Liberty Coin Service: Unique Highlights Overview
It is crucial for collectors and investors alike to establish a relationship with a coin dealer who is both experienced and respected. Over the course of more than half a century, Liberty Coin Service, which is located in Lansing, Michigan, has been recognized as one of the most prominent rare coin and precious metal dealers in the state.
Within the scope of this all-encompassing assessment, we look into the history, offerings, and reputation of Liberty Coin Service. We also provide insights into their leadership, product selection, pricing, and customer experiences.
Find the Best Gold IRA Company of Your State
You will be able to make more educated choices regarding your numismatic endeavors if you investigate the benefits, drawbacks, and distinctive features of Liberty Coin Service. This is true regardless of whether you are an experienced numismatist or your first time investing.
What is the Liberty Coin Service?
The coin dealer Liberty Coin Service is located in Lansing, Michigan, in the United States. The telephone number for their establishment is 517-351-4720, and their store can be found at 400 Frandor Avenue, Lansing, Michigan 48912.
They have been in operation since 1971 and assert that they are among the most significant dealers of rare coins and precious metals in the state of Michigan. Additionally, they are among the most prominent cash purchasers of dental gold, estate jewelry, diamond rings, and other precious metal products in the Lansing area.
You can learn the principles of numismatics and precious metal collecting from their website, which contains a Learning Center where they offer information.
However, their product range does not include a significant number of items that are suitable for the Individual Retirement Account (IRA). It might be more beneficial for you to go elsewhere if you are an investor for retirement.
In addition to providing precious metals, the organization also carries a large quantity of uncommon currencies through its inventory.
Who are the People Behind Liberty Coin Service?
In addition to being a journalist and a speaker, Patrick A. Heller hosts radio shows. In addition to being the proprietor of Liberty Coin Service, he is also the Executive Producer of the thriller “Alongside Night,” which is about the economy.
Several accolades have been bestowed on his radio program, which is titled Things You ‘Know’ That Just Aren’t So, as well as Important News You Need to Know.
In addition, he is responsible for writing the monthly newsletter of the company as well as the weekly columns that are published on NumismaticNews.net. In these columns, he discusses the current state of numismatics, precious metals, and the economic forecast.
Patrick has been featured in a number of prestigious publications, such as the Wall Street Journal and Fox Business News, as well as in a number of newspapers and radio stations situated in the state of Michigan.
CEO Thomas Coulson
When it comes to Liberty Coin Service, Thomas Coulson is not only a co-owner but also the CEO. In addition to having a high level of competence in numismatics, he is certified as a certified public accountant (CPA).
There are a number of numismatic organizations that Thomas is a member of, some of which include the American Numismatic Association, the Central States Numismatic Society, and the Michigan State Numismatic Society.
The “How to Collect” series of essays that he wrote and published on the LCS website can be seen here. In this article, they discuss the many fascinating ways in which one might collect different coin series.
Chief Numismatist Allan Beegle
Liberty Coin Service relies on Allan Beegle, who holds the position of Chief Numismatist. He started working at LCS in 1972, making him the first employee there, and he has spent the majority of his time there ever since.
After taking a few vacations from his studies at the university, Allan also worked for coin wholesalers in California for a period of two years.
For several years, he has been successful in establishing a vast network of dealers. To provide recommendations to the Director of the United States Mint, Allan Beegle has been a member of a committee consisting of board members from the Industry Council for Tangible Assets.
In addition, Allan is a member for life of the Central Numismatic Society, the American Numismatic Association, and the Michigan State Numismatic Society.
Does Liberty Coin Service Offer IRA Services?
Liberty Coin Service does not provide services related to gold Individual Retirement Accounts (IRAs). Their primary business focuses on the sale of bullion, coins, and currency, and they do not specialize in gold IRAs. While some products in their catalog might be eligible for inclusion in a gold IRA, Liberty Coin Service does not deal with these accounts directly and does not list any IRA custodians on their website.
For individuals interested in opening a gold IRA, it is necessary to work with an IRA custodian who specializes in precious metals. These custodians can help investors ensure that their investments comply with IRS regulations and are properly stored and managed. Liberty Coin Service’s offerings, although valuable for collectors and traditional investors, are not aligned with the specific requirements of gold IRA services.
What Products Can You Purchase at Liberty Coin Service?
The product catalog that LCS offers is quite appealing to the eye. The collection includes a large number of rare collectibles in addition to a large number of common bullion coins.
On the other hand, their product assortment includes a large number of items that are not IRAs, and they do not specialize in IRAs.
Therefore, if you are an investor in an individual retirement account (IRA), you should use extreme caution when making purchases online. When an investor purchases from a dealer who is not a specialist in the field, the situation can get quite problematic.
Because LCS offers such a wide variety of products that are not IRAs, it is difficult for me to suggest them to investors who have IRAs. Following the regulations of the Internal Revenue Service, adding things that are not allowed to your gold individual retirement account (IRA) might result in significant fines.
On the other side, if you are a numismatist or a collector of financial instruments, you may find that this location offers a wide variety of possibilities to select from:
Gold:
All of the most popular products are included in their gold bullion catalog, including the following:
- Vienna Philharmonic Orchestra
- Kangaroo with Gold from Australia
- The Gold Panda of China
- SA (South Africa) It is the American Gold Eagle Krugerrand.
- Maple Leaf, Canadian Gold, American Gold Buffalo, and Canadian Gold
- One hundred Coronas from Austria Switzerland Twenty Francs From Austria Ducat, one
- Additionally, you might come across Valcambi 50g Combibar and 1 ounce Gold Ingots in this location.
Silver:
The following items associated with silver bullion are available for purchase at Liberty Coin Service:
- America’s Silver Dollars
- Silver Round, 1 ounce –
- 90 percent of US junk silver coins
- U.S. Silver Eagle (American)
- The Leaf of the Canadian Silver Maple
- You may also purchase silver bars weighing 10 ounces and 100 ounces here.
Platinum:
The following products made of platinum bullion are available from them:
- An American Platinum Eagle ingot weighing one ounce of platinum.
- On the other hand, despite the fact that they claim to sell palladium products, their website does not contain any offerings of this metal.
Considering in light of the fact that palladium has become such a popular precious metal, the absence of palladium products can be quite disheartening for many investors. There is a large number of precious metals dealers who provide consumers with palladium items in addition to gold, silver, and platinum.
Currency:
If you are interested in collecting unusual currency notes, LCS has a selection that is satisfactory for you to choose from. They have several popular items, including:
Bank of De Soto, Nebraska, Issue Number: AU 1929, Issue Date: April 15th, 1859 First Wayne National Bank of Detroit, Michigan, Type 1, Number 10527, VF+ Costa Rica, 1901-14, Twenty Colones Note, Series D, CU 1899, First Wayne National Bank of Detroit, Michigan The FR#256, CH. VH35, PMG Silver Certificate is worth $2 total.
They can accommodate your preferences, regardless of whether you prefer international currency.
Coin
The company specializes in providing collector coins of varying rarities, and they are available for purchase. In light of this, it is possible to locate a Kentucky Token from the year 1792 in their collection, in addition to an 1810 Capped Bust Half Dollar.
You have the option of purchasing mixed foreign coins weighing one pound, five pounds, or ten pounds, in addition to purchasing certain rare coins.
Liberty Coin Service Fees and Pricing:
As far as I can tell, this precious metals broker does not provide any IRA services. So, there are no fees associated with using Liberty Coin Service.
Only the purchase and sale of rare goods and precious metals are the primary goals of this business corporation.
It is possible to obtain information regarding their prices by going to their Daily Quote website, which is where they post the most recent prices of their products. In addition, the corporation is rather open about its price, and the majority of it is disclosed alongside the lists of its products on the website.
What Do Liberty Coin Service Reviews Say?
Liberty Coin Service has received 4.6 stars out of a possible five stars on Trustpilot, in addition to 361 client reviews.
#1. I should have known better than to purchase the coin that I did. Following my request for a refund, they took care of the return of the currency and promptly reimbursed the money that I had paid. I enjoy doing business with firms that offer a guarantee on their product.
#2. In order to access my account, I was having some difficulties. The woman I spoke with was quite helpful, and she swiftly found a solution to the difficulty I was having. In order to ensure that there were no further issues, she even waited for me to log in before she did so. Her aid is very appreciated.
#3. I make frequent purchases from Liberty Coin, and I am always pleased with the results. When I buy from them directly, I have a more positive experience than when I make purchases from them through eBay. The amount of time it takes to get transported appears to be longer. They are very honest individuals, and they are on the phone as soon as you call the call center in India, but an actual person in the United States of America to assist you. Your stuff is available at a reasonable price, and they offer free shipping.
#4. I have been buying from you for about 6 months and it has been satisfactory. This is a typical price.
#5. Transaction that is uncomplicated and uncomplicated. In a very timely manner, the delivery was made. Completely packaged. Everything was precisely as it was described. Liberty Coin has never failed to meet my expectations.
Why aren’t There Many Liberty Coin Service Complaints?
Liberty Coin Service handles customer complaints through a well-structured approach designed to ensure effective resolution and maintain customer satisfaction. The process typically begins with the prompt acknowledgment of the complaint, where customers receive an immediate response to assure them that their issue is being taken seriously. This is crucial in establishing trust and sets the stage for effective communication.
Following the acknowledgment, the company conducts a detailed investigation to understand the specifics of the complaint. This investigation often involves reviewing transaction details, the conditions of the products involved, and any relevant communications with the customer. Such thoroughness helps identify the root causes and aids in crafting an appropriate solution tailored to the specific situation.
Once the assessment is complete, Liberty Coin Service offers a resolution that may include refunds, replacements, or other forms of compensation, depending on the nature of the issue and aligned with the company’s policies. The resolution is communicated to the customer, ensuring transparency and understanding.
A follow-up is typically conducted post-resolution to confirm that the customer is satisfied with the outcome and to ensure that the issue has been resolved to their satisfaction. This follow-up is a critical component of customer service, as it helps reinforce the relationship with the customer and demonstrates the company’s commitment to resolving issues comprehensively.
Additionally, Liberty Coin Service uses insights gained from each complaint to improve its services. This could involve adjusting operational procedures, enhancing staff training, or making changes to product quality controls. By learning from each customer interaction, the company continually enhances its service quality, aiming to reduce future complaints and increase customer satisfaction overall.
For customers needing to resolve issues or for more specific details on handling procedures, contacting Liberty Coin Service directly would provide personalized assistance and detailed information on their complaint resolution process.
Are There Any Liberty Coin Service Lawsuits?
No, there are no public records or reports of significant lawsuits involving Liberty Coin Service. This lack of legal disputes suggests that Liberty Coin Service maintains a strong reputation for fair business practices and customer satisfaction within the numismatic community.
The absence of lawsuits can often be indicative of a company’s commitment to resolving customer issues promptly and effectively before they escalate to legal action. Liberty Coin Service likely emphasizes transparent transactions, clear communication, and thorough customer service to prevent misunderstandings and grievances that could lead to legal challenges. Their long-standing presence in the industry, combined with a focus on client satisfaction, plays a crucial role in maintaining a lawsuit-free record.
Additionally, the coin industry, where disputes typically revolve around product authenticity and transaction integrity, demands high standards of product verification and customer interaction. Liberty Coin Service’s ability to avoid legal entanglements may also stem from their rigorous adherence to industry standards, ensuring that all items are accurately described and authentically sourced.
For collectors and investors considering Liberty Coin Service, the apparent absence of litigation offers an added layer of trust and security, allowing them to engage with the service knowing that they are dealing with a reputable and stable company. This reputation not only enhances customer confidence but also solidifies the company’s standing as a reliable dealer in the numismatic market.
Can You Trust Liberty Coin Service? Is Liberty Coin Service 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.
Liberty Coin Service Review Summary:
Liberty Coin Service, based in Lansing, Michigan since 1971, is a reputable dealer in the numismatic community, known for its extensive array of rare coins and precious metals. Throughout its history, Liberty Coin Service has become one of Michigan’s leading rare coin and precious metal dealers, making it a key player in the numismatic market. This firm is also a significant buyer of items like dental gold, estate jewelry, and diamond rings in its local area.
Specializing in both the purchase and sale of bullion, coins, and currency, Liberty Coin Service offers an educational approach through its Learning Center. This resource provides valuable insights into the fundamentals of numismatics and precious metal collecting, catering both to seasoned collectors and new enthusiasts. Although the company has a wide range of products suitable for various collectors and investors, it does not specialize in products intended for Individual Retirement Accounts (IRAs), nor does it offer related services such as IRA custodianship.
In conclusion, Liberty Coin Service stands out for its rich history, educational outreach, and strong leadership. The firm’s comprehensive approach to numismatics, combined with its commitment to customer service, makes it a reliable choice for anyone interested in the fields of rare coins and precious metals. Whether you are a novice to the world of collecting or a seasoned investor, Liberty Coin Service offers a wealth of opportunities to explore.
