JM Bullion Review (2026)

JM Bullion is an online bullion dealer. It sells gold, silver, platinum, and palladium coins and bars, and it made its name on low premiums over the metal’s melt value. The company was founded in 2011. It now operates under A-Mark Precious Metals, a publicly traded precious-metals wholesaler. Most orders carry no minimum, so a new buyer can start small. The catalog is broad. It runs from sovereign coins to generic rounds to cast and minted bars.

This is a delivery-first dealer for self-directed buyers. It suits someone who wants to own physical metal at a competitive price and is comfortable ordering online without hand-holding. It is not a concierge service. It is not a numismatic boutique.

How buying and paying work

You browse, add to cart, lock a price at checkout, and pay. What you pay depends heavily on how you pay. Paper check, eCheck, and bank wire earn a 4% discount over credit card and PayPal orders. Cryptocurrency earns 3%. Card, PayPal, Apple Pay, Google Pay, and Klarna get no discount. Read that the other way around: a card or PayPal buyer pays about 4% more than a check or wire buyer for the same metal. On bullion, where margins are thin, 4% is a large gap. Bank wire also carries a $500 order minimum, so the discount methods are not equally accessible on small orders.

Selling back

JM Bullion buys metal back through a Sell to Us tool. You select what you are selling, lock a quote, ship the metal with their instructions, and receive payment after they inspect and approve it. The minimum sale is $1,000.

Payment timing is where the process gets murky. The page states payment is issued 3 to 7 business days after receipt in one place, then notes elsewhere that payment is currently issued 10 or more business days after receipt. Those two figures contradict each other on the same page. A seller cannot tell from the page alone when to actually expect funds.

Who it suits

JM Bullion fits a price-focused buyer who pays by check, ACH, or wire, wants a wide selection of standard bullion, and plans to take delivery. It works for someone who will read the payment page and choose the discounted method on purpose. It is a weaker fit for a buyer who wants to pay by card without thinking about the surcharge, or who needs certainty about buyback payment timing.

Where it falls short

In 2020, JM Bullion disclosed a data breach. Malicious code placed on its website captured customer information during checkout over several months that year, including names, addresses, and payment card details. Security press reported the incident at the time. The matter was later resolved through a class-action settlement, Newman v. JM Bullion, which provided affected customers credit monitoring and reimbursement of documented losses. A class-action settlement is a negotiated resolution, not a finding or an admission of liability. We have not independently confirmed the settlement’s exact dollar terms, court, or final approval status, so treat those specifics as unverified here.

The pricing structure penalizes convenience. Paying by card or PayPal costs about 4% more, and that is easy to miss at checkout. The buyback page’s timing is internally inconsistent, as noted above. Returns are tight. You have 5 business days after delivery to report a problem or return an order, a market loss policy applies, and credit card purchases carry a 5% restocking fee. Storage is available, but JM Bullion does not run it directly. It is offered through TDS Vaults, a storage operator under the same parent company, A-Mark, so it is an affiliated arrangement rather than an independent one, and its terms sit on a separate page from the buying flow.

Bottom line

JM Bullion is a credible, established dealer for a disciplined buyer who pays the cheap way and takes delivery. The low-premium reputation is real, and the catalog is deep. The caveats are equally real. Card and PayPal buyers pay a meaningful surcharge, the buyback page cannot state its own payment timing consistently, the return window is short, and the company carries a 2020 data breach in its history that ended in a class-action settlement. Choose your payment method deliberately, and confirm current buyback timing before you ship metal.