Modern Coin Mart Review (Is It Good?) (Updated 2022)

April 17, 2022

Modern Coin Mart Review

Welcome to my Modern Coin Mart Review.

(UPDATED 2022)

Having a reliable and trustworthy precious metals dealer is a must when you decide to invest in this industry.

Although there are a lot of dealers out there, you can sort them out and find the best by reading their reviews.

In this Modern Coin Mart Review, you will learn everything you need to know about the company. Is it legit? Or is it a scam? Let's find out, shall we?

If you’d like to skip right to our number-one choice in gold IRA companies, check out Augusta Precious Metals here!

Modern Coin Mart Review Quick Summary

Name: Modern Coin Mart


Founder: John Maben

Price: Varies depending on your investment

Rating: 3/5

ModernCoinMart Logo


What is Modern Coin Mart?

Modern Coin Mart, also known as MCM, is a precious metals company created by John Maben in 2004.

It used to be called John Maben Rare Coins and has 35 employees, with a combined 225 years of experience in the precious metals industry.

John is a veteran in the industry, with over 4 decades of experience in professional numismatics.

The company's president, Jay Rudo, is a coin expert who made his own company in 2001. He partnered up with John in 2007.

Modern Coin Mart aims to become a leader in certified modern coin sales.

Modern Coin Mart Products and Services

Modern Coin Mart provides a wide selection of precious metals including gold, silver, platinum and palladium. It's catalog consists of products from various mints and refineries.

There are IRA-eligible precious metals too.

Although the majority of its products are coins, Modern Coin Mart also provides bullion bars.

As for IRA services, Modern Coin Mart partnered up with two IRA custodians: GoldStar Trust Company and New Direction IRA.

Each one of them have their own costs and fees.

Modern Coin Mart Fees and Costs

To check the prices of the precious metals, you can check out Modern Coin Mart's website for the complete product catalog.

The company offers free shipping for domestic orders.

As for the IRA fees, you can see them below.

GoldStar Trust Company

GoldStar Trust Company IRA Fees and Costs

New Direction IRA

New Direction IRA Fees and Costs

How to get started?

You can purchase precious metals products using Modern Coin Mart's website. The product catalog shows all available products.

Then you can add to cart and proceed to checkout.

Payment methods accepted are Paypal, e-check ,credit cards, wire transfer and checks.

Modern Coin Mart does not offer cash as a form of payment.

Modern Coin Mart Ratings and Reviews (Updated 2022)

Below are the ratings and reviews of Modern Coin Mart.

  • BBB - A- rating, 3 out of 5 rating with 8 reviews and 6 complaints
  • Yelp - 2.5/5 with 4 reviews
  • SiteJabber - 5/5 with 1 reviews

Modern Coin Mart Pros and Cons


  • Free shipping for domestic orders
  • Can order online
  • Wide variety of products


  • Lacks ratings and reviews
  • Does not offers its own IRA services

Is Modern Coin Mart a scam?

Let's conclude this Modern Coin Mart Review with the answer to this question.

Modern Coin Mart is not a scam. It is a legitimate company owned by professionals and veterans in the industry. Moreover, it offers good products.

I also like the fact that you can order online, since the company can reach more clients. The only downside to it is how it lacks ratings and reviews. Moreover, it does not provide its own IRA services.

If you wish to find the best precious metals firm, check out my top recommendation below.

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

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