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

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Last Updated: April 13, 2024

As you begin investing in precious metals, you will encounter many dealers like IDC Coin Bullion. Not all of them are worth your time, and some are scammers. Whether you want to purchase or sell bullion, finding the right gold company is critical.

Is IDC a company you can trust, or should you avoid it and look for another dealer to purchase gold coins from? Allow us to answer this question and more as we look deeply into the company's day-to-day operations to help you decide if they suit your bullion investment strategy.

What Kind of Company Is IDC?

IDC has been in business for around 16 years at the time of this writing. The company buys and sells precious metals, coinage, old coins, and paper money. The company also offers customers low-interest collateralized loans.

The company is a jewelry and watch store offering numerous numismatic coins, bullion, paper money, and collectible coins like American Silver Eagles coins. You can purchase from their brick-and-mortar location or on their website.

Who Operates IDC?

Keith R. LeClerc is the President, and Brian Stamey is the Vice President. The following are noted employees:

Where Is IDC Coin Located?

The silver retailer is located at the following address:

3696 Ulmerton Road

Clearwater, FL 33762-4200

The alternate name for IDC is K.M.A. Sunbelt Trading Corporation. The company has been incorporated since 1983.

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What Products and Services Does IDC Coin Bullion Offer?

This dealer offers various bullions in gold, silver, platinum, and palladium. They sell paper money to collectors and buy from consumers.

If you need a quick loan and have collateral, you can stop by IDC Coin Bullion for help at their store location. For ease in purchasing silver and gold, you can use their website 24 hours a day to make purchases.

What Do Buyers Say About IDC Coin?

You can tell a lot about a silver company by what customers say. When we investigate a gold and silver retailer, our first stop is almost always the BBB.

Their BBB rating at the time of this writing is an A+. There have been no customer reviews and zero complaints about silver purchases.

We checked out their Facebook page, where they seem to have a strong presence. We found many customer reviews here, unlike finding none when checking their BBB rating.

Most customer reviews were glowing about silver purchases, but they seemed almost too glowing. We have heard of companies buying reviews. Though we will not accuse IDC of doing so, the reviews seemed overly polished and not from actual users.

We did find a few complaints from customers who say they were treated poorly at IDC. These people went in to buy coins and were told the owners did not care about their business. According to their review, many customers took their money elsewhere in the community.

We could not find a profile for IDC on the BCA. We did see many complaints lodged against IDC on the Ripoff Report. These complaints often stated IDC made false claims to customers and had hidden fees for silver bullion. One review complained the establishment undervalued its diamonds and coins.

Reading such complaints concerns us because we want our readers to feel confident buying coins from IDC Bullion. Based on what we read, we have doubts this retailer treats its customers fairly, though we will keep digging to uncover more facts.

Pros & Cons

You cannot expect any silver bullion dealer to be perfect, whether they sell diamonds, paper money, or bullion. If the cons outweigh the pros, you should be careful when spending cash for silver.

Pros

Cons

Is IDC Coin a Scam?

IDC is not a scam. They have been a legitimate gold and silver dealer in the gold bullion industry for at least 16 years. They offer many bullion coins, paper money, and other collectible coins.

Although they have been around for many years and are not scam artists, this does not mean you should trust them with your money. Buying gold, silver, palladium coins, and bullion requires a significant investment. Do not entrust your money to companies that do not make you feel secure.

FAQ About Investing in Precious Metals IRAs

IDC is not a trustworthy gold dealer because of the many customer complaints against them over the years. Although they have a sound rating on the BBB, there are no customer reviews. We found many Ripoff customer reports over the years, prompting us to warn others about this gold bullion dealer.

IDC does buy silver coins. You can only sell them your silver and gold coins by visiting their brick-and-mortar retail location. They will not purchase coins on the IDC Coin Bullion website.

IDC only ships to addresses in the United States. They cannot ship to FPO or APO addresses. All orders under 16 ounces ship via USPS. Those orders over the weight limit will ship via USPS Priority, UPS, or FedEx. You can rest assured your ordered coins will be shipped insured.

Final Thoughts: Can You Trust IDC Coin Bullion?

Although IDC offers a wide range of bullion coins, they do not ship to everyone worldwide. They serve buyers at both a brick-and-mortar location and online.

As we began to delve deeper into IDC's operations, we realized they are not offering the highest level of customer service. Complaints concern us, and with each poor review, we know we cannot recommend this bullion dealer to our readers.

There are better options than IDC Coin Bullion, including American Hartford Gold, Goldco, Augusta Precious Metals, Birch Gold Group, and Noble. We recommend you research these options to determine which will help you invest in coins safely. 

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