Lincoln Coin And Bullion Review: Essential Insights & Analysis

Lincoln Coin & Bullion has operated as a precious metals dealer in Lincoln, Nebraska since 2006, serving collectors and investors throughout the region. The company specializes in buying and selling gold, silver, platinum, and palladium bullion, along with numismatic coins and collectible currency.

Lincoln Coin & Bullion is a legitimate business with BBB accreditation since 2011. They do not offer precious metals IRAs and require phone or in-person transactions rather than online ordering.

Many potential customers want to know about the company’s reputation, product selection, and buying process before making their first purchase. Lincoln Coin & Bullion maintains a $1,000 minimum purchase requirement and accepts various payment methods including cash, checks, and credit cards.

The business focuses on providing expert appraisals and personalized service to help customers navigate precious metals investments. Understanding the strengths and limitations of any precious metals dealer helps investors make informed decisions about their purchases.

Key Takeaways

• Lincoln Coin & Bullion is a BBB-accredited precious metals dealer operating since 2006 with a focus on bullion and numismatic coins
• The company requires a $1,000 minimum purchase and does not offer online ordering or precious metals IRA services
• Customer reviews are limited but generally positive, with the business providing expert appraisals and personalized service

Overview of Lincoln Coin & Bullion

Lincoln Coin & Bullion operates as a family-owned precious metals dealer established in 2006 by Scott Olson in Lincoln, Nebraska. The company maintains professional industry affiliations and focuses on buying and selling gold, silver, platinum, and palladium products.

Company History and Background

Lincoln Coin & Bullion was established in 2006 when Scott Olson left his accounting career to transform his coin collecting hobby into a business. His wife Debbie Evans-Olson joined the company as it expanded.

Scott Olson brought experience from multiple fields including music, corporate leadership, and civil engineering. His passion for coins and bullion became the foundation for the business venture.

Debbie Evans-Olson contributed her executive experience from roles at Haberfeld Associates and positions in sales and marketing management. Her background in precious metals dealing helped drive the company’s growth.

The business remains a family-owned operation focused on precious metals trading. Lincoln Coin & Bullion has operated for over a decade, demonstrating consistent commitment to customer service in the precious metals industry.

Location and Contact Information

Lincoln Coin & Bullion operates from Lincoln, Nebraska, serving the local area and surrounding regions. The company maintains a physical presence in Nebraska’s capital city.

Customers can contact Lincoln Coin & Bullion by phone at 402.327.2853 for inquiries and appointments. Email support is available at the company’s business address.

The business operates by appointment only for in-person consultations. This appointment-based system allows for personalized service and detailed evaluations of precious metals and collectibles.

Lincoln Coin & Bullion maintains an online presence through their website. The site provides current precious metal spot prices and educational resources for customers interested in bullion investments.

Industry Affiliations

Lincoln Coin & Bullion holds membership in the American Numismatic Association (ANA), demonstrating commitment to professional standards in numismatics. The ANA membership indicates adherence to ethical practices in coin dealing.

The company maintains Professional Coin Grading Service (PCGS) membership, providing access to certified coin grading services. This affiliation supports authentication and valuation of numismatic items.

Lincoln Coin & Bullion has earned BBB Accreditation with an A+ rating from the Better Business Bureau. This accreditation reflects the company’s commitment to customer satisfaction and business integrity.

The business has been BBB Accredited since March 15, 2011, maintaining this status for over a decade. These industry affiliations position Lincoln Coin & Bullion as a credible precious metals dealer in the marketplace.

Products and Inventory

Lincoln Coin & Bullion maintains an extensive inventory of precious metals including gold, silver, platinum, and palladium bullion products. The company stocks popular government-minted coins, bullion bars, and numismatic pieces to serve both investors and collectors.

Gold Bullion Offerings

Lincoln Coin & Bullion carries a comprehensive selection of gold bullion products for investors seeking precious metals exposure. The company stocks popular government-minted gold coins including the American Gold Eagle, Canadian Gold Maple Leaf, and South African Krugerrand.

Popular Gold Coins Available:

• American Gold Eagle (1 oz, 1/2 oz, 1/4 oz, 1/10 oz)
• Canadian Gold Maple Leaf
• South African Krugerrand
• British Gold Britannia
• American Gold Buffalo

The dealer also maintains inventory of gold bars from reputable refiners. Royal Canadian Mint bars and Gold Valcambi Suisse bars are among the bullion bar options available to customers.

Gold products are priced competitively with current market rates. The company requires a $1,000 minimum purchase for all transactions.

Silver Bullion Selection

The silver bullion inventory includes both coins and bars suitable for investment portfolios. Lincoln Coin & Bullion stocks the most recognized government-issued silver coins preferred by investors and collectors.

Key Silver Products:

• American Silver Eagle (1 oz)
• Canadian Silver Maple Leaf
• Australian Silver Kangaroo
• Austrian Silver Philharmonic
• British Silver Britannia

Silver bars are available in various sizes to accommodate different investment budgets. The company also carries pre-1965 US silver coins including silver dimes, silver quarters, and silver half dollars.

These junk silver coins contain 90% silver content and trade based on their silver weight rather than face value. US war nickels from 1942-1945 are occasionally available for customers seeking historical silver coins.

Platinum and Palladium Products

Lincoln Coin & Bullion offers platinum and palladium bullion products for investors diversifying beyond gold and silver. The platinum selection includes government-minted coins from major world mints.

Platinum Options:

• American Platinum Eagle
• Canadian Platinum Maple Leaf
• Austrian Platinum Philharmonic
• Australian Platinum Kangaroo

Palladium products are more limited but include the American Palladium Eagle when available. These metals serve as portfolio diversifiers due to their industrial applications and investment demand.

Platinum and palladium prices fluctuate based on automotive industry demand and investment interest. The company provides current pricing information on their website for available products.

Collectibles and Numismatic Coins

The numismatic inventory extends beyond bullion to include collectible coins and currency with historical significance. Lincoln Coin & Bullion specializes in US coins that appeal to collectors seeking specific dates, mint marks, or conditions.

Popular Collectible Categories:

• Morgan Dollars (1878-1921)
• Peace Dollars (1921-1935)
• Buffalo Nickels (1913-1938)
• Steel Cents (1943)
• Foreign coins from various countries

The company also deals in collectible paper money including silver certificates and other historical currency notes. Tokens and other numismatic collectibles round out the specialty inventory.

These items are priced based on rarity, condition, and collector demand rather than precious metal content. The knowledgeable staff assists customers in selecting coins appropriate for their collecting interests and budgets.

IRA Eligibility and Retirement Investment

Lincoln Coin and Bullion offers IRA-eligible bullion products that meet IRS requirements for precious metals retirement accounts. The company provides guidance on self-directed IRAs while customers work with approved custodians for account management.

IRA-Eligible Bullion Products

Lincoln Coin and Bullion stocks precious metals that qualify for retirement accounts under IRS regulations. IRA-eligible bullion includes specific gold, silver, platinum, and palladium products that meet purity standards.

Gold products must be 99.5% pure or higher. Silver requires 99.9% purity.

Platinum and palladium need 99.95% purity levels. Common IRA-eligible products include:

• American Gold Eagles
• American Silver Eagles
• Canadian Gold Maple Leafs
• Austrian Gold Philharmonics
• Gold and silver bars from approved refiners

The company uses advanced testing equipment like the Thermo Scientific XRF Analyzer to verify metal purity. This technology ensures products meet IRS standards for retirement accounts.

Lincoln Coin and Bullion carries bullion coins and bars that qualify for traditional, Roth, SEP, and SIMPLE IRAs. All IRA types can invest in qualifying precious metals.

Gold IRA and Precious Metals IRA Options

Lincoln Coin and Bullion does not directly offer IRA services but provides IRA-eligible products and guidance on self-directed IRAs. Customers can include precious metals in retirement planning through qualified custodians.

A gold IRA allows investors to hold physical precious metals in retirement accounts. These accounts provide protection against inflation and market volatility.

Precious metals IRAs can hold:

• Gold bullion and coins
• Silver products
• Platinum investments
• Palladium options

Investors must work with gold IRA companies that partner with approved custodians. The custodian manages the account while the dealer supplies the metals.

Lincoln Coin and Bullion helps customers understand which products qualify for retirement accounts. They provide education on precious metals investment strategies and portfolio diversification.

IRA Custodian Considerations

IRA custodians must hold precious metals rather than individual investors storing them personally. Lincoln Coin and Bullion works with customers to ensure proper custodial arrangements.

Qualified IRA custodians handle account administration and storage requirements. They ensure compliance with IRS regulations for precious metals investments.

Key custodian responsibilities include:

• Account setup and maintenance
• Storage in approved depositories
• Record keeping for tax purposes
• Distribution processing when needed

Lincoln Coin and Bullion partners with institutions like Union Bank & Trust for financial services. These partnerships help ensure proper handling of precious metals transactions.

Customers should verify their chosen custodian accepts precious metals investments. Not all custodians offer this service option.

The company provides guidance on working with self-directed IRA custodians. This helps investors navigate the process of adding precious metals to retirement portfolios.

Appraisal and Additional Services

Lincoln Coin & Bullion offers comprehensive appraisal services for both individual items and large collections at $135 per hour after the first complimentary half-hour. The company uses advanced testing equipment including Sigma testers, XRF analyzers, and ultrasonic testers to authenticate precious metals and coins.

Appraisal Services for Collections

Lincoln Coin & Bullion provides professional appraisal services for collectors and estate situations. The company charges $135 per hour for appraisals with no fee for the first 30 minutes.

The business offers line-itemized quotes for customers considering selling their collections. These quotes remain valid for 1-2 weeks and cover both bullion and historic currency items.

For large collections, the company occasionally travels off-site depending on location and availability. They handle collections of all sizes, from small personal holdings to seven-figure estates.

Appraisal Coverage:

• Precious metals bullion
• Historic and collectible coins
• Currency and bills
• Gold scrap and sterling flatware

The appraisal process includes detailed documentation for insurance, legal, or personal record-keeping purposes.

Testing and Authentication Technology

Lincoln Coin & Bullion uses multiple testing methods to verify precious metals authenticity. The company maintains the latest version of the Sigma Tester with thru-testing capabilities.

The Sigma tester provides non-destructive testing that can detect fake coins and bars. This technology measures electrical conductivity to identify authentic precious metals without damaging items.

Testing Equipment:

• Sigma Tester: Latest version with thru-testing
• XRF Analyzer: X-ray fluorescence for metal composition
• Ultrasonic Testers: Thickness and density verification

The XRF analyzer uses X-ray fluorescence to determine exact metal composition and purity levels. Ultrasonic testers measure density and detect internal defects or hollowed-out fakes.

This multi-layered testing approach ensures accurate authentication for both purchases and sales transactions.

Customer Experience and Reputation

Lincoln Coin & Bullion has built a strong reputation in the precious metals industry since 2006. The company maintains an A+ rating with the Better Business Bureau and receives positive feedback from customers for their transparency and expertise.

Lincoln Coin & Bullion Reviews

Lincoln Coin & Bullion has received 137 customer reviews across various platforms. Most customers praise the company’s service quality and expertise.

The company is described as highly rated and trusted within the bullion dealer community. Their long-standing history contributes to their solid reputation.

Customer feedback highlights several key strengths:

• Transparency in pricing and transactions
• Expertise in precious metals guidance
• Integrity in business practices
• Personalized attention for each customer

Many reviews emphasize the company’s commitment to customer education. Buyers appreciate the detailed explanations they receive about precious metals investments.

BBB Rating and Third-Party Ratings

Lincoln Coin & Bullion maintains an A+ rating with the Better Business Bureau. This rating reflects their commitment to resolving customer issues professionally.

The BBB profile shows customer reviews and complaint handling. The company works to address any concerns that arise.

Third-party review platforms show consistent positive feedback. The company’s reputation extends beyond just BBB ratings to include broader industry recognition.

Transparency and Service Approach

Lincoln Coin & Bullion prioritizes customer service to ensure personalized attention for each buyer. They focus on building trust through expert guidance.

The company emphasizes education in every transaction. Customers receive detailed information about their precious metals purchases and market conditions.

Their service approach includes:

• Personalized buying experience tailored to individual needs
• Expert guidance on precious metals selection
• Educational resources for new investors
• Professional complaint resolution when issues arise

The company commits to resolving customer complaints effectively while maintaining their reputation for excellent service. This approach helps build long-term customer relationships.

Buying and Selling Process

Lincoln Coin & Bullion operates by appointment only with specific payment methods and transparent pricing structures. The company offers both purchasing and selling services with detailed fee information and shipping policies.

Ordering and Payment Methods

Lincoln Coin & Bullion operates by appointment only for both buying and selling transactions. Customers must call 402-327-2853 to schedule meetings at their Lincoln, Nebraska location.

The company accepts multiple payment methods for purchases:

• Cash and checks (no additional fees)
• Debit cards (2% processing fee)
• Credit cards (3.5% processing fee)
• Wire transfers (accepted for larger transactions)

Established customers can reserve items and lock spot prices over the phone. New customers need a 30% down payment for phone orders.

When selling to Lincoln Coin & Bullion, customers receive payment through cash, business checks, cashier’s checks, or wire transfers. The company uses Union Bank & Trust for all transactions.

Fees, Shipping, and Pricing Transparency

Lincoln Coin & Bullion provides transparent pricing with premiums and quantities listed on their website. The company explains how they derive their pricing and covers their cost of business openly.

Shipping and Minimum Orders:

• Free shipping on orders over $1,000 (fully insured, adult signature required)
• $18 flat rate for orders under $1,000
• Minimum 50 oz for silver orders from suppliers
• Minimum 2 oz for gold, platinum, and palladium orders

Additional Services:

• Appraisals cost $135/hour (first 30 minutes free)
• Line-itemized quotes for collections (valid 1-2 weeks)
• Phone quotes available for bullion sales

The precious metals market pricing changes daily, and Lincoln Coin & Bullion allows established customers to lock in current spot prices when placing orders.

Frequently Asked Questions

Lincoln Coin and Bullion customers often have questions about the company’s reputation, product authentication methods, and available inventory. The company’s policies and market practices also generate common inquiries from potential buyers.

What factors should be considered when evaluating the reputation of Lincoln Coin and Bullion?

Lincoln Coin and Bullion holds an A+ rating from the Better Business Bureau, which indicates strong customer service and business practices. This rating reflects the company’s commitment to resolving customer complaints and maintaining transparency.

The company has operated since 2006 under the leadership of founder Scott Olson. Customer reviews show a 4.8-star rating on Google+ with praise for professionalism and fair pricing.

Lincoln Coin and Bullion has no known legal disputes or controversies. The company maintains positive testimonials across multiple review platforms including Yelp and BBB.

How does Lincoln Coin and Bullion ensure the authenticity of its precious metal products?

The company uses sophisticated equipment like the Thermo Scientific XRF Analyzer to verify metal content in coins and bullion. This technology guarantees the genuineness of gold, silver, platinum, and palladium products.

Lincoln Coin and Bullion employs certified professionals to conduct appraisals. Their authentication process ensures customers receive legitimate precious metals that meet industry standards.

The company’s commitment to authenticity extends to their buying process as well. They carefully evaluate all incoming metals to maintain inventory quality.

What variety of bullion products does Lincoln Coin and Bullion offer to investors?

Lincoln Coin and Bullion offers gold, silver, platinum, palladium, and rhodium bars and coins. The company maintains a focused, high-quality inventory selection.

They also handle gold scrap, sterling flatware, and historic items. The business deals in rare and collectible coins, currency, and collectible paper money.

Foreign coins and high-demand items like $5 FACE Bag of 35% Silver U.S. War Nickels are available. The company offers PCGS graded coins for serious collectors.

What are the unique benefits of purchasing bullion coins from Lincoln Coin and Bullion?

The company provides expert appraisal services for large collections and estates at $135 per hour. This service helps customers understand the true value of their precious metal holdings.

Lincoln Coin and Bullion offers consultation services for buying and selling guidance. Their market expertise helps customers make informed decisions about precious metal investments.

The business accepts multiple payment methods including cash, check, bank wire, debit card, and credit card. They provide discounts for payments made by cash, check, or bank wire.

How does the market demand affect the valuation of bullion coins at Lincoln Coin and Bullion?

The company bases pricing on spot price, condition, and type of metal. This ensures fair and competitive rates for both buyers and sellers.

Market fluctuations directly impact the value of precious metals at Lincoln Coin and Bullion. The company adjusts prices based on current market conditions and demand.

Real-time spot prices for precious metals are available on their website. This transparency helps customers make timely investment decisions.

What customer service policies does Lincoln Coin and Bullion have in place for buyer satisfaction?

Customers can contact Lincoln Coin and Bullion by phone at 402.327.2853 or email.

Staff members are available by appointment for in-person consultations.

The company maintains an informative website with real-time spot prices.

There is also a comprehensive FAQ section to help customers find answers to common questions.

Lincoln Coin and Bullion’s commitment to customer satisfaction is reflected in their BBB rating.

The company works to resolve customer complaints and maintain positive relationships with buyers.