You can sell your share certificates by posting them to a company that is able to turn them into cash. Selling shares certificates by post is cost effective and it can be as fast as 3 days to turn share certificates into cash.
While many different companies have varying commissions on selling share certificates, the normal rate is 1% on the sale proceeds with a minimum amount being taken (usually £7.50). For example, if you had shares worth £50.00 then you would be charged £7.50 for selling your shares certificates. If you had shares worth £1000.00 then you would be charged £10.00.
You will often be able to sell your share certificates in a few easy steps.
1. You will need to print your own share certificate sales form
2. You will need to fill out and sign the share certificate sales form
3. Send the form along with the share certificates and two proofs of identification
How fast can I sell my share certificates?
The time taken to sell share certificates can vary and is dependent on any price limit that you may set. If, for example, you are unwilling to sell your shares at the market price, then it may become difficult for the seller to sell your share certificates.
Your shares certificates will be sold as soon as possible following receipt with a maximum of a 30 day wait (share certificates returned if unsellable).
Please note that when selling shares tax may apply in the form of capital gains tax.