Cash for Gold USA: Is this a legit gold buyer? [2022 reviews]

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If you are looking to bring in extra cash, selling gold jewelry, coins, or metal scraps that you no longer want could be an excellent way to make money. But when it comes to selling that gold, there are countless options — which can be overwhelming. 

Is CashforGoldUSA legit?

Yes! While it’s understandable that you might feel nervous about selling your gold online, CashforGoldUSA is a completely legitimate business. 

CashforGoldUSA is our No. 1 recommended best place to sell your gold (and more, including silver and diamonds!), for a few reasons:

  • CashforGoldUSA pays within 24 hours,
  • Found by Fox Business News investigation to pay 3X their competitors
  • Better Business Bureau A+ rating
  • Price match guarantee
  • Free return guarantee
  • Insured up to $100,000
  • 10% bonus if you ship within 7 days
  • Get a quote with CashforGoldUSA now >>

CJ Environmental history

CashforGoldUSA.com, CashforSilverUSA.com, and CashforDiamondsUSA.com are owned by CJ Environmental, which was founded in 1975 by Norm Schneider, whose family continues to own and operate the company in Foxboro, Massachusetts:

CJ Environmental, parent of CashforGoldUSA and DiamondsUSA, headquarters in Foxboro, Mass.

Here are answers to the most common questions people ask about CashforGoldUSA, including a review of my personal experience with the company:

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 in a few details about your item.
  2. Get a FedEx or USPS mailer within a few days.
  3. Send in your item, and get an offer within 24 hours.
  4. If you accept, get paid immediately. 

What does CashforGoldUSA buy?

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

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

Learn about top gold buyers.

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 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, necklaces, earrings, bracelets and loose diamonds.

Learn about top diamond buyers.

Cash for Gold USA reviews

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

  • 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.
  • Insure their facility: Your item is insured up to $100,000 by Lloyds of London while held.
  • Founded in 2005, CashforGoldUSA has paid out more than $156 milllion to other people selling their gold, silver, diamonds and jewelry
  • 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
  • A Fox Business News investigation found that CashforGoldUSA pays three times its competitors:

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

Cash for Gold USA reviews

BBB rating and reviews

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

CJ Environmental has an A+ rating with the bureau. The profile also shows that the company has an average of 4.4 stars out of 5, based on an average of 74 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.

Better Business Bureau review and rating of CJ Environmental, parent company of CashforGoldUSA.com.

CashforGoldUSA TrustPilot reviews

CashforGoldUSA has 58 customer reviews on Trustpilot, averaging 4.3/5. 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:

Customer review online for CashforGoldUSA.
Customer review online for Cash for Gold, with a recommendation.
Customer review online for CashforGoldUSA, a gold and jewelry buyer.

CashforGoldUSA customer reviews

Cash for Gold USA is a reputable online gold buyer that has a 98% approval rating from Shopper Approved. Below are a sampling of customer reviews:

My CashforGoldUSA review

CashforGoldUSA is the leading online site that is a place that buys gold and diamonds (as well as silver and watches). You send in your gold by USPS mail or FedEx.

I recently tried out CashforGoldUSA, as part of a comparison-shopping to find the best price and service for selling gold.

This is my experience with selling a 16″, 14k chain necklace to CashforGoldUSA:

1. I went to CashforGoldUSA.com and estimated the value of the necklace using their gold calculator, which estimated my jewelry was worth $205.13 (retail value: about $399).

Gold calculator from CashforGoldUSA.

2. The price seemed fair, so I requested a FedEx mailer be sent right to my door. It arrived 3 days later. You can also choose a USPS mailer. 

How to sell gold with CashforGoldUSA.com.

3. I used the plastic bag included, and placed the gold chain inside the pre-addressed FedEx mailer and rode my bike a mile to the nearest FedEx dropbox that same afternoon.

Sell gold neckalace via FedEx to CashforGoldUSA.

4. Within about 20 hours I received an email with the offer of $191.97, and whether I wanted to be paid immediately via Paypal (which charges its usual 3% fee), or wait a few days for a paper check in the mail. I clicked the Paypal button and immediately received notice from Paypal that agreed-upon sum was in my account.

CashforGoldUSA offer for a gold necklace.

Total time from getting an online estimate to getting paid: less than 4 days.

CashforGoldUSA pays a 10% bonus above their estimate if you ship your item within 7 days.

Here are some recent sales at CashforGoldUSA:

Recent sale of a  gold necklace chain to CashforGoldUSA.
Recent sale of a gold ring to CashforGoldUSA.
Recent sale of a  gold chain bracelet to CashforGoldUSA.
Recent sale of a  gold wedding band set to CashforGoldUSA.

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 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 a free estimate 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 an estimate, though, 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 paper, mailed check, which takes 2-3 business days or immediately by Paypal — your choice.

How long does CashforGoldUSA take?

Once you request your free mailer, you should receive it within a week. I received mine in 3 days.

Shipping your item to the company will less than 24 hours. 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 pay you immediately according to your preferred payment method. Receiving payment by PayPal will be the fastest option, with money deposited in your account immediately. 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 a week total, depending on how quickly you send in your item. 

10% bonus if you ship within 7 days.

How much does Cash for Gold USA pay?

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

Gold prices this year exceeded $2,000 for only the second time in 50 years. As of , the gold resale value in the United States was at a near-record price of $ per ounce, or $ per gram.

That said, CashforGoldUSA guarantees that they will match any offer you have received from a competitor. A Fox News investigation found that the company pays an average of three times what competitors offered. Here is what my own research found:

Below is a summary of the results from my experiment:

OfferProCon
Jeweler$95Local businessLow offer, gross shop
Pawnshop $110Nice people, meh offer, easyThey have my personal info on record
CashforGoldUSA.com$191.97Very easy, don’t have to leave home, transparent process, 10% bonus.
Accepts all gold and silver items. 
No quote until you send in your item, except for the gold appraisal calculator on their site
AbeMor.com$0n/a Didn't do business with themDoes not accept smaller items, and minimum is not clear. 
Local cash-for-gold stores$0 to $153Could be quick cash for maybe a decent price?Can be dingy businesses of questionable integrity

What percentage does Cash for Gold USA take?

CashforGoldUSA does not state on its site or in interviews how much commission it takes.

In general, online gold buyers are more competitive and have lower overhead, so can pay a higher price to sellers.

In my experience, CashforGoldUSA paid far more than pawn shops, cash for gold locations near me, jewelers near me or other online gold buyers.

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 has been found to pay up to three times the price offered by competitors according to a third-party investigation, as well as my own research.
  • 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.
  • Hassle-free returns: If you decide you don’t want to accept their offer, CashforGoldUSA will send you 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. 
  • Feel good about recycling your gold and silver — which has a much lower environmental impact than mining and smelting.

Cons of CashforGoldUSA

While we recommend CashforGoldUSA, there can be some drawbacks, including:

  • It’s not ideal for collectible coins, or branded jewelry: If you have gold coins that have value as a collectible or high-end designer jewelry, such as Tiffany, Cartier, Bvlgari, David Yurman, Van Cleef & Arpels, or Harry Winston, we recommend Worthy.com.
  • 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.

Other places to sell gold online

Selling your gold can be an excellent way of bringing in some cash that you can use to reach your financial goals, whatever they are, and CashforGoldUSA is an excellent option for doing just that. 

Here is specific information on how to sell your jewelry, engagement ring, as well as necklaces, earrings, watches or estate and antique jewelry.

Is Cash for Gold USA legit?

While it’s understandable that you might feel nervous about selling your gold online, CashforGoldUSA is a completely legitimate, A+ BBB rated business started in 2005.

How much does Cash for Gold USA pay?

Ultimately, how much you receive for your gold will depend on the weight and purity of the gold, as well as the current market price of the metal. That being said, CashforGoldUSA guarantees that they will match any offer you have received from a competitor.

What does CashforGoldUSA buy?

CashforGoldUSA buys gold in any shape, form, or quantity, including: broken gold jewelry, gold coins, gold ingots, gold dental scrap, and more.

How does Cash for Gold USA pay?

CashforGoldUSA will pay by paper, mailed check, Paypal or ACH bank wire — your choice.

CashforGoldUSA

9.2

Rating

9.2/10

Pros

  • Selling your gold is as easy as requesting a mailer, sending your gold in for an appraisal, and accepting an offer.
  • You can be paid in as little as 24 hours depending on the payment method you choose.
  • CashforGoldUSA has been found to pay up to three times the price offered by competitors according to a third-party investigation.
  • If you send in your item within seven days, you can receive a 10% bonus for your gold.
  • CashforGoldUSA will match any offer from a competitor, so you know you’ll always get as much money for your gold as possible.

Cons

  • It’s not ideal for collectible coins, or branded jewelry.
  • 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.

Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, Elle, O, The Oprah Magazine. Winner of Parents magazine’s “Best of the Web” and a New York Observer “Most Eligible New Yorker," her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. More about Emma's credentials.

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