Although the weight of gold and silver is sometimes quoted in kilograms or grams, the official weight measurement to gauge the mass of precious metals is the troy ounce. One troy ounce (oz) equals 31.1034768 grams. Note that a troy ounce is not the same as an avoirdupois ounce (more commonly known as the kitchen ounce) which equals approximately 28.34 grams.
The purity of gold and silver is measured in millesimal fineness, which denotes the purity of the metal in parts per thousand. For example, the PAMP 100 gram gold bar contains a gold fineness of 999.9, which means that the bar is 99.99% pure gold. Another example, the $20 Double Eagle with a gross weight of 33.43624 grams contains a gold fineness of 900, which denotes a gold purity of 90% or 33.43 x 0.9 = 30.092 grams of pure gold.
In addition to fineness, the traditional purity measurement of gold is the karat (K). The highest karat rating is 24 and this equals or is greater than 99.9% pure gold. Gold jewellery in Europe most often contains a gold purity of 14 and 18 karats, which equals 14/24 = 58.3% and 18/24 = 75% pure gold respectively.
Since Tavex acts as both buyer and seller, we have quality requirements when purchasing products, as we want to sell our customers and product in a defensible state. Therefore, Tavex always reserves the right to refuse to purchase products at the stated purchase price in our webshop.
However, it should be pointed out that Tavex still buys all damaged gold / silver products, but it will be at a scrap price which is a little lower than the than the actual product price. To avoid damaging your products, we recommend that you keep your coins in the enclosed plastic capsules and do not break the packaging of the bars.
You can simply go to our store in Copenhagen and sell your items. Click here to see our opening hours. You can sell for cash (up to DKK 8,000) or receive a bank transfer. For bank transfer, we charge a standard fee of DKK 100 and DKK 300 will be charged for an instant transfer (not possible for international transfers). A valid photo ID (passport, EU/EEA driver’s license, EU/EEA residence permit, Danish municipally ID card +18 years) must be brought.
When selling large quantities (for approximately DKK 20,000 and more) we recommend that you contact us in advance so that we can make an appointment.
It is also possible to send investment gold to us. The products must be packed in a proper manner to avoid damage during transportation. Send as a value package with distribution to our address. Please attach a document with your contact information and account numbers (IBAN and Danish account and registration number), as well as a scan of a valid photo ID (passport, EU/EEA driver’s license, EU/EEA residence permit, Danish municipally ID card +18 years). Please contact us before sending the package. As soon as we receive the package, you will receive an offer based on the current gold price. If you do not wish to accept the offer, the package will be sent back to you at your expense.
Tavex reserves the right to test the gold in the manner we deem necessary before the product is finally purchased. This can be, for example, cutting a gold bar to check its contents or weighing, measuring and listening to a coin.
You must contact our store in Copenhagen if you want to sell scrap gold and silver. You cannot mail your items. Click here to see our opening hours. Remember to bring a valid photo ID (passport, EU/EEA driver’s license, EU/EEA residence permit, Danish municipally ID card +18 years) and “yellow card” (health insurance certificate). We can pay cash (up to DKK 8,000). At DKK 8,000 or more, payment is made by bank transfer. Here, a standard fee of DKK 100 is taken. When selling large quantities (more than 20 items or for more than DKK 20,000) we recommend that you contact us in advance so that we can make an appointment.
Tavex reserves the right to test the gold in the manner we deem necessary before the product is finally purchased. For example, massive gold chains may be cut in order to test its contents.
Note! These terms also apply to the sale of investment silver (bars and coins with purity of .999)
Investment gold is gold with a purity of at least .900 (see FAQ regarding purity) in the form of either coins and bars.
The rules for when gold is considered as investment gold is regulated in EU regulations and the Danish VAT law.
Investment gold is traded without VAT in Denmark and in the EU.