WARNING! Don’t Even THINK Of Selling Scrap Gold Until You Ask Gold Buyers These 7 Revealing Questions
Discover the ONLY scrap gold buyer that I’ve found who measures up to 7 vital questions.
If your jewelry is intact and in excellent condition, you’ll get the most cash if you get 2-3 bids from local upscale jewelers or antique dealers. Pawn shops are not known for their trustworthiness, and will lowball their offer.
But what if your bracelet is broken or you’ve lost 1 valuable earring? What if you have an old class ring, or even dental gold?
It’s not likely you’ll find interested buyers on Ebay or Craigslist for these type of items.
But if they’re made of precious metal like gold, platinum, or silver, you still have something of value.
Besides, there’s an easier way to get cash for them than hassling with a listing on an auction site, or paying for a classified ad. You don’t have to photograph your gold piece in an appealing way, or arrange face to face meetings with buyers.
Where To Sell Your Jewelry
The absolute best solution is to find someone who can restore its value. They can process your gold or silver item back into gold or silver bars, to be used in manufacturing.
This will be a refinery in the business of purifying and recovering precious metals. They have special licenses and the machinery to do this.
These refineries can be found online, which is better for you because you’ll be taking out the middleman, and getting the very best scrap gold price.
But be careful!
A lot of unscrupulous gold buyers/middleman companies have popped up online. They’ll give you a bare minimum cash offer to you, so they can turn around and sell to a refinery for profit.
Here are 5 easy steps to safely selling gold to an online company:
Step #1
Know true market value of your gold and silver! Goldprice.org gives you the daily market value of gold, platinum, and silver.
Step #2
Check your yellow pages under “Gold” and “Jewelry”, to find local gold buyers. Take your piece to at least 2 for a comparison with an online company’s offer.
Step #3
Screen the online scrap gold company you’re thinking of dealing with! This step is so important, that I’ve listed 7 Screening Questions for online scrap gold buyers below.
Step #4
Once you’ve used the 7 Screening Questions to pick the best company, request their PRE-PAID INSURED shipping envelope.
Step #5
Either accept their offer and get cash, or reject their offer and get your items back.
Here’s The 7 Revealing Questions:
Question #1
(TIP: By asking this easiest question first, you’ll eliminate a lot of online companies, so you won’t waste your time asking the other 6!)
What’s their physical address?
Federal law requires precious metal buyers to have a physical address. If their address isn’t listed on their About page or Contact Us page, or if it’s just PO Box, move on!
Question #2
What’s their shipping method and insurance amount for your items?
It’s best not to call the company with this question to get a verbal answer. READ THE FINE PRINT. Look for their Terms & Conditions link, or their Frequently Asked Questions page.
The very best online gold buyers will PREPAY for FedEx’s Overnight Declared Value Exception program. This FedEx shipping is the most secure shipping option for your valuables.
FedEx will insure your package up to $25,000. Other shipping methods will only insure up to $100. The insurance amount will be based on your estimated declared value before shipping.
Question #3
What’s their payment policy?
This is your most important question, because when you’re selling gold you want the most cash possible! The answer to this question is also best determined by READING THE FINE PRINT.
DON’T do business if anywhere in the fine print it says that when you ship to them, you’ve automatically agreed to accept their cut-rate offer!
Also, be careful about their direct deposit policy. With a lot of gold buyers, if you choose this payment option, their fine print says this will waive your rights to reject their (lowball) offer and have your items returned.
Can you believe it?
These shady companies want you to agree to their policy of automatically mailing you a check without checking with you first. Believe me, if you do, you’ll be shocked at how low their offer is.
And to add insult to injury, the catch in their fine print, is that you need to contact them within 10 DAYS to reject their offer and have your valuables returned.
BUT then you find out this 10 day return period starts from when their check is dated. And they’ve used STALL TACTICS getting the check to you in enough time to get your items back!
Trustworthy companies will not send you an automatic payment. They’ll evaluate your items and contact you FIRST with their offer.
If you like their offer, you now tell them how you want your cash:
- A check in the mail
- Paypal immediately
- Or direct deposit within 24 hours
If you don’t like their offer, they’ll pay to insure and FedEx Overnight your items back to you.
OK savvy gold seller, you’ve gotten this far, and have probably eliminated most online companies with Questions 1-3. Now it’s time to pick up the phone to screen the survivors.
Question #4
Does a real live person answer the phone during business hours?
Or will you get tangled up in their voice mail system for half an hour?
Don’t waste your time! If this is how they treat a potential new customer, how will they treat you after you’ve sent them your valuables?
Question #5
Now that you actually have a live Customer Service Rep on the phone, it’s time to ask,
What’s your State License Number?
Phone their state’s Department of Consumer Affairs to verify that they’re legitimate.
Question #6
Ask not only how long they’ve been in business, but how long they’ve been in the gold buying business.
This is essential with all the fly-by-night companies out there.
Question #7
What’s your security policy to protect my valuables while they’re at your facility?
FedEx will take care of tracking your scrap gold while it’s being shipped. But how does this company track so they always know exactly where your items are while they’re processing it?
That’s it.
If you just follow these easy steps, you can feel safe and worry-free about selling scrap gold & silver items to a gold buyer that you found online.
And here’s the ONLY gold refinery I’ve found who measures up to ALL 7 questions:
CAUTION: If you’ve already agreed to accept a lowball scrap gold price, DO NOT read the rest of this page—it’ll break your heart!
What Everyone Selling Gold Needs To Know:
Empire Gold Buyers is the ONLY Gold Buyers site I’ve found that measures up to ALL 7 essential questions!
Click the banner above to get top dollar in 24 hours
Here’s How Empire Gold Buyers Measure Up:
Question #1
What’s their physical address?
Empire Gold Buyers
2 West 46th Street Suite 509
New York, NY 10036
They invite you to stop by between the hours of 9 am – 6 pm Monday through Friday except major holidays.
Question #2
What’s their shipping method and insurance amount for your items?
Here’s the story in Empire Gold’s fine print:
“We send you an insured overnight FedEx envelope FREE. Simply place your valuables inside and mail the envelope. Empire Gold takes care of the rest.
“If you later decide you don’t want to sell your gold after all, we return it to you by insured overnight FedEx – and you don’t pay a dime. We’re so pleased you consider working with Empire Gold, paying for all of your shipping is the very least we can do.
“Empire Gold begins safeguarding your old gold and jewelry the moment you place it in our FREE insured overnight FedEx envelope. FedEx securely transports valuables around the globe, and the insurance we buy covers valuables up to $25,000 in value. If your items are worth more, let us know and we’ll get additional insurance for you – at our cost.”
Question #3
What’s their payment policy?
Empire Gold’s bottom line:
“At Empire Gold, shipping your items to us for evaluation is just that — an evaluation. It is never an obligation to accept our offer. When we receive your item, we evaluate it the same day and call you immediately with the price we’ll pay. If you decide to keep your item, we don’t pressure you, grumble or complain. We just ship it right back to you – at our expense.”
“If you ship us your old gold or jewelry but change your mind before you’ve been paid, we gladly return your item to you – no questions asked. That’s just one we do our best to keep you satisfied so the next time you need to sell your old gold, you think of Empire Gold first!”
“Empire Gold’s rates are always close to the going market rates for gold so you always know you are getting the most money for your valuables.”
“We can pay you by check, PayPal, MoneyGram, Western Union or a direct deposit into your checking account. Just let us know which payment method you prefer, and we’ll pay you the same day you accept our offer!”
Question #4
Does a real live person answer the phone during business hours?
I phoned their toll free number a few different times with questions. Their automated system routed me to a live person in just a minute or two.
I didn’t get stuck talking to a gruff overseas answering service. I spoke with Gene, who was very professional and happy to help. He had the extensive knowledge and experience to answer all my questions.
Question #5
What’s your State License Number?
When I asked about this, Gene volunteered to FAX me their license certificate, which I now how in my file.
The New York Second Hand Dealer license number is 129-5342.
According to my phone call to the New York Department of Consumer Affairs, the license is valid and current, and the company has had no complaints filed.
Question #6
Not only how long they’ve been in business, but how long they’ve been in the GOLD BUYING business?
Again from the horse’s mouth:
“With 25 years experience buying gold, Empire Gold has the knowledgeable team and experience you need to get the best prices for your old gold and jewelry.
“Empire Gold is a real precious metal refinery. We melt down the gold ourselves and our parent company purifies it for us. Since the entire process stays in-house, we can pass the savings along to you and pay you close to the full gold value of your items — 96% of the true market value!”
Question #7
What’s your security policy to protect my valuables while they’re at your facility?
More fine print:
“When we receive your shipped gold, we assign it a tracking number so you can always know exactly where it is. From the moment we weigh your item on our certified scales to the moment we buy it or return it to you, you can always know your valuables are exceptionally guarded and safe when they are with Empire Gold.”
Can you find another scrap gold buyer who measures up to ALL 7 questions?
If so, or if you’re a gold buyer who measures up and you want to be included on this site, please contact me. I’d love to hear from you!
Are you ready to safely cash in on the current demand for your gold items?
Act fast to get the most cash before the all-time high price of gold goes down any further!
Support this site:
I’m an independent journalist with no vested interest in the companies I review here. I’ll recommend ANY AND ALL Gold Buyer companies who measure up to my 7 screening questions.
If you request information from any of the Gold Buyers listed on this page, I’ll receive a small contribution from those Buyers.
This will in NO WAY decrease the price they’ll offer you for your gold.
It WILL help with the research and running expenses of this site. If you don’t feel comfortable with this then you can go directly to the Gold Buyers sites.
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