Lear Capital Review
Caption: Lear Capital Review

Lear Capital Gold IRAs

After contacting Lear Capital and requesting a gold IRA investor kit, we found it’s clear the company works to educate their customers about Gold IRAs. While the kit is helpful, we found their website is useful and has resources for consumers to examine. Similarly, a customer care line is staffed with knowledgeable representatives.

So how does Lear Capital compare to other Gold IRA companies? We recently updated our guide to choosing a Gold IRA and found Lear Capital stood out for its commitment to customer service.

Lear Capital Investments

Lear Capital encourages customers to invest in precious metals by purchasing gold, silver, and other precious metal coins that are compliant with IRS guidelines for IRAs. While other companies can help you invest in a gold IRA, what sets Lear Capital apart from their competition is their customer service. Each customer is assigned a customer representative to help guide customers through each step of the process.

  • Transactions are done in a timely manner without rushing the customer
  • Knowledgeable customer service
  • No tax penalty for transferring from an IRA to a Precious Metals IRA
  • Though modest, the company charges storage fees

Starting a Lear Capital IRA

To invest with Lear Capital, you will need to start an IRA Precious Metals Account, which can be done through Lear Capital with their in-house Individual Retirement Account (IRA) Processing Department. After opening an account, the company will work with your current IRA to rollover IRA funds.

Next, Lear Capital will assign a personal representative, who will work with you to choose which gold IRA to purchase. The website easily describes (including pictures) these purchase options. Coin prices shown on the site change throughout the day because coins are priced at the real-time price. Once the customer is ready to checkout, customers have 10 minutes to complete their order to keep the price for the coin at the price it was chosen before it changes.

lear capital coins

Photo: Lear Capital homepage

After the customer purchases their coins, they have 48 hours to complete payment for the order. They can either wire the money over the phone to Lear Capital or mail in a check. Because it takes about two weeks for a check to be processed, Lear Capital suggests wiring the money over the phone, which takes about a week to process. Once the coins are purchased, the consumer signs the Shipping and Transaction Agreement ensuring the coins will either be shipped to the consumer or placed in the Brinks Coin Depository.

Lear Capital Costs

There is an annual fee of $180 for insurance, shipping, quarterly financial statements and 24/7 online access to their account. As of February 2018, the company does not charge an application fee, but may charge storage fees and commissions on the purchase of gold. The minimum investment at Lear Capital is $7500.

Lear Capital Distributions

Consumers are buying precious metals because of their time-honored inherent value. Even when the economy performs poorly, precious metals can maintain value – or may appreciate in value. In contrast, a conventional IRA may lose value if the economy plummets. For this reason, gold and other precious metal IRAs are considered a hedge against market risks. As Lear explains, when you’re ready to retire and withdraw funds, a Precious Metals IRA can give you an option not found with regular retirement accounts: the ability to physically possess your metals to continue distribution. You also have the option to liquidate your account, though it will subject you to annual Required Minimum Distributions (RMD). For the tax implications and more information on Gold IRAs, read our tips for a Gold IRA buyer.

Required Minimum Distributions

IRA Balance Age Estimated Annual RMD
$10,000 70 $364.96
$75,000 70 $2,737.23
$150,000 70 $5,474.45
$200,000 70 $7,299.27

What Do Lear Capital Reviews Say?

Generally, consumer reviews suggest Lear Capital operates with outstanding customer care. They say Lear Capital wants to educate them before they make a purchase so they are making a good investment. Other consumers mention Lear’s customer care team is very professional and handles problems with ease.

Lear Capital Q&A

  • Does Lear Capital buy back coins?
    If at any point the consumer would like to sell back their coins, Lear Capital cannot guarantee they will buy back the coins. If Lear Capital were to make any offer to buy back the coins, they can offer to buy back the coins at the market price at the time of the buyback.

  • Where is Lear Capital gold stored?
    Gold is stored in a Brinks Depository in Salt Lake City, Utah. The gold is insured by Lear Capital and while it’s at Brinks, it’s insured by Brinks’ insurance company, Lloyds of London.

  • What are the typical Lear Capital fees?
    Each year the customer will be charged $180. This includes storage for the coins, insurance, quarterly financial statements, and 24/7 access to their account online. There are also commissions on the purchase of gold, and storage fees.

  • What are Lear Capital’s credentials?
    Lear Capital is a member of the Industrial Council for Tangible Assets, the Business Consumer Alliance, Trust Link, Numismatic Guaranty Corporation, and the Professional Coin Grading Service.


Lear Capital values educating their customers before they make a purchase, making them a serious Gold IRA consideration. If you are interested in purchasing precious metals you can call 888-717-0870 or use their online order form.

Lear Capital Reviews

Recent Reviews

Featured Review
May 10 2019 6:26PM

The only way to go with Silver & Gold is with Lear Capital, they care about the customer and not just to make a sale! From the first time I made the phone call to receiving my product, I'm very happy for them working for me. Don't get fooled like others who try and up-sell and confuse the buyer.

David C.
Oceanside, CA
October 31 2019 5:11PM

Lear Capital They are a Metals RETAILER NOT INVESTMENT COMPANY! Your “investment” with Lear would have to increase over 50% to break even and that’s a maybe.. When you sell a product HIGH and offer Wholesale for the product when it’s offered back that’s a RETAILER Non registered broker with CFTC = no regulations on how they can scam you. They Produce fraudulent docs to cover their negligence... They bribe the angry ones to change online reviews so they appear in Good Standing Look up the LA City Attorney case. Want to put this review to the test? Call now and offer the coins back to Lear. That’s when you get the news of them robbing you with their fee. Predator VS Prey!!!

I have been in contact with Jeremy about my my unfortunate transaction with Lear. DON’T BE SCAMMED A 3 billion dollar company made up of Predators that chase down prey and high five over the biggest commission.. CALL NOW TO TEST THIS REVIEW IF YOU DEALT WITH THEM sell the coins back and contact your attorney! Stay away if not.

Peggy W.
Columbus, GA
Lear Capital

Peggy, your complaint offers multiple inaccuracies. We have reached out to you and your son several times. Your son asked Lear to provide him with a refund that was 7x what you purchased. Let it be known we have offered a complete refund of your entire transaction and it was accepted. Many of your assertions, written by your son are negligent and libelous. What you have alleged are all criminal acts which if were true could be easily prosecuted. What happened is after you agreed to purchase metals, signed an agreement on the price, completed a verbal trade confirmation and received an invoice fully disclosing all the terms of the deal buyers remorse set in. And that is OK. Lear works with clients to ensure they have a good experience. However, you choose to throw a temper tantrum, disrespected several employees, went online to disparage our reputation and received a full refund. When all you had to do was call your broker and request assistance and received the same result.

April 25 2019 6:43AM

Friendly salespeople preying on retirees who don't understand the huge markups they are paying. Compare prices at several online metals dealers so you can see what's a reasonable price.

Martin G.
Melbourne, FL
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