I recently decided to perform an experiment to test several of the leading cash for gold companies to see which one pays the most. I sent the exact same materials to several of them and decided to share my results online.
Captain Cash for Gold is a company out of New Jersey that only deals in precious metals, they do not handle diamonds or any other gems like some other companies. That means that if you send them a piece of jewelry with a gem in it, they will disregard the stone and not pay you for it. Thus, you have to pop out or remove any gemstones in your jewelry before sending it to them or risk getting a very low bid that does not take into account the total value of your piece. On their website they do not have any prices for how much they pay for gold, which means that you have no idea if you will get a good deal. They also donâ€™t state if they calculate some of the major day to day price increases in the gold market. Also their website was sort of unprofessional looking with a cartoon character, and not a lot of hard information or facts.
Of the seven companies that I tested, CaptainCashforGold came in 5th place, paying out $104.80. If I had gone with this company we would have lost about $240.00 dollars! It is amazing how low their offer was really shocking!
These are the instructions that they sent me and the materials that I sent to them…