APMEX vs JM Bullion | Which is better in 2024? - BP Trends (2024)

Are you planning to safeguard your wealth, but don’t know how? If so, investing in precious metals can be a safe choice. Precious metals such as gold, silver, and platinum are among some of the world's most valuable commodities. However, with the endless investment partners out there, figuring out which company is ideal for your investment needs can be tricky.

I understand the struggle. Starting my investment journey, I wasn't sure which company met my very basic investment goals at that time. After two decades of experiencing the ins and outs of the industry though, I now possess the skills to guide you through your research for the same.

Today, I’ll be comparing two of the most popular names in the industry: APMEX and JM Bullion. Read on to discover which company better suits your investment goals based on product selection, pricing, customer service, and reliability.

Company Backgrounds

Regarding the establishment, both APMEX and JM Bullion have had unique beginnings. Starting with APMEX, the story of this company's establishment dates back to when its founder and president, Scott Thomas, inherited his grandparents' coin collection.

After their passing, Thomas revisited the collection he had helped create as a child and discovered its net worth to be roughly $100,000. This realization eventually pushed him to sell it on eBay, turning it into a hobby of purchasing and selling unique coins.

Over time, this hobby turned into a business. Scott initially started with a small shop in an Edmond, Oklahoma strip mall which eventually grew into a brick-and-mortar coin store. As the online presence of his store gained traction, Thomas officially opened APMEX for precious metals investors in 2000, marking the company’s inception.

Unlike Scott though, whose hobby led to the establishment of APMEX, JM Bullion's founders, Michael Wittmeyer and Jonathan Wanchalk, were visionary entrepreneurs. So, as the demand for precious metals investment increased, the two saw a market gap for an accessible and reliable internet platform for trading these assets.

Following this realization, they launched JM Bullion in 2011 in a basem*nt in Lancaster, Pennsylvania. Their vision behind JM Bullion was to make buying gold, silver, and other precious metals easier through an organized online platform. For that, they provided easy transactions and trustworthy services to investors and collectors, marking the beginning of JM Bullion.

Product Range and Availability

While investing with APMEX, I encountered various basic investment options. However, exploring JM Bullion revealed a broader range of collections and product offerings.

Simply put, the APMEX website allows you to invest in gold, silver, platinum bullion, and rare coins, with various products in each category.

On the other hand, JM Bullion also supports investment in palladium and copper items. Not to mention the presence of accessories like coin capsules, storage tubes, display cases, and safety gloves.

In my experience, I found JM Bullion’s incorporation of copper and palladium products to be a valuable addition, especially for those with smaller budgets. However, I must note that navigating through these additional options can be a bit overwhelming.

On the other hand, APMEX's focused collection, focusing on popular precious metals categories and products, can prove to be ideal for newbie investors.

In terms of fee structure, both companies exhibit transparency in disclosing the various fees associated with precious metals investments. Starting with product pricing, APMEX and JM Bullion’s products always have up-to-date pricing on the website.

Additionally, both companies charge a shipping fee for orders below $199. Since my investment with APMEX was above this budget, I didn't have to pay any shipping fee. However, during my investment with JM Bullion, my total order value fell below $199 and I had to pay an additional $9.95 for shipping. It is worth noting that these shipping rates are listed and added to the final cost at the time of purchase on both websites — dependent on the order value.

APMEX’s Pricing Advantage

While there isn’t much difference in both companies' pricing factors, I did find APMEX to offer a 4.0% discount on all orders paid by check, eCheck, or bank transfer. Notably, the prices listed on their website for each product already include this 4.0% discount.

Customer Service and Support

Another aspect I found quite similar in APMEX and JM Bullion was their customer support service. Starting with APMEX, the company only offers contact options through email or live chat (accessible from Monday to Friday, 9am - 6pm EST).

Likewise, JM Bullion also offers contact options through email or call (accessible from Monday to Friday, 8am - 6pm CST). Besides these contact options, there’s also a detailed FAQ section in the platform to help investors with their queries.

While this is helpful, It was disappointing to note that neither company offers 24/7 customer support option.

With that said, the service of their customer support team is quite excellent. Why do I say that? When I reached out with basic investment questions, both teams were quick to respond and very helpful.

While JM Bullion’s team gave detailed answers, APMEX’s team went the extra mile, providing additional insights into the precious metals industry and the potential of different metals. This helped me make a more informed investment decision.

Altogether, I found both company’s customer support teams to be knowledgeable and up to date with the industry and highly supportive in handling customer concerns.

While exploring JM Bullion and APMEX's websites, I noticed both were user-friendly and easy to navigate. However, there is a notable difference in their appearance.

In simple terms, the APMEX website is quick to navigate with an easy-to-understand website layout, making it ideal for beginner investors,

In contrast, JM Bullion's website is more crowded with various promotions, offers, and service options, making it ideal for experienced investors well-familiar with these categories.

Security and Reliability

Undoubtedly, APMEX and JM Bullion have a great reputation in the precious metals sector for high-quality products, insured products, and safe and timely delivery. Let's explore further by comparing their ratings and reviews on several trusted sites:

Special Features and Services

Beyond the basics, let's explore these companies' special features and services. Starting with APMEX, here are some special services I came across during my investment with the company:

• Precious Metals IRA Investment: Through a custodial partner, you can establish an IRA or transfer an existing IRA to APMEX and invest in IRA-approved metals.
• OneGold: This cutting-edge investing platform allows investors to own gold, silver, and platinum securely and digitally. The metals owned as OneGold or digital gold at APMEX are kept in top-tier vaults such as Loomis International, the Royal Canadian Mint, and APMEX.
• AutoInvest: This function allows you to schedule weekly, biweekly, monthly, or quarterly purchases to capitalize on price fluctuations in precious metals.

• Precious Metals IRA Investment: Their staff of IRA professionals assist you throughout the account-setting procedure while allowing you to invest with IRA-eligible precious metals.
• AutoBuy: This tool automatically purchases some of JM Bullion's most popular gold and silver products when their price hits a specified level, allowing you to profit from short-term price fluctuations of precious metals.
• Simplified Selling: With this simple do-it-yourself tool, you can sell your precious metals to the corporation – any time and any day – without contacting their sales representative.
• Gold and Silver Loan: Last but not least, JM Bullion allows you to gain monetary liquidity against your gold or silver bullion without selling your assets.

Conclusion

While APMEX's products and services cater to beginner investors' needs, I found JM Bullion ideal for experienced precious metals investors looking for wider options.

But, which company is ideal for you? I believe the only way to find out is by comparing your specific investment preferences with whatJM Bullion and APMEX offer. Moreover, it is also important to consider your familiarity with the precious metals investment industry to understand which company best caters to your investment needs accordingly. I hope this detailed guide will help you make a more informed investment decision.