What is Jefferson Coin? Read this and know them fully!

Welcome to my review of Jefferson Coin!

Have you heard of this company? Are you planning to invest in them?

Well, if you are, you should first read this review!

Let us get to know Jefferson Coin in an in-depth manner.

And finally, answer the question, is Jefferson Coin a scam?

So, let us start on our first question!

What is Jefferson Coin?

What is Jefferson Coin

  • Name: Jefferson Coin/ JCSGOLD
  • Website: https://jcsgold.com/
  • Founder: J. Malcolm Luck & Mac Luck
  • CEO: Jim & Kara Luck
  • Price: Varies (No minimum orders)
  • Rating: 4.5/5.0

Jefferson Coin is a local dealer of precious metal coins, bullions, and paper notes. They buy and sell these products in their company.

The company started as Jefferson Coin Shop. Mac Luck started the shop in downtown Charlottesville for his retiring father, J. Malcolm Luck. 

Jefferson Coin Shop was a father and son hobby built around a love of coin collecting. The shop catered to young & old collectors ranging from novices to advanced numismatists.

In 1979, the pioneers of Jefferson Coin Shop started to transform their hobby into a full-fledged business operation. They started with buying Gold & Silver bullion, Coins, Scrap Gold Jewelry, and Sterling Silver.

Now, the company is located in Charlottesville, Virginia, and is also available online in Anchorage, Alaska. 

Products and Services of Jefferson Coin

Here’s what Jefferson Coin offers, they SELL the following:

Bullion Gold and Silver

Jefferson Gold sells bullion gold like American Gold Coin, this type of coin is considered as one of the most beautiful Gold Bullion coins. It is composed of .9167 fine gold and each coin has been manufactured at the US Mint with US gold.

Apart from gold bullions, they also sell silver bullions like a 1 oz .999 Silver Rounds, a 2013-P 1 Kilo Silver Colorized Snake PCGS MS70 First Strike, and many more.

What is Jefferson Coin

What is Jefferson Coin

Coins

Aside from bullion gold and silver, they also offer 90% silver coin bags, American Silver Eagles, platinum and palladium coins, U.S. gold coins, world silver Coins, pre-1933 US gold coins, world gold coins, morgan dollars, commemorative coins, U.S. proof sets, half dollars, dollar rolls, and peace dollars.

What is Jefferson Coin

Among the silver coins that the company offer is a 2021 – 1 oz American Silver Eagle Coin. It is a coin that is highly coveted by collectors and investors for its production quality and sovereign government backing. It is manufactured at the US Mint. The coin is composed of 1 troy ounce of .999 fine silver mined exclusively in the United States.

Jefferson Coin also offers a 1 oz. Platinum Maple Leaf has a .9995 fineness. It is minted by the Royal Canadian Mint.

What is Jefferson Coin 

More so, they offer a 1 oz US Gold Buffalo which is the only coin ever minted by the United States and offered to the public that is composed of pure 24k gold (.9999). Production of these coins was authorized by Congress through the Presidential Coin Act of 2005, which called for the manufacture of a 24k gold coin with a face value of $50. 

They also have commemorative coins like the 1993 Jefferson Silver Dollar Coin which was produced by the United States Mint to commemorate the 250th Anniversary of Thomas Jefferson’s birth. 

Supplies

 They also offer supplies to partner with your coins and bullions. Some of the supplies that they offer include:

  • Harris Lincoln Cent Folder
  • Cotton Gloves
  • Money Bag
  • Coin Holders

Paper Money

They have included paper money in what they have offered but no paper money was posted on their website. Maybe it is something that they will offer soon or in the future.

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On the other hand, Jefferson Coin BUY the following:

  • Gold Jewelry
  • Silver Bullions & Coins
  • Gold Bullions & Coins
  • 90% Silver U.S. Coins
  • Diamonds
  • Dental Gold
  • Sterling Silver Goods
  • Gold Watches
  • Coin Collections

What you need to know about them

Here are some of the basic information that you need to know about Jefferson Coins:

Location: 

1718 Seminole Trail

Charlottesville, VA 22901

United States

Operating Hours:

  • Sunday: Closed
  • Monday: 10:00 am – 4:00 pm
  • Tuesday: 10:00 am – 4:00 pm
  • Wednesday: 10:00 am – 4:00 pm
  • Thursday: 10:00 am – 4:00 pm
  • Friday: 10:00 am – 4:00 pm
  • Saturday: 10:00 am – 2:00 pm

Shipping rates are based on the total amount of order as follows:

  • $0 – $100 = $7.95
  • $100.01 – $600 = $6.95
  • $600.01 – $4,999.99 = $4.95
  • $5,000+ = FREE

Payment Methods:

  • PayPal for orders under $5,000
  • Check, Money Order or Cashiers Check on orders $1,000 – $10,000
  • Bank Wires for orders over $10,000

Processing Orders:

  • PayPal orders are shipped in 1-3 business days depending on order history and amount.
  • Furthermore, Checks, Money Orders, and Cashiers Checks ship 10 business days from the day the check is deposited.
  • Also, Bank Wires ship in 1-3 business days and sometimes the same day the wire is received.

Reviews and Ratings of Jefferson Coins

  

What I LIKE About Jefferson Coins

  • They have been in the industry for a long time

Jefferson Coin was founded in 1962, they have half a century of experience in buying and selling gold and precious metals. Thus, you’ll have no worries about how knowledgeable and experience they are in the industry.

  • Easy to Order

With Jefferson Coin, you can call to order or simply add to the cart your orders. They offer an e-commerce site wherein you can directly place your orders by creating an account on their website.

  • Transparent with Prices

More so, Jefferson Coin is transparent with their prices, they post how much an item cost, how much its shipping fee costs, and other important cost and fees that you have to pay.

What I HATE About Jefferson Coins

  • Cancellation Fees

The company charges you an amount of $50 cancellation fee. Your bullion orders are also subjected to any market loss. On the other hand, market gain remains the property of JCSGold.

  • Not indicating if coins or bullions are IRA-eligible

Jefferson Coins did not indicate in the description of their products if they are IRA-eligible. Also, they do not mention anything about IRAs. So, I think, Jefferson Coins does not focus on selling coins and billions for IRAs.

  • Not BBB Accredited or Rated

This company is not BBB reviewed, accredited, or rated. I think they should get themselves accredited so that more people will trust their company’s reputation.

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Is Jefferson Coins a Scam?

Upon reading and reviewing them, I think Jefferson Coins is NOT A SCAM.

They have a well-trusted reputation in the industry because of their half a century of experience.

Aside from this, they keep up with the trend through implementing an e-commerce site, so, that’s a plus.

However, I do not see anything about IRAs on their website. I think their buying and selling of gold and precious metals are not inclined in the market of people looking for an IRA for their investment portfolio.

Final Thoughts

Jefferson Coins is a good company. They have plenty of positive reviews and can be trusted by many.

But, if you are looking for something to help you with your dream of having gold and precious metals IRA, I would highly recommend GOLDCO.

Goldco is a company that you can trust and puts effort into their customer service as well as the knowledge that they provide to their clients. They prioritize having smart and well-informed clients that will invest in gold and precious metals. 

You can learn more about them if you click on the button below!

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Thank you for reading my review about Jefferson Coins! I hope I was able to give you important information about this company! You can type in your comments below! We love to hear from you!