Selling gold and silver in the UK

Because we only sell the most liquid types of gold and silver coins and silver bars, we’re able to offer all our clients a Buyback Guarantee.

We promise to repurchase any metals sold by us, regardless of how much time has elapsed since the purchase. This provides you with the knowledge and comfort that if you need to quickly sell any, or all, of your holdings, then we’ll facilitate that for you.
Infact, we go a step further, as we believe our role in buying back is as important as our guidance when selling. We give you a ‘sell it now’ market rate for all your gold or silver if you need to sell immediately. Alternatively, if you’re able to wait, we make a note of your intention to sell and try, as brokers, to match with buyers over the coming weeks. If there’s a solution that works, then you’ll obtain an enhanced price, as we’re essentially cutting out the wholesale element.

The decision to sell your silver and gold may be influenced by current market fluctuations and the price we pay is also based on this 10 commandments important factor.

However, we also take into consideration a number of other influencers, including:

• Spot price – the price paid will largely depend on the prevailing price. Brokers virtually never pay the full spot price, so expect to receive a price close to but lower than the spot price
• Types of gold or silver – bars, bullion coins, proof coins and sets, numismatic coins, collector’s coins, foreign coins, scrap metal, jewellery, etc.
• liquid coins (e.g. Sovereigns or Britannias) and similar coins, which have a known market price and are often bought for numismatic as well as investment purposes
• rare but collectable coins – these are typically saleable as the demand often exceeds the supply
• obscure coins – these are often tricky to sell and may have minimal demand
• The condition – we discuss this below, but the condition is a critical aspect in determining how much your gold and silver will sell for
• General market conditions – these can seem remote to your need to sell but are all important to dealers. Market sentiment has a distinct bearing on prices paid. If the futures market is suggesting gold bullion will rise, better prices may be paid, and conversely if the opposite applies!
• Liquidity – we have already discussed this, but the saleability of the asset is all-important. If it’s easy to sell it’s likely to command a better price