The best way to protect your savings nowadays is to invest in physical gold assets instead of financial assets such as bonds, stocks, or currency. This is because such financial assets are getting their value depreciated in the current economic uncertainty, while physical gold assets have their value increase over the time.
The most important thing to consider when you are investing into a gold asset is to seek the most suitable gold custodian to take care of your gold and other precious metal accounts. A wrong choice at this stage may cost you money and time, and especially the opportunity to gain profits from this investment.
In this article, we will talk about Modern Coin Mart, check out their services, and see whether or not they are an appropriate option for your investment.
Modern Coin Mart Offers
Modern Coin Mart was established in 2004 by John Maben in order to create new standards for the selling of bullions and coins.
Their website showcases a very diverse variety of products for their customers. The products consist of coins from China, Australia, Canada and even from many other places, which is very interesting and awesome as not many other gold investment companies have the same diverse product selection.
Although Modern Coin Mart offers a wide range of buying options for customers, there is something you need to understand here. As explained in their website, the objective of their business is to sell precious metals, including gold, to those buying precious metals as their retirement investments. This means they are not investment broker, so their service doesn’t include consultancy for customers on their purchase or investment plan. Their best help for your retirement investments is to help you buy precious metals for your IRA with more ease and less complication, via their partnership with trusted IRA management companies.
So to keep it short and simple here, MCM helps you buy precious metals for your IRA, but they offer no advice nor service on your account management.
The next part is about the customer feedback on MCM.
I have tried finding from every source possible, but it comes as a great surprise to me that there is no customer review about Modern Coin Mart. I have tried finding at places in which I have found great numbers of reviews on gold investment companies, places like Yelp or TrustLink, but to no avail, nothing to be found about MCM.
About the scores given to Modern Coin Mart, there is not much to find, but I managed to dig up some sources.
Generally, Modern Coin Mart seems to be a pretty decent dealer company in gold and precious metals. However, I still feel somewhat unsure about them due to two things:
- There is no customer reviews or feedback
- They don’t focus on gold IRAs
Therefore, the final score I give to MCM is:
- 8/10 as a place to sell and buy precious metal coins
- 3/10 as a place for your gold IRA
I don’t usually give double ratings to a company, but in this case I think I should do so. Modern Coin Mart seems to be a very good place for you if you just want to sell or buy precious metal coins, especially from eBay.
However, regarding the gold IRA investment to keep your retirement savings safe and secure, Modern Coin Mart is not a good option. For that purpose, you should ignore this company and seek another one more focused on IRAs like Regal Assets.