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Lear Capital Company Review

    Summary: NOT RECOMMENDED – due to a large number of customer complaints filed with both Better Business Bureau and Business Consumer Alliance. Does not offer bullion.


    Lear Capital
    Official Websitewww.LearCapital.com
    Phone Support1-800-576-9355
    BBB Accredited RatingA+
    BCA Accredited RatingAAA
    BBB Complaints23
    BCA Complaints39
    Total Complaints62
    TrustLink Reviews
    based on 209 reviews
    IRA Transfer Process5-30 Business Days
    401(K) Rollover Process30+ Business Days
    Metals Delivery14 days
    Setup Fees$275
    Annual Admin Fees$100
    Annual Storage Fees$150
    Preferred CustodianSelf-Directed IRA Services
    Preferred DepositoryDelaware Depository
    Min Purchase Amount$10,000
    Physical IRA Application
    Digital IRA Application
    U.S. Mint Listed Dealer
    ICTA Membership
    Norton Secured

    Lear Capital About & Background

    Lear Capital, Inc. is based in Los Angeles, CA and was founded in 1997. Lear Capital sells precious metals including gold, silver, palladium and platinum.  They also offer IRA rollover services. Lear Capital offers several different coins, including American Eagle and Canadian Maple Leaf.

    Lear Capital TrustLink reviews

    Rated 4/5 on TrustLink with a total of 200+ reviews. What’s TrustLink? Founded by the Better Business Bureau in 2008, TrustLink is a forum for consumer compliments and complaints. They uses redundant fact-checking systems so that consumers can depend on the quality of posted ratings and reviews. Consumer reviews are posted without editing and consumers can see exactly what other consumers think about companies. Unlike other online review portals no business can pay for a rating or post their own reviews.Using these practices, TrustLink has quickly become one of the most trusted sites on the web.

    Lear Capital BBB (Better Business Bureau) review

    No longer accredited by the Better Business .

    When Lear Capital, Inc. were accredited by the Better Business Bureau there were a total of 12 complaints filed in 2013. 3 complaints were related to their products & services while 6 were related to issues with sales or advertising. What’s BBB rating? For more than 100 years, BBB has helped consumers find businesses they can trust. Companies are graded from A+ to F through 16 different variables such as “time in business”, “competence”, “complaints” and “background information”.

    GoldWiki.org advice that investors carry out their due diligence to assure the company they choose to do business with will offer them what is actually being promised.

    Lear Capital BCA (Business Consumer Alliance) review

    Lear Capital holds a BB rating by the Business Consumer Alliance (BCA). A BB rating implies the company has demonstrated good relations with their customers and that the complaints made against Lear Capital are expected not to be of a serious nature. What’s BCA rating? The Business Consumer Alliance, Inc. is a non-profit organization founded in 1936. The Business Consumer Alliance provides free services to consumers to learn everything they need to know about a business before engaging with them. The purpose of BCA is to promote business self-regulation. Through a sophisticated algorithm that evaluates several different aspects of businesses, BCA is able to assign letter grades, ranging from AAA to F which assists the public in identifying reputable or disreputable companies.

    Lear Capital Complaints

    60 complaints in total with BBB and BCA. Complaints mention higher fees for its coins than competitors, delivery times and prices.5 unresolved complaints with the BCA filed under  “Refuse to adjust, relying on terms of agreement”.

    Pricing and storage fees

    $275 setup fee, $100 annual admin fee and $150 storage fee. Their minimum purchase amount is $10,000. 4% restocking fees on canceled orders.

    Delivery, 401K Rollover & IRA Transfer process

    5-30 business days IRA transfer process and 30+ business days 401(K) Rollover Process time.

    Services offered

    Lear Capital offers gold and silver numismatics. Online orders are limited to $5,000.  Important notice: You may not pay the amount stated on their website when purchasing coins as gold pricing are quoted in real time and that the price that you will pay is set the instant your purchase is completed. Lear Capital does not offer bullion. 

    Lear Capital Coins

    Lear Capital offers the following gold coins: American Buffalo, American Eagles, Austrian 4 Ducats, Austrian Philharmonics, Swiss 20 Francs, Canadian Maple Leafs, South African Kruggerands and British Sovereigns. They also sell the silver American Eagle. Lear Capital doesn’t offer gold bars, bullion, palladium or platinum.

    3 / 5 stars     
    Review overview
    BBB rating
    BCA rating
    Cost & Fees
    Customer Service
    IRA Transfer Process
    Customer Complaints