MJPM Review (Is It A Legit Company?) (Updated 2022)

February 19, 2022

MJPM Review

Welcome to my MJPM Review!


Chances are, you found out about this company when you were looking for places to purchase precious metals.

But before you do anything else, you should read this MJPM Review so that you will learn everything about it.

What are its products? Is it legit or a scam? You shall find out in a while. Without further ado, let’s get started.

MJPM Review Quick Summary

Name: MJPM

Website: https://www.mjpm.com/

Founder: Michael Chambers

Price: Varies depending on your investments

Rating: 3/5

MJPM Review logo

What is MJPM?

MJPM (Michael’s Jewelers Precious Metals) is a dealer of precious metals, located at in Corvallis, Oregon.

It was founded and is owned by Michael Chambers in 1985, who has nearly 3 decades of experience in being a precious metals investment specialist and coin grading expert.

MJPM is a certified and authorized dealer of the Professional Coin Grading Service (PCGS) and a member of the Numismatic Guaranty Corporation (NGC).

MJPM Products

MJPM offers a wide variety of gold, silver, and platinum coins. It also has fine jewelry and rare coins in its inventory.

Since it is based in Oregon, MJPM does not charge sales tax on its precious metals.

Furthermore, its website has a Daily Specials Page where clients can find a list of discounted and promoted items.

When it comes to IRAs, MJPM is open to accept payments from and deliver to IRA custodians.

However, it is unclear whether it is partnered with any preferred IRA custodian.

How does it work?

Unlike other precious metals dealers, MJPM does not have an e-commerce website wherein clients can place their orders online.

To purchase precious metals from MJPM, you need to call the business at 1-800-279-4337 (Trading phone) or 1-541-753-4337 (Local phone) and notify them if you are going to buy or sell items.

Click here to learn more information about the process.

MJPM Ratings and Reviews

At the time of writing this MJPM Review, I only found a few online ratings and reviews of the company.

It has a BBB profile, however it is not rated and not accredited. It received a 5-star rating in Yelp based on 1 review. Meanwhile, MJPM has a 5/5 rating in Yellowpages based on 8 reviews.

MJPM Pros and Cons


  • Good products and services
  • Owner is a veteran in the industry
  • Has been in business since 1985.


  • Can’t order online
  • Lacks ratings and reviews

Is MJPM a scam?

Let’s conclude this MJPM Review by answering this commonly asked question regarding the business.

MJPM is a legit and genuine precious metals dealer with a lot of years in the business under its belt. Moreover, the owner, Michael Chambers certainly knows what he is doing since he is a precious metals specialist.

The only downside it has is the fact that it lacks ratings and reviews considering that it has been in the industry for a long time. Furthermore, clients cannot order online compared to other dealers,

If you are not satisfied with MJPM, you can check out my top recommendation below.

Thank you so much for reading my MJPM Review! If you have any comments or questions, feel free to leave them in the comments section.

Check out my other reviews here!

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