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Selling Gold for cash

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  • mossy
    mossy Posts: 1,263 Forumite
    Part of the Furniture Combo Breaker
    I just checked on the website mentioned earlier in this thread, Hatton Garden Metal and it was £10.12 today for 9ct gold.
    Saving for Disney again, oops why book one Disney holiday when you can book two!
    :starmod: Emergency Fund Savings - #148 - £10/£1000 1% :starmod:
    :xmastree:#083 SPC6 £63 - SPC7 £90 - SPC8 £63 - SPC9 £54 - SPC10 £26 - SPC12 £70 :xmastree:
  • I sent some rubbish stuff to postgold for cash. I had been quoted around £30 by local jewellers. Less than 24hours after posting the pack I received an offer of £22. I rejected it saying I had been offered £70 from a local jeweller. 2 hours later they called back and offered me £65 which was paid into my account the next day!!!:T
    Very happy with their service! Will use again!
  • shaun_from_Africa
    shaun_from_Africa Posts: 12,858 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Very happy with their service! Will use again!
    "Will use again" despite them trying to rip you off for £43?

    IMO, stick to Hatton garden metals or Elm investments. Both normally pay more than any of the cash for gold places that advertise on TV or in the newspapers.
  • mossy wrote: »
    I just checked on the website mentioned earlier in this thread, Hatton Garden Metal and it was £10.12 today for 9ct gold.

    I used Hatton - got the best price (you can calculate this on their website before you send) and the money the following day - recommended!
  • Just sold a bit more today to the Birmingham Gold Company. Got £11.46 a gram for 9 carat. Better than HGM which was £11.28. They also weigh gold in front of you or if you post it in they send you a photo of items on their scales.very important
    Its not just about price Its also about actual weight.
  • Selling gold and silver is not just about securing the best price per gram. That's like going to a petrol station because they've got the best prices and paying for petrol put in your car WITHOUT getting to see how much you have put in. Always get to see the weight of the items you are selling.

    It's against the law to sell petrol without indicating clearly how much is being sold. It should be the same with selling gold. It should be law that you get proof of weight.
  • It's against the law to sell petrol without indicating clearly how much is being sold. It should be the same with selling gold. It should be law that you get proof of weight

    It is the same when selling gold.
    Don't forget that in the case of petrol, it is the garage who is doing the selling, and as you rightly stated, they are obliged to state the price and quantity being sold.
    With the gold, it is you that is doing the selling (and therefore it is you that should be responsible for stating the exact weight and quantity) and the gold dealer is simply offering you a price for the goods that you send them.
    if you post it in they send you a photo of items on their scales
    Which shows a weight on a set of scales. Without knowing how accurate the scales are or if everything that you have sent is actually on there doesn't really prove much.
  • barmonkey
    barmonkey Posts: 7,159 Forumite
    WWSD
    (what would Scooby Doo)
  • johngbowman
    johngbowman Posts: 32 Forumite
    Ninth Anniversary Combo Breaker
    I have used CASH4MYGOLD.CO.UK and got the best price the market offered at the time. As at the 20/7/11 they are offering £11.65 per gram for 9 carat gold. Don't think you can beat that
  • johngbowman
    johngbowman Posts: 32 Forumite
    Ninth Anniversary Combo Breaker
    :jA word of advice. Doesn't matter what condition the gold is in. If its gold its worth the same if damaged or not. Make sure you know the weight and check the price online before you sell. Many have sold their gold for silly prices.
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