UPDATE: Cash4Gold Offers Blogger $3,000 To Remove Negative Post
Rob at Cockeyed.com saw a late night commercial for Cash4Gold (“Sell your jewelry NOW!”), so he decided to test their service. His friend Brent gathered up some scrap gold and first had it appraised at a local pawn shop. Then, armed with a baseline of what to expect, he mailed it in to Cash4Gold. Their offer: $60, or one third of the appraised value. When he called and rejected it, they countered with a surprising new figure.
Brent called Cash4Gold and immediately and asked for his stuff back. They made a new offer on the phone: $178!
Can you imagine? They covered their smell a little by suggesting that they could manipulate the numbers on their end so that it would look as though he sent in more than he had….suggesting that they were doing HIM a favor by upping his offer to this new, more attractive number.
The two things to remember if you send in your gold to Cash4Gold:
- Get your gold appraised first so you know what’s fair, and reject any unreasonably low offer over the phone so that they have the option of making a counter offer;
- Do not use their “FAST CASH” option, which offers a direct deposit into your bank account, but forces you to accept their first offer. You will almost certainly be paid a fraction of what your gold is worth.
“Cash4Gold Will Offer One-Third of the Actual Value for your Gold “ [Cockeyed.com] (Thanks to Michael!)
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DO NOT SEND THEM YOUR GOLD. THEY WILL RIP YOU OFF. THEY STOLE 3.2 OUNCES OF 14K GOLD FROM ME. AFTER 20 + PHONE CALLS WHICH THEY NEVER PICK UP AND PHONE MAIL BOX IS FULL. I DID MY OWN INVESTIGATION. THEY HAVE MANY MANY COMPLAINTS. CALL THE FLORIDA STATE ATTORNEY GENERAL AND VERIFY MY STATEMENT. MOST OF THE POSITIVE STATEMENTS THAT YOU READ ARE FROM CASH4GOLD COMPANY. THIS IS THE MISINFORMATION THAT THEY PUT OUT THERE. THEY ARE UNDER INVESTIGATION FROM THE FTC (FEDERAL TRADE COMMISSION) AND THE FLORIDA STATE ATTORNEY GENERAL
When no one was looking, I took all my scrap gold and threw it in the dumpster. No one is going to take advantage of me having to walk all the way to the mailbox just to send off some useless gold.
This reminds me of the ‘bring in your coins’ to Wal-Mart machine that takes a percentage to sort your change. Of course it’s ripping you off, but as stated previously, it’s a service that some will just take advantage of. I do like their marketing: ,”I just took all of my ‘old’ [insinuate worthless] gold and got rid of it [like the plague].” That is genius.
“Scrap gold” is another term for gold that has been stolen and which you don’t want the locals to know about. Pawn shops, at least here in Washington State, are required to keep thorough records to allow the police to track down stolen items. And smart victims and police check eBay listings and Craigslist ads to see if their stolen property gets advertised. So, getting 33 cents on the dollar is still a good return for fenced goods.
mY SON SENT IN TO CASH FOR GOLD AND HE COLLECTS JEWLERY AND DECIDED TO SEND IN TO THIS AND GOT A WHOPPING 7.64 HE CALLED THEM AND THEY TRIED TO TELL HIM NONE OF IT WAS REAL. HE GOT THIS JEWLERY FROM JEWLERY STORES LIKE ZALES. CASH FOR GOLD TRIED TO TELLHIM IT WASN’T REAL. SO HE DEMANDED HIS JEWLERY BACK. AND SENT THEM THERE MEASLY LITTLE 7 $7.64.
a friend of mine sent in her high school senior ring a while back. She got a check for 10 cents back! a huge $.10 for a ring that probably costs around $300.
Enter text… I have not used Cash4Gold, nor will I. All of negative comments I have read about it on the various consumer websites and the fact that the Better Business Bureau does not approve them have strongly influenced me. I did use Cash for Gold USA. They have the BBB stamp. There are many positive comments about them on the Internet. I sent in a ring to them by registered mail. They sent me a check for it. I was not satisfied with the price they offered.
I should have done more research to find out their prices. Anyway, I called them and told them the price was too low. They offered me more, but the price was still lower than I wanted. They then gave me instructions on how to return the check. I sent the check back using certified mail. They sent my ring back within a week. They sent it by certified mail. I found them to be very professional. If I were hurting for money, I probablyi would have accepted their second offer.