Comprehensive Lincoln Coin Bullion Review: Trustworthy Investment?
Deciding on Lincoln Coin & Bullion for your investment requires a clear-eyed view. Our lincoln coin bullion review delivers exactly that – an honest reflection on their reputation, product authenticity, and customer service to inform your choice.
Key Takeaways
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Lincoln Coin & Bullion, established in 2006 by Scott Olson, specializes in buying and selling a variety of precious metals, offering appraisal services, and boasts over a decade of experience demonstrating commitment to customer satisfaction.
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The company has an A+ rating from the Better Business Bureau and a strong customer satisfaction score, with no known legal disputes or controversies, enhancing its reputation as a trustworthy investment option.
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While Lincoln Coin & Bullion offers a diverse range of products and expert appraisal services, it lacks Gold IRA options and detailed online pricing and fees information, which may affect investor decisions and turn them to look into gold IRA companies.
Overview of Lincoln Coin & Bullion
Established in 2006 by Scott Olson, Lincoln Coin & Bullion has carved a niche for itself in Lincoln, Nebraska, and the surrounding area. Scott Olson, an avid coin and bullion enthusiast, teamed up with Debbie Evans-Olson to turn his hobby into a successful business enterprise.
The company’s core services include buying and selling a wide range of precious metals, including gold, silver, platinum, palladium, and rhodium bars and coins. They also handle transactions involving gold scrap, sterling flatware, historic items, and rare and collectible coins, currency, and collectible paper money. If you’re looking to sell gold, this is the right place for you.
With over a decade of industry experience, Lincoln Coin & Bullion has consistently demonstrated commitment to its customers.
Company History and Founders
Scott Olson transitioned from a multifaceted career in music, corporate leadership, and civil engineering to pursue his passion for coins and bullion. His enthusiasm for coins and bullion became the driving force behind the establishment of Lincoln Coin & Bullion, leading to a successful business venture as a bullion dealer.
Debbie Evans-Olson, co-owner of Lincoln Coin & Bullion, leverages her wide-ranging experience from executive roles, including Haberfeld Associates and Vice President/Sales and Marketing Manager, to drive the business. Her experience in dealing with bullion bars and other precious metals significantly contributed to the company’s growth.
Core Services Offered
Beyond offering a diverse array of precious metals, Lincoln Coin & Bullion is distinguished by its steadfast commitment to authenticity. The company uses sophisticated equipment, like the Thermo Scientific XRF Analyzer, to guarantee the genuineness of the metal content in their coins, including:
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gold bullion
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silver bullion
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platinum bullion
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palladium bullion
Furthermore, Lincoln Coin & Bullion offers appraisal services for extensive collections and estates. This includes the assessment of both bullion and historic currency, at a rate of $135 per hour. Consultation services can also be sought for guidance on purchasing and selling a range of items, such as gold, silver, platinum, coins, paper money, bullion, scrap gold, sterling silver, and jewelry.
Reputation and Trustworthiness
The Better Business Bureau (BBB) has awarded Lincoln Coin & Bullion an A+ rating, underscoring its dedication to customer satisfaction and trustworthiness. This sterling reputation is further evidenced by the positive customer reviews and testimonials, indicating the company’s dedication to providing an exceptional service.
The company’s credibility is further enhanced by the fact that Lincoln Coin & Bullion has no known legal disputes or controversies. This contributes to its reputation as a reliable company.
Better Business Bureau Rating
An A+ rating from the Better Business Bureau signifies the organization’s faith in the business’s ability to provide reliable and high-quality customer service. This rating indicates a high level of customer satisfaction and trustworthiness, making Lincoln Coin & Bullion a trustworthy choice for customers.
The Better Business Bureau rating is determined based on various factors, such as the duration of the business’s operation and its handling of customer complaints. Lincoln Coin & Bullion’s A+ rating reflects its commitment to resolving customer complaints and maintaining transparency in its services.
Customer Reviews and Testimonials
The quality of a company’s service is often reflected in its customer satisfaction. Lincoln Coin & Bullion has been highly praised by customers, receiving a rating of 4.8 stars on Google+. Customers commend the company for:
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professionalism and meticulous service in evaluating and selling coins
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fairness in pricing
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the pleasant atmosphere of the shop
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the helpfulness of the staff
Aside from Google+, customer testimonials about Lincoln Coin & Bullion can also be found on other review platforms such as Yelp and BBB. These testimonials provide broader acknowledgment and validation of their services, demonstrating the company’s well-deserved positive reputation.
Products and Services Offered by Lincoln Coin & Bullion
Lincoln Coin & Bullion offers a diverse range of products and services, including:
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Gold bars and coins
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Silver bars and coins
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Platinum bars and coins
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Palladium bars and coins
With this diverse selection, Lincoln Coin & Bullion caters to a wide array of investment needs.
The company also provides appraisal services for large collections and estates, including both bullion and historic currency. This wide range of offerings ensures that customers can access a comprehensive portfolio of quality products and services, all under one roof.
Gold and Silver Bullion
Lincoln Coin & Bullion offers an extensive assortment of:
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gold bars and coins
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silver bars and coins
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platinum bars and coins
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palladium bars and coins
Their focus on a well-curated, high-quality inventory caters to their clientele’s diverse preferences and investment needs.
The company also employs state-of-the-art equipment, such as the Thermo Scientific XRF Analyzer, to authenticate the metal content of their coins and bullion, ensuring the quality and authenticity of their products.
The pricing of gold and silver bullion is determined based on the spot price, condition, and type of the metal, ensuring fair and competitive rates for both buyers and sellers involved in selling bullion.
Numismatic Coins and Collectibles
For numismatics enthusiasts and collectors, Lincoln Coin & Bullion provides a diverse selection of numismatic coins and collectibles, including foreign coins, historic and collectible coins, currency and bills, and high-demand items such as $5 FACE Bag of 35% Silver U.S. War Nickels, $500 1864 Confederate States of America Currency, and a variety of PCGS graded coins.
The company’s market expertise is leveraged to accurately appraise items, ensuring fair pricing and value for both buyers and sellers. For specific pricing details, customers can obtain them through L&C Coins, which offers a selection of rare, old collectible coins.
Appraisal and Consultation Services
Offering professional appraisal services for large collections and estates, including both bullion and historic currency, sets Lincoln Coin & Bullion apart from other organizations in the industry. The appraisals are carried out by certified professionals, ensuring a high level of trustworthiness.
In addition to appraisal services, the company also provides consultation services for quotes and appraisals of large collections and estates. These services add immense value for customers, providing them with expert guidance and insights for their precious metal investments.
Comparing Lincoln Coin & Bullion to Competitors
In addition to recognizing Lincoln Coin & Bullion’s unique market position, it’s also crucial to evaluate its standing relative to competitors. The company stands out for its appraisal services and strong reputation. However, it could improve in a few areas, such as Gold IRA options and detailed pricing information.
Its primary competitors include Asset Strategies International, Private Bullion, and Santos Capital Group. Despite the intense competition, Lincoln Coin & Bullion has managed to maintain its competitiveness in the market.
Gold IRA Options
A Gold IRA is a self-directed individual retirement account that allocates funds into physical gold and other precious metals, as opposed to conventional stocks and bonds. While most bullion and coin companies provide Gold IRA options, Lincoln Coin & Bullion specializes in precious metals IRAs, particularly gold IRAs, and does not offer this service.
This could be seen as a drawback for certain investors, especially those who are looking to diversify their portfolio with physical gold and other precious metals. However, the company’s wide range of other services and products may still make it an attractive option for many.
Pricing and Fees
One area where Lincoln Coin & Bullion could improve is in providing more detailed information about pricing and fees on their website. While competitors such as JM Bullion and SD Bullion provide clear information about their pricing and fees, Lincoln Coin & Bullion does not provide this level of detail.
However, the company does offer discounts for payments made by cash, check, or bank wire, and accepts various forms of payment including debit card, credit card, and wire transfer. Despite the absence of detailed pricing information, it is suggested that Lincoln Coin & Bullion offers competitive pricing.
Customer Support and Online Presence
Lincoln Coin & Bullion maintains an accessible, information-rich website featuring real-time spot prices for precious metals and a comprehensive FAQ section addressing common inquiries, thereby enhancing its online presence and customer support. However, their customer support channels could use some expansion.
While they do offer phone and email support, their staff is available only by appointment for in-person consultations. This may pose some inconvenience for customers who prefer face-to-face interaction or require immediate assistance.
Website Usability and Information
The Lincoln Coin & Bullion website provides:
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A concise and quality selection of on-hand bullion inventory
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Services for purchasing bullion
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Tools for trading precious metals
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Coin grading services
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Counterfeit detection services
The website, being one of the internet’s leading business directories, also includes an FAQ section that addresses common queries, including sales tax reporting and the reporting of purchases or sales to the government. However, the website lacks information on shipping policies and the countries they operate in, which could be a potential area for improvement.
Customer Support Channels
Customers can contact Lincoln Coin & Bullion for support primarily through two channels: by calling or by sending an email. However, their staff is available only by appointment, which may not be convenient for all customers, especially those who require immediate assistance.
It’s worth noting that while the company could benefit from expanding its customer support channels, its commitment to providing high-quality products and services, coupled with its strong reputation, largely compensates for this shortcoming.
Pros and Cons of Choosing Lincoln Coin & Bullion
Opting for Lincoln Coin & Bullion presents a blend of benefits and potential drawbacks. On the positive side, the company offers a focused, high-quality range of inventory, and is a small family-owned business with top ratings from the BBB and BCA.
However, there are some drawbacks to investing in this company:
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The hybrid nature of their coins may cause confusion between bullion investment and numismatic potential.
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The company does not offer Gold IRA options, which could be a drawback for certain investors.
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The absence of comprehensive pricing information may also hinder customers’ ability to make well-informed investment decisions.
Summary
In conclusion, Lincoln Coin & Bullion has proven itself to be a trustworthy and reliable company in the precious metals market. With a strong reputation backed by an A+ rating from the BBB, positive customer reviews, and a wide range of high-quality products and services, it stands out as a strong contender in the market. However, the company could further enhance its competitiveness by offering Gold IRA options and providing more detailed pricing information on its website.
Frequently Asked Questions
What is the significance of an A+ rating from the Better Business Bureau?
An A+ rating from the Better Business Bureau signifies the organization’s confidence in the business’s customer service and reliability. It reflects positively on the business’s reputation and trustworthiness.
What types of precious metals and items are available for purchase or sale through Lincoln Coin & Bullion?
At Lincoln Coin & Bullion, you can purchase or sell a variety of precious metals including gold, silver, platinum, palladium, and rhodium bars and coins, as well as gold scrap, sterling flatware, and historic items.
How does the pricing and fee structure of Lincoln Coin & Bullion compare to that of its primary competitors?
Lincoln Coin & Bullion offers competitive pricing and fees compared to its primary competitors.
Does Lincoln Coin & Bullion offer Gold IRA services?
No, Lincoln Coin & Bullion does not offer Gold IRA services or list custodians on their website.
What are the available methods for contacting customer support at Lincoln Coin & Bullion?
You can contact the customer support team at Lincoln Coin & Bullion by phone at 402.327.2853 or via email at info@lincolncoinandbullion.com.
