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Selling your precious metals? Hold those thoughts before you jump in. With shady dealers on every corner, you have to be strategic about who you trust with your gold.
You want someone with a shining reputation. Gold Guys has been the go-to dealer for well over a decade, providing a secure way to offload gold, silver, and more.
These folks have carved out their niche through transparency and competitive pricing. Their A+ BBB rating proves they put customers first. Gold Guys has you covered if you want a straightforward way to sell coins, bars, or unused jewelry.
But are they really the best in 2023? This comprehensive review weighs the pros and cons.
The precious metals game is changing. With fluctuating prices, sellers need a buyer they can trust. So if you’re looking to cash in your metals this year, we’ll give you the 411 to determine if Gold Guys measure up when it really counts.
Table of Contents
What Precious Metals Do the Gold Guys Buy
As the name suggests, gold is the star of the show at Gold Guys. But they deal in far more than the golden metal. Silver, diamonds, jewelry, bullion, and precious metal coins – Gold Guys buy and sell it all.
Let’s explore the wide range of valuables you can sell through Gold Guys:
Gold
True to their name, gold is Gold Guys’ claim to fame. They buy gold jewelry, coins, bars, and more in any karat – from 8kt to 24kt purity. Even broken, bent, or damaged gold still holds intrinsic value with Gold Guys.
Silver
This lustrous metal is another hot commodity at Gold Guys. They purchase silver jewelry, coins, bullion, and serving items like tea sets and trays. Sterling silver, coin silver, and scrap silver all have value to be tapped. Gold Guys pay based on silver purity rather than condition.
Precious Metal Coins
Gold Guys buys investment coins of gold, silver, platinum, palladium, and rhodium. Bullion value is based on metal type and weight. Reputable mints like the Perth Mint and APMEX are accepted.
Bullion
They purchase bullion bars and ingots of gold, silver, platinum, and other metals from trusted refineries. Condition is irrelevant – weight and composition determine value.
Jewelry
Gold Guys purchase all types of jewelry in any condition. They buy damaged, broken, or intact necklaces, bracelets, rings, watches, pendants, earrings, and more. Gold Guys assesses precious metal purity and weight, not aesthetic appeal.
Dental Gold
Outdated dental crowns, fillings, and porcelain teeth have cash potential. Gold Guys buy dental gold scrap without the need to separate crown from tooth.
Getting Started with Gold Guys
Selling your metals with Gold Guys is smooth sailing. They offer three easy ways to cash in: in-store, mail-in, or at-home service.
In-Store Service
By visiting a Gold Guys retail location, you can sell your metals and jewelry conveniently in person. Their professional staff will guide you through their evaluation and payout process transparently, without any sales pressure. They use specialized equipment on-site to assess precious metal content and condition. If satisfied with their purchase offer, you can complete the transaction on the spot and receive a check before leaving the store.
Gold Guys has a strong presence in Minnesota, with four key locations spread across the state. You can find their stores in the Oxboro Center in Bloomington, the Miller Hill Mall in Duluth, the Shoppes at Arbor Lakes in Maple Grove, and the Woodbury Lakes shopping center in Woodbury. These strategically located stores offer convenience and accessibility to customers in Minnesota.
Mail-In Service
Gold Guys offers a mail-in service for those who prefer the convenience and privacy of their home. They provide the same value for your items as if you were in the store, without the hassle of driving. The process is simple: you request a mail-in kit, securely package your items, and send them to their Woodbury, MN location via UPS. Once your items are received and assessed, you receive an offer over the phone. If you’re not 100% satisfied with the offer, they send your items back free of charge. This service is insured, ensuring the safety of your items during transit.
In-Home Service
Understanding that not everyone feels comfortable bringing large amounts of gold and other precious metals to their store, Gold Guys offers an at-home service. A representative will visit your home or office, equipped to evaluate your metals. They will assess your items on-site and provide a confidential, no-obligation purchase offer. This spares you the need to transport large volumes of precious metals yourself. This service is based on a short phone consultation to determine if it’s the right fit for you.
Gold Guys Customer Service
Gold Guys earns high marks for customer service. Their staff makes selling precious metals smooth and straightforward. In-store employees are praised for professionalism without pressure. Many find the process surprisingly simple with Gold Guys’ guidance.
Emails get prompt replies, even on weekends. Negative reviews are uncommon. Gold Guys aims to be hassle-free and fair. The bottom line is Gold Guys simplifies a process that can seem complex, and we’d say you are likely to be in good hands.
Gold Guys Reviews
When researching a company, customer reviews can provide helpful insight into experiences with that business. Here are the latest reviews we found for Gold Guys, though keep in mind feedback may fluctuate over time.
How are the Gold Guys rated? Let’s see what people are saying about their Gold Guys experiences:
Yelp Reviews
The Gold Guys Bloomington HQ has a 4.5-star Yelp rating based on ten happy customer reviews. Users describe an excellent experience with friendly and professional service. Many appreciated the fair offers and smooth purchase process.
Trustpilot Reviews
On Trustpilot, Gold Guys hold strong with 4 out of 5 stars across 24 reviews. The majority highlight responsive customer service and easy transactions.
Better Business Bureau (BBB)
Gold Guys have maintained BBB accreditation and an A+ rating since 2009. Their profile shows 15 years in business with zero complaints.
Gold Guys Website Testimonials
Rave reviews on their website highlight Gold Guys’ knowledgeable staff, competitive pricing, and excellent service. Customers mention shopping around before ultimately choosing Gold Guys for the best value. Still, these are reviews from the website, so do take them with a pinch of salt.
Gold Guys History and Team
Gold Guys was founded by two ambitious entrepreneurs – Joe Beasy and Shane Maguire. This dynamic duo met back in 1991 while collaborating on an electric vehicle project.
Despite the distance between them, their budding friendship spawned a business idea. In 2008, they opened the first Gold Guys store at Mall of America.
Blending entrepreneurial spirit with a desire to create opportunities, Joe and Shane built their crew by hand-picking people they trusted. Now with over 8 locations, they credit their self-sufficient staff for Gold Guys’ success.
While still involved, Joe and Shane focus more on community outreach and visiting stores. They want to be seen as “your gold guys.”
Joe channels his Minnesota roots into training employees with care. Shane’s hunger for new ideas inspires excellence in staff and fresh thinking in business.
Pros and Cons
Pros
- Excellent customer service – Gold Guys staff guide sellers through the process smoothly and transparently. Their professionalism eases anxieties about selling precious metals.
- Multiple Selling Options – Gold Guys accommodates diverse seller preferences with in-store, mail-in, and at-home services.
- A+ BBB rating – This top-tier rating reflects Gold Guys’ commitment to integrity and customer satisfaction.
- No-pressure environment – Gold Guys empowers sellers to accept or reject offers without sales pressure. The focus stays on fairness.
Cons
- Limited locations – With stores only in Minnesota, in-person selling is not accessible nationwide. Those outside the state must use mail-in or at-home services.
- No online pricing – Gold Guys does not share buyback rates online. Sellers must obtain quotes in-store or by mail before knowing the potential value. This uncertainty could deter some.
Company Details
Company: Gold Guys
Address: 9220 Hudson Rd Ste 710 Woodbury, MN 55125-9105
Phone: (952) 236-6380
Email: info@goldguys.com
Website: www.goldguys.com
How about Investing in Gold?
Though you’ve probably come to this review because you’re looking to sell your gold, have you ever thought about investing in precious metals?
One option to look into is opening a Gold IRA (Individual Retirement Account) with a trusted company like Augusta Precious Metals.
Gold IRAs allow you to hold physical gold coins and bullion bars as part of your retirement portfolio. This provides diversity beyond regular stocks and bonds. Companies like Augusta handle setting up the account and acquiring IRS-approved gold products, which are stored in secure depositories. Investing in gold through an IRA also gives potential tax advantages.
Now, Gold IRAs are not right for everyone. But if you want some exposure to precious metals as part of your retirement planning, it could be an opportunity to diversify your nest egg.
Final Thoughts
In summary, Gold Guys appears to be a solid option for selling precious metals and jewelry. Their A+ BBB rating and positive reviews suggest they prioritize fair practices and customer satisfaction. Gold Guys check many boxes for those wanting an established buyer they can trust.
However, limited physical locations and a lack of online pricing do present drawbacks for some sellers.
When the time comes to sell your gold, silver, or jewelry, tread carefully and weigh your options. But for an owner-operated company that takes pride in people over profits, Gold Guys merit serious consideration.
FAQs
Is Gold Guys Legit?
Yes, Gold Guys is an accredited and A+ rated business by the Better Business Bureau, operating since 2008.
How does Gold Guys determine the value of items?
They use specialized equipment to test purity and weight, valuing items based on those factors and current market prices.
Do Gold Guys return unsatisfactory mail-in items?
Yes, Gold Guys will return mail-in items free of charge if customers are unsatisfied with the offer.
Where are Gold Guys’ physical locations?
Gold Guys has locations in Minnesota cities, including Bloomington, Duluth, Maple Grove, and Woodbury.
Article Sources
At Gold IRA Blueprint, we dive deep into the world of gold IRAs, using trusted sources to back up our insights. Our sources range from official documents to expert interviews, ensuring our content is both accurate and reliable. We also draw on research from reputable publishers to give you the most comprehensive understanding possible. Check out our editorial policy to see how we maintain our high standards for accuracy and fairness. Also make sure to check out our Financial Review Process to have a better understanding of our process.
Gold Guys Testimonial Page – https://www.goldguys.com/about/testimonials/
Better Business Bureau Profile – https://www.bbb.org/us/mn/woodbury/profile/precious-metal-dealers/the-gold-guys-0704-96119200
