Monday, May 26, 2008


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 is owned by Lippincott, LLC. ( 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,,, and

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
Charms and Pendants
Class Ring
Foreign Gold Coins
Items with Removed Stones
Outdated Items
Wedding Rings
Service Pins
Gold Casting
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™ 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, please feel free to leave your feedback on the quality of service and payments given by online.

No comments: