gold ring
YogiBerraFan
Posts: 2,390 ✭✭
A friend of mine wants to sell his wedding ring since he has been divorced awhile. It is a plain mans band, 14k. It weighs 5.32 grams. How much should he ask for it? Thanks in advance for any help you can give.
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If he's selling it as scrap at a coin shop, he'll be lucky to get 75% of melt (~$120). Might have better luck on the BST here, or even *gasp* Ebay. I think it might go for a little over melt on ebay, so around 85% of melt after fees.
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<< <i>take it to your local motel coin buyer they pay thousands for rings >>
that would be funny if the ex wife was the one buying the gold. jmo ( good or bad
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
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