7 Tips For Selling Your Gold

As gold continues rising in value, more and more websites are popping up offering to buy your gold. If you have some gold you want to sell, you may be wondering where you should sell, who provides the best value, and how to know which buyers to trust.

Deciding where to sell and how to get the most value can be difficult, so we have put together this article to give you the best advice.

1. Is Now a Good Time to Sell Gold?

This is as much a personal question as it is an economic question. If you wish to sell your gold in order to purchase something, to go on a holiday, or even just to get some cash to keep your monthly finances buoyant, then that will outweigh any economic outlook.

However, the current economic situation is very good for gold. See the chart below:

As you can see in the chart, since January 2020, gold has rapidly risen in price, hitting all-time annual highs. So there has never been a better time to sell gold.

2. How Much is My Gold Worth?

If you would like to sell your gold, we recommend getting multiple valuations. The jeweller on the high street may be one of the best known chains, but they may not offer you the best price for your gold.

Which.co.uk found that high street cash-for-gold shops compared poorly to jewellers and pawnbrokers. While online gold buying services are found to provide the best value.

Selling in a shop is no faster than buying online. Cash For Your Gold can post you a cheque within 24 hours and can deposit money into your account within 2 hours.

3. Where Should I Sell My Gold Online?

There are many places where you can sell your gold online with new websites appearing all the time. What is important is that you find a place that is reputable and reliable.

Some websites try to force people to sign up before offering a quote. We make it easy for you to see how much your gold is worth thanks to our gold calculator on the left side of the page. You can also compare our rates with those of other gold buyers, giving you the information you need to choose the best place to sell.

It is important to scrutinise the price offered by gold buyers because many add in commission fees or administration fees, meaning you do not receive the full amount offered. At Cash For Your Gold, the price we offer is the amount you get.

4. Who Is Trustworthy?

The best way to find out whether a gold buyer is reputable is to check for reviews. You can search Google to find out what experiences other people have had, and you can search sites such as Trustpilot. We are rated as excellent on Trustpilot, find out more here

5. Word of Mouth

We find that a lot of our customers do our marketing for us by word of mouth. It’s usually a recommendation given to friends or family about our quality service and quick turnarounds.

Word of mouth is important for businesses because people value the opinion of their friends and family more than website reviews. They can often tell us more, too, because we can learn about the whole experience from start to finish.

This is why we recommend asking around and finding out if any of your friends or family have bought or sold gold. If so, ask them about their experience. How easy was it? How long did it take? Would they recommend them?

6. How is the Value of My Gold Decided?

The value of your gold is based on two things: the purity and the weight of the gold. In jewellery, the purity of gold is measured in carats (ct), which range from 9–24 ct. The higher the carats the higher the purity.

The market price of gold, like all commodities, fluctuates constantly. Depending on how much you wish to sell, these fluctuations could significantly reduce or increase the amount of cash you receive. We lock-in the market rate for your gold as soon as your item is received — simple and fair.

7. Where Can I Get the Best Price for My Gold?

At Cash For Your Gold, we offer the best rates online. Our prices are transparent: just enter your gold’s weight and purity, and you will instantly get a quote. 

We are consistently rated 5 stars on Trustpilot for our high quality and efficient service.

Everything can be confirmed and paid within 24 hours of posting your items. This means the cash for your gold can be in your pocket by this time tomorrow.

Find out more here

Only Sell When You Are Happy

Selling gold can be a complicated business — we should know, we do this for a living! But like anything in life, we should only make a decision when we feel comfortable and confident in what we are doing.

The information presented in this article is to make you a more informed seller by improving your knowledge about gold jewellery, gold dealers and gold prices.

Armed with a greater understanding of gold, you are now able to make a more informed choice about where you want to sell, ensuring you get the best value possible for your gold.

Operational Update

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 Cash For Your Gold

High Precious Metal Prices Underline Need for Transparency

Gold prices are hitting record highs this year, and silver has enjoyed a spike of its own in 2020. This precious metals rush has attracted a lot of hot money into the markets, making a sale of scrap gold or silver very lucrative. But high prices come with the need for greater transparency from buyers. 

An increasing number of less scrupulous buyers have emerged during the current bull market, so it’s important to know how to spot them, and how to find a buyer you can truly trust. 

We make sure the price is right 

One of the things we do at Cash for Your Gold to prove our services are transparent is help customers make a sale by providing up-to-date prices of gold and silver to inform of what they could make before going head with a sale. In addition, we provide a clear breakdown of market prices offered by other vendors, so you can see how attractive our prices are relative to others. 

More unscrupulous or even fraudulent buyers might refrain from publishing clear rates to customers in this way, keeping prices close their chest. This short-changes the seller, and denies them the chance to see whether they’ve actually found the best offer for their items.  

It matters, because gold prices have doubled in the last five years, rising above £1,500 per troy ounce. The amount you could make has, in turn, risen sharply. That means you could expect to sell a gram of 9-carat gold for as much as £16.87 with us. If you have the intention of freeing up some much-needed cash with a speedy transfer, it matters to have prices right at your fingertips. 

Our gold price calculator can give you a near-instant price reading at any given time. All you need to input into it is the weight and the carat – or purity of your item. This is often indicated by an alphanumeric marking or code on the item itself. 

Prices continue to stay high 

The current climate could make for a perfect time to sell any old jewellery or other gold and silver items lying around in your home. Precious metals prices remain elevated for the time being, meaning you could make more cash by selling today than ever before. 

How do we offer such attractive prices for your scrap, you may ask? Cash for Your Gold handles transactions digitally, giving us lower overheads than most buyers. We’ve had over 20 years’ experience in the sector, so we know how to handle sales of precious metals with care. 

If you wish to make a sale today or simply wish to seek advice from experts in precious metals, don’t hesitate to get in touch with Cash for Your Gold today. Our staff are friendly and happy to help with all enquiries you may have. 

Not all buyers will be open and up-front about where they are operating out of, or where your gold is going. That makes prospective sellers uneasy. Here at Cash for Your Gold, we operate out of our offices in Wolverhampton, as listed on our Contact Us page. 

Due to the ongoing restrictions in place due to the pandemic, we encourage you to call us on 01902 623 253 or fill in this online contact form today. When full services can resume and restrictions are lifted, we welcome people to visit our offices after booking an appointment. In the meantime, we will do everything in our power to make sure you get exactly what you deserve for your gold or silver. 

2020 Offers a Unique Window of Opportunity for Scrap Gold Sellers

It would be an understatement to say 2020 has been a good year for gold. Prices in pound sterling terms hit an all-time high of £1,500 in the summer, having more than doubled in just five years. We’re in something of a new gold rush, and this chimes with news coming out of Australia, where two lucky men made the discovery of a lifetime.

In the heart of central Victoria, Australia, two men discovered a pair of gold nuggets no larger than the typical smartphone. Weighing a total of 3.5kg, the two nuggets have been valued at an estimated A$350,000, or enough to make a sizable fortune for each.

Let’s explore why 2020 could be a new gold rush, and why it might be an opportune time to sell scrap gold.

Support for higher prices for now

With many countries still enforcing restrictions due to the varying ways COVID-19 has spread, many investors are in a firm risk-off attitude. In addition, policy makers have employed an enormous volume of fiscal and monetary stimulus to stop the global economy sliding into a deep recession. All this money has to go somewhere eventually, and in the past, this kind of approach has boosted precious metal prices.

This places gold at a significant advantage over other assets, and supports the prospect for great gains to be made, if you have scrap gold you wish to sell in the coming months. At Cash for Your Gold, we’ve been tracking live spot gold prices daily, and our latest estimates for September 2020 mean that just one ounce of gold with a purity of 9-carat could pocket you over £525.

It doesn’t take a lot of imagination to wonder how much you could make if you have an item that weighs more with an even higher purity. The longer that the risk-off market psychology remains in place, the more likely it is that high prices for gold can be maintained. This offers you a COVID-19 dividend to take advantage of, while this premium remains.

Why sell with Cash for Your Gold

Cash for Your Gold is the buyer to turn to, if you have scrap gold you wish to sell in 2020. Prices are high, so there are great gains to be had. We are gold specialists, having facilitated thousands of sales over the years, so funds can be released swiftly, as you would expect. 

To complete a sale, you simply need to fill in a form secured with an SSL certificate, which ensures that sensitive transaction information is kept private and only seen by those who need to see it. Sell gold with Cash for Your Gold today, and make the most of the great 2020 gold rush.

Despite lockdown, we have continued helping customers make secure sales of gold online. If you would like to get in touch you can call us on 01902 623 253, or simply contact us here.

Gold Prices Near Record Highs as the UK Plunges into Its Deepest Recession

As the UK enters what could prove its worst recession in history, gold prices are near record highs. 

The UK entered recession in early August and as the economy began a freefall, after two consecutive quarters of downturn, gold prices started to shoot for the moon. Gold prices topped $2,000 for the first time on August 4th. In sterling, the price peaked on the 7th August at £1,572 and gold is on what looks like a long-term price surge.

This might seem counterintuitive to many, but for those in the know in the gold community, it was to be expected and planned for with increased levels of investment in the world’s most popular precious metal. This is because the price of gold often holds, or even rises, during times of crisis or economic downturn.

Will gold prices continue to rise?

Gold prices have been on an upward trend for a long time. Prices have almost doubled over the last decade, and prices have risen by an incredible 30 per cent just this year, and there’s time yet for prices to continue to skyrocket, in light of the recession.

Why do gold prices hold their value during times of crisis?

Gold is considered a safe haven investment during times of crisis. It is less volatile than other forms of investment like stocks, which can go up and down dramatically. Gold holds its value and is considered a hedge against inflation when currency loses its value. In times of inflation when the costs of goods and services rise, central banks start printing money, causing currency to lose value, however, gold is unaffected by this movement.

Sell scrap gold online

If you happen to have any scrap gold at home, perhaps a family heirloom or a piece of unworn jewellery, you might be surprised how much you can earn from selling gold.

At Cash For Your Gold we help sellers sell with confidence. We are one of the UK’s largest scrap gold buyers and have paid out more than £60 million.

Currently, we’re offering £16.75 for one gram of 9 carat gold. This is a superb price for your scrap gold. See our market rate comparison in the sidebar to see how we compare to other buyers in the market.

How it works – 3 steps

1. Weigh and value your precious metal at home

2. Post us your metal – 100 per cent secure postage

3. Get paid in just 24hrs!

Selling to Cash For Your Gold means you’ll receive payment by the end of the same working day we receive your scrap gold.

Selling gold with Cash For Your Gold

To find out more about capitalising on your scrap gold, send us a quick message, or call our team on 01902 623 253 today.

If you’d prefer an in-person meeting please book an appointment. Our offices in Wolverhampton reopened on August 17th, and we’d be happy to see you.

Call us on 01902 623 253 to book an appointment.

Time To Re-Group

When Covid – 19 hit in March we made the decision to keep working for as long as possible and furloughed non-essential staff where we could. Our staff members have been amazing during this crisis. Despite the imposition of lock-down, social distancing and hygiene requirements they have soldiered on and handled unprecedented demand from our customers. 

We have now arrived at the point where, frankly, our team need to take a break. 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 think that August would be the best time to take this break. 

As a result, our offices will be closed from 3pm Friday 7th August 2020 and will re-open at 9am on Monday 17th August 2020. 

During this period our offices will be unable to accept deliveries and any parcels addressed to us will remain in the postal system until our return to work. 

PLEASE DO NOT SEND PARCELS TO US FOR DELIVERY DURING OUR OFFICE CLOSURE. 

We would encourage all of our customers to make any planned sales during the next week to avoid delays in processing. 

Whilst we appreciate that these arrangements may cause some inconvenience, for which we apologise, 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. 

A huge ‘Thank You’ to all of our customers, old and new, for your loyalty, patience and continued support during these unprecedented times and for the many emails and even letters of appreciation that we have received. 

Stay safe and well, it is by no means over yet! 

The Team at Cash For Your Gold

Silver is on the Move… Is Now the Right Time to Sell Silver?

Out of all the precious metals, gold often steals the headlines due to its high demand and value. However, in July 2020 there has been a surge in the demand for silver, pushing the metal’s price to its highest level in recent times. So is now the right time for you to sell silver?

Why is there a rise in demand for silver? 

As reported by the Wall Street Journal, silver prices have soared 66 per cent since their lowest point in March 2020, priced at $19.50 a troy ounce in New York. Experts believe that the silver market will explode at any minute. So, what has caused this rise in demand? 

There are various factors that have contributed to this rise in the silver price. A historically high number of physical silver purchases made through exchange-traded funds (ETFs) have been recorded throughout the last few months. Not only is silver generally seen as a good investment, particularly during an economic downturn, it is also very much in demand as an industrial metal and acts as a vital component in the creation of batteries, thermal and electrical conductors and technology devices. 

Following the relaxation of lockdown restrictions, the industrial sector has been able to reopen factories and begin the return to pre-lockdown production levels. It is therefore unsurprising to see the increase in demand in conjunction with the economic downturn and the recent increase in industrial production levels. 

A golden opportunity? More like a “silver” opportunity

There is no telling how long this increase in demand will last, so capitalising on this seemingly unique opportunity shouldn’t be missed. 

Whilst a collection of old gold watches or jewellery could be sold at a sufficient price (depending on the carat and weight), it is important to note which silver items are most valuable and worth selling. Most pieces of silver jewellery are typically plated, meaning that they would need to be melted down and refined before they could be repurposed as a silver coin, bar or other pieces of jewellery. This added labour has an impact on the resale value, causing it to be substantially lower than solid silver items.

Even those that aren’t plated are in such small volumes that they will not often secure you a worthwhile value when it comes to selling. 

However, if you’re in possession of larger silver items, such as silver bars and silver coins, selling your silver does pose an opportunity worthy of being explored. 

These larger items can secure you a decent resale price in line with the market silver price. 

Selling silver with Cash For Your Gold

Don’t overlook scrap gold companies like us if you are looking to switch up your portfolio and explore new opportunities by selling silver. 

With over 25 years’ combined experience in the precious metals industry, Cash For Your Gold offers competitive market rates for silver, gold and other precious metals. Our Silver Scrap Calculator can give you a valuation in minutes; all you need is the weight and purity to determine a price.

For more information about capitalising on your scrap silver, drop us a message or give the Cash For Your Gold team a call on 01902 623 253 today.

Decluttering… Is there Gold Hidden in Your House?

With people working and staying at home more than ever during this current climate, now is the perfect time to get started on those household chores you would normally avoid, usually entwined with the attitude of “we don’t have enough time to do that this weekend!”

“One man’s trash is another man’s treasure”

As we begin to approach the heat of the UK’s summer months, that doesn’t mean it is too late to get up into the attic and spare bedrooms to finally start that well overdue spring clean. 

Decluttering has been proven to have multiple benefits for our mental health, something that is vital during these more taxing times, and can even lead to you finding some forgotten treasures. What may initially seem to be old junk could actually be more valuable than you think to the right person!  You may even be sitting on a small fortune without even knowing it.

Remember, it’s not always obvious that an item may contain gold. Old, broken pieces of jewellery and watches are the more obvious finds. 

Even metal dental fillings and fake teeth can be traded in for some extra cash (we do not recommend attempting any DIY dental extractions at home, however!). 

If you are hesitant about a certain item or would like further guidance on identifying valuable scrap gold, it is always worth getting in touch with one of the Cash For Your Gold experts before sending it off to landfill, as you never know how valuable it could be.

The effect of COVID-19 on the gold market

Gold prices are currently at a six-year high. Forbes has reported that there has been a record-breaking surge in demand for gold during the COVID-19 pandemic. During the first quarter of 2020, investors are reported to have acquired $23 billion of exchange-traded funds that hold the metal. There are even predictions that the value of gold could go even higher, as historically, during times of crisis, people turn to gold as a safe hedge. 

Even as the lockdown measures relax across different areas of the UK, there is still time to sort through your household belongings. Not only will you benefit from decluttering your home, your scrap gold could potentially be worth a higher value than usual, all without you having to do any additional work. 

Selling with Cash For Your Gold

This begs the question, “what do I do with all of these items?”. Whilst you may not be an expert in valuing gold, this is where our specialist expertise comes into play. 

Firstly, you will need to check whether your discovered goods contain real gold, silver or other valuable metals as you will not be able to profit from your items if they do not contain any or are fake. A member of the Cash For Your Gold team will be able to assist you with any queries you may have about your items. 

Our Gold Scrap Calculator can give you a free valuation within minutes; all you need to know is the weight in grams and the fineness of the gold by carat. Cash For Your Gold offers competitive rates and the latest up-to-date information on the buying prices for different carats of gold, silver and other valuable metals to ensure you are getting the best value for your items.

For more information about recycling your scrap gold, drop us a message or give the Cash For Your Gold team a call on 01902 623 253 today – we have the most competitive rates for gold and other valuable metals, so what are you waiting for?

Cash For Your Gold are open for business!

We are buying scrap precious metals again as the processing section of our industry begins to recover after the recent shutdown.


Please send your items to us by Insured Royal Mail Special Delivery, this is the only delivery method that we recommend and is very reliable.


We are currently still unable to accept appointments at our offices due to Social Distancing requirements.


Pressures on the Royal Mail delivery system are such that parcels may take longer to arrive than usual but they are getting to us and can be insured up to a value of £2,500 each.


We are operating with reduced staff and aim to process your items and contact you with an offer within two working days of receiving your parcel.

Coronavirus Rally Makes 2020 the Ideal Time to Sell

Few could have predicted how 2020 would play out – a pandemic spreading to each corner of the globe, causing stock markets to fall with record speed. Fortunately for gold, this is the precise time for prices to be rising, so if you have the smallest bit of gold, it might be time to consider selling it.

Cash for Your Gold is well-positioned to facilitate such a sale – whether you wish to simply sell scrap gold or wish for an item to be recycled in some way, we’ll be happy to help, in this turbulent time.

COVID-19 continues to rattle markets

At the last estimate, there are over 25,150 cases of COVID-19 in the UK (as of 31st March), having effectively doubled in less than a week.

Assets such as stocks and shares can’t thrive in an atmosphere of economic uncertainty, as people stay indoors and avoid spending time outside the home. If you find yourself spending more time around the house, it might be time to re-examine any pieces of scrap gold lying around, as they could now be worth a great deal.

Cash for Your Gold has paid out over £30 million over the years, thanks to sales of scrap gold. Just one gram of 9-carat gold could yield a price of as much as £15 – imagine what an even larger item at a higher purity could yield.

Recycling your scrap gold

One of the issues with jewellery is that it is not free from VAT – investment gold, on the other hand, is VAT free. To realise the full value of a gold item, you may sell it to us, and we can explain how to reinvest the proceeds into a gold bar or coin through our sister site https://www.ukbullion.com/.

The choice is yours – if you wish to get a valuation on your gold items, you don’t even have to send them to us just yet. Our Gold Scrap Calculator can give you a free valuation from the comfort of your own home. All you need to know is the weight in grams as well as a rough idea of the item’s carat or purity.

Cash for Your Gold invites you to get in touch, if you wish to realise the value of any scrap gold items you find around the house. There’s never been a better time to do so, as prices remain close to record highs, especially as COVID-19 continues to cause investors to pull away from the stock market and into safe havens such as gold.

Call us on 01902 623 253 if you would like to make an enquiry about a possible sale soon.