Sears to Offer Gold, Silver Mail-In Buybacks


". . .customers have asked for a secure way to exchange their gold jewelry for cash."

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 website says it has more than 30 years experience 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.

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