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About JM Bullion
JM Bullion is a retailer of gold and precious metal products, offering a wide variety of options for both investors and collectors. Founded in 2011, the company offers coins and bars made from gold, silver, platinum and palladium. There is no minimum order amount – orders over $199 ship free through the Postal Service or UPS, while those beneath this value are shipped at a flat rate of $7.99.
Pros & Cons
Pros
- No order minimums
- Do-it-yourself buyback program
Cons
- Higher cost for using PayPal or card
- Minimum $1,000 buyback
Bottom Line
JM Bullion offers precious metal coins and bars both for individual retirement account investment or at-home collections. The do-it-yourself buyback program allows customers to lock in a selling price 24 hours a day.
Featured Reviews
“... It's quick and painless process to actually get gold and silver from them. It's usually shipped the next day and makes it to me within three days. Tracking provided. The prod...
Read full review“I've made multiple purchases in the past year or two with JM … and I've been nothing but pleased. Consistently perfect in product delivery, quick shipping (even free shipping opt...
Read full reviewGold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.
What is JM Bullion?
JM Bullion is a precious metals retailer specializing in the sale of gold and silver coins, rounds and bars. It offers a wide selection of products sourced from mints around the world. It also offers a wide variety of collectible coins that feature popular movies or shows, such as “Harry Potter,” “Batman” and “James Bond.”
Its website allows customers to purchase physical gold and silver 24/7 from anywhere in the world. Additionally, JM Bullion offers a do-it-yourself buyback program that allows customers to sell back precious metals any time of day without needing to talk to a live person. This is useful for locking in a good sale price outside of business hours.
The JM Bullion website features plenty of educational resources, such as market updates, charts and articles written by experts in the field of precious metals, as well as frequently asked questions pages.
How does JM Bullion work?
Customers can shop at their own convenience without an account through JM Bullion’s website. Alternatively, customers can also call during business hours to place orders or for assistance.
Select from a variety of precious metals, including popular investment options like gold and silver coins, as well as gold jewelry or copper rounds. After you have added your desired product and quantity to your cart, you will be able to complete the checkout online.
Payment for orders can be made via debit or credit card, wire transfer, check, Google Pay, PayPal or cryptocurrency. The cost of your item will vary based on the quantity you purchase and your purchase method. For example, debit and credit cards, Google Pay and PayPal all come with higher purchasing fees than the other options. Additionally, your method of purchase could limit how much product you can buy at once. With Google Pay, you can purchase a maximum of $50,000, but with ACH, your maximum increases to $100,000.
After shipment is complete, customers receive tracking information that allows them to monitor their order’s progress until it arrives at their doorstep securely and discreetly packaged. All packages are insured while en route to your home.
JM Bullion products and services
JM Bullion offers free shipping, as well as secure vault storage options for those who require extra security when purchasing or storing their precious metal holdings. The company’s product selection includes coins minted by the U.S., Canada, Australia, Austria, Mexico and China, as well as a vast array of silver rounds.
Precious metals IRA
Gold
Silver
Platinum
JM Bullion fees
For purchases, you do not have to worry about hidden fees, since all prices are live spot prices. Once your cart advances to checkout, you will lock in that price for 10 minutes. JM Bullion offers additional discounts for higher quantities of products, as well as a 4% discount if you pay with wire, check or automated clearing house (ACH) payments.
Canceled orders will be charged a market loss fee, which is the amount of money the company loses because your order did not go through. This fee covers the company against changing prices of the product.
Setting up an IRA is done through New Direction IRA, and fees will depend on the custodian you select. Expect a setup fee, an annual fee and a storage fee.
JM Bullion FAQ
How can I sell my gold and silver to JM Bullion?
JM Bullion offers a do-it-yourself buyback service, available 24/7 without the need to contact a specialist. If shipped with a JM Bullion label through FedEx, your package will be insured up to $100,000.
What are the payment options for JM Bullion?
JM Bullion offers a wide selection of checkout options, though some will affect your purchase price and maximum purchase amount. Payment options include ACH, checks, wire transfers, debit and credit cards, cryptocurrency, PayPal, and Google Pay.
Where does JM Bullion ship from?
Although JM Bullion is based in Texas, all orders are shipped out of its Las Vegas warehouse for shipping protection.
Is JM Bullion legit?
JM Bullion has been in business for over 12 years and has sold over $7 billion worth of precious metals. On its site, there are over 300,000 customer reviews from the past 10 years. All purchases are insured when shipped, so you are covered if anything happens to your package while it’s en route. JM Bullion also displays the live precious metal price ticker so you can buy with confidence.
JM Bullion Reviews
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Reviewed Sept. 27, 2023
Please do not buy gold coins from this company. They are horrible. I had ordered a lunar gold coin from them and I received a empty box few days later. The box they used for shipping a gold coin was of poor quality. The box was cut open from underneath and the coin stolen and then a transparent plastic tape was reapplied. I will never ever buy coins from this company as they are not trustworthy. You spend thousands of dollars and the quality of the box and supplies they use is disgusting. There are better companies out there like Liberty Coins, Bullion Exchanges who really have great shipping standards.
Hello,
Without knowing your order number it is difficult to address your complaint. I'm sorry for the poor shipping experience. Could you send your order number over so I can look into this?
Reviewed Sept. 26, 2023
They did not include my full order and told me package had been tampered with, then they changed the story. Told me claims would call me back, then said the package was not tampered with and that they would refund me the missing pieces but it would take a few days, still waiting. Have gotten no email confirmations, nothing but the runaround. They do right by 90% of people to stay in business but make a lot of money jacking 10% of people on the side. I was one of the unlucky ones, thank God for PayPal and that this wasn't a large order of I would be out a lot of money.
Hello,
I'm so sorry for the frustration. This claim is being paid in full. The customer was notified of this by our claims manager yesterday. There was a bit of phone tag involved however the customer was made whole.
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Reviewed Sept. 6, 2023
Have bought a lot of gold and silver through them. JM has never disappointed. I personally will only use them for my precious metals purchases. Orders usually received in 2 to 3 days. Would be nice if they implemented some type of loyalty point system for purchases.
Reviewed Aug. 23, 2023
I’m new to this! My first call was to JM Billion, the call was good until I received my receipt through email. Bought two 20 count (Tubes) Silver Eagle Bu, the first tube was over one hundred plus than the second tube! I called a couple of weeks later & bought three more silver Eagle tubes (60) coins. It was then I asked about my first transaction weeks ago. They told me during me call the price has changed? I still don’t believe them that while placing my order the price changed over one hundred plus dollars? Make sure while on the phone with them you know what prices you’re being charged. I plan on buying twice month, not sure if I will buy from them again!
Dear Frank,
The change you are referring to was sales tax. This is not calculated until the end since it depends on the order total. I'm sorry this took you off guard. We clearly should have explained this better.
Reviewed Aug. 21, 2023
I invest in gold and placed an order and paid for the transaction using my credit card. My card was charged and the the order was canceled because of their internal review nonsense. I contacted the company and spoke to customer service agent and confirmed that all of the information on the order was correct and verified that I was the person that placed the order. This seems to be an ongoing problem with other customers that have also placed orders. This is my 1st time ordering from them and the last. I would recommend using SD Bullion instead for purchasing precious metals. I have never had a problem using my credit card for my orders with SD Bullion. I find this situation to be hilarious for the simple fact that I'm paying the overspot price plus a charge for using my credit card.
Over spot rate=$81.77
Use of CC rate=$93.37
Total for 1 oz gold bullion=$2,081.75
That is a difference of $175.14 over current gold rate. So the company would have made $175.14 for an order for a single oz of gold purchased. I decided to just order from my regular company SD Bullion. I placed the order without issue. I would have given JM Bullion zero stars if the option was available. Customer service rating a big zero. Their review to prevent fraud is just nonsense. I recommend using another company for your gold and silver purchases to include SD Bullion because I have never had a problem with this company.
Troy,
I'm sorry to hear about this. Could you give me your order number or email address so I can look into this?
Reviewed April 19, 2023
This business is a fraud. I been their customer for over a year. The first time I am selling to them. They stole 2 bars of gold and denied receiving them. I called them and sent them the purchase orders and asked them to weigh the content they claimed to have received, vs the FedEx package weight through fedex system. Or view the tape of unboxing. The team via email was just rude and ** at best. They lied and simply said that I either accept the loss or get my gold back. But missing 2 bars. I called the customer service almost non-english-speaking girl who lied and said the whole company is managed by 2 people one of whom is the ** on the email.
I asked them to do a simple weight calculation between what fedex received they refused!! Then accused me of not sending the gold I sent. This company is a scam and a fraud. Do not trust them. They will rob you of your precious metals then deny receiving it. Only to offer either the adjusted amount or get your good back (with a hefty charge of shipping)
Hello Mark,
We would be happy to send you the video proof. Unfortunately, we did not receive what you claim you sent.
Reviewed March 9, 2023
I have not used JM Bullion in years and decided to try them again with a small order. In the order I had two sealed Silver Eagles: One Mint sealed and one MS 69, and other minor silver rounds and eagles. Both sealed coins had defects which were easily seen with my eyes, so I sent notification to their contact site. They did not even have the good business sense to call or e-mail me which in itself says a lot about their honor when a problem arises. Thank God I was trying them again with a small order ($300). If they will not communicate when there is a problem - why use them? Everything else went well, but when they deliver sub-standard products when the customer pays full price for goods - They cannot be trusted in my opinion. Buyer Beware Thank You, Don.
Updated review: Feb. 2, 2023
A resolution appears to be in progress. There was a swift response to me after contacting Consumer Affairs. I have been promised that a replacement order will arrive soon. Thank you for your influence.
Original Review: Jan. 30, 2023
After six weeks, an order never reached me. Initially I was told it was insured. Now they say it could eventually show up. I WANT MY DELIVERY. I believe it was stolen at the post office and they should cover the loss.
Reviewed Nov. 26, 2022
Bought 180 1 oz. Silver Dollars...Attempted to sell 40 at an agreed price...When JM received the silver they felt 25 of the 40 were "milky"..So they offered less for those pieces they originally sold me..Apparently, JM sold me "milky" silver or they are not being honest...2/3rds of the 180 pieces may be "milky"??? Needless to say, I will not buy from or sell to JM again.
Reviewed Oct. 29, 2022
On October 13, I placed an order for (3) 1oz Valcambi Gold Bars using JMs ACH payment system (which is basically a checking debit). This was my first and last time using this fraudulent company. The following day, the funds cleared and the money was removed from my account and into JM Bullion's account. To my HORROR, I received an email from JM on 10/20/22 stating that they cancelled my order due to their sketchy “Internal Review System”. I called them, verified all my information, and this was not good enough. They CANCELED MY ORDER WITH NO EXPLANATION AND REFUSED TO REFUND ME unless I signed some ridiculous legal contract that they have drawn up. The legal contract that they want you to sign pretty much requires a lawyer to understand it. It’s 4 pages long and when you read it, it makes it sounds like JM is trying to weasel their way out of having to refund your money.
Why would the buyer have to sign a complicated legal document to receive a refund when JM is the one who canceled the order, took the money, and provided zero explanation?! You can’t make this stuff up folks. Perhaps the worst “customer service” in the universe. They stole over $5,200 from me, failed to send the gold, never provided an explanation, and are holding my hard earned money hostage. AVOID AT ALL COSTS! DO NOT TRUST! They will NOT get away with this and I will fight this with every ounce of energy I have until I receive every penny of my money back.
Hello Lusine,
Thank you for your feedback and I apologize for your experience. Our records indicate that you spoke with our Sr. Operations Manager (Sib) earlier today at 1:25 PM CST and you both are working together towards a resolution.
Thank you.
JM Bullion Company Information
- Company Name:
- JM Bullion
- Year Founded:
- 2011
- Address:
- 11700 Preston Road Ste 660153
- City:
- Dallas
- State/Province:
- TX
- Postal Code:
- 75230
- Country:
- United States
- Website:
- www.jmbullion.com
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