Bullion Mart has one of the widest choices in silver and gold coins and bars. Note that some gold and silver coins are not under their numismatics page even though they are not bullion. 

The Canadian Revenue Agency has specific requirements for precious metals, and they must be met if you want to include them in an RRSP or TFSA. Having said that if you are a collector of precious metal coins then Bullion Mart is likely to have something of interest.

Bullion Mart Customer Reviews & Ratings

Bullion Mart does not have the extensive years of business experience that other competitors can claim. And they lack retirement account services which are offered by many of the top dealers. So, we set about discovering what they might be doing right. As it has managed to keep them in business for over twenty years. 

• Better Business Bureau: ⭐⭐⭐⭐ (A+)
• Trustpilot: ⭐⭐⭐⭐⭐ (4.6 based on 461 customer reviews)
• Google: ⭐⭐⭐⭐ (4.3 based on 182 reviews)

Overall, Bullion Mart has a high level of customer satisfaction, and many customer reviews state they are or will be repeat customers. However, the bullion dealer has had instances of negative reviews, although it was not possible to assess what the outcome was exactly.

Bullion Mart History

We could not find any publicly available information on the owners, managers, or general history info about this bullion dealer. Although the company’s website states they have been in business for over 20 years, the Better Business Bureau states the years in business for Bullion Mart as 14.

Bullion Mart Products & Services

This bullion dealer along with the wide range of numismatics also offers a decent selection of the following precious metal bullion:

• Gold 
• Silver
• Platinum
• Palladium 

The selection for gold and silver is very wide as mentioned before. With 46 different gold items among bars and coins, and over 90 silver items. You cannot include all of these items in a retirement account. However, Bullion Mart does not offer any service for these accounts. So, if you do shop with them, you probably do not find that necessary.

In sharp contrast, the palladium offering was only one item, while their platinum stock has more to offer with 12 different items.

Gold

Bullion Mart’s gold offering comprises 23 bars and 25 coins. Coins come in the following weights 1/20th Oz, 1/10th Oz, ¼ Oz, ½ Oz, and 1 Oz. They have some interesting and beautiful pieces such as the 2016 1 Oz US Gold Buffalo or the set of four 1987 Gold Britannia Proof coins. 

If you want to add these to your retirement account holdings, check first with the CRA as these coins have a high collectible value and are priced well over the 10% margin on the spot price.

The 2022 10Oz Canadian Gold Maple Leaf is a high-detail bullion coin and Bullion Mart has these coins from various years. Prices vary greatly compared to spot prices for numismatic factors like availability and collectability.

Source: Bullion Mart

The weights for gold bars start at 2.5 grams and go all the way to 1 kilogram. In between, you’ll find various sizes which make investing in gold very easy, even for the smaller pockets.

The 1 Oz Gold lady Fortuna bar is a valid option for gold bullion. The bar has an attractive design of the blindfolded deity Lady Fortuna and comes in an elegant packaging.

Source: Bullion Mart

Silver

Bullion Mart offers various weights which include 1/10th Oz, ¼ Oz, 1 Oz, and 2 Oz coins. Some of the coins offered have a very high numismatic value, as the price of the coins is way higher than the typical mark-up over the spot price. 

For silver bullion, they have various options, one of our favorites is the Austrian Mint 2022 1Oz Silver Philharmonic coin. 

Source: Bullion Mart

Platinum & Palladium

The palladium offering consists of just one item. The palladium is packaged within a set of 16 bars with four ingots of gold, silver, platinum, and palladium. The platinum offering is sufficient considering the industry average. 

Their smallest platinum item is a 2 grams Credit Suisse Liberty bar. While their largest platinum item is the 10 Oz PAMP Suisse Lady Fortuna.

Source: Bullion Mart

Discounts

Bullion Mart offers bulk discounts on most of its items. Bulk discounts kick in from a low threshold of 25 silver coins. 5 Oz and 10 Oz silver bars also get a bulk discount from 25 plus pieces. But with bigger ingots such as 100 Oz, discounts kick in at 6 pieces.

Gold coins get a bulk discount from 10 items up, even with the smaller 1/10th Oz coins. All gold ingots get a discount starting at 10 items, including the 1-gram ingots. Further discounts are applied at 25 plus and 51 plus.

Shipping

Bullion Mart ships all products with insurance and discreet packaging to the address supplied by the customer. Note that if you have someone else receive the package and sign for you the insurance is void.

For Canadian clients Bullion Mart ships via FedEx or Canada Post, while US customers receive their items through UPS or USPS. You can expect to receive your purchase between 1 and 7 days after receipt of payment. Below is a table from the Bullion Mart website with their shipping fees. 

Source: Bullion Mart

Storage

Bullion Mart offers segregated storage for your precious metals. The company claims the storage location is insured and has industry-level protection. However, from their website, we were unable to determine the location, or the facilities involved. 

If you send your precious metals to Bullion Mart for sale the payment will be processed once they receive the package. Payment for items you sell to Bullion Mart is made via:

• Bank wire (CAD or USD)
• Cheque by FedEx – $25 fee applies
• Cheque by regular mail – no fee

Selling Your Precious Metals

Bullion Mart buys precious metals from customers and casual sellers alike. However, if you bought your precious metals and stored them with Bullion Mart, selling is more streamlined as they can take possession of your bullion directly at their storage facility.

To sell your precious metals to Bullion Mart you need to call them at +416 928 0707 for a live price. They pay up to 98% of the spot price for bars and coins you purchased from Bullion Mart, and 97% of the spot price if you purchase your bullion from another dealer. This level of buy back pricing is one of the highest in the industry and makes Bullion Mart stand out from the crowd.

Bullion Mart Headquarters & Store Location

Bullion Mart is headquartered in:

• 5700 – 100, King St W, 
• Toronto 
• ON M5X 1A3 Canada

Visits to the store are by appointment only, and no cash payments are accepted.

The store Location

• 16 Mallard Rd Suite A301 
• Toronto
• ON M3B 0A7, Canada

Website bullionmart.ca