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Modern Coin Mart Review

 

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Modern Coin Mart Information

 

MODERN COIN MART INFORMATION
  • Address: 5260 Paylor Lane, Sarasota, FL 34240-896
  • Phone #: (800) 362-9004
  • BBB Rating: A+ with 0 complaints in the last 3 years see BBB results
  • BCA Rating:Not Registered
  • Trustlink Rating: No rating based on no reviews See Trustlink Results

Credibility: Modern Coin Mart has a reputation for being one of the leading sellers of precious metal coins online, and it is not hard to see why, when you look at the extensive range of gold, silver, platinum and palladium coins Modern Coin Mart sell on their website.They are a company that employs over 35 people and with an extensive international department that ships to over 30 countries worldwide, with more to come. What feedback Modern Coin Mart does have is generally very good. The 12 reviews they have on their Google page are all  5 stars. There are other reviews on varies sites of which only a few are negative, with complaints being about shipping and price, but most companies get the odd complaint like this. Modern Coin Mart are also big on eBay and have at the time of writing 210,647 transactions with feedback, of which less than 1% are negative.So to answer the question as to whether or not Modern Coin Mart credibility stands up to the persona? I would say that the answer is yes.

Modern Coin mart’s website does have an extensive range as I have already mentioned. It is a clean site with easy navigation. They have an impressive featured section where you can see their new arrivals, what is trending at the moment and other features concerning their coin selection.

Website: https://www.moderncoinmart.com/

Phone Number: 1-(800) 362-9004

Minimum Investment amount: None

What The Web is Saying About Modern Coin Mart

Below we’ve looked at what various websites and past customers have to say about Modern Coin Mart

Buy Back: They do offer a full selling service.

Benefits:

  • BBB A+ rating
  • Order online.
  • Extensive selection.

Modern Coin Mart History:

Very little is known about Modern Coin Mart as they have a very small ‘About us’ page on their website. But what I do know is that the company was started by John Maben and their President is Jay Rudo. Together both men own the parent company of Modern Coin Mart, JMRC. Modern Coin mart has been in operation since 2004, so is still a relatively new boy to the precious metal industry, but between them, the two owners have in excess of 60 years experience in numismatics.

Gold IRA Rollover

Modern Coin Mart do offer a gold IRA facility, but not directly. Modern Coin Mart are simply a provider of IRA eligible precious metals. They have an agreement with IRA administration firms to provide the gold for you if you should choose to use the firms they recommend. The two custodians they recommend are GoldStar Trust and New Direction IRA. GoldStar’s fees vary from a minimum of $300 a year to no maximum depending on amount purchased and stored. New Direction IRA fees start at $190 a year (without storage fees) for orders under $100,000. Fees over $100,000 vary depending on storage provider and other charges. This being said, despite Modern Coin Mart seeming to be a very good provider of the actual precious metals, if you are looking to instigate a gold IRA rollover, there are other firms who will manage the whole lot for you and the fees are a lot less.

Concerns /Things To Consider

I have no concerns about Modern Coin Mart’s operation but if you are looking to set up a gold IRA you may want to consider the fact they don’t do it directly and there are companies out there whose fees are cheaper than the two companies they recommend.

Summary

When you visit the website of Modern Coin Mart, you will be impressed with the range they have. They do have strong credibility and history and although they are relatively new to the precious metals industry, I think they will have a bright future as a gold provider. But because I am ideally looking to recommend a gold IRA company that does it all, and this is not a service they offer themselves,  then there are better companies out there.

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