Welcome to my review of Jefferson Coin! (Updated for 2023)
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's learn more about this company!
Jefferson Coin Summary Review
- Name: Jefferson Coin/ JCSGOLD
- Website: https://jcsgold.com/
- Founder: J. Malcolm Luck & Mac Luck
- CEO: Jim & Kara Luck
- Price: Varies
- IRA Minimum:
- Rating: 4.5 out of 5
What is Jefferson Coin?
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 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. 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.
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.
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. The US Mint manufactured this coin 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. The Royal Canadian Mint minted this 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). The congress authorized the production of these coins 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 the United States Mint produced 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
Their is only a couple of paper money products that they are currently selling on their website.
Furthermore, Jefferson Coin BUYS 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
However, Jefferson Coin does not offer any IRA services which is a very good way to invest. If you are looking for a company with the best precious metal IRA services, then I recommend you check out GoldCo.
How to buy from them?
There are a lot of ways you can buy products from Jefferson Coin. However, the easiest method is through their online shop. All you have to do is create an account and then you can start shopping for whatever you like on their website.
Furthermore, you can also contact them using their email which is info@jcsgold.com or through their hotline number (434) 979-2646. Plus, you can access their contact form here.
What is Jefferson Coin: Important Details
Here are some of the basic information that you need to know about Jefferson Coin:
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
However, there are also products listed on their website that are under free shipping which you can see here.
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
Below, are some of the reviews I found about them online:
Their customer reviews looks good; however, they are not a Better Business Bureau (BBB) accredited business which is a pretty significant thing to have.
What I LIKE About Jefferson Coins
J. Malcolm Luck & Mac Luck founded this company in 1962. So, 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.
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. So, this website is not suitable for someone who wants to invest in IRA products. If you are one of those people, then I recommend you check out Goldco.
What is Jefferson Coin: Final Thoughts
Jefferson Coins is a good company. They have plenty of positive reviews and many people trust them.
However, 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!
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!