Today we are going to review JM Bullion! What is JM Bullion? What products and services do they offer? Do they have IRA services? Keep reading and you will find out!
Company: JM Bullion
Contact information: Tom Fougerousse (Vice President Of Operations)
Price: Depends on your investment
Who is it for: Precious metal investors
Overall rating: (4 / 5)
Important to mention! (before we continue with the review)
We always strongly recommend doing your research online before you choose a company to invest in. There are so many reviews online where former clients claim they have been ripped off and scammed. One (very common) tricky way companies get away with this is they disguise charges in so-called “hidden fees”.
So always be aware and please, investigate completely before you make your choice when it comes to big investments.
With that being said, let’s continue with the review!
What is JM Bullion? – Overview
This online company was founded in 2011 by Jonathan Wanchalk and Michael Wittmeyer in Lancaster, PA. In 2014 they moved their headquarters to Dallas, Texas where they kept growing and they were later ranked #1 on the Dallas 100 in 2015. The company operates all their business online and with almost 100 employees that have grown into one of the largest precious metals retailers in the world shipping over 60,000 orders a month.
11700 Preston Rd STE 660-153, Dallas, TX 75230-6112
The products and services offered
JM Bullion has made a name for themselves by being one of the largest online precious metal retailer and the metals they offer are gold, silver, palladium and platinum. They have a variety of coins, bars and bullions that you can choose from and on the website they have the updated live market pricing available clearly.
Here is just an example of what they have in their catalog:
- Gold Coins & Bars (American Gold Coins, British Gold Coins, Australian Gold Coins etc.)
- Silver Coins & Bars (Canadian Silver Coins, South African Silver Coins etc.)
- Palladium Coins & Bars
- Platinum Coins & Bars
- Copper Rounds, Bars & Bullets, Pennies
How does it work?
Purchase easy online by selecting your preferred metal and proceed to checkout where you fill out your info and choose a payment method.
Payment methods that JM bullion accepts:
- Credit/debit card
- eCheck (ACH)
It is interesting and worth to mention that JM Bullion offers 4 % discount on payments via bank wire, eCheck, and paper check. They also offer a 3 % discount for payments made with Bitcoin. There is no discount for card payments or PayPal.
- They offer free shipping if you purchase products for over $199.
- The fee for shipping is $7.99 if you purchase product for a total of under $199.
JM Bullion offers precious metal IRAs and they are partnered up with New Direction IRA for this service. Their preferred depository is A-M Global Logistics which is a full-service Depository that located in Las Vegas, Nevada.
The fees vary depending on the size of your account and the amount of investment.
Do they offer a buyback program?
Yes they do. You can sell your precious metals to JM Bullion all by yourself at their website by locking in the price for your metal. This is a service that differs a bit to their competitors who often require a middle hand to interfere to guarantee the price. At JM Bullion you can choose to make a sale anytime without a sales rep if the product you are selling is listed in their catalog.
After JM Bullion receives the products they will need to verify it and confirm the purchase to send you the payment which often takes a couple of days, depending on where you live.
If the product you are selling back to them is not listed you will have to contact JM Bullion either by phone or email.
How good is their support?
You learn a lot from researching companies, and one thing that always stands out in the overall appearance of a business is their online profile, especially in this digital era. A good marker on this is to check if the links on the website are newly updated, if they have a clear contact page where you can reach out to a sales reps, if the website is user-friendly and easy to navigate. All these questions are important for the customer satisfaction.
At JM Bullion they have a live chat box where you can send in your question to customer representative and they will reply back to your email. They also have a page with Frequently Asked Question FAQ, that is very informative and easy to navigate if you have a lot of questions. I would suggest you read through it before you contact them, often you will find everything you need to know in those pages which can save you a bit of time waiting on the line to reach a sales rep.
If you prefer to talk to a person, you can call them at 1-800-276-6508 (Monday – Friday 8am-6pm CST)
Are there any red flags?
You should always review and compare different investment companies against each other before you make a final decision.
Below I have listed the most trusted and well-known review and rating sites online to see what score they have given JM Bullion as this is a good indication of how good the particular company performs and treat their clients:
Score: Score: (4.5 / 5) (based on 891 review)
Score: Score: (1 / 5) (based on 1 review)
Score: 23 complaints out of 23 reviews
The conclusion from this:
The online reviews on JM Bullion are mixed but the I did find some complaints on the delivery of the products and problems with being reimbursed for missing shippings. However there are a lot of positive reviews as well and this absolutely a good sign for an online retailer who at the very least should be trusted when it comes to the shipments.
Is JM Bullion A Scam?
No, JM Bullion is not a scam. It is a prosperous business that focuses on the online market where purchases can be made easily by the self reliant customer. They are trustworthy and definitely a good gold dealer for the customer in the US market.
Have you been in business with them? We would love to hear what your thoughts of JM Bullion are. Don’t hesitate to leave a comment in the comment section below. Let us know what you think makes a company stand out!
Are there better alternatives out there?
YES! There are a few ones I would consider better alternatives, I got many of them listed on this site, but the absolute best one I can recommend is; GOLDCO.
(Right now you get 10% cashback in free silver if you decide to open a gold IRA with Goldco)
The pros and cons
Something that is always wise (and recommended) to do before making any kind of decision is to compare a company’s positive sides against its negative ones. As always in our reviews we make sure to provide you with some obvious points on both sides of the spectrum to make this job easier for you:
- A+ accredited on BBB
- Good online precious metal retailer
- Negative reviews on shipments
I think it is safe to say that we as consumers are in charge of the survival of businesses and that leaves very little room for mistakes. If you do a quick research and actually read the reviews from former customers you’ll be able to make a better decision on whether or not they are worth your time and money.
Do you own or represent JM Bullion?
If you are a representative, or associate of JM Bullion and have found something not to be correct in this review please, feel free to tell us and we will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you can send us an e-mail to;
Final words and verdict
Overall rating: (4 / 5)
Well, I think that sums up this review pretty well. JM Bullion is a good choice for those who are looking for a dealer that offers quick services and for the customer who already knows what they want to purchase. The website is easy to navigate and the purchase process is very easy to click your way through for anyone who knows his/her way around a keyboard. However, I would say that if you are looking for more special coins and collectibles, JM Bullion might not be the right company for you.
I want you to know that there are more reliable sources out there and I do not want you to miss out on the # 1 dealer out there who can help you securing your hard owned investments. Keep reading below to find out which company stands out the best in 2022!
What company do I recommend?
If you want to protect and secure your retirement savings in 2022 GOLD is the way to go. There are a lot of companies out there that offer great services but at the end of the day, you have to be able to choose a custodian that you trust.
The absolute best one I can recommend is the fastest growing gold IRA provider in the USA right now and it is a very popular alternative among real investors!
KEEP READING TO FIND OUT WHICH COMPANY I RECOMMEND!
If You Are Looking For A Company That Has The FULL Gold IRA Experience, Check Out The Link Below To My Number One Recommended Company!
I hope you found this review on what JM Bullion is to be helpful and that you found it interesting. Please, make sure to share your experience with us if you have any in the comment section below as it can help others. Also, if you have any questions about this review we will be more than happy to answer them below!
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I wish you the best life has to offer!
Investor, writer, and team member of Gold Retired.