The cash for gold business is one that tends to attract a lot of unscrupulous types. Right now it is very profitable which tends to bring out the con artists and scammers. But even if you don’t run into any of those, there are plenty of gold refiners out there that have no qualms about ripping you off. Although you can get over 90% of the spot price of gold for your gold jewelry, coins, dental gold, and other scrap gold – many companies only pay you 50% or less. That is why you should be very careful about who you deal with when you’re looking to sell gold for cash. This is one of the reasons why we offer reviews of many of these different companies.
A gold buyer that gained popularity recently, despite not being advertised all over the place, is Empire Gold Buyers. One of the first thing most people ask us about this company is, “Is empire gold buyers a scam?” The short answer: a resounding no. But let’s explore why they are not a scam and why it is a good idea to sell them your gold over any of the other gold refiners out there today.
Empire Gold Buyers is a New York based gold refiner who has been in business for over 13 years now. These guys are one of the few that actually list their prices on their site. In fact they are right on the front page. They pay between 90% – 96% of the spot price of gold depending on how much you have to sell. They also happen to have an A+ rating with Better Business Bureau with no complaints – which is excellent. They insure all their packages so your gold is safe in transit (not many refiners do this or if they do it’s a measly $100 – $500). If you want to read more about them check out our review of the top 5 gold refiners.
With all these great qualities and no complaints to be found, do these guys sound like a scam to you? Seems that the Empire Gold Buyers scam is really nothing more than rumor. If you have any experiences with this company please leave a comment.
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I too, used Empire Gold Buyers very recently. I did my homework and research on the process involved, I researched numerous internet gold buyers, checked reviews, ratings, prices of gold, etc. I chose Empire because of their reputation and low customer complaints. I found a few negative complaints against them, but I also know that you can’t please everyone. I KNEW EXACTLY what I was sending them, weight, karats, etc. My expected percentage (which was higher than what other buyers and sites were offering) was exceeded by Empire. The whole process was flawless, beginning to end. I can certainly speak to your experience with Empire, as mine was the same. I WOULD NOT HESITATE to do business with them again, and I will recommend Empire Gold Buyers to all my friends. Kudos to Empire.
I would also like to add to my previous comment that Empire’s customer service was excellent. I was very comfortable with the fact that they answered all my questions, and even called soon after ordering by FedEx pak (which is insured more so than others and can be tracked) to see if I had any questions. The rep. that I spoke with, Sandi, informed me exactly how their process worked and how they made their calculations in determining your gold’s value. She was also very knowledgeable, personable and friendly and didn’t make you feel rushed. I had some follow questions that I e-mailed to her, and they were answered in a very timely manner. And, yes, I agree with the assessment that when you call Empire, you actually SPEAK TO A HUMAN. Definite plus.
Humans are great, speaking to them on the phone is even better, buying gold from them even tops that!