Cash For Gold UK - Get Instant Payment from Trusted Buyers
Cash for gold UK services compared. Find dealers offering same-day cash payments for your gold jewelry, coins & bullion. Get multiple quotes and choose the best offer.
Why Choose Verified Cash For Gold Dealers?
Get cash in hand immediately at local dealers, or same-day bank transfers from online services. No waiting weeks for payment.
All dealers are verified with physical addresses and clear pricing policies. No hidden fees or scams.
Compare multiple quotes to ensure you're getting 70-85% of spot price. Our calculator shows you the fair value.
Calculate Your Gold's Cash Value
Know your gold's worth before visiting dealers
Note: Dealers typically pay 70-85% of this calculated value for scrap gold. Use our calculator as a starting point for negotiations.
Types of Cash For Gold Services
- ✅ Immediate cash payment
- ✅ No shipping risks
- ✅ Face-to-face negotiation
- ✅ Same-day transaction
- ❌ Limited to local dealers
- ✅ Compare multiple offers
- ✅ Access to more dealers
- ✅ Often higher prices
- ❌ 1-3 day delay for payment
- ❌ Shipping insurance required
- ✅ Instant cash available
- ✅ Option to redeem items
- ✅ No credit checks
- ❌ Typically lower prices
- ❌ Interest charges on loans
- ✅ Highest prices for quality
- ✅ Expert valuations
- ✅ Fair for branded jewelry
- ❌ May not buy scrap
- ❌ Fewer locations
How to Avoid Cash For Gold Scams in the UK
Protect yourself from fraudulent buyers and scam operations
1. Fake Police Officer Scam
Scammers pose as police officers claiming to investigate gold dealers. They ask victims to withdraw gold and hand it over for "evidence." Real police never collect valuables this way. Always verify with 101 (non-emergency number) before handing over items.
2. Postal Gold Pack Scams
Companies send "free" gold packs, then offer extremely low valuations (20-30% of value) after you've sent your gold. They use pressure tactics like "limited time offer" or "gold is deteriorating." Always get a quote before sending items.
3. Inaccurate Testing & Weighing
Dishonest dealers use rigged scales showing lower weights, or claim your 18ct gold is only 9ct. They test in private without showing you results. Always watch the weighing and testing process.
4. High-Pressure Tactics
Dealers pressure you to sell immediately, claiming "prices are dropping" or "this offer expires today." They may refuse to return your gold if you decline. Legitimate dealers never pressure immediate sales and always return your items.
5. "Too Good to Be True" Offers
Advertisements promising 95-100% of spot price for scrap gold. Once you arrive, they find "defects" and dramatically lower the offer. Realistic offers are 70-85% for scrap gold.
- ✗ No physical address or location
- ✗ Only mobile number, no landline
- ✗ No online reviews or all negative reviews
- ✗ Pressure to decide immediately
- ✗ Won't provide written valuation
- ✗ Test gold in private, away from you
- ✗ No receipt or documentation provided
- ✗ Refuse to return gold if you decline offer
- ✗ Advertise "highest prices guaranteed"
- ✗ Request payment before valuation
- ✓ Registered business address visible
- ✓ Established presence (5+ years)
- ✓ Positive verified reviews online
- ✓ Allow time to consider offer
- ✓ Provide written, itemized valuation
- ✓ Test gold in front of you
- ✓ Give detailed receipt with terms
- ✓ Return items immediately if declined
- ✓ Clear pricing methodology explained
- ✓ No upfront fees or charges
1. Research the Company
Check Companies House (gov.uk/government/organisations/companies-house) to verify registration. Look for reviews on Trustpilot, Google, and Facebook. Avoid companies with no digital footprint.
2. Get Multiple Quotes
Contact at least 3 dealers for valuations. Use our calculator to know the approximate value beforehand. If one offer is significantly lower, ask why.
3. Verify Physical Location
Visit the shop in person if possible. Check that the address matches their website and Companies House listing. Avoid dealers operating from residential addresses or temporary locations.
4. Watch the Testing Process
Insist on being present during weighing and purity testing. Ask them to explain their testing method. Record the weight on your phone. If they refuse, leave immediately.
5. Get Everything in Writing
Demand a written valuation showing: item description, weight, purity (9ct, 18ct, etc.), price per gram, total offer, and company details. Never accept a verbal-only offer.
6. Use Secure Payment Methods
For in-person sales, cash is safest. For postal, bank transfer only - never Western Union, MoneyGram, or cryptocurrency. Keep all receipts and transaction records.
What to Do If You've Been Scammed
Action Fraud is the UK's national reporting center for fraud and cybercrime.
- Online: actionfraud.police.uk
- Phone: 0300 123 2040
- Open: 8am-8pm, 7 days a week
You'll receive a crime reference number which you can use for insurance claims or legal action.
If you've made a payment, contact your bank immediately:
- • Report the fraudulent transaction
- • Request a chargeback (card payments)
- • Bank transfer scams may be recoverable
- • Freeze accounts if details were shared
The sooner you report, the better chance of recovery.
Citizens Advice Consumer Service can help:
- Phone: 0808 223 1133
- Online: citizensadvice.org.uk
They can provide advice on your rights and may refer the case to Trading Standards for investigation.
Warn others by posting detailed reviews:
- • Google Reviews
- • Trustpilot
- • Consumer forums
Include facts only - company name, what happened, dates. Avoid defamatory language.
The best defense against cash for gold scams is using verified, reputable dealers with established track records. Our directory features 242+ dealers who have been verified for legitimacy. Always get multiple quotes, watch the testing process, and never feel pressured to sell immediately. If something feels wrong, trust your instincts and walk away.
Find Cash For Gold Dealers Near You
242+ verified UK dealers offering cash for gold services
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Cash For Gold UK - FAQs
Many UK cash for gold companies offer instant payment including high-street pawnbrokers and local gold dealers. For postal services, payment is typically made within 24-48 hours of receiving your gold. Always use verified dealers and get multiple quotes.
Cash for gold UK companies typically pay 70-85% of the spot gold price for scrap gold. The exact percentage depends on purity, weight, condition, and the dealer's margins. Always get multiple quotes - prices can vary significantly.
Yes, when using reputable, verified dealers. Look for companies with physical addresses, clear pricing policies, and positive reviews. In-person transactions at established shops are generally safest. Our directory only lists verified dealers.