There is deep global uncertainty surrounding Russian President Vladimir Putin’s decision to invade Ukraine, and this means it could be the right time to sell scrap gold.
The situation in Ukraine is getting worse and worse. The UN has noted that there are now more than 2 million refugees. The human suffering associated with this conflict has been enormous over the past weeks.
Historically, this kind of political uncertainty causes the price of gold to rise. This is because it is a tangible asset and a safe-haven metal, unlike stocks and bonds that lose their value during periods of economic and political uncertainty.
Existing economic uncertainty surrounding global supply chains and increasing evidence of price inflation were key drivers as Gold rose in value by 8 per cent last month. And it looks like there is a strong possibility it will continue to rise even further unless things change rapidly for the better in Ukraine. Russian President Vladimir Putin is being investigated for war crimes which is not a good sign that things will let up. As of 10th March, gold was trading at around £1,527 per troy ounce.
If you are in the market to sell your old scrap gold, you may be in for a treat. If you have old gold objects that you no longer want, we can convert your gold into cash. And we take virtually anything, as long as it’s gold! Examples include jewellery, trinkets, coins, and even gold fillings.
Gold is increasing in value in response to existing economic uncertainty and to the Ukraine crisis. In response to Putin threatening to terminate gas supplies to Europe, gas prices have risen by a third. Another event that caused further uncertainty and acted as a catalyst in pushing up the price of gold was the attack on the nuclear power plant in Zaporizhzhia, south-eastern Ukraine. After this, gold prices reached a six-day high at above £1,485.
If you’re looking to sell scrap gold, why not try our simple to use gold calculator. Make sure you have the weight and carat information of the piece you want to sell, and we will use this information to tell you how much you can make. For example, today our price for just one gram of scrap 9ct gold is £17.61.
Once you have a valuation that you are happy with, complete the sell your gold form. We will generate a reference slip for your parcel which you can attach before posting to us. We recommend that our customers pack their items in a jiffy bag or similar, with the sell your gold form and items together in a Royal Mail Special Delivery tamper-proof envelope (available for free from your nearest Post Office).
At Scrap Gold UK we can offer a competitive price, which high street organisations are, on the whole, less able to offer. Get in touch with our team on 01902 828 400 to find out more about selling scrap gold.
High gold prices are good news for those with a bit of gold to spare, especially among families where gold is treasured as a great heirloom. However, such traditions make families the target of gold thefts, so it might be worth considering a sale or even swapping heirlooms for bullion bars.
British Asian families have a popular tradition of bestowing golden family heirlooms to the next generation as wedding presents, often in the form of jewellery. Such items are often the products of artisans in rural parts of the Indian subcontinent, and their distinctive beauty can make them easy targets for organised crime groups who target British Asian communities for theft. In 2019, it was estimated that Asian gold thefts since 2013 had resulted in a loss of £140 million worth of stolen gold, and this number will be even greater by now.
Aside from the risk of theft, Asian gold is often lacking in the types of hallmarks modern gold possesses. This means that, when selling, it can be tricky for you to ascertain an item’s purity upon initial inspection. Often, Asian gold is less than 22 carat, perhaps closer to 21 carat instead, due to mixing with other metals during the production process by rural artisans.
Fortunately, Scrap Gold UK has the means to help determine how pure your item may be. We use X-RF machines which allow us to conduct a process known as gold assaying: X-RF machines fire X-rays at your gold, causing it to emit a form of light, allowing us to determine the composition of the item on a molecular level. The process means we can work out how pure your item is, regardless of whether it has a hallmark or not.
Understandably, traditions must be maintained in many cases, and the idea of selling off the family silver (or gold in this case) might not be easy to contemplate. However, as noted, Asian gold is distinctive which can make it a target for theft. By comparison, modern gold bullion bars can come in all shapes and sizes, are concealable and come with easily distinguished hallmarks. Not only that, but they are highly likely to have a higher purity than some traditional examples of Asian gold.
If you wish to keep some form of golden token in the family, you can sell more traditional items and swap them for bullion bars. This can help throw gold thieves off the scent, and help keep that tradition of having gold in the family alive for many generations to come.
Gold prices remain high in 2022, and if you wish to sell scrap gold today, or simply wish to sell and exchange items for bullion bars, Scrap Gold UK is in a position to help you. Get in touch with us to help start 2022 on the right foot when it comes to your gold investments today.
As news of the new COVID-19 variant Omicron dominates the headlines this Christmas, you may be looking for reasons to be cheerful. With high inflation eating into incomes to go alongside it, it might feel like all is lost. However, high gold prices could be waiting in the wings to bring light to all the gloom.
One of the reasons for gold providing some cheer this Christmas is down to its tendency to rise in value during times of economic stress. The pandemic has delivered this in spades, with gold prices having risen 20 per cent since Christmas 2019, when COVID-19 first started appearing in the headlines. Prices peaked in 2020 and have remained close to those all-time highs throughout 2021, offering plenty of opportunities for anyone with a bit of gold to benefit from making a sale.
Over the last six years, gold prices have doubled, reflecting the uniquely attractive position it is to be in possession of even the smallest piece of gold this Christmas. Scrap Gold UK has seen how attractive the gold markets have become, and there is great demand for fresh supplies of gold, with buyers willing to pay a higher price than in previous decades just to get a piece of the action.
At Scrap Gold UK, we offer fairer prices for scrap gold sold to us, as we have fewer overheads than other comparable buyers on the market. That means, for example, according to our Gold Scrap Calculator, that a single gram of 9-carat gold could fetch as much as £15.56.
Scrap Gold UK has been operating in the gold markets for long enough to know how to facilitate sales of gold in an efficient manner, offering a fair price. If you wish to ensure a sale by year’s end with Scrap Gold UK, we strongly advise getting in touch before the third week of December, as demand for selling often increases just before we close our doors over the festive holidays, and time could be of the essence.
It all starts with filling out our simple Seller Form. All you need to give is the necessary information to ensure a secure transaction, and we suggest you use the Royal Mail’s home collection service for your item. This avoids standing in a long queue at the Post Office, so you need not set foot outside your front door to make a sale.
If you have any queries about selling gold this Christmas, Scrap Gold UK is happy to receive your call. Get in touch with us today, to learn just why selling gold could give you reasons for cheer this festive season.
Our website will remain available throughout the festive period but our offices will close from 3.30pm on Thursday 23rd December 2021 until 10am on Tuesday 4th January 2022.
Due to ongoing disruption to the postal service in some areas, your last day for despatching Royal Mail insured Special Delivery parcels for delivery to us before Saturday 18th December. Parcels that we do not receive by 1pm on the 23rd December will be processed after our return to work on 4th January and may be held in Royal Mail storage until that date. We will resume normal service on 4th January 2022.
After this year’s UN Climate Conference, COP26, hosted in Glasgow, industries such as the gold market are under pressure to embrace greater sustainability. Selling more scrap gold could be just the ticket to helping make gold much greener. That’s because a large chunk of the world’s gold supply is recycled.
You only need to look at costs to assess why recycling is preferable to sourcing gold through mining. The gold price is high, reflecting how ideal it is for selling any gold you have. Gold mining, which ultimately sources most of the world’s gold, also comes at a high price, but to the planet at large. For every troy ounce the world produces, 0.8 tonnes of CO2e are emitted. If we are to put all of our eggs into the gold mining basket, we only add to the scale of our climate challenge.
Recycling gold, on the other hand, is significantly more convenient to do, helps you make some money and also saves tonnes of carbon from being emitted through mining. It all starts with simply selling gold you already have, to Scrap Gold UK. Gold is seen as having great intrinsic value, hardly oxidising, and it can be melted down and reshaped into new items over and over again without losing that shine.
The World Gold Council estimated that 28 per cent of the world’s gold was sourced through recycling alone in 2020. It’s a tried and tested practice which has been carried out for generations. At times when supplies of gold were scarce, mines ran dry and the gold rush was seemingly over, melting down and recycling existing gold was the next best thing. In a modern context, it is significantly less costly to the planet, and keeps supply chains in a more circular resource loop. Why dig for more gold, when we’ve got plenty to recycle up on the surface?
Recycling gold is just one aspect of what is touted as a circular economy: a world in which resources can be consumed, recycled and reused before the process is repeated ad infinitum. By setting our sights away from plundering the planet for more resources, recycling is a natural approach which helps maintain a circular economy within the gold market. By selling scrap gold with Scrap Gold UK, for example, you are helping reduce demand for fresh gold to be mined, by providing more of it ready to be recycled.
Not only do mines produce carbon through their activities, but also often release toxic waste products into the environment. Lower demand for mined gold means less of these nasty side effects. It’s a rebalancing act, and you could be pivotal in making it happen sooner rather than later.
Whether you possess rose gold or white gold, dental gold or jewellery, this precious metal can come in all shapes and sizes. Scrap Gold UK are gold specialists who have been helping facilitate sales of gold for a number of years now. If gold is to maintain its shine, it should also embrace the greener way of doing things. To learn more about selling gold, get in touch with us today.
Copyright: bashta
As precious metals specialists, Scrap Gold UK receive items of all sorts. Silver coins, or coins purporting to be minted in silver, are some of the most common items people wish to sell to us, but before you do so, it always pays to know precisely which coins to look out for and which ones are more likely to be loose change.
Silver coins were considered a measure of true value as far back as the Middle Ages. Often, these coins were minted with silver at the highest purity available, but those responsible for minting them soon realised they needed to be slightly less than pure (92.5 per cent to be precise), to ensure they could withstand regular wear and tear. The remaining 7.5 per cent was often filled in with copper. As a result, for much of English history, silver coins of the highest purity tended to be .925 purity at most. However, if you have a load of old silver coins from days gone by, you need to be mindful of precisely when they were minted. Anything minted before 1920 is likely to retain that .925 purity, on the upper end of the purity scale, with that added bit of extra historical value. However, high production costs from 1920 onwards saw silver content in coinage decline substantially; by 1945, coins had closer to 50 per cent silver content, with the remainder plugged by manganese and other cheaper metals.
From 1947 onwards, virtually all ‘silver’ coins ended the use of silver in their minting entirely. This means if your coins are of the post-war vintage, it’s unlikely you’re in possession of actual silver coins unfortunately. By 2021, coins with that silvery look may trick you into thinking silver is back in fashion, but actually modern 5p, 20p and 50p coins make use of nickel-plated steel.
Silver coins often come in hauls or caches, passed down through the family, which you might want to sell all in one go. However, unless they date back to 1947 or earlier, they’re less likely to be attracting that 925 purity price. Otherwise, purity is likely to be lower than older variants. In more recent years, silver bullion coins have been minted by specific mints but you need to know what insignia and other signs to look for to know their precise origins.
At Scrap Gold UK, we have a Silver Scrap Calculator which gives you the chance to get a free valuation of items with a purity of at least 50 per cent. All you need is an idea for the item’s purity and its weight in grams. At present, a gram of 925 purity silver can be sold for 44p, lower than what you’d expect when selling a similar amount of gold, emphasising the importance of selling in bulk if you wish to sell small silver items at all.
Need an expert opinion on what your coins could be worth? Scrap Gold UK has received a fair share of coins, so we know what to look for, when it comes to high-purity silver items. Get in touch with us today by calling us on 01902 828 400.
While you might expect funny looks if you try paying with gold coinage the next time you go shopping, demand for these types of items is considerable, and the argument for selling gold has never been stronger, especially considering current gold prices. But what are the most common types of gold coins to look out for?
Of all the gold coins which are likely to wind up in your home, Gold Sovereigns, or Britannias to a lesser extent, are close to the top of the list. This is especially true if they are Victorian era Sovereigns, owing to the fact that they were legal tender during this long period of British history, and they come in many different forms.
During Queen Victoria’s reign, Gold Sovereigns were minted in various forms: the Young Head portrait until 1887, the Jubilee Head from 1887 onwards and the Veiled or Old Head from 1893 until 1901. The three portraits depict a Queen in three stages of life and are of great historical value for gold coin enthusiasts as they offer a tangible record of this golden age for coins.
Prices for Gold Sovereigns are in the region of £300 as a Full Sovereign typically weighs 7.98 grams. By contrast, a Gold Britannia, depicting the British emblem of Britannia with shield and trident in hand can fetch in excess of £1,200, coming in at one troy ounce. Using Scrap Gold UK’s Gold Scrap Calculator should give you a rough idea of what your coin could be worth. All you have to know is the coin’s purity and its weight to give you a free and quick valuation at home.
Gold Sovereigns and Britannias are quintessential British gold coins which can often be passed down through the family in the form of heirlooms, but they aren’t the be-all and end-all of gold coinage. Since 1967, South Africa has been minting coins known as Krugerrands, which were originally minted as a viable way for individuals to privately own gold in an easy way.
Krugerrands are a more modern type of coin, and were hard to come by for many years, especially during the height of the apartheid era in South Africa, owing to a ban on imports from the country as a show of disapproval over its policies at the time. Following the relaxation of import controls, the Krugerrand went on to become the world’s most widely held gold bullion coin. If you do happen to find a Krugerrand in your possession it could fetch a hefty price.
As with many gold items, buyers are often looking for the smaller tenth of an ounce varieties, but should you find one weighing one troy ounce, based on current gold prices, you could expect to sell such a coin for over £1,200. Gold coins come in all shapes and sizes, with different stories to tell depending on when they were minted. As such, they are of great historical value, and many would be willing to pay a high price to buy one off you.
However, if you wish to speak to the experts on all things related to gold coins, give Scrap Gold UK a call on 01902 828 400 today, and see what your item is really worth. Copyright: bashta
While it’s hard to reach the heights of popularity that gold and silver enjoy, they’re not the only metals in the precious metals space. Platinum and palladium are other precious metals that might find themselves into your possession which could attract a respectable price, should you wish to sell them soon.
While we consider gold to be incredibly rare, you’ll be amazed to learn that platinum and palladium are even more rare. Platinum is 15 times rarer than gold, while palladium goes even further, being 30 times rarer. Both metals are also in high demand for industrial use, much in the way that silver is extracted and consumed in the manufacture of technology.
For example, you’re likely to have a bit of platinum and palladium in the catalytic converters of any cars you drive. The rest of the time, you’re likely to find these metals being cast for use as jewellery. Wedding bands and other rings are some of the most common examples, as both metals exude a silvery-white shiny appearance, with extra durability and strength.
The rarity of palladium and platinum have massive implications when it comes to selling. For that reason, Scrap Gold UK offers a quick and simple way to initially value any items you have which are made of these metals, without having to send any of them in the post. Use our platinum and palladium scrap calculators to work out what the item is worth. All you need to find that out is the item’s weight and purity.
If gold and silver are the top tier of precious metals in the eyes of the public, platinum and palladium are the dynamic duo which might require some more attention, especially as the latter is now worth twice as much as it was in 2018. While gold and silver have more predictable boom and bust cycles, the industrial uses of platinum and palladium plus tighter supply may make them far more volatile with more upside potential.
Scrap Gold UK are in a position to help facilitate a sale of platinum or palladium items. We know the signs to spot, to let us know we’re dealing with either of these two metals rather than just white gold or silver. We’re not just specialists in the gold and silver that might be lying around your home, but even rarer, more precious items in platinum and palladium.
If you have such items and wish to make a sale, don’t hesitate to fill in this Seller’s Form, and see what you can expect to make from a sale. If there’s anything you wish to clarify when dealing with a potential sale of either platinum or palladium items, it pays to get in touch directly, to see how Scrap Gold UK can help you. Call us on 01902 828 400 today to make the most out of our expertise.
Gold has come in many shapes and forms over the centuries; its malleability and the ease with which it can be melted down and reshaped makes recycling an obvious choice. It should gain more traction as a low-carbon alternative to resource-intensive mining, and there is evidence to suggest a green revolution is already underway in the gold markets.
The green revolution is being felt in the gold markets, with the supply of recycled gold hitting the markets rising as a share of overall supply. In 2020, the World Gold Council estimated that recycled gold accounted for 28 per cent of total supplies, an impressive feat and a better way of getting more gold where it’s wanted, without hurting the planet.
Just as gold can persist for centuries, the impact of mining for gold can leave long-lasting damage on the planet in the form of emissions and pollution caused by tearing large quantities of rock out of the ground. Before too long, we will soon find seams running dry, and so the case for recycling will become less of an alternative, but rather the only way of taking gold and making something new out of it.
The case for recycling gold is clear, according to some of the latest research. A paper suggested recycled gold is 300 times better for the planet than gold sourced from primary production. While you might not notice your gold seeming greener on the surface, ensuring it is recycled will certainly leave the planet in a better state.
You only have to turn to the Tokyo Olympics to see what can be achieved with a bit of imagination when it comes to gold. Rather than tearing the ground up to find small seams of gold on a mass scale, the Japanese government opted to mine discarded smartphones and other devices for scrap gold. They extracted this gold and melted it down to form the medals awarded to athletes at this year’s Olympic games.
You could become part of the green revolution in the gold markets by planning to have any gold of your own sold and recycled. By selling to Scrap Gold UK, you can be sure of attracting prices of as much as £15.13 per gram for a piece of 9-carat gold. What was once a piece of jewellery or unwanted coins or bars could be melted down eventually, and transformed into a new golden item for future generations to marvel at – all without having to extract a single extra gram of gold from the soil.
If selling gold is something you’re in the market for, Scrap Gold UK is here to help. Selling with us is incredibly easy - all you have to do is fill in this seller’s form and we can facilitate your sale in a matter of days. By choosing to have your items collected by Royal Mail they could be with us in next to no time at all for a valuation by gold professionals. For any queries about selling gold today, why not give us a call on 01902 828 400 today?
Our offices will be closed from 3pm on Friday 30th July until 9am on Monday 9th August, to give our hard-working team a break after another very hectic period. We operate with a very small team and rather than rotating individuals onto annual leave and putting more pressure on the remaining staff members as a result, we have decided to close our offices for a full week so that everyone can get some much-needed rest and the opportunity to re-connect with family and friends as lockdown measures are now starting to ease. We have timed the closure to minimize disruption as much as possible. Whilst we apologize for any inconvenience caused by the holiday closure, the wellbeing of our staff members and our ability to continue to provide outstanding service to our customers in the months ahead are of great importance to us. As our offices will be unoccupied, please do not send items to us for delivery during the closure. Mail will not be delivered to us during this period and will be held in Royal Mail or courier depots until our return. Wishing all of our customers a peaceful and healthy summer.
The Team at ScrapGoldUK
Thursday 12th November 2020 As the latest Covid Lock-Down in England adds to the restrictions that are already in force, to varying degrees, in all parts of the United Kingdom, we wish to re-assure our customers that we are still open for business.
We have very strict protocols in place to keep our members of staff safe in the workplace and business continues, albeit not as usual.
We are still receiving packages sent to us by insured Royal Mail Special Delivery and for higher value sales we are able to make Covid-secure arrangements to receive personally delivered consignments, strictly by appointment only and subject to compliance with our protocols. Please call for details if you wish to visit us to sell items.
For clients that are self-isolating or unwilling to visit a Post Office, the new Royal Mail Collect service may be of interest. It is now possible to have insured Special Delivery parcels collected from your home or workplace by Royal Mail for a small additional fee. Visit Royal Mail Parcel Collect Service for details. (Select large letter or small parcel, depending on the weight of your items and select Special Delivery service with an insurance level that covers the contents.) We strongly recommend that a tamper-proof Royal Mail Special Delivery pouch is used when sending precious metals through the post. These pouches are available free of charge from a Post Office. If you are unable to access a Post Office to collect a pouch we will be happy to post a selling kit out to you, just give us a call.
The recent news that a Covid vaccine could be available in the near future seems to have given the Nation a glimmer of hope that 2021 could see the lifting of many of the restrictions that we are currently enduring. We all hope to see improvements in the situation which will allow as social a Christmas period as possible.
In the meantime, please follow the rules that apply to your particular area and Stay Safe.
Gold coins are some of the most attractive gold items on the market, and come in all sorts of varieties: Sovereigns, Britannias, Krugerrands and American Eagles, for example. They are just some of the items you can sell with Scrap Gold UK, and when you see how the gold coin market is doing, you might want to get in touch sooner rather than later.
Supply of gold coins is constrained by the pandemic, but demand has continued to rise. The US Mint captures just a slither of this trend, as they revealed that sales of gold coins rose 258 per cent in the last year. Unless gold supplies increase rapidly to counteract this spike in demand, prices could also spike, making any gold coin you may have incredibly valuable all of a sudden.
With mints struggling to keep up with higher-than-expected demand, the second-hand market for gold coins is the next best bet for many, which is why you could be sitting on a literal goldmine, if you feel like you’re in a position to sell gold coins in 2021.
Gold coins are especially valuable to the right buyer, because they are historical records of times long ago. Sovereigns have a history stretching back centuries, and are greatly treasured when a new one finds its way onto the market somehow.
Scrap Gold UK is especially good at helping give valuations to gold coins and other such items. If you’re looking for a free valuation, why not try our Gold Scrap Calculator. So long as you know the purity and weight of your item, you should be in a position to work out what it could be worth in today’s money, as it will surely have appreciated many times in value since it was first minted.
When you send your coin to us, subject to its condition, we could be in a position to offer you a selling price worth 100 per cent of its spot price. Demand is just that high - you would be entering into the sellers’ market at the optimum time, as buyers are falling over themselves to get access to coins wherever they can be found.
If selling is on your mind, but you’d like a valuation, get in touch with Scrap Gold UK today, by calling us on 01902 828 400.
COVID-19 cases continue to diminish in the UK, thanks to the lockdown restrictions in concert with the roll-out of vaccines since the new year. Even as good news fills the headlines, many of us are still feeling the pinch, having taken a financial hit since March 2020.
However, if you have even a single piece of scrap gold in your home, you could be in for a golden surprise if you should choose to sell as restrictions ease in the summer of 2021.
What makes the summer of 2021 a golden opportunity for you to consider selling scrap gold today? Prices have been on a tear since 2015, having effectively doubled up until the summer of 2020. While gold prices remain steady since last year, they remain elevated and higher than virtually any time in nominal terms.
Selling with Scrap Gold UK is one way to cash in on this so-called gold rush. According to our Scrap Gold Calculator, you could make £15.20 from selling just one gram of 9-carat gold. Imagine the financial boost to be had from selling a heavier item with a greater purity. It certainly pays to do an audit of the gold lying about your home, as you may be in for a surprise!
What better way to celebrate restrictions easing than to enjoy having a bit more cash from having sold any unwanted scrap gold this summer?
There are many gold buyers to choose from, but Scrap Gold UK is worth choosing, as we are specialists in this market. We know the real thing from electroplated alternatives when it comes to gold items. Our aforementioned calculator can be used at home to help you value your gold, but you can always arrange an online valuation with us over Zoom, if you need a discerning eye to help work out what your item is really worth.
If you are in a position to make a sale, it’s the right time to start filling in this Seller’s Form. When selling, we strongly encourage customers to take advantage of the Royal Mail’s door-to-door collection service. This means you can hand your package to a Royal Mail courier from your doorstep and track it along its journey by using the fully insured Special Delivery service, giving you peace of mind during the sale.
When we receive the item, we take note of current gold prices and will analyse your item, before contacting you to make an offer. With gold prices elevated this summer, the argument for selling sooner rather than later grows harder to deny. When selling, why not make it Scrap Gold UK?
Call us on 01902 828 400 to learn more about doing so today.
We all want to make sure that the things we sell get a fair price, especially when it comes to precious metals such as gold and silver. These metals possess a significant intrinsic value, and it’s hard to fake them without raising red flags. Things to spot include weight, the existence of hallmarks and certification.
High prices for gold and silver make it easy for some to make a quick profit by selling less worthy items as if they were as good as gold. That’s why we have some ideas to consider, if you are on the verge of making a sale today.
Many sellers might apparently offer you a slice of cheap, easy-to-acquire gold or silver items such as coins, helping give you the illusion that you’ve got a lucrative item worth selling as prices rise in the future. However, Scrap Gold UK knows that it’s hard to fake the real thing. True gold is a dense metal, and shouldn’t fade or get tarnished.
Electroplated gold and silver are sly ways for vendors to deceive you into buying counterfeit items, as they are actually comprised of a far cheaper metal covered in a superficial layer of gold or silver. Gold and silver, in their true form, come at a price, and if you suspect you are selling something which you originally acquired far too easily, this could be a sign to watch.
A lack of authenticity can be easy to determine if gold coins don’t have a certificate of authenticity. Such documents are essential in allowing you to trace the origins of your item, and ensure you purchased the original item through a reputable seller.
Scrap Gold UK has the expertise required to help determine whether your item is what you think it is. We offer video calls over Zoom, to observe your item from the safety of your home, or better still, you can post them to us by Royal Mail Special Delivery. Use the secure home pick-up service and track your package, and then wait for us to analyse your item.
We have the tools and the know-how to reveal whether you have an item worth its weight in gold or silver. It pays to bring in the experts, and we are always keen to help sellers get what they deserve for a true piece of gold or silver.
Got an item but want to be sure about what you could make from selling it, before posting it to us? Check out our Gold Scrap Calculator. All you need to use it is information such as the item’s weight or purity. It offers a near-instant valuation completely for free.
Think you have an item which needs checking over, before selling to us? Call Scrap Gold UK on 01902 828 400 today.
As buyers of precious metals for many years now, Scrap Gold UK are experts when it comes to authenticity. We know that it’s certainly a seller’s market, as gold prices are close to record highs, offering a reward for those with some scrap gold they wish to finally sell today.
However, we’re noticing a number of sellers mailing in significant amounts of ‘false’ gold or silver - items which appear to be pure but are actually cheaper alternatives. This short-changes sellers, so we’ll give you some facts to help inform whether your item is indeed genuine and able to attract a fair price.
One of the most common ways you might be short-changed into having false gold or silver is through vendors having previously offered you items which are in fact electroplated. This electrochemical process gives metallic items the appearance of having that distinctive gold or silver shimmer, but scratch below the surface, and you’ll find they used copper as a base metal.
That’s because electroplating applies a thin layer of gold or silver over the cheaper copper base, but this layer degrades over time. One way to spot for electroplated items is to see whether the thin layer has worn through. True gold and silver are renowned for being resistant to oxidation. You may find the odd scratch or dent, but gold and silver should never look faded or worn through.
The issue with electroplating is simple - while the item looks golden or silvery and lasts for a time, it isn’t true gold, and just a cheap alternative. This catches many a gold seller out, when the time comes, and can be a great disappointment, which is why we strongly suggest you check your item carefully before making a sale.
If checking for any signs of tarnishing is easier said than done, here’s another way of assessing whether your item is truly genuine - hallmarks. Gold and silver items above certain weights are legally required to bear hallmarks. These allow people to see how pure they are, as well as allowing them to see the Assay Office and Sponsor Mark they were given.
Purity is best identified on gold items in the form of three-digit numbers, counting up to 999. If you should find a number such as 375, that denotes the item as having 9 Carat, or a purity of 37.5 per cent. Any higher, and you can expect your item to be worth more, thanks to higher purity.
To see what your item could be worth if you sell with Scrap Gold UK, simply feed its purity and its weight into our Scrap Gold Calculator, so you can find a fair value for it without having to send a single gram. If you’re ready to sell, it’s time to fill in the Seller’s Form.
If you still have questions, regarding the quality of your scrap gold or silver items, feel free to give us a call on 01902 828 400 and we’ll do our best to help with any enquiry you may have.
With a much greater degree of affordability relative to gold, silver is often a more accessible precious metal for the average person. Perhaps you have a bit of family silver stowed away - cutlery sets, jewellery or other items of silver which have been steadily appreciating in value over the decades.
If you’re wondering when is the right time to sell silver, 2021 could prove to be a perfect time to do so. That’s because internet forums and smartphone apps are allowing a new generation of investors to bid prices higher, in sudden and unexpected price rallies.
That could pose the perfect opportunity to facilitate a sale of scrap silver with Scrap Gold UK.
It started with an ailing video game vendor in the United States called GameStop – and a group of Reddit users who contributed to a forum on the site called r/wallstreetbets. Users began to spur a sudden flurry of demand for GameStop shares to squeeze hedge funds which held short positions in the company. Before long, the forum turned its attention to physical silver and its paper silver derivatives.
The resulting surge in demand for silver items caused prices to spike by almost 20 per cent in just three trading days. If you held silver and timed a sale at the right time in February 2021, you could have cashed in on this unforeseen silver rush.
Making a sale requires that understanding of which direction markets are going - that’s why Scrap Gold UK includes a live silver price tracker. Use it to catch the twists and turns in silver prices, to help you time a sale with maximum impact, as the price gets caught in its next upswing.
As Scrap Gold UK is able to help you make a sale in the digital space, we have less overheads than many leading scrap silver buyers. That means we can offer a more favourable price for scrap silver items. Check out our Scrap Silver calculator, to see what your items could be worth, allowing you to make a free valuation.
As of February 2021, an item such as a silver chain weighing 45 grams with purity of .925 could sell for over £22.
When making a sale of scrap silver through Scrap Gold UK, it’s important to be mindful of the restrictions still in place, during the ongoing pandemic. Standing in line at the Post Office to post your package might seem like the obvious thing to do, but to limit the spread of COVID-19 and ensure your own safety, it is far more convenient to book online for collection by Royal Mail from your home.
The process is quick and easy to set up, and the Royal Mail insured Special Delivery service allows you to track your parcel on its journey to our headquarters. Upon its arrival, we can assess your item and offer a final valuation for you. To initiate a sale, fill in this Seller Form here.
If you have any queries about making sales, feel free to give us a call on 01902 828 400, and a member of our team will be available to assist you.
Previous Posts
Guide to Gold Melt Value: Understanding the Intrinsic Worth of Your Precious Metals
Scrap Gold Laws and Regulations in the UK: What You Need to Know
How to best negotiate a price for your scrap gold
How much is 9ct gold worth?
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What’s My Jewellery Worth?
Christmas 2023 Operating Hours
How to get the Best Price for Your Gold Jewellery
Selling Scrap Gold in the Aftermath of Her Majesty The Queen’s Passing
Business Closure for the State Funeral of Her Majesty The Queen
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01902 828 400
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