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Cash For Gold USA Review: Turn Unwanted Gold into Cash

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Cash for Gold USA Review

cashforgoldusa logo

Cash for Gold USA is an online plafrom that enables users to sell gold for cash. The platform claims that it pays up to 3 times more for your gold as compared to its competitors. The platform also buys all sorts of gold and gold products, ranging from coins and jewellery to watches and even scrap or broken gold. If you have some gold you want to sell, you can get a no-obligation quote for it.

Legit & Safe

Earning Potential

Ease of Use

Payout Process

Pros

  • Free shipping and $5000 insurance – the platform will provide you with a FedEx shipping label insured up to $5000 for you to send your gold to them.
  • Quick processing time for quotes – once the company has received your gold, they will inspect it and you will receive a quote within 24 hours.
  • High pay rates – the platform claims that it pays up to 3 times more for your gold compared to other competitors, making it lucrative to sell to them.
  • Sell all sorts of gold – the company will buy gold of any karat from 8k to 24k, and in any form, including wires, gold solder and even dental scrap.

Cons

  • Limit on insurance – if the value of your gold exceeds $5000, it is not insured. You can get insurance up to $100,000 but that will cost extra.
  • Can take a long time to sell – it can take up to 7 days to complete a sale transaction, compared to the 1 day it may take to sell at a pawn shop.

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What is Cash For Gold USA?


Cash for Gold USA is one of the most popular places to sell gold. This online platform buys gold, diamonds, watches and other jewelry items. The aim of the platform is to help anyone make quick cash selling their unwanted gold items. 

The company offers private transactions, where you can get a quote for your items and payment within 24 hours. 

Is Cash For Gold USA Legit?


Cash for Gold USA has been operating since 2004 and to date has paid out over $55 million to its sellers. In fact, in a Fox Business News investigation, it was found that this company pays approximately three times more than the main competitors. Cash for Gold USA even has a highest price guarantee for any gold items from coins and jewelry to gold dental scraps. 

The company also has a superb reputation online. There are many positive Cash for Gold USA review comments across multiple review sites. 

Shopper Approved5/5
Trustpilot3.4/5

Of course, there are some negative review comments. These mostly relate to low offers, but you are not obliged to take a quote. So, if you don’t like your quote, you can always shop around to see if you can get a better deal. 

Enjoy a highest price guarantee for any gold items

How Does Cash For Gold USA Work?


Cash for Gold USA aims to make it quick and easy to sell your gold jewelry, coins or diamonds online. 

  • You can start the process by completing the request form on the company website. Cash for Gold USA will then send a USPS mailer or FedEx label. This allows you to package up your items and ship them to Cash for Gold USA free of charge. 
  • There is no need to fill in any additional paperwork, as the company will already log your details on the shipping information. Just be sure that your items are securely inside the package.
  • Your items automatically have insurance for up to $5,000. However, if the combined value of your items may exceed this, it is a good idea to request multiple packs or obtain additional insurance. 
  • Once Cash for Gold USA receives your package, they will issue a quote. Typically, you can expect this within 24 hours of receipt. If there is any delay, the support team will contact you and advise of the situation. 
  • If you’re satisfied with your offer, you can just accept it and you’ll receive your payment shortly. However, if you don’t like the offer, you can reject it and your items will be resent back to you free of charge. 

What is the Best Way to Sell Gold?


Now you know the basics of how to sell gold online, you may wonder if it is actually the best way to sell your gold. There are other options, but they may not offer the best prices. 

best places to sell gold

If you’re looking to sell your gold items quickly, you may simply visit your local pawn shop. Pawn shops usually give you cash immediately, but you are likely to get the lowest possible price for your items. 

Although it may take a little more work to sell your gold at Cash for Gold USA, you are likely to find that they offer a better price. Since Cash for Gold USA covers the shipping costs and will return your items free of charge if you don’t like the quote, there is nothing stopping you getting a valuation from your local pawn broker and comparing it to your Cash for Gold USA quote. 

Of course, this will take more time, so you will need to evaluate whether it is more important to have the cash now or if you are able to wait a little while to get the best price. 

How Much is Gold Worth?


Gold is currently one of the most costly commodities in the world. So, how much can you get for gold? This will depend on several factors including the item weight and the gold karat. 

If you have a heavier item with a higher karat, you will get more than a lighter, lower karat item. So, a 18 karat necklace will be worth more than a 9 karat bracelet.

Bear in mind that scrap gold is valued in the same way as complete jewelry items. You don’t need to worry if your jewelry item is broken or not in the best condition. 

Cash for Gold USA will accept all types of gold including:

Broken Gold:

You may have broken jewelry items or parts of gold that have broken off a large piece. These items may not be worth much to a private buyer or pawn shop, since they cannot be worn. However, the gold itself still has value. Cash for Gold USA will still pay for broken gold rings, necklaces, bracelets, watch bands or chains. 

Scrap Gold: 

Like broken gold, Cash for Gold USA will purchase gold scraps. This can include broken gold ornaments, accessories or dental scrap such as an old gold crown. These items can all be melted down to be recycled, so they still have value. 

Gold Coins:

While gold coins are more rare than broken jewelry or scrap, Cash for Gold USA does make it easy to sell gold coins you may have inherited or collected for cash. 

Gold Jewelry:

Of course, the most common form of gold is gold jewelry. Whether you have a piece you no longer like to wear or you have inherited a piece that is not to your taste, you can sell it to Cash for Gold USA.  However, the valuation will not take into account any sentimental value. 

While it can be difficult to calculate the karat and weight of your item, you can get an idea of the changing price of gold by checking the value of gold today. There are a number of websites, such as Bullion Vault that allow you to track the price of gold, so assess is now a good time to sell gold. 

Is Your Gold Really Gold?

If your gold item does not have any markings, you may not have a real gold item and it may just be gold plated. Fortunately, there are several tests you can conduct at home, so you don’t waste your time waiting on a quote. 

  • Use a magnet: Gold is not magnetic, so you can use a magnet to check if your item is solid gold or gold plated. If you hold a magnet to the item, if there is an attraction, it has either significant impurities or is gold plated. 
  • Rub on porcelain: If you have a piece of unglazed porcelain, it can be helpful to determine if your item is gold or merely gold plated. Gold plate tends to leave a black streak if you rub it on porcelain, while real gold leaves a gold color smudge. 
  • Try home testing: You can also purchase home testing kits, but rather than spend money, why not simply apply for a quote. 

The Pros and Cons of Cash for Gold USA:


Pros:

  • Free shipping: Cash for Gold USA will cover the cost of shipping your items to them and they will return them to you free of charge if you decide you don’t like the quote.
  • Insurance: The package also includes up to $5,000 insurance coverage. So, you don’t need to worry about losing your money if the parcel gets lost.
  • Higher quotes: According to Fox Business News, and Cash for Gold USA reviews, the company offers as much as three times more than its competitors, so you may be surprised at your quote.
  • Quick quotes: You can expect your quote within 24 hours of your items arriving at Cash for Gold USA. 

Cons:

  • Not immediate: If you are looking for immediate cash, you may feel frustrated at the Cash for Gold USA process. You will need to wait for the shipping label to arrive, your items to arrive at Cash for Gold and then 24 hours for your quote. 
  • Bad reviews: While the company has decent overall ratings, there are Cash for Gold USA review comments that complain about getting low offers. 
  • Insurance cap: The insurance does have a $5,000 cap. So, if your items have a combined value exceeding this, you will need to obtain additional coverage or request multiple shipping labels. 
  • Rough estimates: The Cash for Gold USA website does have a calculator, but this will only provide a very rough estimate that you will not be able to rely on. 

Cash for Gold USA FAQ


Should I sell my Gold?

This is a judgement call. If you are in need of cash and have unwanted jewelry items, or you have broken bits of jewelry lingering in your drawer, it may be a good idea to get a quote for your items. 
Since Cash for Gold USA offers no obligation quotes and covers the shipping costs, if you are unsure whether you want to sell your gold, why not get a quote. You can then make an informed decision about whether you want to sell your items or not. 

Can you make money selling Gold?

Gold is one of the most valuable precious metals, so you can make money selling gold. But, remember that gold valuations do not include sentimental value. So, you are unlikely to be satisfied with the quote for a precious family piece of jewelry, particularly if it is lower quality gold. 
However, if you have unwanted or broken gold items, selling them can be a great way to make a little extra cash. 


Cash for Gold USA review

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