Last Updated on March 17, 2024 by Ben
Blanchard and Company
Looking for a reliable and experienced precious metals dealer? Look no further than Blanchard and Company! For over 40 years, Blanchard and Company have been providing customers with quality products and services. They are committed to providing their clients with the best possible experience, which is why they offer a wide scope of products, competitive prices, and excellent customer service.
Blanchard and Company Review
Who is Blanchard & Company?
Blanchard and Company opened up in 1975. Now, more than 40 years later, they are still family-owned by the Blanchard family. Since they opened up, they have served over 450,000 clients. They also transacted over $1 billion in sales, only in the last three years.
The company’s physical address is 909 Poydras St, New Orleans, LA 70112.
Blanchard has been providing quality services and products for investors for more than three decades. The company specializes in offering a product called a “precious metal IRA.”
Blanchard is a company in New Orleans that helps educate clients about investing. They work with economists, experts on coins, and consultants for rare items to make sure that clients have all the information they need.
The company offers a way for the public to invest in gold and other precious metals. This can help them prepare for their future and retirement. The company has been given good ratings from authority sources, which makes it a good choice for an IRA investment.
Info & Background
The company was established in 1975 by “Jim” U. Blanchard III. He was a well-known person in the movement to make gold ownership legal for individuals. Gold became legal after he helped get it changed, and then he became one of the most well-known people in that industry (the gold investment space).
Blanchard has been a rare coin and precious metals dealer for 45 years now. The company is headquartered in New Orleans, Louisiana, and offers a large selection of rare and numismatic coins for collectors. Some people who buy rare coins use two dealers. Blanchard is one of them. Five years ago, there were at most two companies in the world to buy rare coins from a treasure that was found in Spain. It is not easy to find good options for IRA-approved precious metals products, but it is possible.
Blanchard & Company Management Team
Chairman – Donald W. Doyle, Jr.
Donald W. Doyle Jr. is the chairman of Blanchard. He obtained his undergraduate degree from the University of Notre Dame in 1966 and his law degree from Tulane University Law School in 1968. After he finished school, Donald joined the United States Marines Corps, where he did two tours in Vietnam. Doyle left the Marine Corps in 1970 as a Captain. In the 1990s, they flatter as members of an organization that supported and lobbied for legislation allowing people to hold gold within their IRA.
President & CEO – David Beahm
David Beahm has an undergraduate degree from the University of New Orleans and an M.B.A. from Ellis College in New York. He has worked at Blanchard for over ten years and has held many positions within the company. David Beahm is an expert on precious metals investing and the financial markets. His knowledge has been featured.
President & CEO – David Beahm
David Beahm has an undergraduate degree from the University of New Orleans and an M.B.A. from Ellis College in New York. He has worked at Blanchard for over ten years and has held many positions within the company. David Beahm is an expert on precious metals investing and the financial markets. His knowledge has been featured
Is Blanchard Gold a Scam?
Blanchard Gold Company is not a scam. They have existed in business for 45 years, which is a very long time. That is an accomplishment in and of itself. Blanchard offers gold, silver, and other precious metals and offers all of these things in different forms. For instance, they sell coins and bullion online. They also specialize in coins that are rare.
Blanchard and Company were started in New Orleans in 1975. They have been a good company for over 30 years. Let’s take a look at their business and see if they are worth your time.
Blanchard Gold Policies
If you buy a numismatic coin from them, they will give it back to you if something goes wrong for ten days. They have a buy-back scheme that lets you sell your coins back to them at any time.
No notable government actions have been taken against Blanchard & Company, Inc. So far, they have answered all complaints that have been charged against them. This means they listen to their customers and work with them when needed. This is a good thing.
Blanchard Products Available
If you are a collector, there is a large selection of rare coins at Blanchard. If you are interested in buying bullion that meets IRA requirements, there is a smaller selection than with other precious metals companies. However, Blanchard does offer gold, silver, platinum, and palladium that meet IRA requirements.
Some popular IRA-approved gold coins include the Canadian Gold Maple Leaf, the Gold American Eagle, the American Gold Buffalo, and the Australian Gold Kangaroo. Different sizes of gold bars are approved for IRAs. Silver products have various IRA-approved bars and the Austrian Silver Philharmonic coin. The only approved palladium product is a one-ounce Pamp Palladium Bar. Platinum products don’t currently have an option for IRAs.
Bullion Bars
Diversify and build your portfolio with gold bullion bars, which are available in a full range of weights to fit your investing needs. Gold bullion bars offer a strong investment advantage because they are a low-premium way to own the metal. Blanchard-certified bars are easily carried, stored, and sold in different places. They have a lot of different styles and sizes: 1 oz., ten oz., 1 kg, and 400 oz.
Bullion Coins
For a coin that is both beautiful and valuable, consider the “VF $20 Lib.” This coin has increased in value by more than 300% since 2000. It has a numismatic premium, but lower circulated grades typically trade at close to the gold spot price. If you are buying gold, then you would probably want to buy gold coins. The VF $20 Lib reacts differently to changes in the spot price of gold. Unlike gold bullion, it is not volatile.
Numismatic Coins
The history of rare coins is interesting. It has many types, like the Nicephorus III Christ Nomisma. There are also coins that come from the Bible. Coins and world history go together to tell the best story of all time.
This coin was made by Emperor Nicephorus III. He ruled from 1078 to 1081. He made the gold Nomisma, which was the standard currency during the Byzantine era. One Nomisma could buy a pig, three were required for a donkey, and fifteen were needed to buy a camel.
Blanchard & Company – The IRA Fees
- Initial Setup Fees – $25
- Yearly Admin Fees – $60 – $250 (Scaled Rate)
- Annual Storage Fees – $100 (Scaled Rate)
- Minimum Purchase Amount – $10,000
- Preferred Depository – HSVC Bank NYC
How Does Blanchard and Company Work?
Shipping & Home Delivery
When you buy silver from Blanchard and Company, the shipping and insurance fee is $90 for every $1,000 worth of silver that you purchase. This means that a $10,000 purchase would have a shipping and insurance fee of $900. If you choose to have your purchase shipped directly to you via USPS or UPS, The shipping and insurance for a $5 coin would cost $0.45. There is no processing time listed for orders that are placed, but payment by personal check takes seven days for the payment to clear. You can pay for an order with a money order or cashier’s check. Three days are needed to clear the payment. This is slower than paying with a bank wire which takes one day to clear.
Blanchard Buy Back Guarantee
The Blanchard Buyback Guarantee guarantees that you can sell any items you buy from us back to us at the price they sold them to you for.
Can you Sell Back to the Company?
Yes, Blanchard Company takes pride in the fact that it is interested in buying back your investment from you. However, it does not promise to buy back every single coin from you.
Advantages and Disadvantages of Choosing Blanchard & Company
Advantages
People like Blanchard because no complaints have been filed against them with the BCA through the last three years. This is a vital factor that people take into account before they choose an IRA company because it helps to know they are working with a reputable firm that specializes in their investment options.
Moreover, Blanchard offers a wide selection of products and services that its clients appreciate. These include gold and silver coins, both of which are rare and IRA-eligible, as well as gold and silver bars.
The buy-back guarantee is a good feature that investors like about Blanchard. This way, if you want to sell a product you bought from the company, you can do so at the current market price.
- 40+ years in business and assisted over 450,000 clients
- Fair yearly storage fees
- Buyback your investment
Disadvantages
Even though Blanchard has a good record and is rated well by the Business Consumers Alliance, there have been a few complaints filed against it with the Better Business Bureau.
Some people filed complaints. They were not happy about the different things that the company did. The BBB helped them with the problems and made them feel better.
Some people who have worked with Blanchard have left reviews on the Ripoff Report website. One client complained about the long wait time involved in getting their metals from the company.
This client had to wait ten weeks for the precious metals to be delivered. This was a very long wait, and it is important to think about this before choosing an investment company.
- They got some pretty serious complaints online
- The website lacks support
- Annual fees are not waived for the first 1-3 years (like some of its competitors do)
Blanchard & Company Gold Reviews & Complaints
There are not many customer reviews of this business, and the ones that are there are not very good. It is unusual to have trouble finding customer reviews when a business has been in the industry for many years.
TrustLink only has one verified review, which is a one-star rating. The BBB reviews show that the company averages less than 1.5 stars. However, the BBB has given the company an A+ rating.
The number of complaints filed with the BBB is concerning, but all of the complaints have been closed and resolved. However, there are so few reviews to go by it is difficult to get a good idea of what the situation is.
The Business Consumers Alliance is a good place to find information about businesses. They publish information about different businesses so that people know which ones are the most reputable. They have information about industry leaders in the precious metals business.
The company has not had any accusation filed against it with the Better Business Bureau in the past three years. However, it has a B rating instead of an A rating. We do not know why this is, but it might have something to do with its track record, which is not perfect.
TrustLink has one review of the company. An unhappy client rated their experience as one star. They said that the firm charged unnecessary fees and exorbitant commission rates. In addition, they said that the collectible coins are not worth the purchase and that people should only buy bullion.
It’s discouraging when there are no good reviews on TrustLink. This one bad review might make people not want to invest their money with this company.
People have used the Ripoff Report website to report two complaints. One person reported that it took ten days for their goods to arrive. This is a fairly standard time for this industry, so they have tried to resolve this complaint on the website too.
Alternatives
Augusta Precious Metals
www.augustapreciousmetals.com
Star Rating
Augusta Precious Metals was established in 2012 to aid its customers in selecting the finest financing alternatives for a secure and pleasant future. They have a Triple-A rating from the Business Consumer Alliance and a TrustLink top possible grade. They also have a Triple-A rating from the Business Consumer Alliance. You may read Google and Facebook reviews to see how many positive comments they receive.
The company also provides price protection for seven days. If the value of silver or gold decreases by seven days after you place your order, you may adjust the purchase price to reflect this new, lower rate.
American Hartford Gold
www.americanhartfordgold.com
Star Rating
In 2015, Hartford Gold was formed as a precious metals investment firm. The firm’s IRA service includes a straightforward approach for establishing a Precious Metals IRA for retirement investors. American Hartford Gold provides an exceptional selection of IRA-friendly gold, silver, and other precious metals investments.
The American Hartford Gold has gold and silver coins as well as platinum bars. The most common gold coins are the Gold Eagle, the Gold Canadian Buffalo, and the Gold Buffaloes of North America. The Silver Gyrfalcon and Silver American Eagle are two of the most popular silver options. The Platinum American Eagle, Platinum Canadian Maple Leaf, and Platinum Austrian Philharmonic are some of the platinum coins available.
Goldco
www.goldco.com
Star Rating
In 2006, Trevor Gerszt launched Goldco. Trevor wanted to start a firm that would assist each customer in making sound financial decisions so that they might retire comfortably and financially thrive in the future. They assist investors in rolling over existing retirement accounts, establishing new Precious Metals IRAs, or buying gold and silver bullions for personal collections or investments.
The Better Business Bureau has given Goldco a grade of A+ and a Triple-A ranking, while the Business Consumer Alliance has given it a Triple-A rating. The company boasts an exceptional track record and high ratings on review platforms such as Trustpilot and Google.
Conclusion
In general, Blanchard and Company appear to be a reliable investment firm with high-quality services. It has an impressive rating from various authoritative sources, and its client base seems generally pleased with the company’s performance. However, it is important to consider any negative feedback before investing in this business. Furthermore, always consult with a financial advisor to get their professional opinion on whether or not Blanchard is the right choice for you.