bson.json_util からのダンプを使用します :
>>> c = pymongo.MongoClient()
>>> c.test.test.count()
5
>>> from bson.json_util import dumps
>>> dumps(c.test.test.find())
'[{"_id": {"$oid": "555cb3a7fa5bd85b81d5a624"}}, {"_id": {"$oid": "555cb3a7fa5bd85b81d5a625"}}, {"_id": {"$oid": "555cb3a7fa5bd85b81d5a626"}}, {"_id": {"$oid": "555cb3a7fa5bd85b81d5a627"}}, {"_id": {"$oid": "555cb3a7fa5bd85b81d5a628"}}]'