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 .
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