The scoop: Seductive advertising
and the lure of easy money have drawn in thousands of eager sellers. You
mail in your gold and they mail you back a check.
The benefit:
It's easy -- they send a prepaid envelope, you drop in the gold, and
they mail a check.
The drawbacks:
You pay a price for convenience. Consumer Reports found that mail-in
companies offered between 11 percent and 29 percent of the meltdown
value of the gold.
The bottom line:
Understand the trade-offs you're making, says Paul Montgomery,
president of the Professional Numismatists Guild. "The guys on TV are
providing a service, but they've got a very, very high expense rate.
They're spending literally millions on advertising -- and that's (part
of the reason) you might get just 20 or 25 cents on the dollar."
What Should You Do? - Visit Calaveras Coin & Pawn for a free competitive quote on your gold.
(209)736-COIN
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