Garfield Refining Company
Offered me $300 for $1200 worth of gold / silver? PLEASE READ! Protect yourself!

Shops, Products, Services

I was told by a friend who used to own a local Pawn Shop that Garfield Refinery was a dependable place to send your scrap gold to for converting to cash. I had already taken my gold to a local pawn shop and was told they would pay $11.00 a gram for 14 Karat gold. I called Garfield Refining Company, and they said they would pay me $16.21 per gram to individuals for 14 Karat gold AFTER their small refining fee. I was pleased to see they would pay this much. I tested my gold, weighed it, and calculated I had AT LEAST $856.00 worth of gold according to their quote, and I also sent in over 2 pounds of sterling silver (with an approximate value of $400.00). When the check arrived, it was for $302.00!!!

I immediately called, and was told it would be TWO DAYS before they could pull my information to see if there was a mistake. I was also told "Perhaps the items you thought were gold were actually gold plated." Again, all of this gold was tested twice by myself and the local pawn shop before sending it in! When this didn't work, they told me perhaps they could try to give me a better OFFER two days from now! I was also told "perhaps you should have included a detailed list of what you sent us and what you had already been offered for the items... This way, we could see if our company could match or beat that quote." *I told them I was quoted $16.21 per gram by THEIR company BEFORE sending it in! * Their "detailed report" accompanying the check stated "Gold—$165.00; Silver—$137.00." No details such as weights, any non-precious metals found, etc. I asked them on the phone "How much did my metals weigh?" They would NOT tell me! I just told them I was sending the check back to them. They still tried to get me to wait until two days later (this would have made me pass the 10 day guarantee date, and by default, I would have had no choice but to take the $302.00!)

I returned the check, and received melted blobs of what "looks" like gold and silver. Now I have no clue what percentage of gold vs alloy I have, or what percentage of silver vs alloy! What in the world can I do with this now! Send it off to another refinery??? I DON'T THINK SO! I would have been better off to have kept my gold and sold it locally. I am glad of one thing... That I do not belong to a company who reaps their rewards by preying on the elderly and those who desperately need any money offered to them. If that's what it takes for this company to get ahead in life, I don't see how they can sleep at night knowing that it all comes back to them in the end.


Company: Garfield Refining Company
Country: USA
State: Pennsylvania
City: Philadelphia
Address: 810 East Cayuga Street
Phone: 8005230968
  <     >  

RELATED COMPLAINTS

Garfield Refining
Had 14.1 grams of 14k gold bracelet stamped 14k and jewler stamp and 10 grams. 925 Silver. My calculation with gold at 1730per oz was appx $500.00. They offered me $80.00 I asked for return

Garfield Refining Company
Beware!

Cash 4 Gold
Ip off

Alliance Precious Metals Group
They pay just a fraction of the value of your gold

Brtish Gold Refinery
Consumer Report

Ohio Valley Gold and Silver Refinery
Lowballing gold sellers throughout California

Pandora-collections.com
Consumer Report

Gold and Silver Buyers
Graymeiren Holdings, LLC Deceptive advertising, rips off gold/silver sellers

British Gold Refinery UK
Consumer Report

Garfield Refining Company
Gold crown rip off