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Scrap Gold Blog

Recycling Gold For A Low-Carbon Future

Published Tuesday 30th November 2021

gold bars

After this year’s UN Climate Conference, COP26, hosted in Glasgow, industries such as the gold market are under pressure to embrace greater sustainability. Selling more scrap gold could be just the ticket to helping make gold much greener. That’s because a large chunk of the world’s gold supply is recycled.

Benefits of recycling gold

You only need to look at costs to assess why recycling is preferable to sourcing gold through mining. The gold price is high, reflecting how ideal it is for selling any gold you have. Gold mining, which ultimately sources most of the world’s gold, also comes at a high price, but to the planet at large. For every troy ounce the world produces, 0.8 tonnes of CO2e are emitted. If we are to put all of our eggs into the gold mining basket, we only add to the scale of our climate challenge.

Recycling gold, on the other hand, is significantly more convenient to do, helps you make some money and also saves tonnes of carbon from being emitted through mining. It all starts with simply selling gold you already have, to Scrap Gold UK. Gold is seen as having great intrinsic value, hardly oxidising, and it can be melted down and reshaped into new items over and over again without losing that shine.

The World Gold Council estimated that 28 per cent of the world’s gold was sourced through recycling alone in 2020. It’s a tried and tested practice which has been carried out for generations. At times when supplies of gold were scarce, mines ran dry and the gold rush was seemingly over, melting down and recycling existing gold was the next best thing. In a modern context, it is significantly less costly to the planet, and keeps supply chains in a more circular resource loop. Why dig for more gold, when we’ve got plenty to recycle up on the surface?

The golden circle

Recycling gold is just one aspect of what is touted as a circular economy: a world in which resources can be consumed, recycled and reused before the process is repeated ad infinitum. By setting our sights away from plundering the planet for more resources, recycling is a natural approach which helps maintain a circular economy within the gold market. By selling scrap gold with Scrap Gold UK, for example, you are helping reduce demand for fresh gold to be mined, by providing more of it ready to be recycled.

Not only do mines produce carbon through their activities, but also often release toxic waste products into the environment. Lower demand for mined gold means less of these nasty side effects. It’s a rebalancing act, and you could be pivotal in making it happen sooner rather than later.

Whether you possess rose gold or white gold, dental gold or jewellery, this precious metal can come in all shapes and sizes. Scrap Gold UK are gold specialists who have been helping facilitate sales of gold for a number of years now. If gold is to maintain its shine, it should also embrace the greener way of doing things. To learn more about selling gold, get in touch with us today.

Copyright: bashta

 

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What’s In A Silver Coin?

Published Monday 1st November 2021

As precious metals specialists, Scrap Gold UK receive items of all sorts. Silver coins, or coins purporting to be minted in silver, are some of the most common items people wish to sell to us, but before you do so, it always pays to know precisely which coins to look out for and which ones are more likely to be loose change.

History of silver coins

Silver coins were considered a measure of true value as far back as the Middle Ages. Often, these coins were minted with silver at the highest purity available, but those responsible for minting them soon realised they needed to be slightly less than pure (92.5 per cent to be precise), to ensure they could withstand regular wear and tear. The remaining 7.5 per cent was often filled in with copper. As a result, for much of English history, silver coins of the highest purity tended to be .925 purity at most.

However, if you have a load of old silver coins from days gone by, you need to be mindful of precisely when they were minted. Anything minted before 1920 is likely to retain that .925 purity, on the upper end of the purity scale, with that added bit of extra historical value. However, high production costs from 1920 onwards saw silver content in coinage decline substantially; by 1945, coins had closer to 50 per cent silver content, with the remainder plugged by manganese and other cheaper metals.

From 1947 onwards, virtually all ‘silver’ coins ended the use of silver in their minting entirely. This means if your coins are of the post-war vintage, it’s unlikely you’re in possession of actual silver coins unfortunately. By 2021, coins with that silvery look may trick you into thinking silver is back in fashion, but actually modern 5p, 20p and 50p coins make use of nickel-plated steel.

Pricing your coins

Silver coins often come in hauls or caches, passed down through the family, which you might want to sell all in one go. However, unless they date back to 1947 or earlier, they’re less likely to be attracting that 925 purity price. Otherwise, purity is likely to be lower than older variants. In more recent years, silver bullion coins have been minted by specific mints but you need to know what insignia and other signs to look for to know their precise origins.

At Scrap Gold UK, we have a Silver Scrap Calculator which gives you the chance to get a free valuation of items with a purity of at least 50 per cent. All you need is an idea for the item’s purity and its weight in grams. At present, a gram of 925 purity silver can be sold for 44p, lower than what you’d expect when selling a similar amount of gold, emphasising the importance of selling in bulk if you wish to sell small silver items at all.

Need an expert opinion on what your coins could be worth? Scrap Gold UK has received a fair share of coins, so we know what to look for, when it comes to high-purity silver items. Get in touch with us today by calling us on 01902 828 400.

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Gold Coins Face Strong Demand At Present

Published Sunday 31st October 2021

gold bars

While you might expect funny looks if you try paying with gold coinage the next time you go shopping, demand for these types of items is considerable, and the argument for selling gold has never been stronger, especially considering current gold prices. But what are the most common types of gold coins to look out for?

Gold Sovereigns reign supreme

Of all the gold coins which are likely to wind up in your home, Gold Sovereigns, or Britannias to a lesser extent, are close to the top of the list. This is especially true if they are Victorian era Sovereigns, owing to the fact that they were legal tender during this long period of British history, and they come in many different forms.

During Queen Victoria’s reign, Gold Sovereigns were minted in various forms: the Young Head portrait until 1887, the Jubilee Head from 1887 onwards and the Veiled or Old Head from 1893 until 1901. The three portraits depict a Queen in three stages of life and are of great historical value for gold coin enthusiasts as they offer a tangible record of this golden age for coins.

Prices for Gold Sovereigns are in the region of £300 as a Full Sovereign typically weighs 7.98 grams. By contrast, a Gold Britannia, depicting the British emblem of Britannia with shield and trident in hand can fetch in excess of £1,200, coming in at one troy ounce. Using Scrap Gold UK’s Gold Scrap Calculator should give you a rough idea of what your coin could be worth. All you have to know is the coin’s purity and its weight to give you a free and quick valuation at home.

Other gold coins to watch out for

Gold Sovereigns and Britannias are quintessential British gold coins which can often be passed down through the family in the form of heirlooms, but they aren’t the be-all and end-all of gold coinage. Since 1967, South Africa has been minting coins known as Krugerrands, which were originally minted as a viable way for individuals to privately own gold in an easy way.

Krugerrands are a more modern type of coin, and were hard to come by for many years, especially during the height of the apartheid era in South Africa, owing to a ban on imports from the country as a show of disapproval over its policies at the time. Following the relaxation of import controls, the Krugerrand went on to become the world’s most widely held gold bullion coin. If you do happen to find a Krugerrand in your possession it could fetch a hefty price.

As with many gold items, buyers are often looking for the smaller tenth of an ounce varieties, but should you find one weighing one troy ounce, based on current gold prices, you could expect to sell such a coin for over £1,200. Gold coins come in all shapes and sizes, with different stories to tell depending on when they were minted. As such, they are of great historical value, and many would be willing to pay a high price to buy one off you.

However, if you wish to speak to the experts on all things related to gold coins, give Scrap Gold UK a call on 01902 828 400 today, and see what your item is really worth.

Copyright: bashta

 

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Palladium And Platinum - Alternative Sources Of Value

Published Friday 27th August 2021

While it’s hard to reach the heights of popularity that gold and silver enjoy, they’re not the only metals in the precious metals space. Platinum and palladium are other precious metals that might find themselves into your possession which could attract a respectable price, should you wish to sell them soon.

Rarer than gold

While we consider gold to be incredibly rare, you’ll be amazed to learn that platinum and palladium are even more rare. Platinum is 15 times rarer than gold, while palladium goes even further, being 30 times rarer. Both metals are also in high demand for industrial use, much in the way that silver is extracted and consumed in the manufacture of technology.

For example, you’re likely to have a bit of platinum and palladium in the catalytic converters of any cars you drive. The rest of the time, you’re likely to find these metals being cast for use as jewellery. Wedding bands and other rings are some of the most common examples, as both metals exude a silvery-white shiny appearance, with extra durability and strength.

The rarity of palladium and platinum have massive implications when it comes to selling. For that reason, Scrap Gold UK offers a quick and simple way to initially value any items you have which are made of these metals, without having to send any of them in the post. Use our platinum and palladium scrap calculators to work out what the item is worth. All you need to find that out is the item’s weight and purity.

A pretty pair

If gold and silver are the top tier of precious metals in the eyes of the public, platinum and palladium are the dynamic duo which might require some more attention, especially as the latter is now worth twice as much as it was in 2018. While gold and silver have more predictable boom and bust cycles, the industrial uses of platinum and palladium plus tighter supply may make them far more volatile with more upside potential.

Scrap Gold UK are in a position to help facilitate a sale of platinum or palladium items. We know the signs to spot, to let us know we’re dealing with either of these two metals rather than just white gold or silver. We’re not just specialists in the gold and silver that might be lying around your home, but even rarer, more precious items in platinum and palladium.

If you have such items and wish to make a sale, don’t hesitate to fill in this Seller’s Form, and see what you can expect to make from a sale. If there’s anything you wish to clarify when dealing with a potential sale of either platinum or palladium items, it pays to get in touch directly, to see how Scrap Gold UK can help you. Call us on 01902 828 400 today to make the most out of our expertise.

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Gold Is Becoming A Greener Precious Metal

Published Thursday 29th July 2021

Gold has come in many shapes and forms over the centuries; its malleability and the ease with which it can be melted down and reshaped makes recycling an obvious choice. It should gain more traction as a low-carbon alternative to resource-intensive mining, and there is evidence to suggest a green revolution is already underway in the gold markets.

Gold turns green

The green revolution is being felt in the gold markets, with the supply of recycled gold hitting the markets rising as a share of overall supply. In 2020, the World Gold Council estimated that recycled gold accounted for 28 per cent of total supplies, an impressive feat and a better way of getting more gold where it’s wanted, without hurting the planet.

Just as gold can persist for centuries, the impact of mining for gold can leave long-lasting damage on the planet in the form of emissions and pollution caused by tearing large quantities of rock out of the ground. Before too long, we will soon find seams running dry, and so the case for recycling will become less of an alternative, but rather the only way of taking gold and making something new out of it.

The case for recycling gold is clear, according to some of the latest research. A paper suggested recycled gold is 300 times better for the planet than gold sourced from primary production. While you might not notice your gold seeming greener on the surface, ensuring it is recycled will certainly leave the planet in a better state.

Winning gold in 2021

You only have to turn to the Tokyo Olympics to see what can be achieved with a bit of imagination when it comes to gold. Rather than tearing the ground up to find small seams of gold on a mass scale, the Japanese government opted to mine discarded smartphones and other devices for scrap gold. They extracted this gold and melted it down to form the medals awarded to athletes at this year’s Olympic games.

You could become part of the green revolution in the gold markets by planning to have any gold of your own sold and recycled. By selling to Scrap Gold UK, you can be sure of attracting prices of as much as £15.13 per gram for a piece of 9-carat gold. What was once a piece of jewellery or unwanted coins or bars could be melted down eventually, and transformed into a new golden item for future generations to marvel at – all without having to extract a single extra gram of gold from the soil.

If selling gold is something you’re in the market for, Scrap Gold UK is here to help. Selling with us is incredibly easy - all you have to do is fill in this seller’s form and we can facilitate your sale in a matter of days. By choosing to have your items collected by Royal Mail they could be with us in next to no time at all for a valuation by gold professionals. For any queries about selling gold today, why not give us a call on 01902 828 400 today?

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Operational Update

Published Friday 23rd July 2021

Our offices will be closed from 3pm on Friday 30th July until 9am on Monday 9th August, to give our hard-working team a break after another very hectic period.

We operate with a very small team and 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 have timed the closure to minimize disruption as much as possible. Whilst we apologize for any inconvenience caused by the holiday closure, 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. 

As our offices will be unoccupied, please do not send items to us for delivery during the closure. Mail will not be delivered to us during this period and will be held in Royal Mail or courier depots until our return.

Wishing all of our customers a peaceful and healthy summer.

The Team at ScrapGoldUK


Thursday 12th November 2020

As the latest Covid Lock-Down in England adds to the restrictions that are already in force, to varying degrees, in all parts of the United Kingdom, we wish to re-assure our customers that we are still open for business.

We have very strict protocols in place to keep our members of staff safe in the workplace and business continues, albeit not as usual.

We are still receiving packages sent to us by insured Royal Mail Special Delivery and for higher value sales we are able to make Covid-secure arrangements to receive personally delivered consignments, strictly by appointment only and subject to compliance with our protocols. Please call for details if you wish to visit us to sell items.

For clients that are self-isolating or unwilling to visit a Post Office, the new Royal Mail Collect service may be of interest. It is now possible to have insured Special Delivery parcels collected from your home or workplace by Royal Mail for a small additional fee. Visit Royal Mail Parcel Collect Service for details. (Select large letter or small parcel, depending on the weight of your items and select Special Delivery service with an insurance level that covers the contents.) We strongly recommend that a tamper-proof Royal Mail Special Delivery pouch is used when sending precious metals through the post. These pouches are available free of charge from a Post Office. If you are unable to access a Post Office to collect a pouch we will be happy to post a selling kit out to you, just give us a call.

The recent news that a Covid vaccine could be available in the near future seems to have given the Nation a glimmer of hope that 2021 could see the lifting of many of the restrictions that we are currently enduring. We all hope to see improvements in the situation which will allow as social a Christmas period as possible.

In the meantime, please follow the rules that apply to your particular area and Stay Safe.

The Team at ScrapGoldUK

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Physical Gold Market Squeezed, Boosting Seller Opportunities

Published Tuesday 29th June 2021



Just from looking at gold prices last year, you can see the pandemic was a golden opportunity for anyone with a bit of gold to sell at long last and make once-in-a-lifetime amounts from doing so. The price was right, as it were, as gold was hitting all-time-highs, but now a new rally could be in the pipeline, making 2021 every bit as good a time to sell.

Coins become increasingly popular

Gold coins are some of the most attractive gold items on the market, and come in all sorts of varieties: Sovereigns, Britannias, Krugerrands and American Eagles, for example. They are just some of the items you can sell with Scrap Gold UK, and when you see how the gold coin market is doing, you might want to get in touch sooner rather than later.

Supply of gold coins is constrained by the pandemic, but demand has continued to rise. The US Mint captures just a slither of this trend, as they revealed that sales of gold coins rose 258 per cent in the last year. Unless gold supplies increase rapidly to counteract this spike in demand, prices could also spike, making any gold coin you may have incredibly valuable all of a sudden.

With mints struggling to keep up with higher-than-expected demand, the second-hand market for gold coins is the next best bet for many, which is why you could be sitting on a literal goldmine, if you feel like you’re in a position to sell gold coins in 2021.

Sell second-hand with Scrap Gold UK

Gold coins are especially valuable to the right buyer, because they are historical records of times long ago. Sovereigns have a history stretching back centuries, and are greatly treasured when a new one finds its way onto the market somehow.

Scrap Gold UK is especially good at helping give valuations to gold coins and other such items. If you’re looking for a free valuation, why not try our Gold Scrap Calculator. So long as you know the purity and weight of your item, you should be in a position to work out what it could be worth in today’s money, as it will surely have appreciated many times in value since it was first minted.

When you send your coin to us, subject to its condition, we could be in a position to offer you a selling price worth 100 per cent of its spot price. Demand is just that high - you would be entering into the sellers’ market at the optimum time, as buyers are falling over themselves to get access to coins wherever they can be found.

If selling is on your mind, but you’d like a valuation, get in touch with Scrap Gold UK today, by calling us on 01902 828 400.

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Scrap Gold Ripe For Selling In Post-Lockdown Period

Published Monday 24th May 2021

COVID-19 cases continue to diminish in the UK, thanks to the lockdown restrictions in concert with the roll-out of vaccines since the new year. Even as good news fills the headlines, many of us are still feeling the pinch, having taken a financial hit since March 2020.

However, if you have even a single piece of scrap gold in your home, you could be in for a golden surprise if you should choose to sell as restrictions ease in the summer of 2021.

Summer 2021 could be golden

What makes the summer of 2021 a golden opportunity for you to consider selling scrap gold today? Prices have been on a tear since 2015, having effectively doubled up until the summer of 2020. While gold prices remain steady since last year, they remain elevated and higher than virtually any time in nominal terms.

Selling with Scrap Gold UK is one way to cash in on this so-called gold rush. According to our Scrap Gold Calculator, you could make £15.20 from selling just one gram of 9-carat gold. Imagine the financial boost to be had from selling a heavier item with a greater purity. It certainly pays to do an audit of the gold lying about your home, as you may be in for a surprise!

What better way to celebrate restrictions easing than to enjoy having a bit more cash from having sold any unwanted scrap gold this summer?

Gold buyers galore

There are many gold buyers to choose from, but Scrap Gold UK is worth choosing, as we are specialists in this market. We know the real thing from electroplated alternatives when it comes to gold items. Our aforementioned calculator can be used at home to help you value your gold, but you can always arrange an online valuation with us over Zoom, if you need a discerning eye to help work out what your item is really worth.

If you are in a position to make a sale, it’s the right time to start filling in this Seller’s Form. When selling, we strongly encourage customers to take advantage of the Royal Mail’s door-to-door collection service. This means you can hand your package to a Royal Mail courier from your doorstep and track it along its journey by using the fully insured Special Delivery service, giving you peace of mind during the sale.

When we receive the item, we take note of current gold prices and will analyse your item, before contacting you to make an offer. With gold prices elevated this summer, the argument for selling sooner rather than later grows harder to deny. When selling, why not make it Scrap Gold UK?

Call us on 01902 828 400 to learn more about doing so today.

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Scrap Gold UK Keeps An Eye On Gold Authenticity

Published Monday 26th April 2021

We all want to make sure that the things we sell get a fair price, especially when it comes to precious metals such as gold and silver. These metals possess a significant intrinsic value, and it’s hard to fake them without raising red flags. Things to spot include weight, the existence of hallmarks and certification.

High prices for gold and silver make it easy for some to make a quick profit by selling less worthy items as if they were as good as gold. That’s why we have some ideas to consider, if you are on the verge of making a sale today.

Scratch beneath the surface

Many sellers might apparently offer you a slice of cheap, easy-to-acquire gold or silver items such as coins, helping give you the illusion that you’ve got a lucrative item worth selling as prices rise in the future. However, Scrap Gold UK knows that it’s hard to fake the real thing. True gold is a dense metal, and shouldn’t fade or get tarnished.

Electroplated gold and silver are sly ways for vendors to deceive you into buying counterfeit items, as they are actually comprised of a far cheaper metal covered in a superficial layer of gold or silver. Gold and silver, in their true form, come at a price, and if you suspect you are selling something which you originally acquired far too easily, this could be a sign to watch.

A lack of authenticity can be easy to determine if gold coins don’t have a certificate of authenticity. Such documents are essential in allowing you to trace the origins of your item, and ensure you purchased the original item through a reputable seller.

A bird’s eye view of your item

Scrap Gold UK has the expertise required to help determine whether your item is what you think it is. We offer video calls over Zoom, to observe your item from the safety of your home, or better still, you can post them to us by Royal Mail Special Delivery. Use the secure home pick-up service and track your package, and then wait for us to analyse your item.

We have the tools and the know-how to reveal whether you have an item worth its weight in gold or silver. It pays to bring in the experts, and we are always keen to help sellers get what they deserve for a true piece of gold or silver.

Got an item but want to be sure about what you could make from selling it, before posting it to us? Check out our Gold Scrap Calculator. All you need to use it is information such as the item’s weight or purity. It offers a near-instant valuation completely for free.

Think you have an item which needs checking over, before selling to us? Call Scrap Gold UK on 01902 828 400 today.

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Gold And Silver - Making Sure It’s The Real Deal

Published Thursday 1st April 2021

As buyers of precious metals for many years now, Scrap Gold UK are experts when it comes to authenticity. We know that it’s certainly a seller’s market, as gold prices are close to record highs, offering a reward for those with some scrap gold they wish to finally sell today.

However, we’re noticing a number of sellers mailing in significant amounts of ‘false’ gold or silver - items which appear to be pure but are actually cheaper alternatives. This short-changes sellers, so we’ll give you some facts to help inform whether your item is indeed genuine and able to attract a fair price.

Gold and silver never fade

One of the most common ways you might be short-changed into having false gold or silver is through vendors having previously offered you items which are in fact electroplated. This electrochemical process gives metallic items the appearance of having that distinctive gold or silver shimmer, but scratch below the surface, and you’ll find they used copper as a base metal.

That’s because electroplating applies a thin layer of gold or silver over the cheaper copper base, but this layer degrades over time. One way to spot for electroplated items is to see whether the thin layer has worn through. True gold and silver are renowned for being resistant to oxidation. You may find the odd scratch or dent, but gold and silver should never look faded or worn through.

The issue with electroplating is simple - while the item looks golden or silvery and lasts for a time, it isn’t true gold, and just a cheap alternative. This catches many a gold seller out, when the time comes, and can be a great disappointment, which is why we strongly suggest you check your item carefully before making a sale.

Check for a hallmark

If checking for any signs of tarnishing is easier said than done, here’s another way of assessing whether your item is truly genuine - hallmarks. Gold and silver items above certain weights are legally required to bear hallmarks. These allow people to see how pure they are, as well as allowing them to see the Assay Office and Sponsor Mark they were given.

Purity is best identified on gold items in the form of three-digit numbers, counting up to 999. If you should find a number such as 375, that denotes the item as having 9 Carat, or a purity of 37.5 per cent. Any higher, and you can expect your item to be worth more, thanks to higher purity.

To see what your item could be worth if you sell with Scrap Gold UK, simply feed its purity and its weight into our Scrap Gold Calculator, so you can find a fair value for it without having to send a single gram. If you’re ready to sell, it’s time to fill in the Seller’s Form.

If you still have questions, regarding the quality of your scrap gold or silver items, feel free to give us a call on 01902 828 400 and we’ll do our best to help with any enquiry you may have.

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2021 Reddit Silver Spike Poses Selling Opportunity

Published Monday 1st March 2021

With a much greater degree of affordability relative to gold, silver is often a more accessible precious metal for the average person. Perhaps you have a bit of family silver stowed away - cutlery sets, jewellery or other items of silver which have been steadily appreciating in value over the decades.

If you’re wondering when is the right time to sell silver, 2021 could prove to be a perfect time to do so. That’s because internet forums and smartphone apps are allowing a new generation of investors to bid prices higher, in sudden and unexpected price rallies.

That could pose the perfect opportunity to facilitate a sale of scrap silver with Scrap Gold UK.

Reddit strikes silver

It started with an ailing video game vendor in the United States called GameStop – and a group of Reddit users who contributed to a forum on the site called r/wallstreetbets. Users began to spur a sudden flurry of demand for GameStop shares to squeeze hedge funds which held short positions in the company. Before long, the forum turned its attention to physical silver and its paper silver derivatives.

The resulting surge in demand for silver items caused prices to spike by almost 20 per cent in just three trading days. If you held silver and timed a sale at the right time in February 2021, you could have cashed in on this unforeseen silver rush.

Making a sale requires that understanding of which direction markets are going - that’s why Scrap Gold UK includes a live silver price tracker. Use it to catch the twists and turns in silver prices, to help you time a sale with maximum impact, as the price gets caught in its next upswing.

As Scrap Gold UK is able to help you make a sale in the digital space, we have less overheads than many leading scrap silver buyers. That means we can offer a more favourable price for scrap silver items. Check out our Scrap Silver calculator, to see what your items could be worth, allowing you to make a free valuation.

As of February 2021, an item such as a silver chain weighing 45 grams with purity of .925 could sell for over £22.

Discreet silver sales online

When making a sale of scrap silver through Scrap Gold UK, it’s important to be mindful of the restrictions still in place, during the ongoing pandemic. Standing in line at the Post Office to post your package might seem like the obvious thing to do, but to limit the spread of COVID-19 and ensure your own safety, it is far more convenient to book online for collection by Royal Mail from your home.

The process is quick and easy to set up, and the Royal Mail insured Special Delivery service allows you to track your parcel on its journey to our headquarters. Upon its arrival, we can assess your item and offer a final valuation for you. To initiate a sale, fill in this Seller Form here.

If you have any queries about making sales, feel free to give us a call on 01902 828 400, and a member of our team will be available to assist you.

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Lean January Could Be Golden In 2021

Published Tuesday 19th January 2021

Last Christmas was unlike any that came before, but even so, many of us will have tried to include as many of the trimmings and creature comforts to get us through the festive season. As a result of a weak economy and continued restrictions due to the COVID-19 pandemic, January 2021 will be a leaner time than we could have anticipated.

But it doesn’t have to be all belt-tightening and gloom - a bit of scrap gold could go a long way, and provide that much needed injection of cash, to get you through the cold grey month of January.

January could be golden

Prices in the gold scrap market have been exceptionally high in the last 12 months especially, making January 2021 an opportune time to line up a sale of scrap gold with Scrap Gold UK. We’ve been tracking the price of gold on the open market, and it’s been hitting new record highs as recently as late summer last year.

At one point, prices hit £1,500 per troy ounce. Prices have dipped somewhat since then, but remain high by historical norms, and this has fed through into the broader gold scrap markets. As a result, we can offer you as much as £15.64 for just one gram of 9-carat scrap gold. Our overheads are minimal as Scrap Gold UK offers its services online, allowing us to offer you an exceptionally good price for whichever item you may wish to sell.

It pays to keep an eye on where the price of gold is going, so you can time your sale to ensure real value for money. Use our Gold Scrap Price Tracker and the Gold Scrap Calculator to stay up to date on gold prices and then see what your item could be worth, should you wish to sell today.

Safe sales through the post

As the COVID-19 virus continues to infect large numbers of people in the UK at present, lockdown restrictions remain in place across the country. In the interests of health and safety, it is advised for all of us to minimise contact with those outside our households. Understandably, it isn’t ideal to have to leave the safety of your home to stand in queues at the Post Office.

Instead, you can go online and arrange for Royal Mail to collect your package straight from your door. Want to make sure the item gets where it’s supposed to? You can track your parcel here. Ready to make a sale? Fill in this Seller Form here.

Scrap Gold UK has a dedicated team, ready to answer any questions you may have about selling your gold today, so don’t hesitate to get in touch, by calling us today on 01902 828 400

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Christmas 2020 Operating Hours

Published Tuesday 15th December 2020

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.

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The Opportunity For A Pre-Christmas 2020 Cash Boost

Published Monday 14th December 2020

You don’t need to read the headlines to know 2020 has been a tough year - the COVID-19 pandemic has done much to our health and our economy. But it’s not all doom and gloom - having a bit of scrap gold gathering dust around your home could offer you that much-needed cash boost ahead of Christmas 2020.

With prices higher than during any previous festive season on record, your scrap gold could go further than before, so it could be the opportune time for you to make a sale with Scrap Gold UK today.

A pre-Christmas boost from gold

The ongoing restrictions from the COVID-19 pandemic mean you’ve probably spent far more time within your four walls than ever before. That may have given plenty of time for you to go through the home, and think long and hard about what you need and what can go.

Scrap gold has become increasingly valuable this year, and Scrap Gold UK has been following gold prices higher and higher in 2020, on news of recession and economic uncertainty. Prices touched £1,500 per troy ounce for the first time this summer. As a result, we’re able to offer customers as much as £15.93 per gram of 9-carat gold.

It’s one of the most competitive prices to find in the gold scrap markets, as Scrap Gold UK’s service is highly digitised, meaning we require lower overheads than most buyers. To see what your item could earn you, check out our Gold Scrap Calculator here - all you need to know is the weight and purity of your item.

Make a sale with Scrap Gold UK today

Higher prices for scrap gold mean something of a pre-Christmas dividend, if you time your sale right. Scrap Gold UK has been helping customers make timely sales for many years, and we do so using a secure, easy-to-use service.

For more information about how to sell with Scrap Gold UK today, check out our How Does It Work guide here. When you’re ready to go, it’s time to fill in the Sell Your Gold form here. With a few short clicks, you can make a sale easily, without even having to set foot outside your front door.

Please note that Scrap Gold UK will pause receipt of scrap gold items over the festive season from 17th December 2020, so make sure to send your item ahead of time, to carry out a speedy transaction. To avoid having to visit a Post Office branch in person, why not try the online Post Office collection service?

For more information about making a sale today, give us a call on 01902 828 400, to get in touch with our team, in case you have any enquiries to make.

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Lockdown 2.0 Is The Perfect Time For A Scrap Gold Clear-out

Published Tuesday 1st December 2020

It’s easy to feel a sense of déjà vu, as England emerges from under its second major lockdown since COVID-19 first reached our shores.

With this in mind, the nights are longer and more of us are spending time at home.

So, if you’re doing that much-needed clear-out and find a bit of scrap gold lying around or have an item you’ve been meaning to sell, now could be the perfect time to consider doing so. Prices are high, and you’ve got all the tools you need to make an easy sale right at your fingertips…

Gold is near all-time highs

The price is right - this summer, we saw gold prices top £1,500 per troy ounce for the first time ever. At Scrap Gold UK, we are able to offer you a market leading price per gram of 9-carat gold. This is an opportune time to consider locking in the gains to be had from selling gold at this high.

Timing a sale is everything, so that’s why we use our Live Gold Price Tracker, to help you identify when the price is high enough for you. To get an accurate reading of what you could expect to make from selling your item, our Gold Scrap Calculator is on hand, giving you an accurate reading. All that’s needed is the weight in grams and the item’s carat or purity.

Whether it’s old coins, cutlery or even old gold tooth fillings, we’re happy to take a look and help value your items, to realise the great gains you have locked away in your home.

Post Office makes delivery easier than ever

It’s never been easier to send scrap gold items by post than in 2020. While restrictions remain in place, Scrap Gold UK is doing everything it can to help in the fight against COVID-19. Visits at our offices in Wolverhampton are by appointment only, and we encourage customers to embrace the idea of dispatching their gold in a way that ensures their safety.

For example, one of the best ways to send your items to Scrap Gold UK is through the Post Office’s Click and Drop service. This allows you to have your parcel collected from home, avoiding having to make the journey to the nearest Post Office and stand in a queue. All it takes is a few clicks of a button, a tamper-proof sack or packet in discreet packaging and you’re set.

For all the necessary information about sending your item, including the address to send to, check out our Selling Gold Online page.

Payment can be made swiftly, in the form of a bank transfer or a cheque, within at most a day following the receipt of your parcel (excluding weekends and bank holidays). By calling us on 01902 828 400, you can be put directly in touch with our Customer Service Team, who will be on hand to help with any enquiries you may have.

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