Goldman Scraps
Sell Gold Bullion Coins & Bars for Cash at the Best UK Prices
Looking to sell gold bullion coins and bars in the UK? We offer a secure and easy way to sell your gold for cash at competitive prices. We pay the best prices and our service is designed for sellers who want to receive quick payment through a trusted process to get the best value for their gold.
How to Sell Gold Coins and Bars to Goldman Scraps
The process for selling your gold bullion to us is simple, trustworthy and fast:
Steps to Sell Gold Bullion to Us
To sell gold bullion like coins and bars, the process typically involves a few simple, but key steps::
- First, get quotes from multiple gold buyers to compare offers. Yes, we recommend this even though we want your business. We are confident you’ll find we offer UK-high pricing for your bullion.
- Before you sell your gold bullion, gather all the items you wish to sell.
- Weigh them if you have small scales.
- Check gold prices to give you a basic understanding of what to expect.
- Contact us via telephone, Whatsapp or email. We’ll run you through how we came to our valuation for transparency.
- We’ll offer a no-obligation competitive rate to buy your gold.
- If you accept, you can either send your gold to us via insured Royal Mail or other reputable courier. Alternatively, we can set up a time where you can visit our store.
- As soon as we receive delivery your gold, we’ll check to confirm agreed quantity and weight. You get paid with cash in person or bank transfer if you mail the items.
Types of Gold We Buy
We buy all types of gold, including:
- Gold coins
- Gold bars
- Gold jewellery
- Scrap gold
Finding the Right Buyer or Shop for Your Bullion
When selling gold bullion, it’s most important to find a buyer that offers the following:
- a fair and competitive rate.
- a secure and insured service.
- look for buyers like Goldman Scraps who offer online convenience and a London shop, with a reputation for transparency and prompt payment, giving you confidence in your transaction.
You can see our reviews and happy customer testimonials on Google reviews.
Determining the Price of Your Gold
The price of your gold is determined based on live gold spot prices and the weight and purity of the metal.
Buyers will usually offer a price based on these factors, minus any fees or commissions. At GS, we don’t charge any of these fees.
Understanding Gold Bullion
Here’s our quick guide that explains bullion and the types they are available in:
What is Gold Bullion?
Gold bullion refers to high-purity gold that is valued by its weight and fineness rather than its collectible value. This includes gold bullion coins and gold bullion bars. The price of gold bullion is closely linked to the spot price of gold in the market.
Types of Gold Bullion: Coins and Bars
Gold bullion comes in two primary forms. These forms include:
- Gold bullion coins, such as gold sovereigns and gold britannias from the Royal Mint, are often pre-owned and a range of coins are available.
- Bullion bars made from gold or silver (like Metalor, for example) are also a type of bullion.
Selling Scrap Gold For Cash Explained
Scrap gold refers to any gold items that are no longer wanted, but retain value based on their precious metal content.
This scrap gold can include:
- broken jewellery
- damaged gold coins
- any gold items that can be melted down for their raw gold content
Many people choose to sell scrap gold for cash but here are some tips and best practices before you do:
How to Evaluate Scrap Gold Value
To evaluate scrap gold value, you should get an idea of the purity and weight of the gold.
Purity is measured in karats, and the higher the karat, the more valuable the gold.
Weighing your scrap gold accurately and then checking the current gold spot price will help you estimate its value.
Alternatively, contact us for an expert and fair valuation. We always explain our process and how we came to the valuation for full transparency
Best Practices for Selling Scrap Gold
When selling scrap gold, it’s important to find a reputable buyer who offers competitive rates.
- Get quotes from multiple buyers, (yes, we recommend this as we’re confident we can beat or at least match any gold buyer in the country)
- Understand any fees involved, and ensure the buyer is transparent about their evaluation process.
- Make sure you receive a fair offer. Selling your scrap gold through a trusted buyer like Goldman Scraps ensures this.
Buying Gold and Silver
Where to Buy Gold Bars, Silver Coins, Silver Bars and Other Types of Bullion
When looking to buy gold and silver coins in the UK, consider purchasing from reputable dealers, online marketplaces, or established bullion dealers like Goldman Scraps. We buy and sell bullion.
Whoever you purchase from, make sure the seller is trustworthy and offers secure transactions.
Goldman Scraps and The Royal Mint are great sources for gold sovereigns and britannia. We also sell Krugerrand here at GS when available in our shop.
Understanding the Market for Gold Bars
Understanding the gold bars market involves knowing the spot price of gold and monitoring market trends.
Prices are influenced by many factors including:
- economic stability
- global events
- industry supply and demand
Purchasing gold bullion bars, for example, Metalor bars, can be a solid investment.
Tips for Investing in Precious Metals
Investing in precious metals like gold and silver can be a solid investment for your portfolio. Here are some basic tips for doing it well:
- Diversify your portfolio: don’t put all of your eggs in one basket. Investments can go up or down.
- Monitor market trends: this can help you buy at the right time and maximise your ROI
- Consider the long-term potential of your investment: precious metals aren’t usually suited for making a quick profit
Buying gold bullion coins and gold bullion bars is a popular strategy for any investors portfolio.
Tracking Gold Prices in the UK
It’s simple to keep track of the global spot price of gold online:
How to Monitor Gold Prices
To effectively monitor gold prices in the UK, use our website which shows live updates of gold prices daily.
Keeping on top of the spot price during trading hours may help you make timely decisions when you want to sell gold or buy gold.
Impact of Market Trends on Gold Value
Market trends significantly impact the value of gold. Here are some factors that can affect the spot price of gold:
- Economic factors
- geopolitical events
- currency fluctuations
- supply and demand
can all influence the gold spot price. These trends can provide important signals when you buy gold or sell gold.
The Value of Precious Metals in Today’s Market
Similar to gold, the value of other precious metals like silver and platinum are prone to market fluctuations. Similar factors can influence the value of gold, including:
- Economic stability
- Inflation rates
- Demand
Always check the market before selling.