Last Updated on November 30, 2023 by Ben
Deciding whether to invest your hard-earned money is a big one. It’s important to do your research and find an advisor you can trust to give you sound advice. At MJPM, they take pride in being able to provide their clients with unique investment opportunities that fit their individual needs. They know that each client has specific goals and risk tolerance levels, so they work hard to create customized investment portfolios for them.
MJPM Review: A Secure Way of Buying Gold
What is MJPM?
MJPM stands for Michael’s Jewelers Precious Metals.
This is a company that sells precious metals, and it offers competitive prices that are secure. It sells gold coins, silver coins, platinum and palladium coins, and bars.
Since 1985, they have been taking care of customers in the Pacific Northwest, including Corvallis, Albany, Portland, Lebanon, Salem, Eugene, Bend, and Redmond. They do this by having the best prices and products.
How Much Does MJPM Cost?
The company does not charge any sales tax on the precious metals they sell since they are located in Oregon. They also have a Daily Specials page where you can find out about their current discounts and special offers.
Gold IRAs are another hot topic for retirement investors. MJPM is willing to accept contributions from and distribute straight to IRA custodians. It’s not clear, though, whether they’re currently partnered with a preferred IRA custodian.
With up-to-date prices and spreads from MJPM, you’ll always know what it costs to open a gold account. There are also live national rates available on their website so that the spot value of each metal can be seen at your convenience!
Products & Services of MJPM
MJPM is a company that buys and sells gold. They sell American Eagle, Canadian Maple Leaf, gold bars, Krugerrands, and coins. MJPM is your trusted secure source for buying and selling gold at competitive prices. The company has been in business since 1985.
Here are some of the gold products that MJPM offers:
- Gold American Eagle 22 kt.
- Canadian Gold Maple Leaf 24 kt.
- Australia Gold Kangaroo 24 kt. 31.1 grams
- Gold Buffalo 24 kt. 31.1 grams
This silver coin is the best deal and the most valuable of all legal tender coins. MJPM buys and sells almost all silver coins, and they are also cheap.
MJPM offers these silver products:
- U.S. 90% Silver Dimes
- 90% Silver Mixed Half Dollars
- 2021 Silver American Eagle TYPE 2
- Back Date American Silver Eagles .9999
Here are some of the products:
- American Eagle Platinum Coin (all dates)
- Canadian Platinum Maple Leaf
- Platinum .9995 Bar Carded Generics
- Australian Platinum Kangaroo
MJPM also offers special coins that are rare and collectible. They are as follows:
- 1883 Hawaiian Half Dollar – This is a small coin of Hawaii. It is worth $64, and it has been checked to make sure that it is real.
The details are larger and clearer on both the front and back of this coin. The date was made earlier, which is why it looks better.
- Original 1906-S Philippine Peso NGC- This is a key date in the Philippine Peso series. It has been classified and certified by NGC.
This coin is in mint condition, and the original mint color is still there on the front and back. It’s a good price for collectors or investors.
- 1916 Standing Liberty Quarter – This is the first year of the coin with the exposed breast. It has a mintage of 52,000 coins.
- 1916-D Mercury Dime MS63 FB (PCGS) – They grade, authenticate, and certify their coins. This coin is original, and it has not been touched by anything. Sometimes these coins are old, but the ones they have are new. It looks very nice because there is no dirt on it.
- Coin Jewelry – MJPM offers a lot of different things. They have coins from all over the world, as well as jewelry you can wear. They also do jewelry repairs in their store.
MJPM: What You Need To Know?
You can buy or sell things on the site. You should be able to see how much money you will get for what you are selling or buying. If you want to learn about the prices, ask for a confirmation number. The next move is to email MJPM with your NAME, ADDRESS, DAY-TIME PHONE NUMBER, AND CONFIRMATION NUMBER after you call. Your trade and prices will not be locked in otherwise. When you email MJPM, they will send a trade sheet/invoice order to you. Your trade has now been confirmed and is in a legally binding contract.
How to Order?
Exact prices for precious metals can only be confirmed by phone. This is because the market changes so often. But it is possible to lock in prices by phone if you speak with us first and give us a confirmation number.
When you sell to MJPM Inc., your shipment must be delivered to MJPM Inc. no later than ten business days from the transaction date. They set aside the right to cancel any order for not delivering on time, and they assume NO FINANCIAL RESPONSIBILITY whatsoever if you put us at risk.
They allow you to get money from your check within 3-10 days. If your order is over $25,000, then it’s best if you pay with a wire transfer. You can get the money faster.
You will get your order through the United States Postal Service. It will come to your house by Insured Mail or Registered mail. If you are not home or at work, they will hold it at the post office for you to pick up. If a package is delivered to your house, the post office must leave a note on your door. They have to try three times before they give up. During this time, you can pick up the package from the post office and sign for it.
They do not accept credit cards, debit cards, or any other form of electronic payment. They may ask for a wire transfer, guaranteed overnight check, or direct account deposit at their discretion.
You need to send your payment the same day you trade with us. Your order will be canceled if you don’t obey this rule. You should also check that the money is correct when you send it in. You can choose to use different shipping options, with delivery times of 1-5 days, depending on what you need it for. MJPM might cancel your order if you have not paid the correct amount of money, it has been lost in the mail for more than five days, or it does not have a signature.
MJPM Ratings and Reviews
Here are some of the best ratings from business directories and rating bureaus.
- BBB Rating: NR
- BBB Complaints: 0 accusations in the last three years
- BCA Rating: Not Listed
- BCA Complaints: Not Listed
- CitySearch: Not Rated
- Google+: Not Listed
- RipOff Report: Not Listed
- SiteJabber: Not Rated
- Trustlink: Not Listed
- Yellow Pages: (5 / 5) based on eight reviews
- Yelp: Not Rated
MJPM is not very popular on the internet. The ratings are good, and there are perfect grades from the BBB and 4.5 stars on Google+. This means that MJPM does a good job of keeping a positive reputation while being mostly local.
Is MJPM a Scam?
They will close this MJPM Review by answering a common question about their business. MJPM is a good company to buy from. And the owner, Michael Chambers, knows what he is doing because he is a specialist in precious metals. The only problem with it is that there are no ratings or reviews because it has been in the industry for a long time. There are other dealers where people can order online. If you are not satisfied with MJPM, you can try my top recommendation.
MJPM Pros and Cons
- Good products and services
- The owner is a veteran in the industry
- Has been in business since 1985.
- Can’t order online
- Lacks ratings and reviews
Augusta Precious Metals
Augusta is a fantastic choice for a gold business because of its excellent customer service, low prices, and status as my top pick. It has a solid reputation for being honest and upfront with customers, so you know exactly what their service entails from start to finish while investing in precious metals! Only Augusta Precious Metals provides account lifetime client care.
Their strategy, in addition to educating individuals on how the economy works and how it affects their finances, has been verified time and again as one of the finest methods to prevent money from depreciating when confidence is shaken, and numerous politicians are unable to make good decisions.
American Hartford Gold
American Hartford Gold deals with precious metals such as gold, silver, platinum, and palladium. The firm was established in 2015 in Los Angeles, California. In addition to collectible coins, the company sells a variety of IRA-approved bullion. Gold, silver, and platinum items are available in the catalog.
American Hartford Gold also offers retirement investors the opportunity to open a Gold IRA. The company also helps individuals in establishing a Gold IRA in a three-step process that is both simple and straightforward. Customers may store their metals with one of three secure-keeping companies as well.
The company is particularly conscious of educating its customers. A free Gold and Silver Information Guide, as well as a section dedicated to “Market News and Charts,” is available. The aforementioned area, for example, offers a variety of articles on a number of themes that ultimately educate the reader about precious metals investment.
Goldco is a company founded by Trevor Gerszt, an American entrepreneur and businessperson, in 2006. It’s located in Woodland Hills, California.
Goldco, like most gold IRA companies, works exclusively with self-directed IRA custodians. They believe Self Directed IRA Services Inc. and Equity Institutional are superior to other options.
Both of these custodians are some of the most popular among dealers. You may, however, choose a custodian or storage facility outside Goldco’s recommendations as long as they fulfill IRS rules.
The company can supply the metals straight to your home. If you buy metals using an SDIRA account, however, the IRA-approved custodian will store them for you. You won’t be able to pick up your purchase.
The company MJPM has been in the industry for a long time, and its owner, Michael Chambers, knows what he is doing. With that being said, some might find it odd that they do not have ratings or reviews considering their longevity in the business. However, customers can take comfort knowing that this means they are legit and genuine, which means you will not get scammed when purchasing from them, unlike other dealers who may be looking to make an extra buck by scamming people out of their money with fake gold.