Lear Capital vs Oxford Gold Group
Thursday, September 12th 2024
Investment in precious metals has long been recognized as an attractive means of diversifying portfolios. Lear Capital and Oxford Gold Group, two prominent players in this space, specialize in offering investors opportunities to purchase gold, silver, platinum, and palladium investments. This article compares both companies in-depth, focusing on products offered, services provided, fees charged as well as customer reviews to give potential investors important insight when selecting between Lear and Oxford Gold Group respectively.
Company Background
Lear Capital: Since 1997 when Kevin DeMeritt founded Lear Capital as one of the premier precious metals investment companies in America, Lear Capital has quickly grown into one of the premier precious metals investment firms. Serving thousands of investors through acquisition of gold, silver, platinum and palladium products as part of a diversifying their portfolios with precious metal products like bullion sales, coins sales and precious metal backed IRA accounts – Lear Capital provides comprehensive services at one convenient place!
Oxford Gold Group: The company was launched by Collin Plume in 2017 as an upstart player in the precious metals market, but quickly earned a stellar reputation due to excellent customer service and competitive pricing. Headquartered in Los Angeles, this precious metals firm provides various investment solutions such as bullion sales, rare coin trading and precious metal-backed IRA accounts for investors worldwide.
Products and Services
Bullion Sales
Lear Capital and Oxford Gold Group offer investors access to an expansive selection of bullion products for purchase, typically precious metal bars and coins that come in gold, silver, platinum, or palladium forms.
Lear Capital provides an impressive selection of bullion coins from different mints, such as the American Gold Eagle (1), Canadian Maple Leaf Gold Coins (2), and South African Krugerrand coins and bars ranging from 1 gram up to 1 kilogram sizes. Additionally, Lear Capital also offers bullion bars of various sizes between one gram and 1 kilogram in weight for quick purchase or investment purposes.
Oxford Gold Group also provides an impressive array of bullion coins and bars from different mints, such as American Gold Eagle coins and bars; Canadian Maple Leaf coins/bars; Australian Kangaroo; silver; platinum; palladium bullion products in multiple sizes are available from Oxford.
Numismatic Coins
Collectible Numismatic coins have additional value beyond their metal content and should be graded on rarity, condition, and historical relevance, which could result in considerable appreciation over time.
Lear Capital provides an assortment of numismatic coins, from pre-1933 US gold coins and Morgan silver dollars, commemorative coins and certified pieces graded by professional grading services such as Professional Coin Grading Service or Numismatic Guaranty Corporation (NGC).
Oxford Gold Group provides a more limited selection of collectible coins than Lear Capital does, though still includes pre-1933 US gold coins certified by respected grading services and collectible coins that predate 1933.
Precious Metal IRA Accounts
Lear Capital and Oxford Gold Group both allow their investors to establish precious metals-backed IRA accounts that allow for maximum diversification by adding gold, silver, platinum, and palladium into their retirement savings plans.
Lear Capital provides an all-in-one service for setting up and administering precious metal IRAs. Their trusted custodians and depositories ensure a seamless setup process while they offer guidance and assistance throughout.
Oxford Gold Group also provides full-service precious metals IRA solutions, offering investors assistance in setting up self-directed accounts, transferring funds from existing retirement accounts, selecting suitable precious metal products and more. Oxford Gold Group partners with trusted custodians and depositories that comply with IRS regulations to guarantee secure storage as part of its services.
Fees and Pricing
Bullion and Numismatic Coins
Pricing of bullion and numismatic coins varies based on factors including weight, purity, rarity, and demand; Lear Capital and Oxford Gold Group have gained recognition as providers with competitive pricing that offers investors fair market values for precious metal investments.
Lear Capital provides an open pricing structure, with bullion products updated in real time based on market fluctuations and fees for collectible coins regularly increased despite any transparency provided in pricing models. Unfortunately, some customers have experienced excessively higher-than-normal fees for collecting rare numismatic coins due to this practice and an apparent lack of clarity surrounding pricing structures.
Oxford Gold Group has earned praise for their competitive pricing for bullion products; however, as with Lear Capital, information regarding fees associated with numismatic coins may require direct consultation with an Oxford representative to obtain accurate details.
Precious Metal IRA Accounts
Establishing a precious metals IRA often incurs several fees, including account setup fees, annual maintenance fees, storage, and transaction charges. Both Lear Capital and Oxford Gold Group work with preferred custodians/depositories who may charge their own set of fees for storage/transaction services.
Lear Capital does not publish an exhaustive fee schedule for precious metals IRAs on their website; however, customers have reported that Lear Capital can charge higher fees than competitors within their industry.
Oxford Gold Group stands out by having more open fees associated with precious metals IRAs; their website contains an easily understandable breakdown of costs involved with setting up and maintaining one, making their fees competitive within their industry.
Customer Reviews and Reputations
Lear Capital: The company has an uneven reputation among customers. While some praise Lear for its exceptional customer service and competitive prices as well as extensive product offerings; other customers have complained of high fees associated with coins from collectors as well as lack of transparency when pricing coins and related services. Trustpilot gives them an A+ rating, reflecting positive customer experiences overall.
Oxford Gold Group: The company, although relatively young in terms of the company’s age and experience It has rapidly built a stellar reputation for its customers their customers. Customers have commented on their low pricing, exceptional service, and a seamless IRA set-up procedure as the hallmarks for any company that succeeds. Oxford Gold Group maintains an A+ rating with the Better Business Bureau and boasts an outstanding 4.7 rating for customer satisfaction on Trustpilot, signifying high levels of customer care.
Conclusion
Both Lear Capital and Oxford Gold Group provide various precious metal investment options, such as bullion sales, numismatic coins sales and precious metal-backed IRA accounts. While Lear Capital boasts more coins on offer through their longstanding and established history, Oxford Gold Group quickly made itself known with their competitive prices and superior customer service.
Investors should carefully consider their investment goals and preferences when making the choice between Lear Capital and Oxford Gold Group. Factors like product offerings, fees, pricing transparency and customer reviews will help guide this decision; ultimately though, it all comes down to what suits each investor best.
Ready to add precious metals in your retirement plan?
Now is the right moment to secure your retirement savings in case the markets get worse and even more unpredictable in the near future. In this regard, it is crucial to set up a gold backed roth IRA and transfer some of your assets to gold that is acceptable for IRAs before it’s late. To get started, take a look at the top companies below.
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2 Comments
Great article!
Thank you Patrick and happy investing!