Midwest Precious Metals Exchange, known online as MWPMX, is a St. Louis-based coin and bullion dealer that sells silver, U.S. currency, wheat pennies, and mixed collector lots through its Shopify storefront at mwpmx.com.
The company has been operating for more than a decade, lists over 70,000 customers on its site, and runs an active eBay store with more than 7,000 feedback ratings.
This review looks at what the company sells, how its pricing and shipping work, and what actual customers say about buying from them, based on the company’s own site along with BBB and eBay records.
Key Takeaways
- MWPMX specializes in mixed lots, wheat pennies, and 90% silver “junk” coins rather than modern bullion bars, which sets it apart from larger dealers like Money Metals Exchange or APMEX.
- The company offers free insured shipping on orders over $99 and a 60-day return window, though bullion and gold/silver products are excluded from that policy due to price swings.
- Customer feedback is mixed: eBay ratings sit around 4.5 to 5.0 across categories, but BBB reviews include shipping delay complaints alongside satisfied buyers.
What MWPMX Actually Sells
This isn’t a dealer built around one-ounce gold eagles or kilo bars. The catalog leans heavily into collectible and semi-numismatic material: Morgan and Peace silver dollars, 90% silver dimes and quarters (often called “junk silver”), wheat pennies sold by the roll or by the pound, Indian Head cents, red seal and silver certificate currency, and estate-style mixed lots with names like “Mason Jar Silver Coin Mixed Lot” or “Monster Box Mixed Coin Lot.”
Prices for these lots run anywhere from under $20 for a bag of culls to nearly $900 for a graded 1909-S VDB wheat penny.
There’s also a subscription angle. The site runs a program called Collection Autopilot (branded elsewhere as “the Vault”) that ships recurring coin or bullion selections to subscribers on autopilot, similar to a monthly collectibles box.
For someone building a set over time rather than buying a single large position, that’s a genuinely different shopping experience than a typical bullion dealer’s spot-price product grid.
Here’s roughly how the catalog breaks down by category, based on the site’s own navigation structure:
| Category | Examples | Typical Price Range |
|---|---|---|
| 90% Silver Coins | Dimes, quarters, half dollars, face-value rolls | $11 – $560+ |
| Silver Dollars | Morgan, Peace, American Eagles | $63 – $200 |
| Wheat Pennies | Rolls, bags, individual key dates | $8 – $890 |
| Mixed/Estate Lots | Cigar box lots, mint set lots, vault hoards | $75 – $200 |
| U.S. Currency | Red seal notes, silver certificates | Varies by note |
| Grab Bags | Silver and non-silver assortments | $10 – $70 |
Pricing and How It Compares
MWPMX doesn’t publish live buy/sell spreads the way a wholesale bullion desk does, and that’s worth understanding going in. Because so much of the inventory is graded circulated coinage, mixed lots, or estate material rather than standardized rounds and bars, pricing is set per item rather than tracked against spot in real time.
The site does maintain a live spot price page for gold, silver, platinum, and palladium, which is a decent reference point even if you’re buying collectible material rather than bullion.
If your goal is pure bullion accumulation at the tightest possible spread over spot, a wholesale-focused dealer is usually the better fit. If you want wheat pennies, junk silver by face value, or an estate lot to sort through, MWPMX’s niche starts to make more sense.
That’s a real distinction, and it’s the first thing to sort out before comparing this company to a bullion-only competitor on price alone.
Shipping, Returns, and Security
Orders ship within 24 business hours (excluding weekends and orders placed after noon CST on Fridays), and the company states delivery typically takes three to five business days after that. Shipping is free on orders over $99, and packages worth $100 or more are insured from the company’s vault to the customer’s door. Checkout runs through 256-bit SSL encryption certified by DigiCert.
Returns get a 60-day window under what the company calls its “Investor Satisfaction Guarantee.” The catch, common across the bullion industry, is that gold and silver bullion products are typically excluded from open-ended returns because spot prices move daily and a dealer can’t absorb that risk on canceled orders. Non-bullion collectibles (wheat pennies, mixed lots, currency) fall under the standard return policy instead.
Payment options include the usual cards, PayPal, Apple Pay, and Google Pay, plus Shop Pay installments and USDC for crypto buyers. That last detail is worth noting since not every mid-sized coin dealer accepts stablecoin payment yet.
Customer Feedback: What People Actually Say
This is where a review needs to look past the marketing copy. MWPMX is not BBB accredited, and its BBB profile shows a split record. Some customers report smooth transactions and slower-than-expected but eventually resolved shipping.
Others report real frustration, including at least one complaint describing a canceled or delayed order with limited communication and another calling the experience “a scam” after a delivery estimate slipped past expectations.
That’s not unusual for a company shipping physical, insured goods through the postal system, but it means buyers should track their orders and not assume next-day fulfillment on every item, especially heavier or custom lots.
The eBay storefront tells a more consistently positive story. MWPMX holds Top Rated Seller status there, with over 35,000 items sold and more than 4,500 followers.
Detailed seller ratings over the trailing 12 months show 4.5 out of 5 for accurate description, 5.0 for reasonable shipping cost, 4.8 for shipping speed, and 4.9 for communication. Feedback volume sits above 7,300 ratings, which is a meaningful sample size for a coin dealer of this scale.
Put those two data points side by side and a pattern emerges. The volume-driven eBay experience, where buyer protections and dispute resolution are built into the platform, skews strongly positive.
Direct-site orders through BBB channels show more variance, which tracks with a smaller but louder subset of customers who hit shipping snags or had a harder time reaching support.
Company Background
MWPMX is run out of St. Louis, Missouri, by owner Tim Duggan and manager Cody Curran, according to BBB business records. The company lists membership in the American Numismatic Association (ANA), plus additional trade groups tied to currency grading and coin authentication.
Customer support is available Monday through Friday from 9 a.m. to 5 p.m. CST and Saturdays from 9 a.m. to 2 p.m. CST, and the site states plainly that there are no commissioned salespeople pushing product, which is a fair point of differentiation from some high-pressure bullion sales operations that have drawn regulatory scrutiny over the years.
Who This Dealer Fits
If you’re a collector chasing wheat pennies, junk silver by face value, or estate-style mixed lots and enjoy the hunt of sorting through unsearched material, MWPMX’s catalog is built for exactly that.
If you’re a straightforward bullion investor who wants the lowest possible premium over spot on standard rounds and bars with zero interest in numismatics, this probably isn’t the primary dealer to build a large position with, and it’s worth comparing premiums against a bullion-focused competitor first.
Conclusion
MWPMX serves a specific niche well: collectible coins, junk silver, and mixed lots for people who want more than a plain bullion transaction.
Check current order volumes and shipping timelines before buying anything time-sensitive, and treat the mixed BBB feedback as a reason to track your order rather than a reason to avoid the company outright.
