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Gold guide

How to sell gold

Short answer

Selling gold follows a simple sequence: sort items by standard, weigh them, get them valued, compare the basis of any offer, then decide. Bring photographic identification, keep anything that might be worth more than its metal separate, and never feel obliged to accept.

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Gold Up editorial teamPublished Updated 2 min read

1. Sort before you go

Separate items by fineness mark — 375, 585, 750, 916 — and keep unmarked pieces apart. Set aside anything with stones, a maker's name, or obvious age. This takes ten minutes and stops different standards being lumped together.

2. Weigh what you have

Even approximate weights help you sanity-check a valuation. Use the gold purity conversion chart to turn weight and standard into fine gold content, and read how much is my gold worth for the full method.

3. Know your options

Common routes for selling gold in the UK
RouteSuited toWatch for
Specialist gold buyerScrap, broken and unwanted gold of any standardAsk how the standard is established and how weight is recorded
Jeweller or antique dealerComplete pieces with design or maker valueMetal-only offers on items that deserve more
AuctionPeriod, signed or collectable jewelleryCommission, fees and a wait of weeks
Postal buyerConvenienceItems leave your possession before valuation
Private saleWearable jewelleryPayment risk and no verification of the buyer

4. Ask the right questions

How is the standard established? Can I watch it being weighed? Is the offer per standard or blended? How long does the price hold? What happens if I say no? A buyer who answers all five plainly is one worth dealing with — see questions to ask a gold buyer.

5. Bring identification

Reputable buyers record the seller's identity and details of the goods. Expect to show photographic ID such as a passport or driving licence, and possibly proof of address. It protects both sides and is normal practice in the trade.

6. Decide without pressure

A valuation is not a commitment. If an offer is not right, nothing changes hands. Gold does not spoil, and the market will still be there.

Frequently asked questions

Do I need a receipt for gold I am selling?

It is not required for ordinary personal items, though anything you have — original receipts, valuations, certificates — helps establish provenance and can support the value of a complete piece.

Can I sell gold that belonged to a relative?

Yes. Inherited jewellery is commonly sold. Where an item forms part of an estate still being administered, make sure you have the authority to sell — see selling inherited gold.

Is it better to sell jewellery whole or as scrap?

It depends on the piece. Mass-produced and damaged items are usually worth their metal; signed, period or stone-set pieces can be worth more intact. Ask before anything is scrapped.

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