Selling our old gold

DiggerUK

MSE has made another attempt at a guide for those who want to sell their gold.
I'm sure if we keep on at them for long enough they will get it right.
http://www.moneysavingexpert.com/family/gold-selling-sites

https://forums.moneysavingexpert.com/discussion/2624479

When this thread was started gold was 610 pounds an ounce. It is 765 pounds an ounce today.
I will still advise that you hang on to it unless you need the cash.

DP109

Hi everyone, if anyone is looking at this forum, for information and advice about selling any of their old gold, then i have a few tips. You ALWAYS weigh your gold on a relitively new pair of kitchen scales before taking it and hopefully selling it, but if you have proper scales and not kitchen scales, then most definately weigh your gold on them. All gold, when selling to a gold buyer or dealer is weighed in Troy Oz, 31.1g to a Troy Oz, 28.2g to a kitchen scale ounce. I live in Newcastle Upon Tyne, England and there are about 15, yes 15 gold buying shops in Newcastle's town!! From a pretty good gold and silver buyer, these are his current price per carrat, per gram:

8ct £10.10
9ct £11.40
10ct £12.65
12ct £15.20
14ct £17.70
15ct £19.00
18ct £22.80
21ct £26.60
22ct £27.90
24ct £30.40
Platinum £25.00
925 silver 45p
999 silver 48p
Also, they all say that they pay a calculated price for all soverigns and half soverigns, but a full soverign should be £255 and a half soverign £128. But if you have any gold coins or silver coins that are in particular good condition and are old, then by all means go to a proper coin buying shop. Remember gold buyers scrap the goods they buy, therefore they give you scrap price for them, whereas a coin shop will pay more or less the price in the dealers handbook for your old and in good condition gold and silver coins. All soverigns and half Soverigns are gold (9ct i THINK). To check that you are getting the very best price and not being ripped off for your gold and silver coins, then i would suggest buying the book 'Coin Yearbook 2012' it is the only price guide for gold and silver coins that every single coin buyer and dealer uses, GUARANTEED!! Have fun getting the best prices for your gold and silver where ever you live. By the way these are the gold and silver prices from Newcastle, at the time that i posted, please remember that gold and silver prices fluctuate up and down all of the time.

gardner1

full and half sovereigns are 22ct