Silver and Gold Exhange Review
| by Zachary Callahan
*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.
Silver and Gold Exchange Review
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The Silver and Gold Exchange started in 2007, and has been accredited with the Better Business Bureau since mid-2009. They have received an A rating from the BBB based on length of time in business, however they have received zero complaints. They claim to be “brokers” a term describing a middleman between the buyer and seller of most silver, gold, and platinum items.
Commonly most gold buying companies claim to pay more than the rest; Silver and Gold Exchange states they pay up to six times the competitors. Well we ran the numbers on their chart, and they pay between 54-65% of your scrap gold’s true value. After submitting our order, their chart is pretty accurate, but the payment amount is unacceptably low. There are many other places you can do business that will pay a whole lot more than these guys.
Although their payout is relatively low for scrap gold, they do offer higher payouts for gold coins and bullion. The Silver and Gold Exchange covers the shipping costs and insurance of up to $1000, which is good considering most transactions are under $1000. However if you should require more insurance, they do not directly offer than, leaving you to add it yourself through your shipping service.
Well we tested them after doing our due diligence, just to get an idea of how they operate. Overall we were dissatisfied with just about every aspect. Their payouts are mediocre and their customer service was uncooperative. There is little to no reason to choose the Silver and Gold Exchange over many of the other top gold buyers out there.
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