Sending your gold in the post is a popular method of selling scrap gold in the UK to online gold buyers. The process is simple, you request a free gold pack from a gold dealer (usually via a form embedded on their website), receive a prepaid envelope, send your items, and then wait for a valuation and payment offer. While this is an attractive method of cashing in your gold, there are some risks and considerations to keep in mind.
One of the main risks is the potential for loss or damage of your item in transit. If you are planning to sell your item for scrap gold prices, the damage will not impact the offer as the valuation is based on the weight of the item and its gold purity, so condition will not be considered. However, if you are not satisfied with your offer and want the item returning to you, it may no longer be usable. To combat this problem, most online gold buyers offer insurance on their prepaid envelopes, but the coverage value limits vary widely. A lot of gold buyers will only insure the prepaid envelope up to £750. Any additional insurance you would need to pay for yourself at the post office, with the maximum cover you can buy with Royal Mail being £2,500. At Cheshire Gold Xchange, we offer customers the option of choosing whether they want Special Delivery Guaranteed® insurance at £750, £1,000, or £2,500 when ordering their pack at no extra charge. If your items exceed the insured amount, you might need to request multiple packs or contact the cash for gold business to request additional cover.
Although insurance is in place, the time it takes to process a claim with Royal Mail can be lengthy and may be a nuisance for some. To combat any potential for damage, we provide a padded envelope inside our gold packs so your jewellery, bullion, and other items are protected in transit. We also provide unmarked mailing bags to avoid drawing unwanted attention to their contents.
It’s important to note that while losses can happen, the Royal Mail Special Delivery Guaranteed® service is one of the most reliable postage services in the UK, with very small loss rates over a huge volume of postage handled. While there is a small risk, insurance cover is in place, and this can be a small downside to a service that can provide a lot of upside.
Selling your scrap gold and bullion online can be an extremely convenient way of selling when you are not local to the gold buyer you wish to use. Be cautious about selling gold to gold buyers with PO Box addresses and no physical business address. We are located on the high street in Warrington and have been a service to the local areas for over 15 years.
Choosing a reputable gold buyer is one of the most important factors in this process. Established businesses with transparent policies and positive customer reviews are essential. Look for companies that clearly outline their insurance coverage and processing times. Some buyers also offer same-day payments once your gold is assessed.
If you feel uneasy about sending gold through the post, consider alternative methods. Bringing your gold to our store in Cheshire is still a very easy process, and we offer the same pricing as our online sellers. We are within easy driving distance of Liverpool, Chester, Manchester, Preston, Bolton, Stockport, Salford, Blackburn, and Wigan. Visiting a local gold dealer allows you to complete the transaction in person, get paid immediately, and potentially negotiate a better rate.
Sending gold in the post can be a safe and efficient way of selling gold if you check you are using a trusted gold buyer, have the appropriate insurance, package your items well, and check the transaction processing times. At Cheshire Gold Xchange, we provide a quick, efficient, and fully insured selling service for up to £2,500 cover. If you are looking for the best place to sell your gold online, choose Cheshire Gold Xchange.
Receive your prepaid, insured envelope to send your gold to us. Find out more visit Sell Gold Online
