Selling your gold or fine jewelry for top dollar can take time, as valuations can vary. Alloy Market is committed to changing our sales process to ensure our customers receive competitive offers and fast payments.
Our Alloys Market Review looks at how safe it can be to sell your precious metals with free shipping kits and video valuations.
summary
Alloy Market buys gold, silver, platinum and palladium at competitive prices and same-day payments. Take advantage of free insured shipping and video evaluation to receive offers you can trust. You can work with a dedicated advisor to sell your broken or damaged artwork.
Strong Points
- free shipping kit
- video appraisal
- quick payment
- No hidden fees
Cons
- Payment below melt value
- I need to ship the item
- Gems payout is low
- Offer must be accepted within 48 hours
What is the alloy market?
Alloy buys gold and precious metals through free, insured shipping and dedicated advisors who provide hands-on support. Selling gold, silver, platinum or palladium on this platform is free. Additionally, we offer to match a competitor’s offer or return the metal if you are not satisfied with the formal appraisal.
By taking the video evaluation, you will appreciate the platform’s transparent sales process. This testing method describes how Alloy evaluates metals and gemstones, whereas similar services may only send written offers based on weight and purity.
Expect to receive payment the same day you accept the offer. If you decide to go with another great place to sell your gold, this platform offers free return shipping.
I like a hands-on, transparent process because it adds a level of trust when selling hundreds or thousands of dollars worth of precious metals and fine jewelry. One potential hesitation is that Alloy is just starting his 2022 year and has a limited track record. Despite this, it has many positive customer reviews and is successful in selling valuables.
How does the alloy market work?
Valuable items can be mailed to Alloy’s warehouse in Pennsylvania. Below is a step-by-step guide to safely sell metals and receive fast payments.
Free assessment kit
First, request a free evaluation kit and it will arrive in the mail within 5 business days. Package and return eligible items using the United States Postal Service (USPS). This kit includes a prepaid mailing label with up to $100,000 in shipping insurance.
You can sell the following metals for free.
- Money: Bars, bullion, coins, bracelets, chains, crowns, earrings, tableware, rings, watches, watch bands.
- Silver: Bars, jewelry, necklaces and chains, sterling silver coins, rings, and sterling silver flatware.
- platinum: Rods, crucibles, necklaces, rings, scrap wire.
- palladium: Rods, crucibles, jewelry, rings, scrap wire.
If you sell diamond jewelry or settings that include semi-precious stones, you may receive a higher valuation. However, there is no jewelry removal service, so you may want to have your jewelry removed before shipping the metal.
Don’t sell collectible coins or jewelry as they could be worth more since you are basically setting the current spot price. When it comes to gold and silver coins, Alloy only buys rounds that cannot be used as currency.
Recorded video appraisal
Valuables must be shipped to an inspection center, but you can view the recorded gemstone certificate. Openings and final offers are recorded so you know exactly what the review is considering to avoid confusion. Most appraisals are completed within 24 hours of arrival.
The service can also implement X-ray technology and acid testing to verify the purity of the contents. Alloy makes offers based on the amount and purity of the metal, so the condition of the item does not affect the price.
Mail-in appraisals typically only include an email offer upon pickup of the package. However, knowing the weight and purity of the metal before you put it in your shipping kit will help you accurately compare quotes and professional assessments.
I don’t feel comfortable sending valuable items by mail for long-distance appraisals, so I especially like watching videos of appraisals. It’s helpful to find out how much value a diamond or gemstone will be worth during the appraisal.
Dedicated alloy advisor
The same advisor will work with you by phone and email from start to finish. Your advisor will answer your initial questions as you prepare your inventory for shipment and valuation.
Your advisor will guide you through the valuation and payment process. For example, if another gold buying service has a more competitive offer and you want to see if Alloy can match it, they can be your point of contact.
Easy access to precious metals experts gives you instant hands-on support and confidence.
Same day payment
Expect the final offer to arrive the same day Alloy receives the metal. Same-day payments available via PayPal, Venmo, and Wire.
It will take up to 24 hours from the time of arrival for our experts to appraise your gold and silver. If you accept an offer, your payment will be made immediately, but it may take a few days if you choose direct deposit or paper check coverage.
Appraisal offers via phone and email are accepted within 48 hours. If you do not respond, Alloy will automatically transfer funds using your preferred payment method.
Free return shipping
You do not have to accept the final offer. If you refuse, Alloy will return the item free of charge and include up to $100,000 in shipping insurance.
Online gold exchanges commonly offer free return shipping, and this feature adds even more credibility. It also reduces the pressure of accepting undesirable offers or paying unnecessary fees when you need money now.
We also appreciate that Alloy uses USPS for its shipping needs while its competitors may partner with FedEx or UPS. This means it’s easy to mail the item and return it to your address or postbox.
What are the fees involved?
There are no fees with a prepaid shipping label, at least $5,000 in shipping insurance, and free return shipping. This is not a hidden fee, but keep in mind that Alloy sells the metal to the refiner at market price and has to offset its operating expenses, so the final offer is below the spot price. It is important.
Some same-day payment methods may incur service fees charged by your digital wallet or bank. If you would like to pay via PayPal, Venmo, or wire transfer, please check our fee schedule.
How much money can I make?
Your offer price is at least 65% of the spot metal price. Pure gold with a purity of 24K receives the highest percentage, with a minimum valuation of 90.5%.
The valuation of attached diamonds and gemstones varies on a case-by-case basis. Consider Alloy primarily to sell precious metals and consider the proceeds from gemstones as bonus income.
Alloy regularly offers bonuses and promo codes that can increase your payout potential the closer you get to the melt value. You can check your active offers by contacting your advisor or emailing customer support.
Most gold earrings, necklaces, and rings sell for between $150 and $300. More luxurious pieces are valued at $400 to $2,000. Spot melt values are determined by weight and purity without considering condition or collector requirements.
The spot price of silver is lower than gold, so you can expect to make less profit if you sell silver. However, you can make a little cash by selling multiple pieces.
Many services do not disclose minimum payment amounts. As a result, you can easily estimate your earning potential.
How will I be paid?
The payment methods and corresponding payment speeds are as follows:
- PayPal: immediately
- Venmo: immediately
- wire transfer: same day
- ACH or direct deposit: 2-3 business days
- Checks mailed: 7-14 business days
Alternatives in the alloy market
You can also compare offers from these platforms to ensure you get the best amount.
- gold in cash usa: Sell your gold, silver, and diamonds with free prepaid shipping and up to $5,000 in free insurance. Receive a 10% bonus on your first shipment. Same-day payment is possible and return shipping is free.
- express gold cash: Free, insured next day shipping via FedEx available for orders up to $100,000. You will receive your payment within 24 hours of the appraisal. The platform has over 25 years of buying experience, free valuations and free return shipping.
- worthy: Consider this platform to sell collectible, high-end jewelry and precious gemstones. Prepare your items for auction with free shipping and professional cleaning. We pay a small success fee for items sold, but you can earn more than the melt value.
FAQ
Below are some questions to consider when deciding whether Alloy is worth it.
Is the alloy market legal?
Alloy Market offers many fixed payments at competitive rates. Customers give Trustpilot excellent reviews, praising its fast processing speeds, free shipping, and no hidden fees. The company’s customer satisfaction scores are higher than those of some of its competitors.
Does Alloy Market pay spot prices?
Unfortunately, the minimum payment is 65% of the spot metal price and is as low as 90.5% for 24K gold and bullion. Both payments can be even higher with promotions and promo codes. These payments are competitive with similar platforms and can be higher as some buyers may offer only 30% of the melt value.
Will Alloy Market buy my broken jewelry?
Yes, it is possible to sell broken or damaged jewelry as long as it is made of gold, silver, platinum, or palladium. Appraisal value is determined solely by the weight and purity of the metal, not functionality or collectability.
What are Alloy Market’s customer service options?
Phone and text support is available weekdays from 9:00 AM to 5:00 PM Eastern Time. Email support is also available. Active sellers can work directly with an advisor throughout the sales process.
summary
When selling gold, silver, or precious metals, the valuation can vary widely. Alloy Market practices integrity and extensive practical support, so you can be sure that you receive the most money for your unwanted jewelry or scrap gold and silver.
It’s easy to determine the value of your precious metals collection with our free shipping kit and free valuation.