Lincoln Coin And Bullion Review (A Scam?) (Updated 2023)

February 26, 2023

Lincoln Coin And Bullion Review

Welcome to my Lincoln Coin And Bullion Review.

(UPDATED 2023)

If you are planning to purchase precious metals from this company, I suggest that you should read this Lincoln Coin And Bullion Review to gather all the information you need to know about it.

Is it legit? Or is it another scam? We shall find out in this review. Let's get started.

If you wish to save time and just jump straight to our top-recommended precious metals company, click here!

Lincoln Coin And Bullion Review Quick Summary

Name: Lincoln Coin And Bullion

Founder: Scott Olson

Current owners: Pat and Jennifer Moran

Price: Varies depending on your investments

Rating: 3/5

Lincoln Coin And Bullion Review logo

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What is Lincoln Coin And Bullion?

Lincoln Coin And Bullion, established in 2006 by the owner Scott Olson, is a precious metals company. In 2019, it was purchased by Pat and Jennifer Moran.

They buy and sell metals such as gold, silver, platinum, etc. They are based in Lincoln, Nebraska.

Lincoln Coin And Bullion recognizes the challenge of being a first-timer investor in the precious metals company. That is why the company made it as one of their goals to educate their clients.

Its representatives and experts are more than willing to explain everything to you.

Moreover, Lincoln Coin And Bullion claims that it offers genuine products and will always be against counterfeit precious metals.

In fact, the company owns expensive equipment like Thermo Scientific XRF Analyzer, to guarantee the authentication of the coins and bullion.

This just shows how the company is very serious about the products and services that they are offering.

Company Owner Background

Lincoln Coin And Bullion was founded by Scott & Deb Olson in 2006. However, in fall 2019, it was bought by Pat and Jennifer Moran.

Pat is a licensed mechanical engineer who aspired to own his own business. Fortunately, the Olson's were already prepared to retire with Pat got to know them.

Although Pat still has a lot to learn about the precious metals industry, he is willing to put all the hard work to learn it. Moreover, both the Olson are happily assisting Pat in the business.

Pat is determined to take care of the business and grow it.

Lincoln Coin And Bullion Products

The company offers 4 types of categories of products:

  • Gold
  • Silver
  • Platinum and Palladium
  • Collectibles

Upon checking the websites, it is nice to know that the company has a wide range of products. In fact, several information are showed such as the availability of each product, spot price, and even the actual weight.

Currently, the website has a notification that says that due to the high volumes, Lincoln Coin And Bullion is asking for 0% down on orders, 70% down on orders over $60k, and 85% down payment on orders over $250k TEMPORARILY.

So when you do order products from them, you have to take this into account.

How does it work?

Lincoln Coin And Bullion is a precious metals dealer, they offer to sell or buy Gold, Silver, Platinum, Palladium bars and coins, and they also sell collectibles if there’s any available.

If you go to their website, you will find their complete portfolio and their list of products.

Currently, clients cannot order online since the company's website is not designed for e-commerce.

If you are interested in purchasing from them, you need to contact the company via phone or in person. Moreover, it is most ideal to visit their office for the transaction.

Payment Methods

Currently, the following are the payment methods accepted in Lincoln Coin And Bullion:

  • Cash
  • Check (need to be approved)
  • Bank wires
  • Visa
  • MasterCard
  • AMEX
  • Discover (credit and debit)
  • Paypay

Gold coin and bullion prices can enjoy discounts if paid via cash, check or bank wire. 

On the other hand, card payments are required to pay additional fees of 1.5% for debit cards and 3% for credit cards.

Does it offer any IRAs?

Their website doesn’t show anything about IRAs so for now, they don’t offer IRAs.

Currently, the company is solely just offering precious metals.

Can the company buy my precious metals?

Buying precious metals is one of the services Lincoln Coins & Bullion offers.

They are willing to buygold, silver, platinum, palladium, and rhodium bars and coins. Domestic and foreign rare and collectible coins are also accepted!

Lastly, the company is willing to purchase gold scrap and sterling flatware.

Although other gold trading firms don’t have this service, Lincoln Coins & Bullion definitely has it.

What I like about the company

To be honest, getting into the precious metals industry sparks doubt and hesitancy, but with Lincoln Coin and Bullion, there’s no need to feel this way.

It has been in the industry for quite a long time and owned by owners who are driven by providing the best products and services.

They are a legit and trustworthy company. The Better Business Bureau gave them an A+ rating, 5 out of 5 rating with 2 reviews and 0 complaints. Moreover, they are BBB accredited.

What I don't like about the company

While there are no negative reviews about the company, the only one review is from a legit customer. Other gold trading companies have hundreds of reviews, this does not make a good impression.

Their website also doesn’t explain the following: 

  • Shipping policy
  • Stand of IRAs
  • Countries they operate in

Pros and Cons

Pros

  • Offers a wide variety of precious metals
  • Has a 5-star rating in BBB

Cons

  • No precious metal IRAs
  • Website does not have much information about its services
  • Lacks ratings and reviews

Is Lincoln Coin And Bullion a scam?

Let's conclude this Lincoln Coin And Bullion Review  by answering this question.

Lincoln Coin And Bullion is not a scam. The company has been around for quite some time. Moreover, it provides legit products and services.

Because of that, the company has a 5-star and A+ rating in BBB. Despite all of these, there are things that the company does not have.

It lacks transparency in  its website and of course, it lacks ratings and reviews, compared to other companies.

If you wish to know the best precious metals company, you should check out my top recommendation below.

Thank you so much for reading my Lincoln Coin And Bullion Review. If you have any comments or questions, feel free to leave them  in the comments section.

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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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