Archive for the ‘Miscellaneous’ Category

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Royal Mint release first UK kilo gold and silver coins

UK 1 kilo gold and silver coinsIn commemoration of the London 2012 Olympics, the Royal Mint have unveiled the UK’s first ever 1-kilo gold and silver coins.

At an eye-watering £100,000.00, the kilo gold coin is priced at around 3 times its intrinsic gold value. The silver version is priced at £3,000.00, nearly 4 times its silver value.

Designed by Sir Anthony Caro, the gold coin has an issue limit of 60. The silver version is limited to 2,012 pieces and has been designed by Tom Phillips.

One could argue that the uniqueness and collectability of these coins justify the high price tag, however anyone purchasing for investment purposes should take note that the world’s largest gold coin, a 1 Million Dollar Canadian Maple Leaf sold for just it’s scrap value back in June 2010.

Interestingly, The Royal Mint produced a 1 kilo gold coin in 2011 to commemorate the Royal Wedding. Minted for the island of Alderney, this coins had a bargain-basement price of just £40,000.00!

Link: Royal Mint reveal 1 kilo coins

January 25th, 2012 No Comments » Gold, Industry News, Miscellaneous |

Tesco don’t recognise 21ct gold

When we wrote our Tesco Gold Exchange review (back in November), we speculated what a customer would be paid for Asian 21ct gold jewellery.

Well, it appears our suspicion was correct. We’ve just had confirmation from a customer who sent their 21ct wedding jewellery to Tesco’s for valuation and were offered a sum based on their 18ct rates.

Based on today’s prices, a customer sending 21ct gold to Tesco would be paid just 65.2% of its true value.

That’s a very poor deal!

May 25th, 2011 No Comments » Miscellaneous |

Silver Prices Per Gram

Demand for scrap silver is very high at present and our silver prices per gram reflect the strong market conditions.

We are currently paying the following rates for unwanted silver items:

Our prices per gram are guaranteed for 3 days, we pay the same rates for hallmarked and non-hallmarked silver and we don’t charge testing or refining fees.

If you wish to sell your unwanted silver, our process is very simple.

  • Complete our claim form
  • Securely pack your silver items, remembering to print and sign a copy of your claim form
  • Send your package to us using Royal Mail Special Delivery.

We deal with all packages on the day of receipt. The quickest method of payment is for us to pay you direct into your bank account. All high-street banks are now part of the Faster Payments System, which simply means we can get the funds into your account within 1 hour.

See our main scrap silver prices page for a full breakdown of the prices we pay.

December 20th, 2010 No Comments » Miscellaneous |

Tesco Gold Exchange Review

Supermarket chain Tesco have entered the ‘cash for gold’ market with the launch of a new web site, Tesco Gold Exchange (tescogoldexchange.com).

Tesco Gold Exchange is being operated for Tesco’s by Ramsdens, an online cash for gold operation and chain of high street Pawn Brokers.

Looking at the prices being quoted on their gold calculator, it appears they are paying roughly 70% of market value for scrap gold. This is a lot higher than many TV advertising companies, but still falls way short of the rates paid by specialist gold buyers, such as Gold-Traders.

It’s interesting that when using their calculator, they highlight the poor prices offered by some of their competitors, like postgoldforcash.com (WHSmith).

It appears Tesco Gold Exchange only recognise 9, 14, 18 and 22ct carat gold when making valuations. I’m not sure what would happen if you sent them some Asian 21ct gold – at a guess, it would probably be valued at the 18ct rate.

Undoubtedly, Tesco Gold Exchange will prove profitable for Tesco. However, for the savvy customer who does their research, there are far better places to sell your gold for cash.

November 10th, 2010 No Comments » Miscellaneous |

Are you worth your weight in gold?

I am worth £1,765,529.53 in gold bullionIf you owned your bodyweight in gold bullion, what would it be worth?

Our ‘Worth Your Weight in Gold’ application has been updated and now generates a unique banner image for each visitor.

You can post your results to Facebook, Tweet your valuation and even post your results to your blog or web site.

I am worth £1,765,529.53 in gold. Are you worth your weight in gold?

WR82KR7X63F5

September 22nd, 2010 No Comments » Miscellaneous |
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