How much do cash for gold companies pay in the UK? Compare dealers offering same-day cash payments for your gold jewellery, coins & bullion. Use our calculator to check the real value, get multiple quotes, and choose the best offer.
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.
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.
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.
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.
Report Fraud is the UK's national reporting centre for fraud and cybercrime. It replaced Action Fraud on 4 December 2025.
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:
The sooner you report, the better chance of recovery.
Citizens Advice Consumer Service can help:
They can provide advice on your rights and may refer the case to Trading Standards for investigation.
Warn others by posting detailed reviews:
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 190+ 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.
Insured postal kit · no-obligation valuation · paid same-day
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190+ verified UK dealers offering cash for gold services
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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.
Founder & Market Researcher
Taro has been actively investing in precious metals and financial markets for over 15 years. Frustrated by the lack of transparent, accurate gold pricing information in the UK, he built London Gold Exchange as a data-driven resource for fellow investors. The site combines real-time market data, verified dealer information from 190+ UK businesses, and insights drawn from years of hands-on experience in the gold market.
