Modern Coin Mart Review
Located in Saratosa, Florida Modern Coin Mart has been in business since 2004. The company was launched by John Mayben and is currently a division of John Mayben Rare Coins, Inc. With a team of over 35 trained staff members, the company is at the top of their game when it comes to rare coins and precious metals knowledge.
But in times of economic distress, how do you know which company you can trust? In this Modern Coin Mart Review we take a closer look at the Florida based coins dealer. We’ve rounded up the top reviews from the best consumer advocacy groups and independently run consumer review sites. This way you can ensure you’re making an educated decision when it comes to investing in precious metals. Let’s further investigate..
Modern Coin Mart BBB
0 complaints closed with BBB in last 3 years | 0 closed in last 12 months
On a scale of A+ to F ModernCoinMart.com currently holds an A+ rating with the Better Business Bureau. This is something you definitely want to see when considering all gold dealers.
On the contrary, the BBB has come under heavy scrutiny for it’s accreditation system. Most companies who want to gain accreditation from through the BBB simply fill out some paperwork and pay a small fee. Now this isn’t to say that the BBB isn’t credible, it’s just wiser to do more research rather than base your decision on one consumer advocacy groups rating.
What was impressive and odd to see was that Modern Coin Mart had no complaints or customer reviews. Most precious metals companies and dealers we’ve reviewed all have at least 1 complaint. It’s just odd to see a company that was launched in 2004 with absolutely no complaints.
Modern Coin Mart Reviews seize to exist on Trustlink, another big consumer advocacy group that prides itself on protecting consumers. This is not a good sign of credibility. Up until this point we’ve found no reviews on Modern Coin Mart aside from the client reviews they have on their website. These reviews are probably biased towards shining a positive light on the company as any other business would do.
It’s Not All That Bad
They offer a wide selection of coins and bullion from all around the world. They have rare coins from dimes, nickles, and rare quarters. They even carry America Eagle Coins in Silver, Gold and Platinum as well. If you consider yourself to be a modern numismatic investor, they do have a quality selection to choose from. They also offer a step by step IRA guide on how to open your own Gold Backed IRA for the investor who is looking to add precious metals to their portfolio.
Huge Lack of Information
The bottom line is that there is a huge lack of information from Modern Coin Mart. There seems to be no evidence from a credible resource (negative or positive) that would indicate that this is a trustworthy company.
While no complaints can come off as a good sign when searching for the right coin dealer, keep in mind that there are plenty of other companies who aren’t shy to say they have a few complaints. The best coin companies out there acknowledge their mishaps and try to resolve issues with consumers as soon as possible. There have even been instances where the CEO of a company has publicly responded to complaints to resolve issues! Finally, every gold IRA company we’ve reviewed offers an investment guide by default. We see nothing that shows that this company is ahead of the pack, there are plenty of other companies out there to choose from.