JM Bullion Review
JM Bullion (www.jmbullion.com) is an online retailer of precious metals based in Dallas, Texas. The site specializes in the sale of gold and silver to individual investors. It does not offer any storage or account-related services, but it is affiliated with storage provider TDSVaults and IRA custodian New Direction IRA. JM Bullion has experienced tremendous growth since its relatively recent inception in 2011, even meeting 9-figure sales projections in 2013. The site has a user-friendly interface and offers responsive customer care via email, chat, or phone.
About the Management
JM Bullion's founder is Mike Whittmeyer, who also acquired Silver.com for $875,000 in what wound up being the third biggest domain sale of 2012. For the past two years Whittmeyer has been developing Silver.com as a “parallel brand” to JM Bullion, while also serving as the CEO of JM Bullion since November 2011.
JM Bullion Ratings and Complaints
- BBB Rating: No Rating (Details)
- BBB Complaints: 0 complaints in last 3 years (Details)
- BCA: Not Listed
- BCA Complaints: Not Listed
- CitySearch: Not Listed
- Google+:
(4.2 / 5) based on 89 reviews (Profile) - RipOff Report: 15 Reports (Details)
- SiteJabber:
(3.4 / 5) based on 5 reviews (Details) - Trustlink: Not Rated (Details)
- Yellow Pages: Not Rated (Details)
- Yelp:
(3.5 / 5) based on 4 reviews (Details)
JM Bullion Prices and Products
JM Bullion supplies a full range of gold, silver, and copper coins and bars in various denominations. Their prices are based on live spot prices that come directly through a data feed from Xignite.com for a continuously up-to-date price that is based on the fair market value of the metals sold, at the time of the sale. Given that the price of gold fluctuates so frequently, JM Bullion's site is set to “lock in” the price of gold for a total of 10 minutes from the time you enter the checkout process – if it takes you longer than 10 minutes to checkout the total cost will be updated to reflect the most recent price.
JM Bullion's pricing policy states that customers will pay only the listed price plus any applicable shipping charges. They proudly state on their website that no “service charges or commissions” are taken from the purchase price of the metals sold.
JM Bullion pricing for gold coins that are allowed in an IRA (recorded on September 6th, 2014):
| Coin | Price |
|---|---|
| American Gold Eagle 1/10 oz | $141.15 |
| American Gold Eagle 1/4 oz | $350.51 |
| American Gold Eagle 1/2 oz | $683.88 |
| American Gold Eagle 1 oz - varied year | $1,316.25 |
| American Gold Eagle 1 oz - 2014 | $1,319.93 |
| American Gold Buffalo 1 oz - 2014 | $1,319.68 |
| Austrian Gold Philharmonic 1 oz - 2014 | $1,309.05 |
| Canadian Gold Maple Leaf 1/20 oz | $81.84 |
| Canadian Gold Maple Leaf 1/10 oz | $140.52 |
| Canadian Gold Maple Leaf 1/4 oz | $344.16 |
| Canadian Gold Maple Leaf 1/2 oz | $679.44 |
| Canadian Gold Maple Leaf 1 oz | $1,295.30 |
There's also a section of their online catalog devoted specifically to IRA-eligible gold products. Although JM Bullion does not offer precious metal storage themselves, they do refer their customers to TDS Vaults for secure storage, and they have a precious metals IRA page that utilizes their partnership with a firm called New Direction IRA to provide their customers with a way to store their precious metals in retirement accounts. However, JM Bullion doesn't provide much information about New Direction IRA's fee structure and business policies.
JM Bullion Contact Details
- Address: PO Box 11088, Lancaster, PA 17605
- Phone: (800) 276-6508
- Fax: (872) 888-1220
- Email: mike@jmbullion.com
- Website: www.jmbullion.com
Key Pages From JM Bullion Website
- Gold, Silver, Platinum Price Charts – This page provides detailed charts that you can use to track the progress of precious metal prices over the past 24 hours, 1 week, 1 month, 3 months, 6 months, 1 year, 5 years, or even 10 years.
- Gold Catalog – This page provides access to JM Bullion's full gold bullion bar and coin catalog, including a section for IRA-eligible gold.
- Silver Catalog – This pages provides access to JM Bullions' silver bullion bar and coin catalog.
- FAQ Section – Covers all the basic questions customers usually have about payments, pricing, products, reporting, returns, and shipping.
Always Review the Competition Before You Buy
Regardless of how impressive a company or its prices might seem on the surface, you'll never know whether you got the best deal unless you've taken the time to do your own research. Fortunately, you no longer have to spend hours making dull comparisons and looking for the most reputable and affordable way to store precious metals in an IRA, because we've already throughly reviewed and revealed the overall reputation of the top 70 precious metals IRA companies in the world.
Contact Us if You Own or Represent JM Bullion
If you're an owner, representative, or associate of JM Bullion, and you've noticed something on this page that is outdated or inaccurate, feel free to contact us with your concerns. We strive to keep our company reviews as accurate as possible on an ongoing basis.
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Review Summary:
JM Bullion is an online retailer of precious metals based in Dallas, Texas. The site specializes in the sale of gold and silver to individual investors. It does not offer any storage or account-related services, but it is affiliated with storage provider TDSVaults and IRA custodian New Direction IRA.
JM Bullion is an online retailer of precious metals based in Dallas, Texas. The site specializes in the sale of gold and silver to individual investors. It does not offer any storage or account-related services, but it is affiliated with storage provider TDSVaults and IRA custodian New Direction IRA.
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