Selling Gold, Silver, Diamonds & Jewelry

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By Amber Ortega on February 26, 2009

Have you seen those commercials for Cash 4 Gold and wonder what it was all about? Cash 4 Gold allows you to turn scrap gold, silver and platinum into money.  The scrap metals can be from anything including jewelry.  Broken necklaces, mix-matched earrings and old rings are able to turned into money instead of sitting in a drawer.  Cash 4 Gold only purchases second-hand jewelry for refining.  They do not accept or pay for gemstones.

In order to receive cash for the scrap metal you must be at least 21 years of age.  You must be the actual owner of the jewelry, if the ownership is questioned, Cash 4 Gold may request documentation to verify ownership.  You must request a Refiners Return Kit by filling out a simple form.  You will receive a postage paid envelope to place your unwanted jewelry in.  Place any unwanted gold, silver or platinum in the envelope and return to Cash 4 Gold.  The envelope you are sent contains a customer tracking number that allows Cash 4 Gold to track who sent what package.  When your package is received, your customer tracking number is verified and the materials sent in are weighed.  After the weight has been recorded, the materials are tested and assessed for precious metal content.  Based on the amount and quality of metal sent in, a cash value will be determined.  At this point, either a check will be issued or the money may be deposited via their Fast Cash program.

The Fast Cash program can only be used if the settlement is over $20.  Any settlement under $20 will automatically be sent out by check.  When using Fast Cash, a $4.99 processing fee is charged and the remainder is deposited into your checking account.  When using Fast Cash, you agree to waive the 10-day return policy for materials. For those requesting a check, the return policy allows you to change your mind if you do not agree with the amount of payment you received.  You must contact Cash 4 Gold immediately and notify them you will be returning the check.  When the check is received at the processing center the materials will be returned to you.

When questioning the value of your jewelry, it is important to keep a few things in mind.  When sending in unwanted jewelry, the price will not reflect the retail value.  The price you will be given is based solely on its melt value.  When taking a piece of jewelry to a jeweler, you may receive a higher offer, although you must beware this may only used for a trade-in value.  Sellers are warned to be sure they are clear as to what the offer entails.  Remember that although you have a fine piece of jewelry, the value has depreciated.  Even a piece of jewelry from Tiffany depreciates after it is worn.  Although a piece of jewelry may be stamped that it is 14K or 24K gold, although it may actually be 10K.  It is common for this to happen with street vendors and online auctions, because their intentions are to make you believe you are buying a higher-quality piece of jewelry.

Cash 4 Gold has completed over 700,000 transactions since it was founded in 2001.  There is a very high number of successful transactions, with 94 percent accepting the offer that has been made for their jewelry.

Reader Comments

  1. Sell Gold Jewellery, 10 Ways to Do It March 19, 2009 - 10:06 pm

    [...] Selling Gold, Silver, Diamonds & Jewelry [...]

  2. Sell gold April 12, 2009 - 1:54 am

    We also offer video services in which we videotape the moment of opening the package and so both gold buyer and gold seller are protected.

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