Legacy Coins & Capital Review: Is This Company Worth Trusting?

Legacy Coins & Capital
Legacy Coins & Capital - by, April 1, 2011
2.5/ 5stars
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Legacy Coins & Capital
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Review Summary :

Legacy Coins & Capital is a precious metals investment firm founded in 2007. Although the catalog of products is somewhat smaller than other bullion dealers, there is still a decent selection of available gold and silver coins. Some of the popular IRA-approved coins are present in the catalog for retirement savers. The Legacy Coins & Capital website states that custodial services are provided by Sterling Trust Company. However, further investigation has revealed that this specific IRA custodian is permanently closed. At present, Legacy Coins & Capital does not offer any platinum or palladium products. The company is based in Hauppauge, NY.

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Pros:

  • Some of the most popular IRA-eligible gold and silver coins are available in the inventory
  • Vault storage options are provided by Delaware Depository

Cons:

  • There are no palladium or platinum coins in the catalog
Quick Facts about Legacy Coins & Capital
Year Founded:2006
Company Headquarters:Hauppauge, NY
Annual Fees:$65
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:No
Assets Offered:Gold and Silver
Offers Other Assets?:No
Custodian:N/A
Current Promotion:N/A
Supports Home Storage?:Yes, for collectible products
International Storage?:N/A
Segregated Storage?:Yes
Preferred Storage Location:Several locations
Preferred Storage Vault:Delaware Depository
Reviewed By::Sarah Bauder
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Company Info & Background

Founded in 2006, Legacy Coins & Capital (www.legacycoinsonline.com) is a precious metals dealer, in addition to being a gold IRA company. It is headquartered in Hauppauge, NY. 

Legacy Coins & Capital’s catalog offers a selection of gold and silver coins.  A few of the popular bullion coins permitted to be held in a gold IRA are available to customers. Additionally, the catalog has pre-1933 gold coins, and gold and silver commemoratives.

Moreover, the company is dedicated to educating clientele about precious metals investments, and the benefits of investing in gold IRAs. Its website provides several resources on the topic.

Legacy Coins & Capital Management Team

Bruce Gordon – President 

 Bruce Gordon has served as president of Legacy Coins & Capital since 2009. Gordon graduated from Brooklyn College in 1973.

Legacy Coins & Capital Custodians and Storage

The Legacy Coins & Capital website states that it has partnered with the IRA custodian, Sterling Trust Company. Below is what Legacy Coins & Capital says about this custodian:

“Established in 1984 to provide quality administrative services for self-directed individual retirement accounts, qualified business retirement plans, and personal custodian accounts, Sterling Trust Company currently administers accounts with assets exceeding $2 billion for clients in all 50 states. The company regularly complies with federal and state agencies overseeing regulatory compliance of directed trustees and custodians. In addition, Sterling is audited annually by the prominent accounting firm, Ernst & Young, and is annually examined by the Texas Department of Banking.

Sterling Trust prides itself on its superior customer service. Their representatives are fully trained, knowledgeable, and able to provide you a high degree of courteous service. You’ll receive quarterly account statements, and be provided with the necessary government reporting. It’s like having your own personal, professional administrative staff responding to your directions. For this superior brand of service, you’ll be charged a nominal annual custodial fee of $65.

Sterling Trust has chosen Delaware Depository Service Company as its precious metals depository for the storage of metals on behalf of its clients. The depository offers a secure safekeeping service and provides easy access for the physical delivery of precious metals. The Sterling Trust account is charged a safekeeping fee of $100 annually for the precious metals storage fee. This fee is based on a calendar year and the depository does not prorate fees.

DDSC was approved by the Commodity Futures Trading Commission as a licensed depository of the New York Mercantile Exchange (NYMEX) for platinum and palladium storage, and the New York Commodity Exchange (the COMEX Division of NYMEX) for silver storage. DDSC is also licensed by the NYSE-LIFFE (Previously the Chicago Board of Trade) to store silver for its member companies and their customers.

Customer assets are stored in high-security vaults located in Wilmington, Delaware. Vaults are constructed and maintained in compliance with the Bank Protection Act and UL standards. To supplement experience, physical security and internal controls, DDSC maintains $300,000,000 in “all-risk” insurance coverage.”

*Note: Further investigation has revealed that Sterling Trust Company is now permanently closed. However, Legacy Coins & Capital’s website has provided no information pertaining to any new custodial partnerships. *

Legacy Coins & Capital Products 

Taking into account that as of August 2022, inflation rose higher than expected to 8.3% year-over-year, historically, precious metals are an excellent hedge. Legacy Coins & Capital has a small selection of gold and silver coins available to its customers. Some of the popular IRA-approved coins are available to clients. Moreover, the catalog has gold and silver commemoratives and pre-1933 gold coins. 

IRA-Eligible Gold Products

  • Gold American Eagle 
  • Gold American Buffalo
  • Gold Austrian Vienna Philharmonic
  • Gold British Britannia

IRA-Eligible Silver Products

  • Silver Austrian Philharmonic 
  • Silver British Britannia
  • Silver Canadian Maple Leaf 
  • Silver American Eagle

View more Legacy Coins & Capital products here.

Legacy Coins & Capital IRA Info

CompanyLegacy Coins & Capital
Annual Cost $65
Scaled or Flat Fees? Flat Fees
Partnered Storage Vault Delaware Depository
Partnered Custodian N/A
Metals Available Gold and Silver
Years in Business 16 years (2006)

Legacy Coins & Capital Reviews, Ratings, and Complaints

Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Legacy Coins & Capital from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.

  • BBB Rating: No Reviews (Details)
  • BBB Complaints: 0 complaints closed in last 3 years (Details)
  • Yellow Pages: Profile (Details)
  • TrustLink: Profile (Details)
  • RipOff Report: No Reports
  • CitySearch: Profile (Details)
  • Facebook: Profile (Details)

Legacy Coins & Capital Contact Information

  • Address: 390 Rabro Dr. 2nd Floor, Hauppauge, New York 11788, US
  • Phone: (800)766-2780
  • Email: info@legacycoinsonline.com

Legacy Coins & Capital
Legacy Coins & Capital - by, April 1, 2011
2.5/ 5stars
on
Legacy Coins & Capital
  • Editor Rating
  • Average
Review Summary :

Legacy Coins & Capital is a precious metals investment firm founded in 2007. Although the catalog of products is somewhat smaller than other bullion dealers, there is still a decent selection of available gold and silver coins. Some of the popular IRA-approved coins are present in the catalog for retirement savers. The Legacy Coins & Capital website states that custodial services are provided by Sterling Trust Company. However, further investigation has revealed that this specific IRA custodian is permanently closed. At present, Legacy Coins & Capital does not offer any platinum or palladium products. The company is based in Hauppauge, NY.

Get Info Kit Now
Have you purchased products from Legacy Coins & Capital? Leave a review!

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