Selling gold



We are happy to buy back any gold or silver bullion or gold grams bullion that we have supplied, at the very best rates in the market. Unlike many of our competitors, we supply 'physical' LBMA gold bars and coins, of the highest purity, which are accepted by the global bullion markets. In addition to our buy back guarantee, our 'segregated' gold facility and delivery on demand service gives you the freedom to sell your gold to anyone you chose.

We offer 98% of the spot price for gold, based on the spot price at the time the buy-back is confirmed by us (which must be within normal trading hours). For gold not in our storage, buy back rates are only guaranteed after the gold has been received by us and tested for purity.

Buy Back Process

If your gold bullion is stored in our vault we can confirm the sell price straight away and generally transfer the funds into your GoldMadeSimple account by the next working day.

In order to sell your bullion back to GoldMadeSimple:-

  1. Log in to your account

  2. Select 'My Gold' from the menu

  3. Click 'Sell Gold' on the right of the item of bullion you wish to sell

  4. You will be guided through the process by instructions on screen and emails.

  5. If your Gold is held in our storage facilities, no more action is required by you - if your gold has been delivered to you, you will need to return it to us for testing and condition checks, before the buy back rate can be confirmed.


Bullion in Our Storage facilities

We can confirm a buy back price for bullion in our storage facilities and once accepted by you, we can fix the buy back rate and transfer the funds into your Gold Made Simple accouint immediately. Transfers from your GoldMadeSimple account to your bank account are generally completed within 2 working days.

Bullion Delivered To You

We highly recommend that you send your gold by Royal Mail next day special delivery to ensure a quick and secure delivery. Please note that Royal Mail will insure you for goods worth up to £2,500, for a small fee.   As soon as we receive and check the gold we will notify you via email to confirm a price and then transfer the funds into your account by the next working day.

If you have had your gold bullion delivered you will need to send your gold back to us. Once we receive the gold, we will examine the gold bullion and confirm a price based on the condition of the gold bullion and the current spot price. The 98% buy back rate will be reduced if the bars or coins are damaged or need remanufacturing.

This is why most clients prefer to keep their bullion in our storage facility instead of requesting delivery.


Advantage of Storage over Delivery

By having gold stored by us instead of delivered to you, you benefit by:-

  1. guaranteed buy back rate of 98%, without any risk of deductions for marks / wear and tear
  2. the buy back spot price can be fixed, without waiting for the gold to arrive and be tested by us
  3. you avoid the costs, insurance issues, time delay and hassle of returing the bullion to us

 


Gold Bars Weight (g) Current sell price (£)
QE2 Gold Sovereign Coin - Mixed Years Tax Free 7.32g
£221.28
10 Gold Sovereigns - Mixed Years Tax Free 7.32g
£2,212.85
2017 Gold Sovereign Coin - CGT Tax Free 7.32g
£221.28
10 x 2017 Gold Sovereign Coins Tax free 7.32g
£2,212.85
500 QE2 2017 Gold Sovereign Coins Tax Free 7.32g
£110,642.46
Britannia Gold 1oz - Tax Free 31.10g
£940.04
Britannia Gold 1 oz - Tax Free x 10 31.10g
£9,400.39
Britannia Gold 1 oz - Tax Free x 100 31.10g
£94,003.86
2017 Britannia Gold 1 oz - Tax Free x 10 31.10g
£9,400.39
2017 Britannia Gold 1 oz - Tax Free x 100 31.10g
£94,003.86
1 oz Krugerrand gold coin 31.10g
£940.04
10 x 1 oz Krugerrand Gold Coins 31.10g
£9,400.38
1 oz Maple Leaf gold coin 31.10g
£940.04
10 x 1oz Maple Leaf Gold Coins 31.10g
£9,400.39
1 oz Australian Kangaroo gold coin 31.10g
£940.04
10 x 1 oz Australian Kangaroo Gold Coins 31.10g
£9,400.39
100g gold bar | SIPP Pension Approved 100.00g
£3,022.29
1oz gold bar | SIPP Pension Approved 31.10g
£940.04
1 kilo gold bar | SIPP Pension Approved 1,000.00g
£30,222.92
250g gold bar | SIPP Pension Approved 250.00g
£7,555.73
500g gold bar | SIPP Pension Approved 500.00g
£15,111.46
12.5 kilo gold bar | SIPP Pension Approved 12,500.00g
£377,786.49