Modern Coin Mart Review 2023: Scam Risk or Safe?

Have you ever been intrigued by the gleam of precious metals like gold and silver? Well, you’re in for a real treat because we’re diving into the dazzling world of Modern Coin Mart.

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Meet Modern Coin Mart: The Pioneers of Precious Metals

Picture this: It’s 2004, and a fantastic company called Modern Coin Mart steps onto the scene. What do they do? They’re like the pioneers of the modern coin and bullion market, and they’re doing it all online.

Gold, Silver, and More – Just a Click Away

Now, what sets MCM apart is its knack for sourcing precious metals from every corner of the globe. And guess what? They make it super simple for you to buy them. All you have to do is hop onto their online shop, and you’ll find a treasure trove of gold, silver, and more, ready for you to explore.

So, if you’ve ever wondered about diving into the world of precious metals, Modern Coin Mart is your golden ticket. They’ve been shining bright for years, and they’re here to make your precious metal dreams come true.

Modern Coin Mart: Your One-Stop Shop for Precious Metals

Whether you’re a golf enthusiast, a silver seeker, a U.S. coin collector, or a global explorer, Modern Coin Mart has something special waiting just for you. Get ready to embark on a precious metal journey like no other.

Glittering Gold Galore

First up, we’ve got gold – the real golden ticket. At MCM, you’ll discover a treasure trove of gold products. We’re talking about popular goodies like Gold American Eagle coins, Gold Buffalo coins, and even Modern Commemorative coins. It’s like having your pot of shiny gems to explore!

Sensational Silver Selection

Now, if silver’s more your style, MCM has got you covered. They’ve got so much silver it’ll make your head spin. Imagine getting your hands on American Silver Eagle Coins, classic Morgan Silver Dollars, and elegant Peace Silver Dollars. It’s like a shiny wonderland!

U.S. Coins for Collectors

But that’s not all. MCM also knows its U.S. coins inside and out. They’ve got everything from U.S. cents to U.S. nickels and U.S. dimes. If you’re a collector, this is your playground!

But wait, there’s more! If you’re itching for some global adventure, MCM’s got world-numismatic items from all over the planet. You can explore coins from South Africa, Great Britain, Australia, Mexico, and beyond. It’s like taking a world tour without leaving your living room!

Sell Your Coins with Confidence at Modern Coin Mart

Did you know that Modern Coin Mart (MCM) isn’t just a place to buy coins? Nope, they’ve got your back when you’re ready to sell too. Let’s dive into why trading with MCM is a breeze.

The Trustworthy Choice

First things first, MCM is all about trust, confidence, and reliability. They’ve built a solid reputation over the years, and that’s something you can count on. When you choose to sell with them, you’re in good hands.

MCM proudly boasts that they’re a nationally trusted online source for coins. That means they’re not just any ordinary coin shop. They’re a go-to destination for collectors and investors all over the country.

Quick and Easy Process

When you decide it’s time to part ways with your precious coins, MCM makes the selling process quick and easy. No need to jump through hoops – they’ve got it down to a science.

Why Choose MCM for Selling?

Now, you might wonder, “Why should I pick MCM when there are other options out there?” Well, here are a few compelling reasons straight from the MCM playbook:

1. Growing Retailer: MCM proudly claims to be one of the largest and fastest-growing retailers in the U.S. two coins and precious metals bullion industry. That’s a big deal!

2. A Shining Reputation: They’re not just tooting their own horn here – MCM has a 99.5% positive feedback score on eBay. That speaks volumes about their honest and fair dealings.

3. Sell Where Others Sell: You know what’s cool? Most of the coins MCM gets come from other dealers and folks like you. So, when you sell with them, you’re joining a community of coin enthusiasts.

4. Competitive Offers: MCM isn’t just a passive buyer; they’re active and major players in the coin world. They’ve got connections all over, which means they can offer you competitive prices. You can trust that you’re getting a great deal.

Signing Up with Modern Coin Mart

Before you enjoy the perks of selling and buying precious metals with Modern Coin Mart, the first thing you should do is create an account. And here’s how you are going to sign up with Modern Coin Mart.

Step 1: Home Sweet Homepage

First things first, head over to the MCM website. It’s like stepping into a treasure trove of coins and precious metals. Once you’re on their homepage, look at the top right corner. You’ll spot a link that says “Create an Account.” Click on that – it’s your golden ticket.

Step 2: Fill in the Blanks

Now, you’re on the account creation page. Here’s where you’ll provide some basic info. They want to get to know you better. You’ll need to fill in your:

  • Name: Your good old name.
  • Email: The one you check regularly.
  • Password: Pick a secure password to keep your account safe.

Step 3: Click and Confirm

Once you’ve filled in all those details, hit the button that says something like “Create Account” or “Sign Up.” It might vary a bit, but it’ll be obvious. After you click, MCM might ask you to confirm your email – just to make sure it’s you.

And that’s it! You’ve created your very own Modern Coin Mart account. Now you’re ready to explore their world of coins, buy and sell, and maybe even start your coin collection.

Need Help? MCM’s Got Your Back!

Whether you’re a seasoned collector or just starting your coin journey, it’s good to know that help is just a call or click away when you’re dealing with Modern Coin Mart (MCM).

MCM offers wonderful customer service during the workweek, from Monday to Friday. You can reach out to them between 8 a.m. and 5 p.m. They’re here to assist you during those business hours.

Pick Up the Phone

Do you have a burning question or need some assistance? Don’t hesitate to give them a ring at 1-800-362-9004. A friendly voice on the other end is ready to help you out. They’re like your coin-loving buddies!

Send an Email

Prefer the digital route? No problem! You can also shoot them an email at Just type out your question or concern, hit send, and you’ll be in touch with their support team.

Why Reach Out?

Now, you might be wondering when to contact MCM’s exceptional customer service. Well, there are plenty of good reasons:

  • Questions about Coins: If you’re curious about a specific coin or product, they can provide info.
  • Order Help: Need assistance with an order you’ve placed? They’ve got your back.
  • General Queries: Anything coin-related, they’re here to help you out.

Modern Coin Mart Reviews: A Mixed Bag of Opinions

Wondering what folks have to say about Modern Coin Mart (MCM)? Well, we’ve sifted through the reviews to give you the lowdown. Spoiler alert: It’s a bit of a mixed bag.

The Good Stuff

Now, let’s shine a brighter light on the positive experiences some customers have had with Modern Coin Mart (MCM). These folks have found reasons to smile when dealing with this precious gem dealer.

Imagine having a trustworthy go-to dealer for all your bullion and numismatic needs – that’s what MCM has become for one satisfied customer. They hailed MCM as a top-notch dealer. MCM isn’t just about selling shiny treasures; they’re also about offering competitive prices. This customer was thrilled with MCM’s price matching, which means you’re likely to get a fair deal.

Who doesn’t love a good deal, especially when it comes to UPS expedited worldwide shipping? MCM goes the extra mile by offering free shipping, making the buying experience even sweeter. After you’ve made your purchase, it’s not the end of the story with MCM. They take pride in their top-notch service, ensuring you’re well taken care of even after the transaction is done.

If you’re looking to dip your toes into the world of modern coins and bullion without breaking the bank, MCM is worth considering. This satisfied customer found their modern coins and bullion to be affordable, making it accessible to a broader range of investors.

MCM doesn’t just sell coins; it fosters a sense of community. This customer enjoyed MCM’s forum, where you can connect with fellow coin enthusiasts, ask questions, and engage in discussions. It’s like being part of a digital coin club, sharing your passion with like-minded folks.

The Not-So-Good Stuff

Now, let’s get into the not-so-great reviews. One customer had a bit of a hiccup when their order got canceled by MCM. They were promised a refund, but it was taking longer than expected. It’s a classic case of the waiting game. MCM’s response suggested there might be some confusion.

Another unhappy customer had a check that took its sweet time to arrive. This delay caused some frustration, and when they reached out to complain, they claimed the MCM representative hung up on them. Ouch!

Lastly, a customer had a bit of a tech nightmare. They placed an order but didn’t hear back from MCM until much later due to website issues. Worse still, they couldn’t access their account and couldn’t get anyone on the phone to help.

Shiny Investments: Pros and Cons of Precious Metals

If you’ve ever been mesmerized by the gleam of gold and the shine of silver, you’re not alone. Humans have had a love affair with these precious metals for ages. But here’s the real question: Should you put your hard-earned money into these shiny treasures instead of the stock market or other options? Let’s dive into the pros and cons of investing in precious metals.

The Pros

1. Intuitive Website: MCM gets a thumbs-up for having an easy-to-navigate website. No more struggling to find what you’re looking for. It’s like a well-organized coin shop right at your fingertips.

2. Clear Prices: MCM is all about transparency. You won’t need to play phone tag with a representative just to get a price. Everything is laid out for you, making it crystal clear what you’re paying for.

3. Variety Galore: If variety is your thing, MCM has got you covered. They offer a vast selection of products, from bullion, to U.S. coins, and even world coins. It’s like a coin collector’s paradise!

4. No Minimum Orders: Here’s a big plus for the newbies and occasional buyers. MCM doesn’t require a minimum order. You can dip your toe into the precious metals world without breaking the bank.

The Cons:

1. No Precious Metal IRA: Unfortunately, MCM doesn’t offer a direct precious metals IRA service. If you’re looking to set up a gold IRA, you’ll need to explore other options.

2. Limited Buying: MCM’s buying practices are based on their inventory needs. This means they might not buy every precious metal or collectible item you’re looking to sell. It could be a bit restrictive if selling is your main goal.

3. Recent Poor Reviews: It’s important to note that MCM has been getting mixed reviews lately. While most companies have a mix of good and bad feedback, there seems to be a trend of negative reviews for MCM in recent times. This is something to consider.

While they offer an easy-to-use website, clear pricing, and a variety of products, there are some limitations and recent negative feedback to keep in mind. As with any decision, it’s a good idea to do your research and consider your specific needs before diving in.

Modern Coin Mart Review: Final Thoughts

Alright, fellow investors, we’ve explored the world of Modern Coin Mart (MCM) and it’s time to wrap things up. This precious metals dealer has its shiny moments, but a few caution lights are flashing.

MCM scores point for an easy-to-navigate website. No need to play hide and seek with information – it’s all there, neatly organized. Transparency is the name of the game at MCM. You can quickly check prices without any hoops to jump through.

Whether you’re into collectibles, MCM has you covered. They’ve got something for every kind of investor. MCM’s live chart is a nifty tool. It helps you track the market value of products you’re interested in. Knowledge is power!

Here’s the kicker – recent reviews have raised some eyebrows. Some customers reported trouble getting refunds for canceled items, while others weren’t thrilled with MCM’s customer service. Rude representatives can dampen the shine.

Modern Coin Mart offers a user-friendly platform, clear pricing, and a diverse inventory. But recent customer concerns are a cause for caution. With a growing number of negative reviews, especially in recent weeks, it’s wise to do some extra homework before diving in.

Investing is like treasure hunting, and you want to make sure you’re setting sail with the right crew. Take your time, weigh the pros and cons, and consider your investment goals. May your precious metal journey be filled with shining successes!

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Tim Schmidt


Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.