Farewell to Golden Heirlooms As Price Remains High

Summary: The stellar performance of gold prices in 2019 has prompted families with large holdings of gold in the form of heirlooms to sell scrap gold. If you’re from a family with a deep-seated connection to gold, this year’s price rally will have come as something of a golden ticket for you. It’s quite common for the average family to have some gold items, passed down from generation to generation. Now might be the perfect time to realise the true value of these prized possessions, if you wish to sell scrap gold.

Having a treasure trove of golden family heirlooms comes at a price, however. This summer, police went public with a warning to members of the South Asian community with particularly large holdings of gold, as they had noted a rise in the number of thefts of gold among families of South Asian descent particularly.

A BBC investigation went even further, suggesting that the Metropolitan Police had recorded 3,300 incidents of gold theft since 2013 in particular communities. Families of South Asian descent are particularly vulnerable to gold thefts, as the wedding season proves to be a popular time to buy gold to ensure good fortune.

Heirlooms as scrap

It’s no surprise that there is an increasing amount of attention surrounding golden family heirlooms. The price of gold hit an all-time high earlier this summer, at over £1,277 per troy ounce, before settling at £1,157 as of late October.

Cash For Your Gold’s very own Live Precious Metals chart is the perfect way of tracking the price of gold, especially if you wish to sell scrap gold today. Updated every five seconds, with data provided directly from the markets, you can check to see when prices are high, in the event that you wish to make a sale of scrap gold with us.

Will my Scrap Sell?

If you’ve never sold scrap gold items before, don’t worry – Cash For Your Gold are experts in the field. Do you have a bit of rose gold or white gold, and wonder what it’s worth? Get in touch, and we’ll be happy to help give you a valuation.

If you wish to sell scrap gold but want to get a rough valuation before sending anything over, check the Value My Scrap calculator on the sidebar of every page on our website. All you need to know, in order to get an accurate and instantaneous valuation for your scrap gold, is a rough idea of the weight, as well as an idea about its carat or purity.

Our Value My Scrap sidebar calculator values gold items that are 9-carat or more.

Check out our testimonials page, to see how many people we have helped with scrap gold sales in the past.

If you have any queries about wishing to sell scrap gold with us, don’t hesitate to get in touch. You’re welcome to book an appointment to visit us at our offices in Wolverhampton. Alternatively, feel free to write to us, drop us an email or simply give us a call, using the details below – we look forward to helping you.

Tel: 01902 623 253 (local rate)