Category: News

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.

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.

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.

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.

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 7^th August 2020 and will re-open at 9am on Monday 17^th 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

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.