What to expect when you sell by mail.
I have put in a lot of time to find the best places to sell gold and silver. There is no one place that is best. I sell silver and gold to different places depending on what it is I have to sell. Most places I sell to will not buy from private parties, you must be licensed to sell to them. The first thing I learned is although many places advertise they pay 95-98%, none do. There are always reasons that you will not get as much as you expected. The following are excuses that have been used on me.
1. The jewelry business is not regulated very well, just because something is marked 14K does not mean it is 14K.
2. Many times it has less gold and will test at a lower karat.
3. If jewelry has been repaired sometimes unscrupulous jewelers use lower karat gold.
4. During the refining process some gold will be lost.
Many places offer free shipping. Look closely at this because if you order is too small you pay shipping and insurance. My customers at Reno Gold Buyers get more or the same price from me than they would from the send by mail places, but they have none of the hassles.
I have found that with most mail order places, all said and done, the payout is between 65% and 75%. Unless you are unfortunate enough to deal with one of the really bad places, and get much less. I do not recommend you sell gold by mail. If you are near the Reno, Nevada vicinity, stop in at 412 North McCarran Blvd Sparks, NV 89431. We are open Monday - Saturday from 9 AM - 6 PM. I will give you a honest price and pay cash, if you accept my offer. I am also open to do home appointments if you are concerned about hauling around your valuables. For more details on home appointments call the at shop 775 358-9432 or my cell 775 338-4767.
Try a Google search on cash4gold scam, or check out these links.
Cash4Gold Will Offer One-Third of the Actual Value for your Gold
Cash 4 Gold: Scam! Real Tips for Selling Your Gold Jewelry