Gold!

[48Rob]

Okay...

Over the years as part of my job cleaning out reposessed and abandoned homes, I've accumulated a small pile of jewlery.
Mostly rings, some clearly marked gold, some not.
Some with stones...maybe real, maybe not...

Time has come to sell them off.
Big question is where, and or how?

I realize everyone in the chain has to make a profit, and my net may only be a third of full value, but, how do I determine what full value is?

Visit the local pawn shop?
My fear is that it would be kind of like asking a fox to go count the chicks...and report back...

E bay is a good option for selling, as well as determining value when you know what you have, but how can I determine value, and what I have without paying a small fortune for appraisals?

Rob

[Nitetimes]

In my experience, the best place to get a reasonably close price is from an auction house. If you can find an honest jewelry store.....

[goldcoop]

Rob-

Maybe a small family owned jeweler or 2?

Take it in, tell 'em you are looking for the best price given for what you have, thank them & go to #2 with the same routine.

Sell to the best deal for you, with Valentines Day coming maybe you can trade for something nice for your sig other?

JMO!

Cheers,

Coop

[anonymous2]

I agree with Nite & Coop. Take them to a local jeweler. Years ago my mother found a opal & ruby ring at the beach. Took it to a appraiser/jeweler,and had it apraised. Found out they were real rubys & opals,and set in 24 carrot gold. Appraised value 20 years ago was over $1000 dollars. She recently gave it to my wife for our 30th wedding anniversary. My wife is scared to wear it,in fear of loosing it.

pateardropper

[48Rob]

Thanks!

I'll try a couple local jewlers.

Rob

[Classic Finn]

Rob

Majority of the places will give you real "BAD" prices...so take your gold to more than one place..

My wife here in Finland is a Licensed Professional GoldSmith and Jewelry Designer with her own shop...

She says to first take a jewelers glass to check if its 14k, 18k or 24K
If its an actual gold ring it has to state that it is with a stamp... or it may
be gold plated or a filigree..

Also she says for you as an idea to make a new ring for you or a loved
one from the gold that you have accumulated - Just for thought...Maybe you know of a reputable goldsmith nearby who can do that for you..

Most places willgive you prices that are for Scrap ... meaning they remelt
the gold down..and only pay the price for such purpose.

Also the rings that you may have without the stamp to show the quality
of the gold.. It can be tested...

So think about it before you get rid of it....

Also my wife can make you a piece of Jewelry from the gold that you
have as well as the stones..She has done that many times for her customers - both Domestic and International...(State and Canada)

Let us know if we can be of help...We can send you examples of my wifes
work if you like... Here,s 2 examples out of many





Classic Finn

[Ira]

Rob, I've spent a lot of time in Venezuela (wife is from there), and the country is very rich in gold. I must have bought my wife at least $10,000 worth of...

Wait, I take that back. it was about $100 worth of gold.

Anyway...

14K is considered garbage there. Everything is at least 18K, and NOTHING is ever marked on the stuff. So that's not a really rigid rule.

[Classic Finn]

Rob, I've spent a lot of time in Venezuela (wife is from there), and the country is very rich in gold. I must have bought my wife at least $10,000 worth of...

Wait, I take that back. it was about $100 worth of gold.

Anyway...

14K is considered garbage there. Everything is at least 18K, and NOTHING is ever marked on the stuff. So that's not a really rigid rule.

Here it is an enforced rule due to the different companies selling jewelry
as Gold when it is not or just plated.. this is also enforced in Europe, as well as Scandinavia...however it is true that 14k Gold is not considered as much over 18K or 24K. This is certainly true..
Also the stamp on a piece of jewelry is the type of Gold and A SEPERATE
STAMP identifying the Goldsmith.. That states the Origin of that particular piece..That is also true some countries do not put the Stamp on.. However
it can be tested as stated earlier..
These stamps also prove to Customs, and other Officials the place of origin and authenticity..Anyone can tell you selling jewelry its gold ....
when actually its not...and the customer goes off thinking it is.It has happened.. what were trying to say.. Be careful when buying jewelry..

Classic Finn

[48Rob]

Finn, and all,

Thanks for the ideas!

Your wifes work is very nice!
I'm not much into jewelry...my wife is...but that's another story.

The rings I've accumulated are a mix of nice, to rough.
My goal is simply to sell them all off to help fund the Cabin car project.

Some are marked, some are not, and then there are the stones...maybe fake, maybe not.

Sounds like the best plan is to attempt to do some self appraisals, then let each of three or four jewlers have a look, and give me their best price...with the knowledge that several others will be doing the same.

Rob

[Chris C]

Just a thought, Rob..................

Smaller jewelers, such as home-based business and hobbiests are more likely to give you more for your gold because they don't have enough cashflow to buy gold from dealers in quantities sometimes required. My Dad had a home-based jewelry business for about 30 years and he purchased a lot of gold from individuals. Even though he purchased large amounts from dealers, his customers ran into the same delima you have.

[Classic Finn]

Just a thought, Rob..................

Smaller jewelers, such as home-based business and hobbiests are more likely to give you more for your gold because they don't have enough cashflow to buy gold from dealers in quantities sometimes required. My Dad had a home-based jewelry business for about 30 years and he purchased a lot of gold from individuals. Even though he purchased large amounts from dealers, his customers ran into the same delima you have.

Chris I have to agree with you, that holds true here as well...

Classic Finn

[48Rob]

Chris,

Good logic!

Thank you.

Rob