What a pawnbroker offers for gold.

[MickB]

I took this photo today as I was surprised at what this pawnbroker was offering for a full sovereign, whilst I was walking by. The gold price average today is £970 an ounce and £31.18 per gram for 24 carat.

They were selling sovereigns at a reasonable price as it goes, although much cheaper elsewhere, especially on this forum.

As and when the gold price changes and I see one of these signs again I'll post them on here just for reference.

[richatthecroft]

I would give them a tenner profit on every Sovereign they buy ?

[OlliesSilverBars]

They're paying 73% spot, which I'd say for high street jewellers/pawnbroker is about right. Often these shops will have sovereigns up for silly money, more than bullionbypost! 

[zeusss4]

Shocking price for sovs. My local jewellers pays £214 when I was in last weekend 

[greendragon]

just remind me again......they have to have extensive checks before getting a pawn brokers license to prove they are NOT crooks, right?

[zeusss4]

Just been on the website and it's actually 216 and 108 for a half. 

[MickB]

9 minutes ago, OlliesSilverBars said:

They're paying 73% spot, which I'd say for high street jewellers/pawnbroker is about right. Often these shops will have sovereigns up for silly money, more than bullionbypost! 

The dearest sovereign for sale was a young head Victoria at £300 and the rest were around £250

[dutchman]

1 hour ago, zeusss4 said:

Just been on the website and it's actually 216 and 108 for a half. 

Sold 2 sovereigns last week to Atkinsons wanted quick sale paid me £451 for them 

[BackyardBullion]

2 minutes ago, dutchman said:

Sold 2 sovereigns last week to Atkinsons wanted quick sale paid me £451 for them 

98% of spot - great rate and good to hear. 

[dutchman]

1 minute ago, BackyardBullion said:

98% of spot - great rate and good to hear. 

Thanks i watched the price rise as the pound dropped and then sold online  to them at the right time price has dropped a bit since then i think

[sovereignsteve]

On 05/06/2018 at 20:54, dutchman said:

Sold 2 sovereigns last week to Atkinsons wanted quick sale paid me £451 for them 

Chards were giving 100% recently, not sure if they are now.

 

btw just saying, in case anyone would accuse me of a**e-licking.

[dutchman]

9 minutes ago, sovereignsteve said:

Chards were giving 100% recently, not sure if they are now.

 

btw just saying, in case anyone would accuse me of a**e-licking.

Thanks for that info i will check them out as i might be selling a few more soon

[Pete]

On 06/06/2018 at 23:16, dutchman said:

Thanks for that info i will check them out as i might be selling a few more soon

Out of curiosity - would you not consider selling on this forum ?
I am sure you would find several buyers keen to buy at this price.

[Oystonousted]

On 06/06/2018 at 23:05, sovereignsteve said:

Chards were giving 100% recently, not sure if they are now.

 

btw just saying, in case anyone would accuse me of a**e-licking.

Offered me 90% of spot for a 1/4oz Proof Gold maple. COA but no box. Said would be difficult to shift.

[sovereignsteve]

55 minutes ago, Oystonout said:

Offered me 90% of spot for a 1/4oz Proof Gold maple. COA but no box. Said would be difficult to shift.

was specifically referring to sovereigns

[Oystonousted]

1 hour ago, sovereignsteve said:

was specifically referring to sovereigns

Ah sorry 

[Amazing]

Why would anyone ever sell their gold to a pawnbroker? It's such a scam.

[silversky]

6 hours ago, Amazing said:

Why would anyone ever sell their gold to a pawnbroker? It's such a scam.

I suspect that quite a few are not actually selling "their" gold at a pawnbroker.

[Amazing]

14 minutes ago, silversky said:

I suspect that quite a few are not actually selling "their" gold at a pawnbroker.

"their stolen gold"? ?. 

[ilovesilverireallydo]

On 05/06/2018 at 18:59, zeusss4 said:

Shocking price for sovs. My local jewellers pays £214 when I was in last weekend 

Mine pays spot...

[ilovesilverireallydo]

On 08/06/2018 at 18:36, Pete said:

Out of curiosity - would you not consider selling on this forum ?

He does - often - have had a couple.