Postgoldforcash.com Reviews

Based on checking the website, Postgoldforcash.com appears to be a service that facilitates the sale of gold, silver, platinum, and palladium by mail.

The company offers a process where customers can request a free selling pack, send their precious metals, and receive an offer, with payment typically processed within 24 hours of accepting the offer.

While the service focuses on monetizing unused or unwanted precious metals, it’s crucial for us as discerning individuals to approach such transactions with caution and prioritize methods that align with sound financial principles and ethical considerations.

The concept of selling precious metals, particularly gold and silver, for quick cash can often lead to impulse decisions that might not be in one’s long-term financial best interest, especially when better alternatives exist for preserving and growing wealth.

From a broader perspective, engaging in quick cash transactions for valuable assets like gold might not always be the most prudent path.

Gold and silver have historically served as stable stores of value and a hedge against inflation.

Selling them for immediate liquidity, especially through online mail-in services, involves inherent risks and potentially less-than-optimal returns compared to holding onto them or exploring more ethical and stable investment avenues.

Our focus should always be on building sustainable wealth and making choices that contribute to long-term financial well-being, avoiding impulsive decisions driven by immediate gratification.

It’s important to consider alternatives that offer more stability, transparency, and a better return on investment, while adhering to principles of responsible financial management.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Postgoldforcash.com Review & First Look

Based on looking at the website, Postgoldforcash.com presents itself as a straightforward service for selling scrap gold and other precious metals.

The platform emphasizes ease of use, security, and competitive pricing, aiming to attract individuals looking to convert their unwanted jewelry or broken gold items into cash.

They highlight a simple three-step process: ordering a free selling pack, sending in your items via a pre-paid special delivery envelope, and receiving an offer with the option for quick payment or free return of your items.

Understanding the Process

The website outlines a clear, step-by-step approach to selling your precious metals:

• Requesting the Pack: Customers initiate the process by filling out an online form to receive a “free gold selling pack.” This pack is stated to contain all necessary materials for sending in items.
• Sending Your Items: The pack includes a pre-paid Special Delivery Envelope, which is Royal Mail’s insured and tracked service for valuable items. This is a crucial point for security, as it offers a level of protection during transit.
• Valuation and Offer: Upon receipt, items are assessed by valuers under CCTV surveillance. The website mentions that items are weighed using accurate electronic scales and acid-tested to determine purity. An offer is then communicated to the customer.
• Acceptance and Payment: If the offer is accepted, payment is processed within 24 hours via the customer’s preferred method. If the offer is declined, items are returned free of charge.

The company claims a strong track record, citing operation since 2009 and endorsements from various comparison sites.

They also mention being VAT registered and a trading division of 2 Kings Ltd.

And highlight their partnership with WH Smiths since 2010.

Postgoldforcash.com Cons

While the service offers a convenient way to sell precious metals, several aspects warrant caution and highlight potential drawbacks for those seeking to manage their assets wisely.

The very nature of selling valuable assets like gold for quick cash online can be problematic.

• Lack of Direct Negotiation: When you send your gold in, you are essentially at the mercy of their valuation. Unlike selling to a local jeweler where you can get multiple quotes and negotiate in person, this service involves a one-sided assessment. You receive an offer, and your options are to accept or have your items returned, which might not be ideal if you feel the offer is undervalued.
• Psychological Pressure for Quick Cash: The website’s emphasis on “cash within 24 hours” and “selling gold now” can create a sense of urgency. This might lead individuals to make hasty decisions about selling valuable assets without fully exploring their options or understanding the long-term implications.
• The Problem with Undervaluing Precious Metals: While Postgoldforcash.com claims to offer the “best online price,” the process of selling gold online, especially through mail-in services, frequently results in a lower payout than the actual market value or what could be achieved through more informed, direct sales channels.
  • Many online gold buyers factor in significant overheads and profit margins, which translates to a lower offer to the seller.
  • The “scrap gold” designation often implies that the items will be melted down, meaning that any artistic, historical, or sentimental value of jewelry is completely disregarded.
  • The convenience comes at a price. that price is often a substantial discount on what your gold is truly worth.
• Security Concerns, Despite Assurances: While the website stresses CCTV surveillance and insured delivery, the act of sending highly valuable items through the mail, even tracked, carries inherent risks.
  • Potential for Loss: Despite insurance, items can still be lost or damaged in transit. The claims process can be lengthy and frustrating.
  • Trust in Valuation: The entire valuation process occurs behind closed doors. While they show CCTV, you, the customer, are not privy to the live assessment, which can breed distrust regarding the accuracy and fairness of the valuation.
• Limited Transparency in Pricing Mechanism: The website states they offer the “best online price guaranteed,” but they don’t provide real-time pricing tools or detailed breakdowns of how they arrive at their offers. This opaque pricing mechanism makes it difficult for customers to independently verify if they are indeed getting a fair deal based on current gold spot prices and purity.
  • Fluctuating Gold Prices: Gold prices fluctuate daily, even hourly, based on global markets. An offer made today might be less favorable tomorrow, but without transparency, it’s hard for the customer to gauge.
  • Hidden Fees or Deductions: While not explicitly stated as fees, the discount taken by the buyer effectively acts as a hidden cost for the convenience offered.

Postgoldforcash.com Alternatives

Instead of resorting to quick cash sales for valuable assets like gold, which often lead to suboptimal outcomes, consider these more ethical and financially sound alternatives for preserving and growing wealth:

• Holding Gold as a Store of Value: For many, gold is a long-term asset, not something to be quickly liquidated. It serves as a hedge against inflation and economic uncertainty. Consider retaining your gold, especially if it holds sentimental value or you don’t have an immediate financial need.
  • Benefits of Holding: Gold has demonstrated its ability to maintain purchasing power over centuries. It’s tangible wealth that isn’t subject to the same risks as paper currency or many digital assets.
  • Diversification: Including gold in a diversified investment portfolio can help mitigate risk during volatile market periods.
• Seeking Halal Investment Opportunities: Instead of converting assets into immediate cash that might be spent impulsively, look for opportunities to invest in Sharia-compliant ventures.
  • Halal Stock Market Investments: Invest in companies that operate ethically and do not engage in forbidden activities e.g., alcohol, gambling, interest-based finance. Many Islamic indices and funds are available.
  • Real Estate: Investing in real estate, either directly or through Sharia-compliant REITs Real Estate Investment Trusts, can provide stable returns and act as a tangible asset.
  • Ethical Businesses: Support or invest in small, ethical businesses that provide beneficial goods or services to the community.
  • Commodities excluding interest-based derivatives: Investing in physical commodities, especially through direct ownership where permissible, can be an option.
• Responsible Debt Management and Budgeting: If the motivation for selling gold is to address financial difficulties, focus on sustainable solutions rather than quick fixes.
  • Creating a Budget: Develop a realistic budget to track income and expenses, identify areas for cost reduction, and create a savings plan.
  • Debt Elimination Plan: If you have debt, prioritize paying it off through disciplined budgeting and seeking interest-free alternatives if possible. Avoid using quick cash from selling assets to merely delay addressing underlying financial habits.
  • Emergency Fund: Build an emergency fund to cover unexpected expenses. This prevents the need to liquidate valuable assets during a crisis.
• Donating to Charity Sadaqah: If you possess gold that you no longer need or value, consider donating a portion of its value to charitable causes. This not only benefits those in need but also accrues spiritual rewards.
  • Zakat on Gold: Remember that gold, if it meets the Nisab minimum threshold and has been in your possession for a lunar year, is subject to Zakat, an obligatory charity. Fulfilling this religious obligation is a beautiful way to purify your wealth and benefit society.
  • Voluntary Charity Sadaqah: Beyond Zakat, any additional donations are considered Sadaqah, a highly encouraged act of generosity.
• In-Person Sales to Reputable Buyers: If you absolutely must sell, explore reputable local jewelers or precious metal dealers.
  • Multiple Quotes: Obtain quotes from several buyers to ensure you get the best possible price.
  • Transparency: Conduct the transaction in person, where you can observe the weighing and testing process.
  • Immediate Payment: You can receive payment on the spot, eliminating the risks associated with mailing valuables. Always prioritize immediate possession or exchange to avoid “gharar” excessive uncertainty which is impermissible in Islamic finance.

How to Cancel Postgoldforcash.com Free Pack Request

Based on the information available on their website, canceling a request for a free gold selling pack or withdrawing your items before accepting an offer is straightforward.

They emphasize customer satisfaction and the ability to retrieve your gold if you are not happy with the offer.

• Canceling the Pack Request: If you’ve ordered a free pack but haven’t received it or have changed your mind before sending anything, the best approach is to contact their customer service directly. Look for their email address [email protected] or phone number on their website. A simple email or call stating you wish to cancel your pack request should suffice. There is no explicit “cancel order” button on the website for pack requests, so direct communication is key.
• Withdrawing Your Items After Sending: The website clearly states: “Should you decide not to accept our offer, your items will be returned to you at our cost.” This means if you send your gold in, receive an offer, and are not satisfied with it, you can simply decline the offer, and they are obligated to return your items to you free of charge.
  • Communication is Key: When they contact you with an offer, you will have the opportunity to accept or decline. Clearly communicate your decision to decline the offer.
  • Tracking the Return: While they return items at their cost, it’s wise to inquire about the return shipping method and tracking details to ensure your items are safely on their way back to you.

It’s crucial to act promptly and clearly communicate your intentions at every stage.

Given the value of the items involved, maintaining clear written communication e.g., email is always a good practice.

Postgoldforcash.com Pricing

The website states a commitment to offering the “best online price” for gold, platinum, jewelry, silver, and palladium.

However, it’s important to understand how online gold buying services generally determine their pricing and what this “best online price” actually means in practice.

• No Real-time Pricing Tool: Unlike some competitors or professional metal trading platforms, Postgoldforcash.com does not provide an interactive tool or chart on their website that shows current payout rates based on gold purity karat and weight. This means you won’t know the exact price per gram or ounce they are offering until after they receive and assess your items.
• Factors Influencing the Offer: The offer you receive will primarily depend on:
  • Spot Price of Gold/Silver/Platinum/Palladium: This is the current market price for an ounce of pure metal. This fluctuates constantly.
  • Purity Karat: Your items will be assessed for their purity e.g., 9K, 14K, 18K, 22K, 24K for gold. Sterling Silver for silver. The higher the purity, the more valuable the metal content.
  • Weight: The weight of the pure metal content in your items is the primary determinant of value. They use highly accurate electronic scales approved by HM Weights and Measures Act 1985.
  • Their Margin: All gold buying services operate on a profit margin. They will offer you a price that is a percentage of the actual market value, allowing them to make a profit when they refine or resell the metal. This is a standard business practice but means you won’t get 100% of the spot price.
• “Best Online Price Guaranteed”: This guarantee typically refers to their comparison against other online gold buyers. It doesn’t necessarily mean you’re getting the absolute highest price compared to, for example, selling to a private collector or a specialized dealer who might value craftsmanship over scrap weight. They mention being rated highly by “goldpricechecker.com, compareandrecycle.co.uk and sellgoldcomparison.co.uk,” suggesting they benchmark themselves against other online services.
• Scrap Value Basis: It’s critical to remember that services like Postgoldforcash.com buy items for their scrap metal value. This means they are interested in the intrinsic value of the gold, silver, or platinum content, not the aesthetic or historical value of the jewelry piece itself. A broken chain or a designer ring will be valued based solely on its metal weight and purity, not its original retail price or craftsmanship.
  • This is a significant consideration, as often the retail price of jewelry includes design, brand, and labor costs that are entirely disregarded in a scrap metal valuation.

Postgoldforcash.com vs. Local Jewelers

When considering selling your precious metals, the choice between an online mail-in service like Postgoldforcash.com and a local brick-and-mortar jeweler presents distinct advantages and disadvantages, particularly from the perspective of transparency, negotiation, and adherence to sound financial principles.

Postgoldforcash.com Online Mail-in Service:

• Convenience:
  • Pros: The primary advantage is convenience. You can initiate the process from home, send your items via mail, and receive an offer without leaving your house. This can be appealing for those with limited time or mobility.
  • Cons: This convenience comes at the cost of direct interaction. You cannot physically witness the valuation process or directly negotiate the price.
• Process Transparency:
  • Pros: They claim to use CCTV for valuation and adhere to Weights and Measures Act standards. They also return items free if you decline the offer.
  • Cons: Despite their claims, the valuation process is not directly observable by the customer. This lack of real-time, in-person transparency can lead to doubts about the fairness of the assessment and the accuracy of the offer. You are trusting them entirely with the assessment of your valuable items.
• Pricing & Negotiation:
  • Pros: They guarantee the “best online price” and benchmark against other online buyers, suggesting competitive rates within that specific market segment.
  • Cons: No negotiation is possible. The offer is typically a take-it-or-leave-it proposition. Their profit margin is built into the offer, which means you are unlikely to receive the full market value of the metal. The lack of an immediate, interactive pricing tool makes it difficult to compare their potential offer with real-time market prices before sending your items.
• Security of Items:
  • Pros: They provide a Royal Mail Special Delivery Envelope, which is insured and tracked, offering a level of security during transit.
  • Cons: Despite insurance, there’s always an inherent risk when mailing high-value items. Loss or damage, while rare, can lead to a lengthy claims process. The items are out of your possession and control for a period.

Local Jewelers Brick-and-Mortar:

*   Pros: You can visit them in person, often on the same day, and get an immediate quote.
*   Cons: Requires physical travel and time commitment. You might need to visit multiple jewelers to compare offers.
*   Pros: You can typically watch the jeweler weigh your gold and test its purity in front of you. This direct observation provides a high level of transparency and builds trust. You can ask questions and understand their methodology.
*   Cons: Not all jewelers are equally transparent, so it's wise to choose reputable establishments.
*   Pros: You can get multiple quotes from different jewelers, allowing for direct comparison. More importantly, you often have the opportunity to negotiate the price. A local jeweler might offer a better price, especially if they are looking to melt down the gold or resell it directly.
*   Cons: Prices can vary significantly between local jewelers, necessitating comparison shopping.
*   Pros: Your items never leave your sight until you agree to the sale and receive payment. This eliminates the risk of loss or damage during transit. You receive immediate payment, often in cash or by secure bank transfer.
*   Cons: No significant cons regarding security in this direct interaction.

Conclusion:

From an ethical and financial prudence perspective, a local jeweler or reputable precious metals dealer is generally a superior alternative to Postgoldforcash.com for selling gold and other precious metals. The transparency, immediate payment, and opportunity for negotiation offered by local jewelers align better with principles of fair dealing and responsible asset management. While Postgoldforcash.com offers convenience, the compromises in transparency, lack of negotiation, and the inherent risks of mailing valuable items make it a less favorable option for those who prioritize maximizing their return and ensuring a clear, trustworthy transaction. It’s always advisable to explore your local options first to ensure you receive a fair value for your precious assets.

Postgoldforcash.com Security Measures

Postgoldforcash.com places a significant emphasis on security, likely due to the nature of their business involving valuable items sent through the mail.

They detail several measures designed to reassure customers about the safety and security of their precious metals from the moment they are sent until a transaction is complete.

• Royal Mail Special Delivery Envelope: This is the cornerstone of their transit security. They provide a pre-paid, insured, and tracked Special Delivery Envelope.
  • Insurance: Royal Mail Special Delivery offers compensation cover for loss or damage, typically up to a certain value, which can be increased for an additional fee. This ensures that the items are covered during their journey.
  • Tracking: The tracking feature allows both the sender and receiver to monitor the parcel’s progress, providing peace of mind and accountability.
  • Signed For: Special Delivery items generally require a signature upon delivery, reducing the risk of items being left unattended.
• CCTV Surveillance During Valuation: The website states that items are handled and assessed by highly trained valuers under “constant CCTV surveillance” for security. When packages are opened and contents checked against the ‘Itemised List,’ this process is recorded under “close up CCTV surveillance.”
  • Accountability: This measure is designed to provide accountability and a record of the valuation process, which can be reviewed in case of any discrepancies or disputes.
  • Deterrent: The presence of cameras also acts as a deterrent against any mishandling or theft.
• Internal Protocols and Procedures: They mention a step-by-step process upon receiving gold:
  • Unique customer reference number identification.
  • Contents checked against the ‘Itemised List’ filled in by the customer.
  • Separation and testing of different metals/grades.
  • Weighing with HM Weights and Measures Act 1985 approved scales.
  • This structured approach aims to minimize errors and ensure consistency in valuation.
• Company Registration and VAT Status: Postgoldforcash.com operates as a trading division of 2 Kings Ltd., a UK company registered with Companies House registration number 07970890. They are also VAT registered through HMRC VAT number 1352048842.
  • Legitimacy: Being a registered company and VAT compliant lends credibility and demonstrates adherence to legal and financial regulations in the UK.
  • Track Record: They state they have been trading since 2009 and mention their directors have “excellent track records,” further emphasizing their long-standing presence and reliability in the market.
• Customer Service for Concerns: They provide an email address [email protected] for customers to raise any problems, stating that “one of our Directors will look into it.” This direct line of communication with senior management is intended to build trust and ensure prompt resolution of issues.
• Insurance Against Theft or Loss Internal: Beyond the Royal Mail insurance, they explicitly state, “we are insured against theft or loss” within their own premises. This provides an additional layer of security once the items have arrived at their facility.

While these security measures are robust and address common concerns about sending valuable items through the mail, it’s important to remember that complete peace of mind can only be achieved through direct, in-person transactions where you maintain control and oversight of your assets at all times.

The measures taken by Postgoldforcash.com are designed to mitigate risks in an online mail-in model, but the ultimate decision rests on the individual’s comfort level with such a process.

Postgoldforcash.com Charity Contributions

The Postgoldforcash.com website highlights a commitment to charitable giving, stating, “We donated over £10,000 to charity in 2024 and will continue to donate £1 to charity for every new customer in 2025.” This is a commendable initiative that aligns with the broader Islamic principle of giving back to the community and helping those in need.

• Transparency in Giving: The specific mention of a fixed amount donated in 2024 £10,000 and a per-customer donation model for 2025 £1 for every new customer provides a level of transparency regarding their charitable efforts. This allows customers to see a tangible impact of their business choice beyond just their own transaction.
• Impact of the Initiative: While the exact charities benefiting are not named on the homepage, the general commitment to charity is a positive aspect. In Islam, charity Sadaqah is highly encouraged, and businesses that integrate social responsibility into their model are viewed favorably.
  • This initiative contributes to the well-being of society by providing funds to various causes.
  • It also encourages ethical consumerism, as customers might be inclined to choose a service that contributes to charity.
• Broader Islamic Perspective on Business and Charity:
  • Zakat: For a business, paying Zakat on its profits and assets is an obligation. While Postgoldforcash.com’s initiative is a form of voluntary charity Sadaqah, it complements the broader spirit of Zakat.
  • Social Responsibility: Islamic teachings emphasize that wealth is a trust from Allah, and businesses have a social responsibility to contribute to the welfare of the community beyond just profit generation. Donating a portion of earnings or a fixed amount per transaction is a practical way to fulfill this.
  • Barakah Blessing: It is believed that giving charity increases blessings Barakah in one’s wealth and business. This practice can contribute to the long-term success and sustainability of the enterprise.

While the primary service of Postgoldforcash.com involves selling precious metals, their charitable contributions add a positive dimension to their operation.

For individuals who are considering using their service, knowing that a portion of the company’s earnings is directed towards charitable causes might be an appealing factor, aligning with values of social responsibility and giving.

However, it should not overshadow the financial prudence required when selling valuable assets, ensuring that one gets a fair price for their items regardless of the company’s charitable endeavors.

Frequently Asked Questions

Is Postgoldforcash.com a legitimate company?

Yes, based on the website, Postgoldforcash.com states it has been trading since 2009 and is a trading division of 2 Kings Ltd., a UK company registered with Companies House registration number 07970890. They are also VAT registered through HMRC.

How does Postgoldforcash.com work?

You request a free gold selling pack online, send your gold via their pre-paid Special Delivery Envelope, they assess your items, make an offer, and if you accept, they pay you within 24 hours. If you decline, they return your gold for free.

Is it safe to send gold through the mail to Postgoldforcash.com?

Yes, they provide a Royal Mail Special Delivery Envelope, which is insured and tracked, and they state their internal valuation process is under constant CCTV surveillance and they are insured against theft or loss within their premises.

What types of precious metals does Postgoldforcash.com buy?

They buy gold, platinum, jewelry, silver, and palladium.

How quickly will I get paid by Postgoldforcash.com?

If you accept their offer, they claim to pay within 24 hours.

What if I don’t know the purity or weight of my gold?

No problem.

You can fill in their ‘Itemised List’ with what you know, and their expert valuers will establish the gold grades and weigh the items using accurate electronic scales.

Do they buy broken or poor condition gold?

Yes, they buy items to melt them down, so the condition does not matter.

What if I am not happy with the offer from Postgoldforcash.com?

If you decide not to accept their offer, your items will be returned to you at their cost.

Does Postgoldforcash.com offer the best price?

They claim to offer the “best online price guaranteed” and mention being rated highly by gold comparison sites. Servertechcentral.com Reviews

However, it’s always advisable to compare offers from multiple sources, including local jewelers.

How does Postgoldforcash.com determine the value of my gold?

They assess your items based on the current market spot price of the metal, its purity karat, and its precise weight, using accurate electronic scales.

What is the £500 prize draw mentioned on the website?

The website promotes a “Fancy an extra £500? Get a free pack to enter our £500 prize draw!” This appears to be a promotional lottery to incentivize new customers.

Is the £500 prize draw permissible?

No, engaging in prize draws or lotteries is a form of gambling Maysir, which is impermissible.

It involves speculation and relies on chance, leading to potentially unjustified gain at the expense of others. It is better to avoid such activities.

What are the alternatives to selling gold for cash?

Consider holding gold as a long-term store of value, exploring halal investment opportunities e.g., ethical stocks, real estate, focusing on responsible debt management and budgeting, or donating a portion to charity.

Can I track my gold parcel after sending it to Postgoldforcash.com?

Yes, as they provide a Royal Mail Special Delivery Envelope, your parcel will be tracked, allowing you to monitor its progress.

What security measures does Postgoldforcash.com use for my gold once received?

They state that your package is opened under close-up CCTV surveillance, and they are insured against theft or loss within their premises.

Does Postgoldforcash.com charge any fees?

While they don’t explicitly list fees, their profit margin is built into the offer they make for your gold, meaning the price you receive will be less than the full market spot value.

Can I cancel my request for a free gold selling pack?

Yes, you should be able to cancel your request by contacting their customer service directly via email or phone before you send any items. Maplewells.trade Reviews

What is 2 Kings Ltd.?

2 Kings Ltd.

Is the registered UK company of which Postgoldforcash.com is a trading division.

How long has Postgoldforcash.com been in business?

The website states they have been trading since 2009.

Does Postgoldforcash.com buy unhallmarked gold?

Yes, they explicitly state, “Unlike many of our competitors, we do NOT pay a lower rate for unhallmarked gold.”