Last updated: 29/08/2015 15:32:19
Cash for Gold adverts, they're everywhere! On television, the radio and the press.
You can even pick-up a 'free' gold bag from high street shops and motorway service stations.
The adverts are slick and the marketing hype always promise 'Top Prices'.
But, have you noticed there's often a crucial piece of information you're never told?... The actual price they'll pay you.
--Please select an option--
If you've already been offered a price, enter it here.
Postal gold companies and high street gold buyers are in the business to make a profit, that's fair enough. Unfortunately, some companies have taken this to the extreme and are blatantly ripping-off their customers.
Many unsuspecting members of the public are getting paid as little as 20% of the real value for their gold.
This page is here to help you make an informed decision as to whether you're getting a fair deal.
The calculator in the right-hand column of this page will help you work out the real value of your gold. Pricing is based on the current 'gold fix', as set by the London Bullion Market Association. The gold fix price changes twice each working day, once in the morning and once in the afternoon.
You'll need to know two pieces of information to work out the value of your gold:
If you live in the UK, the Hallmarking Act 1973 stipulates that any item of gold weighing over 1g must be hallmarked. This is your guarantee that the item contains (at minimum) the amount of gold stated. If you need need help identifying a hallmark, check our our gold hallmark guide.
Unfortunately, gold purchased in the USA is subject to lower quality control. The minimum recognized purity for an item to be called 'gold' in the States is 10k. However, under-karating occurs and is impossible for the average consumer to spot.
If possible, weigh your gold on a set of jewellers digital scales. You need to know the weight, in grams, preferably to one-tenth of a gram. Be wary of digital kitchen scales as many units only weigh in increments of 5 grams.
Enter the weight and purity of your gold into our calculator and select your preferred currency. If you've already been offered a price for your gold, enter it in the 'Offer Price' box.
Click the 'Calculate' button and our calculator will give you the real value of your gold.
We would always recommend that you NEVER send your gold to a 'cash for gold' company if they don't tell you, up-front, what they pay (per gram) for gold.
Please don't be taken-in by the '110% guarantees' or promises of 'top prices'. These statements mean nothing and you will almost certainly receive a poor deal for your gold.
If you've already sent your gold to a postal gold company and you notice there are no prices quoted on their web site, request its return. Even after haggling (which many companies will do), the price will still undoubtedly be low. It's not uncommon for valuations to be doubled when the initial offer is refused. Don't be tempted to accept though!
Please bear in mind it's unlikely that you'll find a dealer who'll pay you 100% of the value. Obviously the dealer needs to make a profit and must also cover refining costs, staff wages etc. If you entered the price that you've already been offered, the calculator will tell you the percentage you're being paid.
Don't sell your gold! The price you have been offered is very poor and you can get a far better price elsewhere. If you've already sent your gold away, request its return immediately.
It's not the worst deal, but you could do better. If you haggle or shop around, you should be able to achieve a better price.
The price you have been offered is (in our opinion) a fair deal.
If we receive your gold tomorrow, we'll pay you tomorrow.
The prices quoted are the rates we're paying, we have no hidden fees or charges.
If you change your mind within 24 hours we'll return your items at no charge.
"About the best prices we were able to obtain were at Gold-Traders (UK)"
"..the trick with these sites is finding one that will give you a quote in advance - this is where Gold Traders stands out from many competitors."
Are You Worth Your Weight in Gold?
Use our Hallmark Identification Wizard.
Use our Gold Sovereign Identification Wizard.
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Company Registration Number: 6521732Address: PO Box 3389, Swindon, Wiltshire, SN4 7WQ
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