Category: Precious Metals

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.

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.

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.