There are plenty of places for you to sell your scrap gold including:
- Pawn Shops
- High Street Jewellers
- People who come knocking at your door
- Online Scrap Gold Buyers
It is quite difficult and time consuming to call or visit every jeweller or pawnbroker in town to get a valuation for your scrap gold, and you just don’t know if or when a gold buyer will come knocking.
In addition to this, we find that most Pawnbrokers and door-to-door gold buyers quote 50% less than the actual gold value. High Street jewellers tend to offer a little more but not much.
A quick google search for scrap gold will bring hundreds of online gold buyers, but which ones to sell to?
Even if you decide not to use FalkosGold’s services, we recommend you make the following checks.
- Avoid any company who ask you to post to a PO Box address
- Even if you intend to post, call to see if you can sell your gold in person. If they refuse then steer well clear.
- Check the firm’s scrap gold prices over the course of a week, if prices are consistently high compared to other online scrap gold buyers, then you know you will get a competitive rate. We have seen several unsavoury gold buyers hike their quotes up to encourage consumers to send their gold in, only to drop prices the next day.
- Several sites manually add customer feedback to their testimonials pages. FalkosGold allow customers to add unedited feedback live to the site. Customer Feedback.
- Several firms charge to send cash / cheque or bank transfers to their customers. They may be offering an extra 2 pence per gram, but consider that they may take £5 + off the total price to send you cash for your scrap gold. FalkosGold do not charge their customers and the price you see is the price you get.
- All online gold buyers change their prices on a daily basis, but check what happens if the scrap gold price goes down. Do you get the price when you filled in the claim form or do you get the price on the day? FalkosGold allow our customers to choose which option they prefer.
- Double check the yellow pages (yell.com), if the company are not listed then steer well clear! Just because they have a pretty website, doesn’t mean that they are a well established firm. Any established firm will be listed in the yellow pages.
- Look for a photo of the premises on the firms webpage. FalkosGold put our shopfront image right on the front page so you can see that we are a real company.
- So you have found a buyer you like, well don’t go and post all 500g of your gold, send in a small amount like 20-30g and if you are happy with the service, then send the rest. Better safe than sorry!
- Call up the scrap gold buyer and ask questions you already know the answer to… You will soon see if they are trying to make a quick buck or are decent and honest. I will not name the company in question, but one of our customers called an online gold buyer up and asked them how much they would get for a Krugerrand. The gold buyer told them that the gold coin weighed 25g. At today’s rates, if this customer posted the coin to them, the gold buyer would have stolen nearly £150 from the customer.
This post is not meant to scare you, as selling gold online can be a painless and pleasurable experience. All we ask those who read this post is to be safe and not sorry.
Should you have any queries in relation to this blog, please do not hesitate to get in touch. enquiries@falkosgold.co.uk
0207 0961749
