Archive for the ‘Miscellaneous’ Category

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:

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, Silver |

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 (

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 (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?

If 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! For those who are interested, our app will even take you step-by-step through the maths to explain how the calculation is made.

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

How about also finding out if your cat is worth its weight in gold?!

September 22nd, 2010 No Comments » Miscellaneous |

Alluvial Gold Dust

Alluvual Gold Dust - Buyer Beware!

Alluvual Gold Dust – Buyer Beware!

As an established scrap gold dealer, we’ve recently been contacted by a member of the public who’s been offered for sale a quantity of Alluvial Gold Dust. Wanting to know whether the offer was genuine, they contacted us for advice.

Here’s the original e-mail they received:


It’s my pleasure contacting you to inform you about our product “Alluvial Diamond and Gold Dust”. I am a Gold and Diamond Dealer here in Cote D’Ivoire, Ghana and London.

We are having in stock right now 450kg of Alluvial Gold Dust advertising to seek of buyers assistance in helping us buy Gold Dust Or Diamond and sale on her own location.

Our F.C.O is described as follows:

Commodity: Au Metal Quantity – 450kg
Quality: 22+ carat
Purity: 96%
Price: $25,000 US Dollars/kg
Shipment: By Air
Package: Export Carton Case.

Terms and Condition: I will be very grateful if you can come down here and do inspection of the goods properly before we commence shipment. I agree to follow the lot with you to your country and get paid after the final assay and refinery in your own location here in Cote D’Ivoire, Ghana, Or London. I Mr. ###, From Abidjan, Cote D’Ivoire in West Africa.

What is Alluvial Gold Dust?

The term ‘Alluvial’ is used to describe:

A deposition of sediment over a long period of time by a river; an alluvial layer.

Or, to put it in simple terms, river mud.

Now, on the face of it, this ‘offer’ looks quite attractive. 450kg of 22ct gold, albeit in ‘dust’ form, would be worth somewhere in the region of £10.5 million. An opportunity for an investor to make a healthy profit perhaps?

Well, no, of course not.

Bear in mind that a typical gold mine will yield somewhere in the region of 3 grams of gold for every ton of rock excavated. They wouldn’t be going to all this effort if they could dredge river mud and yield a higher return! Anyone with a source of gold at this purity wouldn’t need to be hawking it on the Internet.

Our advice: Please steer well clear of these e-mails. We receive similar correspondence every day, all of which is filed in our ‘spam’ folder.

Remember the old adage – if it’s too good to be true, it probably is.

July 9th, 2010 9 Comments » Miscellaneous |

Interesting Facts About Silver

Bar of SilverOne of the best known precious metals, Silver has a rich history.  Silver has been used by man for thousands of years and, in ancient times, it was considered to be the second most valuable precious metal with Gold being the first. This is very interesting when you consider that the value of silver has never achieved a price of more than 1/10th of the gold price. In this article, we take a look at some interesting facts abouts silver.

Silver has the chemical symbol Ag, a shortened form of its Latin name, Argentum, which has been translated to mean “white” or “shiny”. The word ‘Silver’ originates from the old English Anglo-Saxon word ‘seolfor’.

Silver in the Holy Books

While silver was largely used for ornaments, jewellery and utensils, it has also been used for trade currencies.  The biblical account of Jesus Christ’s betrayal remarks that Judas Iscariot betrayed Christ for 30 pieces of silver, the book of Genesis describes silver as already being used by early people and countless other biblical and historical references point to trading being handled with silver as the currency from the fourth millennium B.C. Silver also found it’s place into non Christian religious records. The Muslim holy man, Muhammad, is said to have worn a silver signet ring, making silver jewellery one of the few accepted forms of ornamentation for men of the Islamic faith.

The Ancient & Antibacterial Properties of Silver

Since silver possesses antibacterial properties, it has been used for medicinal purposes since the time of the Ancient Greeks. The Ancient Greek and Roman people used silver to prevent infection and the stability of the Roman economy was dependent upon the supplies of silver that were mined at a rate of about 200 tonnes per year, creating a Roman silver supply of nearly 10,000 tonnes in the 2nd century A.D.

During the Middle Ages, the antibacterial properties of silver were also used to disinfect water supplies and protect food supplies during long term storage. Around this same time period, the European people also developed the technique of using silver for the treatment of burn and wound victims, using the silver as a dressing for their injuries.

By the 19th century, sailors had discovered that placing silver coins into the barrels of water and wine they carried would keep these perishable commodities pure from contamination by bacteria, a trick that was then adopted by the early settlers of the American west.  In fact, this use for silver has proven to be so effective that, in 1920, the U.S. Food & Drug Administration (US FDA) approved silver solutions as food safe antibacterial agents.

The Current Uses of Silver

Although modern man still uses silver for its traditional usage in jewellery, ornaments, silverware, tableware and coins, we haven’t stopped with just the common uses. Modern science has also discovered the uses of silver for the manufacture of mirrors, clothing, electrical circuitry, photography, dentistry and medical uses, as well as its catalytic properties which lead to silvers use in control rods for nuclear reactors and industrial applications.

The high electrical conductivity of this metal has made it useful for electrical applications, particularly audio cables, but it has largely been avoided due to high cost and the problems associated with tarnishing, the oxidation of silver when it comes into contact with air or water containing ozone, sulfur or hydrogen sulfide. Despite these detractors, 13,540 tonnes of silver were used to build magnets during World War II for the process of enriching uranium because of the short supply of the more economical copper.

Where is silver found?

While silver is found on every continent of the world, the majority of silver being mined today is found in Peru and Mexico, where the metal has been mined since 1546.

Silver is found in its pure form in nature. It also can be found alloyed with gold and other metals or in the presence of minerals, such as argentite and chlorargyrite. Most of the silver being mined today is a by-product of the production and refining process of other metals, such as copper, gold, lead, and zinc.

Some Interesting Facts About Silver

  • The element Silver is classified as a “Transition Metal”, located in Groups 3 – 12 of the Periodic Table. A Transition Metal is ductile, malleable, and able to conduct electricity and heat.
  • The atomic number for silver is 47 and its atomic mass is 107.8682 amu. A cubic centimetre of pure silver weighs 10.5 grams (0.3704 ounces, 0.3376 troy ounces).
  • Silver melts at 961.93°C and boils at 2212.0°C.
  • The modern Olympic Gold Metal is actually made of Sterling Silver which is then plated with 6 grams of pure gold.
  • British silver coins minted before 1920 are Sterling silver. Coins minted between 1920 and 1946 contain 50% silver.
  • Silver is not toxic but almost all of the silver salts are poisonous.
  • Silver Iodide is used to seed clouds, a process used to bring rain to dry regions in times of drought.
  • Some mirrors are made by a process called silvering glass. As a byproduct of this process, silver fulminate is sometimes produced. Silver fulminate is a very powerful explosive.
  • Sterling Silver has a purity of 92.5%. Items made of sterling silver are stamped with the word, Sterling, the number, 925, or a combination of the two.
  • The transitional lenses in your eye glasses are made with silver halide. These lenses can change light transmission from 96% to 22% in less than one minute and they effectively block 97% of the damaging ultraviolet rays from sunlight. This changes can be reversed over and over again.
  • Silver is used in the production of cloth that is resistant to the effects of mildew and bacteria.
  • It also possesses the highest thermal and electrical conductivity of any known metal.
  • Approx 20,000 tons of silver is minded every year.
  • Silver is used to represent the twenty-fifth wedding anniversary.

Other relevant pages about silver:

July 5th, 2010 1 Comment » Miscellaneous |