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

Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.

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.

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
May 25 2022 6:59PM

Just became a Lear Capital sucker, figure on paying them 30 % more than your gold and silver is worth as soon as you buy it. If you are considering buying anything from them, find out what they are selling you exactly and for how much. Then go see what you can get it for from someone reputable. William ** is a Scumbag.

Gary D.
Springfield, MA
December 20 2021 1:29AM

I was very satisfied with the service from my contact at Lear. Raad **, my contact was very professional and everything regarding the purchases I made went very well with no problems. I would have no hesitation to refer him to friends or family.

Dorothy B.
Taylor, MI
November 20 2021 1:52AM

I got a real education from my counselor about silver that I bought. I am in the process of going for some gold. But the service was great. The process to acquire as much as I acquired was uncomplicated. As I said I will be contacting Lear Capital for more.

Donald W.
Boerne, TX
May 04 2020 12:40PM

I was looking for something to make an investment in but wasn't sure in these times. Knowing nothing about precious metals, George was a great help and made my experience extremely easy. I like the idea of actually having my investment in my hand.

Bryan P.
Flushing, MI
February 25 2020 8:59PM

I invested with Lear Capital more than 3 years ago transferring all my 401K savings to precious metals IRA with somebody named Greg. I trusted them with my investment. After more than 3 years when I called, the manager says Greg has retired with the company. And I lost more than 30K in investment.

I dont know how they charge me with so much fees since gold and silver prices is higher than when I purchased it. I should have gained. I dont know if Better Business Bureau can help since i lost 1/3 of my life savings with Lear Capital. I dont know who can give me advise on what to do. Please help.

Jose V.
North Laiuderdale, FL
February 24 2020 8:23PM

Agree with Peggy - they are SCAM artists and extremely predatory. They will take 33% of your money as "fees"./ These are slipped in using unknown acronym during a recorded session. They stole $33,0000 from our account and told us we should have known. We also spoke with Jeremy. My guess fielding pissed off investors is a full time job. He talks in circles and goes back and forth between soft selling and getting extremely aggressive. We have asked for a resolution and told NO. We will be contacting our attorneys.

Sydney B.
Dallas, TX
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
Write Review