There are hundreds of sites that buy gold for cash, but they differ in how they operate, how quickly they respond, how much they pay and whether or not they offer a guarantee. Our goal is to provide a reliable source for information about where to go to sell your gold--and to seek out the best gold buyers on the Internet. Following are reviews of what are, in our opinion, the best gold buyers in the business.
Cash4Gold is one of the all-time big boys in the gold buying business. They've teamed up with superstar MC Hammer, who appeared in their fabulous Superbowl ad with Ed McMahon-and if you can't trust Hammer and Ed, who can you trust? In their latest TV spot, Hammer gives you the lowdown on their latest promotion, a chance to win $2,500, and a shot at appearing in a commercial spot with Hammer himself.
Cash4Gold is one of the oldest and most reputable gold buyers around, and the first to comply with new state laws. In June 2009, the state of Florida passed legislation regulating the mail-in gold buying industry, and in fact, Cash4Gold worked directly with legislators to craft the bill's language. The new statute requires gold buying companies to keep more detailed records, including digital photos of each item, and also requires that gold buyers work closely with law enforcement. We have an enormous amount of respect for any company that steps up to the plate to not only comply with legislation, but to even help create new laws that will regulate the industry.
Cash4Gold works the way most others do, you request a special secure envelope, send it back, and you get a check. It's that simple. But although the process is the same, it's their integrity that makes them stand out from the pack. They're the industry leader, they provide excellent buy prices, and you have reassurance that your transaction is safe.
Cash4Gold has a 110 percent price match guarantee, which says that if you get a better offer from another mail-in gold buyer within 30 days, they will match the offer and give you a ten percent bonus as well.
Once your gold is received, each item is itemized and photographed, tested for gold content, and then a payment is calculated based on the day's price for gold. You are then sent a check the same day. Cash4Gold operates their own refinery, so there is no third party involved.
And if you're in a big hurry for your cash, there's no buyer better than Cash4Gold. Sure, your check will go out the same day as your gold is evaluated, and the mail will get it to your front door in two or three days, depending on the efficiency of the post office-but if you absolutely, positively need the money NOW, you can take advantage of Cash4Gold's "FastCash" deal, which direct-deposits your money directly into your checking account.
We especially like the fact that Cash4Gold are just all-around good guys-and we were impressed when they teamed up with Hollywood celebrities to raise money to help out in the relief efforts in Haiti after the devastating earthquake. In the fun event, in the run-up to the Golden Globe awards, Cash4Gold invited celebrities to play a coin toss game, where fake gold coins were tossed into a smoking cauldron-with each coin that made it into the pot meaning money for the Red Cross relief effort. Good guys and good prices for your scrap gold! You gotta love these guys.
