Liberty Coin Service, a coin dealer founded in 1971 in East Lansing, Michigan, has been a prominent player in the numismatic world for over five decades. With a move to the Frandor Shopping Center in Lansing in 1975, they have grown to a team of 14 individuals boasting more than 250 years of collective experience in numismatics and various other areas of expertise. The company emphasizes customer education, evident in their learning center and a plethora of news articles and blog posts. However, the absence of BBB accreditation and a poor rating on Trustpilot raises questions about the company’s legitimacy. This review aims to explore Liberty Coin Service in detail, covering their products, buying process, pros, cons, and customer reviews.
What Is Liberty Coin Service?
According to their official website, Liberty Coin Service is a seasoned coin dealer situated in Lansing, Michigan. Established in 1971, the company has expanded its staff to 14 members, each with extensive experience in numismatics and related fields. The commitment to customer education is evident in the learning center section on their website, offering valuable resources to collectors. Liberty Coin Service claims to offer a broad selection of products and publishes news articles and blog posts to keep customers informed.
Liberty Coin Service Products
The range of products offered by Liberty Coin Service is extensive, covering various aspects of numismatics and bullion. They buy and sell coins, including Colonial Coins, Cents, Dimes, Quarters, Half Dollars, and Coin sets. In the currency category, they deal with National Bank Notes, US Large Size, US Small Size, Fractional Currency, Confederate States, Obsolete Currency, and World Paper Money. Additionally, Liberty Coin Service is involved in bullion trading, offering Gold, Silver, Platinum, and Palladium bullion.
How It Works
Customers can purchase items from Liberty Coin Service through their official website or by visiting their physical location at 400 Frandor Ave, Lansing, MI 48912, United States. The availability of both online and in-person options provides flexibility for customers with different preferences.
Pros of Liberty Coin Service
-
Wide Range of Products
Liberty Coin Service stands out for its diverse selection of coins, currency, and bullion, catering to the varied interests of collectors and investors.
-
Decades of Operation
With a history dating back to 1971, Liberty Coin Service has a longstanding presence in the numismatic community, suggesting stability and reliability.
-
User-Friendly and Educative Website
The company’s commitment to customer education is reflected in their user-friendly website and the presence of a learning center, providing valuable resources for collectors.
Cons of Liberty Coin Service
-
Lacks BBB Accreditation
Despite its long history, Liberty Coin Service lacks accreditation from the Better Business Bureau (BBB), which may raise concerns about their business practices.
-
Does Not Offer Precious Metals IRAs
Some customers seeking to invest in precious metals through Individual Retirement Accounts (IRAs) may find it limiting that Liberty Coin Service does not offer this option.
-
Numerous Negative Reviews on Trustpilot
The company’s poor rating on Trustpilot, with a 2.8-star rating based on 35 reviews, suggests dissatisfaction among some customers.
Reviews on BBB, Trustpilot, Reddit, and Yelp
BBB: Liberty Coin Service lacks accreditation and reviews on the Better Business Bureau, leaving potential customers without a BBB rating to consider.
Trustpilot: The company has a 2.8-star rating on Trustpilot based on 35 reviews, with customers expressing dissatisfaction with the company’s customer service.
Reddit: No reviews or discussions about Liberty Coin Service were found on Reddit during our research.
Yelp: Liberty Coin Service boasts a 4-star rating on Yelp based on 7 reviews, indicating a more positive sentiment compared to Trustpilot.
Is Liberty Coin Service Legit?
The legitimacy of Liberty Coin Service appears to be questionable due to several factors. The absence of BBB accreditation, coupled with a poor rating on Trustpilot and negative customer reviews, raises concerns about the company’s reliability and customer satisfaction. While the company has a long history and a commitment to customer education, potential customers should exercise caution and thoroughly research before engaging in transactions with Liberty Coin Service.
Similar Reviews
- Northeast Numismatics
- Blanchard and Company
- Jack Hunt Coin Broker
- American Heritage Bullion
- California Gold & Silver
Liberty Coin Service Reviews- Conclusion
In conclusion, Liberty Coin Service presents itself as a longstanding coin dealer with a commitment to customer education. However, the lack of BBB accreditation, the absence of precious metals IRAs, and negative reviews on Trustpilot raise doubts about the company’s legitimacy and customer satisfaction. While the positive Yelp reviews suggest some satisfied customers, it is crucial for potential buyers to carefully consider the available information and weigh the risks before engaging in transactions with Liberty Coin Service. As with any investment or purchase, due diligence and thorough research are essential to ensure a positive experience and protect one’s financial interests.
