Top London Prices Paid for Scrap Gold According to one many leaflets which come through our letterbox, this jeweller, with a mobile number but no address or landline telephone number will pay top prices. Problem is that even the claimed prices are so low, it's a rip-off.

Advertising Flyers, Knocker Boys & Hotel Buy-In Dealers With increasing gold bullion prices, we have noticed that many small dealers are jumping onto the scrap-gold buying bandwagon. While we respect the entrepreneurial spirit of some of these people, their buying prices often prove to be a complete rip-off.

Example One leaflet we got through our door recently (July 2008) claims:

Top London Cash Prices Paid
Wanted
Gold & Silver

Gold
We pay

9ct	up to £100 tr. oz.
15ct	up to £150 tr. oz.
18ct	up to £200 tr. oz.
22ct	up to £250 tr. oz.

in any condition.

M**** & Son Jewellers
07506 ****** (Mobile telephone number
The ********** ********** Club ( We have seen several flyers now at different clubs, hotels, and towns).
Or call Stuart for an appointment (for a home visit)

What's so Bad?
There's nothing much wrong with this, if you don't mind getting ripped off. First compare the 9ct price with ours. At the time of creating this page, our "small quantity" buying price for 9ct scrap gold was over £150 per ounce, compared with "up to" (whatever that means) from the semi-anonymous leaflet buyer. One of our competitors, many years ago, used to take big local newspaper adverts claiming to pay "up to £100 per ounce for scrap 9ct gold (when it was worth about £88 - £90, and against our genuine advertised price of £80 per ounce). When people took stuff to sell them, this rogue outfit offered £1 per gram (about £31 per ounce).
Even at these leaflet prices, the buying in prices are very low, and certainly it's misleading to call them "Top London Cash Prices".

Anonymous? We note that, although the leaflet states the name of a jeweller, there is no address, no landline telephone number, nor surname for "Stuart". It could be a local burglar, mugger, robber or rapist, for all you can tell from the leaflet. Would anybody in their right mind invite this person into their home to show them their family heirlooms and valuables?

Neighborhood Watch We also spoke to a Neighborhood Watch Coordinator, who told us that his local police contact had asked him to keep a note, and pass on any such leaflets, and to tell his neighbours not only to exercise caution, but get a price from a local jeweller first.

Our Conclusions and Advice The buyer behind this particular leaflet probably makes at least 50% to 100% instant profit on anything he buys. Sellers are getting ripped off quite badly. Over more than 40 years in this business, there have been a constant stream of similar cash buyers and leafleteers, most of whom pay low prices. We would recommend that any potential seller shops round a little. If you are not satisfied by the price you can get locally, you could always post it or bring it to us, and will almost certainly get a better price than from your local jewellers and dealers.

Scrap Gold Selling Advice Our simple advice about selling scrap gold jewellery in the UK and elsewhere. Avoid get ripped off.

We Are Always Keen To Buy Scrap Gold

As leading UK dealers since 1964, we are always eager to buy gold coins and gold bars. In addition, we also buy scrap gold in any quantity and carat.
Whether you have a single item or several kilos, we will always be interested in buying your scrap gold at competitive prices.
We also buy gold coins, whether it's an extreme rarity or a bullion coin. Whether your coin is in perfect mint state or only fit for scrap, we will buy it.

Typical Scrap Gold Categories

• Nine Carat (9ct) Hallmarked Gold
• Nine Carat (9ct) Unhallmarked Gold
• Fourteen Carat (14ct) Hallmarked Gold
• Fourteen Carat (14ct) Unhallmarked Gold
• Fifteen Carat (15ct) Hallmarked Gold
• Fifteen Carat (15ct) Unhallmarked Gold
• Eighteen Carat (18ct) Hallmarked Gold
• Eighteen Carat (18ct) Unhallmarked Gold
• Twenty Two Carat (22ct) Hallmarked Gold
• Twenty Two Carat (22ct) Unhallmarked Gold

Other Alloys Although we have listed the most common gold alloys, there are numerous other standards, and we are happy to buy all.

Any Quantity
We are happy to buy any quantity of scrap, from a single piece upwards, without limit.
If you have a large quantity of gold scrap to sell, we will accept your instructions on price, or offer you helpful advice on selling. We are one of the longest established and largest gold buyers in Britain.

Fair and Competitive Prices Our buying prices for gold coins, bars and scrap are fair and competitive, but depend and change based on underlying gold prices, and other market conditions such as supply and demand.

International Buyers We also frequently buy gold coins from many other countries. There is no import duty or tax on entry to the UK for most gold coins or bars.

Sending Gold Scrap by Post
You are welcome to visit our showroom to sell scrap, but it's also very easy to sell to us using the post. We have a page of advice about sending gold coins and scrap by post.
We suggest you bring ID if visiting our showroom.

Gold Selling Form You may wish to print out our form to help make it easy for you to list goods you are posting to us for sale or offer.

We Buy Gold Coins

We Buy Krugerrands

We Buy Gold Sovereigns

We Buy Gold Bars