Cash for gold scams seem to be more and more prevalent.  The internet and television is saturated with money for gold commercials claiming that they will send you everything you need and all you have to do is put your unwanted gold jewelry in the insured, prepaid envelope and within a few weeks you will have a check for you gold.  This might sound too good to be true.  Well, after some investigation by Fox News and some other media agencies they have found that it basically is just that, too good to be true.

So, why you may be asking are they claiming that they are going to be giving you the best money for your old and used gold and they just are not.  The fact of the matter is that they are claiming that they are doing you a service and because they are making your life easier by sending you the envelope and basically doing all of the work for you, that they cannot afford you give you top dollar.  They say they are saving you gas money and saving you the trouble of going to the store yourself.

When you put your necklace in the bag and mail it away to a place that is a cash for gold scam they will most likely send you ¼ of what you should be getting for your gold.  That may not sound like a lot, but think of it this way.  If you have $400 worth of unwanted gold jewelry, you may only be getting $100 or even less for it!

Do yourself a favor and do not fall for these unscrupulous dealers.  You’re best to stick to dealing with someone face to face, avoiding pawn dealers and get yourself to a jewelry store or reputable second hand gold dealer with your unwanted gold and get the money you deserve.  The cash for gold insider has a few recommendations; if you do decide to go the online route make sure the company has a phone number listed and call them, ask them a few questions like what happens if I’m not happy with your price?  Make sure they list their prices in grams and not pennyweight and have a good idea on the weight and karat of the items you’re sending, this way they’ll be no surprises when you get your payment.