MJPM Inc. — Local services in Corvallis

I brought in a wedding ring to determine if MJPM Inc. would be interested in purchasing it. The ostensible proprietor of the business, without even asking why I was there or what my goal was in visiting the business that day, gruffly just started examining and weighing the ring and then concluded that he could give me $172 for it. I said, "Okay, $172 works for me." The proprietor then took the ring and brought back $72 in cash and gave it to me. I counted the cash before leaving, realizing that he gave me $100 below his quote offered only seconds ago. He had already disappeared out of sight, so I informed the woman working for him that he had said $172, not $72. She called back to him and then he returned, quickly handing the ring back to me while saying that he was only telling me what the gold weight value of the ring is. This entire exchange didn't make any sense. Why hear me assent to your quoted value, bring me cash yourself for the ring, walk away, and then only after I've counted and spoken up that you've given me $100 less, decide to make up a story about only wanting to quote me a value for the gold in the ring?

Either a) you were trying to steal from me, hoping that I would walk out of your business before counting the cash and then would not be able to get back in, as the door locks, and I wouldn't have a written receipt or b) you're agreeing to hand customers cash (wrong amounts at that) for their items while only meaning to inform them of values, indicating that you're extremely confused and shouldn't be conducting these transactions. Either way, no one should visit this business. This proprietor was very rude the entire time, even apart from this attempted theft or highly unprofessional behavior. Should you decide to dispute this account, there was another customer there at the time that witnessed the bizarre exchange and that I spoke to, so I would advise not responding with attempts at...

I have a divided opinion of this place.

The first time I was here, the owner, Michael, was very nice. And the prices were fair, as posted on his website. I bought ten silver rounds from him. If that was my only interaction, this review would be five stars.

The second time (just today), I came in looking to buy a silver Krugerrand. I must've caught him on a bad day. He asked $33.50 for it, which is $5.50 over spot, a premium of 20%. I experienced sticker shock and pulled out my phone to check whether spot went up a lot since I last checked, but before I could even turn it on, he said "that's not going to help you" and said that he ran a "cash and carry" business and that it wasn't comparable to buying off the Internet because I could see the coin with my own eyes before buying whereas I could get a scratched coin if I buy off the Internet. I never mentioned anything buying off the Internet. I did not try to haggle with him. He then showed me his numismatic credentials (a plaque in the case) and said that he was "beyond legit" and had been a member of that organisation for forty years then said something about PCGS (I don't recall what). I politely declined to make a purchase after that and left.

Silver Krugerrands are not particularly rare. They are a fairly common bullion coin. They do not justify a 20% premium over spot. The price he asked is a dollar over even what American silver eagles go for. Now, I'm not expecting world-class or special treatment for my one-coin purchase, but the experience was just off-putting for me. I ended up buying it from another dealer in the area for a much more reasonable price.

It really hurts me to talk badly of this place because their prices for some things really are the lowest and Michael was very nice to me...

WARNING! Michael's Jewelers ripped us off. We went to purchase some precious metals and handed them several thousand dollars in cash for our order. However, the crooked lady who we handed the cash to deliberately dropped over 10 $100 bills behind the counter onto the floor (which was out of our sight) then claimed we didn't pay her enough cash. This is a typical scam which shady businesses use to rip off their customers.

This is why you must always make sure the person who is handling your money always keeps your cash on TOP of the table so it's visible at all times. Do not let them pick it up and move it back behind the counter or you may become another victim of this scam.

The owner "Michael" was present and witnessed the scam unfold but he didn't do anything about it. Michael (the owner) and his employees are as crooked as it gets.

We had no choice but to pay an additional $1,000+ in order to receive our Gold coins we ordered.

We filed a police report with the Corvallis police department and they said they will watch for any more victims who may come forward.

We highly recommend that you do NOT do business with Micheal's in Corvallis. We don't want to see any more innocent people get ripped off by...