Precious metals melting service
Scrap Purchasing Services
Gerrards provides scrap purchasing services to the trade and the public from our Hatton Garden premises for over 30 years. We provide a reliable, fast and efficient service with best prices paid and no hidden charges.
Additional Informations
1 What types of scrap do we purchase?
Gerrards buy precious metal scrap in virtually any form, including:
- Gold, Silver, Platinum, Palladium, Rhodium and other PGMs
- Live jewellery scrap and assayed precious metal ingots (bars)
- Investment bars and coins
- Jewellery, lemels, sweeps and scrap requiring melt and assay
- Stone sets jewellery for stone reclamation
- Dental scrap, lemels and sweeps
- Ores, dore bars, nuggets and alluvial
- Job lots, end of lines and retailers redundant stock
- Platinum group metals, scrap and residues
- Powders in various forms (catalytic converter, de-canned)
2 How long does it take?
- Clean and hallmarked scrap: Same or next day
- Assayed bars: Same or next day
- Lemels and melts: 3 to 5 working days
- Sweeps: 7 to 10 working days
3 What are the payment options?
We offer the following payment options:
- BACS
- FPS (£5.00 charge, for amounts up to £100,000)
- CHAPS (£23.00 charge, unlimited amount)
- Cash
- Cheque
- Return of fine precious metal
- Metal account transfer
- Exchange with our range of semi-fabricated products, second hand and new goods
Our Charges and Fees
1 Melt & Assay prices
| Au melt & assay up to 1 kilo | from £50.00. Between 1 kilo and 5 kilo £66, additional assays Ag £27.50, additional Pt and or Pd assays £33 each |
| Ag melt and assay up to 1 kilo | from £50.00. Between 1 kilo and 5 kilo £66 |
| Pt melt and assay | from £173.00 |
| Pd melt and assay | from £173.00 |
2 Sweeps recovery prices
| Au sweep treatment charge £6.50 per kilo | minimum charge £65 including a gold assay, additional Ag £40, additional Pt and or Pd £37 each |
| Ag sweep treatment charge £6.50 per kilo | minimum charge £65 including a silver assay, additional Pt and or Pd £37 each |
| Gold leaf type materials treatment charge £6.5 per kilo | minimum charge £90 including a gold assay, additional Ag £40, additional Pt and or Pd £37 each |
3 Delivery Charges
| Special Delivery per Parcel insured to £2,500 | from £10.00 |
Payments methods available
BACS, CHAPS, FPS, Cheques or Cash
We offer various ways of payments to convert your precious metals easily. These include BACS, CHAPS, FPS, Cheques and Cash.
Fine Precious Metals
With us easily, you have the possibility to change your scrap gold to any bullion product, such as gold grains, bars or coins.
See our bullion products →
Metal Account Transfer
You can open a fine precious metal account with us and deal directly without the need of holding the physical bullion.
Contact us to open an account →Complementary services
Stone reclamation service
We offer a precious stone recovery service for trade customers. As a professional, you may encounter the issue of recovering precious stones from jewellery lots.
At Gerrards, we use a specific solution that removes precious stones from jewellery lots without damaging them.
Diamond ReclamationPrecious Metals Assay
An assay analysis aims to determine as accurately as possible the percentage of gold, silver, platinum or other precious metal content in each ingot after melting.
Gerrards uses an independent, government approved laboratory for all assays. This ensures transparency and fairness to our clients. No jobs are settled until the customer has agreed their results.
Why choose Gerrards Bullion?
With 50 years experience, we aim to give our clients a consistent, reliable and quality service at a fair and reasonable price.
Deposit in advance
To help our customers with their cash flow, we can arrange deposits against goods received for processing.
Price Fixing
You can choose to fix your metals on the London Fix or on our Live Metals trading prices.
Diamond Recovery
Should you wish to recover precious stones from your materials, we offer a reclamation service.
Secure Premises
Our secure premises and parking creates the best dealing environment.
Price Transparency
All our prices are the same, regardless of whether your items are hallmarked or not.
Nationwide Logistics
For our business customers, we offer insured collection & delivery up to £100,000 value of goods and cash drop services.
