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.