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Scrap Gold Blog

Sell Scrap Gold As Recession Predicted For Quarter 1 2023

Published Monday 25th July 2022

scrap gold

Many economists predicted a recession in 2022 as the economy suffered due to inflation and the cost-of-living crisis. This has been averted after the economy grew 0.5% in quarter 2 (Q2) 2022. However, this doesn’t mean that things are going to get any easier for UK households. 

Energy bills are predicted to rise again in October, and many economists forecast that a recession will begin in early 2023. A recession will concern many. How will they be able to pay their bills? Selling scrap gold could be part of the solution and luckily, at Scrap Gold UK we buy gold in a variety of forms.

Will there be a recession in 2023?

From ONS data, we can see that a recession in 2022 has so far been avoided. In May the UK economy grew by 0.5%, preventing a second consecutive quarter of GDP decline. However, a warning klaxon has been sounded, inflation may rise further and the cost-of- living crisis could escalate.

Should a recession come to pass, Brits will feel the pinch in their wallets. Inflation is at a 40-year high with energy prices skyrocketing as gas and oil prices continue to rise during the war in Ukraine. All this has meant people are struggling to pay their household bills.

The Bank of England has said it is not expecting a recession in 2022, however it does forecast a downturn between October and December, predicting a contraction of almost 1%.

A Financial Times survey of economists highlights that there is a high likelihood of a recession in 2023. As many as 38% of economists surveyed predicted that the economy will go into recession in the Q1 2023. 30% thought recession would come, but not until Q3 or Q4.

The definition of a recession is when GDP declines for two successive quarters. If the economy declines again in Q3, a recession could be confirmed as early as the end of this year.

Is now a good time for households to save?

Interest rates rose in June 2022 from 1% to 1.25%. Set by the Bank of England, the UK’s central bank, the institution decided to increase the rate in order to control inflation by curbing consumer spending. With a higher interest rate, the bank is hoping Brits will be convinced to save rather than spend.

However, as mentioned, household bills are uncomfortably high for many, and energy bills are predicted to rise by 40% in October, having already significantly increased following the war in Ukraine. Rather than saving, many households will be forced to spend their savings on paying bills.

For those that need an extra level of disposable income, Scrap Gold UK offer some of the best prices online for scrap metal.

There are many other reasons to choose Scrap Gold UK:

  • Family run business
  • Honest pricing and fair returns
  • 100% satisfaction guarantee or your gold back

Gold prices are currently buoyant. Today, 25th July, one gram of nine carat gold will fetch you £16.46, if you have as little as seven grams, you could make over £100!

Sell scrap gold to prepare for a rainy day

You can see how much your scrap gold can net you by using our easy-to-use scrap gold calculator. Just check the carat of your gold and weigh it to determine its weight.

With Scrap Gold UK you can sell your scrap gold in 3 steps. Just fill in our seller’s form and include it in your parcel before posting to get your money within 24 hours of receipt.

We welcome any questions you might have about selling gold, so don’t hesitate to contact us if you have any questions.

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Sell Scrap Gold To Boost Your Family Summer Holiday Funds

Published Thursday 16th June 2022

inflation

June may have started with the mercury high, but we all know how unreliable British summertime is. That’s why you may be planning a traditional summer holiday abroad later this summer. But, with inflation at historic heights, and the cost-of-living crisis biting hard, you may be struggling to free up the money you need to fund the holiday that you deserve.

In this article, we will explain how you can sell scrap gold to release funds to afford the break you’ve been looking forward to.

What is scrap gold?

You might think that you don’t have any scrap gold to sell at home. However, scrap gold is more common than you might think and comes in various forms.

Scrap gold can include broken or unwanted jewellery, gold coin collections, gold family heirlooms, old watches and even dental gold. And we accept other precious metals not just the yellow metal. We buy gold, silver, platinum and palladium. For a full list of the items we buy click here.

How are prices faring at the moment?

As an overall trend, prices have been rising consistently, and at times dramatically for more than a decade. Our live prices gold chart shows that the price of pure gold at the time of writing on June 15th, is £48 per gram. At the beginning of the year 5th January, pure gold was priced at £43 per gram.

On 14th June last year gold was priced at £42 per gram, so, in the space of a year gold prices have risen £6 per gram. At the moment, gold prices are relatively stable and not rising particularly noticeably, however gold is still trending upwards in the long term. And gold tends to rise during times of economic uncertainty, as it is seen as a hedge against inflation by investors. Therefore, it would be unsurprising if gold were to rise in the months to come.

Sell your scrap gold today

Selling your scrap gold is an easy process and you can release cash in as little as 2 hours from us receiving your package.

At Scrap Gold UK you can sell your gold in three simple steps.

Firstly, value your gold using our scrap gold calculator. We also offer calculators for silver, platinum and palladium. You will only need to know the weight and purity of our gold and we’ll calculate the value of your metals.

The second step involves delivery. Package your items and send them via the Royal Mail Insured Special Delivery service, include our seller’s form in your package and post. We recommend packaging your items securely in a jiffy bag and sending via a Royal Mail Special Delivery tamper-proof envelope, which allows you to insure your package for contents up to £2,500.

Finally, you will receive your money by secure bank transfer. This will usually be processed on the day we receive your parcel (excluding weekends and public holidays).

Any questions? Get in touch

We’re always on hand to help those looking to sell scrap gold. Get in touch with us if you have any questions about your gold. Perhaps you are unsure of its purity, or you’d prefer we value it for you.

We’re also happy to meet you face to face, so feel free to book an appointment to join us in our head offices in Wolverhampton.

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Beat Inflation By Selling Scrap Gold

Published Tuesday 31st May 2022

inflation

With the UK Chancellor Rishi Sunak declaring that inflation is causing everyday Britons “acute distress”, it seems like the cost-of-living-crisis isn’t going away any time soon. Sunak confirmed to Reuters that he is waiting for the Bank of England to “take decisive action”, hoping that confidence can be returned to consumers before long.

However, with inflation reaching a 40-year high of 9% in April and with dire warnings from the Bank of England to expect double digit figures by the end of the year, it’s difficult to imagine an imminent resolution. Regulated energy prices are also set to rise by 40% before 2023.

Because of these conditions many scrap gold owners are considering selling gold to ease the pressure of the economic crisis. In this article, we explain why now might be a good time to sell scrap gold.

Gold prices and inflation in step

Inflation rose to 7% in the 12 months to March 2022, this is the highest level since 1992. By comparison, the gold price has risen 9% in 2022. From a point of £43 per gram on January 5th to £47 per gram at the time of writing (May 26th), gold has risen steadily during the economic crisis. Gold investors have long recognised the unique quality of gold to act as a hedge against inflation.

Imagine you had 5 grams of 24 carat gold to sell at the time of writing. By inputting these figures into our scrap gold calculator you would see that you would make £235 from a sale. At the beginning of the year, you would have made £215. Just a few months can make a difference to the profit you could make.

That’s why it can pay to keep an eye on live gold prices to time your sale just right. Our price chart is updated every five seconds.

How to sell scrap gold

To sell your unwanted scrap gold now, simply fill in our sellers’ form. Have you got unwanted jewellery just lying around the house; an old coin collection just gathering dust? Or perhaps you have a silver cutlery set cluttering the living room? If so, try our silver price calculator. To learn more about what you can sell click the link.

In just three steps you can sell your gold and receive payment on the same day.

Calculate the value

Using our scrap calculator, you can easily calculate the value of your precious metal. Simply determine its purity and then weigh it using a set of household scales. Input the values in our easy-to-use calculator and evaluate our price.

1. Securely pack and post your items

After completing our sellers’ form and enclosing a copy with your items, we recommend posting via Royal Mail Special Delivery tamper-proof envelopes. If you either cannot determine the purity or weight of your items or would rather we provide a valuation, we have the capacity to do so at our head office in Wolverhampton. We also accept face-to-face appointments, please call us on 01902 623 253 to make an appointment.

2. Receive your payment within 24 hours

You will receive your payment via bank transfer on the same day we receive your parcel.

If you have any questions about selling scrap gold, please don’t hesitate to give our dedicated team a call on 01902 828 400, or contact us today. Our Customer Service Team is always happy to help.

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Sellers Beware: Get Yourself The Best Price For Your Gold

Published Tuesday 5th April 2022

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Gold prices rocket

The value of gold generally rises in times of global and economic instability. 2022 has certainly continued this trend.

The Russia – Ukraine conflict has fuelled economic volatility, compounding the effects of Covid, and rising inflation. But true to form, what has been such a huge negative for many people had a positive effect on the price of gold. The price of gold has risen, starting the year around £43 a gram and currently sitting around £47, meaning now may be a good time for you to sell scrap gold.

It may be time to dust off your unwanted gold

With the gold price riding high at the moment, it may be worth considering whether to hold onto old gold that you don’t use, whether it be a necklace, ring or collection of coins you’ve been wondering what to do with.

But before you jump in to sell your gold at the first opportunity, it’s worth considering that when gold prices increase so too can the number of disreputable operators.

The gold market is upside down: sellers beware

The common phrase ‘buyer beware’ refers to the idea that the buyer has less information about the goods or service they are purchasing than the seller. However, when it comes to gold, the opposite can be true.

It is the seller who is likely to have less information about the gold than the buyer, therefore, it is the seller who should be wary.

Purity is the gauge on which a gold buyer will base the price they quote you for your scrap gold. A reputable buyer will be able to test the purity of your gold and in turn offer you a fair price. To accept their price, you will need to be able to trust that what they tell you is true.

We want you to get the best price possible!

We don’t want to scare you away from selling your gold. The market is full of reputable and honest buyers. We simply want you to be aware of any potential barriers stopping you from getting the price you deserve.

In this climate, when gold is doing well, it is more likely that you will come across a buyer who will give you an unfair price. To ensure you’re well informed, we’ve summarised some of the most common tricks a gold buyer may employ to pull the wool over your eyes.

The typical tactics

A dodgy buyer will use crafty methods to fool you into thinking you’re getting a good price. One classic tactic is to list the spot price of gold rather than the price they are willing to pay. They might also detail the price they are willing to pay in ounces. This is designed to confuse you as selling scrap gold means you will probably only have grams rather than ounces to sell.

Beware of potential buyers that do not publish their rates before you send in your items. “Best price guaranteed” is no substitute for a genuine guide price!

You will rarely get given a value anywhere near the spot price. However, Scrap Gold UK pays you 95% of the gold spot price. To be clear, the spot price refers to the current value of gold on the investment markets.

Moreover, Scrap Gold UK is an established business that offers honest pricing. We also provide a 100% guarantee or your gold back!

A great way to become just a bit richer

Selling your unwanted gold can be a simple way of generating some much-needed cash.

At Scrap Gold UK, we will always make sure you get a fair price, whether your gold is hallmarked or not. This is because we check the purity of the yellow metal. And if it contains the correct level, we will pay you the market price.

Say goodbye to your unwanted gold today

We operate an easy-to-use service. If you want to find out the value of your gold, you can use our gold calculator. If you enter the weight and carat of your precious metal, we will generate its value.

For example, 5 grams of 18 carat gold would get you £169.90 today (5th April).

When you are sure you want to sell your item, complete the sell your gold form. Our team will generate a reference slip for your parcel, and you can attach this before posting your gold to us. We recommend you pack your items in a jiffy bag with the sell your gold form. They should also be placed in a Royal Mail Special Delivery tamper-proof envelope (available for free from your nearest Post Office).

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Scrap Gold And The Political Turmoil In Ukraine

Published Thursday 10th March 2022

Scrap Gold and the Political Turmoil in Ukraine

There is deep global uncertainty surrounding Russian President Vladimir Putin’s decision to invade Ukraine, and this means it could be the right time to sell scrap gold.

Why is the price of gold rising?

The situation in Ukraine is getting worse and worse. The UN has noted that there are now more than 2 million refugees. The human suffering associated with this conflict has been enormous over the past weeks.

Historically, this kind of political uncertainty causes the price of gold to rise. This is because it is a tangible asset and a safe-haven metal, unlike stocks and bonds that lose their value during periods of economic and political uncertainty.

Existing economic uncertainty surrounding global supply chains and increasing evidence of price inflation were key drivers as Gold rose in value by 8 per cent last month. And it looks like there is a strong possibility it will continue to rise even further unless things change rapidly for the better in Ukraine. Russian President Vladimir Putin is being investigated for war crimes which is not a good sign that things will let up. As of 10th March, gold was trading at around £1,527 per troy ounce.

The right time to sell?

If you are in the market to sell your old scrap gold, you may be in for a treat. If you have old gold objects that you no longer want, we can convert your gold into cash. And we take virtually anything, as long as it’s gold! Examples include jewellery, trinkets, coins, and even gold fillings.

Gold is increasing in value in response to existing economic uncertainty and to the Ukraine crisis. In response to Putin threatening to terminate gas supplies to Europe, gas prices have risen by a third. Another event that caused further uncertainty and acted as a catalyst in pushing up the price of gold was the attack on the nuclear power plant in Zaporizhzhia, south-eastern Ukraine. After this, gold prices reached a six-day high at above £1,485.

How to sell your gold

If you’re looking to sell scrap gold, why not try our simple to use gold calculator. Make sure you have the weight and carat information of the piece you want to sell, and we will use this information to tell you how much you can make. For example, today our price for just one gram of scrap 9ct gold is £17.61.

Once you have a valuation that you are happy with, complete the sell your gold form. We will generate a reference slip for your parcel which you can attach before posting to us. We recommend that our customers pack their items in a jiffy bag or similar, with the sell your gold form and items together in a Royal Mail Special Delivery tamper-proof envelope (available for free from your nearest Post Office).

Contact us with any questions

At Scrap Gold UK we can offer a competitive price, which high street organisations are, on the whole, less able to offer. Get in touch with our team on 01902 828 400 to find out more about selling scrap gold.

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Reasons To Sell Or Swap Your Family Gold In 2022

Published Monday 31st January 2022

gold theft

High gold prices are good news for those with a bit of gold to spare, especially among families where gold is treasured as a great heirloom. However, such traditions make families the target of gold thefts, so it might be worth considering a sale or even swapping heirlooms for bullion bars.

A golden line

British Asian families have a popular tradition of bestowing golden family heirlooms to the next generation as wedding presents, often in the form of jewellery. Such items are often the products of artisans in rural parts of the Indian subcontinent, and their distinctive beauty can make them easy targets for organised crime groups who target British Asian communities for theft. In 2019, it was estimated that Asian gold thefts since 2013 had resulted in a loss of £140 million worth of stolen gold, and this number will be even greater by now.

Aside from the risk of theft, Asian gold is often lacking in the types of hallmarks modern gold possesses. This means that, when selling, it can be tricky for you to ascertain an item’s purity upon initial inspection. Often, Asian gold is less than 22 carat, perhaps closer to 21 carat instead, due to mixing with other metals during the production process by rural artisans.

Fortunately, Scrap Gold UK has the means to help determine how pure your item may be. We use X-RF machines which allow us to conduct a process known as gold assaying: X-RF machines fire X-rays at your gold, causing it to emit a form of light, allowing us to determine the composition of the item on a molecular level. The process means we can work out how pure your item is, regardless of whether it has a hallmark or not.

Gold sold for gold

Understandably, traditions must be maintained in many cases, and the idea of selling off the family silver (or gold in this case) might not be easy to contemplate. However, as noted, Asian gold is distinctive which can make it a target for theft. By comparison, modern gold bullion bars can come in all shapes and sizes, are concealable and come with easily distinguished hallmarks. Not only that, but they are highly likely to have a higher purity than some traditional examples of Asian gold.

If you wish to keep some form of golden token in the family, you can sell more traditional items and swap them for bullion bars. This can help throw gold thieves off the scent, and help keep that tradition of having gold in the family alive for many generations to come.

Gold prices remain high in 2022, and if you wish to sell scrap gold today, or simply wish to sell and exchange items for bullion bars, Scrap Gold UK is in a position to help you. Get in touch with us to help start 2022 on the right foot when it comes to your gold investments today.

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Gold Offers Reasons For Cheer This Christmas

Published Friday 17th December 2021

gold bars

As news of the new COVID-19 variant Omicron dominates the headlines this Christmas, you may be looking for reasons to be cheerful. With high inflation eating into incomes to go alongside it, it might feel like all is lost. However, high gold prices could be waiting in the wings to bring light to all the gloom.

Gold shines bright this Christmas

One of the reasons for gold providing some cheer this Christmas is down to its tendency to rise in value during times of economic stress. The pandemic has delivered this in spades, with gold prices having risen 20 per cent since Christmas 2019, when COVID-19 first started appearing in the headlines. Prices peaked in 2020 and have remained close to those all-time highs throughout 2021, offering plenty of opportunities for anyone with a bit of gold to benefit from making a sale.

Over the last six years, gold prices have doubled, reflecting the uniquely attractive position it is to be in possession of even the smallest piece of gold this Christmas. Scrap Gold UK has seen how attractive the gold markets have become, and there is great demand for fresh supplies of gold, with buyers willing to pay a higher price than in previous decades just to get a piece of the action.

At Scrap Gold UK, we offer fairer prices for scrap gold sold to us, as we have fewer overheads than other comparable buyers on the market. That means, for example, according to our Gold Scrap Calculator, that a single gram of 9-carat gold could fetch as much as £15.56.

Selling before Christmas 2021

Scrap Gold UK has been operating in the gold markets for long enough to know how to facilitate sales of gold in an efficient manner, offering a fair price. If you wish to ensure a sale by year’s end with Scrap Gold UK, we strongly advise getting in touch before the third week of December, as demand for selling often increases just before we close our doors over the festive holidays, and time could be of the essence.

It all starts with filling out our simple Seller Form. All you need to give is the necessary information to ensure a secure transaction, and we suggest you use the Royal Mail’s home collection service for your item. This avoids standing in a long queue at the Post Office, so you need not set foot outside your front door to make a sale.

If you have any queries about selling gold this Christmas, Scrap Gold UK is happy to receive your call. Get in touch with us today, to learn just why selling gold could give you reasons for cheer this festive season.

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Christmas 2021 Operating Hours

Published Friday 17th December 2021

gold bars

Our website will remain available throughout the festive period but our offices will close from 3.30pm on Thursday 23rd December 2021 until 10am on Tuesday 4th January 2022.

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 Saturday 18th December.

Parcels that we do not receive by 1pm on the 23rd 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 2022.

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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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