They do buy gold for cash. I actually went in to ask if they had any silver coins but they said no one has ever come in to try and sell any. Your best bet is to go in and ask. No jewellery shop will ever turn down the opportunity of a sale. My jewellery shop was upfront and honest, he said they sell on all gold at below spot to be remelted. So when I said I'd pay them full spot he was very happy. It's a win win situation. He sells at full spot and I don't pay more than spot. As a jewellery shop they have no numismatic interest it's all about turnover and profit, so I could pick the better sovereign for the same price. I'm flat broke at the moment so haven't been back for 5 weeks now.
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