JM Bullion Review

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About JM Bullion

JM Bullion was founded in 2011 by Michael Wittmeyer and Jonathan Wanchalk. The company was originally located in Lancaster, PA, and has made some incredible milestones since it opened.

JM Bullion has grown into one of the largest precious metals retailers in the world with around 100 employees. The company ships over 60,000 orders a month and has been named Inc. 500's #1 Fastest-Growing Precious Metals Company in the Nation.

According to JM Bullion, the company enables investors to purchase bullion they physically hold rather than own on paper. The company continues to exceed expectations through its weekly sales, fast shipping, and award-winning service. Today, JM Bullion's headquarters and contact center are located in Dallas, Texas.

Precious Metals

When it comes to choosing a precious metals dealer, it's important to choose a company that meets all of your needs. For some investors, having access to the best quality metals is the first priority.

For others, being able to access a range of metals is the most important factor. Let's take a look at what type of metals you can find at JM Bullion:

JM Bullion has an extensive selection of gold options for those looking to diversify their portfolio.

American Gold Coins: Gold Eagles, Gold Buffalos, Pre-33 Gold Coins, Gold Eagles (Proof)

British Gold Coins: Gold Britannia, British Gold Tudor Beasts, Gold Queen's Beast, British Gold Sovereigns

New 2023 Sovereign Releases: 2023 American Eagle, 2023 British Britannia, 2023 Canadian Maple, King Charles III

JM Bullion offers a great selection of silver metals to choose.

American Silver Eagles: Silver Eagles, Certified Silver Eagles, Silver Eagles (Proof), Silver Eagle Sets, Special Occasion Silver Eagles.

British Silver Coins: British Silver Britannia, British Silver Tudor Beasts, British Silver Queen's Beasts, British Isles & Territories.

Australian Silver Coins: Perth Silver Lunar Series, Perth Silver Kangaroos, Perth Silver Kookaburras, Perth Silver Koalas.

Investors also have the option to choose platinum coins for their portfolio:

Platinum Coins: American Platinum Eagles, British Platinum Coins, Canadian Platinum Coins, Canadian Platinum Maple Leafs, Australian Platinum Coins, Austrian Platinum Philharmonics, Somalian Platinum Elephants, Certified Platinum Coins.

JM Bullion also offers other options like copper and palladium for those looking for more diversification.

Copper: Copper rounds, Copper Bars, Wheat Pennies, Copper Bullets.
Palladium: Palladium Bars and Palladium Coins.

One of the things that's great about JM Bullion is that the company keeps a great variety of precious metals on sale. For those that are interested in getting more for their money, it's a good idea to check out JM Bullion's sale inventory.

At this time, they are advertising metals like the 1 oz Medieval Legends Lady Godiva Copper Round for as low as $1.79 and the 2022 1 oz St. Helena Silver Queen's Virtues Truth Coin (BU) for as low as $27.09.

Sell to JM Bullion

Do you have any gold or silver that you would like to sell? You can sell your gold and silver bullion with JM Bullion. The company says they are proud to offer the only do-it-yourself buyback to the industry.

You can lock in your price online 24/7 without needing to speak to their buyback specialists. Here is how to get started:

If you're interested in getting some assistance, you can also sell to them over the phone or email them to get started. You can call them by phone by dialing 844-258-2538 or email them at buybacks@jmbullion.com.

How the Process Works

Let's look at more details on the process works:

Once you've decided to sell with JM Bullion, you'll select the products you want to sell. Call or email JM Bullion if you don't see your products. To lock in your price, all you need to do is checkout.

Next, you'll receive an email with mailing instructions shortly after you lock in your sale. JM Bullion urges customers to follow the instructions exactly to ensure the safe arrival of products.

Once JM Bullion received your package, their team will inspect each item thoroughly and approve the sale. After approval, your payment will be issued.

Benefits of Selling to JM Bullion

According to JM Bullion, there are several benefits of selling to them. Here are a few advantages to consider:

Trusted Leader: JM Bullion states that they purchase tens of millions in products from their customers each month. If you're looking for a precious metals dealer that has experience with purchases, this is a top company to consider.

Transparent Pricing: JM Bullion says that their buyback prices are clearly published on the website for the majority of their most popular products.

Industry Leading Rates: Investors can expect their prices to be updated continually based on the current market conditions.

Easy Shipping: JM Bullion provides UPS shipping labels to customers. You can drop off your package at a UPS facility or schedule a pickup. You can also choose to ship products on your own.

Quick Payment: You should expect to receive payments in 1-3 business days after products have been authenticated.

Do-It-Yourself: If you would prefer, there's no reason to speak with anyone. You can sell instantly online 24/7 for your convenience.

JM Bullion states that they offer three payment options to pay out your buyback: ACH (electronic check), bank wire, or paper check. There are no fees associated with ACH. Bank wires will include a $25 fee and paper checks include a $30 fee. These fees will be deducted from the total of your buyback.

JM Bullion Loans

One of the things that set JM Bullion apart from the rest is the option to take out a gold or silver loan. JM Bullion has partnered with Collateral Finance Corporation to offer their customers the option to borrow against gold and silver using their existing bullion as collateral. These loans offer cash liquidity without needing to sell your assets.

Collateral Finance Corporation is the leader in gold and silver loans with over $300 million in loans since 2005. Customers will also get to take advantage of low-interest rates, and no origination, or pre-payment fees.

Keep in mind that loans are not available at the time of bullion purchase and they are meant for commercial use. Additionally, loans are subject to restrictions based on state residence.

You can apply by phone or online. If you would like to get started over the phone, call CFC at 800-232-5767. If you would prefer to apply online, all you need to do is click the loan tab on the navigation screen and click "Apply Online".

It should only take 15 minutes to apply, there's no credit check, and customers will receive a response in one business day with an interest rate and loan amount.

Here is a little more information about CFC loans offer:

Keep in mind that the minimum loan size is $25,000. If you're not comfortable taking out that much, it may be best to consider a different loan option. To qualify for the loan, individual and joint borrowers will be asked to provide contact information, an estimate of their liquid assets and net worth, and a copy of a government-issued ID.

There are a few restrictions that you'll need to consider. For instance, loans must be used for commercial investment purposes. This restriction is to ensure that someone is not borrowing capital to fund their personal expenses.

Additionally, borrowers must be citizens or legal residents of the United States or Canada. Loans are also subject to restrictions based on state or provincial residency.

Contact Support

Working with a precious metals company that is accessible is just as important as the product itself. JM Bullion appears to offer satisfactory contact support that can help customers troubleshoot any issues they may have along the way.

Once you click on the company's contact page, you'll find six different categories to select: order status, payment, shipping, pricing, buybacks, and address/email/password. In each category, you'll see a list of frequently asked questions with responses from JM Bullion.

If you're still having no luck, you can fill out the company's online form with your name, email, and a message. If you've already placed an order, you can include your order number for easy reference. JM Bullion can also be reached by calling them at 1-800-276-6508. The company is open from Monday-Friday 8 am - 6 pm CST.

Reviews

JM Bullion has earned a rating of 3.6/5 on Consumer Affairs. Let's take a look at some of the positive and negative things that customers have said about this precious metals dealer:

One customer said that they hadn't used JM Bullion in years but decided to give them a try again with a small order. In the order, they had two sealed Silver Eagles that had noticeable defects. The customer sent a notification to the site but did not receive any response from them.

Another customer bought 180 1oz. Silver Dollars. The customer attempted to sell 40 at an agreed price. When JM Bullion received the silver, they felt 25 of the 40 were milky so they offered less for those pieces they originally sold them.

JM Bullion Pros and Cons

Here are a few pros and cons of working with JM Bullion:

JM Bullion: Final Thoughts

JM Bullion is a top precious metals dealer offering a wide selection of metals and several additional features to take advantage of.

JM Bullion doesn't just sell metals to investors and collectors, they also buy back metals from customers and have even partnered with Collateral Finance Corporation to offer gold and silver loans.

Overall, JM Bullion has built a positive reputation as one of the best dealers to work with. The company does have a few negative reviews, but JM Bullion has worked to resolve or at least respond to many of these concerns.

With that said, if you're interested in finding a precious metals dealer for your long-term needs, JM Bullion is worth considering in your investment journey.

Remember to read our list of the Best Gold Investment Companies to work with, before investing your hard-earned savings!

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