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EXCALIBUR 2 ITS A HOT GOLD FINDER!!!!!!:yikes:

LS hunter

Member
I was hunting in PENSACOLA pass weekend and found a super nice 18K white gold ring with 10 princess diamonds,I took it to a jeweler and he told me its from the 60s or 70s,He offer me 400.00
for it but i told him i keep what i find and this is true a least for this one,and i figure it was worth more,This is what water hunting is all about,This has to be the best hobby in the world!!!!!!!........
 
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Most jewelers are crooks.......never trust them.........if they are willing to offer you money right away then you know that ring is worth a lot more.
 
There will always be GOLD out there for us,WE use mine lab excalibur 2!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.......:razz:
 
LS hunter said:
I was hunting in PENSACOLA pass weekend and found a super nice 18K white gold ring with 10 princess diamonds,I took it to a jeweler and he told me its from the 60s or 70s,He offer me 400.00
for it but i told him i keep what i find and this is true a least for this one,and i figure it was worth more,This is what water hunting is all about,This has to be the best hobby in the world!!!!!!!........

In the book ,"The Urban Treasure Hunter by Micheal Chaplan"

hit "Table of contents" and in Ch. 13 "Cashing In" He warns you about jewelers and getting an honest appraisal, ESP in the big cities. I bet if u take that ring to 2-3 other jewelers you'll get 2-3 different prices. He explains in this book how to get a good approximation by weighing the ring (gold content, carats, converted to pennyweight) and then looking at the diamond values so in your head you have a good idea of what it is worth. Of course if the ring is old then you're in the dark because it might have some historical value as well. I recommend this book as it is a practical book for the beginner of which I am and it goes into detail on how to work detecting in urban settings.
 
Bobbie said:
Most jewelers are crooks.......never trust them.........if they are willing to offer you money right away then you know that ring is worth a lot more.

You took the words right out of my mouth. I just saw your reply after I posted about jewelers and watching out for them.
 
I have a friend who's a jeweler and they are cheap and if they don't make a profit they don't stay in business then you have no where to sell the items you find for more than scrap/pawnshop prices...........unless you take the long route and put an ad in the paper (look honey, there's your ring you lost in the paper! or worst yet "That's my ring! Let's call the police" good luck with the "I found it story" the cops don't care) or sell it on ebay. $400.00 sounds pretty good VS all the other options and also for your "cost" of finding it (machines,scoops,lunch,gas) this is a fun hobby not a business. Just my 2 zincs...
 
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R-n-R Magnolia Springs said:
I have a friend who's a jeweler and they are cheap and if they don't make a profit they don't stay in business then you have no where to sell the items you find for more than scrap/pawnshop prices...........unless you take the long route and put an ad in the paper (look honey, there's your ring you lost in the paper! or worst yet "That's my ring! Let's call the police" good luck with the "I found it story" the cops don't care) or sell it on ebay. $400.00 sounds pretty good VS all the other options and also for your "cost" of finding it (machines,scoops,lunch,gas) this is a fun hobby not a business. Just my 2 zincs...

I will give you a case in point. One of the places that I clean ( that's my living) the individual who minds the desk at the gym said his daughter went first locally in town the jeweler said L give you $450 for the ring. She declined and then went about 15 miles up the highway to a jeweler in a mall and he gave her $900. So the guy who offered lower was more than making a profit he was trying to screw her over. I know this is a hobby but it literally pays to know what you have for a relative value of the piece you are trying to sell. That goes for anything you are trying to sell. Most people if they know you are dumb and you don't know what you're doing will try to take advantage of you. To go around and try out 4-5 different jewelers and see what they offer for a price is smart because the highest offer is probably the most honest one and that's the one you'll probably want to deal with most of the time.
 
A jeweler (Asian.. who read the marking) offered us $100. for it, and didn't take it. Later, we took it somewhere else, and lo and behold... it was PLATINUM!
 
i found a good method for getting a fairly straight answer from most jewlers is to tell them you just inherited several peices of jewelry from a relative and are wondering what is a good value for insurance purposes . that you just need to know how much to insure it for. and you would never sell it. but if it is plastered with big diamonds and or very nice. you should consider having the item appraised it only costs 20-30 bucks on average . i have heard though that some of the newer large hi-q diamonds are being marked at the manufacturer level and registered. so they can be tracked in case of theft . i think it is some kind of micro etching of numbers or something like that . i think i heard it on discovery channel or somewhere like that.
 
He's most likely offer in you cost price of it. It probably retails for 2-3x that price.
 
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