At JM Bullion, we are dedicated to helping our customers get the most out of their investment purchases, which is why we offer the option of purchasing gold and silver in bulk quantities at discounted prices. Buying gold and silver in large quantities offers multiple benefits. From an investment standpoint, purchasing in bulk allows you to take advantage of wholesale prices, similar to buying gold and silver from large distributors. In this way, customers can get even lower prices per ounce and maximize their buying power.
JM Bullion frequently offers bulk discounts on our gold and silver products. Several of those products have multiple discount tiers, with some of those discounts starting at quantities as low as 10 or 20 pieces. When browsing our product pages, please notice the displayed live price, as well as the quantity pricing tiers. By simply increasing the purchase quantity of a particular item to meet one of these thresholds, customers will receive a lower premium for that product. Customers can also benefit from the 4% “cash” discount we provide on orders paid with paper checks, bank wires, and bitcoin. Additionally, investors with orders exceeding $100,000 should contact us at 800-276-6508 to discuss additional discounting options with a Sales Account Manager.
One may think that you would be better off buying gold and silver directly from a mint; however, in most instances, the mints don’t allow individuals to purchase metals at wholesale prices. In some cases, like the US Mint for example, you must be an authorized purchaser. To qualify as an approved purchaser, a company must meet very strict financial and professional criteria. Because investors often can’t buy gold and silver direct from the mints, JM Bullion can be one of the cheapest alternatives when purchasing precious metals in wholesale quantities. Our wholesale or “bulk” discounts are available on most products when ordering in quantities of as little as 10 or 20.
Certain products, such as American Silver Eagles and Canadian Maple Leafs, are particularly popular for bulk orders, especially because the quantity with the largest discount is offered in a unique package known as a “Monster Box.” Those particular Monster Boxes each contain 500 coins, which are securely packaged within the box in tubes of 20 (ASE) or 25 (CML) coins. The tubes are made from durable material and kept sealed to ensure safety during the shipping of your order. They also provide extra protection while coins are kept in storage. Some of the Monster Boxes which are currently available on our site include the 2015 American Silver Eagle, 2015 Silver Maple Leaf and 2014 Austrian Silver Philharmonic. Monster Boxes have become a favorite among serious collectors because they carry lower premiums over spot price, and the coins are sealed directly from the mint.
When purchasing an item in bulk, you simply need to select the product you wish to order, enter a quantity that falls within one of our bulk pricing tiers, and add it to your “Shopping Cart.” The default cart price is our regular pricing; one must first select the payment method before the discounted price for paper check, bank wire, or bitcoin orders will appear.
As with smaller purchases, JM Bullion customers have many payment options for bulk orders: credit/debit card, PayPal, paper checks, bank wires, and bitcoin. Please be advised, some forms of payment do have certain restrictions. Customers will typically pay for their gold and silver bulk orders with checks, bank wires, or bitcoin because of the 4% payment discount and higher maximum order sizes associated with those payment methods.
We encourage customers who make substantial investments in precious metals to consider opening a Precious Metals IRA. With a Precious Metals IRA, investors can still take advantage of our bulk discounts as well as acquire gold and silver for their self directed retirement account. Once your bulk order has been deposited, you are free to buy, trade or sell without warranting tax liabilities. The only exception to this is if you were to withdraw funds, in which case, you would be subject to standard income taxes charges on the withdrawn balance.
Another advantage to opening a Precious Metal IRA is that it allows us to send your larger precious metals investments directly to an off site depository for storage and protection. Being able to store your bulk purchase of precious metals outside your home reduces the risk of theft and burglary. For further details about JM Bullion’s IRA program through New Direction IRA please visit our IRA page.
Because JM Bullion’s inventory includes a fine collection of copper and platinum merchandise, customers have the opportunity to order these items in bulk, as well. To buy copper and platinum in bulk, customers must follow the transaction procedures outlined in the above section for gold and silver bulk purchases. Customers who purchase copper and platinum in bulk are entitled to discounted premiums, such as those offered for gold and silver bulk orders.
Purchasing copper and platinum items in bulk is a great way for customers to diversify their portfolio. There are even IRA approved platinum items that customers can use to fund their retirement account. However, we advise customers to consult with their financial custodians to discuss their state’s specific tax policies regarding the bulk purchases of copper and platinum merchandise.
JM Bullion offers all the standard benefits of buying precious metals in bulk as well as some our own. We provide competitive discounts and flexible payment options along with free shipping on orders over $99 and insurance on all orders. If you would like to discuss more options regarding your bulk order, we encourage you to call us at 800-276-6508. You can also reach us through live chat or online form submissions.