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Blanchard Gold Reviews: Pros, Cons, Is It Legit?

Last Updated: April 15, 2024

With so many precious metal firms out there, new investors sometimes feel overwhelmed trying to decide on one that will help guide them. As you begin your journey into investing in precious metals, you will likely hear of many dealer names, including Blanchard and Company Inc.

Blanchard and Company Inc are more commonly known as Blanchard Gold. This firm is one of the oldest and largest in the industry, but that does not necessarily equate to superiority.

If you have been considering Blanchard and Company Inc, you must research and learn the facts. Never trust your finances to just any old dealer.

To save you time, we have gathered as much information on this family-owned company as possible, so our readers will make educated decisions based on what they have learned.

We will tell you what you can expect from the company, including its products and services. We will talk about every detail we discover, whether good or bad.

We will even discuss rare coins, the company's reviews, and customer complaints. Stay tuned until the end, when you can read our final verdict.

An Overview of Blanchard Gold

Blanchard and Company Inc. opened in 1975. Given they have been around for almost five decades, you would think their customer service record would be stellar. Unfortunately, there have been issues over the years.

Blanchard Gold is a precious metals dealer that focuses on helping its customers diversify their investment portfolio options. Many people have bought bullion from Blanchard over the years and often say they paid more cash than the value of the pieces they purchased.

While Blanchard claims to have developed a proven strategy to help people invest in gold, platinum, and palladium coin options, it has a reputation for lacking in delivery.

Blanchard and Company Inc. is located in New Orleans. They provide a myriad of services, but complaints are on the rise.

As we delve deeper into this company, you will learn more about its website and how the business was created. Keep reading to discover more.

Ratings, Reviews & Complaints

This is one of the most important areas from any review, including this one for Blanchard and Company Inc. When researching a company, our first stops are always on consumer rating sites. If the company has a poor rating on the BBB, there are likely problems.

Blanchard and Company Inc have an A+ rating on the Better Business Bureau. The company has been awarded 3.86 out of 5 stars at the time of this writing.

This star rating is based on seven customer reviews. Blanchard and Company Inc. has had no complaints on the BBB website.

We checked many sites, including the Business Consumer Alliance and Google Reviews. These are some of the common complaints among customers at the moment:

  1. The business has been accused of unfair markups on rare coin sales.
  2. Many customers have begun to demand refunds after unfair automatic credit card payments were deducted from their accounts. One customer had multiple charges from his account that were never authorized.
  3. Customers also complain about receiving products they did not buy. Customers want to ensure they get the right order when they pay for rare coins. The shipping process needs to be more controlled and should offer more insurance.
  4. Packaging issues are also common with this company. People complain the packaging is often damaged and the delivery process is very slow. Some customers did not like that they had to sign for their orders, though this is not uncommon.
  5. Many customers claim Blanchard and Company Inc. does not deliver on its many promises. As a buyer, you expect a company to keep its word. If Blanchard is not delivering the best prices and keeping its promises, customers are going to complain.
  6. Customers are warning others about the rare coins offered by Blanchard. When they sell rare coins, they often promise they will rise in value, but many have found this to be the exact opposite of what really happened. Some rare coins lost over 70% value.

If you read the responses from Blanchard and Company Inc., it often appears as if they are trying to protect their reputation without ever owning up to problems.

Customers are warning others about the rare coins offered by Blanchard. When they sell rare coins, they often promise they will rise in value, but many have found this to be the exact opposite of what really happened. Some rare coins lost over 70% value.

If you read the responses from Blanchard and Company Inc., it often appears as if they are trying to protect their reputation without ever owning up to problems.

In other words, they seem to make more excuses than anything. Are they trying to hide anything?

Many people do not want to risk paying too much for an ounce of gold only to be told it was lost in shipment when they came from New Orleans. Too many good companies are in the market to waste time on one that fails to ship on time and correctly.

Pros & Cons

The following are some of the pros and cons of Blanchard:

Pros

Cons

Although Blanchard and Company Inc. certainly has plenty of glowing reviews, those unsatisfied customers worry us, and there are many.

While Blanchard promises to protect its customers, it is actually doing the opposite to each buyer by putting them at risk of losing money.

Is Blanchard and Company Inc. a Scam?

Blanchard Gold is not a scam, but based on the information we have discovered, we do have concerns. Common complaints include delivery issues, lack of value, lack of insurance protection, and high prices.

There are also customer service issues and problems with the precious metals they sell not being as valuable as promised, such as the coinage.

Best Alternatives to Blanchard Gold in 2024

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Products and Services Offered By Blanchard and Company Inc.

This private ownership business is focused on helping its customers get as many precious metals as possible for each dollar they spend. The following are some of the services you can expect from this business:

  1. The company employs numismatists who specialize in grading currency. These professionals help clients source coins from all over the world. Whether you are looking for bullion or collector coins, they can help.
  2. The company guides investors on investing in precious metals for their IRAs. While investing in an IRA, every dollar is tax-free with a traditional IRA.
  3.  Blanchard and Company Inc. promises to try to beat or match any better prices out there. They say they want you to spend as little as possible when they sell precious metals.
  4. Blanchard and Company Inc. promises a 100% buyback guarantee based on the current spot price of gold. Just remember they will pay you a little less than the spot price.
  5. Each client receives a dedicated account representative who helps guide them for the life of their account. You will not pay anything extra for the cost of this service other than your fees for maintenance.

How to Order Rare Coins From Blanchard Gold

The steps are not difficult if you want to order coins from Blanchard and Company Inc. You can order online or by phone. You can purchase using the following payment options:

  1. Bank wire
  2. Credit card
  3. Check
  4. Bitcoin

According to Blanchard, the fastest payment method is via a bank wire transfer. Other payments may take several days.

Gold Coin Shipping Policy for Blanchard and Company Inc.

Blanchard ships via USPS, UPS, and FedEx. You will be given a tracking number when you place your order from their New Orleans location.

All orders are shipped with full insurance. You should never buy precious metals without insurance because your package could be lost.

If your order is under $300, the company will require you to pay a flat $23 fee for insurance. The insurance is provided at no charge if your total is above $300. You will also receive free shipping.

The Precious Metals Market: Why Should You Invest in a Gold IRA?

Investing in a precious metals IRA offers many benefits. With government spending out of control and the economy experiencing problems, many people are turning to precious metal investments to hedge against inflation.

The following are some of the many benefits of investing in a precious metals IRA:

  1. A precious metal IRA will diversify your investments.
  2. Precious metal acts as a hedge against inflation.
  3. There are tax advantages to investing in precious metals.
  4. Precious metal does not devalue like Fiat currencies and other commodities.

FAQ About Blanchard Gold

Although we believe we have been as thorough as possible in this review, we know you probably have many questions before investing your money. Every new investor does when they get started.

The following are some of the top questions regarding Blanchard and Company Inc. and investing in precious metals.

Donald W. Doyle, Jr. owns Blanchard. He has been the chairman since the company first opened its doors.

Double Eagles are valuable because they were the last gold coins struck in the United States. Those in average condition can fetch you up to $2,000.

At the time of this writing, one-ounce fine gold coins can be worth $1,865.73 or more, based on the spot price. This price changes daily.

The most reputable company to buy gold from is Goldco. This company has the highest customer service rating in the industry and offers the fairest prices and the most expert services.

Our Final Verdict

As we prepared for this review, we carried out a lot of research. We wanted to gather enough evidence to either recommend this company or give them a poor rating.

Although they make many promises, have a wide selection, and offer free insurance and shipping on orders over $300, they must deliver in more areas.

We do not recommend Blanchard to our readers. We do not want you to risk losing your valuable retirement savings.

There are far better companies out there. We urge you to research carefully before getting involved with Blanchard or any other precious metals firm.

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