What is Legacy Precious Metals?Legacy Precious Metals Locations, Timings, Email, Phone, Services
Legacy Precious Metals is a full-service precious metal investment organisation which manages precious metal investments.
The organisation began its business with the purpose of providing people with the key to safeguarding their wealth and preserving their financial security after retirement.
They take pride in being their clients’ one-stop shop for precious metals. This is why they educate investors and offer direct shipping of their bullion stock.
Legacy Precious Metals combines industry expertise and expert advice to equip customers with the resources and skills they need to take control of their future and achieve financial freedom.
The company offers all of its clients the information they need to make sound investment decisions. Legacy Precious Metals prides itself on assisting clients in properly investing in collectable coins and protecting their wealth.
The company attempts to equip clients with the resources they need to attain long-term financial freedom through its investment options and education.
Address: 1100 Jupiter Road Plano TX 75074
Phone: (866) 473-6204
People Behind Legacy Precious Metals: CEO, Owner, Co-Founders & MoreWho owns Legacy Precious Metals? What is the management team behind Legacy Precious Metals?
Legacy Precious Metals’ website has no information about team members, including the CEO and Founder. We found only the LinkedIn profile of its CEO, Charles Thorngren, after digging deeper.
Charles Thorngren: Chief Executive Officer
Charles Thorngren is the CEO of Legacy Precious Metals, and he claims to have more than two decades of experience in financial investments and precious metals. He began selling stocks and bonds in 1995 with a focus on client satisfaction.
Charles then worked in investment banking before starting his own investment firm. To diversify his clients’ portfolios, he ventured into alternative assets that included real estate to precious metals.
Within five years, his client value drew the attention of a Fortune 50 financial firm, which invited him to join their team.
He was previously the CEO and Founder of Noble Gold before joining Legacy Precious Metals.
Legacy Precious Metals Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Legacy Precious Metals
As previously said, this company mostly deals with precious metals. Their offerings are limited, but they are assured to be IRA-approved. The full list is provided below.
American Gold Eagle
Canadian Gold Maple Leaf
Australian Gold Kangaroo
Australian Gold Philharmonic
American Gold Eagle Proof
American Buffalo Coins
American Silver Eagle
Canadian Silver Maple Leaf
Australian Silver Kangaroo
Australian Silver Philharmonic
Highland Mint Silver Round
Australian Silver Coin
Beware of Gold IRA scams. Recently several scams have been charged by the authorities. Companies such as Regal Assets, Safeguard Metals and Red Rock Secured defrauded hundereds of retirees like you and me. I strongly suggest you learn how to identify gold IRA scams. You can request a free guide using the button below:
Legacy Precious Metals does not appear to do business in other precious metals such as platinum and palladium. In this way, their lack of variety in their inventory may discourage potential customers.
How to Invest in Legacy Precious Metals IRA?Step-by-step guide for investing in Legacy Precious Metals IRA
To invest in a Bullion Exchanges IRA, follow these general steps:
Open a Self-Directed IRA Account: Fill out an IRA form to open a self-directed IRA account with one of their trusted custodian partners. You’ll also need to choose an IRA-approved storage facility for your precious metals.
Fund Your IRA Account: Once your self-directed IRA account is set up, work with your custodian to fund your account with cash, rollover funds, or a combination of both.
Choose Your Precious Metals Products: Legacy Precious Metals offers a selection of IRA-approved precious metals products, including gold and silver coins. Choose the products you want to invest in.
Place Your Order: Place your order with them for the selected precious metals products. You’ll receive a quote with the total cost of your order, including applicable fees.
Direct Your Custodian to Make the Purchase: After placing your order, you’ll need to direct your custodian to make the purchase on your behalf. Your custodian will provide you with the necessary paperwork to complete this step.
Store Your Precious Metals: Once your purchase is complete, Legacy Precious Metals will ship your precious metal products to your chosen IRA-approved storage facility for safekeeping.
However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.
Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer in your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.
Learn More About Gold IRAs
If you’re interested in learning about how a gold IRA works, check out the following guide:
Legacy Precious Metals Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
The Legacy Precious Metals website does not disclose its fees and charges. This could be one of the company’s most serious drawbacks. Potential clients may be concerned about the lack of transparency related to fees. It might be particularly difficult for those who appreciate clarity and wish to make informed decisions.
Understanding the fees involved with an investment or working with a financial service provider is important. Having a comprehensive understanding of fees allows investors to analyse the potential impact on their returns.
In a business where trust, openness, and accountability are critical, the lack of fee information on the website may cause some investors to be worried. Clients may wonder why fee information is not accessible and whether there are any hidden charges or unexpected charges associated with using their services.
Companies like Augusta charge ZERO fees for up to 10 years and allow you to choose your own gold & silver. Pacific Precious Metals on the other hand provides fewer options.
Legacy Precious Metals Reviews and Complaints: BBB, Trustpilot, Sitejabber Read all the Legacy Precious Metals reviews & complaints on Pacific Precious Metals
Legacy Precious Metals received a 3.2-star rating out of 5 on the Trustpilot website, which is a reputable business rating platform, based on only one customer review. A customer complained that the company is not trustworthy since it employs scammers who never return the customer’s money.
On Trustlink which is an organisation dedicated to providing relevant ratings and information on certain businesses, Legacy Precious Metals has a 2.5-star rating based on 3 customer reviews and complaints. Where two of them are negative customer reviews indicating poor customer service and shipping service.
Legacy Precious Metals has received #2 complaints on Trustlink
Legacy Precious Metals has received several unresolved complaints from customers. There are also several unresolved negative reviews on different platforms. Our #1 rated gold IRA company has ZERO unanswered complaints on BBB.
Aside from the two rating sites stated above, Trustpilot and Trustlink, the company has no ratings or reviews on BBB, Google, Sitejabber, BCA, or Yelp, which is a red flag for prospective customers.
If a business is not BBB accredited, it is a major red flag because having a business accredited tells customers that you are committed to providing them with the finest experience possible.
This company, unfortunately, does not shine in this area as well. I only discovered a few customer reviews on two different websites. This company has one review on Trustpilot and three on Trunlink, indicating a poor online presence.
#1. A customer stated that she made a large silver purchase with Golmart, but we can see that she was referring to another company. She said their shipment came quickly and that she will again do business with them. So, technically, Legacy Precious Metals has received no positive reviews because she was not praising this company.
#1. A dissatisfied client stated, “This company hires scam artists, and you should protect yourself from them.” It appears that several of the people executing the scam are careless about their customers.
#2. Another customer talked about his bad experience with this company, claiming that he ordered 500 ounces of silver and waited more than 10 days without getting the items he ordered, despite the fact that the money was wired. When he tried to contact them, they made an excuse that there had been a mix-up and that they will ship out soon.
However, the customer stated that it has been 14 days and he has received no update. He also went to their firm and had problems; the staff members treated him very unprofessionally and rudely. At last, the customer stated that he went to this company because of a slightly lower price, but that he will never do business with them.
#3. Another client refused to recommend Legacy Precious Metals and advised everyone to be careful while purchasing items from them. In August 2011, the customer placed an order with the company online. The website claimed that things were in stock and ready to ship, but they did not have the product in stock at all.
At last, the customer had to return the order and receive his money approximately three weeks after the purchase date. Lastly, he stated that they are not honest and good, and shows false ads & shipping policy.
The Nevada Employment Security Division filed an Other lawsuit against Legacy Precious Metals on October 12, 2022. This case was filed in the Clark County Nevada Court’s Eighth District Court in Clark, Nevada. Jones, David M. is the Judge presiding over this case.
Our top companies have a clean background and aren’t involved in any kind of major legal dispute. You can check out the list here.
Is Legacy Precious Metals Legit? Should You Invest With Them?Is Legacy Precious Metals a scam or legit? Are they worth it?
No, I don’t recommend investing with them.
Claims to provide customer education
Zero positive customer reviews
Platinum & Palladium are not available
Lack of Transparency
No pricing is listed on the website
No reviews & ratings on the BBB
Surely, this company is legitimate. Its products are real, and they have been on television and have partnered with well-recognized organizations.
However, their online reputation speaks differently. They only have a few reviews, and all of them are negative. They are not a BBB-accredited business either.
Furthermore, they have no proper information regarding their business practices, charges, fees and their team member. As a precious metals organization, it is critical that your customers are educated simply by visiting your website.
In conclusion, Legacy Precious Metals is not a scam. However, I wouldn’t recommend this company to you. That’s because there are plenty of more reputed firms in the industry.