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My Experience of “Cash For Gold”

September 9th, 2009

For our experiment we used “Dollars For Gold” they are quite well known from their TV ad campaign.

First of all I requested a G-Pak by filling out the form on their website, It arrived in the post 2 days later. Inside the G-Pak was some information about selling gold, a plastic resealable bag for the gold jewelry and an insured free post envelope.

I took these two photographs of the chain I wanted to sell, just in case it got lost or mixed up with someone elses.

I have had this chain for ages and it seemed heavy so it would hopefully be worth something.

The chain weighed in at 15 grams and is stamped 9 carot, so should be worth approx $200

Next day I packed everything into the insured envelope and got it posted to dollars for gold.

About 1 week later  I got a check made out for $182.16 but I figured I could do better!

One 5 minute phone call later and I way able to squeeze an extra $40 from them.

If you have a cash for gold story please post it below:

>> Sell Your Unwanted Gold Now @ Dollars For Gold <<

Cash For Gold Scam

April 22nd, 2010

Is Cash For Gold A Scam?

No, It’s only a scam if you give away your gold for next to nothing!

Online cash for gold companies will send out a check within a few days of posting off your gold, most people don’t realize they can haggle to increase the size of that check.  If you call them up and act nicely they will almost definitely be willing to increase your payout, a 5 minute phone call and you can squeeze out an extra few dollars profit.

Now unfortunately there are some unscrupulous merchants out there in the world but it is no different than any other way of buying or selling, you  just have to know how to protect yourself.  Follow these easy steps to make sure you aren’t scammed out of your gold:

  • Only deal with reputable dealers
  • Only post off your gold in an insured bag
  • Before you send off your unwanted jewelery photograph it or video yourself placing your gold into the bag and sealing it
  • Make sure the company is easy to contact

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