Welcome to my "Is Lincoln Coin and Bullion A Scam?" Review! (Updated for 2022!) If you buy and sell precious metals, like gold or silver, you might have come across a company by the name of Lincoln Coin and Bullion.
However, are you sure it’s a legitimate company? Or is it just another scam? Well, that's what we are about to find out in this Lincoln Coin & Bullion Review!
Without any further ado, let's get started.
Lincoln Coin and Bullion Review Quick Summary
Name: Lincoln Coin & Bullion
Website: lincolncoinandbullion.com
Founder: Scott Olson
Type: Precious metals dealer
Price: Depends on your budget
Rating: 3/5
What is Lincoln Coin and Bullion?
Lincoln Coin & Bullion is a company that buys and sells precious metals including gold, silver, and platinum, among others.
Lincoln Gold & Bullion was started in 2006 by Scott Olson (who happens to be the current owner). In addition, their headquarters is located in Lincoln, Nebraska.
How does Lincoln Coin and Bullion work?
Basically, the company deals in precious metals. This includes buying and selling Gold, Silver, Platinum and Palladium coins and bars. Furthermore, the company also sells collectibles on a buy-if-available basis.
Their detailed portfolio and list of products are listed on their website.
Does Lincoln Coin and Bullion offer IRAs?
However, the company does not offer IRAs as there’s no listing of the same on the website.
Can Lincoln Coin & Bullion buy my precious metals?
Yes. You can sell back to the company. Some gold trading companies do not offer buy-back services; however, it appears the company deals in both buying and selling of precious metals.
What I like about Lincoln Coin & Bullion
When it comes to precious metals companies, you can never be too sure what you are getting into. However, it appears Lincoln Gold & Bullion’s operations border on legit.
Their rating with the Better Business Bureau is an A+. Furthermore, it also appears that there are almost no complaints about the company.
What I don't like about Lincoln Coin & Bullion
Perhaps one grey area would be that there seems to be only one review from a real user about the company, whereas other similar companies might have hundreds and sometimes thousands of reviews about them.
Furthermore, the website fails to point out a few critical details:
- their stand on IRAs
- shipping policy
- countries they operate in
In conclusion, if you are doubtful about the legitimacy of Lincoln Gold & Bullion based on what you’ve just read, I might recommend you to check out Goldco.
In addition, you would want to invest in a transparent company with information about the legitimacy of the company from real users of the service.
Ratings and Reviews (Updated 2022)
I have looked for customer ratings and reviews of them online and I will list them down below.
At first glance it might seem that the high ratings would make this company the best in the business; however, you must take into consideration the number of reviews they have. Where are the reviews?
Pros and Cons
Pros
- Offers a wide range of precious metals
Cons
- No precious metals IRAs services
- Website lacks some information
- Not that many reviews available online
Alternatives
I have listed below some companies that you should check out before you decide which company to work with.
Furhermore, we highly recommend that you should check out these other companies, especially Goldco which is a highly rated company.
Is Lincoln Coin & Bullion A Scam
Based on the information we gathered, it appears Lincoln Coin & Bullion is not a scam. Furthermore, it has been around for over a decade now and so far there are no scam reports about it.
However, it appears to be little known as reviews from real users of the service are few and far in between. Obviously, it would be unfair to write them off, as there are simply no devastating cases that would cause doubt about their legitimacy.
All in all, if you are looking for a legit company offering similar services, you might want to check out Our recommended Precious Metals Dealer! In addition, there are numerous online discussions that prove the company is legitimate.
Thank you so much for reading my "Is Lincoln Coin & Bullion A Scam?" review! In addition, feel free to share your questions and comments below in the comment section!
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