Are you looking for a trustworthy company to purchase precious metals from or to set up a Gold/Silver IRA account with? ICCoin is one of the many precious metals companies that you may be considering, but is it a reputable firm? Is it trustworthy? Let’s find out in this detailed review.
Table of Contents
- 1 What Is ICCoin?
- 2 ICCoin Products
- 3 Are Gold and Silver IRAs Offered?
- 4 Company Info
- 5 Location:
- 6 Address:
- 7 Year Founded:
- 8 Managers:
- 9 Website:
- 10 Overall Rating:
- 11 Recommended?
- 12 How it Works
- 13 Advantages of Choosing ICCoin
- 14 Wide Selection of Coins
- 15 Easy-To-Use Website
- 16 Multiple Payment Options
- 17 Many Years In Business
- 18 Disadvantages of Choosing ICCoin
- 19 Precious Metals IRAs are not offered
- 20 Poor Customer Support
- 21 Negative Customer Reviews and Complaints
- 22 Insufficient Reviews on Reputable Sites
- 23 No Buy-back Program
- 24 Accreditation and Customer Reviews
- 25 Should You Consider ICCoin for Your Gold or Silver IRA Rollover?
- 26 Is ICCoin Legit or Scam?
- 27 Conclusion
What Is ICCoin?
ICCoin, also known as International Coins and Currency Inc. is a precious metals dealer that sells coins, currency, collectibles as well as jewelry. The company boasts over 45 years in business as well as a massive selection of both local and foreign coins.
ICCoin’s website is designed to offer you convenience. You will find that their product catalog is well organized into categories and sub-categories to help you find whatever you are looking for, quickly. ICCoin is based in Montpelier, Vermont.
As we’ve already mentioned, ICCoin is one of the companies that stock hundreds of thousands of coins and collectibles, owing to their four decades in business which has increased their market share and financial strength.
Their coins are mainly divided in two main categories; US Coins and World Coins. Thus, in addition to US coins, you can also purchase coins from around the globe.
Under the US coins category, you will find sub-categories each with different types of coins. They include Early Coinage, Cents, Half Dollars, Dollars, Nickels, Quarters, Dimes, American Silver Eagles, Starter Sets, Commemoratives and much more. World coins category includes coins from various countries such as Germany, China, Canada, Sierra Leone, Philippines, Great Britain, Mexico, Australia and many others. In short, ICC has every coin you are looking for.
Are Gold and Silver IRAs Offered?
Unfortunately, ICCoin does not offer precious metals IRA services. If you are looking for Gold/Silver IRAs, you may want to check out our top-rated precious metals IRA firm on this page.
62 Ridge St, Montpelier, VT 05602-6100
Mr. Richard W Thurston (CEO)
Overall Rating:(2 / 5)
How it Works
ICCoin sells products via their official website. To place an order online through their online coin store, you need to follow a simple process which involves setting up an online account by filling out a simple form. You will then proceed to add products of your choice to the cart and proceed to check out. The firm is extremely strict with addresses and you are required to only provide your current address. Once you’re done with everything including supplying a valid residential address, you can now proceed to pay with your Paypal, debit or credit card. Should you need any form assistance during the checkout process, ICCoin’s dedicated customer service staff are available and you can contact them through the phone number or email address listed on the ‘contact us’ section of their website.
Advantages of Choosing ICCoin
Wide Selection of Coins
As we’ve mentioned, ICCoin boasts a mammoth selection of both US and world coins, as well as various other types of collectibles and even jewelry. Therefore, you are more than likely to find whatever you are looking for on their massive catalog.
The website is designed to make it easy for you to browse the various categories of coins as wells as add them to the cart. Thus, it offers you convenience through its user-friendly interface.
Multiple Payment Options
Iccoin accepts multiple payment options including credit card, debit card and PayPal. This offers you flexibility when it comes to checking out on their web store.
Many Years In Business
The longer a firm is in business, the more trust it receives. ICCoin is over 40 years old hence is definitely a trustworthy company. Shady firms don’t last that long.
Disadvantages of Choosing ICCoin
Precious Metals IRAs are not offered
They don’t offer precious metals IRAs hence is not helpful for those wishing to protect their retirement or savings with Gold or Silver IRAs.
Poor Customer Support
Based on complaints we found online, ICCoin takes long to respond to customer emails and sometimes they completely fail to respond.
Negative Customer Reviews and Complaints
We found negative customer reviews and complaints on some of the reputable online platforms such as the BBB.
Insufficient Reviews on Reputable Sites
This company lacks reviews on most online consumer trust sites, which raises a lot of questions as to whether they are a trustworthy company.
No Buy-back Program
ICCoin only sells coins but do not offer a buy-back program, hence you can’t sell the coins back to them in future.
Accreditation and Customer Reviews
It’s crucial to consider ICCoin reviews on consumer trust sites such as the BBB and Trustlink as this helps us determine whether they are reputable or not. Shockingly, ICCoin does not have reviews on BCA, Trustlink and Trustpilot. On the BBB they boast zero reviews and two customer complaints despite getting an A+ rating from platform. And based on customer reviews posted on Yelp, ICCoin boasts a 2 out of 5 star rating on the platform.
Should You Consider ICCoin for Your Gold or Silver IRA Rollover?
ICCoin does not offer Gold or Silver IRAs, hence it’s ideal for you to choose a different firm that offers such services. While it is extremely difficult to find a trustworthy precious metals IRA firm, we’ve employed extensive research and testing to select the best Gold/Silver IRA Company for you. You can read about it on this page.
Is ICCoin Legit or Scam?
So, is ICCoin legit or scam? Is it a trustworthy firm? Well, the company has been in business for decades, which is enough proof that they are legit and not a scam. Furthermore, they are accredited with the BBB which means they are not involved in anything illegal. Their only downside is the customer complaints which have greatly tarnished their image.
ICCoin is a precious metals dealer that sells rare coins and collectibles to both local and international coin collectors. The company is one of the oldest precious metals firms in the US having been started in 1974. Also, they boast a huge catalog of products and a modern website designed to give you maximum convenience.
However, their lack of reviews on most online review platforms as well as numerous negative reviews imply poor products and services by the firm.