Welcome to my MJPM Review!
Are you looking for a secure way of buying gold and other precious metals?
Are you familiar with MJPM?
If not, let's get to know MJPM and determine if they can be trusted!
So, without further ado, let's dive into this MJPM review!
MJPM Review Quick Summary
- Name: MJPM (Michael's Jewelers Precious Metals)
- Website: https://mjpm.com/
- CEO/Owner: Michael Chambers
- Price: Varies
- Rating: 3.8/5.0
What is MJPM?
MJPM stands for Michael's Jewelers Precious Metals.
So, they are a dealer of precious metals that offers a competitive and secure source to buy and sell gold, silver, and platinum.
Since 1985, they have been taking care of customers in the Pacific Northwest including Corvallis, Albany, Portland, Lebanon, Salem, Eugene, Bend, Redmond, McMinnville, Roseburg, Medford, Newport, Tillamook, Kaiser, Lincoln City, and throughout North America with personal service, the best prices, and products.
Products & Services of MJPM
Below, you can find the precious metals that MJPM offers.
MJPM is a buyer and seller of American Gold Eagle, Canadian Maple Leaf, Gold Bars, Krugerrands, and Gold Coins at competitive prices. So, the company can become your trusted secure source for gold. Plus, they are a company that offers recognized discount Interstate and local Oregon bullion gold coin dealers since 1985.
Below, you can find 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
90% Junk Silver Coin is the best deal and the caviar of all legal tender silver bullion products. Plus, MJPM buys and sells 90% junk silver in any quantity of dimes, quarters, or half dollars at extremely competitive prices.
Below, you can find some of the silver products that MJPM offers:
- U.S. 90% Silver Dimes
- 90% Silver Mixed Half Dollars
- 2021 Silver American Eagle TYPE 2
- Back Date American Silver Eagles .9999
and many more...
Here are some of the platinum products that MJPM offers:
- American Eagle Platinum Coin (all dates)
- Canadian Platinum Maple Leaf
- Platinum .9995 Bar Carded Generics
- Australian Platinum Kangaroo
MJPM also offers rare and collectible coins like the following:
1883 Hawaiian Half Dollar
A wonderful gem original half dollar of Hawaii authenticated and graded by PCGS MS-64+.
Furthermore, all the details are bold and sharp on both obverse and reverse indicating an earlier striking and fresh die. A genuine treasure of Hawaii and amazing in every regard.
Original 1906-S Philippine Peso NGC
The key date to the wildly popular Philippine Peso series. Plus, the NGC grades and Certifies the AU Details/Scratches of these coins.
You can check out the original brilliant mint luster on both obverse and reverse. In conclusion, this is an excellent example discounted for the serious collector or investor.
1916 Standing Liberty Quarter
The first year of the issue depicting the controversial exposed breast with a mintage of only 52,000 coins.
1916-D Mercury Dime MS63 FB (PCGS)
Graded, authenticated, and certified by PCGS, they offer you one of the most original unmolested examples. An example that exhibits the perfect amount of patina and terrifies eye appeal.
MJPM offers a collection of coin pendants, chains, cuff links, rings adorned with American Eagle coins, Chinese panda coins, gold buffalos, and St. Gaudens double eagles. Plus, they also offer jewelry repair in their store.
Here are some of them:
MJPM Review: Precious Metals IRA
MJPM does not offer IRA services but they sell IRA approved precious metals. However, they have stated on their websites the steps that you would need to take in order to open an IRA account. Plus, they also encourage customers to call them so that they can redirect customers to the proper IRA custodians.
Sell Your Precious Metals to MJPM
MJPM can also buy any precious metals that you want to sell. To summarize, they buy gold and silver from customers because they want to keep a big supply of coins for their customers demand. Plus, they are in a constant need of of the fractional American Eagle gold coins.
So if you want to sell your precious metals to them, then just give them a call.
MJPM Review: How to Buy
How to order?
MJPM might have a website that you can visit and browse products; however, it does not serve as an e-commerce website. So, in order to purchase precious metals from them, you would need follow the steps below.
- Call MJPM with the type of items and how many you are interested in BUYING or SELLING.
- You will be quoted their market prices for items shipped to your destination.
- To confirm MJPM prices quoted for your items, you must request a confirmation number.
- The next step is to email MJPM with your NAME, ADDRESS, DAY-TIME PHONE NUMBER, AND CONFIRMATION NUMBER after your call. Your trade and prices will not be locked in otherwise.
- Upon MJPM receiving your email, MJPM will email your trade sheet/invoice order to you. Your trade has now been locked in and confirmed. You have now entered into a legally binding contract.
MJPM Review: Accepted Payment Methods
MJPM accepts the following payment methods:
- personal checks
- cashier checks
- direct deposit
- wire transfer
Unfortunately, they do not accept credit cards, debit cards, or any other form of electronic payment. Furthermore, MJPM may request a wire transfer, guaranteed overnight check, or a direct account deposit at their discretion.
MJPM Review and Ratings
I went online to look for customer reviews of MJPM; however, there seems to be an absence of customer reviews of MJPM. I found a review of them in their Yelp page from the year 2020. Their Yellowpages profile shows a 5 out of 5 star rating based on 8 reviews. However, this is still not enough to convince me to buy from them. Furthermore, their BBB page shows they are A+ rated but they are not an accredited business. Plus, there are also no customer reviews on their BBB page.
So, this seems to be a little bit weird for a company who has been operating for decades. It's either because their customers are indifferent about the quality of their products and services or they do not have that many customers in the first place.
If you want to expand your choices, then I have listed some precious metals companies below for you to check out.
However, my most recommended company out of those is GOLDCO. So, make sure to check them out!
What I Like About MJPM
They offer live national prices that are always available on the website so you can easily see the spot prices on gold, silver, and platinum.
Your privacy is respected and your buying information is never shared with other companies or persons.
What I Don't Like About MJPM
Limited Web Presence
MJPM has a limited web presence. Plus, there's nothing much about them and their website only contains very little information and details.
Not an e-commerce site
The company's website is not an e-commerce site. So, you can only order through a phone call only unlike an e-commerce site where you can directly add to the cart your order and know if they are available or not. Plus, their website also looks dated if you compare it to other companies.
Limited Ratings and Reviews
MJPM has limited ratings and reviews. There are only limited websites that have reviews and ratings about the company.
Is MJPM a SCAM?
To summarize this MJPM review, they have decent reviews and ratings. However, they do not have that many reviews and ratings in the first place. Their owner is also well-knowledgeable and experienced in the field.
So, MJPM is NOT A SCAM.
They have a traditional method of handling business, unlike other gold bullion dealers.
So, it is fine overall.
MJPM Review: Final Thoughts
However, we are talking about gold and precious metals investment so we shouldn't settle for 'fine' but we should go for the best.
When it comes to investing in these items, I know just the right company!
So, I recommend GOLDCO.
Goldco is a leader in the precious metals industry, with over a decade of experience helping customers protect their retirement savings. So, 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.
You may learn more about them by clicking below.
Thank you for reading this MJPM review!