Demand for Gold Coins Spikes During Pandemic

The COVID-19 pandemic has been a literal goldmine in the last year for those with an interest in gold itself. Prices famously touched an all-time high in the summer, as COVID-19 cases mounted and the prospect of profound economic damage was weighing heavily on the financial decisions of millions worldwide. 

Physical markets squeezed 

One of the biggest observations we have made at UK Scrap Gold, beyond the clear rally in gold prices last year, was a noticeable squeeze in supply of gold coins. They come in all kinds of varieties: Gold Sovereigns, Krugerrands, Britannias and American Eagles, to name a few. As mints all over the world can agree, they simply can’t mint quick enough, as demand has clearly outpaced supply. 

The US Mint admitted earlier this year that sales of gold bullion coins had jumped 258 per cent in the past year, and this higher-than-expected demand across the gold coin markets has persisted in 2021. This all comes despite mass disruption of minting operations due to the pandemic. The effect is simple: unless large quantities of gold can be magically discovered in the next few months, gold coins will become harder to come by. 

This could have a profound impact on prices, and could potentially make last summer’s rally look like the taster of something far greater to come. In other words, it could be the perfect set of ingredients to convince anyone to consider selling gold coins in their possession sooner rather than later. 

Selling gold coins today 

With this high demand for physical gold, the secondary market has been a thriving place, as sellers cash in on old coins which may have seen their values increase massively since they were originally minted. Gold Sovereigns, for example, used to be spent as much as any coin today, but were discontinued for a number of years, gaining great prestige over time. At UK Scrap Gold, we know how much of a difference the price rally in gold has made, and could be in a position to help you realise those gains. 

Check out our Gold Scrap Calculator to see exactly what your gold coin or other gold items could be worth today. 

Subject to condition, UK Scrap Gold is willing to offer 100% of a gold coin’s spot value, if you decide to sell with us. How can this be possible, you may ask. Demand is simply so high in the gold coin markets that even a single coin could fetch a hefty price if sold in the right place at the right time. If you have even just one Gold Sovereign which you’re thinking of selling, now could be precisely the right time. 

UK Scrap Gold are specialists in buying gold coins, having been a part of the gold markets for many years. We have the knowledge and insight to serve as experienced gold buyers, and offer attractive prices for gold items, as we operate mostly in a digital sense, reducing the need for overheads which is often an issue with other buyers. If you wish to make a sale of a gold coin today, call us on 01902 623 254. 

Copyright: alliedcomputergraphics / 123RF Stock Photo

Our Guide to Spotting True Gold and Silver

Here at UK Scrap Gold, we can attest to seeing growing demand from the general public to sell items purported to be true gold or silver, only for them to be disappointed when we take a closer look and find this not to be the case.

Many vendors trick customers into buying what they claim to be the real thing, offering unusually cheap prices for products which should hold far higher intrinsic value. As experts in this field, we will explain how to spot the real deal from the plated versions.

Check the source

If you know anything about precious metals, you’ll know that density and purity are huge drivers in the valuation of items such as gold coins, the family silver, or jewellery passed down from generation to generation. The last thing you want, during a period of high gold prices, is to find that the items you wish to sell aren’t what you thought they were.

Warning signs are easy to spot, if you know what to look out for. If you’re purchasing a gold coin, for example, a certificate of authenticity is a key requirement to expect. This document is a firm statement attesting to your item’s proof of origin, giving you assurance that it was provided by a reputable dealer.

By contrast, a seller who cuts corners and offers you an item ‘enhanced with gold’ without these forms of certification, may be offering an item below what would be considered the appropriate market value. As you will see, true gold and silver have clear pricings on the open market. 

Any item which requires any form of enhancement could be a sign that the seller tried shifting plated gold items, which are actually comprised of a far cheaper metal with a superficial gold coating.

Density and purity matter

The price must be right for true gold and silver, in order for you to expect getting a fair price when you decide to sell to UK Scrap Gold today. Pure gold and silver have specific densities and therefore weights, depending on the size of the item.

Hallmarks and various stamps can be a useful way of determining purity of your item, and weight can be another way of assessing whether your item is worth its actual weight in gold or silver. UK Scrap Gold has a free scrap gold calculator which allows you to assess what your item could be worth.

Not only that, but we offer Zoom video meetings to help determine whether your item is true gold or silver, as well as offering a verification if you send the item to us by post. If you think you’re in a position to make a sale to us today, or simply wish to get in touch to prove the authenticity of your item before selling to us, call us on 01902 623 254.

Silver Sellers Eye Up Potential Silver Spikes

Expect the unexpected, when it comes to silver, and you could potentially reap the rewards of an unforeseen spike in prices. Recent events concerning the Reddit forum r/wallstreetbets have triggered a rush of cash into silver, and if repeated, anyone with a bit of silver could cash in.

See how the coming year ahead could be an ideal time for making a scrap silver sale with UK Scrap Gold. 

The Reddit silver surge

For many weeks, a group of Reddit users patiently began orchestrating buying stocks in an ailing games company, GameStop. In the blink of an eye, the idea went viral, and thousands of users flooded onto easily downloadable investment apps, buying up shares in order to squeeze hedge funds holding large short positions.

It wasn’t long before attention on Reddit turned to silver, another asset in which hedge funds have extensive short positions. In just three trading days, we saw silver prices rising by almost 20 per cent, an unusually large increase in such a short time frame. Typically, such moves are seen as part of multi-year bull markets.

The lack of prior warning for such a spike demonstrates why having a bit of silver could become incredibly useful – it’s all just a matter of timing a sale and finding the right buyer. UK Scrap Gold gives clear information on existing prices for silver, helping you spot key trends including price rallies. Check out Live Silver prices here.

In addition, our Silver Scrap Calculator allows you to make a free valuation from the safety of your home, without having to send a single gram of silver to us. At present prices, you could expect to sell a 50-gram silver chain with a purity of .925 for over £24 with UK Scrap Gold.

We’re able to offer such respectable prices as we operate largely in the digital space, reducing overheads and ensuring our customers receive a fairer price for their items.

Making discreet sales of scrap silver

Finding the right price and the right buyer for your scrap silver are crucial, but how to ensure your items are dispatched safely? Due to ongoing restrictions during the current COVID-19 pandemic, we strongly suggest customers make use of the Royal Mail’s online Click and Drop dispatch service.

With just the click of a few buttons, a Royal Mail van can collect your package from your doorstep. One of the benefits of this service is the ability to track your parcel on its journey if you select the Insured Special Delivery service. Organising dispatch online helps halt the spread of COVID-19, as it means not having to stand in a lengthy queue at your Post Office branch, to mail your scrap silver in person.

If you have any queries about selling scrap silver, or wish to make a sale with UK Scrap Gold soon, why not give us a call? Call us on 01902 623 254, and a member of our team will be ready to help you with any requirements you may have.

Scrap Gold Offers Boost During Lean January

After a turbulent year in 2020, we’re all getting our financial houses in order and preparing for what is often a leaner month than most, this January. But it needn’t be so free of joy, if you happen to have a bit of scrap gold lying around.

In fact, UK Scrap Gold could help make January not so lean afterall, given the recent run-up in gold prices.

Prices near record highs

Unprecedented economic uncertainty in the past twelve months, over Brexit and the pandemic has been effectively baked into gold prices, pushing them to new all-time highs. As a result, the gold scrap in your home is worth significantly more than at any time in living memory.

This gives holders of scrap items something of a COVID dividend, but it pays to keep a close eye on precise price movements, to time a sale with UK Scrap Gold perfectly. Check out our Live Gold Price tracker, to keep an eye on where gold prices are going. In the event of a further rally, you could expect to make a significant sum by selling with us.

Just one gram of 9-carat scrap gold is worth £15.67 at present prices, as of January 2021. If you wish to get a near-instant valuation of your gold without having to set foot outside your front door, use our Scrap Gold Calculator on our home page – it’s able to combine the purity and weight of your item and give a quick estimate of how much you could sell it for.

Unable to value them yourself or unsure how to assess purity? Why not mail it over to us, and we can weigh it for you over video link on Skype, to give you peace of mind.

Safe dispatch over lockdown

COVID-19 cases are up and lockdown conditions are back in place, so that means we all need to minimise contact with those outside our households as much as possible to halt the spread of COVID-19. Many of our customers are keen to avoid long queues at the Post Office to send their scrap gold items, as this increases risk of exposure.

Why not book for Royal Mail collection from your front door? Parcel collection is available through the Royal Mail website and through the official app. This saves precious time and helps minimise the spread of COVID-19. Using the Track Your Item feature, it’s possible to guarantee safe delivery of your precious metals items to us.

UK Scrap Gold have been facilitating sales of scrap gold for many years, and we continue to strive at delivering a top-notch service, despite the ongoing pandemic. If you would like to make any enquiries or make a sale today, please call our team on 01902 623 254.

Christmas 2020 Operating Hours

Our website will remain available throughout the festive period but our offices will close from 3.30pm on Tuesday 22nd December 2020 until 10am on Monday 4th January 2021.

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 22nd December should be Thursday 17th December.

Parcels that we do not receive by 22nd 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 2021.

Make Some Easy Cash Ahead of Christmas 2020

It’s not an exaggeration to say 2020 has been a tough time for many of us. COVID-19 and the recession that followed mean this will be one of the hardest Christmases for generations. But that doesn’t mean you couldn’t have something of a Christmas miracle – if you have any scrap gold lying around, that could loosen up some much-needed cash.

With prices higher than during any previous festive season, now could be the opportune time to make a sale, to reap a much-needed cash boost this Christmas.

High prices, high rewards

During times of uncertainty, gold prices rise and we’ve had bucketloads of that in 2020. Crashing stock markets, businesses shutting up shop and people having to stay indoors has forced many of us to get more used to staying within the four walls of our homes. But what if you’ve done some looking around, and found a trove of unwanted gold items?

This summer, UK gold prices touched £1,500 per troy ounce for the first time. This means UK Scrap Gold is able to offer some of the highest prices for scrap we’ve ever seen since we started helping people make sales across the UK.

You can see more of gold’s impressive winning streak by checking out our Live Gold Price tracker here. By catching the markets at the right time, during a price rally, you might be in a position to make the most of selling your gold for the highest price possible.

Use our Scrap Gold Calculator to get an up-to-date reading for what your items could be worth this Christmas. All you need is the weight and purity, as measured in carats. An item weighing just one gram with 9-carat purity could earn you £15.93, so there’s much to be made from selling today.

A much-needed Christmas boost

Our prices are some of the most competitive on the gold scrap markets, as we offer an efficient digital service, which is easy to use, and allows you to make a transaction with a few short clicks.

No doubt we’d all leap at the chance for a few extra pennies, especially ahead of the Christmas holidays. Selling your scrap gold with UK Scrap Gold today could be just what you need – we’re specialists in helping make quick and easy sales.

It all starts with filling out this Sell to Us form with the basic personal details we need to ensure a safe transaction. Please note we will pause receipt of scrap items from 17th December 2020 for the festive holiday period, so make sure to send items before this date, to ensure we can receive them without delay.

New Lockdown Offers Fresh Opportunities to Sell

Alas, the UK remains under some form of restrictions as a whole, having experienced lockdowns and firebreaks to boot. It’s only so many weeks until Christmas, and perhaps those lockdown blues are settling in again. But it doesn’t need to go that way.

Even if you have a teensy little bit of gold lying around your home, it could be worth a sizable sum. All you need is the right buyer. UK Scrap Gold is happy to help you and here’s why.

The price is right with us

UK Scrap Gold are specialists in handling sales of scrap gold, with as many as 20 years’ experience. Using our Live Gold Tracker, you can see just how high prices are in the current environment. Even if prices stay static for a time, you’ll be able to make more from a sale now than you would have done for most of recorded history.

To see what this means for you and the item you intend to sell, just give our Scrap Gold Calculator a try. By having the weight and an idea about the item’s carat or purity, you can input those variables into the calculator, to give you an idea of how much we can offer you. For example, one gram of 9-carat gold could earn you £15.60, based on current prices.

Time can be of the essence, so it pays to stay up-to-date on the latest prices, in order to time your sale at the best price possible.

Safer deliveries during lockdown

With a new lockdown in place in England, a lot of our customers will be wondering how best to ensure a safe and secure delivery, while minimising the risk of spreading COVID-19. The Royal Mail home collection through their Click and Drop service is the best way to achieve this. By going about booking your delivery online, you don’t have to set foot outside your front door.

Provided you have discreet and tamper-proof packaging to use for the item you wish to send, sending your item is now as hassle-free as it’s ever been. Upon receipt, we will value your item and give you an offer. Should you accept, payment can be made via bank transfer or via cheque – the choice is yours.

While lockdown is in place, meetings at our offices are to be made by appointment only. In the meanwhile, we encourage you to call us on 01902 623 254. You can reach our Customer Service Team, who will be happy to help with any enquiry you may have.

COVID-19 Offers Price Dividend for Scrap Gold

It should have been no surprise for gold to spring up out of the ground in a small town in central Victoria, Australia. The country was the epicentre of a legendary gold rush in the 1850s, prompting thousands to emigrate there to grab a nugget of gold to make their fortunes.

The gold rush ebbed in time, but acres of ‘virgin territory’ remain unexposed. The case for taking gold seriously came to the fore once again, when two men managed to revive something of a gold rush by finding two sizable nuggets of gold near the town of Tarnagulla. Weighing a combined total of 3.5kg, the two men have potentially discovered enough gold to make them A$350,000 if they decide to sell soon.

The gold rush of 2020 is here

The two nuggets discovered near Tarnagulla are no larger than the size of the average smartphone, and yet they still yield enough to make a sizable fortune. This just goes to show how small quantities of the yellow metal can make a large sum, if you choose to sell scrap gold today.

UK Scrap Gold keeps a close eye on live gold spot prices daily, allowing us to give a quick-time valuation for items of varying purities and sizes. For example, UK Scrap Gold can currently offer as much as £530 for an item of gold scrap weighing just one ounce, with a purity of 9-carat.

Imagine what an even larger item of gold with a higher purity could be worth, should you decide to sell, with prices hitting new all-time highs of £1,500 this summer. This year has offered investors and sellers once-in-a-lifetime opportunities, so it makes sense not to squander them while they still last.

If 2020 proves to be one of the greatest gold rushes in history, demand for the yellow metal will only increase, constraining supply and keeping prices higher for longer. Gold is one of the scarcest precious metals on the planet, so why not cash in on your scrap gold while prices are high?

Make a scrap gold sale with us

UK Scrap Gold has plenty of experience in facilitating secure sales of scrap gold over the years. While lockdown has posed many challenges for us and our customers, we have continued to operate, ensuring that people were able to pass on their items for a fair price without fail.

Refining fees aren’t applied if you sell gold with us, nor do you lose out over hidden charges while making a sale.

If you wish to make a sale today, we strongly encourage you to call us on 01902 623 254 or contact us here. Our team will be on-hand to facilitate your enquiries and we look forward to helping realise the true worth of your scrap gold today.

Time To Re-Group

When Covid – 19 hit in March we made the decision to keep working for as long as possible and furloughed non-essential staff where we could. Our staff members have been amazing during this crisis. Despite the imposition of lock-down, social distancing and hygiene requirements they have soldiered on and handled unprecedented demand from our customers. 

We have now arrived at the point where, frankly, our team need to take a break. 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 think that August would be the best time to take this break. 

As a result, our offices will be closed from 3pm Friday 7th August 2020 and will re-open at 9am on Monday 17th August 2020. 

During this period our offices will be unable to accept deliveries and any parcels addressed to us will remain in the postal system until our return to work. 

PLEASE DO NOT SEND PARCELS TO US FOR DELIVERY DURING OUR OFFICE CLOSURE. 

We would encourage all of our customers to make any planned sales during the next week to avoid delays in processing. 

Whilst we appreciate that these arrangements may cause some inconvenience, for which we apologise, 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. 

A huge ‘Thank You’ to all of our customers, old and new, for your loyalty, patience and continued support during these unprecedented times and for the many emails and even letters of appreciation that we have received. 

Stay safe and well, it is by no means over yet! 

The Team at UK Scrap Gold

Silver Lining: Silver Shows Signs of Movement

We are used to seeing gold steal the headlines as one of the most in demand and valuable precious metals, while silver often falls to the side-lines. 

However, there has recently been a shift in the market which has seen the demand for silver rise significantly. As thing stand in July 2020, silver could be one of the few ‘silver linings’ of 2020 with prices approaching their highest in recent years.

What’s driving the silver price increase?

Silver prices have shot up 66 per cent since their lowest point recorded in March 2020, as reported by the Wall Street Journal. In fact, some investors are getting quite excited as they say that the silver market could explode at any point, with a troy ounce now hitting $19.50 in New York. This begs the question, what is driving the silver price increase?

Silver has many qualities which makes it a worthy investment as a precious metal. It is a reflective metal and is thermally and electrically conductive, meaning that it is sought after as an industrial metal. Indeed, silver is often used as a component in many technology devices and batteries.

One likely factor behind the price increase is the reopening of some factories following the COVID-19 lockdown. As the lockdown measures are slowly lifted, production levels have begun to return back to normal. This increase in productivity creates an increased demand for materials including silver.

Grab the silver lining

How long this burst in demand for silver will last, no one can confidently say – so how can you make the most out of this unique situation? 

Knowing which silver items will sell for the highest value is of utmost importance. Small items made from silver, like jewellery and watches, will not fetch the same price as they would if they were made with gold. 

This is partly due to the fact that many of these items will be plated, which makes selling for scrap very difficult. But the size of these items is also a factor; gold is a very valuable metal and so even small amounts of it are worthwhile selling as scrap gold. 

Silver, on the other hand, doesn’t demand the same level of value so volumes need to be larger before it’s worth making a sale. 

But do not despair – you can still capitalise on this opportunity and sell silver! Silver bullion bars and silver coins contain more pure metal and are not plated, meaning that these items have a higher resale value.

Selling silver with UK Scrap Gold

Now is the time to act if you are looking to get a strong return on your silver portfolio of bars and coins.

But have you considered selling to scrap gold companies? With over 20 years’ experience and knowledge in the industry, UK Scrap Gold offers competitive prices for scrap silver, gold and other precious metals.

Our online Scrap Silver Calculator can help you determine how much your portfolio is worth; all we need to know is the purity and total weight of the metal in grams. We will calculate the rest!

To get in touch with the team at UK Scrap Gold to discuss your silver portfolio, simply send us a message or give the team a call on 01902 623 254.