GOLDFELLOW REVIEWS
Goldfellow.com displays a BBB Accredited Business logo on their website, but also has numerous customer complaints showing on major search engine directories. Their site’s copy clearly stresses that they offer safety, reliability, fast payments and that they pay up to 3X more than their competitors “that seems unproven”. However, they are a major buyer of precious metals who have been in the gold jewelry business for 30+ years.
What They Buy – Like almost every buyer in today’s online gold market, Goldfellow.com will purchase all kinds of gold, sterling silver and platinum items based upon precious metal content, current spot market price and total quantity received. They also buy through unspecified ‘Gold Party’ events.
Free Mailer – The company offers customers their FREE Track-Pak mailer which contains a pre-paid FedEx air bill that includes insurance for up to $1,000.
How They Price It – The Goldfellow.com website features a chart showing the prices they will pay for gold items based upon gold content in pennyweights, quantity received and current market price. This chart does not reflect what they pay for Sterling Silver or Platinum. The chart also shows what they will pay for very small amounts less than 1 oz.
Fast Payments – Payments are promised within 24 hours of receiving items for assay, but frequently require longer. This is mentioned on some of the Internet complaints found.
Satisfaction Guarantee – Goldfellow.com states that only they guarantee highest payments, fastest payouts and free FedEx shipping. This is certainly not the case as blind tests have repeatedly shown that other buyers make the same claim.
All that Glitters isn’t Gold...
READ THESE CASH FOR GOLD REVIEWS BEFORE YOU SELL GOLD ONLINE.
Today, in our difficult economy, more and more people are opting to sell their unwanted or broken gold jewelry and other precious metal items in order to raise fast cash. And while there are many, many buyers online, it’s important to avoid scams and maximize the amount you will be paid.
Our purpose is to inform you about the leading buyers, review what they pay and provide sellers with the facts they need in order to make an informed choice. To do this, we have carefully reviewed the TOP 5 Online Buyers of Gold, Silver & Diamonds and provided the key facts about them so you can choose the company that best suits your needs.
There are certain characteristics that will help you identify a legitimate buyer for your unwanted or broken precious metal jewelry. These include:
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They offer a safe, secure way to send your property to them. The best way is a FREE mailing envelope with postage pre-paid along with insurance that protects your property from loss while en route to the buyer’s business. Many buyers even provide a FEDEX or UPS code and a tracking number that lets you determine just where your mailer is at all times.
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They guarantee your satisfaction with the price they pay you and to return your property at their expense if you are not happy and want to return your check.
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They pay quickly, usually within 24-48 hours after they receive your property. Some will even offer to pay you electronically to your PayPal account for even faster service.
FACT: Legitimate, reliable buyers will make offers like those listed above and live up to them. Many of the companies reviewed here also own their own refineries and can pay sellers more because there are no brokerage or refining fees to be deducted from your payment. If they do a very-high volume of business, this also allows for higher payouts.
Each of the TOP 5 Online Gold Buyers we have reviewed here has their own website that fully describes their company, what they buy and how they pay sellers. We recommend that you review those that interest you by clicking on the REVIEW WEBSITE HERE link we have provided on each listing.
By: David Scott
"Gold Consumer Specialist"