Lear Capital Reviews 3,120

It was a little confusing. Not used to sending a check to invest. I usually use bank transfer.

I had a question about my Gold IRA that was set up with another company and I got all my questions answered and felt so comfortable that I had switched my administrative company of my IRA to Lear Capital. They also helped me purchase physical gold/silver.

Dana Frankfort is very knowledgeable in the precious metals market and has been extremely helpful helping me and my boyfriend get into the market. Conner Maher is also great at his job and it has been a pleasure working with them.

The representative I worked with was very personable and knowledgeable. He explained the market and the purchase options in a manner I could understand. He made great suggestions on what to buy and in what denominations. My purchases arrived promptly and in awesome condition. My rep. followed up with me at every stage. I was happy with my experience.

I was charged a 35%+ commission fee on the purchase of gold coins. I paid $25,375 for 14 Arctic Fox .25 ounce coins BU which can be purchased online for an average of $1,260 (no fees, free shipping) . The total commission was $7,028 which was hidden in the price per coin at $1,812.54 ea. I am currently working with with my state attorney general's office to pursue a full refund which Lear is refusing to do. Search Lear Capital hidden commission lawsuits and settlements---there are many! Also Lear Capital is featured prominently in the new Tucker Carlson gold scam video.
EDITED MARCH 31, 2025 5:50 PM:
Thank you Lear for reminding me about my Silver coins purchased last year and the fact I "was" satisfied...I have just gone back and reviewed that $5005 purchase and now see that I paid a 68% premium over the market value of (60) 1.5 oz Silver Theodore Roosevelt-Mt. Rushmore coins at that time (March 5, 2025) Because they have a "perceived" collectors value it is difficult to place a true value other than the spot value of silver at that time. Spot on March 5, 2025 was $32-$34 making them a metal value of $2,970 and a melt value of $2,035. The "dealer created" collectors value is a limited resale market and has no recognized bullion standard and will likely never increase in value other than the metal weight. The price I paid is NOT a fair price according to bullion standards and have no value other than the melt value. The 68% premium/commission I paid will likely never be recovered. Because I paid $55.61/oz for silver worth ~$33/oz at the time, it looks like I was also defrauded out of $2,970 in addition to the $7, 028 on my gold purchase. But I'm sure you have an explanation for that also. The only thing that saves me from my stupidity is that silver has unexpectedly exploded in value. However, a 68% premium is atrocious and frowned on by regulators regardless of outcome. I will be adding this to my current complaint to my State attorney general.

Joanne was wonderful and attentive to all our needs. She explained everything and took us step by step through the process

i made some mistakes submitting my application but i was respectfully shown how to make correction i appreciate that so much . im looking forward to business with lc again.thank you kelvin brooks

Lear Capital Representative Darius Steele, is a very helpful, understanding and honest person.
Most people who call me about buying gold or silver are so high pressure, and don't want to hear what you have to say, only wants to keep high pressure sales pitch on you.
That is not the case with Darius. No way is he high pressure.
Thanks
Ed

Peter explained in detail how your process worked. He also listen to my previous bad experience with another company and assured me that Lear's processes and integrity would make my purchase stress free.

completely corrupt company! Just look at the spot prices of gold and how many lawsuits they have against them ! I was a customer, this company has had to refund many customers for there deceptive business practices. DO NOT BELIEVE THEM! Just buy your own gold. They are even lying in the response to this review. Just look up what you can get gold for locally and I guarantee it's less !

I have bought silver from Lear Capital a couple of times. And each time that I have called to make another purchase, Annie Anderson is very professional and very friendly and he makes it easy to purchase silver. I have had nothing but a five-star experience dealing with Lear Capital and any Anderson

This company is very busy at this time with everyone investing in Silver. It took a couple of days for a response, however, I did receive an answer to my question in a very positive way. Please give them a couple of days to respond to you. Great Company to deal with!

Armando was polite and respectful and very knowledgeable

During the Roth roll over process, the conversation about a 20% "commission" on metals purchased was not disclosed until we were on a 3rd party call finalizing the transaction. The info could have been on the contract, however this is pertinent information that should be shared while asking details on a roll over. With a 20% commission, I could of perhaps paid taxes on my money and have the physical metals in my possession and avoid the yearly storage fees.

Nope. Just don't do it. The concept of gold and silver in a random warehouse under THEIR management, which you never hold in your hands... nope. If YOU do not HAVE it, then you do not have it! Period. Plus, they mislead you on the very high percentages and fees they keep. Go to a brick and mortar shop and buy from them and hold that commodity in your hand. Do not trust this process of a gold IRA.

I like the hope and opportunity for financial growth. I am slightly disappointed with untimely communications. I am also unimpressed with account access ease and information lack. I am still waiting for information to access my account. Since I have invested 90% of my 401K into lear capital gold and silver, I have felt unnerved and anxious due to above stated concerns.

Tracking the gold and silver market closely, I called Lear Capital on February 27, 2026 (finally spoke to someone after a couple of voicemails and texts) to request a cash distribution. Much to my disappoinment, I was told that they were "not doing buy backs at this time...might be able to in a couple of weeks". The Customer Service rep was rude and even suggested that I work with another "gold" company… that there were hundreds to choose from”. Yikes. After speaking with the Manager, I was told that I would hear back from them as soon as "their work-load eased up". Can Lear arbitrarily stop transaction requests due to limited resources on their end ?Anyway, by the time I heard back the value of Silver (which was the metal being discussed) was tanking and has continued since. I lost approximately $50K in profit, with margins continuing to erode. Terrible experience. I wouldn't recommend Lear Capital to anyone.

Thank you all at Lear Capital for helping me get my IRA set up in silver. The staff at Lear Capital has made the transition easy and painless. I sleep a lot better at night knowing that my retirement funds are in something stable.
Sincerely,
Martin Miller

For the most part everything went well. Took longer than I thought for the precious metal to ship out but non the less great experience and I’m happy with the purchase!

Customer service is where it is at. I had a small problem and they are taking care of it. It's that simple.