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IDC Coin and Bullion Review: Pros, Cons, Is it Legit?

Are you interested in investing in precious metals to diversify your investment portfolio? Perhaps you have coins lying around and want to sell precious metals.

Many companies are offering these services, but not all are created equal. Today, we will discuss IDC and its numismatic coins and gold collectibles.

In this review, we will break down all the details so you can make an informed decision on whether IDC is the right precious metals dealer for your needs. We will even delve into their BBB rating.

How Did IDC Get Its Start?

IDC opened its doors in 2007. IDC Coin and Bullion's headquarters are located at 3696 Ulmerton Rd, Clearwater, FL 33762-4200. The company also goes by the underlying name of KMA Sunbelt Trading Corporation.

IDC Coin and Bullion sells a wide array of gold coins and other precious metals. They also are buyers of precious metals.

Who Owns and Manages IDC?

The website does not talk about the owners of the company, but with a little research, we were able to dig up the details. The following offers the names of the management team members:

  • President ā€“ Mr. Keith R. LeClerc
  • Vice Presidents ā€“ Mr. Brian Stamey and Ms. Dinah Blalock
  • CFO ā€“ Mr. Keith R. LeClerc
  • Customer Contact ā€“ Ms. Rhonda Stamas

What Are Customers Saying About IDC Coin?

We could only find one review for IDC Coin and Bullion, and it was glowing. The customer was very pleased with the services they had received. We would have loved to find more reviews to better gauge the level of service the company offers.

How Do Consumer Rating Sites Rate IDC?

When we research a bullion company, one of our first stops is consumer rating sites. We want to know the BBB rating and whether there have been complaints. Below, you will find the results of our investigation.

Better Business Bureau

When you visit the BetterĀ Business Bureau, you can learn much about a company by its rating. IDC Coin and Bullion is not accredited on the BBB website at the time of this writing.

The rating of the company is A+, with a 5-star rating. There is only one customer review at this time, and there are no customer complaints.

Business Consumer Alliance

We searched on Business Consumer Alliance and could not find a company profile for IDC. With the company in business for 16 years, it is odd there is no profile.

Trustpilot

We also could not find a company profile on Trustpilot. A lack of information on consumer rating sites could be troublesome.

Have There Been Any Major Complaints or Lawsuits Filed?

Researching a company means finding out about the complaints and any lawsuits filed. Before getting started, you will want to learn all you can about a gold dealer.

Customer Complaints

In our research, we could not find any customer complaints online. We searched high and low. Is no news good news?

Lawsuits

There are no pending or past lawsuits against IDC. It is good to know the company has not gone through any lawsuits because of shady business practices.

IDC Coin and Bullion Pros & Cons

The following are some pros and cons regarding IDC coin and bullion:

Pros

Cons

Is IDC Coin Bullion Legit?

IDC Coin Bullion is a legit company. Although the Better Business Bureau does not accredit them, this does not mean they are a scam company. No business is forced to seek accreditation, so keep that in mind.

Going by the one customer review we could find, it appears the company has a knowledgeable staff that helps its customers purchase gold coins to add to their collections or invest in an IRA.

The company does not provide any IRA services or have a dedicated department for IRA investments. If you are interested in purchasing American Silver Eagles Bullion and other coins for your IRA, you would be forced to take possession and then ship them to your depository of choice. Remember that you cannot store IRA bullion in your home.

What Gold and Silver Coins Does IDC Offer?

As stated above, IDC Coin Bullion offers a wide array of bullion options in gold, silver, and platinum. They also offer paper money. The following are some of the coins for sale on the IDC Coin Bullion website:

  • American Silver Eagle Coins
  • Canadian Silver Monkey Coins
  • Canadian Silver Horse Coins
  • American Gold Eagle Coins
  • Canadian Gold Maple Leaf Coins
  • UK Platinum Queen's Beast Coins
  • UK Platinum British Royal Arms Coins
  • Platinum Ronald Reagan Cooks Island Coins

If you are interested in purchasing from IDC Coin Bullion, you can shop online or call (727)-573-2313. It is essential to read the terms and conditions before purchasing gold or other metals.

IDC Coin Bullion states all sales are final and cannot be returned. All bullion orders are shipped with insurance and may require a signature at the company's discretion.

For Whom Is IDC Coin Bullion Best?

Bullion IDC Coin is best for those who want a straightforward means of purchasing gold bullion and coins. If you already know what you want to buy and the spot price of gold, purchasing coins or paper money will be simple with this company.

However, if you are new to investing in gold bullion, especially with an IRA, you may find this is not the dealer for you. Many collectors purchase paper money, bullion, and gold coins from the company and do not need guidance. IDC is not a financial advisor or gold IRA expert.

Our Final Verdict

When researching this bullion company, we did not find any negative reviews, complaints, or lawsuits. We also could only find one customer review. This is concerning for a company that has been in business for so long.

IDC sells a wide array of gold bullion, paper money, and other coins for collectors. They are not a scam, but they may not be right for everyone.

If you want to invest in a gold IRA, you would be wise to go with a company that specializes in helping its customers purchase IRS-approved bullion and coins.

If you are more interested in adding paper money, bullion, and coins to your private collection, this may be the company for you. Because of their lack of customer reviews, we are hesitant to recommend IDC and feel there are better dealers out there who could serve your needs.