CAN YOU SELL GOLD WITHOUT
A RECEIPT OR PROOF OF PURCHASE?

Do You Need a Receipt to Sell Gold in the UK?

Unlike many retail items, gold does not need a paper trail of receipts for it to be sold. This is because gold holds intrinsic value based on its weight and purity, not just ownership history. Whether you bought a chain 20 years ago, received a bracelet as a gift, or inherited coins from a relative, you can usually sell them without providing a receipt.

That said, professional gold buyers will still need to carry out checks to make sure:

• The gold is genuine.
• You are the rightful seller.
• The transaction complies with anti-money laundering (AML) regulations.

So, while receipts are not mandatory, you will still need to provide ID and go through a straightforward verification process.

What Identification Do You Need to Sell Gold?

Most reputable gold buyers and pawnbrokers require proof of identity before completing a sale. This is not about receipts but about confirming who you are. It helps prevent stolen goods from entering the market and ensures compliance with financial regulations.

You’ll usually need:

• Photo ID – e.g. passport, driving licence.
• Proof of address – e.g. a recent utility bill, bank statement, or council tax letter.

Some buyers may ask for both, while others are satisfied with one form of photographic ID. Always check ahead if you’re unsure.

Why Do Dealers Accept Gold Without Receipts?

Gold is a globally traded commodity. Its value lies in weight and purity, not in store receipts or packaging. A 22ct gold ring will be worth the same at melt value whether you have a receipt from a jeweller or not.

Dealers use professional testing methods such as acid tests, electronic analysers, or XRF machines to determine:

• Carat purity (9ct, 18ct, 22ct, 24ct, etc.).
• Weight in grams.
• Current gold market price.

This testing process makes receipts unnecessary. Even without paperwork, your gold’s worth can be objectively measured.

Selling Inherited or Gifted Gold

One of the most common scenarios for selling without receipts is when someone inherits gold or receives jewellery as a gift. In these cases, you may have no documentation at all.

The good news is this is perfectly normal. Gold buyers are accustomed to handling such sales. Just be prepared to provide ID and possibly sign a declaration confirming the items are yours to sell.

Can You Sell Broken Gold or Scrap Without Receipts?

Yes. In fact, scrap gold is rarely sold with receipts. Broken chains, single earrings, or worn-down bangles all still carry value. Buyers will melt these items down and pay you based on gold content.

Receipts don’t affect the process – authenticity, purity, and weight are what count.

The Law: UK Regulations Around Selling Gold

In the UK, the trade in second-hand gold is regulated under:

• The Scrap Metal Dealers Act 2013 – requiring dealers to verify seller identity.
• Money Laundering Regulations – ensuring dealers record high-value transactions and report suspicious activity.

What this means for you:

• You don’t need proof of purchase.
• You do need valid ID.
• Large transactions may be logged or reported (especially over €10,000 in value).

If you try to sell gold without showing ID, a reputable dealer will refuse the transaction.

Risks of Selling Without Receipts

While you can sell without proof of purchase, there are a few things to be mindful of:

• Stolen gold checks

  – If the item matches reports of stolen jewellery, a buyer may refuse it or even notify authorities.

• Resale value vs. melt value

  – Without receipts or certificates (e.g. for gold coins or bullion), you may only be offered melt value rather than full collector or resale value.

• Dealer trustworthiness

  – Some less reputable buyers may use the lack of paperwork as an excuse to offer lower prices. Always compare quotes.

 

Tips for Selling Gold Without a Receipt

If you’re ready to sell your gold but don’t have the paperwork, here are some practical tips to maximise your return:

1. Get multiple valuations

   – Don’t accept the first offer. Compare at least three buyers.

2. Check today’s gold price

   – gold prices change daily. Keep track so you know if you’re being offered fair value.

3. Choose a trusted dealer

   – Look for businesses with strong reviews, membership of trade associations, or high-street presence.

4. Weigh your gold beforehand

   – A kitchen scale won’t be exact, but it helps you estimate value.

5. Separate by carat if possible

   – Mixing 9ct and 18ct together may reduce the price you’re offered. This will also make it easier fir the buyer to see what you have.

6. Bring ID

   – Even without receipts, ID is essential.

 

Selling Gold Online Without Proof of Purchase

Online gold buyers have grown in popularity, offering postal services where you send your gold for valuation. These companies also do not require receipts. Instead, the process usually involves:

• Ordering a free postal pack.
• Sending in your items securely.
• Receiving a valuation.
• Accepting or rejecting the offer.

As with in-person sales, you’ll need to provide identification before payment is released.

Tip: Always check if the online dealer offers insured postage and free returns if you decline their offer.

 

Selling Gold Coins and Bullion Without Certificates

Receipts aren’t the only paperwork sellers worry about – many ask whether they need certificates of authenticity for coins or bullion.

• Bullion bars

  – It’s best to have an assay certificate, but not mandatory. Without one, you may only be paid at melt value.

• Coins (e.g. Sovereigns, Krugerrands)

  – Well-known gold coins can still be sold without certificates, though value may be slightly lower without proof of authenticity.

If you’re dealing with investment-grade gold, it’s always worth keeping any documentation for maximum resale value.

Frequently Asked Questions

1. Can I sell gold jewellery without proof of purchase in the UK?

   Yes. Receipts are not required, but ID is.

2. Will I get less money without a receipt?

   For scrap gold, no. For coins or bullion, possibly. Documentation can increase buyer confidence.

3. Can pawnbrokers buy gold without receipts?

   Yes, but they’ll ask for ID and carry out standard testing.

4. Is it legal to sell inherited gold without paperwork?

   Yes, as long as it is genuinely yours to sell.

5. Can I sell stolen gold without a receipt?

   No. If items are suspected to be stolen, the buyer is legally obliged to refuse and may contact police.

Key Takeaways

• You don’t need a receipt to sell gold in the UK.
• You will need ID for legal and anti-money laundering compliance.
• Receipts can help with certain items like bullion or coins, but they’re not mandatory.
• Choose a reputable buyer to ensure fair pricing and avoid scams.
• Always shop around before accepting an offer.

Selling gold without a receipt in the UK is completely possible and very common. Whether it’s old jewellery, scrap pieces, or inherited items, gold holds value regardless of paperwork. The most important thing is to work with a trusted dealer, bring valid ID, and make sure you understand the market price before agreeing to sell.

If you’re considering selling, remember: your gold’s value is in the metal itself, not in the receipt.