Lincoln Coin & Bullion: Unique Highlights Overview
With more than ten years of expertise in Lincoln, Nebraska, Lincoln Coin & Bullion is a seasoned participant in the precious metals investment market.
This respectable dealer, who specializes in the purchase and sale of gold, silver, platinum, and collectibles, has connections to prestigious trade associations including the American Numismatic Association and the Industry Council for Tangible Assets.
They are a significant player in the precious metals market due to their wide range of IRA-eligible bullion, even though they do not directly provide IRA services. Come along as we examine Lincoln Coin & Bullion’s services, costs, and client testimonials to offer guidance for your investing endeavors.
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What is the Lincoln Coin & Bullion?
Lincoln, Nebraska is home to Lincoln Coin & Bullion, a coin dealer. Their number is 402-327-2853, and their address is 3534 S 48th St #4, Lincoln, NE 68506.
They specialize in purchasing and selling collectibles as well as goods made of gold, silver, and platinum.
The business was established in 2006, and in 2019, its ownership changed.
They are members of the American Numismatic Association and the Industry Council for Tangible Assets. The business provides conversation calls to new customers to assist them in selecting the items that best suit their needs.
Additionally, the business states on its website that a large portion of its product line consists of bullion that is suitable for an IRA. They list Jones Bank in Seward, Nebraska as a well-liked service provider among their clientele, despite the fact that they make no mention of custody partners.
The business also provides appraisal services for sizable collections. The employees of Lincoln Coin & Bullion may also travel off-site, depending on availability and location.
Additionally, the business has made significant investments in technical testing to guarantee that its clients receive authentic material. Their Thermo Scientific XRF Analyzer can identify a substance’s elemental makeup in a matter of seconds.
They also have two ultrasonic thickness gauges and a Sigma tester. The business uses this equipment to identify and stop fake items from getting into its inventory.
Who are the People Behind Lincoln Coin & Bullion?
Formed in 2006, Lincoln Coin & Bullion was initially established by Scott and Deb Olson. After some time had passed, in 2019, Pat and Jennifer Moran purchased the company.
Pat has been in charge of the company ever since it was acquired, and Scott and Deb have been providing their support on occasion in order to aid the LCB team in obtaining answers to certain problems.
The business emphasizes that the experience they have gained from managing LCB for fourteen years has contributed to their consistent growth.
Per the information provided on his LinkedIn profile, Scott Olson holds a degree in Accounting from Minnesota State University Moorhead, where he received his education.
Does Lincoln Coin & Bullion Offer IRA Services?
In spite of the fact that Lincoln Coin & Bullion does not claim to provide any IRA services to its customers, the company’s product assortment includes a large number of items that are suitable for IRAs.
This means that you are unable to open a gold individual retirement account (IRA) with them because they do not have partnerships with any IRA custodians.
In addition, their product assortment includes a large number of non-IRA products, which makes it impossible for you to include them in your gold IRA portfolio.
What Products Can You Purchase at Lincoln Coin & Bullion?
The choice of products offered by the organization is satisfactory. The vast majority of the most popular bullion goods, including gold, silver, and platinum, may be found in this location.
On its website, the corporation provides access to both the Spot Price and the premium for each and every product. In light of the fact that many merchants in precious metals do not provide information of this nature, this is very noteworthy.
Gold:
The following are some of the most notable gold products that can be found in their catalog:
- South African Krugerrand
- American Gold Eagle
- Canadian Gold Maple Leaf
- British Gold Britannia
- American Gold Buffalo
Also, they offer various gold bars such as 1 oz Royal Canadian Mint bars and 10 oz Gold Valcambi Suisse bars.
Silver Products:
Their silver collection includes:
- American Silver Eagle
- Australian Silver Kangaroo
- Canadian Silver Maple Leaf
- Austrian Silver Philharmonic
- British Silver Britannia
They offer silver bars of various weights running from 1 kg to 1 oz. You would also find face bags of 90% Silver Dimes, Silver Quarters, and Silver Half Dollars of various values.
Platinum Products:
Their platinum selection features the following:
- Austrian Platinum Philharmonic
- Canadian Platinum Maple Leaf
- Australian Platinum Kangaroo
- American Platinum Eagle
Also, you would find American Palladium Eagle and Palladium Assorted Bars along with the platinum products.
Collectible Products:
Apart from bullion products, Lincoln Coin & Bullion offers an impressive selection of collectibles. Some prominent products available in that selection are:
- Morgan Dollars
- Peace Dollars
- Steel Cents
- Buffalo Nickels
- Silver Certificates
- US War Nickels
Lincoln Coin & Bullion Fees and Pricing:
Due to the fact that Lincoln Coin & Bullion does not provide any IRA services, there are no costs associated with them. The purchases and sales of collectibles and precious metals are the primary areas of concentration for the company.
Appraisal services for huge collections are available here for a price, and you can make use of them. If you do not want to sell, you will be required to pay $115 per hour (the first half-hour is free), whereas those who intend to sell will receive line-iterated estimates.
They are also able to provide you with a price over the phone if the majority of your possessions are bullion.
Their criteria for a minimum purchase is one thousand dollars. However, there are no shipping fees associated with the company’s products.
With a thirty percent down payment, new customers have the ability to reserve items and/or lock spot prices on purchases, while returning customers have the option to do so over the phone using the same method.
Cash and checks are also acceptable forms of payment for the company. Nevertheless, individuals who pay using debit or credit cards would be required to pay an extra fee of 1.5% and 3%, respectively, for the payment method that they choose to use. They also accept payments using PayPal, which is a payment option that includes cryptocurrency.
What Do Lincoln Coin & Bullion Reviews Say?
#1. There were some coins that I worked on directly with Pat. At Lincoln Coin & Bullion, we just do not have enough positive things to say. They demonstrated an extraordinary level of thoroughness and knowledge, and most importantly, they were honest. Nothing else would be acceptable to me. I strongly suggest it.
#2. My first visit, was to have some coins that my mother owned appraised. If you are looking for coin appraisals, I discovered Lincoln Coin & Bullion and would strongly recommend them to you. The personnel was highly professional, and I had a pleasant experience interacting with them. Owing to the COVID, I had to make an appointment, and the workers donned masks. I would give them five stars.
#3. I was seeking a place that would provide me with a reasonable price for the coins that belonged to my parents when they passed away, and Lincoln Coin & Bullion was fantastic and put me at ease from the very first phone contact. Following some independent investigation, I went to meet with Pat, and he ended up giving me a greater amount of money for my coins than
I had anticipated. In addition to making me an offer, he would also inform me of the price at which he would sell the coins he was interested in selling. The entire process was enjoyable, and I gained a lot of knowledge.
My coin collection and a few pieces of jewelry were among the items that I decided to sell to him since I was sufficiently impressed. In my opinion, Lincoln Coin and Bullion is an excellent choice. A. Westing, Duane.
Why aren’t There Many Lincoln Coin & Bullion Complaints?
Lincoln Coin & Bullion, a trusted dealer in precious metals, is committed to resolving customer complaints effectively and professionally, maintaining their reputation for excellent customer service. Here’s a detailed look at their process for handling and resolving complaints:
1. Immediate Acknowledgment: Upon receiving a customer complaint, Lincoln Coin & Bullion promptly acknowledge it. This immediate recognition is crucial as it reassures the customer that their concern is being taken seriously. Prompt acknowledgment prevents customers from feeling ignored and helps set a cooperative tone for resolving the issue.
2. Thorough Investigation: Following acknowledgment, Lincoln Coin & Bullion conducts a thorough investigation into the complaint. This step involves reviewing all relevant transaction details, communication records, and any other documentation related to the issue. The purpose of this investigation is to gather a complete understanding of the circumstances surrounding the complaint, ensuring that any decisions made are informed and fair.
3. Resolution Proposal: Based on the findings from the investigation, Lincoln Coin & Bullion proposes a resolution to the customer. The resolution is chosen with the aim of fairly addressing the customer’s concerns while also considering the company’s policies. Common resolutions might include refunds, product exchanges, or other compensatory actions. The company strives to offer solutions that restore and maintain customer satisfaction and trust.
4. Clear Communication: Throughout the complaint resolution process, clear and open communication is maintained with the customer. Lincoln Coin & Bullion ensures that all aspects of the complaint and the proposed resolutions are explained in detail. This transparency helps to build trust and confirms to the customer that their complaint is being handled with care and attention.
5. Follow-Up Actions: After the resolution is implemented, Lincoln Coin & Bullion conducts follow-ups with the customer to ensure that the solution has been satisfactory and that the issue has been resolved to their satisfaction. This follow-up is vital for maintaining a positive relationship with the customer and for ensuring ongoing satisfaction.
6. Continuous Improvement: Feedback received through the complaint resolution process is used for continuous improvement. Lincoln Coin & Bullion analyzes each complaint to identify any patterns or recurring issues that could be addressed to improve service quality. This proactive approach not only helps prevent future complaints but also contributes to the company’s ongoing commitment to excellence.
7. Staff Training: To ensure high standards of customer service are upheld, the staff at Lincoln Coin & Bullion receive regular training on effective complaint handling and customer service best practices. Empowering employees with the skills and knowledge to deal with complaints effectively ensures consistency in the company’s customer service approach.
Lincoln Coin & Bullion’s methodical approach to complaint resolution highlights their dedication to customer satisfaction and trust. By adhering to these procedures, they continue to uphold their reputation as a reliable and customer-focused precious metals dealer.
Are There Any Lincoln Coin & Bullion Lawsuits?
No, there are no widely reported lawsuits involving Lincoln Coin & Bullion. This absence of legal disputes suggests that Lincoln Coin & Bullion maintains a solid reputation for customer service and business practices. The company’s approach to resolving customer complaints effectively and its commitment to transparency likely contribute to this clean legal record.
By addressing issues proactively and maintaining clear communication with customers, Lincoln Coin & Bullion helps prevent disputes from escalating to the point of legal action. This focus on customer satisfaction and ethical business conduct appears to be effective in maintaining a trustworthy and reliable operation.
Can You Trust Lincoln Coin & Bullion? Is Lincoln Coin & Bullion Legit?
Yes,
They are reputable gold dealers with vast experience.
Before working with a precious metals company, do your research.
Here are some tips to ensure a gold IRA company’s legality:
Tip #1: Check Their Regulatory Compliance and Accreditation
Check for proper licensing and registration with relevant financial regulatory bodies such as the Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA).
Verify the company’s accreditation with industry organizations like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).
It will help you check how credible they are.
Tip #2: Look into The Company’s Background
- Research the company’s history, including years in business and any name changes.
- Examine the Better Business Bureau (BBB) rating and accreditation status.
- Review customer feedback on reputable third-party review sites like Trustpilot or Consumer Affairs.
Tip #3: Does the Company Offer Good Resources?
- Assess the clarity of information provided about fees, storage options, and buyback policies.
- Evaluate the quality and depth of educational resources offered to investors.
- Verify that the company provides clear information about IRS regulations regarding precious metals IRAs.
Tip #4: What are Their Product Offerings and Pricing?
- Ensure the company offers IRS-approved precious metals for IRA investments.
- Compare pricing with other reputable dealers to ensure competitiveness.
- Be wary of companies pushing numismatic or collectible coins over bullion for IRA investments.
Tip #5: Confirm the Storage and Custodian Partnerships
Verify that the company works with IRS-approved custodians and secure storage facilities. According to IRS’ regulations, you cannot store your gold IRA’s precious metals at your home.
You’ll need a certified third-party storage provider.
Check the company’s storage and custodian partner to ensure you’re working with a reliable firm. Moreover, ensure they offer segregated storage options for your precious metals.
Segregated storage means your owned precious metals products will be stored separately from other investors’ possessions. Similarly, non-segregated storage means your products will be stored along with others.
Keep in mind that storage providers charge extra for segregated storage.
Some popular custodians include Equity Trust and Goldstar Trust.
Red Flags to Watch For in Gold IRA Companies
- Promises of guaranteed returns or claims of “secret” investment strategies.
- Pressure to act immediately or make large investments without proper consideration.
- Lack of physical address or unclear company ownership structure.
- Unwillingness to provide detailed information about fees or policies in writing.
By thoroughly evaluating these aspects, investors can make an informed decision about the legitimacy and reliability of a gold IRA company. It’s crucial to conduct due diligence and, if necessary, consult with a financial advisor before making any investment decisions.
Lincoln Coin & Bullion Review Summary:
Lincoln Coin & Bullion, a prominent name in the precious metals market, is celebrated for its robust expertise and integrity. Nestled in Lincoln, Nebraska, this dealer has over a decade of experience in trading gold, silver, platinum, and a variety of collectibles. Known for their adherence to high standards, they are affiliated with respected organizations like the American Numismatic Association and the Industry Council for Tangible Assets, which underscores their credibility in the field.
While primarily engaged in the buying and selling of precious metals, Lincoln Coin & Bullion also offers a significant selection of IRA-eligible bullion products. However, it’s important to note that they do not provide direct IRA services but do facilitate the purchase of suitable products for such investments. Their commitment to customer education and satisfaction is evident in their provision of consultative calls to new customers, helping them choose the best products for their needs.
The firm’s emphasis on authenticity and quality is paramount, with advanced technological measures in place, such as the Thermo Scientific XRF Analyzer, to ensure the authenticity of their offerings. This dedication to preventing counterfeit items from entering their stock is a testament to their high operational standards.
Moreover, the ownership of Lincoln Coin & Bullion transitioned in 2019 to Pat and Jennifer Moran, who continue to uphold the company’s legacy of trust and expertise. The experience of the founders, combined with the new owners’ fresh perspective, contributes to the company’s ongoing growth and popularity among collectors and investors alike.
In conclusion, Lincoln Coin & Bullion remains a trusted and knowledgeable entity in the precious metals market, offering a range of products that cater to collectors and investors. Their comprehensive services, focus on customer education, and rigorous standards for product quality make them a reliable choice for anyone looking to invest in precious metals.
