How Selling Gold Back to Tavex Works: A Step-by-Step Guide

Whether you are looking to sell gold coins you have held for years or simply want to take advantage of a surge in the gold price, knowing exactly how the process works makes a significant difference. UK investors selling bullion face a wide range of options, from high street pawnbrokers to online auction sites. Choosing a specialist bullion dealer is consistently the safest and most profitable route, and understanding the process in advance means no surprises on the day.

This guide walks you through every stage of selling gold and silver back to Tavex, from checking eligibility and getting a quote to verification, payout, and everything in between. You can also visit our dedicated sell gold and silver page for a full overview of what we accept and how the process works.

What Gold and Silver Does Tavex Buy Back?

Tavex buys back most worldwide bullion coins and bars. This includes internationally recognised products such as 

• Gold Britannias produced by The Royal Mint
• Gold Sovereigns including historical issues from Queen Victoria, King George V, and King Charles III
• South African Krugerrands
• Canadian Gold Maple Leafs
• Gold bars from LBMA-accredited refiners including Valcambi and PAMP Suisse
• Silver Britannias and other silver bullion coins and bars

It does not matter whether you originally purchased your metals from Tavex or another dealer. We are happy to buy back precious metals regardless of their origin. If a product does not appear on our buyback price list, there is a good chance we do not catalogue it, though our team can advise and may still purchase it at a reduced rate. If items are not suitable for resale we reserve the right to purchase at the prices advertised.

Even items with minor cosmetic blemishes retain their intrinsic metal value. We will still purchase them, though the premium may vary compared to items in pristine condition.

Getting a Quote: How Tavex Buyback Pricing Works

Getting an accurate quote is straightforward. All of our buy prices are available online at tavexbullion.co.uk, and our investment calculator lets you enter the details of your product to get a rough price estimate instantly.

You can also get a personal valuation by contacting our team directly by phone on 020 4541 4145 or by email at tavex@tavexbullion.co.uk. Our precious metals experts are available to give you a quote in person at our Hatton Garden office, over the phone, or by email.

One important point to understand: the price is fixed once we have received and assessed your items, not at the point of browsing or requesting a quote. Because gold and silver prices move in real time, this protects both parties and ensures the rate you receive reflects the live market at the moment of transaction.

Because of our significant trading volume and established global supply chain, working directly with refiners including Valcambi, PAMP Suisse, The Royal Mint, Munze Osterreich, and Perth Mint, Tavex is able to offer highly competitive buyback rates. Comparing Tavex with local jewellers or pawnbrokers typically reveals a meaningful difference. Local buyers factor in higher overheads and wider margins, which reduces the amount you receive. Going directly to a specialist cuts out the intermediary.

Two Ways to Sell: In Store or By Post

Visiting Tavex in Hatton Garden

For those who prefer a face-to-face transaction, visiting our office at 110 Hatton Garden, London EC1N 8LY is the most direct option. You can bring your bullion in person, have it assessed on the spot, and receive payment immediately once verification is complete. To arrange a visit, contact us in advance by email at tavex@tavexbullion.co.uk or by phone on 020 4541 4145 to let us know your preferred time.

Selling by Post

For customers outside London, selling by post is a secure and widely used alternative. Tavex recommends using Royal Mail Signed For to send your items. When you dispatch your package, send us the tracking number by email so we can monitor its arrival.

When your items arrive, we will send you a pro forma invoice. You will need to enclose a completed form with your parcel, or alternatively email us the required details when you send the tracking number. Details of what is required are available on our sell page.

Practical tips for posting your bullion safely:

• Wrap coins and bars in bubble wrap so they do not move or make noise during transit
• Use sturdy double packaging, either two envelopes or a padded envelope inside a box
• Never write the words gold, silver, bullion, or jewellery anywhere on the exterior of the package
• Keep your proof of postage and tracking number until payment is confirmed

ID Requirements and AML Compliance

As a regulated precious metals dealer, Tavex is required to comply with UK anti-money laundering legislation. In practice this means that for certain transactions, particularly those above specific thresholds, we may request additional documentation before processing your sale.

Depending on the value and nature of your transaction, we may ask for some or all of the following:

• Photographic identification such as a valid passport or UK photocard driving licence
• Proof of address such as a recent utility bill, council tax statement, or bank statement dated within the last three months. Mobile phone bills are generally not accepted.
• Bank details showing the account number and sort code where you would like payment sent

For smaller transactions you may find that none of this is required. Our team will let you know exactly what is needed once they have reviewed the details of your sale. 

The Verification Process

Once your items arrive at our Hatton Garden office or are handed over in person, our team carries out a thorough verification process. Tavex uses non-destructive testing methods throughout, meaning your coins and bars will not be scratched, drilled, or damaged in any way.

The verification process includes:

• Precision scales to verify the exact weight to a fraction of a gram
• Ultrasonic thickness gauges to confirm that the density of the metal is consistent throughout
• X-ray fluorescence spectrometers, commonly known as XRF, to confirm the precise elemental composition and purity of the metal

This scientific approach ensures absolute accuracy and guarantees you are paid precisely what your metal is worth. It also protects you as the seller by providing an objective, instrument-based assessment rather than a subjective visual one.

How You Receive Payment

Once verification is complete and both parties are happy with the price, payment is processed quickly. For the majority of customers, bank transfer is the preferred method. Payments are generally initiated on the same working day, and through the UK Faster Payments system, funds typically arrive within hours.

Cash payment is also available in some circumstances, subject to regulatory limits. Due to AML regulations and internal security policies, cash payouts are capped. We recommend contacting our team directly to confirm the current cash limit and what applies to your specific transaction before visiting.

Speak To Our Team

Capital Gains Tax: What Sellers Need to Know

Before you sell, it is worth understanding your tax position. Capital Gains Tax is a tax on profit made when you sell an asset that has increased in value. The annual CGT allowance for the 2026/27 tax year is £3,000, meaning gains up to this amount are not taxable.

However, not all gold and silver products are subject to CGT. All coins produced by The Royal Mint that qualify as British legal tender are completely exempt from Capital Gains Tax. This includes Gold Britannias, Gold Sovereigns, and Silver Britannias. Any profit you make on these coins, regardless of size, is not taxable.

Gold bars and non-UK bullion coins such as Krugerrands and Canadian Maple Leafs are chargeable assets. Any profit above the £3,000 annual allowance is subject to CGT at 18% for basic-rate taxpayers or 24% for higher-rate taxpayers. 

This article is for informational purposes only and does not constitute tax advice. We recommend speaking with a qualified adviser regarding your personal tax position.

Frequently Asked Questions

Can I sell gold I did not buy from Tavex?

Yes. Tavex buys back most worldwide bullion coins and bars regardless of where they were originally purchased.

How long does payment take?

Once verification is complete, bank transfers are typically initiated on the same working day and clear within hours via the UK Faster Payments system.

What happens if Tavex does not list my product?

If your product does not appear on our buyback price list, contact our team directly. We may still be able to purchase it, though it may be at a reduced rate.

Do I need an appointment to sell in person?

We recommend contacting us in advance by email at tavex@tavexbullion.co.uk or by phone on 020 4541 4145 to arrange a convenient time.

Is there a minimum amount I can sell?

Contact our team directly for guidance on minimum transaction values for your specific product.