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Lear Capital Review Summary

In our Lear Capital Review, you'll learn why the company remains one of the top gold IRA choices as we head into 2024. The markets might be turbulent, but there's no reason why your retirement savings can't find a safe harbor with Lear Capital. We've reviewed over 20 gold IRA companies at ChillReptile, and Lear stands out with great products and service. We rated Lear Capital 4.5/5 stars.

Overall Rating: 
4.5/5 stars





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Key Features of Lear Capital Review:

  • In business since 1997, making them one of the oldest gold IRA company.
  • Over $3 billion in transactions processed means a lot of people have placed their savings in their hands.
  • Good selection of all four precious metals to choose from in and out of an IRA.

Lear Capital Pros & Cons


  • Customer Service and Support: Lear Capital is known for its excellent customer service, with high ratings from clients.
  • Transparent and Competitive Pricing: Lear Capital offers transparent pricing with a price match guarantee. If you find a better price within 24 hours of your order, Lear Capital will try to match or beat it, which is a significant advantage for investors looking for the best deal.
  • Easy Account Opening Process: You have to get in contact with one of their representative to open an account but this is a very fast process and can be done under 10 minutes.


  • High Fees for Small Investments: While Lear Capital offers a flat fee structure, the fees may be considered high for those with a smaller amount to invest.
  • Limited Focus on Precious Metals: Lear Capital primarily focuses on gold and silver, offering fewer options for other metals.

What is Lear Capital? Company Background & Overview

For over two decades, Lear Capital has been a dedicated guide in the ever-changing world of precious metals investing.

Since its founding in 1997 by Julian Lear, a respected figure in the gold and silver market, Lear Capital has consistently built trust with individuals seeking to diversify and safeguard their portfolios through physical precious metals.

Lear capital homepage

Their team brings an impressive depth of experience to the table. Knowledgeable account executives like Michael DeHaan and Brian Martin are passionate about helping clients navigate their investment journey with confidence.

Their expertise is complemented by CEO William R. Heyde, specifically his long and successful track record in the precious metals industry.

Together, they form a powerhouse team dedicated to ensuring every client receives exceptional service and valuable insights.

Lear Capital IRA Products & Services

Lear Capital offers a variety of products, including a physical gold and silver IRA, which is common in the IRA industry. They also have an extensive selection of gold and silver coins for investment, valued for their worth.

Let's explore each of their offerings in detail:

1. Physical Gold & Silver IRA

Lear Capital offers a self-directed Gold and Silver IRA, attracting investors who want to diversify their retirement portfolio with physical precious metals.

lear capital review

2. Investing the Lear Way

Unlike traditional IRAs, Lear Capital's Gold and Silver IRA allows you to invest in gold bullion, coins, and bars. This provides a tangible hedge against inflation and market volatility, potentially adding stability to your long-term retirement plan. Lear Capital handles the logistics of storing your precious metals in a secure depository, fully insured by Lloyd's of London.

3. The Investment Process

Opening a Lear Capital Gold and Silver IRA involves a straightforward process. You can start with an initial investment of $5,000, and Lear Capital guides you through rollovers from existing IRAs or 401(k)s. Their dedicated representatives support you throughout, ensuring a smooth and efficient experience.

4. Gold and Silver Coins

When investing with Lear Capital, you gain access to a meticulously curated inventory of bullion, increasing the chances that you'll find the perfect fit for your investment goals. Here are some examples of what you can expect from the inventory:

  • American Gold Eagles: These iconic coins, available in all sizes from 1/10 ounce to 1 ounce, come in brilliant uncirculated condition and hold the prestigious title of official U.S. gold bullion.
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  • Canadian Maple Leafs: Boasting a sleek design and exceptional purity, Maple Leafs come in sizes ranging from 1/10 ounce to 1 ounce, offering flexibility for budget and investment size.
  • Gold Krugerrands: Renowned for their simplicity and affordability, Krugerrands are available in 1/10, 1/4, 1/2, and 1-ounce sizes, making them a popular choice for entry-level bullion investors.
  • Pre-1933 U.S. Gold Coins: For history buffs and collectors, Lear Capital offers a selection of pre-1933 U.S. gold coins, carrying the allure of a bygone era while holding significant numismatic value.
  • American Silver Eagles: These popular coins, featuring the majestic American Silver Eagle design, come in 1-ounce sizes and offer a cost-effective entry point into silver bullion.
  • 10-Ounce Silver Bars: Lear Capital provides 10-ounce silver bars for those seeking larger silver holdings, offering substantial value per purchase and a satisfying heft in hand.
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5. Collectibles and Unique Bars

For those seeking bullion with an extra touch of intrigue, Lear Capital offers a curated selection of collectible coins. Limited-edition releases, proof sets, and rare historical pieces cater to numismatic enthusiasts looking to combine investment potential with the joy of collecting.

Lear Capital also boasts a diverse selection of gold and silver bars that goes past just the ounce-level bars we're all used to. Choose from classic rectangular bars or opt for unique designs like the prospector-themed gold bar or the captivating lunar silver bar.

6. Platinum and Palladium


Beyond the traditional gold and silver, Lear Capital offers a selection of platinum and palladium bars for investors seeking diversification and potentially higher returns. These industrial metals come in various product shapes and sizes, catering to both novice and seasoned investors.

How does a Lear Capital IRA work?

Setting up a Gold IRA with Lear Capital involves a guided process:

  • Consultation: You contact their team to discuss your financial goals and investment needs. They'll guide you through the options and answer any questions you might have.
  • Account Setup: You open your Gold IRA with Lear Capital's assistance. They handle all the paperwork and IRS compliance.
  • Funding: You transfer funds from your existing IRA or roll over another retirement account into your Gold IRA.
  • Selection: After the funds are in the account, choose from a diverse selection of gold and silver coins and bars to invest in.
  • Storage: Your precious metals are securely stored, usually in a Delaware Depository Service Company (DDSC) vault, insured by Lloyd's of London.

Lear Capital Fees and Pricing

Lear Capital offers competitive pricing compared to other Gold IRA companies. Let's explore their fees section to find out if they are more affordable than their competitors.

1. Investment Minimums

  • Direct Bullion Purchases: To begin your physical gold and silver journey with Lear Capital, you'll need an initial investment of at least $1,000. This applies to both coins and bars of various sizes and metals.
  • Gold and Silver IRAs: If you're looking to diversify your retirement portfolio with precious metals, Lear Capital's Gold and Silver IRA requires a minimum initial investment of $5,000. This minimum might change based on ongoing regulations or market conditions, so staying updated on their website is advisable.

2. One-Time Setup Fees

  • Direct Bullion Purchases: Lear Capital charges a one-time setup fee of $300 for opening an account and facilitating your initial bullion purchase. This fee covers administrative costs and sets you up for future transactions.
  • Gold and Silver IRAs: For setting up your precious metals IRA, Lear Capital applies a one-time setup fee of $280. This covers establishing your IRA account and guiding you through the rollover process, if applicable.

3. Annual Storage Fees

  • Direct Bullion Purchases: Storing your precious metals securely is essential. Lear Capital partners with a Delaware depository and charges an annual storage fee based on the total market value of your holdings. The base rate is $80 for the first year, followed by $75 for subsequent years. However, these fees might be waived depending on your total investment amount.
  • Gold and Silver IRAs: The annual storage fee for your precious metals IRA also relies on the market value of your holdings. While the base rate mirrors the direct bullion purchases at $80 for the first year and $75 thereafter, Lear Capital offers special incentives for larger IRA investments by potentially waiving these fees.

Is Lear Capital Safe and Secure?

Lear Capital has been a trusted name in the precious metals industry for over two decades. This longevity speaks volumes about their commitment to ethical practices and building lasting client relationships.

Their extensive experience in the market ensures they navigate regulations, market fluctuations, and security challenges with expertise, safeguarding your investments.

Is Lear Capital Safe

Lear Capital boasts an impressive track record of independent verification and recognition. They maintain an excellent rating with the Business Consumer Alliance (BCA) and consistently receive positive customer reviews on platforms like Trustpilot. These independent assessments provide valuable insights into the company's reliability and customer service, further solidifying their reputation as a safe and secure choice.

And, like any top gold IRA company, Lear Capital adheres to strict regulatory guidelines and undergoes regular audits to ensure compliance. 

While no investment is entirely risk-free, Lear Capital's extensive industry expertise, independent verification, secure storage practices, transparent operations, and dedication to customer trust make them a reputable and reliable option for investing in physical gold and silver.

Lear Capital Custodian

As of October 2023, Lear Capital's primary custodian for Gold IRAs is Equity Trust Company. Equity Trust is a well-established custodian with over $50 billion in assets under management, specializing in alternative assets like precious metals within IRAs.

Your physical gold and silver are held in secure vaults housed within a specialized company, offering strong physical security and protection against natural disasters or other threats.

Equity Trust maintains detailed records of your investment, including the type, weight, and serial number of each gold or silver bar or coin you own. This detailed tracking ensures transparency and helps prevent loss or discrepancies.

Your precious metals are held in segregated storage, separate from assets owned by other custodians or Equity Trust itself. This protects your holdings from potential risks associated with commingling assets.

The physical gold and silver in your Gold IRA are insured by Lloyd's of London, a well-respected global insurance provider. This insurance offers additional protection against potential losses due to theft, damage, or other unforeseen events.

Equity Trust undergoes regular audits by independent third-party firms to ensure they adhere to IRS regulations and best practices for IRA custody. These audits provide transparency and assurance for IRA account holders.

You can access your Gold IRA account online and view detailed statements that track your holdings, transaction history, and market values. This transparency allows you to stay informed about your investment and make informed decisions.

It's important to note that Lear Capital may also offer alternative custodians for Gold IRAs to customers who so desire. If you're considering establishing a Gold IRA with Lear Capital, they're sure to be ready to work with you to find a custodian to your liking.

Lear Capital Vault Storage

Lear Capital doesn't maintain its vault for physical gold and silver storage. Instead, they partner with a reputable depository of your choosing, generally preferring the Delaware Depository Service Company (DDSC).

DDSC boasts a highly secure facility equipped with advanced security measures like multi-layered perimeter protection, 24/7 surveillance, and biometric access control. This significantly reduces the risk of theft or unauthorized access.

While your holdings are stored within a shared vault, they are segregated and allocated to dedicated, secure compartments. This ensures your gold and silver are easily identifiable and readily accessible if necessary.

Due to security regulations and insurance requirements, direct customer access to the vault for inspecting or withdrawing their holdings is typically not permitted. However, Lear Capital facilitates withdrawals or sales if needed.

Gold Buy-Back Program

Lear Capital's Gold Buy-Back Program offers a convenient way to sell your physical gold and silver back to them, but it's important to understand the details and limitations before diving in. Here's a breakdown:

1. Eligible Metals

  • You can sell back gold and silver coins and bars originally purchased from Lear Capital.
  • Unfortunately, the program doesn't extend to gold or silver jewelry, scrap metal, or items outside their original inventory.

2. Buy-Back Price

  • Lear Capital buys back your precious metals at their current "wholesale" price, which is typically lower than the current market spot price.
  • This spread between the buy-back and the spot price is how Lear Capital covers administrative costs and profits.
  • You can find the current buy-back prices listed on their website or by contacting their customer support team.

3. Selling Process

  • Contact Lear Capital to initiate the process and confirm your eligibility.
  • You'll receive a prepaid shipping label to return your precious metals to their insured facility.
  • Once they receive and verify your holdings, you'll be offered a buy-back price based on their current wholesale rates.

Who Should Become A Lear Capital Customer?

Plenty of different kinds of investors will find a home with Lear Capital:

  • The Diversifier: You understand the perils of a one-dimensional portfolio. Stocks dance with the wind, bonds inch ever so slowly, but gold? Gold stands firm, a timeless haven against economic storms. With Lear Capital's diverse selection of bullion and coins, you weave a safety net of precious metals, safeguarding your wealth as others weather the turbulence.
  • The Retirement Architect: Your retirement is not a gamble, it's a masterpiece in the making. A Lear Capital Gold IRA is the mortar that binds your golden years, a physical safeguard against market whims. We handle the paperwork, you reap the rewards – a future shimmering with peace of mind.
  • The Long-Term Visionary: You see beyond the quarterly reports, beyond the fleeting trends. You understand the enduring strength of tangible assets, the silent power of gold and silver whispering through the ages. With Lear Capital, you become a custodian of history, safeguarding your wealth for generations to come.
  • The Security Seeker: Your hard-earned dollars deserve more than a digital ledger entry. With Lear Capital, your precious metals rest in the secure embrace of a Delaware Depository Service Company vault, insured by Lloyd's of London. Sleep soundly knowing your wealth sleeps even sounder, guarded by layers of steel and unwavering commitment.
  • The Customer-Centric: You deserve personalized service, not automated robocalls. At Lear Capital, you're not just a number, you're part of the family. Our dedicated account representatives walk with you, guiding you through every step, ensuring your experience is as golden as your investment.

Lear Capital IRA Customer Reviews: Reputation and Complaints

Better Business Bureau: A mixed bag, where two unaddressed complaints linger. However, resolved issues and a mix of positive and negative reviews suggest an open dialogue with customers, balancing both praise and concerns.

customer reviews

Business Consumer Alliance (BCA): On BCA, Lear Capital really shines. Their AAA rating speaks volumes about their customer focus and ethical conduct. Reviews highlight a seamless account setup, informative resources, and clear pricing. Individualized service by dedicated account executives receives top marks, adding a personal touch to the investment experience. And the complaints have almost uniformly been resolved to the customer's liking.

ConsumerAffairs: While not all sunshine and rainbows, positive reviews reveal Lear Capital's strengths. Customers commend their knowledgeable representatives, diverse precious metal offerings, and secure storage options. Some initially balk at fees, but others recognize the value proposition of secure vaults and professional guidance.

trustpilot review - lear capital

Trustpilot: A respectable 4.8-star rating paints a picture of overall satisfaction. Customers rave about the efficient Gold IRA rollover process, clear communication throughout their investment journey, and easily accessible customer support. One area for potential improvement mentioned by some? Lowering storage fees.

Lear Capital Customer Support

Lear Capital prioritizes customer satisfaction, offering dedicated support through their Customer Care line and email.

Lear Capital Customer Support

Customers can directly contact their account representatives or reach out via a dedicated phone line and email for additional support.

Lear Capital Alternatives

While Lear Capital has carved a niche in the precious metal investment landscape, several other reputable companies deserve consideration. Deciding where to park your hard-earned dollars requires a nuanced exploration of available options.

Here's a glimpse into seven gold ira companies, each with unique strengths that we've reviewed in-depth:

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# 1 - Augusta Precious Metals (Most Trusted)

Augusta Precious Metals is our top gold IRA company recommendation. They have a great reputation, are great for high networth individuals, and have been around since 2012. They are almost completely focused on precious metals as their name suggests. Augusta Precious Metals is extremely well rated by both the Better Business Bureau as well as the Business Consumer Alliance. 

How we rated Augusta

We gave Augusta Precious Metals 5 Stars based on a number of factors, including: Team, Pricing, Support, Security, and Selection.


  • Best for high networth individuals
  • 100% 5 stars at ratings firms (as of 2022)
  • Great pricing and waived fees


  • High minimum investment amount ($50K)
  • Less gold selection than some dealers
  • Not as good for beginners
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# 2 - American Hartford Gold (Best Customer Service)

American Hartford Gold is easily one of the most trustworthy gold IRA dealers, with near pristine ratings and reviews online, great product inventory, and super a super helpful team with great customer service. It's obvious they care about their customers. On the other hand, if you're looking for platinum or palladium, you're out of luck. We gave AHG 5 out of 5 stars. 

How we rated American Hartford Gold

We gave American Hartford 5 Stars based on a number of factors, including: Team, Pricing, Support, Security, and Selection.


  • Pristine reviews and ratings online
  • Great selection of coins and bullion
  • Lots of great promotions & low minimums


  • Pricing is not transparent on the website
  • No platinum or palladium products listed
  • Unclear if they will price match with competitors
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# 3 - Birch Gold Group (Best Choice For New Investors)

Birch Gold Group is a company with almost two decades of history. They’re gold IRA specialists with a great reputation that charges low fees and has an excellent as well as easy buyback program. Birch Gold Group is recommended for new investors since they’re easy and efficient to work with, have low fees and you can start a gold IRA with them for as low as $10,000. 

How we rated Birch Gold

We gave Augusta Precious Metals 4.5 Stars based on a number of factors, including: Team, Pricing, Support, Security, and Selection.


  • Competitive fees and great pricing
  • Awesome customer onboarding experience
  • Great selection of precious metals


  • Some negative reviews online
  • Large minimum account size
  • Not much info on leadership
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# 4 - Lear Capital (Trusted and Established)

Lear Capital is one of the oldest names in the gold IRA industry. Founded in 1997, Lear has made a name for itself for many years as a trusted provider with a solid reputation in customer support and account management. We recommend them for all your gold IRA needs, but if you're looking for platinum or palladiums, look elsewhere.

How we rated Lear Capital

We gave Lear Capital 4.5 Stars based on a number of factors, including: Team, Pricing, Support, Security, and Selection.


  • Excellent customer service and support
  • Transparent and competitive pricing
  • Easy account opening process


  • High fees for smaller investments
  • Limited focus on gold and silver only

5. Regal Assets: A well-established player with over 20 years of experience, Regal Assets attracts with their personalized approach and focus on education. They also offer unique product options like collectible coins and historical bullion, catering to diverse investor interests.

6. iTrustCapital: Looking for a one-stop shop for precious metals and digital currencies? iTrustCapital might be your match. They offer a unique blend of gold, silver, platinum, and palladium alongside Bitcoin and Ethereum, catering to investors seeking diversification across asset classes. Here's iTrustCapital review in detail. 

7. Noble Gold: If customer service is paramount, Noble Gold might be the answer. Their dedicated account representatives receive high praise for their attentiveness and personalized guidance throughout the investment journey. Additionally, their minimum investment requirement is relatively low, making them accessible to a broader range of investors. (Read our review here)

FAQs About Lear Capital

Is Lear Capital Legit?

Yes, Lear Capital is a well-established and reputable company in the precious metals industry. They've been in business for over two decades, serving countless clients and establishing a positive track record. They maintain active licenses and registrations with relevant regulatory bodies, including the Department of the Treasury and the Financial Industry Regulatory Authority (FINRA).

When was Lear Capital founded?

Lear Capital was founded in 1997 by precious metals expert Kevin DeMeritt. Over the past 25 years, they've grown to become a recognized player in the market, serving a lot of customers and earning a solid reputation.

Does Lear Capital provide a free gold IRA investor kit?

Yes, Lear Capital offers a free gold IRA investor kit filled with valuable information about investing in precious metals through IRAs. This kit includes educational materials, FAQs, and guides to help you understand the benefits and considerations of setting up a Gold IRA. You can request your free kit through their website or by contacting their customer service team.

Does Lear Capital deliver all around the US?

Yes, Lear Capital delivers all across the United States. They partner with secure shipping companies to ensure your precious metals arrive safely at your designated address, whether it's your home or depository.

Lear Capital Review - Is it Right For Your Gold IRA Investments?

If you're looking to add some real value to your portfolio with gold or silver, Lear Capital is worth checking out.

They're a great example of how investing in precious metals can be a smooth, secure, and even enjoyable experience.

Lear Capital Review

All the more impressive is that they've stayed that way for nearly 30 years, handling the various challenges that come with trying to keep a truly large amount of customers happy.

If you like something in their inventory or how their IRA sounds, you can reach out to a representative and see what they have to say.

About the author 

Sam Rexford

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