Friday, April 18, 2008

Broken Gold

Here you can read about, a scrap gold dealer. Before you sell scrap 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 Broken Gold are a scrap gold merchants with a website,, established in the early part of 2007. They appear to be one of four sites run by a company called BGC Management, Inc. the other three being, website established Mar 2006,, established May 2006, and, established in June 2006. All of which you can sell gold to.

Not much more information is available about them at this time other than their full name is BGC Mgmt Inc, DBA Broken Gold Inc. The person representing them at the Alamance County Area Chamber of Commerce is Chad Sharpe and they are based at Memorial Drive in Burlington, NC. USA

How Safe are Broken Gold
BrokenGold offer a Guarantee Against Loss of contents shipped to them for assessment and purchase. But this is only when the contents are shipped to BrokenGold in a BrokenGold Kit in accordance with the instructions and procedures established by Broken Gold and subject to the terms and conditions displayed at

If you think the total value of the items you are shipping to is greater than $100, it is recommended that you insure your package. If you choose to do this, Broken Gold state they will reimburse you the cost of the insurance. If there is an original sales slip or appraisal, Broken Gold state their liability, will be limited to one-third (1/3) of the value of the total content, or Eighty ($80.00) Dollars, whichever is less.

What do Broken Gold Buy

Broken Gold buy the following gold and other precious metals and jewelry items.
Class Rings
Cluster Rings
Tangled Gold Chains
Gold Watches
Bent/Broken Jewelry
Unmatched Gold Earrings
Items with missing stones
Gold Pins/Broaches
Gold 10k, 14k, 16k, 18k, 22k, 24k
Dental Gold
Gold Coins
Gold Bracelets
Sterling Silver
Gold Necklaces
It is difficult to establish how much they will pay as this is only announced upon an assessment of the gold, jewelry or precious metal sent to them.

However, if you have requested a Broken Gold™ Kit or additional packaging and you are unsatisfied with the amount they have offered, you are under no contract to send them your jewelry even or if they simply paid you and you are unsatisfied with the amount paid, you simply need to contact them and return the check and they will return the item back to you.

How to Sell Gold to Broken Gold make the process relatively easy. You simply fill out the form on the website and Broken Gold will send you a FREE Broken Gold™ Kit. This kit includes a special pre-paid envelope so all you have to do is place your scrap gold and jewelry in the package with your ID and contact information and mail it back to

They receive the package and assess the item you have sent. They then send you a check within 24 hours. You can request, before they send the check, a quote by phone or email. If you request it by phone they will record the conversation as a record. Once you have agreed to the amount they will then post off the check. Of course if you do not agree then will return the item.

In any phone conversations regarding valuable items such as gold coins, gold bars, gold jewelry or any other precious metal it is always wise to make your own record in writing of, who you spoke to, the time and date of the conversation and the details, such as the amount and confirmation of what the item is.

How Do You Get Paid by Broken Gold
Broken Gold claim they will pay 5% more than the competition with no fees or costs deducted from the final amount paid. There is a scale of how much is paid for gold and other precious metals on site for over 10 and over 50 ounces. On items of less than 10 ounces will assess a graduated payment based on the Karat, weight, and type of material. All payments are based on the standard pennyweight (abbreviation = 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.

Of course the spot price of gold which changes daily will have a bearing on the amount you are offered and it is a good idea to ask to confirm the amount before you go ahead and sell gold.

The Last Word on Broken Gold
Broken Gold are also a member of the International Precious Metals Institute and Gemological Institute of America and are also TRUSTe verified.

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

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