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If you've done an online search looking to purchase precious metals, you've likely noticed that there are a large number of online companies offering this service. This can make it quite difficult to weed out the reputable companies from the less-reputable ones and decide which company is the best to work with.
One of the many companies you may have come across during your search is ICCoin. If you're wondering whether ICCoin, of International Coins and Currency, is the right company to work with, you're in the right place. We've put together a comprehensive review if ICCoin, the products and services they offer, and feedback from past customers to help you make an informed decision.
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About ICCoin
ICCoin, which stands for International Coins and Currency, is a coin, collectibles, and jewelry dealer. They have been in business since 1975, and serve customers from all over the world.
Compared to many other online precious metals coin dealers, ICCoin offers a very large selection of coins. These include United States coins, international coins, class coins, modern coins, and rare coins. They also sell other collectibles such as rounds, stamps, banknotes, and jewelry.
ICCoin's website is laid out to help you find exactly what you're looking for and easily make a purchase. The side of the website highlights the different categories, including US Coins, World Coins, Supplies, Other Collectibles, and Bargain Vault. When you click on one of these categories, sub categories will be displayed to help you further narrow your search and find what you want.
When you're ready to make a purchase, you can pay using a credit card (Visa, MasterCard, Discover, or American Express) or PayPal.
US Coins
ICCoin's selection of US Coins is really quite impressive. If you're looking to hold a piece of United States history in your hand by purchasing historic coins or would like to purchase some of the newest gold and silver coins, ICCoin can help you accomplish these goals.
The US Coins section of the website is broken down into 12 different categories to help you find exactly what you're looking for. These categories include: Early Coinage, Cents, Nickels, Dimes, Quarters, Half Dollars, Dollars, American Silver Eagles, Proof Sets, Mint Sets, Commemoratives, and Starter Sets.
Below are a few samples of the coins you can find under each of these categories:
Early Coinage
Cents
Nickels
Dimes
Quarters
Half Dollars
Dollars
American Silver Eagles
Proof Sets
Mint Sets
Commemoratives
Starter Sets
World Coins
Purchasing coins from around the world may also be of interest to you. With ICCoin, this is also possible. They offer a wide array of coins from various countries around the globe, and are sure to have something for every investor.
Below are some of the coins you can find from world countries:
Canada
Mexico
Australia
Germany
Great Britain
British Virgin Islands
China
Philippines
Africa
Ancient Coins
Collectibles
In addition to the vast selection of US and world coins you can purchase through ICCoin, they also sell other collectibles. These include:
Supplies
When you purchase coins and other collectibles, keeping them safe is important. You may also want to proudly display your possessions. ICCoin offers a variety of coin albums and books, storage boxes, capsules, and other supplies to help you protect your prized possessions. These include:
Bargain Vault
The Bargain Vault on ICCoin's website is the perfect place to visit if you're looking for a steal. Here you'll find a mix of coins, collectibles, and other products available for a great discount. The products change frequently, so you'll want to check in regularly to see what is on sale.
The products in the Bargain Vault typically fall under one of five categories. These include US Coins, US Silver Dollars, World Coins, Supplies, and Miscellany (other items that don't fall into one of the other four categories).
The amount of the discount can vary from product to product. You may be able find some deals where you can save 25% or more on an item.
Precious Metals IRAs through ICCoin
While many online precious metals dealers offer IRAs, it does not appear that this is a service offered by ICCoin. If you're looking to set up a Gold or Silver IRA to save for retirement, ICCoin isn't the right company for this.
Shipping and Insurance
Orders over $499 with ICCoin ship for free. For other orders, you can choose from standard, expedited, or two-day shipping depending on how quickly you'd like to receive your precious metals. The prices for these vary depending on the shipment method selected.
Delivery is also available for Canadian and international orders, but can take up to three to four weeks after the order has processed.
If you decide you are not satisfied with your purchase, ICCoin offers a 30-day no-risk home examination period for purchases. If you decide that you are not satisfied with your order, unaltered items can be returned for a refund. The return window for special order items is 10 days.
If you decide to make a return, you can call or email ICCoin to start the process. You'll need to securely package the return and include a letter stating the reason for returning the item and whether you'd prefer to receive a refund or exchange the item.
Are There Any Red Flags for ICCoin?
Reading through reviews on review agencies and reputable rating sites is one way to learn more about a company and how they do business. As you can see below, ICCoin is an accredited business with the Better Business Bureau and holds an A+ rating. However, they do not have reviews listed on the other major review sites we checked.
This doesn't necessarily mean the company is untrustworthy, but the lack of reviews can create some questions. When you search a bit more online you can find more reviews for ICCoin, but many are negative.
Is ICCoin a Scam?
So, is ICCoin a scam? No, we wouldn't say that ICCoin is a scam. They are a legitimate company that has been in business since 1975 and have a physical address in Montpelier, Vermont.
That said, just because ICCoin is a legitimate company, it doesn't mean that you'll want to give your business to them. With many of the online reviews being negative and the lack of more positive reviews, it does make one wonder about the service the company offers.
Negative reviews indicate the individuals were not happy with their experiences with the company and likely didn't receive a satisfactory response when they brought their concerns to the customer service department. This may be a sign that you'd be better off find another company to help you purchase precious metals or other collectibles.
Also, since ICCoin doesn't offer IRAs, as many other precious metals investment companies do, you'd be better off find a company that offers this service if you'd like to start saving for retirement while taking advantage of investing in precious metals.
Shipping is only free with orders greater than $499. For many other websites, the threshold for free shipping is much lower, typically under $200.
Features
Pros:
Cons:
Final Verdict
ICCoin offers an impressive selection of precious metals and other collectibles. However, despite this selection, we still wouldn't recommend giving your business to ICCoin. Customer reviews indicate that the company's customer service is lacking. ICCoin also doesn't offer Precious Metals IRAs, like many other precious metals investment companies. If you're looking to purchase gold and silver coins or other collectibles, we'd recommend going with one of the other, more-reputable and trustworthy, precious metals investment companies out there.
Although we do think that Iccoin is a decent company, we believe that there are better companies out there to make your investment with.
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