Jimmy Renner 
Modern Coin Mart (www.moderncoinmart.com), also known as MCM, is a precious metals bullion dealer located in the Sarasota, Florida area. Established in 2004, the company has an extensive catalog of gold, silver, platinum, and palladium products. The available selection will appeal to customers wanting to hold IRA-eligible bullion in their existing Precious Metals IRAs, and for collectors interested in numismatics.
The company has a buyback program for individuals wishing to sell their coins or precious metals bullion. However, MCM stipulates the following regarding their buyback program:
“Please note that market conditions, as well as supply and demand, are constantly changing. Our ability to make an offer is based on current needs. We assess and purchase at our own discretion with no commitment to buy, even if the appraised item(s) was purchased from us. In some cases, we may decline making an offer if the item(s) is/are not something we wish to stock or already have an ample supply.”
Curiously, Modern Coin Mart does not provide any information on its management team.
Based upon the MCM website, the company does not appear to have partnered with any IRA custodian providing custodial services.
Likewise, pertaining to vault storage, there does not seem to be any options for partnered depository services through the company.
MCM has an extensive catalog of inventory available to clients. Depending on preference, there are collectible and ancient coins for collectors, IRA-eligible products for retirement savers. Some of the available coins include the Gold American Eagle, Gold American Buffalo, Silver Canadian Maple Leaf, Silver American Eagle, Platinum American Eagle, and Palladium American Eagle.
View more Modern Coin Mart products here.
| Company | Modern Coin Mart |
|---|---|
| Annual Cost | Variable |
| Scaled or Flat Fees? | Flat Fees |
| Partnered Storage Vault | N/A |
| Partnered Custodian | N/A |
| Metals Available | Gold, silver, platinum, palladium |
| Years in Business | 17 years (2004) |
Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Modern Coin Mart from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.
BBB Rating: A- (Details)
BBB Complaints: 6 complaints in last 3 years (Details)
TrustLink: Profile (Details)
Facebook: Profile (Details)
It is essential to carefully consider the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, policies, practices, and most importantly, storage fees for precious metals.
This content was originally published here.
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