In this article we’ll take a look at JM Bullion, at their reputation, website, products and prices. This is a complete review of one of the biggest and most respected names in the bullion trade, and one in which we aim to determine whether that reputation and that status is deserved. |
Basics on JM Bullion
The JM Bullion site is very easy to navigate. Some bullion sites are too complicated or too simple, but JM Bullion has set a standard that many other sites have since followed. And as well as their products, including a vast selection of silver, gold and platinum (amongst other metals) they also have all of the latest charts and a huge number of informative articles. This is not just a bullion dealer; it is a comprehensive website that tells you everything you need to know about the industry.
Products and Prices
JM Bullion stocks all of the latest coins and bars, and tends to get these in before any other bullion dealers. That’s because their reputation has given them a close relationship with the world’s biggest mints, which their customers can benefit from. Most of their coins and bars are cheaper, or on par with other top bullion sites, and when bought in small numbers, we haven’t found a cheaper source of Maple Leaf, Eagle and Britannia coins, or of PAMP and Asahi bars. Many other bullion sites add huge premiums to coins bought in low numbers, hoping to convince you to buy more, but while you can save more by buying in larger quantities here, the prices for smaller purchases are very respectable.
JM Bullion also has free shipping throughout the US.
Unique Items
As well as popular and common bullion, JM Bullion also stocks some rarer items that you just won’t find anywhere else.
- Copper: JM Bullion is one of the few bullion sites that sell copper rounds and bars. As things stand, copper is very cheap, but many believe that it is becoming scarce and that its price will jump considerably in the years to come. However, if you buy these bars and rounds then you will need a significant rise in order to profit, because they usually carry high premiums. As an example, at the time of writing the price of copper is just over $2 per pound, yet the price of a 10 pound bar on JM Bullion (the highest denomination bar on the site) is $71. This means that you’re paying more than triple, so this is only viable for those who think the value will go through the roof, and for collectors looking for something different.
- Silver Bullets: Silver stackers love anything new and different, and silver bullets definitely fit into that category. This bullion carries a premium, but they usually don’t have an issue covering that premium when you sell them on. Silver bullets are available in many different calibers.
- Circulated Silver: Many old US Mint coins contained real silver, and you can buy some of these on JM Bullion. These are unpolished, marked and often in poor condition, but they are perfect for numismatists and are also a great way to buy cheap, rare silver.
- Palladium: JM Bullion is also one of the few bullion dealers that stocks palladium. The range is still quite limited, with PAMP bars in sizes of 1 gram, 10 grams and 1 ounce, but they also sell a 1 ounce palladium Maple Leaf coin in Brilliant Uncirculated condition.
Conclusion on our JM Bullion review
When it comes to low-cost bullion, there are a few sites that fit the bill, and most of the time there is very little to separate one site from the next. JM Bullion often get the nod because their low-cost bullion comes with free shipping, which means you can make even more savings, and because they also stock items that you just can’t find anywhere else. If you go there to stock up on low cost bullion coins and you’re anything like us and like many gold and silver stackers, you’ll also end up with a few precious metal bullets, copper rounds and rare coins. These are rare, beautiful items that many precious metal collectors just can’t resist, and that, along with the low-prices, free-shipping and exceptional service that you would expect from a bullion dealer like this, makes JM Bullion one of the biggest and best in the industry.
If you’re based in the States, there is no cheaper option. If not, then the high shipping charges may negate any savings you make, and you’d be better off with a storage or trading site like GoldBroker or BullionVault.