These reviews are based on our personal experiences with the individual cash for gold companies and our rating reflects our feelings regarding our transactions with them. Your experience with the gold refiner/dealer may fare better or worse. But we always try to give the most accurate representation of what you are likely to find.
It is always a good idea to do your own research and find the company that works for you. We do these reviews because it is important for anyone looking to sell their gold to understand that very few online gold buyers will actually give you what your gold is worth. You would be surprised how many cash for gold businesses payout less than half the current price of gold. And not everyone has the time to properly look through and research the hundreds of gold buyers that are out there today. We hope these reviews will give you an idea of what to expect and will help you to make a wise decision.
Cash Payout: Customer Service: Turn Around Time: Shipping Insurance: Overall: 
Cash For Gold USA is another relatively new gold buyer that claims to pay more than all their competitors. They are run by CJ Environmental who also owns Cash For Silver USA. CJ Environmental has been around for 5 years now and they buy both gold and silver as the names imply. Cash For Gold USA has a C- rating with the BBB with over 30 complaints filed in the last 3 years.
We’ve had several readers request that we review this company so we decided to approach this company like we have with all the previous that we’ve reviewed – we filled out the request for a gold kit on their site. I have to say they do have one of the better gold packs out there: they offer overnight FedEx shipping insured up to $1000. You have to go to their FedEx gold pack page though or otherwise you get their standard USPS gold pack.
Cash For Gold USA does list their payout on their site unlike many gold refiners, but there is one important caveat: it only shows what they pay for amounts between 10 troy ounces and 50 troy ounces. To put that in perspective, if you mailed 1 troy ounce of 24k gold today it would be worth around $1200. Multiply that by 10-50 times and you see that almost no one is going to have that much gold to send in. That makes their payscale completely useless to the average seller. And of course if you go under their minimum amount they are going to pay you less … a lot less.
But to be fair we still needed to test how much they would pay for a relatively small amount of gold (around an ounce or less) which is what most people send in. We mailed them a 16k gold bracelet worth approximately $598 in one of their FedEx insured GoldPaks. It took about 4 days for them to receive and process our shipment after which they sent us their offer of $358.89. 60% of the spot price of gold is not what we consider acceptable so we requested our gold back. Instead we sent it to Empire Gold Buyers where we know that they pay 96% of the spot price of gold (a $200+ difference for us).
Related articles:
- Gold Pawnshop ReviewGoldPawnShop.com is a Georgia based gold buyer that has been around since 2007. They have a BBB rating of B+ although their accreditation expired in April. But they have had no complaints through the Better Business Bureau. As a new gold buyer offering a "minimum of 5% more than our...
- Empire Gold Buyers ReviewWith an A+ rating with the Better Business Bureau, Empire Gold Buyers have one of the best reputations of all the online gold buyers. We have only recently started using them but they have turned into one of our favorites [...]...
- BrokenGold.Com ReviewBrokenGold.com and SellGold.com are owned by the same company. You might also know this company as USA Cash For Gold or Cash For Diamond Rings. They are not a Better Business Bureau accredited company but have still managed 25+ complaints [...]...
- Our Review of Five of the Top Gold RefinersWhen it comes to selling gold online you have a lot of choices. There are hundreds of already established companies vying for your business – not to mention all the new ones that continue to pop up in this growing field. This of course makes it difficult to make any...
- GoldFellow ReviewWe learned about this relative new comer to online gold buying game recently and just had to try them since they claim to have the best payouts in the business. GoldFellow has an A+ rating with the Better Business Bureau with no outstanding complaints [...]...
- Midwest Refineries ReviewOne of the first refiners that we ever used, Midwest Refineries is a well respected company. They have been around since 1939 and have been online since 1998 which makes them one of the oldest gold refiners still in business [...]...
- SellGold.Com ReviewSellGold.com and BrokenGold.com are one and the same company. They actually own several other similar websites as well with a common trait: no prices listed on their site and no Better Business Bureau accreditation [...]...
- Refinity ReviewRefinity.com is another cash for gold site that doesn't list much information on their website. They are a Richmond, Virginia based business but other than that you can't find out much more about them[...]...
- My Gold Envelope ReviewWe decided to re-review My Gold Envelope as we've had several readers complain about being ripped off by them. The first thing that we noticed was that their BBB accreditation was revoked and they now have a F rating [...]...
- My Gold Party ReviewMy Gold Party is a new kind of gold buyer that has become increasingly popular lately. Instead of the normal deal where you just send in your own gold to a gold refiner in exchange for cash, My Gold Party wants you to buy a gold testing kit from them...
