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. 

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.

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.