Good experience selling to JM Bullion
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Good experience selling to JM Bullion
Just an FYI that I had a good experience selling 20 coins to JM Bullion last week. Their price was about $600 higher ($30 per coin) than what Apmex was offering. About 1% above spot for Eagles, 1% below for Maple Leafs and 1.3% below for Krugs. Dropped my package off at 5:00PM last Wednesday and had the funds in my bank account by Sunday morning. Postage (two day) & insurance cost $87.50.
Re: Good experience selling to JM Bullion
Thank you for posting this, Barrett.
This is a good data point.
This is a good data point.
Re: Good experience selling to JM Bullion
I don't sell often, but when I do, I have always sold to a local coin shop. I've been hesitant to try selling via the mail with a dealer. It's nice to hear that some folks have had positive experiences with it.
The journey of a thousand miles begins with a single step. -Lao Tzu
Re: Good experience selling to JM Bullion
If you sent 5 coins and the dealer said you only sent 4 how would that ever get resolved?
I realized that the one time I bought gold coins mail order ... what was my recourse if I did not receive what I'd ordered and paid for and the dealer said had sent?
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: Good experience selling to JM Bullion
Don't know the answer to your question, Vinny, but I guess that is one of the risks of selling to a major dealer via mail (and getting a higher price). JM Bullion is located in Irving, TX so I wasn't about to fly down there. I did several mail order purchases from Kitco back in 2018. Started with five coins to test the waters and then made a few slightly larger orders. All went very smoothly even though I was a little squeamish about doing business with a company based in Canada (Montreal, I believe).
pmbug, I only priced this at one local shop and he was offering 3% to 9% under spot, so not good. In fairness he runs a super small shop and would likely take on a lot of "resale risk" if he bought 20 coins. We do have another place 40 miles away that probably would have offered a decent price but they were closed the day I was trying to get this done. Just wanted to get it taken care of before I had to leave town for a couple of days.
Re: Good experience selling to JM Bullion
If I were to sell (a valuable lot) to a dealer, I would do what they do when they sell - record video of the metal getting packaged (and sealed) for shipment and ship insured.
The journey of a thousand miles begins with a single step. -Lao Tzu
Re: Good experience selling to JM Bullion
That's actually not a bad option if you can make it work. That's less than 15 minutes away from the second-busiest, and very centrally-located, airport in the country. If you're really dealing in quantity the trip could easily be worth it.
Re: Good experience selling to JM Bullion
Until now I'd not known such a thing existed.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: Good experience selling to JM Bullion
Good to know, Barrett, thanks.
I don't know if I'll ever sell, but if I do I'll just follow the instructions for mailing it. I'm sure JM Bullion and Apmex are used to every customer being nervous, but they receive shipments every day.
As for flying, I don't think I could handle bringing more than a 1/4 oz of gold on a plane or through TSA. Easier for me to walk to the post office.
I like Pmbug's idea of videoing the process of packing it up, if only for peace of mind.
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Re: Good experience selling to JM Bullion
JMB doesn’t show up on Google Maps in DFW. And they give no address anywhere on their website. Maybe these are for security reasons. I will have to call them to see if they allow in person dealings.
Re: Good experience selling to JM Bullion
Completely off topic. But was it you who mentioned here Biggs's Wealth, War & Wisdom book?I Shrugged wrote: ↑Wed Jun 26, 2024 12:49 pm JMB doesn’t show up on Google Maps in DFW. And they give no address anywhere on their website. Maybe these are for security reasons. I will have to call them to see if they allow in person dealings.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: Good experience selling to JM Bullion
Default something Window? Never mind i just realized: Dallas-Forth Worth
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Re: Good experience selling to JM Bullion
yankees60 wrote: ↑Wed Jun 26, 2024 2:05 pmCompletely off topic. But was it you who mentioned here Biggs's Wealth, War & Wisdom book?I Shrugged wrote: ↑Wed Jun 26, 2024 12:49 pm JMB doesn’t show up on Google Maps in DFW. And they give no address anywhere on their website. Maybe these are for security reasons. I will have to call them to see if they allow in person dealings.
Yes.
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Re: Good experience selling to JM Bullion
I found their shipping address and looked it up. It’s a nondescript building in an industrial park. Still I should be able to hand deliver, with pre-clearance.
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Re: Good experience selling to JM Bullion
No dice. I’d have to send it in. I’m considering it.
Re: Good experience selling to JM Bullion
Thought so.I Shrugged wrote: ↑Wed Jun 26, 2024 3:59 pmyankees60 wrote: ↑Wed Jun 26, 2024 2:05 pmCompletely off topic. But was it you who mentioned here Biggs's Wealth, War & Wisdom book?I Shrugged wrote: ↑Wed Jun 26, 2024 12:49 pm JMB doesn’t show up on Google Maps in DFW. And they give no address anywhere on their website. Maybe these are for security reasons. I will have to call them to see if they allow in person dealings.
Yes.
I bought it when you told us about it.
Finally read it a few weeks ago.
It was too weak and speculative on the links between the market and what was going on current events-wise.
But it was completely outstanding on the history part of it.
I've read lots and lots and lots on World War II and this book had a lot of things about that I'd never read before.
Reading the book made me want to read other of his books.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: Good experience selling to JM Bullion
I’m glad you got some good things out of it. I have not read anything else by him.yankees60 wrote: ↑Wed Jun 26, 2024 8:34 pmThought so.I Shrugged wrote: ↑Wed Jun 26, 2024 3:59 pmyankees60 wrote: ↑Wed Jun 26, 2024 2:05 pmCompletely off topic. But was it you who mentioned here Biggs's Wealth, War & Wisdom book?I Shrugged wrote: ↑Wed Jun 26, 2024 12:49 pm JMB doesn’t show up on Google Maps in DFW. And they give no address anywhere on their website. Maybe these are for security reasons. I will have to call them to see if they allow in person dealings.
Yes.
I bought it when you told us about it.
Finally read it a few weeks ago.
It was too weak and speculative on the links between the market and what was going on current events-wise.
But it was completely outstanding on the history part of it.
I've read lots and lots and lots on World War II and this book had a lot of things about that I'd never read before.
Reading the book made me want to read other of his books.
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Re: Good experience selling to JM Bullion
FWIW I have sold to APMEX before and it was a smooth process.