Modern Coin Mart Review

Phone Support1-800-362-9004
BCA Accredited RatingN/A
BCA ComplaintsN/A
TrustLink ReviewsN/A
IRA Transfer Process14 Days
401(K) Rollover Process21-28 Days
Metals Delivery7-10 days
Setup Fees$100
Annual Admin Fees$60-$250 (Scaled)
Annual Storage Fees$100+ (Scaled)
Preferred CustodianGoldStar Trust,
New Direction IRA
Preferred DepositoryOwn Selection
Min Purchase AmountN/A
Physical IRA Application
Digital IRA Application
U.S. Mint Listed Dealer
ICTA Membership
TRUSTe Verified
Norton Secured

In A Nutshell

modern coin martLocated in Sarasota Florida, Modern Coin Mart (MCM) is a gold IRA company that is at the very top of this industry. With a CEO John Maben who has been a successful professional Numismatist for over thirty years, and an accomplished and dedicated staff, MCM has been able to develop an impressive track record that is second to none. MCM, which belongs to parent company John Maben Rare Coins Inc. (JMRC), has a team of 35 professionals behind it, including 9 highly experienced Numismatists. Most staff members are members of the American Numismatist Association and other professional bodies like the Professional Numismatist Guild (PNG) organization.

Legendary Experience

The experience of the staff behind MCM has allowed the company to continually reap the rewards of success. They simply know what they are doing. As a result, clients have been able to bring their knowledge and expertise. It is not surprising therefore that they are one of the fastest growing American companies in this industry. They buy and sell coins with the greatest of efficiency.

Getting Practical

You too can sell your coins to MCM and get top dollar for them. To benefit from the services of MCM, here is what you will need to know:

  • Sign Up and Registration

Signing up with MCM is relatively easy. Although MCM itself is not the administrator for your IRA account, they do use trusted IRA administrators like New Direction IRA and GoldStar Trust Company. Naturally, there are fees associated with these IRA administrators. Fees range from about $60 to $250 for annual maintenance, and about $100 for initial setup. There’s also annual storage fees applied depending on your selected depository. Once you have opened your account, you will be required to fund it. Once your account is funded, you are able to make purchases for your account by calling directly or by having your custodian/administrator to do so on your behalf.

  • Deals and Steals

MCM often have deals available for those who wish to make investments in precious metals and coins. Your custodian — that is, purchase them. There is usually free shipping within the US for those purchasing from MCM. For international shipping however, there are costs applied to purchases.

  • Fees, Purchases, Shipping and Storage

MCM accepts payments from a wide variety of sources, including wire transfer, checks and the ever popular PayPal system. US residents can benefit from a Bill Me Later PayPal feature where you are able to benefit from a credit line. Generally, the concept is that you are able to complete your purchases without having to mail payments immediately. In some cases, Bill Me Later can benefit from deferred interest specials offered by MCM. The interest free time period is usually adjusted in light of the cost of your purchase. By law, IRA precious metal purchases ought to be stored in a secured and central location. MCM however does not function as, nor offer a holding service. As such, purchases will be shipped to the holding facility you have otherwise chosen.

Weighing Your Options

As with any investment opportunities, it is important to do your research and weigh your options. It is important to remember that a company like MCM is not an investment broker and so cannot provide you with advice regarding making your investments. It really just facilitates them. That is, MCM is a dealer. Unlike MCM, if you need some expertises to guide you through the process or even provide you with free professional advices, there are other highly reputable IRA gold companies that we recommend. Their reviews are also available on this website.

MCM Commercial Video

MCM Website Monthly Visitors

MCM Contacts

Phone Support: 1-800-362-9004
Address: 5260 Paylor Ln, Sarasota, Florida