My Dealings with ARA

[ScubaDetector]

Just thought everyone would like to know my latest dealings with ARA. I sent into them two weeks ago 1586.00 in scrap wedding rings. 7.24 DTW of 10K, 29.70 DTW of 14K and 4.5 DTW of 18K. I was expecting 1586.00 in cash value. I was very surprised to find they assayed it out 125.00 CHEAPER.

I know they are under new ownership and all the folks I used to deal with are gone. They are no longer a family owned company either. The person that supposedly did all my gold won't let me talk to an owner. I am not impressed with them anymore and will probably go to a different refinery.

I have been using them exclusively since 2009

I know your results will vary but I wanted to give a heads up to anyone interested.

 

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[Tpmetal]

bummer

 

[OBN]

Thanks for sharing, my last round I sent silver to Midwest, figured 640, and got 622. If I remember correct. I was happy with that..

 

[CASPER-2]

I use midwest

 

[DJWEHAGE]

Only use Midwest and have never been disappointed.

 

[icatchbigcats]

Just got my check last Friday from Midwest, sent in from south FL the Friday before. Expecting $3400, received $3500

 

[flgliderpilot]

I felt mine was a little low with ARA also, but it was my first round so I figured it is what it is and that gold prices must have dropped a bit in the period I sent it in. Thanks for the tip on midwest.

 

[mikeinOC1]

Darn shame. Nice and pretty fair family operation back in the day. I bet some ah. e wall street investors bought them out.

 

[sprailroad]

I felt mine was a little low with ARA also, but it was my first round so I figured it is what it is and that gold prices must have dropped a bit in the period I sent it in. Thanks for the tip on midwest.

That's kinda of what I was thinking, from the time mailed, till the time received and tested, the spot price of gold is up & down daily.

 

[ScubaDetector]

I cannot show the unprofessional email I got from the owner here. It was laced with profanity. I will never use them again. I have used them since before 2009.

BEWARE.

 

[A2coins]

Well Scuba just posting your experience with this company that thousands of people read and pass on I will remember not to use them or if anyone asks me where to go I might not know where to send them but Ill remember where they shouldn't go. Thanks for the heads up!!!!!!! It can take years to gain a good customer but 5 seconds to lose them!!!!!!

 

[rons1947]

For several years I have been selling my scrap gold rings to Midwest Refineries and although our estimates on what the gold is worth aren't always the same,they aren't far off the mark.When I first started selling some of my gold items,I sold them to local jewelers.I only did this once,because they were only giving me 40% of what it was worth.

 

[PI PETE]

[emoji24][emoji24][emoji24][emoji24][emoji24]

 

[DrJoePrime]

The 14K unless it's 14KP could be quite a bit under 14/24 ...possibly 13.6/24. I think to be fair about it ARA deserves a bit more than one bad vote to strike them out.

 

[dewcon4414]

Dr Joe....... i dont disagree, but i did see some of the owners response....not pretty for an owner. He took about a 10% loose i think. Pretty good chunk to try and justify away. I liked dealing with the family....... looks like we are dealing with a business man now who feels we shouldnt really complain....... since its free stuff. Am i wrong....... but doesnt ARA pay 98% and Midwest pay 88% of spot? Id take the 88..... if i had a local i could trust, but most of us dont.

 

[ScubaDetector]

Here is the email in its ENTIRETY I received from the OWNER of ARA. (****) added by myself)

"See these big fake stones? Could easily be 3-4 set which would equal what you think you are short. You told me you called 4 times in your email. It’s funny how people who find free s*** complain the most. Go play a game of hide and go f*** yourself."


I sent in two class rings 10K with stones, the rest wedding bands, all 14K except 1 which was 18K. I was expecting 1586.00 melt value. I will never use them again. You folks make up your own mind.

 

[toddbbq]

In my last 2 dealings with ARA I have had issues. First time my check from them bounced. The second time they ETFed my money and only paid me 2/3rds and finally after 2 e-mails and a phone call got the other ETF for the remaining 1/3. Will never use them again.

 

[Tpmetal]

sounds like I should build a furnace and start a new business for tnet members.....

 

[teklord]

Who other than ARA will remove and pay for the stones? I had used Midwest before with no problem but went to ARA last time and received a reasonable payout on the diamonds. This was before they changed ownership.

Tek

 

[SocalJim]

The E-mail is unacceptable under any circumstance and I'm sure it just cost them dearly. Thanks for sharing. Jim