Do you have gold or silver that’s just sitting in a closet or a drawer and collecting dust? Do you need a quick infusion of cash for an unanticipated expense like a car repair or to pay for a divorce?
Gold and silver are easy to convert and you’ve got lots of ways to do it to give you the financial boost you need. But you still need to know what you’re doing to get the most bang for your gold bucks.
We’ve done the digging for you and here’s why we think you should look no further than Cash for Gold USA.
An Overview of Cash for Gold USA and How It Works
This family-owned, online buyer of precious metals and diamonds pioneered the industry as the first to market in 2004 and has developed a seamless experience backed by close to 300,000 successful transactions.
If you’ve got gold, silver, or diamonds to sell, you’re going to love how Cash for Gold USA operates. In a crowded and competitive field (chock full of scammers), we think it’s the best in the business for several reasons.
Here’s how it works:
- Request free shipping. Complete your initial paperwork and choose how you want to send your items to Cash for Gold USA.
- Send your items. You can track your shipment via USPS or FedEx. Each FedEx shipment is tracked and insured up to $5,000. Additional insurance is also available for items valued at up to $100,000.
- Get paid. When your items arrive, they will be appraised within 24 hours and you will be sent an offer. If you accept, Cash for Gold USA will send payment to you by check, bank wire or PayPal.
Here’s What You Can Sell to Cash for Gold USA
Cash for Gold USA and their sister sites Cash for Silver USA, Cash for Diamonds USA, and Cash for Dental Scrap accept most all forms of precious metals and gems, and jewelry.
This includes gold, silver palladium and platinum in bars, coins, rounds, and gold and silver crowns, and dental appliances with precious or semi-precious metals. Jewelry in the form of earrings, broaches, necklaces, pendants, rings, watches, bands and just about any other form of wearable valuables are also considered for purchase.
Your jewelry doesn’t even need to be in good condition. Cash for Gold USA will accept broken or tarnished pieces in purities of karats from 8k all the way up to 24k gold.
One limitation is that these sites only accepts diamonds, but no other gemstones.
Yes, You Can Trust Cash for Gold USA
The site has paid out more than $54 million since it launched and has a track record of close to 300,000 satisfied customers.
If you’re not pleased in any way with your experience (perhaps because you think you weren’t paid enough) then you can get your pieces back in 10 days with no questions asked. Cash for Gold USA will even pay the shipping to send your items back to you.
President Norm Schneider’s philosophy is simple. Cash for Gold believes it is more important to make a customer happy than to turn a profit.
That may sound a bit odd, but when it comes to selling gold online, Norm and his team have learned that a customer is more likely to return several times and tell others if they’ve had a great experience. Cash for Gold USA does a lot of repeat business and a lot of referral business as a result.
Adding to their credibility, the company has a 5-Star rating with Shopper Approved and has been named an Inc. 500 company.
Some Things That Set Cash for Gold USA Apart from Other Online Dealers
Customers often cite high payouts and a great response from customer service as notable differences from other competitors. In fact, Cash for Gold USA has a guaranteed price payout. They will match any competitor’s offer, meaning their payouts can’t be beat.
As a pioneer in the online gold buying space, few others can match a track record of almost 300,000 transactions and more than $53 million in payouts.
Cash for Gold USA has an in-house diamond appraiser, so it can offer more accurate and better returns on diamonds than standard gold brokers.
Most important, Cash for Gold USA strives to make every transaction a zero-hassle transaction. That’s why there’s no obligation to get a quote, free shipping and appraisals, and a free 100% Satisfaction Guarantee if a customer is not happy with what they have been offered.
Cash for Gold USA FAQs
How much does Cash for Gold pay?
Cash for Gold USA pays as much as three times more than many competitors, a fact backed by an undercover news media investigation a few years back.
Because the price of gold is always fluctuating, the amount that Cash for Gold USA pays will rise and fall, depending on market conditions. Spot prices for each commodity determine what price you can lock in. Those spot prices change several times a day.
The spot gold price is the price that gold will sell for today…on the spot. This price changes daily and is the standard used by dealers to set their prices to buy from consumers.
It is the current price that one troy ounce of gold can be bought or sold based on an unfabricated form of gold. Unfabricated means the gold is in a raw form before it is struck as a coin or poured into a bar.
You will receive the “melt price” for gold that you sell. This means you will get the amount that the gold would be valued at if it were melted down into an unrecognizable form, minus Cash for Gold USA’s overhead costs.
Market speculation, current events, supply and demand and other factors influence the spot price of gold.
As an added incentive, Cash for Gold USA pays a 10% bonus above their estimate if you ship your item within 7 days.
Can I sell diamonds to Cash for Gold USA
You can sell diamonds through the Cash for Gold USA site, or you can conduct your transaction through the Cash for Diamonds USA sister site instead.
An in-house certified GIA technician will appraise the diamonds, and you can sell stones that are either certified or uncertified. Appraisals are based on the 4Cs: Cut, Clarity, Color and Carat Weight. The site buys diamonds only. You can’t sell other precious stones such as emeralds, rubies, or sapphires.
When you send diamonds insurance for your shipment is available up to $100,000 with prior arrangements.
How about selling silver or other precious metals?
Cash for Gold USA has a companion site Cash for Silver USA. The process is essentially the same, except the silver site uses FedEx Ground for shipping instead of FedEx Express shipping because silver items tend to be bulkier and weigh more.
Like the gold site, the silver site accepts virtually all types of silver, including antiques, sterling silver cutlery, coins and more. There tends to be less emphasis on silver jewelry. If you have questions about what the site will buy, reach out to their experienced customer service team.
You can also sell platinum and palladium material as well.
How do I know my material is safe and secure in the shipping process?
You can request a free shipping label and Cash for Gold USA will email you a prepaid FedEx shipping label within 24 hours. The cost of shipping is covered and each package is ensured based on a customer’s estimated value, taking the worry out of the process.
All Cash for Gold USA packages are tracked through the SAFEPAK system with all packages assigned a unique tracking number. The SAFEPAK system was designed specifically to keep materials safe and secure through the entire shipping process. Cash for Gold USA has never lost or had a SAFEPAK stolen.
The SAFEPAK tracking system lets customers track their shipments every step of the way until it arrives at the Cash for Gold USA facility. As soon as your package arrives, you will be notified to confirm it was delivered, Also, when it arrives, in-house security measures, including the use of closed-circuit security cameras, continue to safeguard all packages.
What do customers have to say about their experience with Cash for Gold USA?
Based on more than 200 reviews, Cash for Gold USA has received a 5 star (out of 5 stars) rating from the customer review site Shopper Approved. Cash for Gold USA is also a member in good standing with the Better Business Bureau and the International Precious metal Institute.
Here’s what some recent satisfied customers had to say about their Cash for Gold USA experience.
Can I get a ballpark estimate on what my gold might be worth before I submit it to Cash for Gold USA?
Yes. As long as you know the weight and the purity, you can get an estimate using the site’s Gold Calculator.
To access the calculator, go to Cash for Gold USA and scroll down until you see the calculator on the right side of the page.
Also, remember that you can submit your gold and you will be quoted a firm price which you can either decide to accept or decline. If you pass on Cash for Gold USA’s offer, your gold will be mailed back to you at no cost to you.
Is Cash for Gold USA legitimate?
Yes. With a track record of almost 300,000 transactions over 15 years in business, Cash for Gold USA has built a well-deserved reputation in the online gold buying industry.
Other online dealers, some with similar names, have taken advantage of customers and tarnished the overall reputation of online precious metal buying services.
But if you do your homework, you’ll see that Cash for Gold USA has worked hard to grow and maintain a position as the world’s premier online gold, silver and diamond buying service.