CashforGoldUSA: Is this a legit gold buyer? [2024 reviews]

If you are looking to bring in extra cash, selling gold jewelry, diamonds, watches, coins, or gold dental scrap can be a good way to make money, and CashforGoldUSA is one of the first online gold buyers that pops up on a Google search in a sea of options.

This post outlines why we think CashforGoldUSA is a quality company, based on company history, customer reviews, ratings by third-party agencies, overall services offered — and especially speed to payment.

Is CashforGoldUSA legit?

While it’s understandable that you might feel nervous about selling your gold online, CashforGoldUSA is a solid and legitimate business:

• CashforGoldUSA pays within 24 hours
• Better Business Bureau A+ rating
• “Price beat” guarantee with written offer from another buyer
• Free return guarantee
• Insured up to $100,000
• Family business with decades of history
• Buys all weight and karat of gold, as well as all diamonds and silver
• 10% bonus if you ship within 7 days
• Get a quote with CashforGoldUSA now >>

Learn how CashForGoldUSA worksand read reviews from third-party sites and real Cash for Gold USA customers:

• How long CashforGoldUSA's process takes
• How much does CashforGold USA pay?
• How CashforGoldUSA works
• What CashforGoldUSA buys
• CashforGoldUSA reviews
• Pros and cons of CashforGoldUSA

How long does CashforGoldUSA take?

Once you request your free mailer, the whole process to payment can be completed within three days.

Shipping your item to the company will take less than 24 hours via trackable FedEx. Once your item is received, it will be appraised within 24 hours and you will receive an offer.

If you receive this offer, CashforGoldUSA will send payment immediately based on your preferred payment method.

Receiving payment via PayPal will be the fastest option, with money deposited in your account immediately. Similarly, you can get paid by Virtual Visa credit card or print a check at home — which you can immediately deposit at a local branch or ATM, or virtually on your phone.

Payment by check or bank transfer will take a few more days.

All told, you can go from requesting a mailer to receiving cash for your gold within three days total, depending on how quickly you send in your item and how quickly you accept an offer.

You will receive a 10% bonus if you ship within 7 days.

How much does Cash for Gold USA pay?

Ultimately, how much you receive for your gold from any gold buyer will depend on the weight and purity of the gold, as well as the current market price of the metal.

If you are selling gold coins or bullion, expect from any gold buyer 95% of spot gold price, while gold jewelry or scrap will get you about 80% of spot. As with other gold buyers, always negotiate any offer.

CashforGoldUSA offers a price-beat guarantee — if you have a written, higher offer for you gold, silver or diamond, they promise to beat it.

As of , the spot gold value in the United States was trading at $ per ounce, or $ per gram.

Here are some recent sales at CashforGoldUSA, including a gold chain and charms:

How does Cash for Gold USA work?

There are more details below, but in short, this is how CashforGoldUSA works:

1. Go to CashforGoldUSA.com, enter your name, address, phone number and preferred shipping method.
2. Provide photos and a brief description of your items
3. FedEx or USPS mailer arrives next day — or print a label immediately.
4. Send in your item, and get an offer within 24 hours.
5. If you accept, get paid immediately by your choice of:

• Direct deposit
• PayPal
• Virtual Visa credit card
• Print-at-home check
• Check mailed via overnight FedEx
• Check sent via USPS First Class mail

CashforGoldUSA buys gold online from people looking to sell old gold jewelry, coins, dental scrap, as well as watches, Rolex, and diamonds. They make money by buying the gold at a discount to the scrap value of the metal. They then melt these objects down and sell at a profit.

What does CashforGoldUSA buy?

CashforGoldUSA buys gold in any shape, form, or quantity, including:

• Broken or whole gold jewelry, including gold rings, bracelets, earrings, gold chains, pins, clasps, necklaces, pendants, charms etc. 
• Coin collections
• Gold coins
• Gold bullion
• Raw gold ingots, nuggets, and solder
• Gold wire and scrap
• Gold dental scrap from dentists
• CashforGoldUSA also buys all diamonds, silver coins, jewelry, scrap and bullion, lab-grown diamonds, silver flatware, gemstone jewelry, and fine watches.

The company accepts all karats of gold, including 8k, 9k, 10k, 14k, 15k, 18k, 22k, and 24k gold. 

CashforSilverUSA

CashforSilverUSA is a sister site of CashforGoldUSA — they share the same family-run parent company, C.J. Environmental, which enjoys an A+ Better Business Bureau rating, high TrustPilot and customer reviews, and the same 24-hour payment and money-back guarantees. Sell your silver coins, silver tableware and flatware and other sterling silver jewelry, dental scrap and other silver through CashforSilverUSA.

Learn about top silver buyers.

Diamonds USA

Diamonds USA (formerly CashforDiamondsUSA), is also a C.J. Environmental company, with the same BBB A+ rating, and 24-hour payment, though specializing in paying high prices for engagement rings, diamond jewelry, tennis bracelets, necklaces, earrings, tennis bracelets and loose and lab-grown diamonds.

Learn about top diamond buyers.

Cash for Gold USA reviews

Founded in 2005, CashforGoldUSA has paid out more than $50 million dollars to people selling their gold, silver, diamonds and jewelry.

As a result of my personal experience and reading through reviews, I can say that CashforGoldUSA.com stands out from other online gold buyers in a number of ways:

• Buys 100% of all weight and karat of gold
• 100% free shipping: Fill out a form requesting an appraisal of your item, and they will send you a prepaid mailer through either FedEx or USPS (your choice), which you can then track, door-to-door.
• Insure all shipments: All shipments are automatically insured up to $5,000, with additional insurance available for items valued up to $100,000 through Jewelers Mutual Insurance. If something happens to your gold during transit, you’ll be compensated for it.
• Insured facility: Your item is insured up to $100,000 by Lloyds of London while held.
• Risk-free returns: If you don’t like the amount they offer, you’ll receive your items back at no cost, trackable through FedEx or USPS
• 10% bonus if you ship within 7 days
• General positive online reputation with more than 1,000 reviews across multiple platforms, decades of business history and features that appeal to the average gold seller

CashforGoldUSA BBB rating and reviews

If you were to search for CashforGoldUSA on the Better Business Bureau website, you would learn that CashforGoldUSA and its sister websites are run by CJ Environmental, Inc., a metal refining company that has been in business since 2005 and accredited since 2010.

You’d also find that CJ Environmental has an A+ rating with the bureau. The profile also shows that the company has an average of 4.09 stars out of 5, based on an average of 46 customer reviews. 

At the time of this review, it appears CJ Environmental replied to and addressed all of the complaints filed on the BBB site.¹

CashforGoldUSA TrustPilot reviews

CashforGoldUSA has more than 500 customer reviews on Trustpilot, averaging 4.3/5 as of April 2024. Common complaints include too-low of an offer.

Most are very positive, and highlight the ease of use, professional communication, quick process and payment, and fair price. Negative reviews are from customers who didn't get as high an offer as they expected:

CashforGoldUSA customer reviews

Cash for Gold USA is a reputable online gold buyer that has a 98% approval rating from Shopper Approved, based on 361 reviews. Below are a sampling of customer reviews (the most recent is from December 2023):

Get started with CashforGoldUSA.com today >>

CashforGoldUSA process

Selling your gold to CashforGoldUSA is rather straightforward. All you need to do is:

1. Visit CashforGoldUSA.com and fill out a form requesting a prepaid mailer be sent to you, free of charge. 
2. Place your items inside the mailer and send it back to CashforGoldUSA. You can choose to have the mailer picked up at your door (opposed to taking it to the shipping center).
3. Your items will be appraised within 24 hours of receipt to determine the value of the gold, and you’ll be sent an offer.
4. If you accept the offer, you’ll be paid by either check, bank wire, or directly through PayPal. Depending on which option you choose, you may be paid in as little as 24 hours after accepting the offer.
5. If you don’t accept the offer, your item will be returned to you free of charge. 

Get an idea of the value of your item before you send it in for appraisal. Just enter the weight and karat of gold into CashforGoldUSA's gold calculator:

It is important to note that this is just for informational purposes, and not a final offer. The only way to get an accurate offer is to send your item in for appraisal. 

More on how CashforGold works:

CashforGoldUSA guarantee

CashforGoldUSA always guarantees that if you are not 100% happy with the offer they make for your gold, then you can back out free of charge. They also guarantee that if you have a better offer from a competitor, they will match that offer. 

How does Cash for Gold USA pay?

CashforGoldUSA will pay by whichever method you prefer:

• Direct deposit
• PayPal
• Virtual Visa credit card
• Print-at-home check
• Check mailed via overnight FedEx
• Check sent via USPS First Class mail

Pros of CashforGoldUSA

The benefits of selling your gold to CashforGoldUSA include:

• Ease: Selling your gold is as easy as requesting a mailer, sending your gold in for an appraisal, and accepting an offer.
• Speed: If you accept their offer, you can be paid in as little as 24 hours depending on the payment method you choose.
• High pay: CashforGoldUSA guarantees you'll get the best price.
• If you send in your item within seven days, you can receive a 10% bonus for your gold. 
• Price match: CashforGoldUSA will match any offer from a competitor, so you know you’ll always get as much money for your gold as possible.
• Free shipping: CashforGoldUSA will provide a prepaid, insured shipper for you to send in your gold for appraisal, and return your item free of charge if you choose not to sell.
• Many choices for immediate payment:
  • Direct deposit
  • PayPal
  • Virtual Visa credit card
  • Print-at-home check
  • Check mailed via overnight FedEx
  • Check sent via USPS First Class mail
• Hassle-free returns: If you decide you don’t want to accept their offer, CashforGoldUSA promises to send your item back without question.
• Accepts a range of items and accepts all weights and quality of metals and gemstones: From jewelry to coins to dental scrap and Rolexes in any karat or weight. CashforGoldUSA will also accept platinum, silver, palladium, watches and diamonds and gemstones through its sister websites. No minimum weight or value.
• Feel good about recycling your gold and silver — which has a much lower environmental impact than mining and smelting.

Cons of CashforGoldUSA

Drawbacks of CashforGoldUSA include:

• It’s not ideal for collectible coins, or, in some cases, branded jewelry: If you have gold coins that have value as collectible or high-end designer jewelry, such as Tiffany, Cartier, Bvlgari, David Yurman, Van Cleef & Arpels, or Harry Winston, we recommend Abe Mor or Worthy.
• Your offer is based on a single evaluation: CashforGoldUSA appraises each item as it is received and uses this one evaluation to calculate an offer. Take it or leave it. That said, feel free to negotiate, or get your item returned for free.

CJ Environmental history

CashforGoldUSA.com, CashforSilverUSA.com, and CashforDiamondsUSA.com are owned by CJ Environmental, which was founded by Norm Schneider in the basement of the Schneider family home. Norm still owns and operates the company in Foxboro, Massachusetts with his sons Cory, Stephen and Barry:

“By partnering with a refinery, we can offer the public metal and diamond rates typically reserved for private companies,” Norm told me. Within three years of opening, the company was named to the INC 500, as one of the fastest-growing private companies in the United States.

Aside from top rates, customer service, Norm Schneider says, is the other differentiator for CashforGold and DiamondUSA customers.

“We understand the delicate nature of every transaction — clients trust us with their valuables and family heirlooms, and we recognize that is a big responsibility,” Norm says.

Each customer who gets a mailer receives a tracking number so they can track their shipment through SMS messaging and/or email based on preference. You get an alert when your shipment is scanned by the carrier, when it is scheduled to arrive and when Cash for Gold's shipping department has received it.

“We constantly invite clients to ask questions, and we work nights and weekends to ensure queries are answered in a timely fashion by one of our in-house jewelry experts,” Norm says.

“Some clients have lots of questions, some don't have any. Either way, we are patient and never pressure anyone to sell. We have thousands of repeat clients, some who have been working with us for over a decade.”

Other places to sell gold online

Selling your gold can be a great way to reach your financial goals, whatever they are, and CashforGoldUSA is an excellent option to help.

This post outlines top gold buyers to consider, and you may also look into local pawn shops for immediate cash, as well as antique or consignment stores that may be interested in gold jewelry or coins.

Also, here is specific information on how to sell your jewelry, including an engagement ring, necklaces, earrings and watches.

---

SOURCES

1. CJ Environmental Better Business Bureau review https://www.bbb.org/us/ma/canton/profile/precious-metal-dealers/cj-environmental-inc-0021-32441