Cash For Your Gold

What is Your Silver Coin Worth?

Silver coins are some of the most popular items for sellers to post off to Cash for Your Gold, but you need to know what you’re sitting on before considering selling silver coins. Not all of them were minted the same, and as you will discover, this can have a substantial impact on purity and overall value.

Pure history

If you want to know how far back silver coinage in the UK goes, you have to open history books and look to the Middle Ages. In those days, silver coins were often minted using the highest purity of the metal available, but this had its drawbacks. Pure silver is easily damaged and suffers from wear and tear, meaning mints had to start reducing purity gradually to make coins more durable in the long term. As a result, for much of English history, you would expect high-purity silver coins to consist of 92.5 per cent silver and the remainder would be made up in copper.

This gave such coins 925 purity status, highly respectable, yielding prices at the higher end of the range. For centuries, legal tender was struck in this way, with various kings and queens ruling with coins bearing their image, with this silvery coinage produced along the way. However, it was all change in 1920, when rising prices forced a fundamental rethink in how silver coinage was produced. From 1920, purity was reduced to 50 per cent silver, with manganese and lower traces of other metals, to keep coins strong but somewhat silver-based.

By 1947, silver was removed from virtually all coinage, severing a link to the country’s past. Modern coinage which has that silvery appearance might give you the feeling that silver has made a return, but don’t let it fool you: modern coins are typically nickel-plated steel. While the pre-1920 vintage of silver coins are as close to pure silver as you can hope to get, standard modern silvery coins in your pocket are best left as spare change rather than something worth selling.

Selling silver coins

As mentioned, purity of silver coinage dropped off from 925 to 500 between the pre-1920 era up until 1947. As with all precious metals, the higher the purity, the higher the price your items are expected to attract. If you wish to sell modern silver coinage, it’s likely to stem from specialist mints rather than modern legal tender. For example, a single gram of 925 purity silver would attract a price of 44p, whereas a gram of 500 purity silver drops the price down to 24p.

While gold coins are of higher value individually, silver coinage is best when sold in bulk. If you have a good idea about the coin’s purity, it’s possible to get a near-instant free valuation from Cash for Your Gold, using our scrap calculator, which can be found on our homepage. It pays to keep an eye on silver prices first, just to make sure the price is right to ensure maximum returns when you do decide to make that sale with us. Our Live Silver chart keeps you posted about the twists and turns in the silver market.

It can be tricky to assess the precise worth of coinage without an expert’s eye to take a look, which is why Cash for Your Gold is always happy to help. If you wish to make a sale or learn more about your coinage, give us a call on 01902 623 253.

Gold Coins Remain Popular in Bullion Markets

The age of using gold coins as a form of currency might sound like a story from an old book, but it was a lived reality only a few generations ago. Gold coins are a remarkably easy way of putting wealth into gold and while you rarely see them used for spending purposes, demand for them remains high on the open markets.

Sovereigns as top coins

Gold Sovereigns from the reign of Queen Victoria typically weigh 7.98 grams, and are divided into three distinctive chapters of her life: the Young Head portrait, which was in use until 1887; the Jubilee Head portrait commemorating her Golden Jubilee from 1887 onwards; and the Old Head or Veiled head, from 1893 until her death in 1901. The coins currently attract a price for their gold content in the region of £300..

One of the most popular coins to consider, if you wish to sell gold and you have any in your possession is Gold Sovereigns. Many of these have been minted over the last 150 years or more, most of which are likely to bear the portrait of Queen Victoria. Her reign, which lasted over 60 years, means there are a wealth of these coins offering a tangible record of this period in British History.

If you ever have a gold item and need a quick and easy way to get a valuation, Cash for Your Gold has a free-to-use Gold Scrap Calculator. This allows you to get a simple price for what your coin could be worth; all you need to calculate this is an idea about the coin’s purity and its weight.

Gold Britannias are another popular gold coin minted in the UK, depicting Britannia herself, holding a trident and shield. This iconic gold coin is often found in a variety of weights, from tenth of an ounce to full troy ounce coins, which can attract a price roughly close to the spot price of gold per troy ounce (£1,300 per troy ounce as of September 2021).

Other coins to consider

Gold Sovereigns and Britannias aren’t the only coins popular with gold coin enthusiasts which you can sell for a respectable price. South Africa has been minting coins known as Krugerrands since 1967, as a means for individuals to store their wealth privately in gold. These coins were notoriously hard to come by during the 1970s and 1980s, as this was at the height of the apartheid era, when countries actively blocked the import of such items from South Africa as a form of boycott.

As with Britannias, Krugerrands are often minted as single-troy-ounce coins, but buyers often happily look for the smaller-weight varieties of such gold coins, as they offer an easy jump-on point for entering the bullion market. No matter how big or small your gold coin may be, it is highly likely to attract a good selling price, but you just need to find the right people to sell to.

Cash for Your Gold is here to help facilitate such sales of gold coins. We have extensive knowledge of such items, offering valuations and consultations to help ascertain what your item could be worth.

If you have a gold coin you wish to sell but need this expert opinion, don’t hesitate to call us on 01902 623 253.

Platinum and Palladium Offer Extra Value

Nothing can quite beat the shine of gold or silver for understandable reasons, but with only so much of both metals to go around, it’s easy to see why it’s worth looking into the other precious metals. Platinum and palladium have shown increased interest from both buyers and sellers, so it pays to see what you might have in this regard, and see what items might be worth.

Alternatives to gold and silver

Platinum and palladium might not be so familiar to most, but they are still highly regarded precious metals, certainly on the precious metals market. Both metals have their uses in technology, as part of catalytic converters, electrode components as well as forms of jewellery.

Wedding bands are some of the most popular uses for palladium and platinum when used for jewellery. Otherwise, their use in catalytic converters uses up much of the world’s supplies, and this industrial usage goes some of the way towards explaining how the prices for these respective metals are impressively high. At Cash for Your Gold, we can offer up free, almost-instant valuations.

Using our platinum and palladium scrap calculators, you can get an estimate for the price you could get for a respective item. For example, one gram of 950-carat platinum could yield a value of £17.71, while palladium items weighing a single gram with a purity of .999 could garner a price of £45.42 at current rates.

Devil in the detail

To the naked eye, platinum and palladium scrap items might look identical, but we know better. For example, palladium wedding bands exude a silver-white shine but are actually subtly darker than platinum ones, and slightly more durable as well. Believe it or not, but while gold is rare in itself, palladium is even rarer, by 30 times.

Platinum is 15 times rarer than gold by comparison, suggesting that both these metals can be useful alternatives for scrapping if you’re looking for ways to sell jewellery for the right price. It might be easy to find an old ring and assume it’s white gold, but it could actually be either palladium or platinum, meaning it could be worth a whole lot more if you sell to Cash for Your Gold today.

We’re experts in facilitating sales of such precious metals, as it’s something we’ve been helping with for years. If you wish to make a sale today, make sure to fill in this easy-to-use Seller’s Form. Prices for palladium are especially attractive for selling in the current climate, as they remain twice as high as they were as recently as 2018.

If you are keen to make a sale at some future point, but need some more information about selling platinum or palladium, get in touch with Cash for Your Gold by calling 01902 623 253 today.

Recycling Makes the Yellow Metal Greener

How green is your gold? As with many metals, gold comes at a price beyond the one you pay to vendors. That price is also environmental, but the yellow metal can actually be produced in a greener way, so long as we keep recycling it more often.

Coming around again

According to the World Gold Council, 28 per cent of the world’s gold supply was sourced from recycling, equivalent to almost 1,300 tonnes in 2020. As overall production of gold fell by four per cent but recycled gold supplies grew by one per cent, the latter managed to increase its share of the overall gold supply last year, boosting the prominence of recycled gold overall.

The increase in recycled gold supplies came amidst gold prices being at all-time highs in 2020, meaning more gold changing hands which wasn’t straight out of the mines. Gold benefits from being an easily-recyclable precious metal and generations have perfected ways of melting it down and finding a better use for gold in the moment.

With only so much gold going around and mining having a detrimental impact on our environment, it only makes sense to make do with what we already have. One paper suggested that buying gold from a recycling facility operating to a high standard with reliable material origins would be considered 300 times better for the planet than sourcing gold through primary production alone.

Going for gold

The Tokyo Olympics this summer highlight just how gold can be recycled from right under our noses, with medals made from gold sourced from discarded smartphones. No matter what shape or size your scrap gold might come in, there’s always potential for it to be sold and recycled into something new and exciting for a future buyer down the road.

Gold is like a chameleon of the precious metals world, changing to match the requirements of any given environment. With early uses for coinage and jewellery, gold is also often found in the form of bars or coins. What new form could your scrap gold take when it’s sold and melted down this time?

If you sell with Cash for Your Gold, you could make £15.20 from just one gram of 9-carat gold, reflecting how gold is highly treasured at present, despite prices having peaked last summer. We’re specialists in facilitating gold sales, and as we operate digitally, our prices allow you to make the most of what gold you may possess.

Selling is easy: just fill in this simple form, and to save queuing at the Post Office to send it, why not request a collection from your doorstep? Search ‘Parcel Collect’ to access the Royal Mail home collection service. Tracking allows you to send your item to us discreetly and safely. If you wish to enquire further about selling gold today, call us on 01902 623 253.

Operational Update

Our offices will be closed from 3pm on Friday 30^th July until 9am on Monday 9th August, to give our hard-working team a break after another very hectic period.

We operate with a very small team and rather than rotating individuals onto annual leave and putting more pressure on the remaining staff members as a result, we have decided to close our offices for a full week so that everyone can get some much-needed rest and the opportunity to re-connect with family and friends as lockdown measures are now starting to ease.

We have timed the closure to minimize disruption as much as possible. Whilst we apologize for any inconvenience caused by the holiday closure, the wellbeing of our staff members and our ability to continue to provide outstanding service to our customers in the months ahead are of great importance to us. 

As our offices will be unoccupied, please do not send items to us for delivery during the closure. Mail will not be delivered to us during this period and will be held in Royal Mail or courier depots until our return.

Wishing all of our customers a peaceful and healthy summer.

The Team at Cash For Your Gold

11th December 2020

As the latest Covid Lock-Down in England adds to the restrictions that are already in force, to varying degrees, in all parts of the United Kingdom, we wish to re-assure our customers that we are still open for business.
We have very strict protocols in place to keep our members of staff safe in the workplace and business continues, albeit not as usual.

We are still receiving packages sent to us by insured Royal Mail Special Delivery and for higher value sales we are able to make Covid-secure arrangements to receive personally delivered consignments, strictly by appointment only and subject to compliance with our protocols. Please call for details if you wish to visit us to sell items.

For clients that are self-isolating or unwilling to visit a Post Office, the new Royal Mail Collect service may be of interest. It is now possible to have insured Special Delivery parcels collected from your home or workplace by Royal Mail for a small additional fee. Visit Royal Mail Parcel Collect Service for details. (Select large letter or small parcel, depending on the weight of your items and select Special Delivery service with an insurance level that covers the contents.) We strongly recommend that a tamper-proof Royal Mail Special Delivery pouch is used when sending precious metals through the post. These pouches are available free of charge from a Post Office. If you are unable to access a Post Office to collect a pouch we will be happy to post a selling kit out to you, just give us a call.

The recent news that a Covid vaccine could be available in the near future seems to have given the Nation a glimmer of hope that 2021 could see the lifting of many of the restrictions that we are currently enduring. We all hope to see improvements in the situation which will allow as social a Christmas period as possible.

In the meantime, please follow the rules that apply to your particular area and Stay Safe.

The Team at Cash For Your Gold

Secondary Gold Coin Market is Thriving in 2021

Cash for Your Gold has noticed a particularly impressive rise in demand for gold coins of late. In a world of lockdown restrictions, economic turbulence and sheer uncertainty pervading, it’s understandable that demand for one of the most precious safe havens has risen in the last year. Now, we believe it could be an opportune time to sell.

Mints struggle to keep up

Gold mints can only satisfy demand so long as supply can keep up. Gold coins come in all different forms: Sovereigns and Britannias if you’re more UK-oriented, whereas Krugerrands and American Eagles are more common overseas varieties. Whichever gold coin found its way into your possession, they are all incredibly valuable, especially after last year’s pandemic bounce.

Gold prices hit all-time highs in 2020. Supply has been constrained through restrictions imposed by the lockdowns, and suppliers such as the US Mint reported earlier this year that demand for gold coins spiked by 258 per cent in 2020. For prospective buyers, the main gold coin market simply no longer cuts it. However, if you have a gold coin you wish to sell, you’ll be pleased to know the secondary gold coin market is thriving, and buyers are eager to help facilitate a sale.

Cash for Your Gold has been helping do just that for many years, and our prices are attractive to sellers, as we are a largely digital-based business, meaning overheads are lower than would be the case with other gold buyers.

The price is right with us

Not only are prices attractive for selling right now, but we are, depending on the condition of the coin, in a position to offer 100 per cent of its spot price, if you wish to sell with us. That’s because demand for these coins is just so high, and your ability to help satiate demand for these much-sought-after coins will be greatly rewarded.

We offer a free-to-use Gold Scrap Calculator, if you wish to get a more quick-fire valuation in the safety of your own home. All you need to know is the coin’s purity and weight, and a valuation should be computed easily. For a more in-depth valuation, we can always arrange a video call if you wish, to allow us to see the item and make assessments as to its potential value.

Gold coins hold tremendous historical value, and are some of the most-prized items by collectors willing to offer substantial sums to acquire them. We can be in a position to facilitate sales, to help you realise the tremendous value of your coins at long last, unlocking a much-needed cash boost just in time for the summer. If you have a gold coin and wish to cash in on the great gold rush of gold coins, don’t hesitate to call us on 01902 623 253.

Post-Lockdown Era Looks Bright for Selling Gold

Understandably, money has been tight for many in the last year or so. Markets took a hit, and many of us have that bit less disposable income than we expected as a result of the pandemic and the lockdown that ensued.

However, gold could be a great tonic to boost your cashflow, if you time a sale for this summer. That’s because prices remain elevated, after a price boom over lockdown.

Selling at near-all-time highs

When it comes to selling gold, Cash for Your Gold can see a compelling argument to be made for doing so in the current climate. Having doubled in price between 2015 and 2020, gold prices remain steady but elevated this year, meaning you can expect to make more from selling any gold items in your home than at virtually any time in history.

According to our very own Gold Scrap Calculator, a single gram of nine-carat gold could yield as much as £15.24 if you sell with Cash for Your Gold Today. We accept items ranging from old chains, jewellery, rings coins and plenty of other gold items that many of us have hidden away in our cupboards. It’s no secret that you could be sitting on a literal fortune, depending on how much you find and if you choose to sell your gold today.

Subject to condition, we also have a special offer, paying up to 100 per cent of the gold rate on an array of gold bullion coins at present. Gold and silver coins are often passed down through the family from generation to generation, and can be some of the most valuable items suitable for selling in the current climate.

Secure sales today

Cash for Your Gold offers a secure and easy way to sell scrap gold at times like these. To get started, just fill in this Seller’s Form with all the necessary information. When it comes to sending the item by post, we strongly advise using the fully insured Special Delivery via Royal Mail’s collection service straight from your front door. This saves you having to spend precious time in the queue at the Post Office.

Not only that, but the Royal Mail allows you to track your package until its safe arrival at our headquarters, where we can analyse your item and present you with an offer. If you accept the offer, payment can be processed with minimal fuss, giving you that much-needed cash injection, allowing you to spend as you wish, as lockdown restrictions ease.

The lockdowns during the pandemic have been hard on all of us, but there are finally glimmers of light. Having that bit of extra cash could go a long way to helping you celebrate as venues re-open near you in the coming weeks, assuming the government’s lockdown timeline remains on track.

For more information about selling gold with Cash for Your Gold today, call us on 01902 623 253.

Getting the Right Cash for Your Gold and Silver

Rising demand for precious metals from both buyers and sellers in the past 20 years means that there is growing interest in the authenticity of items being exchanged.

Cash for Your Gold has seen many things over the years.

One phenomenon we have observed is the prevalence of items which are purported to be gold, only for further scrutiny to reveal that they are far less dense than they ought to be or that they are electroplated. It’s easy to pass items off as gold in a superficial way, but we know how gold and silver should behave, so here are some things to keep an eye on, when you decide to sell.

Find your certification

Gold and silver coins are popular candidates for being made counterfeit or being passed off as false gold and silver. Electroplating allows manufacturers to reduce production costs, coating less valuable metals in a superficial layer of gold. It might fool someone at first glance, but density is impossible to fake. Gold atoms are densely packed together, meaning false gold items are often far less heavy than they should be.

To make sure your gold coin is authentic, a certificate of authenticity is helpful, as this helps identify its origins and guarantees the dealer was reputable. Gold prices are close to all-time highs, and you don’t want a nasty last-minute surprise as you prepare to sell. Cutting corners might mean you didn’t pay terribly much to acquire your item at first, but it could mean trying to sell it will hit a brick wall eventually.

Other warning signs about your item could be if it shows unusual signs of fading, or the seller offered the item as being ‘enhanced’ by gold. The point is simple: true gold doesn’t need enhancing, and such a term suggests the item wasn’t pure gold to begin with, detracting from the item’s value from the offing.

Check your item out

Cash for Your Gold is in a position to help you assess whether your item is true gold or silver. We know the signs to look out for – hallmarks, density and other classic characteristics associated with proper gold and silver items.

If you would like a professional opinion, we can arrange a Zoom consultation to assess your item over video call. In addition, you can send the item to us so we can examine it ourselves using the necessary metrics and equipment.

Questions over the purity of gold and silver items might persist, and you shouldn’t ignore valid concerns about your items being what you hope they are. Give us a call on 01902 623 253 to hear from professional experts in the world of precious metals today.

All That Glitters Might Not Be Gold

If there’s one thing we know at Cash for Your Gold, it’s certainly a seller’s market. The price of gold is near an all-time high set last summer, and silver has enjoyed a recent spike of its own, thanks to unexpected interest through a Reddit forum.

But an increasing number of sellers are keen to know whether they have the genuine article. How can you prove your item is actual gold or silver? Fortunately, we know just what to look out for, so you don’t get short-changed in the future.

Electroplating tricks the seller

An electrochemical process called electroplating has deceived many of you, who bought what you believed to be genuine gold or silver, when in actual fact, it’s simply copper encased in a thin shell of gold or silver. Cheaper to manufacture, electroplated items short-change many looking to realise the value of their supposed gold or silver collections.

One of the tell-tale signs that your item may be electroplated is as simple as checking for wear and tear. True gold and silver are some of the most durable metals on the planet. There’s a reason gold is valued so highly, especially. If your item looks like it’s tarnished in any way, exposing some other base metal, it’s a sign that the electroplated gold or silver has worn away, having been broken down by the base metal below.

True gold or silver items can get the odd scratch, and some items, like old chains can break, but the surface should maintain a uniform shiny quality. The old saying “all that glitters is not gold” is especially important to have at the forefront of your mind.

Check for the hallmark

If studying for signs of wear and tear prove tricky, it might be easier to check for a hallmark on your gold or silver item. These markings are able to serve as a unique seal of approval, showing you information about an item’s purity, as well as the Assay Office and Sponsor’s Mark.

It’s hard to fake these hallmarks, as they include compulsory stamps and are a legal requirement for items of gold weighing more than a gram, or items of silver weighing over 7.78g. If purity is the go-to metric by which you plan to assess your item, look out particularly for numbers such as 375.

This three-digit number implies that the item has been officially assessed for fineness, and found to have a purity of 9 carat, or 37.5 per cent purity. Numbers counting any higher than that, and your item could have a purity of 14 carat or more.

If you’ve correctly identified your item’s fineness, and have an idea for its weight, why not head over to Cash for Your Gold and see how much your item could be worth using our Gold Scrap Calculator? The result is near-instantaneous and you don’t need to send a single piece of gold or silver to use it.

When you’re ready to make a sale with an item of authentic gold or silver, fill in this Seller’s Form, to see what we can offer you today. Why not call us on 01902 623 253 to get the ball rolling, and see how we can help you with your enquiries?

Reddit Silver Spike Makes Selling Popular for 2021

Gold may be the prize you expect to receive for first place, but very often, its high value can make it tricky to come by. As a result, many of us pour our money into silver. It can be easy to find old family silver, whether it’s in the form of cutlery, jewellery or other items of interest.

In early 2021, an army of Reddit users managed to squeeze hedge funds by pouring into the silver markets, pushing the price up by almost 20 per cent in just three trading days. Few saw the rally coming, but it demonstrates how silver can become ripe for selling opportunities in the blink of an eye this year.

Spot the silver spike

After pouring resources into causing a spike in an ailing game company called GameStop, Reddit users were able to do what few individual buyers of precious metals could ever do on their own. Using the power of free-to-download smartphone trading apps, users of a forum called r/wallstreetbets managed to push prices up significantly in a short space of time.

Anyone who timed a sale during this volatile week for silver prices could have enjoyed something of a Reddit dividend, and the success of this short-lived rally could easily spawn further campaigns to push prices higher.

Cash for Your Gold provides a live silver price tracker, for anyone wishing to monitor silver prices on a regular basis. As we can help facilitate a sale of scrap silver digitally, we have lower overhead costs to our operations than some buyers of scrap precious metals. To give sales with Cash for Your Gold greater transparency, you can value your item of silver for free via our website’s silver scrap calculator.

If you have a silver chain weighing just 40 grams, with a purity of .925, for example, you could sell it for £20.00, based on market silver prices as of 26^th February 2021.

Safe, discreet sales of silver

The potential for future spikes in the price of silver make 2021 an ideal time to consider making a sale with Cash for Your Gold. We have many years of experience in working with sellers to ensure a fair price, in line with market valuations. The silver scrap calculator offers you an easy and free way to value your silver, without having to send a single gram of it, while you consider making a sale.

If you are ready to make a sale, please fill out this Seller Form – it simply requires some basic information to facilitate safe dispatch, with SSL encryption protecting your personal information in the process. We recommend making a sale, using Insured and tracked Special Delivery via the Royal Mail’s online collection service.

While the UK remains under lockdown restrictions due to COVID-19, it is sensible to avoid risking infection by leaving your home to wait at the Post Office, to send a single package. Online dispatch is easy to track, and limits your risk of exposure, during the ongoing pandemic.

If you have any queries about selling silver or wish to make an immediate sale, don’t hesitate to call us on 01902 623 253 and a member of our team will be available to help you.