Sell...or keep rings

[brian11]

I am wondering what others do with your valuable finds. Do you sell the gold and and platinum rings that you find, or keep them? I have been detecting for about 4 years, and have never sold anything. About a year ago, I went to a couple of places to see what I could get for the rings. I was hearing about $250 - $350 for a gold ring, and about $400 for the one platinum ring I have. I did not sell any. I have kept them with coins and other good finds as "trophys". Now I'm thinking of selling. I am curious....what is the general concensus out there? Do you keep your rings or sell them?

 

Amazon Forum Fav 👍

Upgraded Night Vision Monocular Digital Infrared Monocular Telescope for 100% Darkness with 8X Zoom - Grab it through Amazon!

[Okie115]

I would say if you need the money to buy a new toy sell. If not gold is still on the rise just hold off until you need it.

 

[TheOldMan]

+++++

 

[bigscoop]

If you decide to sell........"DON'T SELL LOCALLY!".....instead, do as Old Man says, knock out any valuable stones and ship them to a refinery. I use Midwest out of Michigan. Last i heard they were still paying 95% of melt value of spot on the day they get it. They have always treated me pretty fairly and the turnaround is usually about a week.

 

[dustytrails123]

First off dont stop at the local jewelery shop they will give you a fraction of the price..... just scale it and list it on ebay and it will be gone the last platinum my brother sold was a womens and was pretty small but had almost a 700 dollar scrap value .... myself i only keep the silver since the price isnt that great

 

[U.K. Brian]

I keep selling when gold is up and hoard when its down. By missing out the middlemen in the high street you can more than double what your paid. I don't really see the point of keeping wedding bands or damaged gold unless you think prices are going to collapse in the future. I remenber gold stayed low for years and years. I could have had the money invested earning some interest and as Oakie says putting the money back into the hobby in the form of a better detector could really pay off especially if there's lots of competition on your beaches (I had nine on my nearest beach yesterday by eight in the morning).

 

[s.c.shooter]

So far I've kept mine but now I'm considering selling a few to buy another detector!

 

[Keppy]

I never keep any thing i sell every thing ...I don't need trophy's.... and i am not a collector of any thing..... I don't wait for things to go up or down i just sell..... And move on to the next find........

 

[Papa Bear]

Many points of view. All of them valid.

 

[bigscoop]

I treat my rings as my mad money. If I want a new detector, etc., I send in some rings to pay for it. Sort of like a special event or special purchase account.

 

[ridgecrawler]

Hello Brian, keep them if you can, if you do decide to sell them stay away from pawn shops, jewellers, and the cash for gold stores. Google ARAgold,they pay 98% of the gold value and will return your stones. They pay 90% on silver. I have sent silver to them several times and was treated fairly.

 

[Sandman]

I've kept and sold gold for years, but some special rings you remember and once they're sold, they're gone. Never sell to a jewelry store or cash for gold place as you will get pennies on the dollar. I sell my scrap gold to ARA though Midwest is couple miles from me. ARA pays 98% and returns stones. American Recycling ? Dallas, Texas

 

[treasure4pleasure]

I think I will sell mine unless they fit whenever I find some that is. lol Gosh I can't imagine keeping everything if you had a lot. It'd be like an episode of Hoarders , only the metal detecting version. lol