In these days of the internet and overnight express mail, it should come as no surprise that buying and selling gold online is also possible.
US company Lippincott, LLC, who say they have been helping people turn gold into cash for nearly 20 years now, offer this service at their GoldKit.com website.
Customers order a free “GoldKit”, in which they can then send gold coins or unwanted gold jewelry, insured for free, to the company, which will then value the precious metal and send them a check. There are also instructions for those who prefer to use their own packaging to expedite the whole procedure.
While the emphasis is on gold, it seems Lippincott will also buy silver coins, as is outlined on the relevant page of the website, Gold and Silver Exchange.
Customers can track their GoldKit en route to the company, which also says it will reverse the transaction and return the gold if a person is unsatisfied with the amount they offer.
Lippincott offers various elements of reassurance of the security of selling gold coins and selling gold jewelry online, such as membership in the Better Business Bureau since 1997, a satisfaction guarantee and the fact that they advertise on TV (you can even watch the GoldKit TV commercials online).
Ultimately, of course, it is up to you to check them out and decide whether you are prepared to take the risk.
 To find out what kind of gold the company buys you can see “some examples of scrap gold and silver & scrap gold jewelry that you may have lying around, gathering dust” in the section Scrap Gold And Silver We Buy, whereby you may not consider one of their examples, “Foreign gold coins“, to be scrap!
If you live in the USA and you think this might be something for you, check them out, make sure you do your due diligence, and if you’re happy with what you find, try them out – perhaps with a small volume that won’t hurt if for some reason it doesn’t work out (highly unlikely, but of course you never know).
Of course, you may also want to check out some of their competitors, such as this one.
And please feel free to come back and leave a comment here on your experience!
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