Sell Gold Coins and Bars

Author: Ian Davis - Bullion Manager

Published: 13 Sep 2017

Last Updated: 8 Aug 2019

You have reached our blog, click here if you want to see how much we are paying for gold coins and bars.

Selling Gold Coins and Gold Bars

When you are selling gold, you want to make sure that you get the best price for your coins, bars or scrap gold. Read this blog for answers to some of our most frequently asked questions.

Sell Gold and Silver in London, Manchester, Birmingham, Scotland or Anywhere Else!

As of today, we can now offer fully insured, door to door service for any value and quantity of bullion gold and silver. We arrange a trusted courier to pick up from your front door and deliver everything next day to our offices in Blackpool. This service is fully tracked and signed for and you can be rest assured the whole investment value is insured. After you inform us what you would like to sell, we will offer an option to fix the price and provide an estimate of delivery costs. Following this we will post out a tamper proof box, shipping label, packing instructions that are easy to follow and book a courier to collect at your convenience. All we ask is that you provide a 3-hour window you are happy to wait in for collection.

The whole process takes 3 or 4 working days and you can expect payment as soon as we check the coins / bars for authenticity and quantity quoted.

This process is perfect should you have very large quantities of gold or silver (such as monster boxes) or should you live too far away to justify driving.

We offer some of the best buy back prices on the market and should you live in London, Surrey, Cornwall, Scotland, Brighton, Birmingham, Leeds or Manchester you can take advantage of our prices without even leaving the house!

Read more by clicking here

Do You Buy Gold? 

Yes, we buy gold coins, coin sets, bars and medallions. In fact, Chard also buy silver, platinum and palladium, and it doesn't matter whether you bought the items from us or not. We use the live market prices to offer you the most competitive price for your precious metals. 

When Is the Best Time To Sell? 

Bullion is traditionally seen as a safe haven, it is one of the only commodities that will always have a value. So, the best time to sell is generally when you need money.  The live metal price goes up as well as down. This can be affected by many different external factors including geopolitical tensions, financial reports, market speculation, currency fluctuations, interest rates and supply and demand.

Watch the live metal prices and decide when it is the best time for you to sell. This gives you the flexibility to achieve the price that you are looking for. 

GoldSovereigns

Do You Buy Coins and Bars Bought Elsewhere? 

Yes, we buy all precious metal coins and bars. We will offer you the same highly competitive prices that we pay to customers who have bought their precious metals from us.  

Can I Part Exchange One Type of Bullion to Another? 

Yes, that's not a problem. We will check your gold coins and bars first. Then we will give you a price to buy your bullion and offer you a special rate on the new coins or bars that you would like to buy. 

How Can I Work Out How Much My Coins or Bars are Worth? 

If you are wondering how much your bullion is worth, visit our Sell To Chard page for our most popular products or call us on 01253 343081 to find out prices for other coins and bars from mints and refineries around the world. 

We use the live rate so you don't have to rely on the LMBA am or pm fix. We generally offer the following rates although this can change depending on our stock levels: 

What Is the Actual Gold Weight of My Coins? 

We calculate the actual gold weight of your coins by dividing the weight of the coin by the fineness and then divide this by 31.1035 to find the actual metal weight in troy ounces. 

Here are a few examples:

Coin Weight Fineness AGW* Troy Ounce
 Sovereign  7.9881g  0.916  0.2354
 Krugerrand  33.905g  0.916  1
 Britannia (2013 to now)  33.21g  0.9999  1

* AGW - this is an acronym for Actual Gold Weight. There will often be a difference between the weight of a coin, bar or medallion due to the fineness of the gold. We use troy ounces to calculate the actual gold weight of the item. The actual gold weight is then multiplied by the premium that we are paying for the individual item. The premium may change depending on our stock levels. 

Do You Pay Extra For Old Coins?

Yes we pay extra for historic, collectable or commemorative coins or coin sets 

It depends. Some items were issued with high mintage figures, some are not as sought after as others and some have been damaged. We would always rather buy perfect and high grade coins as they sell more easily. We frequently see proof coins which have been removed from their protective capsules or are no longer in their original boxes. These are not as desirable to collectors who want items in perfect condition. Sometimes we will buy them from you and if we're lucky there may be a collector who is looking for a 'type' until they can replace it with the perfect coin. Other times we will scrap the coin completely.  

Our prices are based on catalogue values, market prices and what we think we will be able to sell it for. You may see items offered for a price which is higher than the one we offer you. We have to weigh up how much we think we will be able to sell it for and how long it could take us to sell it. Often, we will have the coins in our strong rooms for years until a collector asks about it, so we may be taking a risk buying it off you.  

You may however, have paid over the odds for your coins and bars, particularly from some of the more unscrupulous dealers who charge extremely high premiums on commemorative coins. We find it deeply upsetting when we hear from customers who have bought coins and coin sets from companies who often advertise in respected newspapers and magazines and have paid far in excess of the intrinsic metal value of the coins. 

We will offer to pay for your coins straightaway. There are no auction fees or waiting around to see whether your item achieve a reserve price or not. There are no buying fees, the price we offer is the full price that you will get. 

There are some coins and coin sets that we are particularly interested in and if they are in the highest grades we may offer you more than the catalogue price! 

Do You Buy Scrap Gold? 

We buy scrap gold, silver, platinum and palladium. If you have any old or damaged jewellery that you no longer love or want to wear, call us for the latest price per gram and either send it to us or pop into our showroom and we will buy it off you. There are different buying rates for British hallmarked and non-British hallmarked. If you are selling scrap precious metals and buy other jewellery items from us, you will qualify for a special loyalty rate. Please visit our dedicated scrap gold page or phone 01253 343081 for details. 

How Quickly Will I Receive Payment? 

Generally, we pay straightaway. It may take up to 3** working days for the money to reach your bank account. If you come into the showroom we often pay cash up to £1,000 if you have the correct ID. Depending on cash levels, higher cash payments are often available with a 1% fee. We regularly buy large amounts of bullion, if for any reason payment may be delayed, you will be advised about this before the deal is concluded.   

If you are sending gold to us, download this form, fill it in and send it in with your items to

Chard Coins and Bullion
32-36 Harrowside
Blackpool
Lancs FY4 1RJ

** We buy and sell large amounts of gold every day. Occasionally we may buy in an exceptionally high volume of gold which may affect our cash flow in the short term. In this instance there may be a short delay in payment. This is usually a fluid situation which may change on a day to day basis. You would be made aware of the situation when you enquire about selling.

This guide and its content is copyright of Chard (1964) Ltd - © Chard (1964) Ltd 2020. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited.

We are not financial advisers and we would always recommend that you consult with one prior to making any investment decision.

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