Legacy Coins Review – Safe or Investment Scam?
Read our full review on this gold company
The best about Legacy Coins
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Provides a simple method for establishing a self-directed IRA and buying rare metals.
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In the investment market, coin quality is unmatched and unequaled.
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You can buy coins in a variety of amounts, enabling you to make wise long-term investments.
Ready to Protect Your Retirement Savings?
Legacy CoinsBefore we get started with this review:
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Legacy Coins Review
Legacy Coins Gold IRA is a company that specializes in helping individuals invest in precious metals, particularly gold, and silver, through Individual Retirement Accounts (IRAs). Legacy Coins are gold and silver bullion coins produced by the Royal Canadian Mint. They are available in various denominations, including 1 oz, ½ oz, ¼ oz, and 1/10th oz gold coins. Legacy coins are made out of 24-karat gold, a very high standard of purity. Legacy coins have been in circulation for more than 40 years, making them one of the most trusted bullion products on the market today. If you believe that precious metals will become more stable over time, then investing in legacy coins at RBIShop could be one of your best investments.
Legacy Coins Gold IRA offers a range of precious metal products for IRA investment, including gold, silver, platinum, and palladium coins and bars from various mints and refineries around the world. The company also provides educational resources and guidance to help individuals make informed investment decisions.
In addition to IRA investment, Legacy Coins Gold IRA also offers direct purchase of precious metals for personal investment purposes. The company prides itself on offering competitive pricing, transparent transactions, and exceptional customer service.
Our Rating categories:
- Product range and Services
- Pricing
- Customer care
- Company reliability
- Customer reviews
Legacy Coins Review: Our Verdict #39
Legacy coins are an excellent way to make intelligent long-term investments. Legacy coins are rated based on the quality, purity, and price of the gold and silver used. The mint produces some of the world's most OK legal tender coins. It is, therefore, a very safe company to invest your precious metals in for the long term.
Review Of Legacy Coins: Overall Rating: 3/5
Legacy Coins Pros & Cons
Benefits
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Coin value rises as more people invest in precious metals.
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Legacy coins are very safe stores of wealth.
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Legacy coins issued by the Royal Canadian Mint come in guaranteed purity.
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Coin quality is unrivaled and unparalleled in the investment industry.
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Legacy coins are backed by one of the world's best minting facilities which guarantees that your money is safe from counterfeiting.
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One can buy Legacy coins with a credit card at RBIShop.
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Multiple coin denominations are available for purchase, allowing you to make smart long-term investments.
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Legacy Coins Gold IRA specializes in helping investors add physical precious metals to their retirement portfolios, which can provide diversification and protection against market volatility.
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They offer multiple IRA-approved gold and silver coins and bullion, including American Eagles, Canadian Maple Leafs, and South African Krugerrands.
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Legacy Coins Gold IRA provides a straightforward process for opening a self-directed IRA and purchasing precious metals. They also offer custodial services to help investors store their metals securely.
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The company has a solid reputation in the industry, with many positive customer reviews and ratings.
Disadvantages
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Legacy Coins Gold IRA charges higher fees than some other IRA custodians and precious metals dealers, which can eat into returns over time.
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The company does not provide as much educational material on its website as some competitors, which could be a drawback for investors new to the precious metals market.
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Canada's legacy coin value is less liquid than others because they are only available in small quantities at RBIShop.
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Legacy coins are not legal tender. So it makes them investment products that can be difficult to sell due to the need for a willing buyer.
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Packaging may be damaged in transit and the damages caused upset too many who want to keep their investment products in perfect condition.
Legacy Coins Review: Key Summary
| Experience | It has over 40 years of experience in business |
| Website | At the time of writing, their website is not available but to access their website click here. |
| Client Education | Because their website is not accessible at the moment, we can’t tell if they offer educational materials there. Yet, if you want to know more about them click here. |
| Customer Service | Their customer service team is second to none. They're always available to answer any questions that their customers may have and help them find the perfect product for their needs. |
| Available Precious Metals Offer | Precious metals available in their stores include: Gold coins, Silver coins, Platinum coins, Gold bars, Silver bars and Platinum bars |
| Physical Storage | They offer storage through Citadel Global Depository Services. |
| Other Investments Available | Other investments options available in their catalog are premade portfolios, rhodium and copper |
| Annual Fees | They offer a low annual fee. Their storage fee usually starts at $82 per year. |
| Trust link Rating | 5.0/5 |
| Consumer Alliance Rating | AAA |
The Bottom Line
Legacy Coins Gold IRA trades a large selection of precious metals and offers its customers direct storage alternatives. They also provide premade portfolios for new clients to help them make swift decisions about their physical metal investments.
Product Range and Services
Legacy coins are rated based on the quality, purity, and price of the gold and silver used. The mint also produces some of the world's most OK legal tender coins. It is, therefore, a very safe product to invest in for the long term. They are recommended for serious investors in gold, silver, or platinum bullion coins. This is particularly so if you believe these precious metals will be a good store of wealth in the future.
Legacy Coins Gold IRA Services
Legacy Coins Gold IRA offers services ranging from Gold IRA, Silver IRA, 401 (k) Rollover, Traditional and Roth Planning, SEP IRA Planning, Simple IRA planning, etc. The obverse of each coin features a portrait of Queen Elizabeth II, the reigning Canadian monarch. The coins' reverse shows a stylized sailing ship, the HMS Ernestown, with its sails in different positions to signify the passage of time and wind power.
Legacy Coins are legal tender in Canada and are mainly used to pay for goods and services, just like other Canadian coins. They do not, however, have the legal status that banknotes and polymer (plastic) banknotes have in Canada.
Pricing
Legacy Coins Gold IRA gives you great value for your money. However, their prices are slightly higher than those of other business rivals. The favorable aspect of their services is that their buyback rates and direct storage options are among the best in the industry if you wish to trade.
Legacy Coins Gold IRA costs / fees
RBIShop charges $10.00 shipping on international orders of up to 1 oz and $9.00 shipping on all other international orders. For customers in Canada, RBIShop charges a flat $5.95 shipping fee on all orders. The face value of the coins includes applicable federal and provincial taxes.
Minimum investment
The least amount of gold you can acquire as a private investor is one (1) gram.
Customer Care
Legacy Coins Gold IRA delivers customized service and client education. You can also contact their customer service agents via the phone number, live chat, and email address. Their service representatives are duly responsive and attentive to your complaints.
You can reach them through their phone number at +1 516-470-1973 during their business hours. You can also reach them through their address at Legacy Coins 1 Dupont St Suite 204, Plainview, NY 11803, United States.
Legacy Coins Gold IRA Educational materials
Legacy Coins Gold IRA does provide some educational material on its website, including a blog with articles on topics such as gold and silver investing, retirement planning, and market analysis.
However, the educational resources are somewhat limited compared to other companies in the industry. Investors may need to seek out additional information from other sources to make informed investment decisions. You can check their "about us" section for more information.
Company Reliability
Legacy coins have been in circulation and used by investors for more than 40 years, making them one of the most popular products from Canada's mint. On top of this, the Royal Canadian Mint is Canada's most advanced coin-making facility and among the finest in the world.
Legacy Coins Gold IRA Company history and background
Legacy Coins are made by the Royal Canadian Mint, one of the world's largest and most technologically advanced facilities for minting coins. Their gold is 99.99% pure – or 24-karat gold. This purity makes Legacy coins one of the highest purity levels for any widely traded bullion coin worldwide.
Legacy Coins are like other gold and silver bullion coins: they cannot be used as legal tender currency in Canada, as there is no cash value to them.
Customer Reviews
According to our findings from real customer reviews, compared to other companies, clients highly rate Legacy Coins Gold IRA for its amazing offers. On the Yelp review site, the corporation presently has 996 reviews. From those reviews, most clients appear satisfied with their transactions and revealed satisfaction by granting the corporation high scores on the review site.
Legacy Coins Gold IRA independent 3rd party customer reviews
Legacy Coins Gold IRA bags an A + Rating from the BBB (Better Business Bureau), an AAA Rating from BCA (Business Consumer Alliance), and another A + Rating from Scam Report. Also, as of August 7th, 2022, their Facebook platform has a 5.0/5-star rating from the impression of 294 persons.
Average star ratings
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BBB: A+
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BCA:AAA
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Scam Report: A+
Legacy Coins vs the competition
Money Metals Exchange
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+
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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+
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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 Legacy Coins
If Legacy Coins Gold IRA is simply too “expensive” for you, consider the two cheaper alternatives below:
>>CLICK HERE to read our list of the top gold investing companies.<<
Alternative “Augusta Precious Metals”
Augusta Precious Metals intends for customers to retire comfortably by assisting them in including material silver and gold in their retirement conservations, which enables them to modify and teeter against the unfavorable impacts of the economy upon the fluctuating price of the dollar.
Alternative “GoldCo”
Goldco is a precious metals IRA company that specializes in helping individuals invest in gold, silver, platinum, and palladium. The company was founded in 2006 and is headquartered in Woodland Hills, California.
Goldco offers a range of IRA accounts, including traditional, Roth, SEP, and Simple IRA accounts, as well as non-IRA accounts for individuals looking to invest in precious metals outside of a retirement account. The company also offers storage solutions for customers' precious metal holdings, including segregated storage options.
Goldco's investment process involves working with each customer to determine their investment goals and risk tolerance, and then recommending a customized portfolio of precious metals. The company works with a network of trusted precious metals suppliers and custodians to ensure that customers receive high-quality metals that are safely stored.
Goldco has received numerous positive reviews from customers, who appreciate the company's personalized service and transparent approach to investing in precious metals. The company has also been recognized by industry publications such as Inc. 5000 and Forbes for its growth and success in the precious metals IRA market.
How to invest in Legacy Coins
To invest in Legacy Coins Gold IRA visit their website or call them on the phone for guidance. You can also visit the at their address at Legacy Coin, 1 Dupont St Suite 204, Plainview, NY 11803, United States
Do We Recommend Legacy Coins?
Although there is no perfect precious metals enterprise, we have discovered in this Legacy Coins Gold IRA review that Legacy Coins Gold IRA is real. You may discover different alternatives that give you fairer bargains. Still, it depends on your choice and satisfaction with such a company.
Our Verdict : 3/5
Legacy Coins' FAQs
What is the minimum investment for Legacy Coins Gold IRA Precious Metals Gold IRA?
The minimum investment for Legacy Coins Gold IRA Precious Metals Gold IRA is 10,000 dollars.
What type of metals should I have with my Legacy Coins Gold IRA?
Your choice of precious metals is up to you. You can choose to have gold, platinum, silver, palladium precious metals, or even copper and rhodium metals in your Legacy Coins Gold IRA.
When would I be qualified for the Legacy Coins Gold IRA distributions?
Currently, to qualify for the Legacy Coins Gold IRA distribution, the minimum age is 59 and a half.
Is there a buyback program for Legacy Coins Gold IRA?
Yes. Legacy Coins Gold IRA provides you with an accurate and updated rate than any custodian could give.
What storage options do I have with Legacy Coins Gold IRA?
Legacy Coins Gold IRA provides storage options including; Delaware depository, International depository service group, Dakota depository, CNT depository, and Loomis international.
Legacy Coins Gold IRA provides storage options including; Delaware depository, International depository service group, Dakota depository, CNT depository, and Loomis international.
Specialized custodians are required to handle the precious metal because self-directed IRAs give room to investment beyond publicly traded assets like bonds, funds, and stocks.
Who is the custodian of Legacy Coins Gold IRA Precious Metals Gold IRA?
The custodian of Legacy Coins Gold IRA precious metals gold IRA is New Direction Trust company.
How long will it take to roll over my IRA to the Legacy Coins Gold IRAs Precious metals Gold IRA?
Rollover your IRA to the Legacy Coins Gold IRA precious metals gold IRA may take at least one day and at most an average of two weeks if any accidents occur.
