Founded in 2004, Modern Coin Mart (commonly referred to as MCM) is a precious metals investment company. Headquartered in the Sarasota, Florida area, it offers a myriad of gold, silver, platinum, and palladium products. It offers IRA-eligible gold, silver, platinum, and palladium coins and bars, in addition to collectible and ancient coins for collectors. MCM does not appear to offer any vault storage options, nor has it partnered with an IRA company.
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Pros:
- MCM has an extensive catalog of products for both retirement savers and collectors
- The company provides a buyback program
- Gold, silver, platinum, and palladium products are all availableCons:
- The company does not appear to assist clients with opening a Precious Metals IRA
- MCM does not seem to offer secure storage as an option for customers
Modern Coin Mart Company Info & Background
Modern Coin Mart (www.moderncoinmart.com), also known as MCM, is a precious metals investment company that was established in 2004. It offers a wide range of gold, silver, platinum, and palladium products – both IRA-approved products and numismatic coins.
MCM has a buyback program, but stipulates on the company website:
“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.”
The company has a comprehensive “Infovault” section on the website to keep informed and educated about precious metals investment. This section has numerous subsections including “Articles”, a “Resource Center”, “News”, and “Market Reports”.
Modern Coin Mart Management Team
Modern Coin Mart provides no information pertaining to its leadership team.
Modern Coin Mart Custodian and Storage
It would appear that MCM operates solely as a precious metals bullion dealer. Nowhere on the company website does it indicate that there is a partnered IRA company providing custodial services.
Modern Coin Mart does not seem to offer vault storage options in any capacity.
Modern Coin Mart Products
The Modern Coin Mart catalog offers an excellent selection of both IRA-approved bullion, and numismatic items. Examples of coins include the Silver American Eagle, Gold American Buffalo, Gold American Eagle, Palladium American Eagle, Silver Canadian Maple Leaf, and the Platinum American Eagle.
Modern Coin Mart Precious Metals IRA Info
| Company | Modern Coin Mart (also known as MCM) |
|---|---|
| Annual Cost | Variable |
| Scaled or Flat Fees? | Flat Fees |
| Partnered Storage Vault | N/A |
| Partnered Custodian | N/A |
| Metals Available | Gold, silver, platinum, and palladium |
| Years in Business | 17 years (2004) |
Modern Coin Mart Reviews, Ratings, and Complaints
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)
BCA Rating: N/A
BCA Complaints: N/A
TrustLink: Profile (Details)
Yellow Pages: Profile (Details)
Trustpilot: Profile (Details)
RipOff Report: No Reports
Yelp: Profile (Details)
Facebook: Profile (Details)
Modern Coin Mart Contact Information
- Address: 5260 Paylor Lane, Sarasota, FL 34240-896
- Phone: (800) 362-9004
- Local Phone: (941) 907-8050
- Email: info@moderncoinmart.com
- Website: www.moderncoinmart.com
Founded in 2004, Modern Coin Mart (commonly referred to as MCM) is a precious metals investment company. Headquartered in the Sarasota, Florida area, it offers a myriad of gold, silver, platinum, and palladium products. It offers IRA-eligible gold, silver, platinum, and palladium coins and bars, in addition to collectible and ancient coins for collectors. MCM does not appear to offer any vault storage options, nor has it partnered with an IRA company.User Rating
