ARA Gold Recyclers.

[toddbbq]

Last week I sent in some of my finds to ARA recyclers and was pleasantly surprised as to my final cash outcome. I deposited my check via online deposit on the 14th. Started doing a little shopping and purchased a new detector which I like A LOT. Went to get some stuff this morning the 19th and card declined. Called bank and they stated ARA check BOUNCED!!! Called ARA and they stated that it is a rarity but it happens because they front soo many customers 90%. I was a lot angry at this point but Tom at ARA wired the money ASAP and stated that any overdraft fees will be covered as long as I show proof of fees. Moral of this scenario is if you request a check wait 4 to 5 days to make sure it clears or as Tom stated always request a wire transfer. Just my first dealings with them and am disappointed.

Moderator please move this to the appropriate forum if this is not the correct one.

 

[CASPER-2]

Ive used Midwest for over 10 yrs and sent them about $150,000 over that time in gold and silver- never a problem

I used Midwest Refineries and to make a long story short stay away from this scammer. I submitted about $3800 of gold items. After calculating the weight using a calibrated scale, measuring the karat rating of the gold pieces with the AGT3 Digital Gold & Platinum Tester to make sure of the purity of the gold pieces I only received $2300. What a RIP OFF!!! Even considering that 10 or 15% gets lost from the refining process that should still leave me with $3200. This guy profits on peoples ignorance and the fact that not many people know how to test and calculate the accurate amount of scrap gold. Bottom line if you don' t want to be scammed stay away from Midwest Refineries. What an arrogant and rude POS when talking with him.

 

[CASPER-2]

...I have used ARA in past too - til they started asking me for my soc#

 

[finderzzs]

Ditto, used them for many years, a wonderful family owned business. Don't give up on them, I'm sure it was a fluke.

 

[KZinOKC]

The ARA website says they don't deal with the general public. Is everyone here who uses them set up as a business? How would I go about selling a few gold items I have, as I'm not a business?

 

[Sandman]

The ARA website says they don't deal with the general public. Is everyone here who uses them set up as a business? How would I go about selling a few gold items I have, as I'm not a business?

They say that because of laws. They buy from anybody.

Midwest Refineries is couple miles from my home and I used to sell to them till they didn't buy a 14 Kt broach, i tested it. Wouldn't return it nor the stones. So I stopped recommending them.

 

[KZinOKC]

Thank you Sandman.