Selling Gold & Silver
Sometimes it isn't financially worth putting gold and silver items through auction because the main value of the piece(s) is in the weight of the precious metal it is made from. It can be tough to see a piece in this way, particularly if it has been with you along your journey through life, or if it was a gift or inheritance from a loved one.
Considering the commissions charged to both the seller and buyer at auction, you're effectively losing your money by selling this way. Most auction houses will charge you around 15% + VAT to sell your item and they'll also charge the buyer around 20-25% + VAT to buy your item, making a total of 42-48% of the value of the item paid out in fees. By choosing to sell through us, you'll save around 30-35% in fees compared to selling at most auctions.
For example, we would not even accept a standard gold sovereign with a non-rare date, nor a non-rare mint, for auction as this is never in the consignor's best interests.
If you do decide that you do want to sell this way, we will pass you on to our partner Scottish Antiques (The Hoard Ltd) who can offer you unbeatable prices for gold, silver and other precious metals, based on their weight. If you agree, they will issue you with a receipt, and pay you by bank transfer.