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May 25, 2021

California Gold and Silver Exchange Review: Go or beware?

Welcome to my review of California Gold and Silver Exchange!

Have you heard of this gold and silver exchange company? Are you interested in availing of their products and services?

If so, let’s first get to know them and who they are before you start associating yourself with them.

So, let’s start!

What is California Gold and Silver Exchange?

California Gold and Silver Exchange Review

California Gold & Silver Exchange is an exchange company that is a family-owned & operated business. They are located in Southern California.

Their company is in the industry for over 40 years and was founded by their father who’s an owner of a gold business.

More so, they specialize in gold jewelry, sterling & diamonds, as well as gold & silver bullion and coins.

Given that they exchange, they buy and sell the aforementioned precious items.

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Products and Services of California Gold & Silver Exchange

In this California Gold & Silver Exchange Review, here are their services:

What California Gold & Silver Exchange BUY

California Gold and Silver Exchange Review

The company offers itself as a one-stop place to sell. They pay cash for your gold, silver, & precious metals in almost all forms.

It’s fine if the item is old, new, broken, mismatched, or single items.

They buy the following items:

Gold & Silver Jewelry

California Gold & Silver Exchange pays accordingly for 18k, 21k, 22k, and 24 karat gold. They also buy even if it is from overseas like Asia, Europe, India, The Middle East, or South America. 

Aside from this, they buy anything gold, including rings, chains, bracelets, necklaces, earrings, pendants, money clips, bangles, charms, watches, and more. 

They also use an XRF X-ray analyzer to properly evaluate your gold jewelry. The company also buys jewelry as low as 8 and 9 karat gold, but most of the items that they buy are the traditional 10 karats, 14 karats, 18 karats, 22 karats, and 24 karat gold.

On the other hand, they also buy sterling jewelry in any condition including vintage, antique, damaged, broken, or silver jewelry.

They buy those silver jewelry that is stamped with a hallmark of either “.925” or “sterling.”

Thus, they don’t buy German Silver, Alpaca, or Nickle Silver. They also use a Precious metal analyzer to determine exactly what metal you have.

Gold coins and bullions

California Gold & Silver Exchange buys gold coins from around the world. They use World Coin Price Guides from the 1700s to the present. 

More so, they buy graded coins from PCGS, NGC, and other grading services.

Diamonds

They buy diamonds of all shapes and sizes. The company also has 3 experienced diamond buyers who have graduated from the Diamond Essentials program thru the Gemological Institute of America. So, they determine the diamond clarity of your stone.

Silver

California Gold & Silver Exchange buys sterling jewelry, sterling silverware, sterling medallions, silver bullions, and silver coins.

PCGS & NGC Coins

Platinum and Palladium Coins and Bars

Dental Gold

They buy any dental crowns, bridges, or fillings containing gold. The purity of the dental gold is 10-20 Karats. It is alloyed with other metals like silver, copper, tin, or titanium.

Reminder: If you will sell to them, you need to provide a photo ID detailing your age and address.

What California Gold & Silver Exchange SELL

Here’s what California Gold & Silver Exchange sells:

Gold Items: Coins and bars

California Gold and Silver Exchange Review

California Gold and Silver Exchange Review

Silver Items: Coins and bars

Platinum and Palladium Items

Ratings and Reviews of California Gold & Silver Exchange 

Here are some of the ratings and reviews of California Gold & Silver Exchange:

  • Scales Certified Annually by San Bernardino County Agriculture/Weight & Measures
  • Authorized Dealer of the PCGS (Professional Coin Grading Services)
  • Authorized Dealer of the NGC (Numismatic Guaranty Corporation)
  • Google Reviews: 4.8/5.0 (63 reviews)
  • BBB Accredited Business= Rated A+ (0 reviews)
  • Yelp: 4.4/5.0 (79 reviews)

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What I LIKE About California Gold & Silver Exchange 

  • Accredited and has good reviews

California Gold & Silver Exchange has plenty of good reviews and is accredited by trusted and reputable companies. So, this indicates that you can trust them a lot given the good ratings.

  • They have testers for the authenticity of the precious metals and stones

The company has a tester of what type and grade of precious metals or stone you have. So, you’ll never outsmart them when it comes to this. They have state-of-the-art equipment and a well-knowledgeable staff to do the judging for them.

What I HATE About California Gold & Silver Exchange 

  • They don’t indicate IRA-eligible items

For investors and retirees, I think it is important to sell gold or other precious metals that are IRA-eligible. And if you are selling one, you should also indicate it. There’s not much information about this part.

  • No online stores/ transactions

Apparently, if you want to purchase something from them, you must go to their stores and transact during regular business hours.

This is a little old-fashioned given that most businesses allow online transactions and other stuff which can be done online.

  • They buy all sorts of things and limited items for sale

As you have seen in this review, the BUY section is a lot longer compared to the SELL section. This is because California Gold & Silver Exchange has limited items for sale but they are willing to buy all sorts of valuable items from you.

So, if you are planning to buy something like pieces of jewelry and other precious items, they are not the ones for you.

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Is California Gold & Silver Exchange a Scam?

As a result of this review, California Gold & Silver Exchange is NOT A SCAM.

However, they are an exchange company (that do mostly buying). If you are looking for gold and precious metals for your IRAs that would help secure your future, this is not the one for you.

But nevertheless, California Gold & Silver Exchange is a good company that uses state-of-the-art equipment and materials to determine the quality of the items you have.

You’ll then be sure that what you have is worth something.

On the other hand, you’ll also be sure that you will be getting truly valuable items from them.

Final Thoughts

California Gold & Silver Exchange is a company that does good in what it does.

However, I highly suggest or recommend this company if you are planning to SELL something.

On the other hand, what I truly recommend to satisfy your retirement savings and investment portfolio is the #1 gold and precious metals company- GOLDCO.

Goldco is a company that offers IRA-eligible precious metals to diversify your portfolios and provide security to your assets and money. Read more about them by clicking below!

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I hope you learn a thing or two from this review! Remember, be smart when spending too much and investing too much! Do a lot of research and know your way through everything.

With that, thank you for reading this!

You can leave your comments and reactions below 🙂

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