Is Legacy Precious Metals A Scam? (Exposed?!) (Updated July 2023)

July 10, 2023

is legacy precious metals a scam?

Welcome to my 'Is Legacy Precious Metals A Scam?' article.

(Updated July 2023)

Are you looking for more info on Legacy Precious Metals? Having doubts? If so, this 'Is Legacy Precious Metals A Scam?' article can help you.

You may have heard of the company mentioned above. In this review, we will be looking at their history and whether they are legit or a scam.

So sit back and relax as I try to explain Legacy Precious Metals is the right firm for you or not. Without further ado, let us get started!

Legacy Precious Metals Review Quick Summary

Name: Legacy Precious Metals

CEO: Charles Thorngren

Prices: Varied

Promotion: Buyback Programs

Rating: 3/5

legacy-precious-metals-logo

What is Legacy Precious Metals?

legacy-precious-metals-website

The very first step in assessing the potential of this firm is by knowing its background.

Legacy Precious Metals is a firm believer of protecting your retirement through gold and other precious metals. The CEO, Mr. Thorngren, thinks of financial education as a must for everybody.

With that said, Legacy Precious Metals prides itself as a full-time investment firm. Mainly, they deal with individual retirement accounts that utilizes precious metals as the main asset.

And to mention, this firm have been featured on several news sites and websites such as Forbes and Fox News. True enough, they are one of the leading competitors in the precious metals industry.

If you want to skip to a company that specializes in gold and silver IRA rollovers, I suggest visiting Goldco.

Offered Products and Services

As previously mention, this firm works with precious metals mainly. Their products are limited, although it is guaranteed to be IRA-approved. The full list can be seen below.

Gold Coins

  • American Gold Eagle
  • Canadian Gold Maple Leaf
  • Australian Gold Kangaroo
  • Australian Gold Philharmonic
  • American Gold Eagle Proof
  • American Buffalo Coins

Silver Coins

  • American Silver Eagle
  • Canadian Silver Maple Leaf
  • Australian Silver Kangaroo
  • Australian Silver Philharmonic
  • Highland Mint Silver Round
  • Australian Silver Coin

Apparently, Legacy Precious Metals does not conduct business using other precious metals such as platinum and palladium. In this respect, their lack of diversity in their inventory might dissuade potential clients.

Furthermore, unlike other precious metal websites, Legacy Precious Metals does not provide any information such as prices of their products online. Clients cannot also order online. They are required to call the company to know more about the products and to order them.

Lastly, Legacy Precious Metals has a buyback program which gives clients the opportunity to sell back the products the bought from the company. They will be able to liquidate their precious metals at a fair price.

Looking for a company that has numerous buying options for precious metals? Then look no further because Goldco can help you in your search.

How Does It Work?

One of the downsides of Legacy Precious Metals is that their procedures for investing is locked behind account creation. In comparison, other companies are far more transparent than this firm.

Admittedly, the company boasts that they prioritize educating their clients and investors first. We will be giving them the benefit of the doubt that those phone calls are immaculate when it comes to this.

Also, their free kit guide is locked behind answering a form too. This is normal since most of the companies are doing this also. If you wish to contact them, they have contact information on their website and social media platforms.

Payment Options

Legacy Precious Metals accepts various kinds of payment methods, some of which are the following:

  • Wire transfer
  • Checks
  • PayPal
  • Cryptocurrency

Take note that additional fees will be charged depending on the type of payment you used.

Shipping and Handling

Legacy Precious Metals ensures that they handle and ship client orders securely. They have various shipping options such as standard, priority, and overnight shipping.

Moreover, all orders are packaged discreetly and securely and they have tracking numbers which enable clients to keep track of their products.

Lastly, all products are fully insured. So rest assured that you will be compensated and protected if ever your products are damaged or lost in transit.

Customer Reviews and Ratings (Updated July 2023)

Regrettably, this section is also not one of the strong suits of Legacy Precious Metals. I have only discovered reviews from a single website. Unfortunately, their rating will not give you satisfaction.

Trustlink is an organization dedicated to giving out valuable ratings and information about certain companies. Sad to say, this firm is given barely a 2.5 out of 5 rating based on 3 reviews, even in July 2023! Don't believer it? Take a look for yourself:

Pros and Cons

Pros

  • Claims it gives customer education
  • No high-pressure sales
  • Availability of buyback programs
  • Fast Shipping

Cons

  • Has no detailed information about their team
  • Few reviews
  • Negative reviews
  • Essential information are locked between account creation or calls
  • Pricing and procedures for investing are not indicated

Is Legacy Precious Metals a scam?

To conclude this 'Is Legacy Precious Metals A Scam?' article, the answer would be that this firm is legitimate. Its products are real and they have been featured to several tv shows and reputable organizations.

However, their reputation speaks an entirely different matter. They have but a few number of reviews, of which they scored relatively low.

Also, they have no instructions or information whatsoever regarding their business protocols and procedures. As a precious metals firm, it is imperative to have your customers informed just by looking at your website or platform.

To conclude, Legacy Precious Metals is not a scam. Nevertheless, I would not recommend this firm to you. Other firms are more reputable with thousands of good reviews under their belt.

Thank you so much for reading this article of mine. As usual, any comments and suggestions for improvement are welcomed. Please leave them at the appropriate section below.

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Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.


By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2024!

Anis

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