You’ve Seen the TV ad’s, “get dollars for your gold” or “Cash 4 Gold”, usually some celebrity is the star, maybe an 80’s rap star with a gold chain? Who Know’s what we’ll see next, but the thing we do know is that there is a lot of cash for gold companies operating not only locally but offering mail-in services.
You may have heard horror stories about mail in gold companies not sending payments or they do send payments but when they do it’s a very low offer, sometimes 15-20% of the gold’s value. But did you know that selling gold by mail can actually be a very safe way to turn your unwanted gold into cash at a fair rate without having to leave your home and visit a seedy pawn shop.
Here’s a few simple things to keep in mind when selling gold via mail.
Problem 1. Avoid FALSE Insurance Claims: Most gold companies offer to send you an ensured package to ship your gold in,insured up to $500 or something like that. The problem is that most of the time they are talking about insurance provided by the carrier company. For example they might say insured by FedEx up to $500. Did you know that the base insurance offered by most carriers actually disallows claims on precious metals? That’s right, you wouldn’t be able to claim anything because you sent gold.
The solution is to use a company with real insurance that you can actually claim. Just in case the carrier does misplace your gold although I have never seen it happen, not even once it’s still a good idea. The mail in service I’ve launched offers insurance through a third-party provider called Parcel Pro, the insurance specifically covers precious metals. It’s good to see that a Few of our better competitors are using Parcel Pro now, however most are not. Through parcel pro our service will allow to select how much insurance you want, you’re not just limited to $500 or $1000.
Problem 2. Claims of Paying 100% Of Gold Value: A Real Trend I’ve noticed lately is mail in gold companies making claims that they pay 100% of the value for 24K gold. I was curious how they were feeding their families if they were breaking even or losing money? It turns out they are not starving at all:) What I discovered was that while they do pay 100% supposedly for 24K gold, almost no one sends in just 24K gold. It’s a trick to make the consumer think they are getting most value for their gold. Almost no gold jewelry is made of 24K gold, all the other karats which is what you’ll likely send they will give you a very low offer on all the while making you think you’re getting 100%.
Our Mail In Service pays fair rates, that are sustainable to us as a business. When you send you gold to us, we’ll test it and send you a very fair offer which we guarantee you’ll be happy with. There are others online that have taking a fair approach when delivering value for gold, but you really need to search them out.
Problem 3 Claims of BBB Accreditation: It has come to my attention that many companies online that buy gold are claiming they are BBB accredited when they are NOT.
Solution to this is to not put much stock in a companies BBB accreditation but rather their overall rating with the BBB and do they frequents complaints filed against them. Aaron Buys Gold at the time of writing has an A- Rating with the BBB with no complaints file. Use a company that is at least rated A- or higher with their local BBB.
Those are the three major issues I’ve seen with online gold buyers. Hopefully this will help you in choosing a company to send your gold to online. Selling gold via mail can be a safe, enjoyable experience as long as you’re careful.
There are a few companies online that are a great way to sell your gold via mail. If your interested in our mail in service, you can visit our mail in page here on this site. Have a great day!