Everything You Need To Know To Sell Gold Online
US Gold Buyers Review
by Hal Young
*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.
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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.
US Gold Buyers Review
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US Gold Buyers are another one of the better gold buying companies offering to buy your gold, silver, platinum, and diamonds. They have been in business since late 2006, and have had a Better Business Bureau file open since 2008. They are BBB accredited with an A rating, and have only received 2 complaints in the past 3 years; both of which were resolved.
They promote a very competitive payout on their home page, and even claim to pay up to 98.5% of the market price on larger transactions. US Gold Buyers definitely pays more than a lot of the other gold buying companies out there. Their projected lowest payout on smaller orders is around 90% of the current spot price of gold. Seeing these projected payouts, we were very eager to test them just to see if they were as honest as they seem.
Like any of the better companies, US Gold Buyers will pay for your shipping and offer insurance. They offer up to $25,000 free insurance on all transactions, and more can be added as needed. They have a pretty honest business model, and they offer a standard 14-day satisfaction guarantee. However we prefer companies with a longer guarantee; 14 days sometimes isn’t enough for people that find themselves busy during the week.
We filled out the form and printed out our label fairly quickly (they don’t offer a mailing kit) and sent in our gold as soon as we could. Within a couple days we got an offer for about 88% of our gold’s projected value. When comparing the numbers with the chart they provide, it didn’t seem to match up. Explaining this to a customer service representative turned out to be a nightmare. Although the offer was high, it wasn’t as high as they promote on their homepage.
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