What Recycle Frog Pays
Everyone says they 'pay more', but do they really? Most companies in our industry make exaggerated claims about their payout rates. Some post artificially high price per gram charts and others dream up "highest price guarantees" with lots of fine print.
Recycle Frog offers its customers payouts that consistently rank among the highest in the industry. Our significant growth and impressive list of corporate and charitable partners is a testament to how we do business. Whether you choose to deal with us or one of our competitors, please consider the following 4 critical factors that will determine a fair and accurate payout offer:
1 - Price Per Gram: Price Per Gram is important but it doesn't tell the whole story. Many companies post artificially high rates to lure customers in, and use material sorting and weights adjustments to lower their offer.
2 - Testing Accuracy: Gold and silver buyers are trained to perform complex tests to determine metal purity. The accuracy of the material test results is directly related to the technology used. Many gold buyers still use old acid tests, while some have no testing process at all. Good gold buyers will have state-of-the-art resistance testing equipment, accurate from 6 to 24K.
3 - Material Sorting: Once the purity is accurately determined, how honestly they sort your material will vary dramatically from company to company. Sorting someones material dishonestly often offsets a high 'advertised' per gram payout rate.
4 - Weight Adjustments: All gold and silver buyers will make weight adjustments to account for non-precious metal material such as stones, watch mechanics, etc. Exaggerated weight adjustments can literally cut a payout offer in half.
Consider a more familiar example... Your car's engine is making a strange new noise and is in need of repair. If you were to call five auto repair shops and ask only what their per hour labour rate was, the shop with lowest hourly rate wouldn't necessarily complete the job for the lowest overall cost. Other factors such as the skill of their mechanics, the price of their parts, and the honesty of the business would play a far more significant role in total cost of the repair.
The same holds true in our business. Focusing solely on the 'advertised' price per gram is not the best approach and often leads to lower, not higher, purchase offers.
The image here represents a recent transaction at our office. The customer had 14.6 grams of 10K and an additional 12.5 grams of 14K gold. On January 16th, 2012, this represented a purchase offer of $ 492.28. As you can see, even a little means a lot!
*** While the payout above may not be in real time - our payouts always are. All our offers are based on the actual price of gold ON THE DAY you receive an expert material evaluation.
Call us for an exact, daily updated price quote. ***
HOW OUR PAYOUT RATES COMPARE TO THE COMPETITION
Recycle Frog regularly evaluates the competition in order to ensure our offers are consistently 15-20% higher than the industry average. We know that those online 'cash for gold' companies pay between 15-30% of the material's actual value; antique roadshows aren't much better, with typical payouts that range from 20-40%; pawnshops, mall kiosks and payday loan companies regularly pay between 25-40%; independant jewellers can pay as much as 50%; while some exchange rate establishment payouts can range from as low as 45% to as high as 65%. Recycle Frog is always among the highest payout in the entire industry. Compare for yourself and put us to the test. It pays to shop around!
Before you do anything - please review the Jewellers Vigilance Committee and Canadian Jewellers Association's Top 10 Tips for Selling Your Gold
Other related items that might be of interest to you include:
• View ALL our Upcoming Events
• Top 10 Tips for Selling Your Gold • What We Buy
• Customer Testimonials
• Why Choose Us
