Selling that valuble find?

[Nock]

I have read that one could pay for his detector with one nice ring find, my question is where do you find the buyer to pay that much for your ring, i have found gold rings but have got only the scrap value for them.

 

[BarberBill]

Unless it's a very large, heavy gold ring I think it needs a fair sized diamond or other valuable stone to pay for your detector in most cases. Then a jeweler or pawn shop may pay a good amount.
BB

 

[Elton]

The Mark up at Jewelers is [size=x-large]LARGE[/size]

 

[leslie]

I think this would buy you a new detector, scrap value =

 

[gilfordberry]

Typical pawn shop offers are at about 10 percent of retail jewelry store prices. Best to sell to an individual AFTER you pay for an appraisal...this assuming you are dealing with a valuable piece of jewelry with gemstones. If just gold or silver, then invest in a test kit and learn to do the math for spot value; figure you can usually get 80-90 percent of spot - the percentage goes up as the amount of gold or silver goes up because of assay fees..... then sell to an individual or to a resmelter...

 

[Critterhunter]

The problem with jewlery stores is that they get stuff pretty cheap via wholesalers. I know of one guy in the business and he says they can get even expensive stones on no-cash up front loaner deals from wholesalers to see if they can sell it first before paying for it. So even if you have a real nice diamond or something the jewler isn't going to be interested in buying it unless he can get it for a good bit less than what he can buy one from his supplier for.

Far as scraping gold, look into ARA. They only skim 2% of the day's market price for gold. Many of the guys in the beach forum sell their rings for scrap to them. They'll even send you back the stones or if you want to sell them they'll offer you a price, and from what I hear it's pretty fair considering the wholesale market thing above.

 

[targets]

a buddy o mine got 20,000 pounds for his diamond and enamel gold ring ,but its from the 1600s ..period .

 

[scubadetector]

Pawn shops are for losers. I know, I run one for my boss sometimes. To sell gold and diamonds ARA gold. 98% of gold value and a good price on ANY size diamond. And YES jewlery markup is HUGE. I got 2500.00 for the ring in my avitar. It was worth 12 - 14 grand.

If you put it on the big auction site, HAVE a reserve or you might lose big time.