Sell Your Gold Coins
Get the UK's Best Rates When Selling Your Gold Coins to us
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Get the Best Price For Your Gold Bars
Sell Your Bullion
We Offer Competitive Rates For Your Bullion
Goldman Scraps
Sell Gold Krugerrands: We Buy Gold Krugerrand Coins at the Best UK Prices
Whether you would like to sell your gold Krugerrands in the UK at the best rates or buy these iconic gold coins, Goldman Scraps is here to help. We offer a seamless and trustworthy service for both buying and selling Gold Krugerrands.
Whether you’re a seasoned investor or new to the world of gold bullion, we provide among the highest prices paid in the UK and provide expert guidance every step of the way.
How to Sell Your Gold Krugerrands to us
Selling your gold to us couldn’t be more straightforwards. Here is our simple, trustworthy process.
Step-by-Step Process to Get the Best Prices For Gold Krugerrands at Goldman Scraps
Our process for buying your krugerrands is straightforward and secure.
- First, request a free, no-obligation quote based on the current market price of gold and weight of your coins. (call, email or contact our team directly on Whatsapp)
- Once you’re happy with the quote, you can choose to send your gold krugerrands to us via insured post, or visit us in person.
- We’ll send you all relevant instructions and information for either postage or set an in-person appointment
- Once the transaction is completed, payment is made instantly.
Types of Gold We Buy
Choosing the Right Buyer
Selecting the right buyer for your precious gold coin is the most important factor for a smooth transaction. To make the best choice, consider several factors, including:
- A reputable dealer with a transparent pricing structure
- A long history in the bullion market
- Secure and insured shipping options
It’s also a good idea to check customer reviews before making a final decision. Our reviews are public and transparent, and are a great source of pride for our business:
Online vs. In-Person Sales
You can sell gold krugerrands both online and in person. Goldman Scraps offers both options for your convenience.
Online sales offer convenience and access to a wider range of buyers, while in-person sales provide immediate payment and the opportunity to discuss the value of your gold coin with an expert.
Locations for Buying and Selling Krugerrands
We offer both online and in-person buying and selling options:
Our Canary Wharf London Location
Visit Goldman Scraps Canary Wharf, London location for a personal service when buying or selling gold krugerrands. Our experienced team can provide expert advice, accurate valuations, and secure transactions. We offer the best prices paid for your bullion.
Local Dealers vs. Online Platforms
When buying or selling, consider both local dealers and online platforms. Local dealers offer personalized service and immediate transactions, while online platforms provide a wider selection and competitive prices in the gold coin market.
Market Price of Gold Krugerrands
There are many factors that may influence the market price of these popularly traded gold bullion coins including:
Factors Influencing Gold Prices
The market price of gold is influenced by a number of factors. These include:
- Economic uncertainty
- Inflation rates
- Geopolitical events
Furthermore, the strength of the US dollar and interest rates also play a significant role in determining the value of your gold coin.
Understanding Premiums and Discounts
The price of a Gold Krugerrand includes the spot price of gold plus a premium. This premium covers several costs:
- Minting
- Distribution
- Dealer markup
Be aware of premiums and discounts to ensure you are getting the best possible price. At Goldman Scraps, our pricing is completely transparent with no hidden fees.
Tracking Gold Prices Online
Staying informed about the current gold price is essential when buying or selling Krugerrands. We provide real-time gold price charts and market analysis. This allows you to estimate the current value.
Buying Gold Krugerrands
We also sell Krugerrands. Here’s everything you need to know if you’re thinking of investing:
Where to Buy Gold Coins in the UK
If you want to buy gold coins, particularly Krugerrands, the UK offers many options. From reputable online dealers to physical shops in London, Manchester, Leeds and Birmingham, you can find 1oz gold coins and other bullion products quite easily.
Always compare prices and check customer reviews before you commit to a buyer. We keep our reviews public and transparent as trust is our foundation.
Comparing Prices from Different Sellers
Before you buy gold krugerrands, it’s essential to compare prices from various sellers. Yes, even we recommend you shop around as gold buyers ourselves. We’re that confident we can beat any valuation you receive for your coins.
Look for dealers offering competitive rates on 1oz gold coins (or other weights and sizes).
Consider both online platforms and local coin shops to ensure you get the best prices paid for your gold investment.
Why Invest in Gold Coins, Gold Bars and Other Bullion?
Gold coins are often seen as a safe haven during economic uncertainty. The value of gold tends to hold steady or increase when other investments falter.
Gold also acts as a hedge against inflation and currency devaluation, making it a valuable precious metal asset.
Investment Strategies with Gold Coins
Investing in gold coins like Krugerrands can be a sound strategy. You can buy at lower prices and sell when the market is high.
Regularly purchasing small quantities can diversify your portfolio, with the aim to profit from the fluctuating price of gold or you can simply hold when the economy is stable for a steady long-term investment.
Understanding Gold Krugerrands
First time hearing about this South African coin with the springbok on its reverse? Here’s everything you need to know:
What are Krugerrands?
Krugerrands are gold bullion coins first minted in 1967 by the South African Mint and the coins were produced en mass from the 1970s. They are composed of 22 carat gold alloy (91.67% pure gold) and a small amount of copper (8.33%) to increase durability.
These coins are named after Paul Kruger, the South African Republic president at the time, and “rand”, the currency of South Africa.
There are also silver Krugerrands in circulation which consist of pure 999 silver and minted by the Rand Refinery.
History of the Gold Krugerrand
The Gold Krugerrand has a rich history. First minted in 1967 as a way to promote South African gold, they quickly gained international popularity, reaching millions of coins produced.
Despite facing sanctions in the 1970s and 1980s, the Krugerrand has long since become legal to own and sell in the UK and remains a trusted symbol of gold investment.
Benefits of Selling Gold Krugerrands
The benefits of selling your krugerrand are numerous but ultimately, it should be your educated decision. Here are some reasons people may decide to sell:
High Demand and Competitive Pricing
Selling gold krugerrands can be advantageous due to high market demand and competitive pricing. This bullion coin is highly sought after, ensuring competitive pricing from buyers.
This allows you to get the best prices paid for your gold investment when you decide to sell to Goldman Scraps.
Liquidity and Ease of Sale
One of the key benefits of selling krugerrands is their high liquidity. You can quickly sell your gold krugerrands for cash at numerous dealers and online platforms like Goldman Scraps.
This ease of sale makes Krugerrands a practical and accessible form of gold investment.
Trustworthy Transactions in the UK
The UK generally offers a secure environment for selling gold krugerrands, with many reputable dealers. Whether you choose to sell online or in person at locations like Hatton Garden or other London locations like our Canary Wharf store, you can expect transparent and trustworthy transactions, as long as you do your homework on the gold buyer.
This will make sure you receive a trusted service and fair payment for your gold.