SD Bullion vs JM Bullion

Choosing the right bullion dealer can feel like navigating a labyrinth, especially with so many options vying for your attention.

Among the top contenders are SD Bullion and JM Bullion, two giants in the precious metals industry.

But how do you decide which one is the best fit for your investment goals?

In this comprehensive comparison, we delve into the key features, benefits, and potential drawbacks of each, helping you make an informed decision.

Read on to discover which bullion dealer stands out and why this choice could significantly impact your financial future.

Both of these dealers give you the ability to buy physical gold and have your purchase shipped to your home or stored directly in a high-security vault. Buying physical gold isn't the same as investing in gold ETFs or mining stocks.

You need to work with an established dealer to make a purchase. The following guide is an in-depth comparison between SD Bullion and JM Bullion concerning their features and services, shipping, fees, storage options, and buyback policies. 

What Is SD Bullion?

This company was started by the individuals who created Silver Doctors, which is a website that provides investors with the latest trends and details about the precious metal market. 

Along with gold and silver bullion bars, you can also buy coins from a wide range of precious metals, the primary of which include:

The gold bars available at SD Bullion are mainly derived from Ohio Precious Metals, Royal Canadian Mint, and other key producers. While they have a more limited stock of gold and silver bars compared to other dealers, they offer the lowest rates over the spot price for their inventory.

They're also known for providing fantastic customer service. You can speak with a representative by submitting an online form, chatting with them online, or calling them by phone.

Primary Features

In the decade since SD Bullion was founded, more than $2 billion in transactions have taken place on the platform. While they offer some of the lowest prices for silver and gold bullion, a low price doesn't automatically indicate low quality.

They only work with reputable suppliers and mints to make sure that their offerings meet the high standards investors have. They also provide competitive buyback prices that are close to the current market value. 

Shipping

SD Bullion ships to American investors through UPS, FedEx, or USPS. When you make a domestic order that's valued at more than $199, you'll receive free shipping.

If the order is less than $199, shipping has a flat fee of $9.95. When you make a purchase from an international location, the costs will be calculated during the checkout process. Taxes may be included. 

If you insure a package, you'll need to provide a signature during delivery. Not giving a signature could completely void the insurance policy that the package comes with. They provide all of their customers with a tracking number that allows for simple monitoring of where the package is and when it will arrive. 

While it's possible to return a shipment to SD Bullion, reimbursements aren't guaranteed, which is why they don't encourage customers to make returns. If you choose to request a return within three days after you receive your purchase, SD Bullion may accept your request.

If your return is approved, you'll need to ship your purchase back to SD Bullion in the original wrapping and condition that it arrived in. You must also pay shipping expenses. SD Bullion may also charge customers for any market loss that has occurred in the interim.

If the gold bars you decide to return have dropped in price since you made the purchase, you'll likely be tasked with paying the difference. A stocking fee could also be charged depending on the payment method you use. If you paid with a credit card or PayPal, the fee is 5%. Other payments come with a 3% fee. 

Services

If you read our SD Bullion review, you will see that they offer a wide range of services that you can take advantage of. Their precious metal products mainly include silver, platinum, and gold coins and bars. 

They also offer copper, palladium, and numerous types of accessories. Some of the accessories you can purchase include survival food, water filters, and vaults. 

Keep in mind, however, that SD Bullion doesn't provide customers with IRA services. Instead, they've partnered with an IRA custodian that clients can use when they want to place precious metals in an IRA. If a customer chooses to sell their silver or gold to SD Bullion, they will charge storage fees. 

Storage Options

A couple different storage options are available once you purchase gold, silver, or platinum. For one, your order can be transported directly to a repository storage account, after which it will be added to your balance. You could also choose to have your order shipped to your home.

SD Bullion helps customers open a repository storage account. As mentioned previously, storage costs start at $9.99 per month. However, the first three months of storage are free. 

What Is JM Bullion?

Platinum and silver are also available. They list the pricing for all of their products on their website, which allows customers to determine what they'll pay before starting the process.

Primary Features

If you wish to purchase silver, gold, or platinum bullion, JM Bullion allows you to buy bars that range from 1-10 ounces. You can also purchase copper or palladium in bulk when using the JM Bullion website. They aim to offer competitive pricing for all of the precious metals they sell. 

When you're looking to add gold or silver coins to your investment portfolio, you can select from different gradings and countries of origin.

For instance, the JM Bullion inventory is stocked with coins from Britain, China, Canada, the US, Mexico, and numerous countries in Europe. 

You can also purchase silver rounds, which are popular among collectors. These aren't considered to be legal tender but are great for people who are new to silver and gold investments and simply want to dip their toes in. 

It's possible to sell any precious metals you own to JM Bullion as well. However, this process is somewhat different than it is with other gold dealers. You can lock in a pricing guarantee for the silver or gold you buy, after which you confirm the sale and have the shipment delivered.

This entire process can be done without assistance from an advisor. Keep in mind, however, that the product you wish to sell needs to be listed if you want to take advantage of the automated buyback feature. If your exact product isn't listed, you may need to contact a specialist by email or phone. 

JM Bullion also offers loans, which will be leveraged against your gold. This solution is designed to provide borrowers with easy access to cash without needing to sell any of the silver or gold they own. If you repay the loan on time, the precious metals you own will remain in your possession. 

Shipping

When you buy anything from JM Bullion, you'll receive free shipping for any order over $199. All orders below $199 come with a $9.95 shipping fee.

You can also choose to upgrade the shipping method you choose at checkout, which ensures that the bars or coins you purchase will be delivered at a faster rate. Keep in mind that they only ship to US addresses, which include military addresses and PO boxes. 

JM Bullion mainly ships with USPS and UPS but will use other carriers from time to time. Your products are put in protective packaging before being placed in a parcel that has ample packing material to keep the products from moving during the shipping process. A tracking number is also provided within one day after the payment has cleared. 

While they have a return policy, it's only available if you request a return within five days. You'll also be tasked with paying for any market losses that have occurred since you made the purchase. JM Bullion only accepts returns above $1,000. 

Services

If you invest in precious metals with JM Bullion, you can buy an array of different products, which include jewelry and rare coins. Every product that they sell is listed online. When taking a look at their gold products, they offer a wide selection of gold coins and bars, which include the:

You can purchase gold bars in varying weights and shapes. These bars are developed by authorized mints, which means that they are just as legal as gold coins. A few examples of the types of bullion bars that are available through JM Bullion include Credit Suisse gold bars and RMC gold bars. 

If you're interested in their silver products, they have rounds, coins, and bars. Their silver bullion is more affordable than what you'd find with most other precious metal dealers. 

When browsing the JM Bullion website, you might also notice that they sell gold that can be placed in self-directed IRA accounts. They'll inform you if the gold you wish to purchase can be added to an IRA. Some of their other services include a buyback feature, collectibles, and an automated savings plan.

Storage Options

JM Bullion offers numerous storage options to customers who purchase any of their precious metals. They have partnered exclusively with Transcontinental Depository Services (TDS) to make sure that your precious metals are safely stored in vaults.

You can, however, choose to store the metals yourself. TDS offers storage locations in Toronto, Las Vegas, Singapore, and Zurich. 

Once you open an account on the TDS website, you can choose from one of the storage locations mentioned above. After you purchase gold, silver, or other precious metals from JM Bullion, your holdings will be shipped to the secure vault.

TDS has comprehensive insurance that covers practically everything of note. The metals that are stored in their vaults are directly insured. They also have a commercial insurance policy that takes all risks into account.