoke to about selling back precious metals to Golddealer, investors who decide to sell their metals to Golddealer get total customer satisfaction on their graded, professional, and rare coins.

The prices change daily for bullet coins, allowing interested investors to purchase these coins based on current price bids. However, this price fluctuation can be a huge disadvantage to sellers because they can sell at a loss during this fluctuation process.

Golddealer Management Team

The president of Golddealer.com is Richard Schwary. Richard has been in the precious metal investment industry for at least 40 years. Richard worked with Ken Edwards, who served as the vice president of Golddealer for 37 years. However, Ken passed on in 2018.

Richard Schwary is a member of the Numismatic Literary Guild and the American Numismatic Association. He was part of the team that wrote the tax laws on the sale of coins in California, especially regarding bullion and rare coins.

Richard was the first to propose surety bonds for dealers during trades with the Bullion Merchants Association Minnesota. Being an expert with rare coins, Richard is part of the writers of "A Guide Book of US Coins," a book on precious metal investments.

What is Golddealer Selling?

The CNI catalog has a variety of products in gold, silver, platinum, and palladium categories. Golddealer.com also sells rhodium bullion bars. In addition, the CNI website has a section dedicated to "Certified Rare Coins." Under this section, there is a sub-section that contains "Pre-1933 U.S. gold & silver."

Some of the available coins that you will find in the CNI catalog are;

  • Gold Austrian Philharmonic
  • American Gold Eagle
  • Canadian Platinum Maple Leaf
  • Canadian Palladium Maple Leaf
  • Silver American Eagle
  • American Gold Buffalo
  • Silver Austrian Philharmonic
  • Canadian Gold Maple Leaf

CNI also offers IRA services. It partners with an IRA custodian to provide IRA services to interested investors.

Golddealer Cost and Fees

When we spoke to another customer care department agent about Golddealer's products and services pricing, he told us that the company is very transparent with its pricing. According to him, customers can select from the various available payment options when they want to order. Some payment options available to customers are the payment processor and wire transfer methods.

He said, "Please review these payment options when purchasing metals or placing your orders and only choose the payment option that is very convenient for you."

Below are the fees for various services that CNI offers.

golddealer fees

Products and Services Offered By Golddealer

Precious Metals IRA

CNI sells famous precious metals that customers can comfortably add to their self-directed IRAs. However, Golddealer is not an IRA custodian and does not operate a secure personal depository for storing customers' precious metals. Instead, CNI partners with Equity Trust Company to provide IRA custodianship for interested investors.

Some of the IRA-eligible precious metals that you will find in CNI’s catalog are:

  • Gold coins
  • Pre-1933 bullion gold like the Swiss 20 Franc and the British Sovereign
  • Gold bars from Credit Suisse or PAMP
  • Silver coins
  • Gold krugerrand
  • Canadian gold maple leaf
  • Lunar gold coins
  • Chinese gold panda
  • US gold eagle series
  • Austrian philharmonics
  • Miscellaneous PCGS-certified rare coins

CNI offers interested customers other services that can increase their experiences, like free appraisals, market insights, expert rare coin council, and highly competitive purchases.

Precious Metals

Golddealer is different from other precious metal companies that specialize in selling only gold and silver products. The company has a variety of products in the gold, silver, palladium, and platinum categories, which gives it a competitive advantage over others. It sells rhodium to interested customers.

Gold Bullion

CNI sells different gold bullion products. These products are in various sizes, between 1 Oz to 1 kilogram. The recommended weight of these gold bars, as well as their purity, come from private manufacturers. You can also purchase and sell various bullion gold coins manufactured by independent countries from and to Golddealer.

Silver Bullion

The CNI catalog also has a variety of silver bullion coins and bars. Some of the popular silver bullion you will find in the catalog includes the following:

  • 1 oz American Silver Eagle
  • American Silver Eagle Monster Box of 500 coins
  • 1 Oz silver round
  • Australian Silver Kangaroo 1 Oz.

Platinum Products

You can purchase a wide variety of platinum coins and bars from CNI. Some of the famous platinum products you will find in the Golddealer catalog include the following:

  • American Platinum Eagle
  • Australian Platinum Kangaroo
  • Australian Platinum Platypus

Other Precious Metals Products

Lastly, interested investors can purchase these other products from Golddealer.

  • Palladium bullion bars and coins
  • Rhodium bullion bars
  • Peace and Morgan Dollar Rolls
  • Mintage bullion


For storage solutions, CNI partners with CNT Depository for secure storage. CNT storage is fully insured by Lloyd's of London, and it has certifications from Chicago Mercantile Exchange (CME) Group and the Commodity Exchange Inc. (COMEX). When we asked the customer care agent we spoke with about this service, we were told that "CME Group approves the CNT Depository, Inc. as an Exchange Licensed Storage Facility and Exchange Licensed Weighmaster deliverable against the COMEX Futures Silver Contract. With this distinction, CNT Depository, Inc. is one of six Exchanged Licensed Storage Facilities and one of only two facilities approved for both storage and as an Exchange Licensed for silver, according to www.cmegroup.com."


gold ira pros and cons

How Do Customer Review Sites Rate Golddealer?

BB Review and Customer Testimonials


On BBB, they only have one complaint registered in the last three years

Business Consumer Alllience Review

No Reviews Were Found

No Reviews Were Found

Google review

4.5 out of 5 stars

This rating was formed from the opinions of 45 reviewers

Facebook Reviews

No Reviews Were Found

No Reviews Were Found

Trustpilot Reviews

4.8 out of 5 stars

This rating was formed from the opinions of 1.220 reviewers

Golddealer Promotions

According to one of the agents we spoke to, there are no current promotions for new customers who choose to set up their gold IRA or buy precious metals from Golddealer.

If you want to purchase precious metals or open a gold IRA through a company that gives new customers amazing promotional offers, we recommend setting up your IRA through Goldco. If you qualify for a rollover, Goldco will give you free silver worth $10,000.

free $10,000 in silver

Golddealer Pros And Cons

California Numismatic Investments, Inc the parent company of Golddealer is a BBB-accredited business
It offers IRA services to customers
The company sells precious metals at highly competitive market prices
The company provides new investors with precious metals and gold IRA educational materials through its website
It has a transparent management team, as well as pricing
It offers free shipping to its customers
It sells a wide variety of products
Customers can purchase rare coins from the company.
Although the parent company is BBB-accredited it seems Golddealer is not BBB accredited
Although they offer IRA-eligible precious metals they are not and authorized IRA-custodian
Other than on Trustpilot, this company has very few ratings on other review sites; this seems a little strange to us
When we interviewed past and current customers, some customers complained about its poor customer service and unreliable deliveries

Golddealer Conclusion

Bear Lake Gold will finally give its verdict on Golddealer to end this review. From the facts we gathered about the company, Golddealer is not a scam company. The company has verifiable owners and has been in the industry for more than sixty years. It is a recognized member of some reputable gold investment industry associations.

  • Professional Numismatic Guild
  • California coin
  • Bullion Merchants Associations
  • Industry Council for Tangible Assets

These precious metals associations promote moral standards while trading coins and bullion in the industry. In addition, they are responsible for providing the laws that govern business transactions in the precious metals industry. Hence, Golddealer being part of them is proof that it is not a scam company.

CNI has ratings from review sites like BBB (Better Business Bureau), Google and Trustpil,ot, and the company is a Cable News Network (CNN), Public Broadcasting Service (PBS), and Consumer News and Business Channel (CNBC) top-rated precious metals company.

However, it has some negative features that will not permit us to recommend them as a company through which you can invest in a gold IRA for your financial security. Primarily for Bear Lake Gold, we consider CNI's low rating a big red flag.

Golddealer has low ratings on public review sites. For a company that has been in the precious metal investment industry for more than six decades, it is only normal to see thousands of positive ratings from these review sites and more. However, their lack of rating indicates that many people who did business with Golddealer were unsatisfied with its customer service. Therefore, we would not recommend them for your gold IRA investment.

Alternatively, we suggest investing in a gold IRA through any of our top three gold IRA companies. These companies have gathered amazing customer reviews in the shortest possible time, giving them a great competitive edge over other companies that have spent longer time in the industry. Our top three gold IRA companies are Augusta Precious Metals, Goldco, and American Hartford Gold.

To find out the amazing details of these companies and see what other investors are saying about them, please click the links in the ‘Top Three Golddealer Alternatives’ section below.

Top Three Golddealer Alternatives

Our #1 Precious Metals & Gold IRA Company - Best Overall

augusta Precious Metals

Augusta Precious Metals is our best rated overall precious metals company

  • Customer care is exceptional
  • Pricing is highly competitive
  • Educational program second to none
  • The best FREE investment guide in the industry
  • Zero complaints on BBB & BCA
  • Free shipping on all orders

Our #2 Recommendation - Best For Promotions

Goldco best ira company review

Goldco is our second top rated gold and precious metal company. Having been top rated all of last year they were very close top Augusta Precious metals

  • Great promotional offers
  • Pricing is highly competitive
  • Educational program second to none
  • FREE investment guide in the industry
  • High buyback prices
  • Expert guidance provided by the team
  • First years fees waivered for new customers

Our #3 Gold & Silver Company -Great Prices and Great Customer Service

Hartford American

American Hartford Gold is our third top rated company.

  • A leading, recognized and trusted brand in the industry
  • A family owned and run business
  • Excellent customer service
  • Buy back guarantee
  • Free shipping
  • Promotional offers for new  customers
  • Transparent about cost
  • Diligent when it comes to compliance


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