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JM Bullion Reviews

(5 customer reviews)
8/10 (Expert Score)
Product is rated as #10 in category Precious Metals
Overall, JM Bullion is well-regarded for its extensive product range, competitive pricing, and reliable customer service. However, potential clients should be aware of the limitations in customer support hours and the lack of direct IRA services or storage solutions. Those interested in international shipping or additional services may need to consider other options.
Reputation and Experience
8.4
Fees and Costs
7.4
Customer Service
7.8
Selection of Offered Metals
9
Storage and Security
7.5
Buyback Policy
7
Educational Resources
8
Transparency
6.7
Accreditations and Licensing
8
Ease of Transaction
7
PROS:
  • No Commissions: JM Bullion does not charge commissions on transactions, making it cost-effective for buyers​.
  • Diverse Product Range: They offer a wide selection of precious metals including gold, silver, platinum, and palladium in various forms such as coins and bars​.
  • Positive Reputation: JM Bullion has a strong reputation in the market, evidenced by an A+ rating from the BBB and generally positive customer reviews across various platforms.
  • Secure Transactions: The company ensures the security of transactions with strong security measures and insured shipments​.
  • Cryptocurrency Payments: JM Bullion accepts cryptocurrencies like Bitcoin, catering to modern investment preferences​.
CONS:
  • Limited Customer Service Hours: Customer support is only available on weekdays, which might not be convenient for all customers.
  • U.S. Only Shipping: Their shipping services are limited to the U.S., excluding potential international customers​.
  • No Storage Services: JM Bullion does not offer storage services, requiring buyers to find their own solutions for storing purchased metals​.

What is JM Bullion?

JM Bullion is a Texas-based precious metals company that was founded in 2011 by Jonathan Wanchalk, the CEO, and Michael Wittmeyer, the Vice President of Operations.

JM Bullion provides a comprehensive range of precious metals products and maintains a streamlined and consistent product catalog to ensure ample inventory of each item.

In addition, they are a member of the Industry Council for Tangible Assets (ICTA) and the Professional Numismatists Guild (PNG).

People behind JM Bullion:

JM Bullion was established in 2011 by Jonathan Wanchalk and Michael Wittmeyer. Michael Wittmeyer currently holds the position of CEO within the company, while Tom Fougerousse serves as the Vice President of Operations. The company has experienced significant growth, with a workforce of over 100 individuals, including customer service representatives, operations personnel, and executives. The team at JM Bullion is committed to assisting investors in diversifying their portfolios or securing their retirement through the acquisition of physical precious metals.

How to Open a Gold IRA with JM Bullion?

Investing in a JM Bullion IRA is a commonly chosen option for individuals looking to expand their retirement portfolio by including precious metals.

These are the steps you need to follow in order to invest in a JM Bullion IRA:

  • If you don’t have an IRA account, you’ll need to open one with a custodian that permits investments in precious metals. JM Bullion suggests considering New Direction Trust Company or Equity Trust Company as custodians.
  • When it comes to funding your IRA account, it’s important to ensure that you have enough cash or assets from an existing retirement account. You have the option to accomplish this through a rollover or transfer.
  • Once you have successfully funded your IRA account, you have the freedom to select the precious metals you would like to invest in directly from JM Bullion’s website. They have a diverse selection of gold, silver, platinum, and palladium coins and bars that can be included in an IRA investment.
  • After choosing the precious metals you want, simply go to JM Bullion’s website to place your order. To complete the purchase, please provide your IRA account information and use funds from your IRA account for payment.
  • Once your purchase is finalized, JM Bullion will safely deliver your precious metals to a storage facility of your choosing. They suggest considering the Delaware Depository or IDS of Delaware as storage providers.

JM Bullion Products:

At JM Bullion, you’ll find an extensive selection of precious metal products, ranging from gold, silver, platinum, to palladium coins and bars.

Here’s a quick rundown of some of the products they offer:

Gold Products:

  • American Gold Eagles
  • American Gold Buffaloes
  • Canadian Gold Maple Leafs
  • South African Gold Krugerrands and
  • Gold bars available from a variety of manufacturers

And many more.

Silver Products:

  • American Silver Eagles
  • Canadian Silver Maple Leafs
  • Austrian Silver Philharmonics
  • Silver bars from different manufacturers
  • Junk silver coins, specifically pre-1965 US dimes, quarters, and half dollars, can be a wise financial decision.

Platinum Products

  • American Platinum Eagles
  • Canadian Platinum Maple Leafs
  • Platinum Bars

Palladium Products:

Palladium is a highly sought-after precious metal due to its rarity and value. It finds extensive use in various industries such as catalytic converters, electronics, and jewelry. It has become increasingly popular as an investment choice in recent years because of its limited supply and potential for value growth.

  • Canadian Palladium Maple Leafs
  • Palladium Bars

Furthermore, JM Bullion provides a wide range of specialty and collector coins, including lunar series coins, historical coins, and limited edition releases. In addition, they provide IRA-eligible products for individuals interested in investing in precious metals using a self-directed IRA account.

JM Bullion Fees:

JM Bullion applies different fees based on the specific product and chosen payment method. Here is a detailed breakdown of the charges associated with purchasing from JM Bullion:

JM Bullion provides complimentary shipping for all orders over $199 within the continental US. If your order total is less than $199, there will be a flat shipping fee of $9.95 applied. There are also expedited shipping options available for an additional fee. Customers can choose to enhance their shipping method for an extra charge at the time of checkout.

Furthermore, JM Bullion offers a range of payment options for your convenience, such as credit/debit cards, bank wires, paper checks, and PayPal. However, there may be additional fees associated with certain payment methods.

Regarding a gold IRA, you’d need to get in touch with one of their experts to find out their IRA-related fees. This includes set up charges, maintenance fee, storage fees as well as custodian fees.

JM Bullion has partnered with New Direction Trust Company to offer IRA custodial services. The fees for these services will vary based on the type of account and the value of your assets.

JM Bullion Reviews and Ratings on Other Platforms:

Better Business Bureau (BBB):

JM Bullion has received excellent ratings from the Better Business Bureau (BBB), with an A+ rating and an impressive 4.58 out of 5 stars in their BBB account. They have received reviews from around 7,947 customers on the consumer platform. In the past three years, they have received a total of 248 closed complaints. Overall, the company and its services received glowing reviews from all customers. However, there are also a few negative reviews.

Trustpilot:

JM Bullion has received a rating of 4.3 stars out of 5 stars on Trustpilot, as per the feedback from 1,088 satisfied customers. The reviews have a variety of positive and negative ratings. Here are a few examples of both ratings:

ShopperApproved:

JM Bullion has received a stellar rating of 4.8 out of 5 stars on ShopperApproved. There were approximately 351,271 customers who provided reviews for them. Most of them are positive, with only a few being negative.

Siterjabber:

The company has an impressive rating of 4.8 out of 5 stars on Sitejabbar. There, the bullion dealer has received feedback from 3,104 customers to determine this rating. The majority of them are positive, with only a small number being negative.

JM Bullion Review: Conclusion

Indeed, investing with them is a viable option.

JM Bullion is a reputable precious metals dealer with a solid track record since 2011.

The company has positioned itself as a top player in the industry.

In addition, they are highly regarded in the industry and have received numerous positive reviews. In addition, they have received accreditation from the Better Business Bureau and hold an impressive A+ rating.

At JM Bullion, you’ll find an extensive selection of gold, silver, platinum, and palladium products from trusted mints and manufacturers. Plus, they make it easy to see their pricing and fees with transparent information on their website.

On the other hand, it’s worth mentioning that JM Bullion has faced numerous lawsuits, which could be a significant disadvantage.

Specification: JM Bullion Reviews

Main
BBB Rating

A+

Custodian

Gold Star Trust Company, New Direction Trust Company

Gold Bullion

American Gold Eagle, Australian Perth Mint Gold Bars, Canadian Gold Maple Leaf, Chinese Gold Panda, Credit Suisse Gold Bars, Engelhard Gold Bars, Gold American Buffalo, Gold Austrian Philharmonic, Gold British Britannia, Gold Mexican Libertad, Pre-1933 Gold Coins, Valcambi Suisse Gold Bars

IRAEmpire

4+

Silver Bullion

90% Silver ” Junk” Dimes, American Silver Eagles, Australian Silver Kangaroos, Austrian Silver Philharmonics, British Silver Britannias, Canadian Silver Maple Leafs, Chinese Silver Pandas, Engelhard Mint Silver Ingot Bars, Johnson Matthey Vintage 100-Oz. Silver Bar, Mason Mint Bullion Bars, Mexican Silver Libertads, Morgan Silver Dollars, PAMP Suisse Mint Silver Bars, Royal Canadian Silver Bars, Somalian Silver Elephants, Sunshine Minting Silver Bars

Storage Fees

Standard

Trustpilot Rating

4+

Specification
Leadership

Michael Wittmeyer

Videos: JM Bullion Reviews

5 reviews for JM Bullion Reviews

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  1. Josh

    Has mind of it own. Had it go in the air 40 feet and tried to get it to come back down the app so messed up that the drone has a mind of it own it just shoots and there it goes and u might as will say bye hundred dollars because it not able to be found

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  2. Supersquid

    awesome. I bought this to play around in the house with, it is awesome! easy to fly, has an automatic button to do flips, I bought my grandson one for Christmas!

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  3. Ryan

    Super Fun. This drone is so much fun. You can fly it indoor and out. The app is well made and easy to navigate. The camera isn\’t the best but it is alright for what you are paying. Would definitely recommend this drone.

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  4. Crystal

    It\’s perfect for inside. Good for indoor use , battery could be better, loses charge quickly

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  5. Grass

    Nice Starter Drone. It is good drone, and easy to use. Good quality picture & fun to fly. One drawback it moves away from things you hover over so can be hard to land. Also, does not come with a remote, but can be controlled from a smartphone.

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