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Considering an investment in precious metals and wondering about JM Bullion's legitimacy?
Rest easy knowing JM Bullion is a respected retailer of gold, silver, and other metals, boasting an A+ Better Business Bureau rating and high customer satisfaction.
With competitive pricing and a buyback program, JM Bullion stands as a reliable choice for investors and collectors.
Overview of JM Bullion
JM Bullion is a reputable and legitimate company that specializes in selling precious metals to investors.
The company was founded in 2011 by Michael Wittmeyer and Jonathan Wanchalk, and it has since grown to become one of the largest precious metals retailers in the world.
The company is headquartered in Dallas, Texas, and has almost 100 employees.
Michael Wittmeyer: Co-Founder
Michael Wittmeyer is one of the co-founders of JM Bullion. He is also the CEO and founder of the company.
In 2019, Michael was honored with the 2019 Entrepreneur of the Year Award from EY. He was recognized for his remarkable drive and innovations that fuel growth and prosperity within the economy.
Jonathan Wanchalk: Co-Founder
Jonathan Wanchalk is the other co-founder of JM Bullion. He is also the COO and co-founder of the company.
Jonathan has played a key role in the company's growth and success. Under his leadership, JM Bullion has become one of the largest and most premier online retailers of precious metals in the world.
JM Bullion has achieved several milestones since its founding in 2011.
The company has been named Inc. 500's #1 Fastest-Growing Precious Metals Company in the Nation. It has also earned a place among the leading web merchants in North America.
In addition, the company has a positive work culture and has earned the coveted Great Place to Work certification for six years in a row.
JM Bullion has a wide selection of precious metals in its catalog and offers live pricing and no commissions.
The company ensures fast shipping and award-winning service. It has shipped over 60,000 orders a month.
The recent acquisition by A-Mark Precious Metals has positioned the company at the forefront of innovation in the precious metals industry for the next decade and beyond.
JM Bullions Reviews, Rating & Complaints
If you're considering investing in precious metals, you want to make sure you're dealing with a reputable company.
JM Bullion is one of the most popular online precious metal dealers with a wide range of products to choose from.
To help you make an informed decision, we looked at third-party sites such as BBB, Consumer Affairs, and Trustpilot to find out the company's reviews, ratings, and complaints.
Here's what we found:
Overall, JM Bullion has a positive reputation among its customers.
While there are some complaints about shipping and damaged products, they are few and far between.
Most customers are satisfied with the competitive pricing, wide range of products, and excellent customer service.
Pros & Cons of JM Bullion
Here are some pros and cons to help you make an informed decision:
Pros:
Cons:
Products and Selection
In this section, we'll take a closer look at the different types of bullion you can find at JM Bullion, as well as their coins and collectibles.
Types of Bullion
JM Bullion offers bullion in a variety of forms, including bars, rounds, and coins.
They carry bullion from a variety of mints, including the United States Mint, Royal Canadian Mint, and Perth Mint.
Some of the popular bullion products available at JM Bullion include:
Coins and Collectibles
In addition to bullion, JM Bullion also offers a wide selection of coins and collectibles.
They carry coins from all over the world, including the United States, Australia, and China.
Some of the popular coins available at JM Bullion include:
Precious Metals Variety
JM Bullion is known for offering a wide variety of precious metals. They carry gold, silver, platinum, palladium, and copper in a variety of forms.
Whether you're looking for bars, rounds, or coins, you're sure to find something that fits your needs at JM Bullion.
Some of the popular precious metal products available at JM Bullion include:
Overall, JM Bullion offers a great selection of bullion, coins, and collectibles.
Whether you're a seasoned investor or just starting out, you'll find something to suit your needs at JM Bullion.
Purchasing and Payment Methods
When it comes to purchasing precious metals, JM Bullion offers a seamless and secure buying process.
Here's a step-by-step guide to help you understand the process:
Buying Process
Accepted Payment Options
JM Bullion provides a variety of payment options, ensuring a convenient and secure purchasing experience for customers.
Pricing and Fees
Here is a breakdown of the product pricing, shipping costs, and options.
Product Pricing
JM Bullion offers competitive pricing for all of their precious metals products.
They have a live spot price chart on their website that is updated in real-time and shows the current market value of gold, silver, platinum, and palladium.
This ensures that you are getting fair and accurate pricing for your purchases.
JM Bullion also offers a buyback program for your precious metals, with a minimum buyback amount of $1,000.
The buyback price is based on the current market value of the metal, minus a small fee.
Shipping Costs and Options
JM Bullion offers free shipping on all orders over $199, which is a great deal if you are purchasing a larger amount of precious metals.
For orders under $199, there is a flat shipping fee of $9.95.
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They ship via USPS, FedEx, and UPS, depending on the contents of your order.
They offer expedited shipping for an additional fee and can accommodate PO boxes and military addresses as well.
JM Bullion is located within the Las Vegas Airport, which allows them to load many shipments directly onto carrier planes, making delays, theft, or general losses extremely unlikely.
All shipments are fully insured with third-party shipping insurance, ensuring that your precious metals are protected during transit.
You can track your shipment from the time of creation until it is delivered to your doorstep, and you will receive email notifications of shipment progress.
Storage Options
JM Bullion is proud to offer secure precious metals storage through TDS Vaults.
TDS is a leading provider of precious metals storage and security, and offers many unique advantages to their clients.
Although many of their clients prefer to hold their metal somewhere instantly accessible, investors with substantial sums of precious metals may worry about the risk and dangers of keeping so many valuables in their home.
TDS offers an excellent solution to customers who desire transparency, accessibility, insurance, and security for their precious metals investments.
With TDS Vaults, you can select your storage location from a variety of countries, including the United States, Canada, Switzerland, and Singapore.
This flexibility allows you to place your metals exactly where you wish to provide the desired regulatory environment.
TDS also allows clients to choose from a wide variety of vault providers and vault locations, giving you the ultimate control over your precious metals storage.
Opening an account with TDS Vaults is a simple process that can be completed quickly and easily via phone or email.
Once your storage account is open and your storage location is selected, give them a call at 800-276-6508 to purchase your precious metals and coordinate delivery directly to your vault account.
From there, they take care of everything and work with TDS directly to put your metals into your storage account.
For a limited time, TDS is offering all new JM Bullion customers 6 months of free storage for orders over $3,000 at their Las Vegas location.
Simply select “Secure Storage” as your shipping method during checkout, and JM Bullion will contact you directly to coordinate delivery on your behalf.
This is a great opportunity to take advantage of TDS’ secure storage services and protect your investment.
Investment Services
Investing in precious metals can be a great way to diversify your portfolio and protect your wealth.
JM Bullion offers a variety of investment services to help you achieve your financial goals.
Precious Metals IRA
One of the most popular investment services offered by JM Bullion is the Precious Metals IRA.
This type of IRA allows you to invest in physical gold, silver, platinum, and palladium, which can provide a hedge against inflation and market volatility.
JM Bullion's experienced IRA Specialists can guide you through the process of opening a self-directed IRA account, funding the account, and purchasing IRA-eligible products.
Here's a step-by-step guide to investing in a Precious Metals IRA with JM Bullion:
Investment Support
JM Bullion also offers investment support to help you make informed decisions about your investments.
Their platform provides ample resources to assist newcomers in understanding the form of investment.
Investors can borrow against their gold or silver holdings, maintaining liquidity without selling their assets.
JM Bullion's Buyback Service
When you invest in precious metals, it's important to know that you have the option to sell them back if you need to.
JM Bullion makes this process simple and convenient with their buyback service!
To get started, you can use their online Sell-To-Us tool, which allows you to lock in a price for your gold or silver bullion without ever speaking to a specialist.
Simply select the products you want to sell, checkout to lock in your price, and follow the email instructions to ship your products to JM Bullion.
Once your package is received, the inventory team will inspect each item and approve the sale.
After approval, your payment will be issued within 1-3 business days. It's that easy!
JM Bullion is a trusted leader in the industry, purchasing tens of millions in product from customers each month.
Their sell-to-us prices are transparent and clearly published on their website for a majority of their most popular products.
They continually update their prices based on current market conditions, ensuring industry-leading rates for their customers.
In addition to their easy-to-use online tool, JM Bullion provides shipping labels and allows you to drop off your package at a facility or schedule a pickup.
You can also choose to ship products on your own. And with their do-it-yourself approach, there's no need to speak with anyone - you can sell instantly online 24/7.
Their Local Directory: You Can Buy Precious Metals at Local Shops
If you prefer to buy precious metals in person, JM Bullion has got you covered!
They have compiled a directory of the best and most popular gold and silver dealers in each state of the USA.
This directory allows you to find a local dealer near you and purchase precious metals in person.
The directory lists 5-10 dealers in each state such as California and Texas, making it easy for you to find a dealer that is close to your location.
This is especially helpful if you prefer to see and touch the precious metals before purchasing them.
It is important to note that depending on your state of residence, you may have to pay sales tax at the time of purchase.
This tax can range from 3-10%, making a very significant impact on your precious metals purchasing power.
However, JM Bullion has a comprehensive overview of each state’s policy in their sales tax directory.
Frequently Asked Questions
Q1: Is JM Bullion trustworthy?
Yes, JM Bullion is a trustworthy company.
It has been in business since 2011 and has received positive reviews from customers on consumer advocacy websites like ConsumerAffairs and Trustpilot.
It is also accredited by the Better Business Bureau.
Q2: Has JM Bullion ever sold fake gold?
No, JM Bullion has never sold fake gold. It is committed to selling only authentic precious metals and has a reputation for quality products.
Q3: What is the lawsuit against JM Bullion?
In 2018, JM Bullion was sued by a customer who claimed that the company sold him counterfeit gold.
However, the case was dismissed by a judge who found that the customer did not provide sufficient evidence to support his claim.
Q4: Does JM Bullion report to IRS?
Yes, JM Bullion is required by law to report certain transactions to the IRS.
Specifically, it must report any sale of precious metals that exceeds $10,000 in value.
Q5: Is JM Bullion an American company?
Yes, JM Bullion is an American company based in Dallas, Texas.
Q6: Does JM Bullion have a physical location?
Yes, JM Bullion has a physical location in Dallas, Texas. Customers can also visit the company's website to make purchases online.
Q7: How long has JM Bullion been around?
JM Bullion has been in business since 2011.
Q8: Is JM Bullion insured?
Yes, JM Bullion is insured against loss or damage of its inventory.
Q9: Where does JM Bullion ship from?
JM Bullion ships from its warehouse in Las Vegas, Nevada.
Conclusion
JM Bullion emerges as a top-tier precious metals retailer, boasting an A+ Better Business Bureau rating and a wealth of positive customer testimonials.
Despite occasional hiccups, they've maintained a commitment to competitive pricing and a diverse product range.
They stand out in the market not just for their prices, but for their quality and service.
For those seeking a trusted name in precious metals, JM Bullion is a shining contender. Ready to invest? JM Bullion awaits your discovery.
