When you want to sell Gold to a Gold Buyer you need to follow the 4 steps here ie
IDENTIFY - WEIGH - CALCULATE - SELL
1/ Identify each carat of gold you may have and wish to sell ,
2/ Weigh each carat of gold
3/ Calculate the price we would pay for each carat using our gold price calculator eg total value of your 9 carat gold and get a total and Finally
4/ Sell your gold to us We will buy any type of gold. Remember the price for gold our calculator shows is the price you will get providing your weights and carats are correct. Remember also weight can be deducted for stones, springs, and non-silver metals etc Either send your gold to us or call in.
Step 1 Identify Gold Carat - Use The Hallmark Chart
Most UK gold sold is mainly
9 carat (9ct) represent by the numbers 375 ie 37.5% Pure Gold
14 carat (14ct) represented by the numbers 585 ie 58.5% pure Gold
18 carat (18ct) represented by the numbers 750 ie 75% pure Gold
22 carat (22ct) represented by the numbers 750 ie 75% pure Gold . Sovereigns and half-sovereigns are also 22 carat
24 carat (24ct) represented by the numbers 750 ie 75% pure Gold
Split the gold that you wish to sell into seperate piles .
Step 2 Weigh Each Pile of Gold Separately
Weigh each separate pile of gold that you want to sell (ie the gold that you have split into its various carats) and record the weights in grams. If you only have kitchen scales, your weights will be approximate. if you can only weigh in ounces then remember that cooking scales will calculate an ounce as a cooking ounce (28 grams) whereas as Jewellers scales calculate an ounce as a Troy ounce ie 31.1 Grams .
Non Gold /Silver metal/stones etc
NB we do not pay gold or silver price for springs, wire, stones, and metal in your Gold or Silver . We will deduct a fair weight for all non-gold /silver metal in your items in-line with industry practice. remember there are springs in clasps, wuite wires in bangles as gold and silver is not flexible. Your gold and silver items might also have stones. we do offer good diamond prices for diamonds above 25 points.
NB if you have unhallmarked gold then call us on 0121 448 0488.
NB If you have Asian Gold which has not been properly hallmarked then call us on 0121 448 0488
Step 3 Calculate the Value of Your Gold
A lot of online gold and silver calculators today simply show the spot price( the fix) for the precious metals.Spot price is the FULL market price for gold and silver This is not the same as showing the price they actually pay for gold and silver. All gold and silver buyers pay a percentage of the price or they wouldn't make a profit and as a seller you should ask yourself why they prefer to show you the full market price or gold rather than the price they actually pay you Alarm bells should ring if their gold site shows you the spot price first with their calcultor hidden below. Our gold calculator shows the actual price we pay you and is up ton date.
Using our online gold calculator
First click on the white space right of the carat/purity section of the calculator (roughly in the middle where it shows 9 carat first) The drop-down box will show up
Select the carat you want to get the value for . In this case we have selected 18 carat.Then enter the weight of the eg 18 carat that you have weighed in the previous step. In this case we had 1 gram of 18 carat which is worth £22.07. (as at 10/10/17.) Prices could be up or down since then but remember the calculator rate changes daily. NB You don't have to press any more buttons, the price of 18 carat gold shows up in red as soon as you have entered the weight
NB NB If you have gold coins do NOT enter the weight. Just select the type of coin ie Sovereign, Half-sovereign or Krugerrrand and enter the number of them you wish to sell
Finally remember also weight can be deducted for stones, springs, and non-gold metals etc. Its a good idea to estimate weight loss at this stage if you can. If not we will agree with you a suitable amount via the phone call we will make to you.We can pay more if you have diamonds etc.
Step 4 Selling Gold & Silver to Us
Once you have established the price for your various gold carats you can either
Call in to sell your gold Visit our Gold & Silver Counter Page Here
Post Your Gold. To Post Gold and Silver To us Read our Postal Gold & Silver Page Here
Telephone Us on 0121 448 0488
Sell Gold & Silver - 8 Top Tips
Where is the best place to sell Gold and Silver. Who pays the best prices for Gold and Silver? These 8 top tips will guide you in making the right decision to get you the best price for your gold and silver jewellery and scrap
1/ Sell Gold Prices Should be Transparent. Never sell your Gold and Silver to any gold buyer either online or in person, that does not publish transparent gold and silver prices ie via a calculator or in written form
2/ Sell Gold & Silver Calculators. Check Gold calculators carefully. Read the small print. Avoid trying to sell your gold and silver to companies that publish "up to" prices or who ask you to phone for an accurate price. Ask yourself what are they hiding?. Also check that the price isn't just the market spot price ie it is a price that will actually pay. No company in the world pays spot price for gold, they pay a percentage of it , so if they show spot price ask yourself why they are not showing the actual price they are paying Our calculator shows the price we pay (less if applicable non-gold metal weight and stones weight of course see below). Avoid companies that hide their gold and silver prices.
3/ Avoid Gold Comparison Websites. Never use gold comparison websites, they are rigged as a search on google will reveal. we know of a few gold comparison websites that list some very poor paying companies and even the winner pays 40% less for gold and silver than we do. often these companies have made up names like postyourgold4cash, that sort of thing.
4/ Avoid Gold Packs & Other Freebies. Avoid companies that send out gold packs. Its a gimmick. You can pick up Special Delivery envolopes from the Post Office free of charge to post your gold and silver items and who do you think bears the cost of these gimmicks? You do, nothing is really free. the cost of these gold packs are taken off the price you receive for your gold and silver.
5/ Check Carat and Purity. Always check the carat and purity of your gold and silver and weigh them separately. . Group your items into the correct carat/purities before weighing each group That way you can use an "actual price" online gold calculator to get an accurate value of your gold and silver items, For more information on selling in this way see our sell gold guide or our sell silver guide
6/ Cut Out the Gold & Silver Buying Middleman. . Avoid selling your gold and silver to local jewellers, antique dealers and gold buyers. Think about it. Local jewellers, antique dealers and local gold buyers simply sell on their gold and silver to companies like the Birmingham Gold Company who buy from the Trade all over the UK. They have to make a profit. Cutting out the middleman can earn you up to £5 per gram for 9 carat gold. That could mean an extra £500 on a 100 gram gold chain. Also do not fall for the "I'll buy your gold and silver as an item instead of scrap" line. Most local jewellers antique dealers and gold buyers will want to pay less than scrap price for your gold and silver. That way if they can't make a profit selling them on they at least they can make a profit by selling to companies like the Birmingham Gold Company
7/ When You Sell Gold and Silver By Post Always know your weights and carat and use a safe courier. Special delivery is best But most importantly make sure that if you do not accept their offer ie because it is too low that they will return your items to you free of charge. That way they do not have you over a barrel. before sending off your items make sure you have split them into the right carats/purities and keep a not detailing these and of course the weights for each group. Do expect deductipons for non precious metals in your gold and silver jewellery and scrap ie clasps, stones etc but this loss should be small
8/ When You Sell Gold and Silver In Person. If they take your items and weigh them in a back room instead of in front of you, alarm bells shoiuld be ringing. Make sure you are organised ie that your gold and silver items are split into carats/purities and that you know the weights. Do expect deductipons for non precious metals in your gold and silver jewellery and scrap ie clasps, stones etc but this loss should be small. Always ask for any gold or silver test to be explained to you.