Buy Gold and Silver How to Buy Gold How to Buy Silver Gold Commentary


Monday, May 26, 2008

GoldKit

Read about Gold Kit, the scrap gold dealers and find out more about them before you send them your scrap gold. Before you sell scrap gold or other precious metals or gold jewelry to any scrap gold dealer, it is a wise move to do some due diligence and find out as much about them as possible.

Who are GoldKit
Goldkit.com is owned by Lippincott, LLC. (www.lippincottllc.com) The president of which is David Taffet. It was established in March 1990 and so has been in operation for over 17 years.

Gold Kit are based in Narberth in Pasadena, USA and also run three other websites, www.ThingsWeBuy.com, www.orokit.com, and www.recycleplatinum.com.

GoldKit Customer Service
GoldKit usually respond with payment within 7 days but do offer a 24 hour service. All services may be limited by FedEx and postal delays.

You can call during business hours and they also have email as well as phone contacts. They do not accept walk ins at the premises.

What GoldKit Buy
Gold Kit will buy the following scrap gold:
Broken or Single Earrings
Broken Chains
Bangles
Charms and Pendants
Class Ring
Foreign Gold Coins
Items with Removed Stones
Outdated Items
Pendants
Wedding Rings
Service Pins
Gold Casting
Other
How to Send Scrap Gold to GoldKit
It is easy to send scrap gold to GoldKit.
You simply apply for a GoldKit gold recycling pack. This is free and will be sent to you at the address you have provided in a standard business envelope. It includes three components:

  1. Your custom, bar-coded receipt form that tells GoldKit where to send your check and provides you with other useful information
  2. A thick (6mil) polymer bag to safely hold your scrap gold
  3. An envelope in which you can mail the receipt form and bag

All you need to do is fill out the form, put your gold items in the bag, put the form and bag in the envelope and put it in the mail. Postage and insurance are prepaid by GoldKit.

GoldKit Guaranty Against Loss and Limitations of Liability
If there is a loss of the contents of a GoldKit™ that you properly shipped to Lippincott in accordance with the instructions and procedures set forth on the GoldKit.com™ web site, Lippincott will guaranty you against such loss, subject to these terms and conditions:

  • Lippincott’s limit their liability under such loss guaranty to one-third (1/3) of the value of the lost contents or One Hundred ($100.00) Dollars, whichever is less.

If you think your gold, jewelry or other property is worth more than $100.00, it is recommended that you insure your shipment for more yourself, using any carrier you choose. Ensure that there is no reference to gold, scrap gold or any other precious metal on the envelope, however.

How do GoldKit Pay You
As soon as your scrap gold arrives at GoldKit, they will make an assessment of the value and will send out a check within 24 hours.

The assessment will depend upon:
  • Whether or not your items contain gold or other precious metals and gems
  • The purity of the gold or other precious metals and the quality of the gems
  • The weight of the gold, precious metals, and/or gems
The amount of your check will depend on this evaluation.

Remember, the scrap gold price GoldKit pays for your scrap gold does not reflect retail prices. It will, rather, reflect the price of the gold in the items. GoldKit state that they pay by weight, the more gold the more they will pay.

If for any reason you are not happy with their payment for your recycled gold material, you are invited to receive your material back insured at GoldKit's expense. They simply ask that you return their check pursuant to the terms of the GoldKit™ Guarantee.*

The Last Word on GoldKit
GoldKit are also members of the jewelersboard, jewelerssecurity, ipmi and jvclegal.

If you have sold any scrap gold, gold coins, gold jewelry or gold bullion to goldkit.com, please feel free to leave your feedback on the quality of service and payments given by goldkit.com online.

Wednesday, May 14, 2008

Get Gold Cash

Here you can read about scrap gold dealer, getgoldcash.com. Prior to selling any scrap gold or other precious metal or gold jewelry to any scrap gold dealer it is always a wise thing to do some due diligence and find out as much about them as possible.

Who are Get Gold Cash
In August 2006, Get Gold Cash, Inc. was formally chartered to begin online operations and their website was started in January 2008.

Craig R. Nusinov, who runs GetGoldCash, is a fourth generation precious metals buyer and jeweler, tracing his lineage directly to his paternal great grandfather who started the Maryland chartered corporation of the Nusinov Jewelry family in Baltimore, MD in 1923. Nusinov Jewelry is currently ran by Craig R. Nusinov.

Get Gold Cash are a national company. They service clients in all US states. Due to insurance regulations their offices are not open to the public. All their business is done by mail and phone.

How does Get Gold Cash Work
Get Gold Cash have a very easy and simple three step process. You simply request a "Get Gold Cash Recycle Pack" either online or by calling their toll free number and they will mail you a free pack.

The Get Gold Cash Recycle Pack includes a welcome and explanation letter, a brochure explaining how to send the items to them, a poly bag for your items, and a tear resistant Tyvek First Class Mail Envelope to put the items into. You will need to ensure you tear your Customer Information brochure as indicated to include your contact information with your items.

When you receive the "Get Gold Cash Recycle Pack," you simply place your scrap gold and other precious metals into the plastic poly bag that has your pre-printed label information. You then drop the bag in the envelop and mail it back to Get Gold Cash.

Always ensure you include not only your name, address and contact information but a complete description of the item or items you are including.

All Get Gold Cash Recycle Packs are insured for up to $500 USD against theft but if you believe your items are worth more than that, you will need to ring Get Gold Cash and arrange for pre-paid Fed Ex shipping, insurance cost is picked up by Get Gold Cash.

When the scrap gold or other items arrive at Get Gold Cash they are kept in their insured vault, under lock and key in their secured office premises.

What do Get Gold Cash Buy
www.getgoldcash buy all the usual scrap gold items as well as jewelry, gemstones and silver. Here is a list of the scrap gold and precious metals getgoldcash.com will buy.
Old scrap gold
Bent/Broken Jewelry
Unwanted Jewelry
Diamonds
Earrings
Bracelets
Cluster Rings
Class Rings
Platinum
Sterling Silver
Swiss Watches
Estate jewelry
Antique Items
Gold Pins/Brooches
Coins
Collectibles
Vintage Items
Dental Gold
Precious metals
10k, 14k, 16k, 18k, 22k, 24k Gold
They do not buy Rolled Gold Plate or Gold Filled Jewelry.

www.getgoldcash.com buy sterling silver jewelry marked 925, 950 or 999 fine silver. Also broken earrings, bracelets, chains, pendants, diamond jewelry, school rings, anklets, old ring mountings and more.

What do Get Gold Cash pay?
Get Gold Cash pay for gold on the pennyweight system. A Pennyweight is one twentieth of an ounce. The price will vary depending on the spot value of gold and will be just below the value of gold for that day. If you want to know what Get Gold cash will pay for your gold, ring them and ask for a quote prior to them sending you a check.

Get Gold Cash will price your scrap gold and jewelry on the basis of a number of factors including weight and desirability. As soon as your items arrive in their office they inspect and account for all metals, gold, silver, platinum etc, as well as any jewelry including diamonds.

For Diamonds over one half carat, Get Gold Cash price according to the Four C's: carat weight, color, clarity and cut. The return on diamonds is generally not very much, but this applies wherever you sell them. More information on diamonds is available at priceofdiamonds.org

www.getgoldcash.com do not make any charge for handling fees, shipping fees, assay fees or weight inspection fees. On customer packages with items that weigh in less than 5 pennyweights, Get Gold Cash use a competitive graduated scale to maintain the highest payouts.

Get Gold Cash Payment Options
Get Gold Cash's payment option is a check sent by return mail priority paid for your scrap gold and other items. For transactions over $2,500 USD, PayPal and direct deposit/wire are used.


The Last Word on Get Gold Cash
www.getgoldcash.com is a member of eTrust. They were certified in January 2008.

It is worth noting that Get Gold Cash has a policy on legal requirements. They state on their website, "We are registered with the State of Maryland as a Precious Metals Dealer. We abide by all local, State and Federal regulations, where applicable. We do not knowingly deal with criminals and we never have. We fully comply with all legal investigations. We strive to complete all transactions within the confines of normal business dealings. If we suspect something is not right about a deal, items will be immediately shipped back or turned over to the local enforcement authorities."

Get Gold Cash have a very close affiliation with Earthworks(tm), which is an environment lobby group in the United States which seeks to further prevent unlawful mining practices. In effect, Get Gold Cash are urban miners of gold and strive to pursue green policies which limit devastating environment impact.

If you have sold any scrap gold, gold coins, gold jewelry or gold bullion to getgoldcash.com, please feel free to leave your feedback on the quality of service and payments including any getgoldcash.com online complaints and special attention or service given by getgoldcash.com online.

Friday, May 9, 2008

US Gold Buyers

Here you can read all about USGoldBuyers.com, a scrap gold dealer. Before you sell any scrap gold or other precious metal or gold jewelry to any scrap gold dealer it is always a wise thing to do some due diligence and find out as much about them as possible.

Who are USGoldBuyers
USGoldBuyers started in July 2001. Anna Skvir is the Vice President of U.S. Gold Buyers, Inc. Between June 2004 and December 2005 changed from Windsor estates to goldbuyers Inc

USGoldBuyers.com are now a subsidiary of U.S. GoldBuyers, Inc. (New York based Corporation) and are located at 62 West 47th Street, New York NY, 10036.

How does US Gold Buyers Work
They operate very simply. Call them by phone and you can arrange a same day pick up of your scrap gold. When you enclose your gold in the envelope provided and include all your details, such as name, all contact details and a description of the scrap gold or other precious metal or jewelry.

US Gold Buyers will receive your gold the following day and will begin the process of testing and weighing to establish the value based on that days gold price.

A tracking receipt is left with you when you send off your gold so you can log in to the carrier or call them and find out the progress of your package.

All scrap gold packages received are opened and logged under camera security: Every transfer of scrap gold, silver and other valuables require a signature.

Prior to processing, all lots are weighed to verify the weight. Once processed, the gold, other precious metals, jewelry and so forth, then get re-weighed and recorded.


What do US Gold Buyers Buy
USGoldBuyers buy the usual scrap gold, other precious metals and jewelry. Here are is a basic list.
10k, 14k, 18k, 21k, 22k, 24k Gold
Platinum,
Bench Scrap
Credit Suisse and other gold bars
Diamonds
Flatware
Ingots
Palladium
Silver, Silverware, Sterling Silver
Used Jewelry,
Watches
Broken Jewelry
What does US Gold Buyers Pay
U.S. Gold Buyers state the company pays 96% of the spot price for five ounces or more and on a sliding scale for lower weights. You can overnight your scrap gold and jewelry and get a quote the following day. If you like the quote payment will be immediate, if not your items are returned at no extra charge.

USGoldBuyers Payment Options

All payments will be made within 24 hours of receipt of the merchandise. Will need to advise USGoldBuyers which method of payment you would like with the relevant details.
PayPal
Western Union
MoneyGram
Bank Wire ($2500 and above)
Company Check
All payments are based upon the amount and weight of precious metal in the material you send.

For 5 ounces and over, 96% of the spot gold price is paid. A sliding scale applies for amounts under 5 ounces.

USGoldBuyers Guarantee Against Loss
U.S,. Gold Buyers will guaranty against loss of the total contents which are shipped to them. U.S. Gold Buyers state their liability is limited to one-third (1/3) of the value of the total content, or One Hundred Dollars, whichever is less. If there is no original sales slip or appraisal, U.S. Gold Buyers liability will be limited to Thirty Three Dollars. If there is an original sales slip or appraisal, U.S. Gold Buyers liability will be limited to One Hundred Dollars as set forth herein above. However, this Guaranty shall apply only to merchandise which are shipped with one of the carriers that is used by U.S. Gold Buyers

The Last Word on USGoldBuyers
USGoldBuyers are registered with the Better Business Bureau and the New York City Dept of Consumer Affairs. They are associated with the National Assoc of Dental Labs, a JVC member since 2007 and registered with TRUSTe.

Here is a write up in the Wall Street Journal by a customer of USGoldBuyers.

"I went back to the Internet and found a gold broker in the heart of Manhattan's diamond district, U.S. Gold Buyers, which buys and refines precious metals. A customer-service representative said the company pays 96% of the spot price for five ounces or more and on a sliding scale for lower weights. …

Using the company's Federal Express account, I sent off the loot, and the next day a salesman called with a quote just as gold hit its new $949-an-ounce high. U.S. Gold Buyers' offer: $1,570.17. Sold. My check arrived the following Tuesday."

If you have sold any scrap gold, gold coins, gold jewelry or gold bullion to USGoldBuyers.com, please feel free to leave your feedback on the quality of service and payments including any USGoldBuyers.com online complaints and special attention or service given by USGoldBuyers.com online.

Friday, May 2, 2008

Midwest Refineries

Here is some information about Midwest Refineries, a scrap gold dealer and gold and precious metals refiner. Before you sell gold or any other precious metal or gold jewelry to a scrap gold dealer it is always wise to do your own due diligence to find out as much about them as possible.

Who are Midwest Refineries
Based in Waterford, Minnesota, USA, Midwest Refineries have been in business as a gold, platinum and silver scrap buyer, smelter and refiner since 1939. In April 1999, they set up their first web site and the contact point is Gary Frenkel who is, presumably the person in charge of this side of the Midwest Refinery business.

Midwest Refineries Customer Service

Midwest Refineries state there is no minimum amount of scrap gold, platinum and silver. No amount is too small or too large.

They also do not charge any scrap gold, silver and platinum refiners fees or refining charges, nor assay fees or treatment charges. There is also no inbound troy ounce weight charges on any gold, silver and platinum bearing precious metal material!

On the midwestrefineries.com website it states, "Our modern assay laboratory and our commitment to service, insures you will receive the highest settlements and returns for your gold materials. If you have not used Midwest Refineries before, we would welcome the opportunity to be of service to you as gold buyers, smelters and refiners. We are confident you will be satisfied with your gold transaction with us. We are proud of our reputation as gold refiners and will continue to service all our customers, large and small, with integrity and trust. We are never too busy to talk to you about your particular gold materials and how we may be of benefit to you."

They claim it is also not necessary to remove any enamel or cement from dental gold scrap. Remove all precious stones, diamonds gemstones that you DO want to keep, as any stones left in the karat gold jewelry scrap are vaporized in the melting process.

The turn around time is expected to be 3 to 5 working days.

What do Midwest Refineries Buy
Here is an extended list of the basic scrap gold and scrap silver Midwest Refineries will buy.
Gold
karat gold jewelry
gold class rings
gold bracelets
gold chain
gold earrings
gold wedding bands
gold dental crowns and bridgework
gold coins and bars
gold ingots
melted gold
gold wire
gold dust and sweeps
gold sheet,
casting gold and grain
gold watches
broken and unwanted gold scrap
gold nuggets
gold solder
gold sizing stock
gold alloys
gold sheet
gold screen and mesh
polishing and buffing dust
goldsmith's bench filings and sweeps
gold-filled scrap
gold bullion
placer gold
gold sponge
gold shot
gold findings
gold flake
Midwest refineries does not accept gold-plated material or gold electronic scrap.
Silver
sterling silver jewelry
silver rings
silver chain
silver bracelets
silver earrings
silver necklaces
sterling silver flatware and hollowware
silver flake from photo film recovery
electrolytic recovered silver
silver wire
silver sheet
silver mesh
silver tubing
mirror silver powders
antique silver items
coin silver
silver coins and bars
dental laboratory scraps and miscasts
silver dental crowns
silver inlays and caps
silver findings
Midwest Refineries also collect Platinum and other precious metals.

How to Sell Scrap Gold and Silver to Midwest Refineries

Package up your gold, silver or platinum in a sturdy container or box that will withstand any damage while being shipped. Strong tape is recommended to properly seal your shipment. Ship all precious metals with insurance (recommended) via the U.S. Post Office, UPS, Fed ex, or any shipper you choose.

Be sure to include all of your contact information including name, address, daytime phone number, any cell or mobile phone number and e-mail address if you have one. It is not necessary to list every item you are sending but it is advisable. Indicate the type of material you are sending, for example, 10K, 14K, sterling silver, platinum wire and the weight of your materials, if known. Also you should indicate the type of payment or settlement you want, be it cheque, bank wire or in kind (see Payment Options below). In addition, if you want a price before settlement, indicate that you want a call with the price first.

How Much Do Midwest Refineries Pay
Midwest Refineries claim they will pay 94 percent of the amount of pure gold contained in your order. Settlement is based on the market price on the day your order is completed and ready for settlement and there are no fees attached to that.

For silver, Midwest Refineries pays 88% of the amount of pure silver contained in your order for sterling silver (.925), like flatware and jewelry and photographic silver flake. Midwest Refineries pays 92% for pure silver (. 999) bars, and coins and 90% of the amount of pure silver contained in U.S. coin silver (90%).

Midwest Refineries Payment Options
Midwest Refineries will pay a settlement either by Cheque, bank wire or in gold, silver bars, coins and rounds and even all three or a combination of the three if desired. Make sure you state very clearly what type of settlement you want and be very specific, especially when it comes to bars and rounds.

Gold will attract a fee of 18 USD over what the current spot price is on pricing. Silver, a fee of 1.50USA over spot.

For platinum you will need to inquire on pricing.

The Last Word on Midwest Refineries
Smelting is the separation of precious metal from non-metallic impurities. This is a necessary activity to separate scrap gold and scrap silver from other metals such as in rings of a lower karat for example.

Midwest Refineries state they are committed in using the correct and accurate evaluation methods of all precious metal shipments from their customers.

Midwest refineries also state that their modern assay laboratory guarantees that all precious metals are tested using the most suitable methods of evaluation. Gold, silver, platinum, palladium and rhodium are assayed (determination of precious metal purity) in various ways to accurately and precisely evaluate each metal’s percentage of purity.

If you have sold any scrap gold, gold coins, gold jewelry or gold bullion to midwestrefineries.com, please feel free to leave your feedback on the quality of service and payments, including any midwestrefineries.com online complaints and special attention or service given by midwestrefineries.com online.

Wednesday, April 30, 2008

My Gold Party

Here is some information about My Gold Party, a, scrap gold dealer. Before you sell gold or any other precious metal or gold jewelry to a scrap gold dealer it is always wise to do your own due diligence to find out as much about them as possible.

Who are My Gold Party

Jonathan Thomas comes from a family of jewelers and, at the beginning of the year, he and his business partner January Thomas, launched My Gold Party.com, a company that helps arrange Tupperware-style parties for people keen to sell unwanted gold items. Business has been brisk, he says "They bring their gold and they can walk away with a check." My Gold Party is based in Saint Clair Shores, MI 48080.

This is a little different to the usual scrap gold dealer in that it is run on the "party system". People are probably more familiar with jewelry parties except in this case one is not buying, one is selling!

My Gold Party will buy the gold from you and it is sent to H & S Refinery for processing.

How My Gold Party Works
This is more of a business activity for someone who wishes to participate. Firstly you apply for a Kit, which will cost you around 700USD.

The My Gold Party Kit consists of a book with instructions, charts and so forth, a jewelers loupe to inspect the gold, A scale to weigh it and a machine to test and find out the karat of the gold.

The Gold Book goes into detail about running a scrap gold business. Basically you host gold parties. At the parties, using the scales, gold tester and loupe, you evaluate the value of the scrap gold offered to you and you offer a price to the person and pay them for the scrap gold.

Chapters in the book provided give an indication of the instructions provided.
About Gold Parties
Why Have a Gold Party
Getting Started
Preparing for the Event
What to Pay
The Gold Party
Turn Scrap Gold into Cash
Future Parties
You would also need to have some cash reserve so that you can pay people who sell you their scrap gold. It is advised that you pay the person 75% of the value of their scrap gold based on the days spot price. You keep 10 percent and My Gold Party and the refinery get to keep 15 percent.

As you are, in effect, running a business it is a good idea to consult with your accountant and financial advisor as to the regulations for running a business and the tax implications of that.

Of course, if you are not interested in running gold parties, you can simply send any unwanted scrap gold to mygoldparty.com directly for a check by return after the scrap gold has been assessed. To do that ensure that you get a price for the scrap gold first and send all your details with the gold by insured shipping.

What Scrap Gold do My Gold Party Buy
This scrap gold could be in the form of:
Rings
Any old scrap gold and scrap silver
Bent/Broken jewelry
Unwanted jewelry
Diamonds
Earrings
Bracelets
Pendants
Platinum
Sterling flatware
Gold Pins/Brooches
A helpful indicator with scrap gold in the form of jewelry is how they are often stamped.
10K Usually Stamped 10K or 417.
14K Usually Stamped 14K or 585.
18K Usually Stamped 18K or 750.
22K Usually stamped 22K or 916.
24K Usually stamped 24K.
My Gold Party Payment Options
mygoldparty.com accept the common standard credit cards, American Express, MasterCard™, Discover, and Visa

My Gold Party Returns Policy
My Gold Party will accept returns within 7 days of the date you received the order. They state they will refund the amount of your purchase for all items returned in their original condition. Shrink-wrapped items must be unopened with the shrink wrap intact. Include the original packing slip with your return so we can properly credit your original form of payment.

Last Word on My Gold Party
My Gold Party is a unique and novel approach to buying and selling scrap gold. It effectively makes YOU the dealer in scrap gold also.

If you have sold any scrap gold, gold coins, gold jewelry or gold bullion to mygoldparty.com, please feel free to leave your feedback on the quality of service and payments, including any mygoldparty.com online complaints and special attention or service given by mygoldparty.com online.

Wednesday, April 23, 2008

GreenForGold

Here you can read all about greenforgold.com, a scrap gold dealer. Before you sell gold or other precious metal or gold jewelry to any scrap gold dealer it is wise to do some due diligence and find out as much about them as possible.

Who are GreenForGold
GreenForGold.com first started their website in October 2005 and have been online since then. The site is registered as Green4Gold Inc

GreenForGold Customer Service

GreenForGold state they are open from Monday to Friday 9am-6pm eastern standard time and are available by the phone number displayed prominently on their site.

Although these are not currently linked from the front page there is a page showing their privacy policy, greenforgold.com/privacy.htm. and terms and conditions, greenforgold.com/terms.htm

Greenforgold.com offer a 24 hour payment system for those in a hurry to get funds for their scrap gold.

Also, per the terms page any customer or prospective customer "…may request Ralph Alexander to provide a telephone or e-mail quote for his or her items after such items have arrived at Ralph Alexander's processing facility. Verbal offers may, at the discretion of Ralph Alexander, be recorded. Upon a verbal acceptance by the customer of the telephone or e-mail quote, payment will be issued by Ralph Alexander within twenty four (24) hours of such acceptance, and the three (3) day from issuance customer satisfaction holding period guaranty will no longer be applicable to such transaction."

They will insure the GreenForGold envelope they send you but will be limited to one-third (1/3) of the value of the total content, or One Hundred ($100.00) Dollars, whichever is less. So if you are sending anything worth more than $30 it is well worth insuring yourself for what you consider is the expected value.

The free GreenForGold Kit contains:
1. Payment Request Form
2. Postage Paid Indestructible Tyvek® Return Envelope.
3. Unique Coded Material Envelope.
You can contact GreenForGold prior to payment to find out what the payment will be. Make k=notes when you do. Time, date, who you spoke to, the persons description of the item and the amount they intend to pay.

When you send the item write "Please Contact With Quote" on the form that is included with the shipment.

What do GreenForGold Buy
GreenForGold buy the following:
10k, 14k, 18k, 21k, 22k, 24k Gold
Platinum,
Bench Scrap
Credit Suisse and other gold bars
Diamonds
Flatware
Ingots
Palladium
Silver, Silverware, Sterling Silver
Used Jewelry,
Watches
Broken Jewelry
GreenForGold also buy semiprecious dental work material, such as crown and bridge, gold inlays and onlays, palladium alloys...anything with precious metal content, old karat gold and gold-filled jewelry, sterling silver and platinum. Fine Jewelry and Fine Gold Coins, Bars, Bullion.

GreenForGold maintains a state-of-the-art assay laboratory.

How Much do GreenForGold Pay for Scrap Gold

On the greenforgold.com website, daily scrap gold prices for various karats of scrap gold are displayed.

Note that greenforgold.com pays in pennyweights (DWT) One pennyweight is equal to 24 grains and 1.55 grams=1 pennyweight. Also 1/20th of a troy ounce, or approximately 0.055 ounces.
With karats:
10K Usually Stamped 10K or 417.
14K Usually Stamped 14K or 585.
18K Usually Stamped 18K or 750.
22K Usually stamped 22K or 916.
24K Usually stamped 24K.
You can select from a choice of choice of Check, U.S. Postal Money Order, or Electronic Wire, all secure and quick forms of payment. Also PayPal is available.

Waiting Period For A GreenForGold Claim
The terms and conditions indicate that a customer who wishes to submit a claim to Ralph Alexander must wait at least sixty (60) days before submitting a claim form. The customer must submit any and all supporting documentation with the completed and signed claim form. Failure to properly complete, sign and/or mail the claim form will result in the denial of the claim by Ralph Alexander. So it is a good idea to ensure you have all the complete paper work whenever you sell gold to greenforgold.com This would include details of any phone calls, who you spoke to when and time and day and any amounts or figures discussed.

Last Word on GreenForGold
GreenForGold are registered members of the JA NY(Jewelers Association of NY).

If you have sold any scrap gold, gold coins, gold jewelry or gold bullion to greenforgold.com, please feel free to leave your feedback on the quality of service and payments including any greenforgold.com online complaints and special attention or service given by greenforgold.com online.

Monday, April 21, 2008

GoldFellow

Here is some information about GoldFellow, a scrap gold dealer or merchant. Before you sell gold or any other precious metal or gold jewelry to a scrap gold dealer it is wise to do some due diligence and find out as much about them as possible.

Who are GoldFellow
Michael Gusky is the CEO of GoldFellow and was the founder of a large wholesale gold jewelry manufacturer in the United States,

By acquiring OroAmerica in 2001, CEO Michael Gusky turned this Tamarac-based company into the largest gold jewelry supplier in the US. Aurafin is set at No. 43 on the Top Private Companies list, with approximately $325 million in 2003 sales. It makes more than 5,000 styles of jewelry. And there are diamonds too: the company's gemstone division, Auragem, produces precious and semi-precious gemstone jewelry. Aurafin recently became online jewelry retailer Jewelry.com's exclusive vendor of gold jewelry.--GS and then sold the company to Warren Buffet’s Berkshire-Hathaway in 2007.

Customer Service at GoldFellow
GoldFellow will supply the packaging to send your scrap gold or scrap silver or jewelry to them in their specially constructed Pak or, alternatively, will accept FedEx and pay for it provided you have gotten one of their free shipping labels.

They also insure the shipping for up to 500 dollars provided their label is used.

Once your package has arrived GoldFellow will send you an email.

When you start, you create a log in with your email address and a password. You can then log on to their website with your email address and password and see a digital image of your unwanted items and your settlement. You can then click, “accept,” and GoldFellow will process your payment. If you decide not to sell they will begin process of returning your items. You also have the option of changing your payment method at that time.

GoldFellow makes a video of your package and its contents while being opened so should there be any question regarding the accuracy of its contents you can request a copy of the video and GoldFellow will review it with you. They also photograph your items and display the photo along with your settlement in GoldView™.

GoldFellow offer the facility of cash quickly. Sometimes you need cash quickly. Ship the scrap gold or scrap silver by FedEx® Standard Overnight and they will assess the value of your items and wire your payment directly into your bank or brokerage account or make a deposit into your PayPal account, or speed a company check to you by FedEx® Standard Overnight

GoldFellow also offer a 10-day Guarantee
If you choose to be paid by check, you have 10-days to change your mind. Simply let them know you have decided to return their check and they will set your items aside. Once they receive your check they will FedEx you item back to you.

What do GoldFellow Buy
GoldFellow will buy the following:
Broken gold jewelry
Chains
Necklaces/pendants/lockets
Bracelets/ankle bracelets
Charms
Earrings
Men’s rings
Women's rings
Rings
School rings
Gold watches
Brooches and pins
Cufflinks
Ingots
Money clips
Key chains
Gold coins
Silver service
Platinum rings
GoldFellow.com also buy silver jewelry, gold nuggets, gold scrap, gold catches and dental gold.

How Much do GoldFellow Pay
How does GoldFellow calculate the value of my gold jewelry?

GoldFellow will calculate the value of your gold jewelry primarily based on these factors:

The price of gold as quoted by the London afternoon fixing on the day of settlement.
The karat content of your gold which is a percentage of 24 karat:10kt is 41.6%; 14kt is 58.3%; 18kt is 75% gold.

The actual weight of your gold items.

Payment amounts are calculated in Pennyweights and all weights and sizes are accepted. It takes 20 Pennyweights to make one ounce of gold so a pennyweight is one twentieth of gold.

Listed on the website is the price of gold they pay. This varies daily as the spot gold price changes.

Listed on website are the up to date scrap goldprices for less than 10 ounces of gold as well as 10 ounces and more. Many scrap gold dealers do not give the under 10 ounces scrap gold price but simply a quote so here at least you get the scrap gold price they will pay you.

You can select one of the following methods of payments for your Settlement on GoldFellow’s CashExpress form:

Company check sent via USPS or via FedEx Overnight shipping with the fee deducted from the payment of your Settlement;

A wire transfer into your bank or brokerage account in accordance with the instructions you have provided GoldFellow and with the fee deducted from the payment of your Settlement.

Direct deposit into your PayPal™ account in accordance with the instructions you provided to GoldFellow or if you don't select a method of payment, then GoldFellow will send you a company check via USPS.

If you selected to be paid by wire transfer or PayPal, you agree to the terms and conditions of immediate payment which includes a waiver of a return period. In other words, once you have been paid by PayPal or Bank Wire you cannot return the payment and claim back the scrap gold or silver.

If you selected to be paid by company check, you will have 10 days from the date on the check to notify us by email or telephone that you wish to decline the settlement and return the check. When your un-cashed check is timely received, we will return your items. GoldFellow™ will ship your items back to you via FedEx® Express Saver, but will only insure the package for the value of your settlement.

How to Sell Gold to GoldFellow
Get a FedEx® shipping envelope big enough for your gold or silver scrap and simply print your pre-paid shipping label, place your valuables in the shipping envelope and drop it off at any FedEx® drop box or FedEx Kinko’s®.

Ensure that your details are included in the envelop along with a description of the item you are sending, your contact details and what payment option you would like.

You can also view your settlement in advance on the goldfellow.com website.

GoldFellow takes video of all packages and their contents as they are opened.

GoldFellow will test and weigh your items.

GoldFellow will take a digital photo of your valuables and displays it with your settlement.

GoldFellow will also send you an email when your package is logged into their system and notify you by email or telephone when your settlement is ready to view online in GoldView™.

If you don’t log onto GoldView within 24 hours of notification, GoldFellow will issue your payment by the method you selected on the GoldFellow™ CashExpress form.

Last word on GoldFellow
Michael Gusky states on his website, "I was curious about other companies offering to buy gold jewelry online. Many claim to pay high prices for gold but consumers don’t have any way to verify that claim, so I did an experiment:"

"I sent identical packets of 14K gold charms to six of GoldFellow’s™ competitors. At the time, they should have yielded around $56 each, yet checks ranged from as little as $10.50 to $41 - for the exact same gold! I was so shocked, I gave GoldFellow™ a mission: pay consumers top dollar for their gold, platinum and silver in an honest, transparent environment. That’s our goal."

If you have sold any scrap gold, gold coins, gold jewelry or gold bullion to goldfellow.com, please feel free to leave your feedback on the quality of service and payments, including any goldfellow.com online complaints and special attention or service given by goldfellow.com online.