Cash for Gold USA Reviews

Cash for Gold USA is a large buyer of gold, silver, platinum and diamonds. Headquartered in Canton, MA, the company was founded in 2005 and pioneered the mail-in gold-buying process.

Cash for Gold USA aims to simplify the gold-selling process, with free appraisal kits and quick turnaround times on offers. The company aims to get your offer to you within 24 hours of receiving your items, and you can receive your payment in several ways.

Cash for Gold USA follows a very simple process:

• Request an appraisal kit: To get started, customers can fill out the form on the Cash for Gold USA website. After entering your details and choosing your shipping method, your appraisal kit will be mailed to you.
• Mail your items: After receiving the kit, pack up your items in the supplied mailing envelope, seal it and send it back to Cash for Gold USA. Each package is fully insured.
• Receive your offer: Cash for Gold USA will appraise your items and send you an offer within 24 hours of receiving them.
• Accept or reject the offer: If you accept the offer, your payment will be processed the same day (if you accept before 3 p.m. Eastern) or the following business day (for offers accepted after 3 p.m. Eastern). If you reject the offer, your items will be returned free of charge.

Cash for Gold USA offers a choice of two free, insured shipping methods:

• USPS: You’ll receive a prepaid Safepak mailer insured for up to $1,000
• FedEx: You’ll receive a prepaid FedEx envelope insured for up to $5,000

If you need more insurance, you can contact Cash for Gold USA to request it. Up to $100,000 of insurance is available.

Customers can also opt to use their own packaging, although Cash for Gold USA recommends against it (likely due to liability concerns). If you do want to use your own shipping method, it’s highly recommended that you fully insure the package.

Cash for Gold USA doesn’t sell anything. It does, however, buy several different precious metals (any item containing gold, silver or platinum), along with diamonds and Rolex watches. Here’s a rundown of the different types of jewelry and items Cash for Gold USA buys:

• Anklets
• Bracelets
• Brooches
• Chains
• Charms
• Gold and silver coins
• Gold or silver dental scraps
• Earrings
• Ingots (a block, usually oblong, of silver, gold, steel or other metal)
• Necklaces
• Nuggets
• Rings
• Watches and watch bands
• Gold or platinum wire
• Sterling silver flatware and serving pieces

Cash for Gold USA accepts all karats of gold: 8K, 9K, 10K, 14K, 18K, 22K and 24K.

If you’re unsure about an item, you can contact the company for verification either by emailing images or calling customer service.

Cash for Gold USA’s services are free. There’s no cost for the appraisal kit, appraisal process, shipping, insurance and return shipping if you reject your offer.

In terms of what Cash for Gold USA pays, this information is not available on the company’s website. That said, the company does outline how it determines gold value: by taking the current gold price, multiplying by the weight of gold in the item and then multiplying by the purity of the gold. You can find the current gold price on the company’s website.

Diamond value is based on the color, cut, clarity and carat of the diamond.

You have a choice of several payment methods for your payout:

• Direct deposit
• PayPal
• Virtual Visa credit card (a digital version of a credit card)
• Print-at-home check
• Check mailed via overnight FedEx
• Check sent via USPS First Class mail

Customers are responsible for paying shipping on the various mail options available, as well as PayPal fees.

Yes, Cash for Gold USA is a legit gold buyer. The company has been in business for nearly 20 years and claims to have paid out over $150 million to tens of thousands of customers in that time. All shipments are fully insured. Additionally, its experts are certified by the GIA (Gemological Institute of America).