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Company Info & Background
The company was established in 1975 by James (“Jim”) U. Blanchard III – one year after Gerald Ford rescinded Roosevelt’s Executive Order 6102, thus allowing private citizens to legally own gold. Blanchard had been a prominent figure in the movement to make gold ownership legal to individual citizens. After legalization, Blanchard became a prominent figure within the gold investment space.
Blanchard (www.blanchardgold.com) has been a rare coin and precious metals dealer for 45 years now. The company is headquartered in New Orleans, Louisiana, and offers an impressive selection of rare and numismatic coins for collectors. For instance, five years ago Blanchard was one of only two primary dealers in the world, to acquire rare coins from the renowned Spanish 1715 Treasure that was excavated. Regarding IRA-approved precious metals products, unfortunately, the options are somewhat limited compared to other precious metals companies.
Blanchard Management Team
Chairman – Donald W. Doyle, Jr.
Donald W. Doyle, Jr. is the chairman of Blanchard. After receiving his undergraduate degree at the University of Notre Dame, in1966 Doyle acquired a degree in law from Tulane University Law School. He then joined the United States Marine Corps, and did two tours of Vietnam. In 1970, he left the Marine Corps having been bestowed the rank of Captain. During the 1990s, Doyle was a member of the organization which supported and lobbied for the legislation permitting people to hold gold within an IRA.
President & CEO – David Beahm
David Beahm received his undergraduate degree from the University of New Orleans, then attended New York’s Ellis College for his M.B.A. Joining Blanchard over a decade ago, he has held numerous positions within the company. Beahm’s expertise in precious metals investing, and the financial markets has been featured in several prominent media outlets including The New York Times, and The Wall Street Journal.
Blanchard Education and Customer Satisfaction
Blanchard has numerous educational resources and tools at clients’ disposal. There is a “Market News” section discussing a myriad of topics relating to precious metals, investing, and financial markets. The company also has a charts section providing daily updated spot prices of gold, silver, platinum, and palladium. Additionally, there is a customer resource center discussing everything from estate planning, to sales tax, to FAQs.
Having been in the precious metals investment industry for nearly a half-century, Blanchard has numismatics experts and precious metals consultants on staff to assist with clients' needs, in addition to answering any questions that may arise pertaining to precious metals investment.
Blanchard Storage and Buyback Program
Blanchard partnered IRA custodian is GoldStar Trust Company. Unfortunately pertaining to storage options, there is no transparency with a preferred storage facility, nor a depository for owned precious metals.
The company has a flexible buyback option for clients. You can easily request a quote for either rare coins or bullion. The next step involves the physical inspection of the product by Blanchard numismatic experts. For bullion and investment-grade gold, the company suggests contacting them directly to receive a quote and commence the process.
For collectors, there is an extensive collection of rare coins available with Blanchard. For those interested in IRA-approved bullion, there is a more limited selection compared to other precious metals companies. However, the company does offer IRA-approved gold, silver, platinum, and palladium. Popular IRA-approved gold coins that are available include the Canadian Gold Maple Leaf, the Gold American Eagle, the American Gold Buffalo, and Australian Gold Kangaroo. Likewise, there are also varying sizes of IRA-approved gold bars. For silver products, the company has various IRA-approved bars and the Austrian Silver Philharmonic coin. The only IRA-approved palladium product is a one-ounce Pamp Palladium Bar, Unfortunately, at this time there is no option for IRA-approved platinum products.
View more Blanchard precious metals products here.
Blanchard Precious Metals IRA Info
|Scaled or Flat Fees?||Flat Fees|
|Partnered Custodian||GoldStar Trust Company|
|Partnered Storage Vault||N/A|
|Metals Available||Gold, silver, platinum, and palladium|
|Years in Business||46 years (1975)|
Blanchard Reviews, Ratings, and Complaints
BBB Rating: A+ (Details)
BBB Complaints: 1 complaint closed in last 3 years (Details)
BCA Rating: BBB (Details)
BCA Complaints: 0 complaints (Details)
RipOff Report: 3 complaints (Details)
Trustlink: (1 / 5) based on 1 review (Details)
Yellow Pages: Profile (Details)
Trustpilot: Profile (Detail)
Facebook: Profile (Details)
Blanchard Contact Information
- Phone: (800) 880-4653
- Address: 909 Poydras Street, Suite 1900 New Orleans, LA 70112
- Website: www.blanchardgold.com
Review All IRA Options Before Investing
It is essential to carefully consider the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, policies, practices, and most importantly, storage fees for precious metals.
Blanchard Review Summary
Blanchard was founded in 1975, one year after private ownership of gold was legalized by then-president, Gerald Ford. Although the company offers an impressive collection of rare coins and collectible bullion, it, unfortunately, has limited options for IRA-approved coins and bars. Moreover, Blanchard is not forthright about which company provides its vault storage.