Sell Gold With Tesco Gold Exchange

Posted on August 26th, 2011 in Making Money by Stephanie

Sell Gold With Tesco Gold Exchange

Even though times are tough at the moment in the economy, the price of gold has been soaring and has been reaching record highs. So if you have some unwanted jewellery lying around, now really is the time to sell it!

There are so many cash for gold companies around on the internet as well as high street shops that will buy your unwanted gold so where do you start?? Having a browse on the internet last weekend I discovered that Tesco also has its own gold exchange website and pays substantially higher than other gold brokers. Tesco is a brand that we all know and trust (definitely is my no.1 choice for groceries!) so I was happy to trade in an unwanted necklace that had been sitting in my drawer for the past 10 years for £130 PLUS 130 Tesco clubcard points! Tesco gives 1 point for every £1 in value so it’s a great way to rack up some extra points to save up for that clubcard reward.

Selling gold on the Tesco gold exchange website is really easy, you just have to fill in your details on their website so that they can send you a pack for you to send your gold to them in. Then once you post the gold to them, Tesco will contact you with an offer price and bank the money into your bank account if you accept it. Tesco is currently offering £10.75 per 9 carat gram of gold compared to £7.81 per gram earlier this year so now could be a good time to sell or you could try waiting for a little while to see if the price rises even more. Tesco will buy all sorts of gold jewellery whether broken or old so start routing around for those odd gold earrings or broken watches!

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10 Comments »

Comment by John@Curry Spices
2011-08-28 18:54:46

This looks like a very interesting deal!

 
Comment by Barry Wheeler
2011-08-28 21:28:08

With gold at record prices, it’s amazing the number of people going out and sellng their “scrap” gold. It’s a wonder this industry is still heading upward given all the economic pressures surrounding the world’s economies right now.

 
2011-09-02 20:04:00

Great time making money selling gold. Price of gold has gone up crazy lately

 
Comment by Rich B
2011-09-02 23:29:08

Good old Tesco.. :) I don’t think there’s a pie they haven’t got their finger in. A friend of mine used their service, and they couldn’t get a better price than they offered.

 
2011-09-05 05:17:41

It appears Tesco Gold Exchange only recognise 9, 14, 18 and 22ct carat gold when making valuations. I’m not sure what would happen if you sent them some Asian 21ct gold – at a guess, it would probably be valued at the 18ct rate.

 
Comment by Rob Benwell
2011-09-05 14:25:39

Very nice idea. Thank you for sharing.I’ll start looking for scrap gold.

 
Comment by cash for gold
2011-09-26 12:20:37

Remember to only sell your gold if you are 100% happy with the price you are being offered and know the market.

 
Comment by ab tronic x2
2011-10-14 14:06:22

great post – is is possible to sell gold in tesco also somewhere else than in UK?

Comment by Stephanie
2011-10-20 11:35:57

Hi there, unfortunately you can only sell your gold with Tesco in the UK.

 
 
Comment by Ousta
2012-05-24 19:52:49

Remember silver is also a good prize at the moment

 
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