How can I sell gold (wedding) rings and get some semblence of our money back?

Question

My ring needs resized and I want a different style, and my husband's also needs to be made a smaller size. But we have in all five gold rings, three 10 carat and two 14 carat. Our local jeweler would only offer $50-75 for the whole lot. That seems extremely low to me. I'd like to get at least half our money back so that we can just buy my other ring and resize his. Is there any place that would buy them higher or am I stuck with that? Also, what are the chances of me getting a good deal on just like a trade, and have them redesign my current band? (a good deal meaning they take the other rings for most of the payment)

btw there weren't any categories that really matched my question, so that's why it's stuck in here....

Answer 1

you can always try the local newspaper, or craigslist.org, and even ebay... it is worth a shot to see if you can get someone interested who will pay more than a wholesale buyer

Answer 2

Unless you have 24K gold that is resellable-you are stuck with the Pawn Shop. Jeweler's just melt it down and use to make other jewelry.

Answer 3

Check at Jewelry Shop, I mean a real jeweler NOT-Super Markets

Maybe you can sell in a adds.?

Answer 4

He is offering you scrap metal prices. A dealer is in the business of selling you overpriced jewelry not in buying overpriced jewelry. I am sure you are just out of luck. Jewelry is not a good investment, banks and stock markets are where you save money, every place else you spend it.

You don't save any Money at Walmart, you spend money at Walmart, maybe spend less, they want to tell you that you are saving. They are also nuts, you spend money at Walmart and save money at the bank. Always remember that, don't be confused.

Answer 5

try the local pawn shop and see how they compare -- do not expect to get muck -- since they were your rings and you wore them for a set period of time you might just want to keep them and pass them down to your children!!!!