2010-08-21 07:52:33 -

One of the most frequent questions Cash for Gold Co receives from sellers is a request for an explanation about how we handle gemstones mounted in the gold and platinum jewelry that people send in. They want to know which stones we purchase and what we do with the others.

According to Joe Montes, president, “Cash for Gold Co does receive a sizeable amount of jewelry that contains gemstones of varying sizes. However, we ordinarily pay only for the amount of pure gold or platinum in the settings, but there are some gemstones we will buy and pay for over and above the precious metal value of the property we receive”.

Montes continued, “We purchase prong-mounted diamonds of ¼-Carat or

above. Their value is determined by our GIA-Certified Appraiser and we add an extra amount for such stones to the seller’s payout. We do not buy diamonds smaller than ¼-Carat or any colored gemstones. Cash for Gold Co will be pleased to remove and return prong-set stones in a piece of jewelry if they measure 2.0 Millimeters or more. All the seller has to do is check the box on the packing slip enclosed with our SECUREPAKTM mailing envelope that tells us to return the unwanted stones and that’s what we will do.

Sellers should be aware, however, that there will be a $10.00 FedEx shipping charge for doing this and that this amount will be deducted from our payout check or direct PayPal transfer”.

Cash for Gold Co is a leading Internet buyer of precious metals. The company pays “the highest-possible percentage of actual value of a seller’s property based upon an assay and the current spot market price at that time”. The company’s payout is made within 24-hours of receiving the property, either by check or, if so requested, by direct deposit to the seller’s PayPal account.

To ensure that all transactions are safe and secure, Cash For Gold Co pre-insures every SECUREPAK mailing envelope for up to $1,000. The postage on each has also been pre-paid by the company.

Sellers who wish detailed information about what Cash for Gold Co buys, how the company determines payouts or more, should visit the company’s website at www.cashforgoldco.com