JM Bullion Review 2024
Disclosure
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.In a Nutshell: JM Bullion deals in precious metals including gold. Most people know that gold is a good hedge against the stock market and they have been in business since 2011. You have the option to buy or sell to them, but what sets them apart from just buying the metals on the market is JM Bullion deals in physical products and they only operate in the US.
Read our JM Bullion review to learn why it’s one of the best places to buy precious metals.
Gold, silver, platinum, copper and palladium | Buying, selling, and loans | Yes, but only in the U.S. and U.S. military boxes | Secure storage for orders over $3,000 (6 months free) |
- Offers access to a variety of precious metals
- Buy, sell and take loans
- Offers secure storage free for 6 months (on orders over $3,000)
- Offers coins and bars
- BBB accredited
- Has crypto and accepts crypto (Bitcoin)
- Free shipping above certain amounts
- Only ships in the U.S.
Compare to Other Platforms
LEARN MORE |
ProductsGold, silver, platinum, copper and palladium |
ServicesBuying, selling, and loans |
ShippingYes, but only in the U.S. and U.S. military boxes |
LEARN MORE |
ProductsGold, silver, copper, palladium, rhodium, and platinum |
ServicesBuy, sell, loans |
ShippingFree shipping on all $500+ orders |
LEARN MORE |
Fees$50, $100, $250 a month |
ShippingYes |
Table of Contents
What is JM Bullion?
JM Bullion is a comprehensive platform founded in 2011 for individuals to invest in precious metals. Based in Lancaster, Pennsylvania, it has become a trusted name in the precious metals industry. JM Bullion offers a wide range of products and prioritizes customer satisfaction.
The company’s growth is due to its commitment to high-quality products, competitive pricing, and an accessible online platform. Led by experts, JM Bullion ensures a seamless and reliable experience for those looking to delve into the precious metals market.
JM Bullion’s core values center around transparency, integrity, and customer service. These values have helped the company build a loyal customer base that appreciates the personalized attention and extensive range of products and services offered.
As a result, JM Bullion has received numerous positive reviews and ratings from satisfied customers, further cementing its reputation as a leading precious metals dealer in the United States.
Over the years, JM Bullion has expanded its product offerings to include gold, silver, platinum, copper, and palladium coins, bars, and rounds.
Furthermore, the company has diversified its services to cater to different investment needs, such as providing precious metal IRAs, loans against bullion, and secure storage options.
With a focus on continuous improvement and staying ahead of industry trends, JM Bullion regularly updates its platform and services to provide customers with the latest market insights, educational resources, and investment opportunities. This commitment to excellence and innovation has helped JM Bullion maintain its position as one of the best places to buy and sell precious metals in the United States.
External JM Bullion Reviews & Ratings
Site | Rating | |
Sitejabber | 4.8 from 3,320 reviews | |
Shoppers Approved | 4.8 from 356,693 reviews | |
Gold Dealer Review | 4.5 | |
CreditDonkey | 4.4 | |
TrustIndex | 4.3 from 1,088 votes | |
Trustpilot |
Firsthand User Experience with JM Bullion
Here are some reviews from traders who have experienced the platform firsthand:
How Does JM Bullion Work?
You can purchase gold, silver, copper and palladium coins or bars from the website. As said, there are also accessories you can purchase at JM Bullion and apparel. Keep your eye out for products on sale under the “sale” section for good deals.
Accepted payment methods on the site include Visa, MasterCard and PayPal, along with some other major credit card companies and old-fashioned paper checks and bank wires.
Product Offerings: A Diverse Selection for Every Investor
JM Bullion takes pride in providing a diverse selection of precious metal products to cater to the varied needs and preferences of its customers. Whether you are a first-time investor or an experienced collector, JM Bullion’s extensive product range offers something for everyone. Let’s take a closer look at the different product categories available at JM Bullion:
- Gold Products: JM Bullion offers an impressive assortment of gold products, including coins, bars, and rounds. You can find popular gold coins like the American Gold Eagle, Canadian Gold Maple Leaf, and South African Gold Krugerrand, as well as gold bars from renowned mints and refineries such as PAMP Suisse, Valcambi, and Perth Mint.
- Silver Products: For those interested in silver, JM Bullion provides a wide range of options, including silver coins, bars, and rounds. Popular silver coins include the American Silver Eagle, Canadian Silver Maple Leaf, and the Austrian Silver Philharmonic. Silver bars and rounds are available in various sizes and designs, catering to both investors and collectors.
- Platinum and Palladium: JM Bullion also offers platinum and palladium products for investors looking to diversify their portfolio. You can find platinum and palladium coins, bars, and rounds from well-known mints and refineries, including Credit Suisse, Valcambi, and the Royal Canadian Mint.
- Copper Products: Copper is gaining popularity as an investment option, and JM Bullion features a selection of copper bars, rounds, and bullets in various sizes and designs. Copper products are an affordable and unique way to expand your precious metals collection.
- Numismatic and Collectible Coins: JM Bullion caters to coin collectors with a diverse range of numismatic and collectible coins. You can find limited-edition coins, commemorative issues, and proof sets from mints across the globe. These coins not only hold intrinsic value due to their metal content but also carry a premium due to their rarity and collectible appeal.
- Accessories: To help protect and showcase your precious metals investments, JM Bullion offers a variety of accessories such as coin capsules, storage tubes, display boxes, and protective gloves. These accessories ensure the safe handling and preservation of your valuable collection.
Storage at JM Bullion
Plenty of bullion dealers offer secure storage, and so does JM Bullion. The only thing is they only offer this if your order is above $3,000. The company works with TDS Vaults to offer secure storage, and new customers can enjoy 6 months for free.
Does JM Bullion Have Buybacks?
Yes! JM Bullion will buy metals that you have purchased from them back into their inventory. You will have to inquire about the exact prices over the phone, as these things fluctuate, but JM Bullion claims to have the highest buyback rates in the industry.
We would highly suggest doing some due diligence and comparing prices with its competitors just to make sure you’re getting the best deal.
Reviewing JM Bullion Services
Aside from buying and selling precious metals, JM Bullion offers helpful resources, IRAs and loans.
Charts
There are charts available for each precious metal and even Bitcoin. You can view the charts at your leisure and JM Bullion also provides an overview of chart timeframes, technical analysis and dollar-cost averaging.
There is also a unique section that outlines other cryptocurrency price charts aside from Bitcoin.
IRA
JM Bullion also offers customers access to precious metal IRAs. The company works with New Direction IRA to make sure each client gets set up quickly and for the lowest cost around to start enjoying IRA tax benefits. It’s okay if you are not well-versed in this form of investment because there are plenty of resources on the site to help you get started.
Loans
You can now borrow against gold or silver with the bullion you have on hand. This will give you cash liquidity without having to part with your assets. JM Bullion works with Collateral Finance Corp to provide this service, so the application is super easy. You can do it in just 15 minutes, there won’t be a credit check and you get confirmation within a business day.
Auto Buy
Unlike many investment platforms, JM Bullion has introduced a unique feature allowing clients to auto-purchase an asset when it reaches a specific price. Termed the “AutoBuy” feature, this function facilitates recurrent purchases of some of the most sought-after gold and silver products.
What’s intriguing about this tool is its efficiency. By setting it according to personal criteria, it autonomously buys the preferred assets when they match a designated price. This strategic approach enables investors to leverage short-term price shifts in precious metals, capitalizing on opportune moments before market dynamics change.
Here’s a breakdown of its functionality:
- Select desired gold and silver items from JM Bullion’s popular range.
- Define a buying frequency – be it weekly, biweekly, or monthly.
- Upon finalizing an order, pinpoint a payment method to settle your metal purchases.
To initiate an Auto Buy Order, users can either navigate via their JM Bullion account or opt for the “Start Auto Buy” prompt on individual product pages. This leads to a selection interface where one can cherry-pick items for automatic acquisition. Most of JM Bullion’s top-tier products are part of this program, allowing you to determine not just the products but also the purchasing frequency.
The available products span a broad spectrum. For gold enthusiasts, choices include renowned products like the American Gold Eagle, Canadian Gold Maple Leaf, and bars from trusted refiners such as Valcambi Suisse and Perth Mint. If silver is more your style, the list expands further. Options range from American Silver Eagles and Canadian Silver Maple Leafs to diverse offerings from Sunshine Mint and SilverTowne.
So, why opt for Auto Buy? This mechanism simplifies investments. No more market-timing stress – just set your parameters, from purchase frequency to budget. Whether you’re looking to swiftly amplify your portfolio or make heftier, spaced-out acquisitions, the power rests in your hands, letting you decide the budget, timing, and product type.
JM Bullion Ratings and Support
JM Bullion is a legit company that has garnered favorable ratings on review sites such as the Better Business Bureau (BBB), which gives it an A+, Shopper Approved with a rating of 4.8 from over 350K reviews and it sees a 4.5 rating on Trustpilot!
The high ratings have a lot to do with the exceptional customer support the platform provides. You can get in touch with them via email or phone, and past customers have said the company is quick to help and is professional and accountable. For the most part, JM Bullion helps customers resolve their issues swiftly.
Additional Services: Education and Market Insights
JM Bullion goes beyond just being a precious metals dealer by providing its customers with valuable resources, market insights, and educational materials that help them make informed decisions. This added value can be a game-changer for both new and experienced investors in the precious metals market. Let’s explore these additional offerings that make JM Bullion stand out.
Educational Resources
JM Bullion offers a comprehensive educational section on their website, covering topics related to investing in precious metals, understanding market dynamics, and how to get started with buying and selling bullion. Some of the topics covered include:
- Precious Metals Guide: This guide helps newcomers understand the basics of investing in precious metals, including the differences between gold, silver, platinum, and palladium, and the factors that influence their prices.
- Beginner’s Guide to Coin Collecting: For those interested in numismatics or coin collecting, JM Bullion provides a detailed guide to help beginners learn about coin grading, rarity, and how to build a valuable collection.
- How to Test for Counterfeit Coins and Bars: With the growing concern about counterfeit products in the market, this guide teaches customers how to spot fake coins and bars and protect their investments.
Market Insights and Analysis
Keeping up with market trends and understanding the factors that influence precious metal prices is crucial for investors. JM Bullion offers:
- Market News and Updates: Stay informed about the latest news, trends, and events that impact the precious metals market. JM Bullion regularly posts articles, analyses, and commentaries on their blog, providing valuable insights to help investors make informed decisions.
- Price Alerts: To help customers make timely decisions, JM Bullion offers a price alert feature that allows you to set your desired target price for a specific metal. You will receive an email or SMS notification when the market price reaches your target, ensuring you don’t miss out on investment opportunities.
By offering educational resources, market insights, and personalized tools, JM Bullion not only simplifies the process of investing in precious metals but also empowers its customers to make well-informed decisions. This commitment to customer success further solidifies JM Bullion’s position as one of the best places to buy and sell precious metals. So, whether you’re a seasoned investor or just starting, consider JM Bullion for a comprehensive and reliable precious metals investment experience.
JM Bullion Review Final Word
As we said, JM Bullion has come a long way since its inception in 2011. We’ll be transparent and say JM Bullion reviews weren’t stellar at first, but they have worked hard to get to where they are today, which is a highly-rated bullion dealer. Investments and bullion dealers handle large sums, and with that comes high expectations from customers. There are bound to be a few poor reviews, so go with what’s comfortable for you.
JM Bullion offers free shipping on orders above $199, and many other limited-time deals so get in on the action here.
Frequently Asked Questions
JM Bullion is accredited by the BBB and has held this status since 2014. There have been minimal complaints, and the majority of feedback is favorable. Various trustworthiness websites rate the company positively, with the BBB giving it an A+ rating.
JM Bullion accepts a wide various payment options like Visa, MasterCard, American Express, Discover, and PayPal. Additionally, they handle bank wire transfers, traditional checks, ACH, Google Pay, Apple Pay, and multiple cryptocurrencies such as bitcoin, bitcoin cash, Dogecoin, and Ethereum, along with four stablecoins tied to the USD (GUSD, USDC, PAX, and BUSD). Under traditional checks, they include forms like personal checks, cashier’s checks, money orders, online bill settlements, bank drafts, and traveler’s checks. However, they exclude convenience checks and prepaid cards from their payment methods.
The limitations on the purchase size depend on the payment method you select. Only bank wire transfers have a set minimum purchase requirement of $1000.
For credit and debit cards, as well as PayPal, the maximum limit is $25,000. For checks, it’s set at $75,000, while for bank wires and cryptocurrencies, it’s capped at $250,000. For transactions exceeding these limits, a direct consultation is required.
All items sent are covered by insurance. Shipments are monitored with tracking and any delivery valued over $1,000 necessitates the receiver’s signature. If you receive a damaged item or if it doesn’t arrive, you should contact the company without delay.
The insurance solely covers the shipping process, so if upon delivery you spot any issues, the company recommends declining the package. This action ensures the package gets returned and facilitates your refund. However, if you accept the package and later identify damages, reach out to JM Bullion within 48 hours to start an insurance claim.
JM Bullion operates purely online without any brick-and-mortar stores. While they have corporate headquarters in Texas, their primary storage facility is located in Las Vegas. All products you buy are dispatched from this site, and any items you sell to them are directed to this same location.
JM Bullion solely serves the U.S. market and is designed specifically for local customers. If you reside outside of the USA, JM Bullion might not be suitable for you.
A Precious Metals Supported IRA brings a variety of benefits to your retirement preparations. This includes portfolio diversification, defense against inflation, beneficial tax conditions, and a safeguard in times of economic turbulence.
JM Bullion was established by Michael Wittmeyer and Jonathan Wanchalk, two friends united by their enthusiasm for precious metals, leading them to launch their venture together.
Related Precious Metals Reviews:
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https://www.jmbullion.com/on-sale/
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https://www.jmbullion.com/about/payments/
https://www.modestmoney.com/are-precious-metals-good-investment
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