What is Liberty Coin Service? Welcome to this comprehensive review in which we shall explore what this company has to offer, in a bid to determine whether it is one you can turn to as an investor. If anything, I’ll be sure to drop a couple of links to alternatives to Liberty Coin Service that you’ll find useful if you’re trying to get started with precious metal investments.
Name of the company: Liberty Coin Service
Official Website URL: https://libertycoinservice.com/
Overall Rating: (4.3 / 5)
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people get scammed is through so-called “hidden fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Liberty Coin Service!
Table of Contents
- What Is Liberty Coin Service?
- The Service offered
- How does Liberty Coin Service Work? (How to Get Started)
- Does Liberty Coin Service offer IRA services?
- How can you open a Precious Metal IRA with Liberty Coin Service?
- Payment methods accepted when paying for precious metals
- Does Liberty Coin Service have minimums for purchase?
- Does Liberty Coin Service buy precious metals from individual sellers?
- Is Liberty Coin Service Genuine or Is It a Scam?
- Pros and Cons
What Is Liberty Coin Service?
Liberty Coin Service is a rare coin and precious metals dealer that has been existent since 1971. From its very humble beginnings, this company has risen to become one of the most widely recognized firms of its kind in the whole of Michigan. Besides offering dealership services, Liberty Coin Service also offers its customers access to a large collection of articles in their knowledge center. Whether you are looking forward to buying or selling rare coins and precious metals, you can stop by this knowledge center on Liberty Coin’s official website.
This company also takes pride in being a member of various pro-numismatic clubs. In the Industrial Council for Tangible Assets (ICTA), for instance, Liberty Coin Service is part of the board of directors. Most of its employees already have American Numismatic Association (ANA) life memberships. It has four staff members as Professional Numismatic Guild (PNG) members.
Other professional memberships that this company belongs to include: MSNS, CSNS, FUN, PCDA, SPMC, PMCM, TAMS, MICH-TAMS, NLG, TNA, RMCA, etc.
The Service offered
We have already established that Liberty Coin Service is one of the largest rare coin and precious metal dealers in Michigan. To clarify the scope of its service offerings, here are some facts about it that you should know:
- According to the information posted on its website, Liberty Coin Service is Lansing, Michigan’s largest gold and silver products dealer. Customers who want to sell their scrap jewelry, diamonds, and genuine diamond products, dental gold, silver rings, silver flatware, and jewelry can turn to this company.
- This company is also a foreign exchange dealer. Most banks and credit unions have for long been referring customers to Liberty Coin Service to get their foreign exchange needs attended to. Liberty purchases a wide range of foreign currencies including Euro, Canadian Dollar, Australian Dollar, Switzerland Franc, Mexican Peso, Chinese Yuan, and Japanese Yen.
- Liberty buys and sells precious metal bullion. If you’re looking for a wide variety of bullion or you simply want to cash out your gold, silver, platinum, and palladium bullion, you can reach out to this company.
- This company sells and buys rare coins. You can purchase or sell authentic coins from or to Liberty Service Coins.
How does Liberty Coin Service Work? (How to Get Started)
Depending on what you’re looking for, getting started with this company will be different from how another customer gets started. That said, however, this company’s main objective is to be an effective dealer in rare coins and precious metals, and most customers visit it to purchase or sell the products listed on its ecommerce platform (on the official website). With the purchase process, all you have to do is to look for your preferred product, click on “add to cart” and begin the check-out process.
If you want to sell your products to Liberty Coin Service, you can either pay them a visit at the retail store in Lansing, Michigan, or you can mail them the products for them to get appraised before receiving your payment. We shall talk more about this later on in this review.
Does Liberty Coin Service offer IRA services?
No. This firm is, unfortunately, not one that offers IRA services. It only focuses on offering the services we’ve already talked about. I will, however, be on the lookout on your behalf, and if this company happens to include this as a service offering, I will be sure to update this review. If you are here reading this review to find out whether this company offers IRA services so that you can turn to it so that you can get started, then you should probably have a look at what already-existing IRA service providers have to offer.
Important: Please make sure that you know exactly what fees are associated before you sign anything, I have seen so many reports online of people getting surprised with so-called hidden fees that they had no idea about until it was too late. Transparency is what you want to look for in this industry.
**My #1 recommended gold & silver IRA company is 100% transparent + they got a few other benefits you might want to have a look at if you are interested in a new IRA, see this page
How can you open a Precious Metal IRA with Liberty Coin Service?
Opening a precious metal IRA with Liberty Coin Service is unfortunately not possible because it does not offer any IRA services, to begin with. Again, you will have to check out what IRA companies have to offer.
See my #1 recommended gold & silver IRA company on this page
Payment methods accepted when paying for precious metals
Liberty Coin Service seems to mainly accept credit card payments for the purchase of products distributed through their ecommerce site. You can use a credit card provided by any of the following companies:
- American Express
- Diners Club International
Does Liberty Coin Service have minimums for purchase?
There’s no evidence on Liberty Coin Service’s website that it has minimums for purchase requirements. You should, however, contact its support staff to confirm this requirement hasn’t been enforced at the time you’re making the purchase.
Does Liberty Coin Service buy precious metals from individual sellers?
Yes. You can cash in your treasures with this company and receive the highest prices for the products you’re selling to them, as they claim on their website. There is a link to a pdf document showing the prices of a wide variety of products that customers are likely to show up with to their retail store. Customers are reminded that the prices of objects can be volatile, but Liberty Coin Service tries to present the most up-to-date prices for all products. One major tip that this company gives is that customers who want to sell their coins should not attempt to clean their coins. Contrary to what most people may think, trying to clean coins or to shine them does not increase their value- it, in most cases, decreases it.
Is Liberty Coin Service Genuine or Is It a Scam?
Liberty Coin Service is a genuine company, in as far as I can tell. It was established in 1971 and has been existent since then. This company takes pride in being a member of several professional bodies, institutions, and clubs in this industry. This adds to its genuineness and also gives the impression that it’s one in which the support staff takes their craft very seriously. I looked at what its customers have to say about the nature of services delivered, and was impressed to see that this company is doing great so far. For being a customer-centric company, Liberty Coin Service has a (4.3/5) star rating on Birdeye, which in my view is a pretty decent rating. Considering the nature of this company’s services, however, I’d like to leave a link to possible alternatives that you can have a look at as an investor who wants to get started with precious metal IRA investments.
**Have a look at how these top-rated alternatives to Liberty Coin Service that offers precious metals IRA Services are matching up
Pros and Cons
- Wide variety of products available for sale
- Allows customers to sell their products to them.
- Professional standards upheld always
- It doesn’t offer IRA services yet.
Do You Own or represent Liberty Coin Service?
If you are a representative, or associate of Liberty Coin Service and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Overall Rating: (4.3 / 5)
Liberty Coin Service is by large a reliable company that I wouldn’t discourage you from purchasing anything from (in my humble opinion). It has refined its crafts for a long and has professional staff members who can attend to your needs in a welcoming manner. However, investors who are getting started with precious metals can consider checking out what gold IRA companies have to offer. Having established that precious metals IRAs are useful for retirement investment purposes, I’d suggest that you take a look at what the best-rated precious metal IRA firms have to offer.
You’ve made it to the end of this review on what Liberty Coin Service is about. Have you gotten the answers to the questions you had in mind with regards to this company? If no, you can drop those queries in the comments section. If you’re new to precious metal investing and would not mind getting help to avoid scams and overly expensive companies, reach out to me so that I can share with you the nuggets I have collected so far.
I wish you well,
Eric, Investor and Team Member at Gold Retired!