LCR Coin Review – Safe or Scam Investment?
Read our full review on this gold company
Ranked #27 of 68
LCR Coin
3 / 5
The best about Advantage Gold IRA
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Conversion of items into IRAs is tax-free.
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A variety of storage vaults in various places. variety of storage vaults in various places
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Your package is safe and insured
Ready to Protect Your Retirement Savings?
LCR CoinBefore we get started with this review:
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It is difficult to pick a company you can trust with your hard-earned savings. We understand this, and that is why we create useful information to give you as much knowledge as possible before you make a decision.
To make comparing and choosing a company best suited to your needs as easy as possible, we have created a list of our highest recommended investment companies.
>>CLICK HERE to read our list of the top gold investing companies.<<
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LCR Coin Review
LCR coin is a popular and licensed PGCS and NGC dealer. They have been around for over thirty (30) years and are well versed in the process of collecting and investing for the PGCS and NGC. The company is also a member of the PNG. They are also known to deal with Certified modern coins, American silver Eagles, Mercanti signed silver eagles, Graded rare coins and more. LCR coins have top quality customer services and one of the best in the precious metal industry. There is hardly any complaint about the customer service. But the pick of the bunch has to be the prices. You can get the best quality from LCR at great prices.
The company is also very customer friendly; they work very hard to ensure that the customer receives optimum satisfaction. This is why the company provides fast and free shipping for coin purchases for customers. If What you are looking for is a coin dealer that provides the best quality and affordable coins, LCR coins is one of the top available options. Now that we have laid the foundation for our review, lets dig deeper.
Our Rating Categories
Our review of LCR Coins will cover the following;
1. Product Range and Services
2. Pricing
3. Customer Care
4. Company Reliability
5. Customer Reviews
LCR Coin Review
LCR coins is a reliable, popular and well-known NGC and PCGS dealer with over 30 years of experience in collecting and investing the NGC and PCGS. The company also has a massive inventory of coins, both collectible and certified. They are known for their fair prices and amazing customer services.
The company allows you to be in total control of your IRA and diversify your portfolio using precious metals at any time. The company also provides a wide range of products, including gold bars, silver bars, platinum coins, platinum bars, Gold coins, silver coins and more. These are all stacked in the LCR coin inventory and come with a certificate of authenticity when you make a purchase.
Review of LCR Coin: Overall Rating: 3/5
LCR Coin Pros & Cons
Benefits
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Shipment is secured and there is an insurance on your shipment
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There is a variety of payment options
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Free tax for conversion of products into IRAs
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Wide range of products in their inventory to choose from
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Multiple storage vaults in multiple locations for you to pick and choose from
Disadvantages
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Shipping most times might take a while to arrive
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Compared to other precious metal dealers, LCR coin has a high shipping price
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Most users find their websites difficult to use, most especially when it comes to spot prices of coins
LCR Coin Review: Key Summary
Experience | LCR coins have been in the business for 30+ years and are well versed in the collecting and investing business. |
Website | The LCR coin website may be difficult to navigate for some users. |
Client education | |
Customer service | LCR coins provides its customers with excellent 24/7 customer service |
Available precious metals | LCR coins have a wIde range of precious metals available for you to purchase. Products range from Gold bars, silver bars, platinum coins, Platinum bars e.t.c |
Physical Storage | LCD coins have made multiple storage vault in different countries across the world. |
Other investments available | |
Annual Fees | Depends on the market value of assets. |
Trustpilot ratings | Five stars. |
Consumer Alliance rating | AAA |
Product Range and Services
LCR coins offer a wide range of products and services for you to choose from. These products are listed below.
- Gold bar
- Silver Bar
- Gold and silver coins
- Platinum bars and coins.
The services LCR coin offers include,
- New Coin Collecting Portfolios
- Portfolio Coin Collections
- Proof Gold and Silver
- Rare Coin Acquisitions
- Rare Coin Auction Consulting
- Rare Coin and Collection Liquidations
- Submitting Coins for Grading
- Certified Modern Coin Sets
- Estate Privacy and Liquidity
- Gold and Silver Bullion Bars and Coins
- IRA Gold and Silver Rollover Kits
- LegacyWealth
LCR Coin Gold IRA Services
LCR Coin Gold is dedicated to providing gold IRA services. The LCR Coin Gold IRA is an excellent way to diversify your retirement portfolio while protecting the value of your savings. It's also ideal for anyone who wants higher returns than they can get with traditional investments. The company has been in business for many years and has developed a solid reputation for providing high quality products and services to their customers.
The goal of LCR Coin Gold IRA is to help people obtain the most valuable investment they can make - gold. They offer three different types of products:
A physical gold IRA:
LCR Coins make buying and selling gold easy and convenient for their customers. They believe that everyone should have access to precious metals at an affordable price without having to go through the hassle of dealing with brokers or other middlemen.
A self-directed gold IRA account:
If you want to invest in gold and silver as retirement funds, then there are a number of different options available. One of the most popular ways of doing this is by investing through an IRA (Individual Retirement Account). This can be a great way for you to begin investing in precious metals because it allows you to avoid paying capital gains taxes on any profits made.
A self-directed silver IRA account:
The LCR COIN self-directed IRA allows you to invest in gold coins, bullion and other precious metals.
Pricing
When the conversation is about pricing, only a few bullion merchant's come close to LCR coins. You can buy rare coins, gold and silver at a great price and still get great value for your money. Payments can be made using credit cards like Visa, mastercard, discovery, American express and paypal.
LCR coin Gold IRA cost /fees
LCR coin gold IRA company is outstanding in many aspects. But the fees and charges take outstanding to a whole new level. First of all, the company keeps them low and pocket friendly. For example, insured shipping for products purchased is free. But you have the option of storing your precious metal in facilities provided by the company. If you decide to use the facilities provided by the company, you are obliged to pay a fee of $300 for six months. This fee is not as high as other companies in the world of precious metal.
Minimum investment
LCR coin Gold IRA is one of those IRAs without a specified figure for minimum investment. However, the company follows IRS regulation to the latter. This means the maximum investment which is $7,000 for persons aged 50 and older and $6,000 for person aged below 50.
Customer Care
Online surveys have confirmed that LCR coins have one of the best customer care services in the world of precious metals. Their customer agents are available 24/7 and can be contacted through mail and phone conversations.
Company Reliability
LCR coins has been in the business for 30+ years and have collected all types of rare coin and precious metals. The company has been able to maintain a high standard over the years and has consistently delivered quality services to their customers.
LCR coin Gold IRA company history and background
LCR coin was founded in Texas in 1987 by Louis Palafoutas. The company is heavily involved in the world of precious metals and is relied upon heavily by investors for information and fantastic pricing in the precious metal industry.
Customer Reviews
LCR coin gold IRA is highly rated by clients and investors in the precious metal industry. There is rarely a poor review about LCR coin Gold IRA. 98% of customers that have purchased from the company have rated the company 4 or 5-star rating.
LCR coin Gold IRA review: 3rd party review
LCR coin Gold IRA has been reviewed by numerous rated independent IRA review platforms and is mostly recommended to investors. With a rating of (4.8/5) stars on Trustpilot and a (5/5) rating on Sitejabber, LCR coin seems to be on the right path.
However, most custodians still do not rate the company highly and do not recommend it to potential investors. This is absolutely normal and happens in every industry. But most reviews tend to favour LCR coin Gold IRA which is a good sign.
Average star ratings
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BBB: A
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Trustpilot: 4.8/5
LCR Coin vs the competition
LCR Coin
Best Customer Reviews
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Gold, Silver, Platinum & Palladium
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$10,000
$5,000 non IRA
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80$
80$ Annually
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$100
Annually
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A+
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AAA
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None
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Gold & Silver IRA
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$25,000
$3,500 non IRA
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$50 + $30
$100 Admin Annually
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$150 Segregated
$100 Non Segregated
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A+
-
AAA
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Get 10% back in FREE silver
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Gold, Silver, Platinum & Palladium
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$50,000
$50,000 non IRA
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$50
$200 Admin Annually
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$125
Annually
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A+
-
AAA
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None
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Gold & Silver IRA
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$10,000
$2,500 non IRA
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$50
$180 Admin Annually
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Variable
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A+
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AA
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Free silver worth up to $5,000 on qualifying purchases
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Gold, Silver, Platinum & Palladium
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$10,000
$5,000 non IRA
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80$
80$ Annually
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$100
Annually
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A+
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AAA
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None
Alternatives to LCR Coin
If LCR coin Gold IRA is not what you're looking for, consider checking out the two alternatives below:
>>CLICK HERE to read our list of the top gold investing companies.<<
1. Alternative Augusta Precious Metals
Augusta Precious Metals may be an excellent provider for anyone investing in silver and gold IRAs. This company provides a wide selection of precious metal products and services with exceptional customer support. With the endorsement of the famous former Quarterback Joe Montana, Augusta Precious Metals has made its way to the top of the investment industry ladder. They provide reasonable fees for all their product package.
2. Alternative Goldco
Investments is a precious metal or gold IRA firm. It is based in Pasadena, California, and was created by two lifelong friends and financial services experts. They began the organization after seeing a good deal of profiteering and an absence of transparency in the valuable metals market.
How to invest in LCR Coin
As an investor, it is necessary to have 15% to 25% of gold investments. They have no minimum purchase requirements. LCR coins gives you a hundred percent control over your accounts. It also allows you to diversify your portfolio into different precious metal investments. LCR coins gold IRAs helps you to secure your wealth by storing precious metals in tax free retirement accounts. Working with a long distinguished financial company that you trust in these times of financial uncertainty is very essential to protect your assets. During the account creation process, you will be asked to provide the following personal details:
- First & Last Name
- Date of Birth
- Social Security Number
- Email Address
- IRA Account type
- Legal address details
- Phone details
- Fees and payment method preferences
Do We Recommend LCR Coin?
Finding the perfect precious metal company is an impossible task. There is none. But some companies have been able to maintain a high standard for a long period of time to ignore them. LR has delivered quality services to customers for three decades and are still going strong. There is rarely any poor customer review for LCR coins. It’s a difficult task finding one. LCR coins have built a strong reputation over the years, and that's why this writer recommends the company. However, the final decision to be made is yours.
Our Verdict : 3/5
LCR Coin's FAQs
What is the minimum investment for LCR coins?
The maximum investment for LCR coins is in line with the IRS regulations which is $7,000 for persons aged 50 and older and $6,000 for person aged below 50.
What type of precious metals should I have with LCR coins?
The choice of precious metals and rare coins you can have with LCR coins is decided by you.
What storage option do I have with LCR coins?
LCR coins have multiple storage vaults in multiple countries of the world.
When would I be qualified for the LCR Coin Gold IRA distributions?
You would qualify for the distributions if you are eligible for traditional IRAs and meet all of the other IRS requirements for IRAs (i.e., you are at least age 70½).
Is there a buyback program for LCR Coin Gold IRA?
No, there is no buyback program at this time.
Why would I need a custodian to handle precious metals in my LCR Coin Gold IRA?
The purpose of an IRA custodian is to hold your assets safely until they are needed, then distribute them as needed in accordance with IRS rules. In addition, many custodians offer storage services so that your precious metals can be stored safe while still being easily accessible when needed by knowing where they are located physically throughout time.
Does LCR coins buy coin?
Yes, LCR Coin buys rare coins, modern coins, and bullion whether raw or certified.