I sent an 18ct ring which weighed 9.3gm. I already had a rough idea of what it was worth but was called by postgoldforcash after they received it, and they offered me a grand total of £37!!! That worked out at about £4 per gram (18ct)!! Considering £20+/gm 18ct is the norm at the moment I almost fell off of my chair!
The operators excuse for this offer was that they had "overheads" that other companies didn't. They must have some serious overheads to offer a fifth of the market value!
After some time and two further offers the operator then up'd my offer to £200 (saying they could sell it to their sister company for that price). What a load of old tosh! The whole thing was a blatant attempt at trying to buy my gold at a ridiculous price in the hope that I had no idea of it's value.
I accepted the £200 offer as I was happy with that price, but i still think there is massive dishonesty with their initial offers, and the operators are probably on massive commission to get sellers to accept lower offers. I suggest in future that the first offer made to customers should be what the gold is worth, and not a price at which you think you might be able to rob it off of someone for.
The postal pack and other parts of the service are good and the money was transferred to my bank 3 days after they received the ring.
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