The Flip Side of Selling Gold Coins

In an age of digital transactions, going paperless and having fewer reasons to spend actual cash, you might wonder what coins have left going for them. Gold coins, you’ll be interested to know, can crop up in the most unexpected of places. We know for a fact that you can attract a respectable price if you wish to sell gold in your possession.

Victorian Gold Sovereigns  

Gold coinage might sound like an archaic form of exchange calling back to an older time, but really, these items hark back more to a golden age if anything. Just 150 years ago, Gold Sovereigns were commonly used forms of currency in the UK, bearing the portrait of Queen Victoria herself, one of the country’s longest-reigning monarchs. 

Her lengthy reign and the production of various designs of Gold Sovereigns during this time means Queen Victoria has a wider variety of Sovereign coins struck in her likeness than any British monarch before or since. Gold Sovereigns and Half Sovereigns contain gold to the value of roughly £300 and £150 at today’s prices. Depending on the design, the date it was minted, rarity and condition, specific coins may be of interest to historians, numismatists or gold coin enthusiasts and hold much greater value. 

For example, during Queen Victoria’s long reign, several versions of her likeness were used on her coins. The ‘Young Head’, for the early part of her reign, the ‘Jubilee Head’ covering the period from 1887 to 1893, and the ‘Old Head’ or ‘Veiled Head’, with Queen Victoria depicted in mourning following the death of her husband. The iconic St George and The Dragon design for Sovereigns was also replaced by a shield design at various times during Queen Victoria’s reign. 

Gold coins by type 

Gold Sovereigns aren’t the only types of coins you might find as old heirlooms, or as part of pieces of jewellery. The UK is a popular producer of such coins, including the Britannia, depicting the British emblem herself. The 1oz of pure gold contained in a Britannia coin is currently worth more than £1,200. This means, if you are lucky enough to find some of these coins in your possession, you could be sitting on a small fortune.  

South African Krugerrand gold coins are another form of coin to watch out for, first minted from 1967 onwards as a means of allowing for private ownership of gold. Between the 1970s and 1980s, at the height of the apartheid era, import of such coins from South Africa was prohibited in many countries. However, following relaxation of these regulations, the Krugerrand went on to become the most widely held 1oz gold bullion coin on Earth. 

There are a finite number of gold coins which are now prized heirlooms or incorporated in items of jewellery, such as Sovereign pendants or rings, lying in homes all over the country. As there is such demand from the buyer side from the likes of gold coin enthusiasts, historians and other gold-related buyers, prices can be substantial, and give you a golden dividend, should you wish to sell with UK Scrap Gold today.  

Found a gold coin but want to get the experts to take a look at it? Give us a call on 01902 623 254 to make this happen today. 

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

Is Your Scrap Gold or Silver Worth Its Weight?

Authenticity is crucial when you wish to sell gold or silver. UK Scrap Gold has been a buyer of a wide range of items including rings, chains, gold tooth fillings and silver cutlery over the years, just to name a few. But all is not as it seems. All that glitters is not gold.

Precious metals prices are close to all-time highs, so you don’t want to fall at the last hurdle, and find your items aren’t what you think they are.

An electroplating epidemic

UK Scrap Gold has experienced a growing number of people sending in items believed to be gold or silver, only to be disappointed when our team digs deeper and discovers they’re not. Items which give the appearance of gold or silver can often be electroplated. This means manufacturers apply a thin layer of gold or silver onto the surface of a cheaper metal, often copper.

It makes you believe the item is authentic, but cut through the glossy exterior, and you’ll find you may have been short-changed.

Electroplating is an electro-chemical process which can short-change you, and stops you benefiting from the tangible value to be had when selling true gold or silver, when the time comes. While gold and silver are durable metals, electroplated alternatives are worth a fraction of their value, and degrade easily, as the molecules from the base metal transfer into the thin gold/silver layer, causing it to look tarnished over time.

Signs to watch out for include apparent wear to the surface of your item – solid gold is ageless and doesn’t oxidise, helping preserve its shine for thousands of years. Electroplating serves as a sticky plaster, but the shine soon wears off, exposing the copper underneath.

Hallmarks to spot

Fortunately, gold and silver items can be more easily identified if they have hallmarks. These markings serve as effective seals of approval, informing you of the purity of your item, as well as the Sponsor’s Mark and Assay Office mark.

For more information about hallmarks and how they work, check out this article here.

Gold items often include a stamp saying “375” which means the item has been assessed and officially classed as being 9 carat or 37.5 per cent pure. Keep an eye out for this number, as purity plays a significant role in determining how valuable gold items can be. Our Gold Scrap Calculator can help you work out what you could make by selling with UK Scrap Gold today. All you need is the item’s weight, plus its purity.

If you’re sure you have an item which you believe to be genuine gold or silver, and you wish to sell, look no further than UK Scrap Gold. We offer £14.25 for just one gram of 9-carat gold, as a starting point. Imagine what a heavier higher-purity item could be worth.

For more information about selling scrap gold or silver, call UK Scrap Gold 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.

Value Your Scrap Gold at Home During the Coronavirus Pandemic

The current coronavirus pandemic continues to see a rising number of cases, meaning more of us are spending time based at home. UK Scrap Gold has paused accepting new sales of gold for the safety of customers, and to prevent potential losses of items in transit.

But that doesn’t mean it isn’t possible to get a valuation or have plans in place to recycle your scrap gold. In fact, we have all the tools you could need, so that you’re ready to make a sale, as soon as our full service is resumed.

Valuations of scrap gold have never been so easy!

Scrap gold could be worth a fortune

Market turbulence has led to much money flowing into safe havens in recent weeks, as the COVID-19 pandemic causes key parts of the economy to close down. Cases continue to rise, and as any responsible business would do, UK Scrap Gold paused receiving items from customers from Friday 20th March until further notice.

We’re doing this in the best interests of everyone we work with, to help limit the spread of this new coronavirus, and to limit the risk of precious items being lost in transit, as we’re sure there will be some potential disruption for a short time.

In the meantime, use our Scrap Gold Calculator to value your scrap item today – whether it’s an old piece of jewellery that you’ve been meaning to sell for a while, or something you’ve only just acquired but have no need for, valuation is easy.

Rather than having to send your item directly to us for analysis, using our Scrap Gold Calculator requires you to provide an estimate of the item’s weight and carat (purity), so it can give an accurate reading. Gold prices have been close to all-time highs for a number of weeks, and the Calculator reflects that in each reading it gives.

Sales and recycling as part of our service

When we are able to restore our full service to customers, this includes not only facilitating the sale of scrap gold items for quick and easy cash, we also enable customers to ‘recycle’ gold by selling scrap items to us and purchasing VAT free investment gold bars and coins with the proceeds.

Did you know that gold jewellery has VAT added to it? This distorts its value somewhat – by selling your item to us, you can invest the proceeds into a VAT free gold bar or coin through our sister website – UK Bullion.

 Investment gold is exempt from VAT altogether and is a smart way of storing wealth, as gold prices remain elevated for the foreseeable future.

UK Scrap Gold wishes you good health and fortune in the coming days and weeks and looks forward to restoring a full service at the earliest possible opportunity, as soon as it is deemed safe and appropriate to do so.

Elevated Prices Persuade Families to Sell Gold Heirlooms

Gold has been prized for centuries, adorning the tombs of Egyptian pharaohs and being passed down through families as tokens of good fortune.

The price of gold has remained so high in recent months that families who hold large quantities of the precious metal have made the bold move to sell gold items, often including family heirlooms.

Holding large quantities of gold has proven risky for some, as police warned earlier in the summer that members of the South Asian community were particularly vulnerable to burglaries of gold, as they often increased holdings of the precious metal while preparing for the wedding season.

A BBC investigation in March 2019 found that as much as £140 million worth of gold jewellery had been stolen from families of South Asian descent since 2013, with the Metropolitan Police reportedly recording 3,300 thefts for the same demographic group between 2017-18 alone.

Popular metal for heirlooms

The spike in the gold price in recent months has been viewed as a likely trigger to the increasing number of gold thefts from households possessing large quantities of gold. The yellow metal is popular, particularly among South Asian families, as part of marital traditions going back generations.

Check out our Live Gold Prices chart, to keep track of the latest price moves.

High prices have also made the perfect opportunity for anyone with a bit of scrap gold lying around to make a significant amount of cash easily. UK Scrap Gold accepts a wide range of scrap gold items, whether that’s broken or unwanted gold jewellery.

You might not even realise just how much of a literal goldmine you could be sitting on, with pieces of scrap gold in your home, gathering dust.

What about purity?

It’s possible you might have discovered something golden and perhaps you now wish to sell scrap gold, but you’re unsure whether it’s pure enough. Don’t worry – UK Scrap gold will be happy to help, even if the item isn’t 24-carat gold precisely. Scrap gold items come in a wide range of purities, and some items might include different pieces of gold, of varying purities.

Here at UK Scrap Gold, upon receipt of your scrap gold item, we can simply separate the respective pieces, and give you an easy cash valuation for each individual piece.

If you wish to take advantage of gold being close to record prices, and plan to sell scrap gold to specialists, why not consider selling it to us at UK Scrap Gold? If you want to get a good valuation before selling, do your own valuation at home, using our scrap gold calculator on our homepage.

All you need to know is a rough approximation of the item’s carat or purity, as well as its weight in grams.

UK Scrap Gold has a main office in Wolverhampton, so if you wish to visit us about any scrap gold queries, make sure to drop us a message, to book an appointment. Better still, feel free to call us using the number below. We look forward to helping with your enquiry.

Why Not Sell Your Scrap Gold This Summer?

It might be handy to have that bit of extra cash to spend for the summer holidays. If you have scrap gold you no longer wish to keep, it could be the perfect time to gather it up and sell it – why not come to UK Scrap Gold for a valuation today?

Value for money on your scrap gold

UK Scrap Gold offers you true value for money, when it comes to scrap gold – as of mid-April 2019, we offer as much as £11.38 on just a gram of 9-carat gold. We base our gold scrap prices on the London Gold Fix, a reputable and regularly-updated price metric.

This ensures that your gold is sold with the proper value that it deserves. Gold has long been famed for its beauty, and its value currently sits at elevated levels of over £983 (as of late April 2019), twice what it used to be worth a decade ago.

We accept all sorts of scrap

Worried that you have an item made of gold, but don’t think any vendors will be willing to accept it? UK Scrap Gold accepts gold in its many forms, whether that be jewellery, coins or watches – don’t worry if you’ve found broken items – we accept them all the same.

To get started, fill out our short description form – we only ask you to provide the essentials. Before doing any of this, you’re free to use our gold scrap calculator, a handy tool that allows you to get a quick and easy valuation before you even consider sending a single piece of scrap gold. 

When you’re ready to get in touch, don’t forget to fill the description form – any information sent to us is protected by encryption, and we ensure that it is only used with regards to your transaction.

Quick transactions, suited to you

Once we have received your scrap gold, payment will be made within a matter of hours. Depending on your preferred method, a transaction could be with you in as little as 2 hours. A cheque or cash can be dispatched within as little as 24 hours – the choice is yours. 

Whichever way you choose, we always aim to ensure the cash is in your hands within a day of us receiving your scrap gold.

Established scrap gold buyers

UK Scrap Gold has operated for over 20 years as reliable gold scrap specialists for people wishing to sell scrap gold, silver or even platinum. We value our relationships with customers and use the most cutting-edge technology to verify the value of your scrap gold so your items are always priced right. Check out our testimonials page, to hear what our satisfied customers have to say about our service.

Contact us

If you wish to get in touch, we look forward to hearing from you. Click here to contact us today. Don’t hesitate to give us a call, write to us by post or email. Additionally, if you happen to be based in or around Wolverhampton, you’re more than welcome to drop in on our headquarters. 

Please note that it is advised to schedule an appointment if you wish to make a visit to us. Our offices are open between 9am and 5pm from Monday to Friday.