What You Should Know
What You Should Know About Your Gold
So you’ve decided to send your jewelry to Cash4Gold. Here are a few things to keep in mind when setting expectations for payment:
1. Cash4Gold payments don’t reflect retail value.
- The price paid for a piece of jewelry in a store does not equal the actual value of the gold it contains.
- Retailers mark up prices by three, 10 and even 20 times their actual worth.
- Even the price of a piece of jewelry bought on sale from a retailer is usually far more than the intrinsic value of the metal.
2. Insurance appraisals are for “retail replacement value.”
- An insurance appraisal of your jewelry does not equal the value of the gold.
- Insurance appraisals set the cost to replace a lost or stolen piece at retail value.
- The fine print of most insurance appraisals say, “Not an offer to buy”.
3. Jewelers use appraisals as marketing tools.
- Jewelers may offer more for your items, but that may be for trade-in only.
- You would be getting “more” for your jewelry, but only in exchange for another item marked up by the seller.
4. Not all engravings are accurate.
- Cash4Gold uses state-of-the art machines to test all gold we receive.
- The engravings found on most jewelry indicate its karat – or gold purity level.
- Not all engravings are correct.
- Most countries do not require an independent third party to verify jewelry’s gold content.
- Some unscrupulous dealers stamp jewelry incorrectly to misrepresent the quality and to make customers think they are getting a good deal.
Cash4Gold is not for everyone—but its combination of ease of use, speed, security and confidentiality make it the right choice for many.
Simply fill out the form to the right to get your FREE Jewelry Return Pack.