What is Liberty Metals Group? Is it the ideal company for you or should you look elsewhere? Please read our detailed review to find out everything you need to know about Liberty Metals Group.
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Attention: Liberty Metals Group is no longer in business. Please, find out our alternative gold and silver IRA Company on this page.
Table of Contents
- 1 What Is Liberty Metals Group?
- 2 Liberty Metals Group Products
- 3 Company Info
- 4 Location:
- 5 Address:
- 6 Year Founded:
- 7 Managers:
- 8 Website:
- 9 Rating:
- 10 How It Works
- 11 Pros of Liberty Metals Group
- 12 No Minimum Purchase Amount
- 13 They Have a Buyback Policy
- 14 Offers Customer Education
- 15 Wide Selection of Coins and Bars
- 16 Cons of Liberty Metals Group
- 17 Poor Customer Ratings and Reviews
- 18 Does not accept Credit Cards
- 19 No longer In Business
- 20 Accreditation, Customer Reviews and Ratings
- 21 Conclusion
What Is Liberty Metals Group?
Liberty Metals Group is a precious metals dealer based in Del Mar, California. Established in 2010, the firm strives to offer top-quality precious metals through their physical store as well as their online platform. Liberty Metals Group mainly buys and sells major bullion coins and bars from around the world. Besides, they promise to educate you thoroughly whether you are a veteran or just trying to place your first order.
Liberty Metals Group Products
Liberty Metals Group maintains a huge inventory of gold, silver, platinum and palladium bars and coins. Some of their coins include gold and silver Canadian Maple Leafs, South African Krugerrands, gold and silver American Eagles, Gold Australian Kangaroos, American Gold Buffalos and Platinum American Eagles. The company also sells bars of different denominations including 1 oz platinum bars, 10 oz and 100 oz silver bars, Perth Mint bars and much more. In addition to selling coins and bars, LMG also provides self-directed precious metals IRAs.
Del Mar, California
1125 Camino Del Mar Ste C, Del Mar, CA, 92014
Mark Lonneker (founder)
Rating:(1 / 5)
How It Works
LMG states that you can order products through their online platform, by calling them, or by visiting their store front based in Del Mar, southern California. Also, you can add precious metals to your IRA through their Closed Loop IRA which is extremely easy to set up, and involves filling out a simple online form.
Pros of Liberty Metals Group
No Minimum Purchase Amount
Liberty Metals Group believes that no order is too big or too small, hence they have no minimum purchase restrictions as is the norm with other precious metals dealers. Whether you want to buy an ounce or 5000 ounces of gold or silver, Liberty Metals Group has got your back.
They Have a Buyback Policy
LMG have a buyback program in place which allows you to sell back your bullion to the company. In addition, you can sell your old jewelry to them. They promise to buy your metals at the best price, way above the industry’s standard.
Offers Customer Education
The company values customer education and therefore has a ‘resources’ section on their website where you can access free insightful articles. For instance, you will learn how to assay you jewelry, how to buy gold and silver, how to use their online ordering system, and much more. Alternatively, you can call their customer care staff and have all your questions answered.
Wide Selection of Coins and Bars
Liberty Metals Group holds a large inventory of both foreign and local coins and bars. What is more, most of their bullion coins and bars are of high quality and eligible for IRA.
Cons of Liberty Metals Group
Poor Customer Ratings and Reviews
LMG has only 20 reviews on Yelp, most of which are rated 1 star. Most of the customers complain about the company’s failure to deliver metals even long after payment is made. They also ignore customer emails and phone calls, which has led to several disgruntled clients filing law suits against the firm.
Does not accept Credit Cards
Liberty Metals Group are not candid about their accepted payment options. Besides, we’ve established that they neither accept credit cards nor Bitcoin, making placing of orders inconveniencing for customers who prefer paying with credit cards or Bitcoin.
No longer In Business
We’ve established that Liberty Metals Group is no longer operational, which is quite a shocker. Thus, if you are looking to buy bullion or open a Gold IRA, we recommend you find an alternative company. Our #1 recommendation for Gold and Silver IRAs is Goldco Direct.
Accreditation, Customer Reviews and Ratings
Liberty Metals Group is not accredited with the BBB. Additionally, they lack reviews and ratings on Trustpilot, Trustlink and Business Consumer Alliance.
The only website with reviews and ratings of Liberty Metals Group is Yelp, where they are rated 2.5 out of 5 stars based on 20 customer reviews. Unfortunately, most of the company’s Yelp reviews are negative and poorly rated as you can see in the screenshots below.
Liberty Metals Group is a precious metals company based in Del Mar, CA. The company maintains a huge inventory of bullion coins and bars, and offers both and online and offline store. Moreover they promise to buy your metals at competitive rates.
Unfortunately, Liberty Metals Group only accepts payment via wire transfer or check, which is highly inconveniencing for those seeking to pay with other options such as Bitcoin or credit card. Additionally, the company is poorly rated on online platforms.