Paid $58,000 for coins worth $22,000
Robert M. · March 8, 2026
I rolled over my 401(k) into a gold IRA with Lear Capital after seeing their TV ads. The salesman assured me I was getting "exclusive" coins at competitive prices. He said these were special proof coins that would appreciate faster than regular bullion. I trusted him because the company had celebrity endorsements and seemed reputable. After reading The Gold Grift, I had an independent appraisal done. The coins I paid $58,000 for were worth roughly $22,000 at the time of purchase - a markup of over 160%. The "exclusive" coins were standard issue items available from any dealer at a fraction of the price. When I called to complain, they said the premium reflected "numismatic value" and "collector demand." I filed a complaint with the BBB and am now working with an attorney.