Dow Jones Newswires | Sears Holdings Corp. said it will offer a
consumer gold-and-silver buyback program by partnering with a third
party, allowing customers to sell gold or silver items by mailing them
in an envelope they can pick up at Sears and Kmart jewelry counters.
Sears said the program would be provided by Pro Gold Network, which on
its Web site says it has more than 30 years in gold purchasing,
manufacturing and refining. Mail-in gold buyers have gained popularity
in recent years as the recession left consumers looking for cash and
willing to part with gold items such as jewelry, while gold prices have
soared.
Customers looking to sell gold and silver items can find “ProKits” in the stores’ jewelry departments. Each of the kits — which are insured for up to $750 — contains instructions, a form and a pre-paid shipping envelope. The kits can be tracked online or by phone, and customers will receive their settlement value by e-mail or phone, and they can accept or decline the offer before payment is issued.
“We are happy to partner with The Pro Gold Network to provide a great service to our customers who have been asking for a secure way to exchange their gold jewelry for cash,” said Michelle Pearlman, a senior vice president and president of jewelry at Sears.
Sears in February said its fiscal fourth-quarter earnings more than doubled following big year-earlier write-downs as it saw same-store sales strength continue for its Kmart stores. Several ratings services recently have given rosier outlooks on the company.
What is the big deal here? There are already numerous companies telling you to mail your gold for cash advertising on sideband digital TV stations. Why go to K-Mart to get an envelope, when you can just call an 800 number?
All this proves is that Sears and K-Mart want to go below Walmart’s market. Next, they will be announcing that they will be merging with a dollar store, most of which have done well during the recession. That is, unless Macy’s takes over the dollar stores first.
However, Lampert and Pro Gold each thank you for the free plug. Maybe, someday they’ll reciprocate to the Tribune, such as by letting Zell sell his gold through them.
GOOD LUCK…..So they are basically breaking the law….Your would need a second hand dealer license in every store and have each person bonded that handeles the goods. PLUS it is agaisnt California State Law to sell your jewelry thru the mail, the license is only legal at the address where the license is issued. They need your drivers license or Passport to do a police report and right thumb print, so that would be impossible since you are mailing your jewelry, or stolen jewelry to be melted. When you complete the POLICE REPORT, the dealer that purchased it from you ‘MUST HOLD THE ITEMS FOR 30 DAYS’ for the police to do a check to see if it was stolen. THATS WHY WE HAVE LAWS TO PROTECT US. It is like GOLD PARTY’S…It is illeagal.PERIOD….to have unlicensed criminals into your home to steal your friends jewelry. And as a special reward…YOu are open to a fine of up to 25,000.00 and jail time of up to 6 months in the pen.
LAPD…LASD
they do hold it for 30 days…don’t you think a company like sears holdings would do the research before getting into this?
Hands down, Apple’s app store wins by a mile. It’s a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I’m not sure I’d want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.
“@ANTIDALLARD Oh, Well…. I tgought it absolutely was going the be THE best investment in history, according to Mike Maloney and others. I guess a ton of people are beginning to surprise if they;ve been foolish to concentrate to the youtube silver pushing community”