Should You Sell Gold as Scrap?

A good percentage of gold does not neccessarily need to be classed as scrap. 

We are often sold the idea via news articles, online offers and  'cash for gold' TV adverts (seen especially during the credit crunch of 2008) that the only option is to sell our gold items as scrap.

This, in Vernon's opinion, does not always have to be the case, there will always be a percentage of gold that would be classed as scrap i.e. wedding bands, morning rings, damaged or soldered pieces etc, However, a good portion of gold can be sold as items above gold scrap value as there are always collectors/buyers wishing to purchase gold items such as:  gold bracelets, brooches, gold necklaces, gold coins, gold cigarette boxes, gold wristwatches, pocket watches, bank collections, gold sovereigns and etc..

For all all gold valuations and sales advice contact Vernon Ward.

(+44) 01273 502 097

Contact Vernon

50 Years Experience

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Gold effects fine sale

My gold goblet and other gold jewelers was classed as scrap. However after visiting Vernon he achieved fine prices as individual items from collectors he sourced, and secured far above other quotes. Excellent conclusion for me, and sales concluded privately confidentially. Would recommend without question.

Tim S - 22 May 2019

Excellent prices received for our vintage gold and jewellery.

After getting 2 independent valuations for our gold jewellery we contacted Vernon who achieved far higher prices than the scrap values we were offered and more to the point they were sold as items of jewellery to his collectors. A far better result for myself and my family as we did not want them scrapped. And thanks to Vernon they weren’t. Excellent service and highly recommend.

Lisa S - June 2018

The valuations and prices we received were above other jewellers’ offers & the execution of the sale was faultless

I have already posted a review of the excellent service Vernon offers elsewhere but what I did not mention, which is very pertinent in these days of Coronavirus, is that transactions have been done purely by post. Post the items to him and Vernon will catalogue, estimate their value and post all the documentation, as he did with us including the contract of sale and sale notice. He then sent the cash through the post. It was a first for me as I did not realise that valuables by post, including cash, are insured for £2,500 and can be increased up to £10,000. As I have said before Vernon offers a fabulous service, now even more relevant in these troubled times

Adrian Wimbush - April 2020

Thank you Vernon for all your hard work

After a telephone call I made arrangements to go to Vernons property. I was very welcomed in. Proof of ownership was requested which in my case was my passport which was scrutinised and quite rightly so, for the valuation and sale of my Family gold and gold diamond jewellery etc. Vernons office was extremely relaxed and Covid regulations was strictly upheld. Unlike the other jewellers I had asked. It looked like the only value was in the gold content. Vernon took a different stance on this And I am overjoyed that 80% was sold as articles and considering they were unwanted family pieces, it’s so nice to know that others will appreciate them. He’s whole approach of a true professional and keeping me informed throughout the 10 day Selling period was exceptional and I returned to him for further business of other old jewellery and inherited silverware. It was well worth the trip from the Isle of Sheppey. So thank you Vernon for all your hard work, I just wish I had more for you. Excellent choice. Excellent service.

Lea Seaton, Isle of Sheppey - August 2020

All too quickly gold jewellery be it modern, Edwardian, Victorian or even Georgian jewellery is often classed as scrap and is sometimes sold to make 'bespoke' jewellery or just destined for the melting pot.

Vernon finds this approach rather sad as it ruins the heritage of old pieces of jewellery. Many clients have instructed Vernon to sell their unwanted gold jewellery and were delighted to know their inherited gold pieces were sold as items of jewellery, knowing the next person would appreciate and receive enjoyment in wearing or keeping the item in their collection.

When all said and done there is more than enough spare gold languishing in a plethora of gold vaults and gold bullion departments, which is why Vernon believes we should cherish and try to protect our heritage and be custodians for the next generation - not everyone likes the modern look.



For all all gold valuations and sales advice contact Vernon Ward.

(+44) 01273 502 097

Contact Vernon