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JM Bullion

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JM Bullion

Postby Doctor Steuss » Tue Apr 11, 2023 4:54 pm

I was going to take advantage of the premiums SD Bullion is buying at, but then noticed that their minimum is really high to sell to them (I'm only looking to unload a handful of ASEs, and a 1/10 oz AGE). JM Bullion's buy prices seem pretty good ($31.82 for ASE, and $221.63 for 1/10oz AGE), and I'm not seeing that they have a minimum.

Anyone have experience selling to them? Positive/negative?


ETA: Here's a link to JM Bullion's listed buy prices: https://www.jmbullion.com/my-account/buyback-products/
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Re: JM Bullion

Postby 68Camaro » Wed Apr 12, 2023 6:52 am

A first post attempt yesterday was going to attempt some humor but the post failed to submit, and that's probably for the better! Short answer is no, haven't sold to them (or to anyone, except some minor position trading mostly on RC). Still accumulating; selling will take either a big unusual need or an unexpected sustained loss in income.
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Re: JM Bullion

Postby Cu Penny Hoarder » Wed Apr 12, 2023 6:55 am

Sold to Apmex a few times, but never JM. Those buy prices are pretty low. Apmex probably pays more. Also, I try a LCS or a private sale... you'll get much more for those items now with the high premiums dealers are charging.
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Re: JM Bullion

Postby Lemon Thrower » Wed Apr 12, 2023 8:18 am

I have no experience with JM but I think its questionable that they would pick a confusingly similar name to Johnson Matthey which is no longer in business.
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Re: JM Bullion

Postby stas3000 » Wed Apr 12, 2023 9:00 am

Lemon Thrower wrote:I have no experience with JM but I think its questionable that they would pick a confusingly similar name to Johnson Matthey which is no longer in business.

The company was founded by Jonathan Wanchalk and Michael Wittmeyer. The business is now owned by A-MARK Precious Metals. I imagine Jim and Mike are doing pretty well after that deal. :)

I've bought very little from them over the years but it was all trouble-free. Never sold to them.
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Re: JM Bullion

Postby Doctor Steuss » Wed Apr 12, 2023 9:39 am

Cu Penny Hoarder wrote:Sold to Apmex a few times, but never JM. Those buy prices are pretty low. Apmex probably pays more. Also, I try a LCS or a private sale... you'll get much more for those items now with the high premiums dealers are charging.

The main LCS is paying way lower (stopped by last Friday). Spot for ASE, and below spot for the AGE. They are also selling way lower, lol, so understandable. When I showed them the buy/sell prices online they were gobsmacked.

Thank you for the heads-up with Apmex. I'll look at them.

ETA: Apmex has a minimum of $1K $5K, so unfortunately a no go there.
Last edited by Doctor Steuss on Wed Apr 12, 2023 10:04 am, edited 3 times in total.
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Re: JM Bullion

Postby Doctor Steuss » Wed Apr 12, 2023 9:41 am

68Camaro wrote:Still accumulating; selling will take either a big unusual need or an unexpected sustained loss in income.

I have a potential second back surgery on the horizon, so trying to gradually make sure there's extra cash on hand in case for my wife/son should things not go as planned.

Rascally high deducible insurance plan doesn't do any favors either.
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Re: JM Bullion

Postby pmbug » Wed Apr 12, 2023 9:52 am

JM Bullion has been around for a long time and they have a good reputation. I have bought a little from them over the years and never had any problem. I've never sold to them.

I missed the news on them getting acquired by A-Mark. Good to know.

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Re: JM Bullion

Postby Lemon Thrower » Wed Apr 12, 2023 10:07 am

stas3000 wrote:
Lemon Thrower wrote:I have no experience with JM but I think its questionable that they would pick a confusingly similar name to Johnson Matthey which is no longer in business.

The company was founded by Jonathan Wanchalk and Michael Wittmeyer


Good for Jim and Mike. But you sort of made my point. Odd that they didn't name their company WW Bullion, don't you think?
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Re: JM Bullion

Postby stas3000 » Wed Apr 12, 2023 1:32 pm

Lemon Thrower wrote:
stas3000 wrote:
Lemon Thrower wrote:I have no experience with JM but I think its questionable that they would pick a confusingly similar name to Johnson Matthey which is no longer in business.

The company was founded by Jonathan Wanchalk and Michael Wittmeyer


Good for Jim and Mike. But you sort of made my point. Odd that they didn't name their company WW Bullion, don't you think?

I don't know. Never really thought about that. To me JM Bullion never had anything to do with Johnson Matthey. But hey, WW Bullion... that's not too bad! Maybe that's the next business they can start unless A-Mark won't let 'em. :lol:
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Re: JM Bullion

Postby Lemon Thrower » Wed Apr 12, 2023 1:37 pm

Scott and Dale are looking to open a business too. lol
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Re: JM Bullion

Postby stas3000 » Wed Apr 12, 2023 8:40 pm

Lemon Thrower wrote:Scott and Dale are looking to open a business too. lol

:thumbup:
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Re: JM Bullion

Postby Recyclersteve » Thu Apr 13, 2023 1:36 am

Lemon Thrower wrote:Scott and Dale are looking to open a business too. lol


People in Scottsdale, AZ might be confused if this occurred…
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

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substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: JM Bullion

Postby Lemon Thrower » Thu Apr 13, 2023 5:10 am

They should probably move their business to Engelhard PA then
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Re: JM Bullion

Postby knibloe » Fri Apr 21, 2023 1:13 pm

Late to this thread, but was there no one on the site that would purchase what you were looking to sell?
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Re: JM Bullion

Postby Doctor Steuss » Fri Apr 21, 2023 1:20 pm

knibloe wrote:Late to this thread, but was there no one on the site that would purchase what you were looking to sell?

Hi knibloe,

I didn't offer them up for sale here. Once factoring in the costs of shipping and insurance, it didn't seem to be worth it (in my head).
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