What do cash converters pay for c?

Cash Converters does not publish a fixed national rate for 9-carat (9ct) gold. Instead, the amount they pay depends on:

• The current gold market price on the day.
• The weight of your item.
• The purity (9ct gold is 37.5% pure gold).
• Whether the item is jewellery, scrap gold, coins, or bullion.
• The individual store’s buying policy. (Cash Converters UK)

How much do they typically pay?

Although Cash Converters does not publicly list exact buying rates, industry comparisons suggest that pawn shops and second-hand dealers often pay around 40–55% of the spot value of the gold. Specialist gold buyers generally pay more. (goldbuyercheck.co.uk)

Example Calculation

Suppose:

• You have a 9ct gold chain weighing 10 grams.
• A specialist gold buyer is paying about £37–39 per gram for 9ct gold. (Cashbrokers)

The theoretical scrap value might be:

• 10 g × £37 = approximately £370

A pawn-type buyer such as Cash Converters might offer significantly less than that, depending on local conditions and resale prospects. (goldbuyercheck.co.uk)

Why the offer may seem low

When Cash Converters buys gold, they must cover:

• Testing and valuation costs.
• Business overheads.
• Refining costs (if sold as scrap).
• Risk of price fluctuations.
• Profit margin.

Because of these factors, their offer is usually below the full melt value of the gold. (goldbuyercheck.co.uk)

How to estimate your gold’s value

For 9ct gold:

1. Weigh the item in grams.
2. Check the current 9ct gold price per gram.
3. Multiply weight × current rate.
4. Expect a buyer’s offer to be lower than the full scrap value.

For example:

Using these figures, a Cash Converters offer may be noticeably below the scrap value because they are buying for resale or refining rather than paying full market value. (Cashbrokers)

If you want the highest payment

Generally, specialist gold dealers and refiners tend to pay more for scrap gold than pawn shops or second-hand stores. Cash Converters is often chosen for convenience and immediate payment rather than the absolute highest payout. (goldbuyercheck.co.uk)