Local Cash for Gold – How One Company is Putting a Friendly Face to a Scorned Industry

Cash-for-Gold buyers and pawnshops have faced many controversies in past years. A lot of people bring their gold and other valuables to these places in hopes of aiding their financial woes, only to be shocked and disgusted at how little they were being paid for their assets. Bad business practices, misleading claims, and employees who were trained to rip you off, all contributed to the negative stigma towards this industry.

One innovative business in Rochester, New York, chose to offer top prices and services, becoming the preferred pawnshop for its locality. Ridge Coin and Gold Exchange has gained a fantastic reputation from its clients throughout its 45 years of business.

The business has come up with novel ideas to attract more customers and cater to certain needs. They have integrated modern business practices to continue to offer the best services to their clients.


Social Media Integration

Ridge Coin and Gold Exchange can be found on Facebook, Google+, YouTube, and Pinterest. Reviews of their services can be found on review websites such as Yelp and Yellow Pages where they receive many 5-star ratings from clients. People frequently comment on how polite and friendly the employees are. Another thing that is commonly mentioned is how the business continuously provides the best prices among all other pawnshops in the area. One commenter talked about how he was given $360 in their pawnshop but was only offered $40 in another place. In 2013 they held a “Wealthy Wednesday” promo where they awarded $100 to lucky winners of the contest.


Expanded Services

Some pawnshops will only appraise your gold and diamonds then ignore other gemstones your jewelry may contain. Ridge Coin and Gold Exchange will value your jewelry as a whole. Their services expanded to include buying jewelry, watches, estates, collections, antiques, and many more. If it has value, they may purchase it! You may walk in their stores for a free appraisal or call them over the phone for an estimate. Their shops are open 9am-7pm, 7 days a week.


Buy-Back Program

If you need a quick loan but don’t want to sell your valuables, you could avail of this program. You hand over your item in exchange for cash and they hold it for you until you are ready to buy it back. You purchase your item back for the same amount plus some storage and setup fees. They won’t try to sell it until the agreed schedule has passed.


Gold Parties

Ridge Coin and Gold Exchange offers ‘Gold Parties’ where you invite friends to a party to sell their valuables. Experts will be present to appraise your friends’ valuables and offer cash for them. They offer no-obligation, on-the-spot appraisals and give you and the host a bonus for every item sold.

Their high customer satisfaction rankings and honesty with gold values has made them the pawn shop of choice in Rochester, New York. You can also check out Sell Your Gold Locations if you are looking for other gold buyers in the Rochester area.

Online Cash for Gold Buyer Reviews

Remember back in 2009 when MC Hammer was trying to get you to send your gold in to Cash4Gold?  Thankfully, that didn’t last very long.  It quickly became a joke – a sad joke really – because of how bad a deal cash for gold rates were back then.  They offered very low prices, despite record high prices in gold.

Well, the joke is over now.  People understand what gold is worth, and there is plenty of more trustworthy competition out there to fight to pay the highest prices.  Review sites help reveal which sites are trustworthy, which aren’t, and how to get the best price.

Gold ReviewsWe’ve found The Gold Selling Guide to be particularly useful for everything from pricing gold to finding a buyer.  You can figure out exactly how much your gold is worth, how to calculate it, and the best way to go about getting quotes for your gold.  They also have reviews for multiple companies on their website.

Most importantly, avoid the scams.  Here’s their guide to avoiding cash for gold scams.

Ratings are compiled based on a number of factors:

Insurance – how much do the gold companies insure packages for?

Price – You want to get the most cash for your gold.  They’ve done tests to see how pays the most.

BBB Rating – Are they accredited?  What is their current ranking?

Money Back Guarantee – Not happy with your payout amount?  This is how long the companies will give you to send back the gold for a full exchange if you’d rather have the jewelry than the cash.

Years in Business – You want to find a company that didn’t start up just now as gold has been exploding.  Many of the companies they feature have been in business for decades.

Customer Reviews – What’s better than hearing from people who actually worked with these companies?  You can see how many people are reviewing each company, as well as what kind of ratings and payouts they’re getting.

There’s a lot to look at when choosing a gold buyer.  And remember you can always at least take it to a local pawn shop or jewelry store for a quote too.  Most of these companies offer higher payouts, or even 110% guarantees to beat prices.  But still, it’s good to get at least a couple price quotes to get the most you can.

Express Gold Cash is frequently the highest rated buyer on many of the review sites.