Seller guide

How to find the best price for your gold, and the pitfalls to avoid

The gold market has one price. How close your offer comes to it depends on the buyer you choose.

Why British Gold Exchange

40+

Years in the precious metals business

£0

Cost to request your free insured postal pack

24h

Maximum time to receive your firm, itemised offer

100%

Of items returned free if you decline

Ready to get a valuation?

The short answer

Use the live spot price as your benchmark, then compare percentages

Every gold buyer in the country pays a percentage of the spot price. The spot price is public, live and freely available: search 'gold price per gram' and you will find it straight away. Once you know today's price per gram, you can calculate what any offer represents as a percentage of market value.

A reputable buyer will tell you their rate before you send anything. We pay up to 99% of the live spot price, depending on item type. Many buyers do not disclose their rate at all, and the difference between buyers on a typical collection can be substantial.

The most useful thing you can do is get two or three written offers. Our offer comes with full return insurance, so finding out what your gold is worth to a specialist buyer costs you nothing.

What affects it

Where sellers leave money on the table

High street shopsConvenient, but they have retail overheads and a margin to cover, and their pricing is rarely transparent. Ask what percentage of spot they pay.
Gold-buying kiosksOften among the lowest rates. Avoid any buyer that weighs everything together without itemising by carat.
Auction housesCan achieve good prices for antique or designer pieces with provenance, but charge seller's commission, which reduces what you receive for plain gold.
Online specialistsGenerally the best rates for standard gold, silver and coins. They have lower overheads, direct access to refiners and published rate cards. Compare two or three.
Flat rate per gramBeware buyers who quote one price regardless of carat. A 9ct piece is worth half an 18ct piece of the same weight. A blended price hides this difference.
No itemised offerA buyer who will not show you the price per piece, per gram and per carat is obscuring the basis of their offer. Ask for it in writing, itemised.

How it works

From first contact to payment

01

Request your free pack

We send you a free pack with a prepaid, tracked Royal Mail Special Delivery label, dispatched the next working day. There is no cost and no commitment.

02

Send your items

Pack your items in the packaging we supply and hand them in at a Post Office. They are insured up to £2,500 from that moment until they reach us.

03

Receive your offer

A firm, itemised offer arrives within 24 hours of your items reaching us. Every piece is weighed, XRF-tested for purity, and priced against the live spot price.

04

Get paid

Accept before 3pm on a working day for a same-day bank transfer. Decline and we return every item free of charge.

Common questions

Questions we hear most

How do I calculate whether an offer is fair?

Take the offer amount, divide by the total grams of pure gold (weight × purity factor), then divide by the current spot price per gram. Multiply by 100 for the percentage. We pay up to 99% of spot, which gives you a benchmark when comparing offers.

Should I get a valuation before sending anything?

You can use our calculator to get an estimate before you send. Our firm offer, based on XRF testing of your items, arrives within 24 hours of receipt. You are never obliged to accept it.

Is there a risk to getting multiple offers?

With reputable postal buyers, no. Items are insured in transit and returned free if you decline. The risk lies with buyers who make returns difficult, so avoid any buyer whose returns policy is unclear.

Does the amount I'm selling affect the rate?

For larger lots, contact us directly before sending and we can discuss your rate.

What is the difference between the scrap rate and the coin rate?

Bullion coins trade at near-spot because they can be resold without refining. Jewellery and scrap must be melted and assayed, which costs more, so the buy rate reflects that processing cost.

Get started

See exactly what your gold is worth to a specialist buyer

Request your free insured pack, receive a firm itemised offer within 24 hours, and compare it with any other quote. You are under no obligation to accept.

0800 014 8323