When Queen Elizabeth II’s historic 70-reign came to an end in early September, she became Britain’s longest serving monarch. Her Platinum Jubilee was also celebrated in June 2022 making this year one of huge historical significance.
Following royal tradition, the image of the newly crowned King Charles III will replace Her Majesty on British coins and notes. Her portrait currently adorns all British currency including 29 billion coins and 4.7 billion banknotes. Her image appears on currency around the globe too having served as the sovereign leader of 15 nations and formerly the head of the Commonwealth, which includes more than 50 others.
It will likely take many years to update notes and coins featuring the visage of Queen Elizabeth II worldwide. Because of this, the Royal Mint and Bank of England have announced that currency with Queen Elizabeth II’s image will remain legal tender for some years to come – as have other national banks and mints in Commonwealth countries.
Whilst we do not buy general circulation coins, we are keen to purchase silver and gold commemorative and bullion coins and coin sets.
Keep reading this article to learn why it could be a good time to sell scrap gold today.
How will changing currency affect gold sellers?
King Charles III will now replace Her Majesty as the monarch on currency as well as investment gold and silver coins. Throughout the long reign of Queen Elizabeth II many investment coins were minted, investors and collectors will now be keen to purchase these historic coins featuring the Queen’s profile. This means it could be a good time to sell scrap gold while demand for gold is high.
It remains to be seen how big the spike in demand will be, however a strong indication is the price of gold, which has already risen in the wake of Her Majesty’s passing. Gold was priced at £47.81 per gram on September 8th – compared to at the time of writing, October 06th, when one gram of gold is worth £49.15.
You might be surprised to learn that you have scrap gold at home. From a necklace with a broken clasp to an old watch with unmoving hands, scrap gold can be almost any object made from the yellow metal. So, hunt high and low at home to ensure you don’t miss out on today’s high price and demand for gold.
If you do have any scrap gold, you could really benefit from gold’s current high prices and counter the bleak outcome for the UK economy.
Sell your gold in three simple steps
We buy a wide range of items including, jewellery, coins, gold bullion, watches, and dental gold.
Easy as 1,2,3…
1. Get your price – using our scrap gold calculator – all you need to know is its weight and purity.
2. Securely post – simply complete and enclose a seller’s form in a Royal Mail Special Delivery tamper-proof envelope.
3. Payment with 24 hours – if you choose a bank transfer you will receive payment within 24 hours of receipt of your items.
Royal Mail strikes – next set for 13th, 20th and 25th October
To benefit from your parcel being prioritised during industrial action, we recommend using Royal Mail’s Special Delivery Guaranteed service. You’ll get extra peace of mind from end-to-end tracking and signature on delivery. Breathe a sigh of relief, your gold is in safe hands.
If you’re satisfied with your price, complete our simple seller’s form when you’re ready to sell. The dedicated team at Cash For Your Gold can answer any questions you might have about selling your gold. Simply give our team a call on 01902 623 253 or contact us today. We also offer face-to-face appointments in our office in Wolverhampton.