Where would you go to sell a wedding ring?

In My Humble Opinion
1

I have my wedding ring: it’s a plain white gold band. I’m looking to sell it, hoping to partially fund my divorce. It’s not worth much (it cost, I believe, $169 at Robbins Bros. eleven years ago), but the value of gold has risen immensely since I bought it, so I’m hoping I’m not going to get told it’s worth $5, either.

What’s the best way to go about selling it? I have zero interest in Cash4Gold, before anyone asks. And I’m guessing that a pawn shop is probably not the best idea, either, but I could be wrong. Should I talk to an actual jeweler, or would they not even bother with something of little value? What say you all?

2

I’m no expert, but I had a chance to ask a jewelry vendor at a crafts fair and he was very interested in buying my fifty dollar wedding band. Go figure.

3

Craigslist and eBay would be a good place to start. Also check out bridal and wedding websites and see if anyone there is looking to buy a men’s ring. I’d consider it myself but my fiance is set on a titanium ring.

4

Definitely do not go for the cash4gold sites. You will get pennies on the $. The respond to their criticism, in that they help people that need cash fast. Pawn shops actually will give you a better price, but go to at least three of them and get offers. You might also try a local jeweler.

5

While I’m sure no consideration would be given to the fact that it’s a ring (and that may be true anywhere), Garfield Refining Company is a reputable place to sell precious metals.

6

I went to a jewelry store and they offered me $30 for mine, but since I’d paid like $350-$400 new I decided to just keep it until I can get a better offer. You may want to try craigslist, it’s something I’ve considered. If you do, just make sure you meet them in person, and preferably bring someone along with you just to be safe.

7

Midwest Refineries. Google them. They pay %98 of spot value of the gold based on the day they recieve it. (check out some karats to percentage calculators that are all over the web, and weigh your ring too, you should get a very close estimate of its value) There may be a few refiners out there paying a little more, but definitely stay away from the TV guys that pay %30-60. I do a lot of metal detecting and end with good deal of gold. Midwest has always been extremely fair and reliable for me. Oh FWIW, pop out any stones before you send them off. If you’re lucky a jeweler will take them off your hands, but mainly I just keep them in a baggie until I can figure out what to do with them. The refiners just care about metal.

8

There are a couple of places around here that advertise that they buy gold and silver. I did some research, found that they offered fair prices, and sold my stuff to them for cash. No hassle.

9

I just got a few hundred dollars for my junk gold. I went to three Jewelery stores and they were all within 40 dollars of eachother. I was surprised at how much I got as it was just two gold braceletes and a gold necklace. They go by the gold standard that day.

10

For me, it was WGY Coin and Stamp, which buys jewelry. They’ve been in business forever and gave me a reasonable price for it.

I’d suggest any local jewelery stores.

11

I make several hundred dollars every couple of months selling found gold from metal detecting at beaches.

I really need to emphasize that if you’re selling junk gold, bands or whatever and you’re not getting 95-98% of the melt value, you’re not getting a fair deal. It’s very easy to calculate what your gold’s market value is. The junk gold guys that aren’t refiners are just middlemen to the refiners. Go straight to the refiner and get more money. I steer very clear from pawn shops and jewelers for straight selling of my finds.

The only time I consider jewelers is with a piece that has sizable stones or an extremely intricate design. Then I sell consignment. That’s a win-win for both of us.

BTW, never had good luck with craigslist for jewelery either.

12

I sold a couple broken chains at a local pawn. They gave me less than 30% of the value of the melted gold. Something I found out the next day.
Note to self: Do the research before the sale.

13

Thank you all for your feedback. I’ve done quite a bit of online searching for comparable rings, including eBay and Craigslist and the like. I have a decent idea of the value. I’ve decided to send the ring into Garfield Refinery since I can never seem to find the time to hit up jewelers locally. We’ll see what they say.