Welcome to my Modern Coin Mart Review!
This company takes pride in giving Confidence, Trust, and Reliability.
Are they able to live up to their company's values?
Let's get to know this company in this Modern Coin Mart Review!
So, without further ado, let's go!
Modern Coin Mart Summary Review
- Name: Modern Coin Mart
- Website: https://www.moderncoinmart.com/
- CEO/Owner: Asset Marketing Services LLC
- Price: No Minimum Indicated
- Rating: 3.5/5.0
What is Modern Coin Mart?
Modern Coin Mart®, MCM® is a brand of Asset Marketing Services, LLC (AMS). AMS is a retail distributor of coin and currency issues. More so, they established the company in 2004.
ModernCoinMart(MCM) is one of the largest dealers of modern coins and precious metals on the internet. Furthermore, the company employs more than 35 people, including nearly a dozen seasoned numismatists with a combined total of more than 250 years in the business.
To summarize, customers know MCM for having an incredibly large selection of various products and as the Modern Coin Superstore® among its loyal customers.
Products and Services of Modern Coin Mart
Modern Coin Mart Precious Metal Products
Modern Coin Mart sells a huge variety of precious metal products. Plus, they offer products coming from 67 different mints globally. However, the availability of the products from these mints is not always guaranteed.
Below, I have listed the products that Modern Coin Mart sells.
Silver Coins, Bars, and Rounds
The intrinsic value of silver has been recognized for thousands of years by both ancient and modern cultures throughout the world. First, people used it as a currency in 700 B.C. Today, silver bullion rounds, bars, and collectible coins have retained their legendary luster and are among the most treasured - and most affordable - of all precious metal coinage.
For stackers, silver's an important component of a diversified portfolio. Furthermore, not being tied to a fiat currency, silver has historically increased in value with inflation while providing security in times of economic downturn.
Gold Coins and Bars
Gold has been one of the most prized substances known to man since before recorded history. From ancient coins through world coins, Classic U.S. Gold, and modern gold coins from the U.S. Mint and mints around the world, MCM offers them to you.
Popular Gold Coins include the American Gold Eagle, the American Gold Buffalo, the South African Gold Krugerrand, and the Chinese Gold Panda. Plus, MCM also offers Gold Bullion from leading mints such as Johnson Matthey, PAMP Suisse, Credit Suisse, Valcambi, Sunshine Minting, Perth Mint as well as their own MCM Gold Bars And Rounds.
US Mint Coins in Gold, Silver & Platinum
US Coins from the United States Mint are coveted by collectors and bullion buyers alike. A wide variety of silver, gold, platinum, palladium and clad coins have been struck by the U.S. Mint since production began in the early 1790s. Plus, some coins were for circulation, others were just for collectors, but today practically every U.S. coin is collected by someone.
World Coins
ModernCoinMart carries a wide array of coins from all over the world. So, they take pride in their diverse selection of coins from all over the world, as well as their competitive pricing.
Memorabilia & Collectibles
Memorabilia is derived from the Latin word for memorable, and are considered objects treasured for the memories and connection to significant historical, cultural, or entertainment events.
From vintage sports collectibles to 1900s’ Vienna art plates, memorabilia collections are extremely diverse and can reach collectors from all backgrounds.
Sports Cards
Like most collectors, sports card aficionados practice the hobby by collecting their favorite players of new and old. Now, you can join or continue this popular hobby from the convenience of your home thanks to Modern Coin Mart!
With an assortment of modern and vintage graded sports cards from world-renowned third-party grading services such as PSA and BGS, MCM can ensure that every card you add to your collection will be one of quality.
Platinum, Palladium, Clad Coins, Accessories, and More
In addition to Gold and Silver, MCM offers a variety of other metals, coins, accessories, and currency. As scarce but widely used metals, Platinum And Palladium are gaining popularity with bullion and buyers. American Platinum Eagles and Canadian Platinum Maple Leaf are two of the most popular choices for Platinum coins while both metals are also available in Platinum & Palladium Bullion Bars.
For collectors interested in obtaining sets, they offer many options for Proof And Mint Coin Sets. The U.S. Mint has produced a tremendous amount of sets for collectors over the years, some are quite valuable while others are obtainable on most budgets.
Sell Your Precious Metals to Modern Coin Mart
You can also opt to sell any unwanted precious metals to Modern Coin Mart. They claim to give you the best selling experience you can find. Plus, they also claim to give you the best offer that you can get for your precious metals. Furthermore, if you have products that are in excellent condition, then they are willing to pay top market prices for it. So, if you are interested or have more questions, then feel free to contact them at their official channels.
How Does Modern Coin Mart Work?
There are three main ways that you can buy products from Modern Coin Mart. First, you can use their website as it also acts as a e-commerce website. So, you can just simply add products to cart and then proceed to checkout where you will fill-in the required information. A second way of buying products is by going to their eBay store page. To summarize, the eBay page acts like any other e-commerce website online. Lastly, you can try to order by phone by calling them between 8:00 a.m. - 5:00 p.m. Eastern time from Monday to Friday. They are closed during the weekends and holidays. However, I do not recommend using this method as using the first two methods are much more relatively simpler.
Additionally, you can schedule a visit to sell your coins or pick up your orders. These visits must be scheduled 48 hours before the time of visit. So, make sure to make an appointment or you will not be entertained by the staff.
Payment Methods
Below, I have listed the payment methods that Modern Coin Mart accepts as well as the limitations for each method.
- PayPal
- Visa/Mastercard/American Express/Discover Credit Cards (Maximum $25,000 order)
- Wire Transfer (minimum order of $1,000)
- Checks/Money Orders (minimum total order of $300)
Unfortunately, Modern Coin Mart does not accept cast as a form of payment. Plus, they will charge the sales tax appropriately depending on each rules of different states, counties, or city that the order is being shipped to.
Delivery Method
Modern Coin Mart offers free shipping for domestic orders above $199 using either USPS or UPS. Plus, orders above $250 will ship with signature confirmation. Furthermore, they also accept orders from different countries across the world. Below, you can see if they accept orders from your country.
So, international shipping fee price depends on the value of your order and the destination country. Below, you can find their international shipping rates.
Country | Order Value | Shipping Rate |
|---|---|---|
Canada | $0 - $799 | $29 |
Canada | $800 - $2,499 | $60 |
Canada | $2,500 - $4,999 | $100 |
Canada | $5,000 - $9,999 | $150 |
Canada | $10,000+ | $250 |
International (Excluding Canada) | $0 - $2,499 | $60 |
International (Excluding Canada) | $2,500 - $4,999 | $100 |
International (Excluding Canada) | $5,000 - $9,999 | $150 |
International (Excluding Canada) | $10,000+ | $250 |
However, these rates does not include the additional cost of shipping heavy weight items such as a monster box. To clarify these question, you can contact them first about what you are planning to purchase and what additional fees might incur.
Modern Coin Mart Policies
Return Policy
Modern Coin Mart only offers returns of items that are non-bullion. Bullion items cannot be returned and can only be exchanged with other product in case of a manufacturer's defect. However, you can return or refund non-bullion products within 30-days of ship date. Furthermore, the product must be returned with all original packaging and bonus items or it will be subject to a 20% restocking fee.
Cancellation Policy
Like their return policy, Modern Coin Mart does not allow cancelling orders of bullion products. So, they only allow cancellation of non-bullion products. You can cancel your orders by calling them during business their business hours.
Additionally, what can be considered as a bullion or non-bullion products is at Modern Coin Mart's discretion. So, you might want to clarify these things first with them before buying any products.
Market Loss Policy
However, for a special reason if a bullion is cancelled and refunded it is subjected to Modern Coin Mart 's market loss policy. This means that the buyer will shoulder the full difference between the price during purchase and the price during cancellation. Plus, the buyer is also subject to a 5% cancellation fee. However, if the price of the bullion increased during the time between purchase and cancelling, then those market gains are the property of MCM and the customer cannot claim the price difference.
Modern Coin Mart Price Beat Policy
Modern Coin Mart offers to beat any competitor's price on any product that is on their website. However, this only applies to companies that Modern Coin Mart have listed as a competitor. Plus, the competing company must also have this product in-stock and does not give out hidden charges. After meeting all those criteria, then they will give you a newer cheaper price.
Reviews and Ratings of MCM (2023)
Below, you can find the recent Modern Coin Mart reviews from customers.
- Truspilot - 2.4 out of 5 based on 7 reviews
- Yelp - 2.5 out of 5 based on 4 reviews
- BBB - 3 out of 5 based on 7 reviews, A rated Accredited business
So, it seems that there aren't a lot of Modern Coin Mart reviews online. Plus, these reviews came with low ratings from customers. So, it's hard to recommend them when their reviews is not great.
There are a lot of other companies out there that have great reviews from customers. Below, I have listed some reviews of precious metals companies I think you should check out.
However, my most recommended is Goldco. So, I highly recommend you check them out!
What I LIKE About Modern Coin Mart
A Lot of Products
Modern Coin Mart offers a lot of products, especially those with a great value!
So, if you are a collector and looking for limited edition items, Modern Coin Mart is the one for you!
Good Payment Terms
MCM accepts major credit cards such as Visa, MasterCard, American Express, and Discover. Additionally, they also accept PayPal, checks, money orders, and Bank Wires. Furthermore, they offer a 2.95% discount for all orders over $1000 that are paid for with a bank wire. However, they do not accept traveler’s checks, credit card advanced checks, or any kind of digital currency.
You Can Sell Coins to them
ModernCoinMart (MCM) is a nationally trusted online source for coins. Additionally, selling your coins and precious metals to MCM is quick and easy.
MCM is looking for quantities of excellent condition, properly stored "one owner" U.S. Mint products; plus, they are willing to pay top market prices for your collection of these items. They will also buy NGC and PCGS certified coins selectively for current inventory needs.
What I Don't Like About Modern Coin Mart
Does Not Offer IRA Services
The company only offers the product itself and does not include IRA services. So, they are basically a retail store of precious metals coins, bars, bullions, etc.
Low Rating and Reviews
MCM has low ratings and reviews. Some are even complaints.
So, this shows that their services are somewhat inconsistent.
Is Modern Coin Mart a SCAM?
To summarize this Modern Coin Mart review, Modern Coin Mart is NOT A SCAM.
They offer a great range of precious metal products, collector items, and many more.
However, just like other companies, they have complaints and low reviews.
So, it is suggested that they up their game when it comes to customer service.
Final Thoughts
In this Modern coin mart review, we have established that they are not a scam; however, their ratings leaves much to be desired. However, if you are looking for a company to have full confidence, trust, and reliability, I recommend GOLDCO.
Goldco is a leader in the precious metals industry, with over a decade of experience helping customers protect their retirement savings. If you have an IRA, 401(k), 403(b), TSP, savings, or similar tax-advantaged retirement account, a Goldco Specialist can help you protect those assets with a Precious Metals IRA.
Goldco also offer direct sales of gold and silver to their customers. Furthermore if you have a savings account, a Goldco Specialist can help you diversify those funds with precious metals.
So, whether you want to roll over retirement assets into a Precious Metals IRA or buy gold and silver directly, a Goldco Specialist can help you navigate each step of the process.
Goldco is a privately held firm specializing in wealth and asset protection. Plus, they are rated A+ by the Better Business Bureau and Triple-A by Business Consumer Alliance. Furthermore, their quality customer service, dependability, and ethical business practices have resulted in thousands of satisfied customers and positive reviews.
Click below to know more about GOLDCO!
Thank you for reading our Modern Coin Mart Review!