Scrap Gold Offers Festive Treat This Year

Almost two years since we first heard about COVID-19, we approach Christmas with high prices eating into our incomes and the threat of a new variant in the headlines. These may give us little reason for festive cheer, but gold prices have remained high, and this could mean it’s worth considering selling gold today. 

A Golden Christmas 

Times have been tough for millions of us, and it can be hard to feel like there are many reasons for cheer. High inflation makes our money worth that bit less than before, and the arrival of the Omicron variant of COVID-19 could mean our freedoms are curtailed for more weeks and months to come. Gold, however, could offer some light in the darkness this Christmas. Prices have stayed stable in the last year or so, close to all-time highs set in the summer of 2020. 

Since we first learnt about the existence of COVID-19 in 2019, gold has gained 20 per cent in value. Going back to 2015, the price of gold has effectively doubled, meaning anyone who came into the possession of even a bit of gold has seen the value of their items appreciate considerably. UK Scrap Gold has seen this in the gold markets over the past few years and offers a fair slice of the action so you can benefit nicely from selling with us. 

As we facilitate sales digitally, we have lower overheads than some gold buyers, meaning the gold you sell to us will be more likely to reflect the true value of the item, as compared with market gold prices. To give you a near-instant reading of just how competitive our prices our, check out our Gold Scrap Calculator. Just one gram of 9-carat gold could make £15.57 if you sell today. 

A Merrier Christmas than Most 

Gold holds great intrinsic value, all thanks to its lack of corrosion over centuries and that distinctive yellow-y shine. You may happen to hold gold in the form of a ring, other forms of jewellery, or even collector’s items such as gold coins or forms of investment such as bullion bars. Just because an item isn’t pure gold doesn’t mean it is of no value: UK Scrap Gold has previously facilitated sales of items made from rose or white gold (gold alloys), which still hold considerable value on the gold markets. 

Now you know what just a gram of 9-carat gold can attract, imagine what an even larger item of greater purity could be worth. At a time when money is tight but you’re looking for a chance to celebrate, gold could be the ticket to a merry Christmas for you this year. 

It all begins with filling out our Seller Form, so we can help learn more about the item you wish to sell. Make sure to send one off to us by the third week of December, to ensure your sale can be processed by the festive holidays, or you may have to wait until the new year for us to facilitate a sale for you. If you have any queries about selling gold this Christmas, don’t hesitate to get in touch with UK Scrap Gold today. 

Christmas 2021 Operating Hours

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.

We wish all our customers a Peaceful and Healthy Christmas & A Happy New Year

Recycling Gold to Protect the Environment

With the recent UN Climate Conference, COP26, which was recently hosted in Glasgow, all industries are being challenged to find ways to improve sustainability from top to bottom. The gold markets know a thing or two about that, given that 28 per cent of the world’s gold wasn’t sourced through mining, but produced through good old-fashioned recycling in 2020. 

Something gold, something borrowed 

One of the factors which makes gold so easy to recycle as a precious metal is its longevity. Gold hardly ages over a lengthy period of time, owing to its lack of reactivity with oxygen. Gold’s melting point, at which it becomes molten liquid, is only 1,064 degrees Celsius and when it is in molten form, gold is remarkably easy to change into a variety of shapes. 

What was once a bullion bar can easily become jewellery, coins or some other shape with the right tools to hand. With the typical gold ring estimated to produce 0.8 tonnes of CO2e for each troy ounce of gold, the carbon footprint for bringing even just a new troy ounce of gold has never been higher for the planet. What a coincidence that gold prices happen to be high compared to historical averages. 

For much of human history, gold mining was an arduous task and only so much of it could be found at any one time. Generations of people simply learnt to make do with what little gold was around. In this way, recycling the gold we currently have isn’t some modern fad, but an old tradition which has stood the test of time. 

Recycle your gold today 

Selling your gold with UK Scrap Gold could be just the way to contribute towards this grand effort to cut carbon emissions in the gold markets. If more of those with unwanted gold sell it, especially during a time such as this, when prices are near record highs, the benefits can be numerous. It rebalances supply in a way which could mean less demand for mining. 

Not only does it save toxic chemicals and waste products being released into the environment, which are known side effects of modern gold mining methods. Selling your gold for recycling also allows those specialising in the crafting of gold items to show their skills in melting down and reshaping old gold into something new. 

UK Scrap Gold can process scrap gold items ranging from dental gold to old jewellery and coins. We also consider a number of items with varying degrees of purity. Rose and white gold are just two examples of gold alloy items people might wish to sell. Just because it isn’t pure gold doesn’t mean it holds no value for us. To learn more about the value of recycling gold by selling it, get in touch with us today. 

Copyright: bashta

The World of British Silver Coins

The story of silver coins charts the ups and downs of UK history, from the Middle Ages right the way through to the 1940s, when silver was effectively phased out of actively-used coinage. One thing you might not be aware of is the varying purities of the different types of silver coins in your possession. Depending on when your coin was minted, you could expect to sell your coins and fetch a completely different value. 

A matter of purity 

In the Middle Ages, original English silver coins often carried the highest purity available, known as fine silver. However, the coins suffered from easy wear and tear, prompting the authorities to start minting silver coins with a slightly less than pure content using harder alloys. Copper was often added at 7.5 per cent, with some of the purest silver coins going forward being 92.5 per cent silver for much of English and UK history. 

However, if you happen to find UK-based silver coinage from days gone by, it’s more likely to have been minted closer to the 20th century, which is when the currency underwent a radical overhaul. That’s because any silver coins minted up until 1920 retained that 92.5 per cent purity. As world wars, economic depressions and other factors weighed on the British economy, the content of coinage was debased towards cheaper metals instead. 

As a result, coins minted between 1920 and 1946 saw silver content reduced dramatically to 50 per cent. The remaining half of the coin’s content was often consisting of manganese and traces of other cheaper metals, which often causes old coins to darken in colour over time. Such a move has a significant impact on the valuation you can expect to gain from your coin, and lower silver content has a dramatic impact on its appearance relative to more pure-silver ones. 

Shimmering silver coins 

By 1947, silver coinage had well and truly had its day, being phased out of use almost altogether. While the average silvery coin in your wallet might give the appearance of true silver once more, it’s more likely a trick of the eye: nickel-plated steel is the go-to in more recent times, giving coins the look of silver but with metals that are far more resilient to wear than purer silver. Modern coinage might look like the real thing, but its value is far lower and better use to you as spending money. 

UK Scrap Gold has its very own Scrap Silver Calculator, which allows you to ascertain how much a typical silver coin could potentially be worth. With silver yielding 44p per gram at .925 (92.5 per cent purity), you might need a fair few coins to generate the kind of money you would expect from a smaller haul of a more valuable precious metal like gold. 

The date your silver coin was minted will have a significant impact on its purity, especially if you’re having to determine whether it was pre-1920 or not. UK Scrap Gold are specialists in all things related to precious metals, and we would be happy to help assess your coins to make sure they’re the genuine article. Give us a call today on 01902 623 254. 

Platinum and Palladium Can Outshine Gold and Silver

Whether it’s for use as wedding bands or in the design of catalytic converters, platinum and palladium are highly valuable precious metals, and yet they lack some of the attention given to gold and silver. This is somewhat odd, considering how much rarer the former two are, when compared to the latter pair. 

A valuable pairing 

Much of the world’s palladium and platinum wind up going into the manufacture of catalytic converters, but the rest often goes into the manufacture of popular items of jewellery such as wedding bands and other types of rings. It might be easy to mistake these two metals for one another or even forms of silver or gold, including white gold. 

However, they couldn’t be more different from each other. Platinum is 15 times rarer than gold, while palladium is 30 times less commonplace by comparison. This scarcity, when combined with the sheer demand for the metals for industrial purposes, helps propel them to significant valuations on the precious metals market. Palladium is especially valuable at present, sitting at a price point roughly twice the price it was in 2018. 

For this reason, it makes sense to get a good valuation for your item, if you wish to sell palladium or platinum today. You’ll be pleased to know UK Scrap Gold has a palladium and platinum scrap calculator which you can use for free at home. Simply assess your item’s weight and purity, feed it into the calculator and it will give an estimated value for your item, informing whether the price is right for you to sell. 

Outshining gold and silver 

Palladium and platinum are almost like lesser-considered cousins to gold and silver, far rarer than them but still incredibly valuable. They are highly durable, which makes them ideal metals for use in industry and jewellery, with a silver-like appearance but with far more worth hidden away. Precious metals come in many forms, and while gold and silver often take the top spots in most peoples’ minds, there are other options. 

UK Scrap Gold has facilitated sales in plenty of precious metals, including palladium and platinum. We know our white gold from these two metals on any day of the week, because we’re experts in all things precious metals-related. Selling is easily done, and when you’re sure you’re in a position to sell to us, all you have to do is complete this Seller’s Form

If palladium and platinum are playing on your mind, and you wish to know a bit more about them before even considering making a sale, it might help to talk to the experts first. If you do have any queries about palladium or platinum items, don’t hesitate to call us on 01902 623 254, and our team will be happy to help you in any way they can. 

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.