Scrap / Precious Metals
Sell Your Gold, Silver & Platinum
At Preloved Gold, we specialise in purchasing all types of precious metals and are committed to offering competitive, market-based prices for your items. Whether you are selling a single piece or a larger collection, we provide a professional and efficient appraisal process designed to deliver accurate valuations and fast payment.
What We Buy
Preloved Gold purchases a wide range of precious metal items, including gold, silver, and platinum in various forms.
We accept:
- Solid gold items of all types
- Gold-filled items (where applicable)
- Silver items across most grades
- Platinum items
- Jewellery, bullion, coins, and scrap precious metals
Please note that we do not purchase gold-plated or silver-plated items.
Our team is experienced in assessing all forms of precious metals. If you are unsure about your item, our specialists will test and identify its composition and provide a clear, obligation-free valuation.
How to Identify Precious Metals
Hallmarks and Stamps
Hallmarks are official stamps used to indicate the purity and authenticity of precious metals such as gold, silver, and platinum. These markings can also provide additional information, including manufacturer details, country of origin, and sometimes production date.
Common hallmark locations include:
- Rings: inside the band
- Necklaces and chains: near the clasp
- Coins: typically on the face or reverse
Purity is often indicated using karat markings (e.g. 9K, 14K, 18K, 22K, 24K) or numeric stamps such as 375, 585, 750, and 999. A magnifying glass may assist in clearly viewing small markings.
Simple Magnet Test
A basic magnet test can sometimes help indicate whether an item contains precious metal. Gold, silver, and platinum are not magnetic. If an item is attracted to a magnet, it is unlikely to be solid precious metal and may instead be a base metal or plated item.
However, this is not a definitive test, as some non-precious metals are also non-magnetic. For this reason, professional testing is always recommended for accurate results.
Understanding Purity
The value of precious metals is largely determined by purity and weight. Higher purity generally results in higher value.
For example:
- 24K gold is considered pure gold
- 18K gold contains 75% gold
- 14K gold contains 58.5% gold
- 9K gold contains 37.5% gold
In some cases, markings such as “GF” indicate gold-filled items, which contain a measurable layer of gold bonded to a base metal.
Professional Testing & Appraisal
If you are unable to identify hallmarks or are uncertain about the composition of your items, Preloved Gold can assist. Our trained professionals use industry-standard testing methods to accurately determine metal content and provide a fair, transparent valuation.
All assessments are conducted quickly, securely, and with no obligation to sell.
Sell with Confidence
Preloved Gold makes selling precious metals straightforward and secure. Our goal is to ensure you receive an accurate valuation based on current market prices, with a simple and professional process from start to finish.
To begin your appraisal, simply contact our team and we will guide you through the next steps.