JM Bullion Review

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Rated 3.5 stars
Very Good

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JM Bullion

Reviewed by: Sarah Bauder
Last modified: December 23, 2022

Quality
Editor: 90%
Customer Support
Editor: 90%
Pricing & Fees
Editor: 90%

JM Bullion Review Summary:

In less than a decade, JM Bullion has become one of the largest precious metals online retailers in the world. This company offers a wide selection of precious metals, including IRA-approved gold, silver, platinum, and palladium. Presently, JM Bullion does not offer international shipping - shipments can only be fulfilled within the United States and to US Military boxes.

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Pros

Perfect 5-star, A+ rating from the BBB
IRA services provided by top-rated New Direction Trust
Inc. Magazine's "Inc. 500 List" member
Transparent management team comprised of industry experts

Cons

Only ships within the USA
Minimum buyback purchase amount of $1,000

Company Info and Background

JM Bullion (www.jmbullion.com) is a precious metals online retailer headquartered in Dallas, Texas. It was founded in November 2011 by Michael Wittmeyer and Jonathan Wanchalk. In 2016, it was recognized as 40th on Inc. magazine’s coveted Inc 500 annual list.

The company rightfully lauds itself as being an industry leader in the online precious metals space. In the Internet Retailer Top 500 list for 2019, the company ranked 96th overall, and for the Primary Merchandise Category (Specialty), it ranked 5th on the list.

JM Bullion Management Team

CEO Michael Wittmeyer

As an adolescent, Wittmeyer worked in affiliate marketing and web development to make extra money. Just out of his teens in 2011, JM Bullion’s CEO co-found the company in a basement in Lancaster, Pennsylvania.

In the subsequent years with Wittmeyer at the helm, JM Bullion enjoyed exponential growth. So much so, that a mere five years after its inception, the company was ranked 40th on the much-coveted INC. 500 list in 2016. He has navigated the company to become one of the largest online precious metals retailers on Earth, with annual revenues of $1 billion USD.

JM Bullion Education and Customer Satisfaction

JM Bullion provides a comprehensive guide to investing in precious metals. This guide covers a myriad of topics including Gold & Silver History, Legal Tender Laws, and Should You Buy Bars, Rounds, or Coins?. They also provide a wealth of articles touching on subjects involving the types of physical metals, buying physical metal, and taxes, reporting and IRAs, to name a few. The company also has an Info menu that provides resources such as gold and silver pricing charts, market news, and a blog discussing a variety of topics related to precious metals.

JM Bullion has low prices for their precious metals products, with many items listed “on sale”. The company also has a seamless buyback program, offering some of the best buyback prices within the space. Take note that they do have a minimum purchase policy of $1,000 for the buyback program. JM Bullion also provides free, insured shipping for all orders over $199 (orders under $199 are charged $7.99). All these components combined ensure that they offer excellent customer service.

JM Bullion Storage and Buyback Program

JM Bullion offers fully allocated storage to its clients via Transcontinental Depository Services Vaults (TDS). TDS is renowned for its secure vault facilities located around the world including Toronto, ON, New York, NY, Las Vegas, NV, Zurich, Switzerland, and Singapore.

JM Bullion also offers a buyback option with its minimum purchase price being $1,000. Clients need only lock in an agreed upon price over the phone, follow mailing instructions for their precious metals to JM Bullion, then receive payment once the inventory team inspects the mailed precious metals products (typically within 1 to 3 business days).

JM Bullion Products

JM Bullion proudly offers over 2,000 bullion products, including the most popular IRA-approved gold, silver, platinum, and palladium bullion bars, and coins. For collectors, the company offers an extensive selection of premium quality gold, silver, platinum, and palladium coins. Additionally, JM Bullion even offers clients a selection of copper rounds, bars, and bullets. For those so inclined, the company also provides one-ounce gold bullion bracelets.

Regarding IRAs, JM Bullion has partnered with acclaimed IRA custodian, New Direction IRA. Other preferred self-directed IRA custodians include Equity Trust, GoldStar Trust, and Strata Trust. The company’s preferred depository for IRA-approved precious metals is A-M Global Logistics, situated in Las Vegas, Nevada.

JM Bullion Precious Metals IRA Info

Company Name	JM Bullion
Annual Cost	Precious Metals IRA below $100,000 - $130 Precious Metals IRA $100,000 and above - $180
Scaled or Flat Fees?	Flat Fees
Partnered Storage Vault	Transcontinental Depository Services Vaults (TDS)
Partnered Custodian	New Direction IRA Inc.
Metals Available	IRA-approved gold, silver, platinum, and palladium coins and bars. Copper rounds, copper bars, and copper bullets
Years in Business	10 years (2011)