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Advice on Dollars4Gold and Selling Your Gold for Cash

Jul 20th, 2009 | By alex | Category: Financial

I am considering selling my gold through one of those companies that offer to buy my gold via gold mailers and envelopes. One service I am considering is Dollars4Gold. Could you tell me more about Dollars4Gold?

We are glad you asked and we are happy to help. Dollars4Gold is one of the leading companies dealing with buying gold from consumers through the mail. In fact, Dollars4Gold is the only publicly traded company that deals in the gold selling and buying sector. When selling your gold to Dollars 4 Gold, with regard to sending them your gold, you have two options. Option one for sending your gold to Dollars4Gold is to request a G-Pack which will be a pre-addressed, postage-paid envelope with instructions for mailing which you will receive in 3-5 days upon request. Option two for sending your gold to Dollars4Gold is to print out a pre-paid USPS mailing label with inventory sheet so that you can prepare you package and send it in without waiting. Another impressive aspect of the Dollars4Gold process is that they automatically insure your packages for up to $500 which is much more than the industry standard.

Once Dollars4Gold receives your gold, precious metals, and unwanted jewelry that you want to sell, they will analyze your gold for weight and purity in a process that is non destructive in case you want your gold and jewelry returned. Dollars4Gold then calculates their payment to you and sends you a check immediately. If you are satisfied with the amount of the check payment, cash the check and the transaction is complete with Dollars 4 Gold. Should you not be satisfied with the check amount, simply send the check back to Dollars4Gold within 10 days and they will return the gold and jewelry that you sent to them within 15 days. Your satisfaction is 100% guaranteed with Dollars4Gold.

Dollars 4 Gold is an BBB Better Business Bureau accredited business and a member of the Jewelers Vigilance Committee.

In general, what are my steps and options for selling my gold or precious jewelry?

Before you start getting your gold and precious metals appraised and get offers for selling it, you should take a full inventory of it. Take pictures and documentation of everything so you have records. All these things can help you get the best prices for your gold and precious jewelry especially if they can be resold in their condition.

The next step is to research the gold market so you know about the current gold prices. You can find much of this information on different websites on the internet. Now you are more informed about the market, have an inventory of your gold and precious metals, and are ready to start getting offers and appraisals.

There are many options for selling your gold. The first option is jewelry stores and antique shops especially if your jewelry and gold is in a good condition, has good craftsmanship, and can be resold by those stores. If you certificates and documentation for your gold and jewelry, you can also get a better offer and price for selling your gold. You should deal with jewelry and antique stores that are affiliated with or part of a trade organization to ensure that the store had strong standards for ethics,
professionalism, and customer service.

Another option that you can consider is selling your unwanted gold and precious jewelry is selling in live or online auctions. It does take some expertise, knowledge, and experience to conduct these auctions and get good prices for your gold or jewelry. It also takes a bit of luck to get a few people bidding against each other to get you a great sale price for your unwanted gold or precious jewelry.

The last and probably most convenient option is to sell your gold online or through the mail. These gold buyers often advertise on television or the internet so you may have seen them around. They offer convenient mailer envelopes which you mail back with your unwanted gold and jewelry, and then they send you a check for your gold. If you are interested in this convenient option for selling you gold, continue reading for good practices to consider for getting the best deal for your gold and protecting yourself.

Do you have any general advice regarding selling my gold through gold mailers and envelopes?

Since there are so many gold buying companies these days offering gold mailers and envelopes for buying your unwanted gold, precious metals, or jewelry. You will see many of these advertised on television or on the internet, but some of the consumers of these companies have complained to the BBB Better Business Bureau which oversees customer service, customer satisfaction, and good business practices in many cases.

The BBB advises that consumers do their homework and research each services to be considering before choosing a gold buying service that best fits your needs. Look at each of the gold buying service’s websites, find their contact information, and ask their customer service representatives your questions. Find their rating with the BBB and make sure that they have an A rating, since the BBB’s purpose is to help consumers make better decisions regarding getting the service and satisfaction they seek.

When you pick a gold buying company, be sure to choose companies that offer you a free gold mailing kit and ones that offer insurance, postage, and tracking for your packages. You should choose these to ensure that your gold and precious metals get to the gold guys without any trouble. Ask the gold buying company’s customer service representative about all these issues if you have any concerns. Also, be sure to pick a gold selling company that will guarantee getting your gold, jewelry, or precious metal back should you not be satisfied with the payment check they send you.

Research, knowledge, and informed decisions are the key. Do your research and gather information as well as ask other friends and family who have gone through the gold selling process for their experiences and advice. Some of the most popular, oft used, and well trusted gold sellers that deal with gold envelopes and mailers are Cash 4 Gold cash4gold, US Gold Buyers usgoldbuyers, Dollars 4 Gold dollars4gold, and My Gold Envelope mygoldenvelope.

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