Everything You Need To Know To Sell Gold Online

My Gold Envelope 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.

MyGoldEnvelope

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The following is our updated review for My Gold Envelope or Dollars 4 Gold as they are also known.

We 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 The first thing that we noticed was that their BBB accreditation was revoked and they now have a F rating due to over 50 unresolved complaints. That right there is a huge red flag. It also seems that the site is no longer promoted by the famous pitchman Anthony Sullivan like they once were.

Their “double G” guarantee, where they promise that if you find a better offer they will double it, is supposed to be their big selling point. And they now offer a $20 bonus for new customers for gold over 3 grams. They also have a 10 day money back guarantee but the problem with that is that, in our experience, you don’t get the check until after more than a week so it’s basically too late by then.

Although they have updated their site, they still don’t have their prices listed (you’ll see why below). They are a gold buyer not a refiner which means that they act as a middleman and take a cut of the profits on top of the percentage that the refiner pays. To see if their pricing structure had changed, we decided to send about the same amount of gold as before – approximately $247. We received a check after 8 days for $93.26 which is under 40% of the gold’s true value. We asked for our gold back obviously but had a hard time trying to get them to send it back. We got confirmation that they did indeed ship it but it has been two weeks and we still haven’t received it. (Edit: We finally received our shipment after three and a half weeks.)

There is honestly no reason to use a middleman gold buyer like My Gold Envelope when there are better options like Sell Your Gold who will pay you more than double what these guys will.

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