When it comes to investing in gold, your profits will depend on when you buy and sell gold and getting the best price for your assets. At Physical Gold we offer a buyback guarantee on any purchase you make from us assuring all of our customers that they can cash in their investment quickly and easily using the same trusted UK gold dealer.You can also sell gold to us that we haven’t sold to you. However, because we only offer products of the highest quality, we cannot guarantee to buy from you if we did not sell your gold to you.We do not buy gold plated items. We do buy gold bullion, gold bars and gold coins – including rare and historical coins, and gold jewellery or gold decorative items, and gold jewellery or gold decorative items.If you’re looking to sell gold jewellery, then click here.Sell Jewellery
Gold coins: Indicative Prices
|Name||Guide price each|
|½ oz Britannia||£21.14|
|Other 1oz coins||£41.41|
Gold bars: Indicative Prices
|Name||Guide price each|
Scrap Gold: Indicative Prices
|Indicative Price Per Gram||£0.51||£0.57||£0.80||£0.85||£1.02||£1.13||£1.19||£1.25||£1.22||£1.36|
|Indicative Price Per Ounce||£15.86||£17.59||£24.74||£26.43||£31.72||£35.23||£37.00||£38.74||£38.06||£43.36|
The right time to sell gold
The gold market is globally renowned for delivering steady returns, as opposed to the silver market. Although prices go up and down in the short-term, the yellow metal is a trusted asset class that delivers good returns in the long-term. Often, gold coins and bars behave differently and coins can carry premiums due to manufacturing costs, as well as numismatic value. As an investor, you need to be actively studying gold prices. Nowadays, this is easy to do.
The price of gold is the spot price per ounce in USD that dynamically changes all the time. Most reputed gold dealers will have a ticker on their website that tracks the continually changing price of gold. But, selling in a smart and calculated way is all about setting objectives. If you’ve purchased gold a few years ago and the price of gold reaches your target price, you can think about starting to sell. Of course, many people sell their gold due to the urgent requirement of funds. However, in this case, you may not realise the amount of profits you had in mind.
Discussing your sale with your broker
A key step in the selling process is to discuss your objective to sell with your broker. A good broker can give you sound advice on whether or not the time is right for sale. Currently, the spot price of gold is quite high at about $1600 per ounce. If you’ve studied historical price charts of gold, you’ll realise that the all-time high was achieved at the height of the last financial crisis in 2011 at around $1900 per ounce. So, many investors are currently gearing up to sell.
Sell Gold Bars
When you decide to sell gold bars, whether you have purchased them through us or not and whether we store them for you or not, we can offer competitive prices. As a skilled dealer in gold, we have access to dedicated trade lines that allow us to secure excellent prices for your gold bars.
Gold that has been stored with us can be identified quickly and released using our metal sales form allowing you instant access to the cash from your investment.
Sell Gold Coins
Physical Gold is a member of the British Numismatic Trade Association (BNTA), and as such we are obliged to operate within their strict rule of ethics. Our team of numismatists are skilled professionals who are trained to identify and value coins of all ages, provenance and background. They will authenticate your gold coins and validate their condition to provide you with the best offer. Based on the prevailing price of gold, plus the market conditions for specific gold coins, your valuation is unique to your gold holding and is valid for a limited time. If you chose to sell your gold through Physical Gold, then we can arrange prompt payment to release your equity from your assets.
Coins stored with us take less time as we can more readily establish the condition and provenance, updating your valuation to take account of any change in the price of gold since you deposited or purchased your coins with us.
Some investors choose to sell part of their gold holding to further diversify their existing portfolio by transferring from coins to bars or bullion or investing in silver instead. We are not financial advisors but we can provide you with access to our comprehensive insights which include gold & silver investment tips, advice and market news to help you reach a decision about when to sell gold.
You can sell silver and gold to Physical Gold, particularly if you have purchased this through us, including silver bullion, silver coins and silver bars. Call us on (020) 7060 9992 or get in touch via our website.